Episode
Business of Trend Forecasting, Pickleball, And The Lucrative Virtual Gaming World
57:16
Published: Tue Jan 17 2023
Description
Episode 407: Shaan Puri (@ShaanVP) and Sam Parr (@TheSamParr) talk about expanding the business of tracking trends, the explosion of pickleball popularity, and lucrative online gaming. Want to see more MFM? Subscribe to the MFM YouTube channel here. ----- Links: * Exploding Topics * Meet Glimpse * WGSN * GLG * Eureka Surveys * The Dink * Virtual Gaming World * Do you love MFM and want to see Sam and Shaan's smiling faces? Subscribe to our Youtube channel. * Want more insights like MFM? Check out Shaan's newsletter. ------ Show Notes: (06:10) - What it takes to be big on YouTube (10:50) - Forecasting Businesses (20:55) - Pickleball (38:10) - Tom Dundon (44:00) - Virtual Gaming World ----- Past guests on My First Million include Rob Dyrdek, Hasan Minhaj, Balaji Srinivasan, Jake Paul, Dr. Andrew Huberman, Gary Vee, Lance Armstrong, Sophia Amoruso, Ariel Helwani, Ramit Sethi, Stanley Druckenmiller, Peter Diamandis, Dharmesh Shah, Brian Halligan, Marc Lore, Jason Calacanis, Andrew Wilkinson, Julian Shapiro, Kat Cole, Codie Sanchez, Nader Al-Naji, Steph Smith, Trung Phan, Nick Huber, Anthony Pompliano, Ben Askren, Ramon Van Meer, Brianne Kimmel, Andrew Gazdecki, Scott Belsky, Moiz Ali, Dan Held, Elaine Zelby, Michael Saylor, Ryan Begelman, Jack Butcher, Reed Duchscher, Tai Lopez, Harley Finkelstein, Alexa von Tobel, Noah Kagan, Nick Bare, Greg Isenberg, James Altucher, Randy Hetrick and more. ----- Additional episodes you might enjoy: • #224 Rob Dyrdek - How Tracking Every Second of His Life Took Rob Drydek from 0 to $405M in Exits • #209 Gary Vaynerchuk - Why NFTS Are the Future • #178 Balaji Srinivasan - Balaji on How to Fix the Media, Cloud Cities & Crypto * #169 - How One Man Started 5, Billion Dollar Companies, Dan Gilbert's Empire, & Talking With Warren Buffett • #218 - Why You Should Take a Think Week Like Bill Gates • Dave Portnoy vs The World, Extreme Body Monitoring, The Future of Apparel Retail, "How Much is Anthony Pompliano Worth?", and More • How Mr Beast Got 100M Views in Less Than 4 Days, The $25M Chrome Extension, and More
Chapters
In this podcast, the hosts discuss their passions and how pursuing them can make them feel like they can "rule the world".
00:00 - 00:35 (00:35)
Summary
In this podcast, the hosts discuss their passions and how pursuing them can make them feel like they can "rule the world". They also reflect on Martin Luther King Jr.'s dream and the importance of staying determined in achieving personal goals.
EpisodeBusiness of Trend Forecasting, Pickleball, And The Lucrative Virtual Gaming World
PodcastMy First Million
The podcast explores how gender roles can manifest in dream-recall ability and social interactions such as men telling funny stories and women aggregating in the kitchen to help each other out.
00:35 - 04:38 (04:03)
Summary
The podcast explores how gender roles can manifest in dream-recall ability and social interactions such as men telling funny stories and women aggregating in the kitchen to help each other out.
EpisodeBusiness of Trend Forecasting, Pickleball, And The Lucrative Virtual Gaming World
PodcastMy First Million
A YouTuber discusses the strategy of using an inflatable arm man at the beginning of a video to prevent viewers from leaving, and the pressure to maintain a high viewer retention rate.
04:38 - 08:31 (03:52)
Summary
A YouTuber discusses the strategy of using an inflatable arm man at the beginning of a video to prevent viewers from leaving, and the pressure to maintain a high viewer retention rate.
EpisodeBusiness of Trend Forecasting, Pickleball, And The Lucrative Virtual Gaming World
PodcastMy First Million
The speaker questions the motive of people who choose to act like how a 12-year-old would act instead of adapting to changing times as they grow old, emphasizing that they wouldn't want to to be stuck in that mentality when they're much older.
08:31 - 11:39 (03:08)
Summary
The speaker questions the motive of people who choose to act like how a 12-year-old would act instead of adapting to changing times as they grow old, emphasizing that they wouldn't want to to be stuck in that mentality when they're much older.
EpisodeBusiness of Trend Forecasting, Pickleball, And The Lucrative Virtual Gaming World
PodcastMy First Million
The podcast discusses how companies can use data to predict growing trends and make better business decisions, citing examples from Starbucks and WGSN.
11:39 - 16:39 (05:00)
Summary
The podcast discusses how companies can use data to predict growing trends and make better business decisions, citing examples from Starbucks and WGSN. They suggest that by predicting future trends in consumer demand, companies can reduce costs and increase revenue.
EpisodeBusiness of Trend Forecasting, Pickleball, And The Lucrative Virtual Gaming World
PodcastMy First Million
The speaker suggests a strategy for businesses to survey their consumers and other roles in their company to better understand how decisions will impact them.
16:39 - 20:39 (03:59)
Summary
The speaker suggests a strategy for businesses to survey their consumers and other roles in their company to better understand how decisions will impact them. By offering incentives such as gift cards, companies can obtain valuable industry input to make more informed decisions.
EpisodeBusiness of Trend Forecasting, Pickleball, And The Lucrative Virtual Gaming World
PodcastMy First Million
The number of people playing pickleball in America has reached a staggering 36 million in the last year, making it one of the fastest-growing sports in the country.
20:40 - 23:41 (03:01)
Summary
The number of people playing pickleball in America has reached a staggering 36 million in the last year, making it one of the fastest-growing sports in the country.
EpisodeBusiness of Trend Forecasting, Pickleball, And The Lucrative Virtual Gaming World
PodcastMy First Million
The podcast host discusses advertising and content strategies with Dink, who is doing smart things on the growth and content side.
23:41 - 26:52 (03:11)
Summary
The podcast host discusses advertising and content strategies with Dink, who is doing smart things on the growth and content side. Dink wants the host to participate in his advertising strategy.
EpisodeBusiness of Trend Forecasting, Pickleball, And The Lucrative Virtual Gaming World
PodcastMy First Million
Pickleball started as a mashup game between badminton and ping pong played by bored families, and has now become a popular sport with professional leagues.
26:52 - 29:32 (02:39)
Summary
Pickleball started as a mashup game between badminton and ping pong played by bored families, and has now become a popular sport with professional leagues. Venues such as Chicken and Pickle and Camp Pickle are creating ways to have a complete pickle ball experience with food, drinks, and the game.
EpisodeBusiness of Trend Forecasting, Pickleball, And The Lucrative Virtual Gaming World
PodcastMy First Million
The founder of Lifetime Fitness invested $500 million in building pickleball courts in all of his gym locations, resulting in unexpected viewership from typically homophobic men.
29:32 - 35:04 (05:31)
Summary
The founder of Lifetime Fitness invested $500 million in building pickleball courts in all of his gym locations, resulting in unexpected viewership from typically homophobic men.
EpisodeBusiness of Trend Forecasting, Pickleball, And The Lucrative Virtual Gaming World
PodcastMy First Million
The podcast host shares a story of an investor who lost $70 million on an NFL competitor called the AAF that never even had its first game.
35:04 - 39:08 (04:03)
Summary
The podcast host shares a story of an investor who lost $70 million on an NFL competitor called the AAF that never even had its first game. He then discusses the importance of having a visionary leader like Dana White who made the UFC successful after investing millions of dollars into it.
EpisodeBusiness of Trend Forecasting, Pickleball, And The Lucrative Virtual Gaming World
PodcastMy First Million
The popularity of pickleball has been steadily rising due to its accessibility and its appeal to a wide range of ages.
39:08 - 42:59 (03:51)
Summary
The popularity of pickleball has been steadily rising due to its accessibility and its appeal to a wide range of ages. Even influential and successful people have been getting into the game, leading to its growth and continued success.
EpisodeBusiness of Trend Forecasting, Pickleball, And The Lucrative Virtual Gaming World
PodcastMy First Million
A unique story of buying a private jet by diverting dividends and breaking the typical startup archetype.
42:59 - 46:21 (03:22)
Summary
A unique story of buying a private jet by diverting dividends and breaking the typical startup archetype.
EpisodeBusiness of Trend Forecasting, Pickleball, And The Lucrative Virtual Gaming World
PodcastMy First Million
The speaker discusses the limited value of patents in the world of internet innovation and how it is rare for a patent to create a successful business without additional advantages.
46:21 - 50:37 (04:16)
Summary
The speaker discusses the limited value of patents in the world of internet innovation and how it is rare for a patent to create a successful business without additional advantages.
EpisodeBusiness of Trend Forecasting, Pickleball, And The Lucrative Virtual Gaming World
PodcastMy First Million
The hosts try to guess who the richest person is based solely on their car collection and comment on the need to have a profile picture as a poker player to authenticate oneself in certain contexts.
50:37 - 54:15 (03:37)
Summary
The hosts try to guess who the richest person is based solely on their car collection and comment on the need to have a profile picture as a poker player to authenticate oneself in certain contexts.
EpisodeBusiness of Trend Forecasting, Pickleball, And The Lucrative Virtual Gaming World
PodcastMy First Million
The podcast discusses the importance of making a compelling pitch, using the example of convincing people to subscribe to the podcast as a metaphor.
54:15 - 54:47 (00:32)
Summary
The podcast discusses the importance of making a compelling pitch, using the example of convincing people to subscribe to the podcast as a metaphor.