Episode
#40 - Paid Courses with Tom Wang, Barstool Acquisition & New Startup Hubs
47:47
Published: Fri Jan 31 2020
Description
*** JOIN OUR FACEBOOK GROUP for share ideas and insight with each other: www.facebook.com/groups/ourfirstmillion *** Today we first chat to Tom Wang, who has sold a 7 figure Amazon FBA biz + runs a 7 figure FBA Masterclass. Some stuff the guys talk about today is Utah as a new startup hub, Sam ignoring Andrew Yang before he became a democratic candidate, a social network built on Airpods, dry toothpaste, emergency bags, educational content and the recent Barstool acquisition. See acast.com/privacy for privacy and opt-out information.
Chapters
The speaker shares their experience of receiving help from a successful course creator, and also introduces a helpful tool for business management.
00:00 - 01:55 (01:55)
Summary
The speaker shares their experience of receiving help from a successful course creator, and also introduces a helpful tool for business management.
Episode#40 - Paid Courses with Tom Wang, Barstool Acquisition & New Startup Hubs
PodcastMy First Million
The speaker is in the process of selling a 7 figure FBA business and has a 7 figure course that teaches how to start an FBA business.
01:55 - 06:32 (04:37)
Summary
The speaker is in the process of selling a 7 figure FBA business and has a 7 figure course that teaches how to start an FBA business.
Episode#40 - Paid Courses with Tom Wang, Barstool Acquisition & New Startup Hubs
PodcastMy First Million
The speaker documents his journey to making money and finds that his authenticity and genuineness on social media attracts a large following.
06:32 - 10:32 (03:59)
Summary
The speaker documents his journey to making money and finds that his authenticity and genuineness on social media attracts a large following. He criticizes the idea that those selling courses on how to make money know the secret and believes that anyone truly successful would just be doing it without needing to sell a course.
Episode#40 - Paid Courses with Tom Wang, Barstool Acquisition & New Startup Hubs
PodcastMy First Million
The fear of being perceived as sleazy or not feeling worthy enough to ask for a high price are two common obstacles entrepreneurs face when charging for their expertise.
10:32 - 14:32 (03:59)
Summary
The fear of being perceived as sleazy or not feeling worthy enough to ask for a high price are two common obstacles entrepreneurs face when charging for their expertise. However, charging a lower price and serving more clients can be a viable business strategy.
Episode#40 - Paid Courses with Tom Wang, Barstool Acquisition & New Startup Hubs
PodcastMy First Million
The speaker shares their positive impression of Tom's business model for events, where he was able to consistently draw in a hundred people every month, and emphasizes the value of such a strategy.
14:32 - 17:43 (03:11)
Summary
The speaker shares their positive impression of Tom's business model for events, where he was able to consistently draw in a hundred people every month, and emphasizes the value of such a strategy.
Episode#40 - Paid Courses with Tom Wang, Barstool Acquisition & New Startup Hubs
PodcastMy First Million
The speaker discusses a man with a business background who knew several GMAT guys and predicted a person named Eric running for president.
17:43 - 20:31 (02:47)
Summary
The speaker discusses a man with a business background who knew several GMAT guys and predicted a person named Eric running for president.
Episode#40 - Paid Courses with Tom Wang, Barstool Acquisition & New Startup Hubs
PodcastMy First Million
Companies such as Domo, Skullcandy, Stance Socks have a strong presence in the Mormon Valley where the business network effect between members is strong and based on the sales persuasion skills learned through religious missions.
20:31 - 23:17 (02:45)
Summary
Companies such as Domo, Skullcandy, Stance Socks have a strong presence in the Mormon Valley where the business network effect between members is strong and based on the sales persuasion skills learned through religious missions.
Episode#40 - Paid Courses with Tom Wang, Barstool Acquisition & New Startup Hubs
PodcastMy First Million
This podcast discusses the popularity of secret social networks, particularly amongst younger generations, and how foreign policy fears around Chinese companies may lead to a shift between networks.
23:17 - 27:23 (04:05)
Summary
This podcast discusses the popularity of secret social networks, particularly amongst younger generations, and how foreign policy fears around Chinese companies may lead to a shift between networks.
Episode#40 - Paid Courses with Tom Wang, Barstool Acquisition & New Startup Hubs
PodcastMy First Million
A new dry toothpaste tablet that doesn't use harsh chemicals is now available.
27:23 - 30:45 (03:22)
Summary
A new dry toothpaste tablet that doesn't use harsh chemicals is now available. In addition, a sustainability effort in prisons is underway to reduce toothpaste bottle waste.
Episode#40 - Paid Courses with Tom Wang, Barstool Acquisition & New Startup Hubs
PodcastMy First Million
The To Go Bag is an emergency kit that is tailored to the specific disaster threats in your area.
30:45 - 32:24 (01:39)
Summary
The To Go Bag is an emergency kit that is tailored to the specific disaster threats in your area. The company uses data to predict disaster types by region, making it easier to prepare for an emergency.
Episode#40 - Paid Courses with Tom Wang, Barstool Acquisition & New Startup Hubs
PodcastMy First Million
The podcast host expresses skepticism about a new idea in education but acknowledges that he may be proven wrong.
32:24 - 34:46 (02:21)
Summary
The podcast host expresses skepticism about a new idea in education but acknowledges that he may be proven wrong. He discusses the benefits of exposing kids to the world of business at a young age.
Episode#40 - Paid Courses with Tom Wang, Barstool Acquisition & New Startup Hubs
PodcastMy First Million
Schoolhouse.world is a trivia-style, science education as a service tool that helps elementary school teachers make science education engaging and interactive.
34:46 - 38:42 (03:56)
Summary
Schoolhouse.world is a trivia-style, science education as a service tool that helps elementary school teachers make science education engaging and interactive. By providing science games that can be used in the classroom, Schoolhouse.world is bringing excitement to science education in schools.
Episode#40 - Paid Courses with Tom Wang, Barstool Acquisition & New Startup Hubs
PodcastMy First Million
The company that dominates the cheerleading uniform market is expanding into other niches, but not without controversy.
38:43 - 41:04 (02:21)
Summary
The company that dominates the cheerleading uniform market is expanding into other niches, but not without controversy. Meanwhile, another company is leading the charge in direct-to-consumer scrubs online.
Episode#40 - Paid Courses with Tom Wang, Barstool Acquisition & New Startup Hubs
PodcastMy First Million
Scrubs manufacturer achieved incredible success by leveraging a direct-to-consumer model, eliciting customer loyalty, and building an efficient supply chain.
41:05 - 43:59 (02:54)
Summary
Scrubs manufacturer achieved incredible success by leveraging a direct-to-consumer model, eliciting customer loyalty, and building an efficient supply chain. Despite their meteoric rise, the company is still grappling with challenges common to growing businesses.
Episode#40 - Paid Courses with Tom Wang, Barstool Acquisition & New Startup Hubs
PodcastMy First Million
In this episode, the speaker discusses the unprofitable big companies that have raised a lot of money and how they are viewed by corporate committees.
43:59 - 46:32 (02:32)
Summary
In this episode, the speaker discusses the unprofitable big companies that have raised a lot of money and how they are viewed by corporate committees. They also discuss the different paths to building a successful business and why some big companies refuse to acquire certain businesses.
Episode#40 - Paid Courses with Tom Wang, Barstool Acquisition & New Startup Hubs
PodcastMy First Million
The podcast has reached one million listens or is plus or minus 10 percent from that number, marking a great milestone after six months of effort.
46:32 - 47:45 (01:12)
Summary
The podcast has reached one million listens or is plus or minus 10 percent from that number, marking a great milestone after six months of effort. The hosts suggest that listeners communicate their desire for more content.