Chapter
Ugly Candy Machines and Ethnic Barbies
36:33 - 43:00 (06:27)
The speaker discusses the type of company they would start, potentially one that sells candy machines that occasionally give a diamond ring as a prize, and introduces the concept of ethnic Barbies.
Clips
Isaac Larian, who was born to a Jewish family in Iran and immigrated to the US, is the founder of Bratz, ethnic Barbie dolls.
36:33 - 37:41 (01:07)
Summary
Isaac Larian, who was born to a Jewish family in Iran and immigrated to the US, is the founder of Bratz, ethnic Barbie dolls. He started as a licensee for Power Rangers and eventually created his own successful toy company, MJ Entertainment.
ChapterUgly Candy Machines and Ethnic Barbies
Episode#104 - Why You Should Be Studying MLMs
PodcastMy First Million
LOL dolls are like buying a pack of Pokemon cards, but instead they are barbies with a little bit of an edge.
37:41 - 38:55 (01:14)
Summary
LOL dolls are like buying a pack of Pokemon cards, but instead they are barbies with a little bit of an edge. They started as licensing power rangers, but now are privately owned and growing rapidly in popularity.
ChapterUgly Candy Machines and Ethnic Barbies
Episode#104 - Why You Should Be Studying MLMs
PodcastMy First Million
The speaker suggests unconventional business ideas such as candles with diamond rings inside and bath bombs with jackpots as surprises.
38:55 - 40:08 (01:13)
Summary
The speaker suggests unconventional business ideas such as candles with diamond rings inside and bath bombs with jackpots as surprises.
ChapterUgly Candy Machines and Ethnic Barbies
Episode#104 - Why You Should Be Studying MLMs
PodcastMy First Million
The use of loot box mechanics in video games, which involve the purchase of virtual items with real money, has been banned in certain countries due to addiction concerns.
40:08 - 41:50 (01:41)
Summary
The use of loot box mechanics in video games, which involve the purchase of virtual items with real money, has been banned in certain countries due to addiction concerns. These mechanics originated in physical candy machines and are now prevalent in many popular video games.
ChapterUgly Candy Machines and Ethnic Barbies
Episode#104 - Why You Should Be Studying MLMs
PodcastMy First Million
The podcast discusses two frameworks for applying new mechanics; household items that are mundane and unattractive, and the use of the "gotcha" mechanics or licensing to improve products.
41:50 - 43:00 (01:10)
Summary
The podcast discusses two frameworks for applying new mechanics; household items that are mundane and unattractive, and the use of the "gotcha" mechanics or licensing to improve products. They also touch on Ricky van Nene and Hometown Candles as an interesting example.