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#580December 11, 20231:06:29

5 Internet Goldmines To Spot The Next $1B Trend | Steph Smith

About This Episode

Steph Smith shares her favorite 'internet pipes'—niche research tools used to uncover billion-dollar trends across patent filings, sci-fi archives, and global demographic data. The episode explores diverse opportunities ranging from air quality tech to a humorous new fitness category for the suburban demographic.

Episode Description

Episode 529: Shaan Puri (https://twitter.com/ShaanVP) and Sam Parr (https://twitter.com/theSamParr) talk to Steph Smith about the 5 Internet goldmines she uses to spot $1b dollar trends before anyone else.  No more small boy spreadsheets, build your business on the free HubSpot CRM: https://mfmpod.link/hrd

Show Notes

  • 0:00Intro
  • 1:30Leveraging expiring patents
  • 9:00One chart sports
  • 14:00Mining Sci-Fi for IRL ideas
  • 20:00Spotting the mega trends
  • 36:30Building off of adjacent waves
  • 47:30Workshopping Steph's upcoming launch strategy

Check Out Sam's Stuff

Key Takeaways

1

Monitor patent expiration databases like patentsexpiringtoday.com to identify massive D2C generic opportunities before they hit the mainstream.

2

Identify 'One Chart' businesses by spotting inevitable demographic megatrends, such as the doubling of the global elderly population, which provides a guaranteed tailwind for specific industries.

3

Apply the 'Extreme Sizing' principle to products by making them significantly larger or smaller than standard to increase perceived value and social media virality.

Business Ideas Mentioned

The Suburban Triathlon Event Series

Boring Business

Smart Home HVAC Filter Monitors

E-commerce

Sci-Fi Invention Development Lab

E-commerce

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Guest Graveyard Mentions

NM

Nick Mowbray

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Quick Stats

Duration1:06:29
Guests1
Ideas Discussed3
Topics5