Episode
#92 - A Three Month Old Company Profiting $90,000 A Day
1:09:57
Published: Wed Jul 15 2020
Description
Joined our private FB group yet? It's a page where people share each others million dollar ideas or what they're already working on: https://www.facebook.com/groups/ourfirstmillion. This episode Shaan and Sam talk: Ford's small raise, a mask business doing millions per month, software distribution, agents for engineers, private Twitter, Etsy for kids and Golden Hippo. See acast.com/privacy for privacy and opt-out information.
Chapters
Tonal is an at-home strength training system that consists of plates of weights, a barbell and a dumbbell, that you nail to the wall in your garage.
00:00 - 03:28 (03:28)
Summary
Tonal is an at-home strength training system that consists of plates of weights, a barbell and a dumbbell, that you nail to the wall in your garage. It does not require a lot of space due to its compact size.
Episode#92 - A Three Month Old Company Profiting $90,000 A Day
PodcastMy First Million
The speaker compares the innovative exercise equipment, Mirror and Peloton, and notes that while Mirror looks like a sleek mirror, it is as revolutionary as Peloton in getting people interested in fitness.
03:28 - 06:57 (03:29)
Summary
The speaker compares the innovative exercise equipment, Mirror and Peloton, and notes that while Mirror looks like a sleek mirror, it is as revolutionary as Peloton in getting people interested in fitness.
Episode#92 - A Three Month Old Company Profiting $90,000 A Day
PodcastMy First Million
The automotive industry is a huge market and successful entrepreneurs are more valuable than great products.
06:57 - 11:11 (04:14)
Summary
The automotive industry is a huge market and successful entrepreneurs are more valuable than great products. Raising money is also an important aspect for many of these businesses.
Episode#92 - A Three Month Old Company Profiting $90,000 A Day
PodcastMy First Million
The speaker discusses a company that offers the best education and networking opportunities on Twitter, as well as mentioning a person he came across on the platform.
11:11 - 13:31 (02:19)
Summary
The speaker discusses a company that offers the best education and networking opportunities on Twitter, as well as mentioning a person he came across on the platform.
Episode#92 - A Three Month Old Company Profiting $90,000 A Day
PodcastMy First Million
This podcast episode discusses the idea of building an American manufacturing company starting with masks during the pandemic, as well as the potential for larger orders in the future.
13:31 - 17:55 (04:24)
Summary
This podcast episode discusses the idea of building an American manufacturing company starting with masks during the pandemic, as well as the potential for larger orders in the future.
Episode#92 - A Three Month Old Company Profiting $90,000 A Day
PodcastMy First Million
The speaker wonders why there isn't a software publisher that specializes in one business model or area specifically, like SAS or HR tech, and muses that the gaming industry still operates this way.
17:56 - 25:19 (07:23)
Summary
The speaker wonders why there isn't a software publisher that specializes in one business model or area specifically, like SAS or HR tech, and muses that the gaming industry still operates this way.
Episode#92 - A Three Month Old Company Profiting $90,000 A Day
PodcastMy First Million
The lack of agents in the tech industry leaves many high-earning individuals without proper negotiation when it comes to job offers and salary.
25:19 - 29:18 (03:58)
Summary
The lack of agents in the tech industry leaves many high-earning individuals without proper negotiation when it comes to job offers and salary. It is estimated that there are easily over 250 individuals in the tech industry making over a million dollars annually.
Episode#92 - A Three Month Old Company Profiting $90,000 A Day
PodcastMy First Million
CB Insights helps businesses determine what products and designs will be most popular by analyzing trends in different industries, including food, drink, beauty, and fashion.
29:18 - 35:09 (05:51)
Summary
CB Insights helps businesses determine what products and designs will be most popular by analyzing trends in different industries, including food, drink, beauty, and fashion. They are well-known for their newsletter, which is written by their CEO and provides valuable industry insights.
Episode#92 - A Three Month Old Company Profiting $90,000 A Day
PodcastMy First Million
The founder of Squarespace or WordPress, who typically hated sales and marketing, learned that hiring a sales team can skyrocket your business growth if you have a good product that solves a problem.
35:10 - 38:46 (03:36)
Summary
The founder of Squarespace or WordPress, who typically hated sales and marketing, learned that hiring a sales team can skyrocket your business growth if you have a good product that solves a problem. Outbound sales, free reports, and content marketing can also contribute to growth.
Episode#92 - A Three Month Old Company Profiting $90,000 A Day
PodcastMy First Million
The speaker discusses the differences between sales and collaboration software, and how collaboration tools like Slack have improved communication in the workplace.
38:46 - 43:13 (04:27)
Summary
The speaker discusses the differences between sales and collaboration software, and how collaboration tools like Slack have improved communication in the workplace.
Episode#92 - A Three Month Old Company Profiting $90,000 A Day
PodcastMy First Million
The little gut instinct things such as a private Twitter feed are undervalued in creating a successful company culture.
43:13 - 46:42 (03:28)
Summary
The little gut instinct things such as a private Twitter feed are undervalued in creating a successful company culture. Creating a weekly low-pressure communication platform for employees to share company updates is crucial.
Episode#92 - A Three Month Old Company Profiting $90,000 A Day
PodcastMy First Million
A business idea for monitoring keywords on Reddit and notifying companies when their brand is mentioned.
46:42 - 50:00 (03:17)
Summary
A business idea for monitoring keywords on Reddit and notifying companies when their brand is mentioned. This could be a niche product for a lifestyle business.
Episode#92 - A Three Month Old Company Profiting $90,000 A Day
PodcastMy First Million
Bubble is a no-code tool that allows you to build apps without the need for traditional programming skills.
50:00 - 52:12 (02:11)
Summary
Bubble is a no-code tool that allows you to build apps without the need for traditional programming skills. Even those without a technical background can easily use it to create their own applications.
Episode#92 - A Three Month Old Company Profiting $90,000 A Day
PodcastMy First Million
The speaker talks about a new online platform for kids which teaches them both arts and crafts and entrepreneurship to create a little store online, like a mini lemonade stand.
52:12 - 55:22 (03:10)
Summary
The speaker talks about a new online platform for kids which teaches them both arts and crafts and entrepreneurship to create a little store online, like a mini lemonade stand.
Episode#92 - A Three Month Old Company Profiting $90,000 A Day
PodcastMy First Million
The satisfaction of creating something and receiving positive feedback can be more valuable than the item itself, especially for kids who are learning and developing.
55:22 - 59:27 (04:04)
Summary
The satisfaction of creating something and receiving positive feedback can be more valuable than the item itself, especially for kids who are learning and developing. This fosters a sense of achievement and can lead to entrepreneurial skills in the future.
Episode#92 - A Three Month Old Company Profiting $90,000 A Day
PodcastMy First Million
The speaker is overwhelmed by having to process new information and struggling to differentiate between whether the characters in a podcast are fictional or real-life individuals.
59:27 - 1:05:38 (06:11)
Summary
The speaker is overwhelmed by having to process new information and struggling to differentiate between whether the characters in a podcast are fictional or real-life individuals. They also highlight that advertising platforms like Tabula and Outbrain are successful for a reason.
Episode#92 - A Three Month Old Company Profiting $90,000 A Day
PodcastMy First Million
The hosts propose a thought exercise to create a product that can generate over $3 million in revenue within three months with a budget of only $10,000, emphasizing the importance of creating a great ad to achieve success.
1:05:38 - 1:07:55 (02:16)
Summary
The hosts propose a thought exercise to create a product that can generate over $3 million in revenue within three months with a budget of only $10,000, emphasizing the importance of creating a great ad to achieve success.
Episode#92 - A Three Month Old Company Profiting $90,000 A Day
PodcastMy First Million
In this podcast episode, the speaker shares two thought experiments on how to make $3 million in three months with an initial investment of $10,000 and how to make $1 million in two months using existing resources.
1:07:55 - 1:09:47 (01:52)
Summary
In this podcast episode, the speaker shares two thought experiments on how to make $3 million in three months with an initial investment of $10,000 and how to make $1 million in two months using existing resources.