#103 with Tai Lopez - Tai Lopez Opens Up About His Past and Addr…
About This Episode
Sam and Shaan interview Tai Lopez to discuss his controversial marketing past and his current business strategy of acquiring distressed retail brands. Tai explains how his firm, Retail E-commerce Ventures, converts legacy brick-and-mortar companies like Pier 1 into e-commerce operations. The episode also explores Tai's unique background living with the Amish and his framework for using psychological testing in business.
Episode Description
Key Takeaways
Look for market inefficiencies where high-awareness brands are weighed down by physical liabilities like long-term leases and use bankruptcy laws to strip those away.
Utilize 'stocking horse' bidding strategies in Chapter 11 sales to acquire valuable intellectual property and customer databases at massive discounts during economic shifts.
Focus on trillion-dollar TAM verticals at the bottom of Maslow's hierarchy, such as food and shelter, which provide resilient business opportunities regardless of technology trends.
Business Ideas Mentioned
E-commerce Migration Agency for SMBs
Agency
Local Urban Farm CSA Subscription
Boring Business
Specialized Residential Roofing Services
Boring Business