Episode
#85 - Why Privacy is Big Business and the Multi-Million Dollar Ideas Hidden in Plain Sight
52:57
Published: Wed Jun 24 2020
Description
Joined our private FB group yet? It's a page where people share each others million dollar ideas or what they're already working on: https://www.facebook.com/groups/ourfirstmillion. Episode summary: Privacy Based Businesses (14:20) Opportunities “Hidden in Plain Sight” (18:29) Unclaimed Baggage unclaimedbaggage.com (22:50) “Costco for services” idea (28:55), Income Share Agreements (37:00) Simple websites doing $100k/mo (39:10) Sam and Shaan get a little philosophical about if you should spend time investing or building (44:40) See acast.com/privacy for privacy and opt-out information.
Chapters
The host discusses how having a supportive spouse can facilitate unconventional life plans, and how the concept of "unconventional" may vary between cultures.
00:00 - 02:37 (02:37)
Summary
The host discusses how having a supportive spouse can facilitate unconventional life plans, and how the concept of "unconventional" may vary between cultures.
Episode#85 - Why Privacy is Big Business and the Multi-Million Dollar Ideas Hidden in Plain Sight
PodcastMy First Million
The speaker shares their experience of feeling emotionally impulsive and extreme during their partner's pregnancy, discussing their inclination to do wild things and the thoughts that went through their mind.
02:37 - 05:09 (02:31)
Summary
The speaker shares their experience of feeling emotionally impulsive and extreme during their partner's pregnancy, discussing their inclination to do wild things and the thoughts that went through their mind.
Episode#85 - Why Privacy is Big Business and the Multi-Million Dollar Ideas Hidden in Plain Sight
PodcastMy First Million
The effectiveness of ads does not depend on the use of personal data, therefore privacy should be a main feature of product building.
05:09 - 09:54 (04:45)
Summary
The effectiveness of ads does not depend on the use of personal data, therefore privacy should be a main feature of product building. Personal data is not necessary for search ads to be effective.
Episode#85 - Why Privacy is Big Business and the Multi-Million Dollar Ideas Hidden in Plain Sight
PodcastMy First Million
The speaker discusses his libertarian beliefs and the negative impact of ad tracking on individuals’ privacy, citing the example of the CEO of Expedia receiving an ad about his deceased wife playing a game.
09:54 - 15:07 (05:13)
Summary
The speaker discusses his libertarian beliefs and the negative impact of ad tracking on individuals’ privacy, citing the example of the CEO of Expedia receiving an ad about his deceased wife playing a game. He compares the ad market to the porn industry, in terms of innovation.
Episode#85 - Why Privacy is Big Business and the Multi-Million Dollar Ideas Hidden in Plain Sight
PodcastMy First Million
The speaker discusses some tech products which are not well-known, but profitable.
15:07 - 18:26 (03:19)
Summary
The speaker discusses some tech products which are not well-known, but profitable. Some products may be complicated to set up, but they generate revenue in the long run.
Episode#85 - Why Privacy is Big Business and the Multi-Million Dollar Ideas Hidden in Plain Sight
PodcastMy First Million
There's a potential business idea in matching up physical buildings like schools or churches that want to go solar but don't have the money to do so, with companies looking for tax write-offs that are willing to fund the solar panels in exchange for the write-offs.
18:27 - 21:23 (02:56)
Summary
There's a potential business idea in matching up physical buildings like schools or churches that want to go solar but don't have the money to do so, with companies looking for tax write-offs that are willing to fund the solar panels in exchange for the write-offs.
Episode#85 - Why Privacy is Big Business and the Multi-Million Dollar Ideas Hidden in Plain Sight
PodcastMy First Million
The episode explores the ups and downs of scrappy entrepreneurs and how sometimes businesses make costly decisions without even realizing it.
21:23 - 25:19 (03:56)
Summary
The episode explores the ups and downs of scrappy entrepreneurs and how sometimes businesses make costly decisions without even realizing it.
Episode#85 - Why Privacy is Big Business and the Multi-Million Dollar Ideas Hidden in Plain Sight
PodcastMy First Million
The podcast host talks about his passion for reducing waste and discusses the value of simple business ideas that most people take for granted.
25:19 - 29:40 (04:20)
Summary
The podcast host talks about his passion for reducing waste and discusses the value of simple business ideas that most people take for granted.
Episode#85 - Why Privacy is Big Business and the Multi-Million Dollar Ideas Hidden in Plain Sight
PodcastMy First Million
The speaker discusses using group buying tactics to negotiate pricing tiers with SAAS companies for discounts and creating a website where people can claim those discounts.
29:40 - 33:24 (03:43)
Summary
The speaker discusses using group buying tactics to negotiate pricing tiers with SAAS companies for discounts and creating a website where people can claim those discounts.
Episode#85 - Why Privacy is Big Business and the Multi-Million Dollar Ideas Hidden in Plain Sight
PodcastMy First Million
Income share agreements are becoming more popular as a way to fund education without relying on traditional student loans, though they are not without controversy.
33:24 - 39:59 (06:34)
Summary
Income share agreements are becoming more popular as a way to fund education without relying on traditional student loans, though they are not without controversy.
Episode#85 - Why Privacy is Big Business and the Multi-Million Dollar Ideas Hidden in Plain Sight
PodcastMy First Million
The speaker expresses their boredom and disinterest in financial arbitrage and their confusion towards friends who create websites just to sell products.
39:59 - 43:23 (03:24)
Summary
The speaker expresses their boredom and disinterest in financial arbitrage and their confusion towards friends who create websites just to sell products. They found the discovery of Agent Fire and their little hacks to be a goldmine of information.
Episode#85 - Why Privacy is Big Business and the Multi-Million Dollar Ideas Hidden in Plain Sight
PodcastMy First Million
The argument for sometimes thinking investing would be stupid is when the amount of money you make every year won't change your life and you're locking up your money.
43:23 - 47:24 (04:00)
Summary
The argument for sometimes thinking investing would be stupid is when the amount of money you make every year won't change your life and you're locking up your money. Instead, selling some of your stock and giving yourself a shot at trying to build something you believe in is a smarter choice.
Episode#85 - Why Privacy is Big Business and the Multi-Million Dollar Ideas Hidden in Plain Sight
PodcastMy First Million
The speaker is more interested in helping people make better decisions and improving their lives, than in maximizing profits for a service.
47:24 - 51:38 (04:13)
Summary
The speaker is more interested in helping people make better decisions and improving their lives, than in maximizing profits for a service.
Episode#85 - Why Privacy is Big Business and the Multi-Million Dollar Ideas Hidden in Plain Sight
PodcastMy First Million
In your twenties, you're often focused on feeding your ego by partying, making friends, dating, and establishing yourself in your career.
51:38 - 52:55 (01:16)
Summary
In your twenties, you're often focused on feeding your ego by partying, making friends, dating, and establishing yourself in your career. Your thirties may be focused on figuring out that your ego will never be completely full, and instead focusing on practical things like making money.