Billion $ TV Empires, Dating Business Ideas, And More Elon
About This Episode
This episode explores the massive business empires of Chip and Joanna Gaines and Oprah Winfrey, analyzing how they leveraged personal distribution into diversified billion-dollar brands. The hosts also brainstorm unconventional dating business models and discuss the balance between eccentric leadership and 'cringe' behavior in the context of Elon Musk's Twitter ownership.
Episode Description
Show Notes
- 02:35- Why you need eccentricities
- 04:40- Chip and Joanna Gaines
- 22:35- Oprah
- 38:15- Would you enjoy fame?
- 45:15- Dating business ideas
- 57:30- Cringey Elon
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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
- *Homestead Heritage
- *Brene Brown: The Call To Courage
- *Love Is Blind
- *Raya App
- *The League
- * Do you love MFM and want to see Sam and Shaan's smiling faces? Subscribe to our Youtube channel.
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Check Out Sam's Stuff
- * Hampton
- * Ideation Bootcamp
- * Copy That
Check Out Shaan's Stuff
- * Power Writing Course
- * Daily Newsletter
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Key Takeaways
Choose a business based on the sales process you enjoy or tolerate best (e.g., SEO, Facebook ads, or enterprise sales) because growth activities will occupy 90% of your time regardless of the product.
The 'Empire Strategy' involves building massive trust and distribution first, allowing a brand to expand into any category with a wide margin for error.
High-end communities can thrive by testing the 'theoretical max' of pricing, as extreme price points can create a unique perception of exclusivity that serves as the product itself.
Business Ideas Mentioned
Love is Blind Live Tour
Content & Media
Ultra-Premium Elite Dating App
Marketplace