Episode
Two Side Hustle Ideas, The Top Trait of Successful Entrepreneurs, Building a Compound with your Friends, and More
1:09:19
Published: Thu Mar 24 2022
Description
Shaan Puri (@ShaanVP) and Sam Parr (@TheSamParr) talk about how to identify trends, whether it's possible to get ultra-wealthy from cash flow businesses, why they enjoy doing hood rat stuff, and more. ----- Links: * 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: (03:00) - Dan Porter (25:00) - The meaning of brand (19:40) - Two side hustle ideas: ballin' doctors and family legacy summit (45:30) - Why big companies have terrible landing pages (01:00:30) - Overtime: Ben's dream and building compounds ----- 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
The speaker describes receiving messages from anonymous individuals claiming to have expertise in cybersecurity, one of whom is said to be from Israel.
00:00 - 02:51 (02:51)
Summary
The speaker describes receiving messages from anonymous individuals claiming to have expertise in cybersecurity, one of whom is said to be from Israel.
EpisodeTwo Side Hustle Ideas, The Top Trait of Successful Entrepreneurs, Building a Compound with your Friends, and More
PodcastMy First Million
This podcast episode talks about the founder of OMG Pop and how the company almost shutdown, but the founder convinced the investors to let him take one more shot at it.
02:51 - 05:41 (02:49)
Summary
This podcast episode talks about the founder of OMG Pop and how the company almost shutdown, but the founder convinced the investors to let him take one more shot at it.
EpisodeTwo Side Hustle Ideas, The Top Trait of Successful Entrepreneurs, Building a Compound with your Friends, and More
PodcastMy First Million
The podcast host speaks with a game developer who shares stories and industry insights, including the impact of bugs on game development and the importance of understanding human psychology.
05:41 - 08:22 (02:41)
Summary
The podcast host speaks with a game developer who shares stories and industry insights, including the impact of bugs on game development and the importance of understanding human psychology.
EpisodeTwo Side Hustle Ideas, The Top Trait of Successful Entrepreneurs, Building a Compound with your Friends, and More
PodcastMy First Million
The acquisition of Peak Games by Zynga took approximately a month to complete, despite the intensive work of legal teams.
08:22 - 14:29 (06:06)
Summary
The acquisition of Peak Games by Zynga took approximately a month to complete, despite the intensive work of legal teams. The deal was announced around the time of a slow growth quarter for Zynga.
EpisodeTwo Side Hustle Ideas, The Top Trait of Successful Entrepreneurs, Building a Compound with your Friends, and More
PodcastMy First Million
The importance of having a well thought-out business strategy alongside a pitch deck in order to present a great business story to potential investors is discussed in this podcast episode.
14:29 - 17:46 (03:16)
Summary
The importance of having a well thought-out business strategy alongside a pitch deck in order to present a great business story to potential investors is discussed in this podcast episode.
EpisodeTwo Side Hustle Ideas, The Top Trait of Successful Entrepreneurs, Building a Compound with your Friends, and More
PodcastMy First Million
A plumber by weekdays, the founder of Overtime came up with the idea of creating his own version of the NCAA called Overtime League to post game clips even faster to capture the attention of younger audiences, making the brand a multimillion-dollar empire.
17:46 - 23:42 (05:55)
Summary
A plumber by weekdays, the founder of Overtime came up with the idea of creating his own version of the NCAA called Overtime League to post game clips even faster to capture the attention of younger audiences, making the brand a multimillion-dollar empire.
EpisodeTwo Side Hustle Ideas, The Top Trait of Successful Entrepreneurs, Building a Compound with your Friends, and More
PodcastMy First Million
The speaker discusses how his company used symbols and responses to direct messages on social media to market its brand effectively.
23:42 - 26:48 (03:06)
Summary
The speaker discusses how his company used symbols and responses to direct messages on social media to market its brand effectively.
EpisodeTwo Side Hustle Ideas, The Top Trait of Successful Entrepreneurs, Building a Compound with your Friends, and More
PodcastMy First Million
The enjoyment factor in podcasts is essential to keep listeners engaged, unlike the traditional stilted Q&A style of podcasts.
26:48 - 31:16 (04:28)
Summary
The enjoyment factor in podcasts is essential to keep listeners engaged, unlike the traditional stilted Q&A style of podcasts. A recent conversation between Laura Bilotta and her guest highlighted the idea that a podcast's brand is not about logos or images, but the quality of the conversation.
EpisodeTwo Side Hustle Ideas, The Top Trait of Successful Entrepreneurs, Building a Compound with your Friends, and More
PodcastMy First Million
The speaker is hosting a seminar for doctors on how to manage the business aspect of their work, including a detailed guide with templates.
31:16 - 37:51 (06:34)
Summary
The speaker is hosting a seminar for doctors on how to manage the business aspect of their work, including a detailed guide with templates.
EpisodeTwo Side Hustle Ideas, The Top Trait of Successful Entrepreneurs, Building a Compound with your Friends, and More
PodcastMy First Million
Many businesses owned by boomers would benefit from being passed down to their children, but it's not always a simple process.
37:51 - 43:02 (05:11)
Summary
Many businesses owned by boomers would benefit from being passed down to their children, but it's not always a simple process. A master's program or mentorship could be useful to ensure a smooth transition.
EpisodeTwo Side Hustle Ideas, The Top Trait of Successful Entrepreneurs, Building a Compound with your Friends, and More
PodcastMy First Million
The speaker unexpectedly invested $200,000 in a company that also offered him an advisory grant to match the investment.
43:02 - 46:04 (03:02)
Summary
The speaker unexpectedly invested $200,000 in a company that also offered him an advisory grant to match the investment.
EpisodeTwo Side Hustle Ideas, The Top Trait of Successful Entrepreneurs, Building a Compound with your Friends, and More
PodcastMy First Million
The speakers discuss how a company's value increases by acquiring local journalism businesses to help journalism and eliminate ads, which results in increased revenue.
46:04 - 48:55 (02:50)
Summary
The speakers discuss how a company's value increases by acquiring local journalism businesses to help journalism and eliminate ads, which results in increased revenue.
EpisodeTwo Side Hustle Ideas, The Top Trait of Successful Entrepreneurs, Building a Compound with your Friends, and More
PodcastMy First Million
The importance of effective copywriting for landing pages is discussed, including the impact on revenue and the need to capture the attention of new customers.
48:55 - 52:40 (03:45)
Summary
The importance of effective copywriting for landing pages is discussed, including the impact on revenue and the need to capture the attention of new customers. Examples from successful companies such as Vimeo and The Motley Fool are used to illustrate these points.
EpisodeTwo Side Hustle Ideas, The Top Trait of Successful Entrepreneurs, Building a Compound with your Friends, and More
PodcastMy First Million
The correct arrangement and presentation of information in media and e-commerce is crucial to ensure effective communication and increased conversions.
52:40 - 56:15 (03:34)
Summary
The correct arrangement and presentation of information in media and e-commerce is crucial to ensure effective communication and increased conversions. The use of information hierarchy is particularly essential in e-commerce for commercial success.
EpisodeTwo Side Hustle Ideas, The Top Trait of Successful Entrepreneurs, Building a Compound with your Friends, and More
PodcastMy First Million
A man gives away 10-20 iPhones to attract 70,000 concurrent viewers and dramatically increase his Twitch channel's subscriber count.
56:15 - 1:00:15 (04:00)
Summary
A man gives away 10-20 iPhones to attract 70,000 concurrent viewers and dramatically increase his Twitch channel's subscriber count.
EpisodeTwo Side Hustle Ideas, The Top Trait of Successful Entrepreneurs, Building a Compound with your Friends, and More
PodcastMy First Million
The podcast discusses the pricing control of the glasses market and mentions Warby Parker, a company offering glasses for a more affordable price point.
1:00:15 - 1:03:01 (02:45)
Summary
The podcast discusses the pricing control of the glasses market and mentions Warby Parker, a company offering glasses for a more affordable price point. The speaker also references a potential upsell strategy used by the company.
EpisodeTwo Side Hustle Ideas, The Top Trait of Successful Entrepreneurs, Building a Compound with your Friends, and More
PodcastMy First Million
The speaker shares their idea of creating a cluster of 10-20 homes with a shared gym and pool, where friends can live closer to each other and have a space for communal activities.
1:03:01 - 1:06:03 (03:02)
Summary
The speaker shares their idea of creating a cluster of 10-20 homes with a shared gym and pool, where friends can live closer to each other and have a space for communal activities.
EpisodeTwo Side Hustle Ideas, The Top Trait of Successful Entrepreneurs, Building a Compound with your Friends, and More
PodcastMy First Million
The speaker emphasizes the importance of prioritizing relationships with people who make them happy, citing examples of young, single people that they want to do life with, and the positive effects of spending time with loved ones.
1:06:04 - 1:08:08 (02:03)
Summary
The speaker emphasizes the importance of prioritizing relationships with people who make them happy, citing examples of young, single people that they want to do life with, and the positive effects of spending time with loved ones.