Episode
#171 - How to Generate Millions from Paid Events (Bootstrapped)
1:05:50
Published: Fri Apr 16 2021
Description
Shaan (@ShaanVP) and Sam (@TheSamParr) break down the events business step-by-step. Sam explains how he grew HustleCon from nothing into a powerhouse. Sam shares numbers and the techniques he used to generate sales and keep costs low. It's a masterclass on how to run an events business. The guys also discuss the "Billie of the Week" Sam Bankman-Fried, and how he became a billionaire at 29 from crypto. At the end, they brainstorm on the idea of "accountability coaching for X". --------- * Want to be featured in a future episode? Drop your question/comment/criticism/love here: https://www.mfmpod.com/p/hotline/ * Support the pod by spreading the word, become a referrer here: refer.fm/million * Have you joined our private Facebook group yet? Go to https://www.facebook.com/groups/ourfirstmillion and join thousands of other entrepreneurs and founders scheming up ideas. --------- Show notes: * (1:20) The amazing story of how Sam Bankman-Fried made his fortune by the age of 29 * (14:01) How a gambler beat Vegas and a kid took over the internet * (22:27) Sam explains how to run and scale a profitable event step-by-step * (47:07) Brainstorming on "accountability coaching for X"
Chapters
The podcast discusses the benefits of using automation tools for event planning, including streamlining tedious tasks and ensuring access to important data for the entire team.
00:00 - 02:08 (02:08)
Summary
The podcast discusses the benefits of using automation tools for event planning, including streamlining tedious tasks and ensuring access to important data for the entire team. They also discuss the topic of paid events.
Episode#171 - How to Generate Millions from Paid Events (Bootstrapped)
PodcastMy First Million
This podcast episode features a discussion on Bitcoin trading and the strategy used by some traders to capture the "Kimchi Premium."
02:08 - 08:26 (06:17)
Summary
This podcast episode features a discussion on Bitcoin trading and the strategy used by some traders to capture the "Kimchi Premium." The guest on the show shares his calculations and plans to make a profit from converting Bitcoin to local currency in several Asian countries.
Episode#171 - How to Generate Millions from Paid Events (Bootstrapped)
PodcastMy First Million
An individual dedicated a year or more of his time to identify and capitalize on one arbitrage opportunity, making hundreds of millions of dollars and eventually garnering a $10 billion paper net worth.
08:26 - 12:47 (04:21)
Summary
An individual dedicated a year or more of his time to identify and capitalize on one arbitrage opportunity, making hundreds of millions of dollars and eventually garnering a $10 billion paper net worth.
Episode#171 - How to Generate Millions from Paid Events (Bootstrapped)
PodcastMy First Million
The first half of sports games usually have lower scores than the second half due to the team that's losing starting to foul.
12:47 - 17:21 (04:34)
Summary
The first half of sports games usually have lower scores than the second half due to the team that's losing starting to foul. Be cautious of investment scams when someone promises great stock tips for a low price and has a history of resorting to illegal tactics.
Episode#171 - How to Generate Millions from Paid Events (Bootstrapped)
PodcastMy First Million
A man invests in Twitter accounts to make a profit using accounts like "Today in History" or "Shit Freshmen Say" to obtain a large following and sell for a profit.
17:21 - 21:56 (04:35)
Summary
A man invests in Twitter accounts to make a profit using accounts like "Today in History" or "Shit Freshmen Say" to obtain a large following and sell for a profit.
Episode#171 - How to Generate Millions from Paid Events (Bootstrapped)
PodcastMy First Million
Social Starts, a company started by a 21-year-old, grew into a successful business with unique features such as an office playpen, and has become an inspiration for aspiring entrepreneurs.
21:56 - 25:14 (03:17)
Summary
Social Starts, a company started by a 21-year-old, grew into a successful business with unique features such as an office playpen, and has become an inspiration for aspiring entrepreneurs.
Episode#171 - How to Generate Millions from Paid Events (Bootstrapped)
PodcastMy First Million
The speaker shares insights on how to make at least $100,000 profit in 8 weeks by dedicating 40 hours a week into event planning, targeting the upcoming events and conferences months from now.
25:14 - 29:16 (04:02)
Summary
The speaker shares insights on how to make at least $100,000 profit in 8 weeks by dedicating 40 hours a week into event planning, targeting the upcoming events and conferences months from now. Writing a biography on a reputed person in business publications and using Business Insider, Forbes, and other email lists' sources can increase your email list dramatically.
Episode#171 - How to Generate Millions from Paid Events (Bootstrapped)
PodcastMy First Million
The key to a successful pricing strategy is to be generous with discounts while charging a high price to anchor it.
29:16 - 31:47 (02:31)
Summary
The key to a successful pricing strategy is to be generous with discounts while charging a high price to anchor it. To earn $100,000, an entrepreneur should get 1000 people to pay $100 or fewer, with early bird, early early bird and middle bird discounts to attract high-quality traffic.
Episode#171 - How to Generate Millions from Paid Events (Bootstrapped)
PodcastMy First Million
This is an advertisement for the Side Hustle Pro Podcast, hosted by Nikkaela Matthews-Akome, which is part of the HubSpot Podcast Network.
31:48 - 37:28 (05:40)
Summary
This is an advertisement for the Side Hustle Pro Podcast, hosted by Nikkaela Matthews-Akome, which is part of the HubSpot Podcast Network.
Episode#171 - How to Generate Millions from Paid Events (Bootstrapped)
PodcastMy First Million
The costs of union fees, catering, and venue rentals for events can add up quickly, often costing 2x the hard cost of the venue alone, making it important to be mindful of contracts and pricing before booking.
37:28 - 40:13 (02:45)
Summary
The costs of union fees, catering, and venue rentals for events can add up quickly, often costing 2x the hard cost of the venue alone, making it important to be mindful of contracts and pricing before booking.
Episode#171 - How to Generate Millions from Paid Events (Bootstrapped)
PodcastMy First Million
The speaker shares how to create a conference for your niche interest, such as biohacking, by identifying the experts in the field and offering them paid speaking opportunities.
40:13 - 44:21 (04:08)
Summary
The speaker shares how to create a conference for your niche interest, such as biohacking, by identifying the experts in the field and offering them paid speaking opportunities. This could be offered as a consultant or course.
Episode#171 - How to Generate Millions from Paid Events (Bootstrapped)
PodcastMy First Million
The value of attending events like HustleCon isn't just about consuming content, it's about the serendipity and experience of being around like-minded people.
44:21 - 50:51 (06:29)
Summary
The value of attending events like HustleCon isn't just about consuming content, it's about the serendipity and experience of being around like-minded people. The same applies to platforms like Coursera - people aren't just looking for the content, they're looking for the experience of attending a prestigious institution like Harvard.
Episode#171 - How to Generate Millions from Paid Events (Bootstrapped)
PodcastMy First Million
Having someone to report to and stay accountable to is important in maintaining a schedule or routine, whether it be for sleep or exercise.
50:51 - 54:19 (03:28)
Summary
Having someone to report to and stay accountable to is important in maintaining a schedule or routine, whether it be for sleep or exercise.
Episode#171 - How to Generate Millions from Paid Events (Bootstrapped)
PodcastMy First Million
The speaker suggests reflecting on daily performance by considering what could have been done better or what made any successful task successful.
54:19 - 1:01:03 (06:43)
Summary
The speaker suggests reflecting on daily performance by considering what could have been done better or what made any successful task successful. A daily reminder to focus on goals is also recommended.
Episode#171 - How to Generate Millions from Paid Events (Bootstrapped)
PodcastMy First Million
Coach.me CEO, Tony Stubblebine, discusses the rise of accountability coaching in various aspects of life such as fitness, diet, work, and relationships.
1:01:03 - 1:04:40 (03:36)
Summary
Coach.me CEO, Tony Stubblebine, discusses the rise of accountability coaching in various aspects of life such as fitness, diet, work, and relationships.
Episode#171 - How to Generate Millions from Paid Events (Bootstrapped)
PodcastMy First Million
This podcast discusses the importance of efficient communication in family conversations, where speakers do not waste time in conveying their message and assume that the listener is aware of their schedule, leading to effective communication.
1:04:40 - 1:05:37 (00:57)
Summary
This podcast discusses the importance of efficient communication in family conversations, where speakers do not waste time in conveying their message and assume that the listener is aware of their schedule, leading to effective communication.