Episode
#189 - Second-hand E-commerce, Door-to-door Sales, and Live Show Recaps
1:22:10
Published: Wed Jun 09 2021
Description
Sam (@theSamParr) & Shaan (@ShaanVP) discuss second-hand e-commerce, door-to-door sales, and business poised to bounce back after COVID in this episode. They start off the episode recapping the live shows in Miami and Austin which leads them into personal travel and other slingshot business set to rebound after a COVID slump. The guys transition to the Mayweather Paul fight, the infamous Charizard necklace, and to some exciting things happening in the NFT space. They close it out with Shaan sharing ideas on litigation finance, second-hand e-commerce, and a fantastic story on door-to-door sales. --------- * 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: https://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: * (1:16) - Episode Overview * (2:31) - Intro * (5:44) - Recap of Live Shows * (6:55) - Personal travel is crazy right now * (10:10) - Sam & Shaan on slingshot startups * (20:26) - How sports are innovating * (23:09) - Floyd Mayweather vs. Logan Paul * (25:27) - The Charizard Necklace * (27:18) - LaMelo Ball’s NFT collection * (33:55) - What is Ether.Cards * (41:52) - Peter Thiel and litigation finance * (50:22) - Second-hand e-commerce * (1:00:42) - Mega-segment on door-to-door sales * (1:20:11) - Outro
Chapters
The hosts discuss the potential for the slingshot effect, where businesses experience an exponential increase in demand after a period of reduced activity, using their recent investments in event companies as an example.
00:00 - 02:54 (02:54)
Summary
The hosts discuss the potential for the slingshot effect, where businesses experience an exponential increase in demand after a period of reduced activity, using their recent investments in event companies as an example.
Episode#189 - Second-hand E-commerce, Door-to-door Sales, and Live Show Recaps
PodcastMy First Million
This podcast segment highlights the importance of podcast prepping and the various tasks involved, from researching to recording and releasing, and the consequences of not taking it seriously.
02:54 - 05:47 (02:53)
Summary
This podcast segment highlights the importance of podcast prepping and the various tasks involved, from researching to recording and releasing, and the consequences of not taking it seriously.
Episode#189 - Second-hand E-commerce, Door-to-door Sales, and Live Show Recaps
PodcastMy First Million
Remote learning is less enjoyable than being in school, and many people are eager to get back to traveling and doing things in person.
05:47 - 09:54 (04:06)
Summary
Remote learning is less enjoyable than being in school, and many people are eager to get back to traveling and doing things in person. It is likely that remote learning will fade away as soon as people do not have to do it.
Episode#189 - Second-hand E-commerce, Door-to-door Sales, and Live Show Recaps
PodcastMy First Million
The pandemic has created a pent-up demand for companies that adapted to the ongoing changes such as yoga and Pilates studios.
09:54 - 13:50 (03:56)
Summary
The pandemic has created a pent-up demand for companies that adapted to the ongoing changes such as yoga and Pilates studios. These businesses were able to stay afloat and grow while others struggled to stay in business.
Episode#189 - Second-hand E-commerce, Door-to-door Sales, and Live Show Recaps
PodcastMy First Million
This episode encompasses various topics such as dating, physical retail schools, hospitality, and affiliate things related to credit cards.
13:50 - 19:58 (06:07)
Summary
This episode encompasses various topics such as dating, physical retail schools, hospitality, and affiliate things related to credit cards.
Episode#189 - Second-hand E-commerce, Door-to-door Sales, and Live Show Recaps
PodcastMy First Million
Despite losing ticket revenue for a year, professional sports teams are expected to bounce back quickly as they were already a premium in-person experience that fans missed during the pandemic.
19:58 - 25:20 (05:22)
Summary
Despite losing ticket revenue for a year, professional sports teams are expected to bounce back quickly as they were already a premium in-person experience that fans missed during the pandemic. Concerns of people avoiding confined areas due to COVID-19 may impact their return to live events.
Episode#189 - Second-hand E-commerce, Door-to-door Sales, and Live Show Recaps
PodcastMy First Million
The value of a basketball player's rookie card will increase if he wins an MVP award.
25:20 - 31:47 (06:26)
Summary
The value of a basketball player's rookie card will increase if he wins an MVP award. This is similar to a Pokemon card evolving, and like celebrity culture, the greater the player's success, the higher the card's worth.
Episode#189 - Second-hand E-commerce, Door-to-door Sales, and Live Show Recaps
PodcastMy First Million
Ether Cards offer a new spin on the NBA's NFT craze, with customizable trading cards that can evolve and come with additional perks like video calls and endorsement deals.
31:47 - 36:15 (04:27)
Summary
Ether Cards offer a new spin on the NBA's NFT craze, with customizable trading cards that can evolve and come with additional perks like video calls and endorsement deals. The company saw 3 million visitors in its first month, highlighting the popularity and potential of NFTs in the sports world.
Episode#189 - Second-hand E-commerce, Door-to-door Sales, and Live Show Recaps
PodcastMy First Million
Protocols like MFM Packs and Visualize Value allow creators to offer unique products like NBA card packs with a one-hour business coaching session included.
36:15 - 41:00 (04:45)
Summary
Protocols like MFM Packs and Visualize Value allow creators to offer unique products like NBA card packs with a one-hour business coaching session included. By assigning probabilities to each possible card, creators can offer valuable rewards without sacrificing revenue.
Episode#189 - Second-hand E-commerce, Door-to-door Sales, and Live Show Recaps
PodcastMy First Million
The founders of a litigation funding platform aim to make the industry more efficient by underwriting the chances of success in class action lawsuits, helping to manage risk to investors.
41:00 - 46:18 (05:17)
Summary
The founders of a litigation funding platform aim to make the industry more efficient by underwriting the chances of success in class action lawsuits, helping to manage risk to investors. The platform has raised $6m so far and is undergoing beta testing.
Episode#189 - Second-hand E-commerce, Door-to-door Sales, and Live Show Recaps
PodcastMy First Million
In the process of building successful teams, it's essential to identify key attributes that are needed for every individual.
46:18 - 49:11 (02:53)
Summary
In the process of building successful teams, it's essential to identify key attributes that are needed for every individual. These attributes can help you determine the strengths of a person and highlight the value they bring to the entire team.
Episode#189 - Second-hand E-commerce, Door-to-door Sales, and Live Show Recaps
PodcastMy First Million
The speaker talks about his experience in building a brand, and his involvement with the Club LTV community.
49:11 - 51:37 (02:25)
Summary
The speaker talks about his experience in building a brand, and his involvement with the Club LTV community. He also mentions the success of e-commerce sites, Thread Up and Spoken Hustle Con.
Episode#189 - Second-hand E-commerce, Door-to-door Sales, and Live Show Recaps
PodcastMy First Million
The speaker shares tips on how to avoid scams and safely buy or sell items online, including searching for the brand name on Facebook and using platforms such as Poshmark and Mercari.
51:37 - 55:11 (03:33)
Summary
The speaker shares tips on how to avoid scams and safely buy or sell items online, including searching for the brand name on Facebook and using platforms such as Poshmark and Mercari.
Episode#189 - Second-hand E-commerce, Door-to-door Sales, and Live Show Recaps
PodcastMy First Million
The traditional online reselling process of invoicing and selling via Facebook groups is now made easy through the use of reselling apps.
55:11 - 58:31 (03:19)
Summary
The traditional online reselling process of invoicing and selling via Facebook groups is now made easy through the use of reselling apps.
Episode#189 - Second-hand E-commerce, Door-to-door Sales, and Live Show Recaps
PodcastMy First Million
The hosts discuss the ethical considerations of buying used clothes and how it affects the fashion industry.
58:31 - 1:00:45 (02:14)
Summary
The hosts discuss the ethical considerations of buying used clothes and how it affects the fashion industry. They also touch upon the strategy of Patagonia's CEO to encourage customers to buy less and the emergence of centralized marketplaces for buying and selling used clothes.
Episode#189 - Second-hand E-commerce, Door-to-door Sales, and Live Show Recaps
PodcastMy First Million
The podcast discusses the work of Brian Johnson who uses brainwave monitoring to gain financial capital to work on world-changing problems.
1:00:45 - 1:04:04 (03:18)
Summary
The podcast discusses the work of Brian Johnson who uses brainwave monitoring to gain financial capital to work on world-changing problems.
Episode#189 - Second-hand E-commerce, Door-to-door Sales, and Live Show Recaps
PodcastMy First Million
A former door to door salesman explains how the experience builds determination, expertise in getting someone's attention and selling products, while giving an example of a company that sells books door to door.
1:04:04 - 1:09:17 (05:13)
Summary
A former door to door salesman explains how the experience builds determination, expertise in getting someone's attention and selling products, while giving an example of a company that sells books door to door.
Episode#189 - Second-hand E-commerce, Door-to-door Sales, and Live Show Recaps
PodcastMy First Million
The guest talks about door-to-door sales techniques, including how to make yourself seem less threatening and the proper way to approach a door.
1:09:18 - 1:13:36 (04:17)
Summary
The guest talks about door-to-door sales techniques, including how to make yourself seem less threatening and the proper way to approach a door.
Episode#189 - Second-hand E-commerce, Door-to-door Sales, and Live Show Recaps
PodcastMy First Million
The speaker shares his sales technique of scheduling same day follow ups in order to build familiarity with the prospect and increase the chances of a successful sale.
1:13:36 - 1:16:29 (02:53)
Summary
The speaker shares his sales technique of scheduling same day follow ups in order to build familiarity with the prospect and increase the chances of a successful sale.
Episode#189 - Second-hand E-commerce, Door-to-door Sales, and Live Show Recaps
PodcastMy First Million
The podcast host shares his appreciation for door-to-door sales and how he believes they are the best salespeople to hire.
1:16:29 - 1:19:33 (03:03)
Summary
The podcast host shares his appreciation for door-to-door sales and how he believes they are the best salespeople to hire. He shares a personal story of how one man's success in door-to-door sales led him to become a close friend of a former customer.
Episode#189 - Second-hand E-commerce, Door-to-door Sales, and Live Show Recaps
PodcastMy First Million
Direct sales companies thrive in Utah due to the pool of talented individuals who have experience in sales, including Mormons who go on missions and learn how to sell religion to reluctant prospects.
1:19:33 - 1:20:53 (01:20)
Summary
Direct sales companies thrive in Utah due to the pool of talented individuals who have experience in sales, including Mormons who go on missions and learn how to sell religion to reluctant prospects.