Business of Trend Forecasting, Pickleball, And The Lucrative Vir…
About This Episode
Sam and Shaan explore the lucrative world of high-end trend forecasting where companies pay five-figure sums for predictive data on consumer behavior. They also analyze the explosive growth of pickleball, breaking down why it became a viral hit and where the future business opportunities lie in the sport.
Episode Description
Show Notes
- 06:10- What it takes to be big on YouTube
- 10:50- Forecasting Businesses
- 20:55- Pickleball
- 38:10- Tom Dundon
- 44:00- Virtual Gaming World
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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
- * Exploding Topics
- * Meet Glimpse
- * WGSN
- * GLG
- * Eureka Surveys
- * The Dink
- * Virtual Gaming World
- * Do you love MFM and want to see Sam and Shaan's smiling faces? Subscribe to our Youtube channel.
- * Want more insights like MFM? Check out Shaan's newsletter.
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Key Takeaways
High-end B2B trend forecasting is an underserved market where companies will pay $20,000 to $50,000 annually for predictive insights that impact their long-term supply chain and policy decisions.
A game or sport's viral potential depends on four factors: a zero learning curve, a massive age range (8 to 80), the ability to socialize while playing, and a low physical barrier to entry.
Billion-dollar businesses can be built on regulatory arbitrage, such as using US sweepstakes laws to create legal workarounds for online gambling and social casinos.
Business Ideas Mentioned
High-Ticket Industry Trend Forecasting Reports
Content & Media
High-Value Executive Pulse Surveys
Marketplace
Modernized Old Person Sports Venues
Boring Business