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#136November 18, 202058:13

#129 - Why Elon Musk Is the Greatest Dropshipper and A Low Key C…

About This Episode

Sam and Shaan explore the concept of business leverage and 'zero product market fit risk,' highlighting companies like Spy Guy and Deep Sentinel. They also dive into Elon Musk's marketing strategy of selling byproducts and the high-conversion tactics used by the conservative fundraising platform WinRed.

Episode Description

Shaan Puri (@ShaanVP) and Sam Parr (@TheSamParr) host today's podcast. They discuss: - The business of spy gear and home security - The importance of leverage in business, which business models are best and taking zero market fit risk - A company profiting by saving the planet - Is Elon Musk the greatest dropshipper of all time? - Parler is creating a free speech Twitter with the backing of conservative billionaires - How WinRed is raising millions for the Republican Party and profiting - Quindl, the Pinduoduo for India and who will build America's Pinduoduo Thank you to our sponsor this episode, EPOS! EPOS are fantastic headsets that make it easy to work flexibly across situations and locations, with portable headsets including hassle-free device compatibility. If you are an IT manager running a big department or a head of a growing company looking to give your employees the best headset solution to work from home, check out eposaudio.com/millions for a free trial! Companies mentioned: - https://www.spyguy.com/ - https://www.deepsentinel.com/ - https://parler.com/auth/access - https://winred.com/ Have you 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.  See acast.com/privacy for privacy and opt-out information.

Check Out eposaudio.com/millions for a free trial! Companies mentioned

Key Takeaways

1

Prioritize business models with high leverage, such as software, where you can 'build once and sell a million times' to avoid the constant effort of content or service treadmills.

2

Look for 'zero product market fit risk' by focusing on technical challenges for products that have guaranteed demand (like automated cleaning or faster travel) rather than building something easy that no one may want.

3

Transform marketing from a cost center into a profit center by selling limited-edition novelty merch or byproducts that build brand loyalty while generating upfront capital.

Business Ideas Mentioned

Shopify Group Buying Referral App

SaaS

Carbon Credit Reclamation Service

Boring Business

WhatsApp-Based Group Buying Marketplace

Marketplace

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Quick Stats

Duration58:13
Guests0
Ideas Discussed3
Topics0