Al Doan: $100M+ Quilt Mogul Who Bought Two Towns
About This Episode
Al Doan, the founder of Missouri Star Quilt Company, explains how he built a $100M+ revenue business by revitalizing the town of Hamilton, Missouri, into a global quilting destination. He shares his unconventional path to success, including a self-designed 'Year of the MBA' and his philosophy on why e-commerce brands should build physical manifestations of their brands.
Episode Description
Show Notes
- 02:15- What's Al's company
- 06:25- How the company started
- 10:00- Future of the business
- 14:00- Chronology
- 24:45- Al's MBA
- 37:50- Al's future
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- Past guests on My First Million include Rob Dyrdek, Hasan Minhaj, Balaji Srinivasan, Jake Paul, Dr. Andrew Huberman, Gary Vee, Lance Armstrong, Sophia Amoruso, Ariel Helwani, Ramit Sethi, Stanley Druckenmiller, Peter Diamandis, Dharmesh Shah, Brian Halligan, Marc Lore, Jason Calacanis, Andrew Wilkinson, Julian Shapiro, Kat Cole, Codie Sanchez, Nader Al-Naji, Steph Smith, Trung Phan, Nick Huber, Anthony Pompliano, Ben Askren, Ramon Van Meer, Brianne Kimmel, Andrew Gazdecki, Scott Belsky, Moiz Ali, Dan Held, Elaine Zelby, Michael Saylor, Ryan Begelman, Jack Butcher, Reed Duchscher, Tai Lopez, Harley Finkelstein, Alexa von Tobel, Noah Kagan, Nick Bare, Greg Isenberg, James Altucher, Randy Hetrick and more.
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- Additional episodes you might enjoy:
- #224 Rob Dyrdek - How Tracking Every Second of His Life Took Rob Drydek from 0 to $405M in Exits
- #209 Gary Vaynerchuk - Why NFTS Are the Future
- #178 Balaji Srinivasan - Balaji on How to Fix the Media, Cloud Cities & Crypto
- * #169 - How One Man Started 5, Billion Dollar Companies, Dan Gilbert's Empire, & Talking With Warren Buffett
- #218 - Why You Should Take a Think Week Like Bill Gates
- Dave Portnoy vs The World, Extreme Body Monitoring, The Future of Apparel Retail, "How Much is Anthony Pompliano Worth?", and More
- How Mr Beast Got 100M Views in Less Than 4 Days, The $25M Chrome Extension, and More
Links
- * Missouri Star Quilt Co.
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Key Takeaways
Execute a self-directed 'Year of the MBA' by emailing industry leaders for their top book recommendations and offering to shadow successful entrepreneurs for free.
Build a 'Physical Manifestation' of your brand to differentiate from faceless competitors; a physical destination creates a powerful marketing narrative that boosts online sales.
Target under-served 'boring' niches with high-quality content; Al found massive success by providing approachable YouTube tutorials for the 45-70 year old quilting demographic.
Business Ideas Mentioned
Baby Product Destination Town
Real Estate
Niche Craft Experience Hubs
Boring Business