Five Ways To Make Money, Vice Businesses, Fan Fiction And More
About This Episode
Sam and Shaan discuss the hierarchy of wealth creation, moving from manual labor to high-leverage judgment roles like Warren Buffett. They explore untapped markets in fan fiction, vice-industry infrastructure, and the massive business potential behind corporate rebranding errors and niche content communities.
Episode Description
Show Notes
- 12:50- Five ways to make money
- 18:10- Fan fiction
- 26:30- Vice businesses
- 31:55- Group Black
- 38:35- KIA logo arbitrage
- 43:50- Billy of the week
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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
- * Sam's Tweet
- * Shaan's Tweet Framework
- * WattPad
- * Archive of Our Own
- * LitErotica
- * Fandom
- * Dutchie
- * Group Black
- * KIA logo
- * Shift4
- * Boosted Boards
- * 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
Strive to move up the value chain from labor, optimization, and performance toward 'judgment'—the highest level of wealth capture where you are paid for making the right calls rather than hours worked.
Identify 'ugly' websites with massive traffic, such as Archive of Our Own or LitErotica, as they represent high-passion, underserved communities ripe for better infrastructure or monetization.
Look for 'arbitrage' opportunities created by corporate errors, such as the KIA logo rebrand, where a simple logo misinterpretation generates high-intent search traffic that can be captured for lead generation.
Business Ideas Mentioned
KN Car Logo Lead Generation
Marketplace
Minority-Owned Media Aggregator
Acquisitions
Audible for Erotic Fan Fiction
Content & Media