Frame Breaking Businesses: From Pomegranate Juice to VPNS
About This Episode
In this episode, Sam Parr shares a series of 'frame-breaking' businesses that are highly profitable despite having dated designs or operating in unglamorous niches. The hosts discuss the massive success of companies like Quinstreet, Comparitech, and the agricultural empire of Stewart and Linda Resnick, while contrasting them with fading tech giants like Dig.
Episode Description
Show Notes
- 02:30- Teddy Bear Law
- 12:50- Frame Breaking Businesses
- 13:40- Comparitech
- 21:00- Quinstreet
- 31:55- Highkey / AJ Patel
- 46:15- Stewart Resnick
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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
- * Unclaimed Baggage store
- * Comparitech
- * Quinstreet
- * Highkey
- * Franklin Mint
- * Wonderful Company
- * 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
Look for 'gap' businesses where high-intent consumer needs (like insurance or VPNs) allow for high profit margins even without a sophisticated public brand.
Categorize startup failures into 'errors of action' and 'errors of inaction,' treating proactive mistakes as learning opportunities and reactive negligence as unforgivable.
Adopt 'Korean store owner energy' in early-stage ventures, emphasizing an intense, immigrant-style hustle where customer acquisition is treated as a matter of survival.