#104 - Why You Should Be Studying MLMs
About This Episode
Shaan and Sam debrief their polarizing interview with Tai Lopez and explore the 'modernize the boring' business framework. They brainstorm new ventures including trade associations for the gig economy, high-end radar detectors, and corporate training content licensed from popular entertainment brands.
Episode Description
Key Takeaways
Study Multi-Level Marketing (MLM) companies to identify which products have massive consumer demand, then build high-quality, non-MLM versions of those products.
Look for 'beautiful businesses' like trade associations that offer simple value, high defensibility via network effects, and recurring subscription revenue with low innovation requirements.
Target outdated household gadgets with 'bad UX' (like radar detectors or pool chemical sensors) and apply modern design and smartphone connectivity to disrupt the market.
Business Ideas Mentioned
Trade Associations for the Gig Economy
Boring Business
Modernized High-End Radar Detectors
E-commerce
IP-Licensed Corporate Training Content
Content & Media
Gacha-Style Consumer Goods
E-commerce