Episode
#201 - Why You Should Spend 5x Your Budget on an Engagement Ring
1:01:25
Published: Fri Jul 16 2021
Description
In this episode Sam (@theSamParr) and Shaan (@ShaanVP) break down different Micro-SaaS and P2P marketplace companies. They also talk about changes we'll see in advertising, a non-profit that is an alternative to Substack/Wordpress, and IKEA Hacking. They end the episode talking about when it makes sense to have an unlimited budget for something. --------- * 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: * (:49) Intro * (2:00) What's going on with iOS privacy settings * (8:59) The future of advertising * (12:32) Ghost.org - Wordpress meets Substack * (17:10) IKEA Hacking * (28:39) The $400 million fitness influencer app * (32:01) Micro-SaaS tools that help you win * (37:25) BabyQuip.com - a P2P rental marketplace for parents on vacation * (41:37) Teachers paying teachers * (48:06) What regrets will you have at 90? * (57:58) The unlimited travel budget
Chapters
This podcast episode covers the business potential of IKEA hacking, the promising future of Ghost.org, and eight wonderful ideas for entrepreneurs.
00:00 - 02:08 (02:08)
Summary
This podcast episode covers the business potential of IKEA hacking, the promising future of Ghost.org, and eight wonderful ideas for entrepreneurs.
Episode#201 - Why You Should Spend 5x Your Budget on an Engagement Ring
PodcastMy First Million
The Apple Store Photographer installed an app on 50 computers that automatically took pictures of anyone using them, publishing them as an art project to demonstrate a world without privacy.
02:08 - 06:29 (04:20)
Summary
The Apple Store Photographer installed an app on 50 computers that automatically took pictures of anyone using them, publishing them as an art project to demonstrate a world without privacy. The challenge presented now is finding different problems and ways to solve them.
Episode#201 - Why You Should Spend 5x Your Budget on an Engagement Ring
PodcastMy First Million
Privacy has become a core attribute and a new value proposition in tech with Apple and Facebook scrambling to provide the same value to advertisers without the fight being unfair.
06:29 - 12:45 (06:16)
Summary
Privacy has become a core attribute and a new value proposition in tech with Apple and Facebook scrambling to provide the same value to advertisers without the fight being unfair. Apple has bet entirely on privacy becoming the number one value proposition for their customers, while Facebook is struggling to figure out how to deliver the same value to their advertisers while also respecting their users' privacy.
Episode#201 - Why You Should Spend 5x Your Budget on an Engagement Ring
PodcastMy First Million
Ghost is an open source platform that serves as an alternative to Substack and can be used to create paid or free newsletters and communities.
12:45 - 17:17 (04:32)
Summary
Ghost is an open source platform that serves as an alternative to Substack and can be used to create paid or free newsletters and communities.
Episode#201 - Why You Should Spend 5x Your Budget on an Engagement Ring
PodcastMy First Million
Learn how to transform basic IKEA furniture into unique pieces by swapping out different parts such as wheels, handles and tops with a simple and affordable course.
17:17 - 21:49 (04:31)
Summary
Learn how to transform basic IKEA furniture into unique pieces by swapping out different parts such as wheels, handles and tops with a simple and affordable course.
Episode#201 - Why You Should Spend 5x Your Budget on an Engagement Ring
PodcastMy First Million
Learn how to find a niche audience for your "basic" hobbies, like HDTV or sports, and turn it into a profitable blog or business.
21:49 - 24:20 (02:31)
Summary
Learn how to find a niche audience for your "basic" hobbies, like HDTV or sports, and turn it into a profitable blog or business.
Episode#201 - Why You Should Spend 5x Your Budget on an Engagement Ring
PodcastMy First Million
Brian Dean discusses with David Perell the strategies he used to make Backlinko the place to go for SEO tips and ranking on Google searches.
24:20 - 28:19 (03:58)
Summary
Brian Dean discusses with David Perell the strategies he used to make Backlinko the place to go for SEO tips and ranking on Google searches. Dean mentions catering to a specific niche audience and leveraging the power of content marketing with a focus on quality, rather than quantity.
Episode#201 - Why You Should Spend 5x Your Budget on an Engagement Ring
PodcastMy First Million
The Bustle website discusses how luxury brands like Hermes are getting into the fitness market and promoting women of various body types.
28:19 - 31:48 (03:28)
Summary
The Bustle website discusses how luxury brands like Hermes are getting into the fitness market and promoting women of various body types. Bustle also emphasizes the importance of individuals being comfortable with their periods and shares advice for women who want to enjoy the beach while menstruating.
Episode#201 - Why You Should Spend 5x Your Budget on an Engagement Ring
PodcastMy First Million
Jungle Scout helps find high demand, low competition products on Amazon by showing their worth, search volume, competition, and estimated profits, making it a useful tool for winning on the platform.
31:48 - 38:16 (06:28)
Summary
Jungle Scout helps find high demand, low competition products on Amazon by showing their worth, search volume, competition, and estimated profits, making it a useful tool for winning on the platform.
Episode#201 - Why You Should Spend 5x Your Budget on an Engagement Ring
PodcastMy First Million
The experience of traveling with babies involves unexpected situations like having to change baby's clothes on a tray table and not wanting to lug heavy car seats around.
38:16 - 42:40 (04:23)
Summary
The experience of traveling with babies involves unexpected situations like having to change baby's clothes on a tray table and not wanting to lug heavy car seats around. One option is to rent baby equipment at the destination.
Episode#201 - Why You Should Spend 5x Your Budget on an Engagement Ring
PodcastMy First Million
Teachers no longer need to spend a lot of time and effort creating lesson plans and quizzes as they can use an online marketplace called Teachers Pay Teachers.
42:40 - 46:09 (03:29)
Summary
Teachers no longer need to spend a lot of time and effort creating lesson plans and quizzes as they can use an online marketplace called Teachers Pay Teachers. The website has helped save a lot of money and time for teachers and has become very popular with over 30 million hits a month.
Episode#201 - Why You Should Spend 5x Your Budget on an Engagement Ring
PodcastMy First Million
The speaker suggests creating a professional networking platform for teachers to engage with their peers and build connections in the education industry.
46:09 - 49:45 (03:36)
Summary
The speaker suggests creating a professional networking platform for teachers to engage with their peers and build connections in the education industry. This platform would serve as a better tool for teachers compared to the job marketplace model used in the health industry.
Episode#201 - Why You Should Spend 5x Your Budget on an Engagement Ring
PodcastMy First Million
The speaker reflects on how, while younger, they worried about not having a family by 30 and potentially working too much.
49:45 - 54:34 (04:48)
Summary
The speaker reflects on how, while younger, they worried about not having a family by 30 and potentially working too much. However, looking forward, the speaker believes that taking care of their health is of greater importance and may be a top regret if not focused on enough.
Episode#201 - Why You Should Spend 5x Your Budget on an Engagement Ring
PodcastMy First Million
The speaker recommends writing down things that one might regret when they're 90 years old to avoid having those regrets in the future.
54:34 - 59:03 (04:29)
Summary
The speaker recommends writing down things that one might regret when they're 90 years old to avoid having those regrets in the future. One of the things that he foresees himself regretting is not having more children because of the time he would have once they grow up and leave home.
Episode#201 - Why You Should Spend 5x Your Budget on an Engagement Ring
PodcastMy First Million
The speaker shares how consulting with a financially savvy friend helped change his perspective on spending and being frugal.
59:03 - 1:01:28 (02:24)
Summary
The speaker shares how consulting with a financially savvy friend helped change his perspective on spending and being frugal.