Back to Episodes
#182April 7, 20211:04:31

#168 - How to Copy Businesses Successfully, The Indonesian King …

About This Episode

Shaan and Sam explore 'drop servicing' through businesses like Turned Yellow and analyze how entrepreneurs like Sully use licensing deals with major IP like Family Guy to scale. The hosts also dive into the history of Adidas and Puma, discussing the importance of reverse-engineering successful business trajectories using internet archaeology.

Episode Description

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: refer.fm/million --------- --------- Sam Parr (@TheSamParr) and Shaan Puri (@ShaanVP) discuss: * (2:07) Jake Paul, Bill Clinton, the Pope and a Prince * (13:30) TurnedYellow and the IP licensing business * (22:42) Cronyism and the Indonesian King of Coal * (33:48) "Business is the Art of Copying" * (47:53) Are robo-pets the future? * (53:33) The amazing story of the founding of Adidas --------- --------- 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.

Key Takeaways

1

Use tools like the Wayback Machine and TechCrunch to map the historical progression of successful companies, noting when they shifted positioning or hit key growth milestones.

2

Implement the 'drop servicing' model by marketing a high-value niche service (like custom illustrations) while outsourcing the fulfillment to specialized artists.

3

Periodically ask 'What would a private equity firm do?' or 'What would a moonshot-focused CEO do?' with your current business to identify efficiency gains or massive expansion opportunities.

Business Ideas Mentioned

Competitive Intelligence Spy Service

SaaS

Low-Maintenance AI Robotic Pets

E-commerce

View all ideas

Share Episode

YouTube

Quick Stats

Duration1:04:31
Guests0
Ideas Discussed2
Topics0