Episode
Five Ways To Make Money, Vice Businesses, Fan Fiction And More
1:03:56
Published: Thu Nov 24 2022
Description
Episode 389: Sam Parr (@TheSamParr) and Shaan Puri (@ShaanVP) talk about five ways to make money, successful vice businesses, profitable fan fiction, Billy of the Week and more. ----- Links: * Sam's Tweet * Shaan's Tweet Framework * WattPad * Archive of Our Own * LitErotica * Fandom * Dutchie * Group Black * KIA logo * Shift4 * Boosted Boards * 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: (12:50) - Five ways to make money (18:10) - Fan fiction (26:30) - Vice businesses (31:55) - Group Black (38:35) - KIA logo arbitrage (43:50) - Billy of the week ----- 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
HubSpot enables better team alignment by connecting all aspects of a business including sales, marketing, customer support, and operations, removing the manual tracking of customer data and increasing transparency within teams.
00:00 - 01:36 (01:36)
Summary
HubSpot enables better team alignment by connecting all aspects of a business including sales, marketing, customer support, and operations, removing the manual tracking of customer data and increasing transparency within teams.
EpisodeFive Ways To Make Money, Vice Businesses, Fan Fiction And More
PodcastMy First Million
The idea that after a certain amount of money, more wealth won't contribute to happiness is supported by studies and anecdotal evidence from billionaires.
01:36 - 05:23 (03:47)
Summary
The idea that after a certain amount of money, more wealth won't contribute to happiness is supported by studies and anecdotal evidence from billionaires. The suggested cutoff varies, ranging from 50 million to 100 million dollars.
EpisodeFive Ways To Make Money, Vice Businesses, Fan Fiction And More
PodcastMy First Million
The speaker discusses the importance of staying focused on a single project as an entrepreneur, referencing his own experience with short project lifespans and the need to hire replacements.
05:23 - 12:08 (06:45)
Summary
The speaker discusses the importance of staying focused on a single project as an entrepreneur, referencing his own experience with short project lifespans and the need to hire replacements. He also mentions a study that showed consistently higher growth rates for companies that stay focused on one project.
EpisodeFive Ways To Make Money, Vice Businesses, Fan Fiction And More
PodcastMy First Million
The lowest layer workers, who do the most physical work, are usually paid the least, while the highest layer workers, who do the least amount of laborious work, are paid the most, as seen with Warren Buffett.
12:08 - 15:43 (03:34)
Summary
The lowest layer workers, who do the most physical work, are usually paid the least, while the highest layer workers, who do the least amount of laborious work, are paid the most, as seen with Warren Buffett. This is the way that any enterprise works in the ecosystem for money.
EpisodeFive Ways To Make Money, Vice Businesses, Fan Fiction And More
PodcastMy First Million
In this episode, the host discusses how playing the social media game for success on YouTube or Twitter is not a path he prefers since he has a lower sense of self-respect for people who won it.
15:43 - 19:01 (03:18)
Summary
In this episode, the host discusses how playing the social media game for success on YouTube or Twitter is not a path he prefers since he has a lower sense of self-respect for people who won it.
EpisodeFive Ways To Make Money, Vice Businesses, Fan Fiction And More
PodcastMy First Million
A niche podcast may have a bigger online presence than one would expect, surpassing larger media outlets in online engagement and community building.
19:01 - 23:14 (04:13)
Summary
A niche podcast may have a bigger online presence than one would expect, surpassing larger media outlets in online engagement and community building.
EpisodeFive Ways To Make Money, Vice Businesses, Fan Fiction And More
PodcastMy First Million
A fan fiction writer is offered a six-figure deal by Simon and Schuster for her work that extends the Lord of the Rings story, proving the potential of monetizing fan fiction writing.
23:14 - 26:41 (03:27)
Summary
A fan fiction writer is offered a six-figure deal by Simon and Schuster for her work that extends the Lord of the Rings story, proving the potential of monetizing fan fiction writing.
EpisodeFive Ways To Make Money, Vice Businesses, Fan Fiction And More
PodcastMy First Million
The speaker discusses how underrated websites such as Fandom provide information and proof of concept that proves the website's success perspectives.
26:41 - 29:45 (03:03)
Summary
The speaker discusses how underrated websites such as Fandom provide information and proof of concept that proves the website's success perspectives.
EpisodeFive Ways To Make Money, Vice Businesses, Fan Fiction And More
PodcastMy First Million
The concept of "Stripe for Vice" was a popular discussion on the podcast, addressing the issue of payments being blocked by banks or credit card companies; a service that offered payment processing for diverse-owned media companies could potentially receive a share of the roughly $600 million spent annually on media.
29:45 - 34:17 (04:31)
Summary
The concept of "Stripe for Vice" was a popular discussion on the podcast, addressing the issue of payments being blocked by banks or credit card companies; a service that offered payment processing for diverse-owned media companies could potentially receive a share of the roughly $600 million spent annually on media.
EpisodeFive Ways To Make Money, Vice Businesses, Fan Fiction And More
PodcastMy First Million
The basketball player's business plan involves winning bids due to being one of the few minority-led businesses, which has been successful for the company.
34:17 - 40:03 (05:46)
Summary
The basketball player's business plan involves winning bids due to being one of the few minority-led businesses, which has been successful for the company. There are government contracts and consulting gigs set aside for minority-owned businesses, making it a smart move for these businesses to bid for them.
EpisodeFive Ways To Make Money, Vice Businesses, Fan Fiction And More
PodcastMy First Million
A teenager built a website that compared the rates of Uber versus Lyft and ranked highly in search engines.
40:03 - 43:25 (03:21)
Summary
A teenager built a website that compared the rates of Uber versus Lyft and ranked highly in search engines. He then made a significant amount of money through referrals, including tens of thousands of dollars a month through a referral program for Tesla's Roadster.
EpisodeFive Ways To Make Money, Vice Businesses, Fan Fiction And More
PodcastMy First Million
The founder bootstraps their company to process over a billion dollars in revenue, but admits how difficult it was to obtain credit cards for the business.
43:26 - 45:34 (02:07)
Summary
The founder bootstraps their company to process over a billion dollars in revenue, but admits how difficult it was to obtain credit cards for the business.
EpisodeFive Ways To Make Money, Vice Businesses, Fan Fiction And More
PodcastMy First Million
This episode features a story of a man who bootstrapped his flight show business, sold 53% of the company and made $250 million at a young age.
45:34 - 48:30 (02:56)
Summary
This episode features a story of a man who bootstrapped his flight show business, sold 53% of the company and made $250 million at a young age. He later starts hanging out with retired pilots who were part of his flight show side business.
EpisodeFive Ways To Make Money, Vice Businesses, Fan Fiction And More
PodcastMy First Million
Shift 4 is a credit card processing company that services restaurants such as Little Caesars and Arby's.
48:30 - 52:11 (03:41)
Summary
Shift 4 is a credit card processing company that services restaurants such as Little Caesars and Arby's. Its strategy involves deploying money and figuring things out by year four.
EpisodeFive Ways To Make Money, Vice Businesses, Fan Fiction And More
PodcastMy First Million
The speaker talks about Elon Musk's SpaceX and his views on Twitter.
52:11 - 57:38 (05:26)
Summary
The speaker talks about Elon Musk's SpaceX and his views on Twitter. Someone mentions the difficulty of obtaining government contracts, but others seem to be enthused about rockets and jets.
EpisodeFive Ways To Make Money, Vice Businesses, Fan Fiction And More
PodcastMy First Million
In this podcast episode, a conversation about raising twins and the challenges that come with it leads to discussing the importance of space sustainability and finding ways to reuse resources.
57:38 - 1:00:12 (02:34)
Summary
In this podcast episode, a conversation about raising twins and the challenges that come with it leads to discussing the importance of space sustainability and finding ways to reuse resources.
EpisodeFive Ways To Make Money, Vice Businesses, Fan Fiction And More
PodcastMy First Million
In this episode, the speaker talks about how some parents change their children's names after realizing that their chosen name doesn't suit them, while others do it for legal reasons, and likens the latter to the state's attempts to catch criminals who flee to other countries.
1:00:07 - 1:03:05 (02:58)
Summary
In this episode, the speaker talks about how some parents change their children's names after realizing that their chosen name doesn't suit them, while others do it for legal reasons, and likens the latter to the state's attempts to catch criminals who flee to other countries.