The Easiest Way To Make $10,000/Month, PassionFlix, & More
About This Episode
Sam and Shaan discuss various business models to reach $10,000 per month, highlighting productized services and lead generation for high-ticket niches like senior living. They also explore the lucrative world of personal injury law, the success of niche 'boring' businesses like dog ramps, and brainstorm a membership-based clothing model.
Episode Description
Show Notes
- 01:35- MFM leveling up
- 03:25- Courses that improve your webcam setup
- 06:20- The My First Million marriage
- 10:35- 38 Year Old Lawyer worth 16 million
- 19:45- Best ways to make $10k a month
- 24:25- Passionflix
- 27:55- The legend that is Ramon Van Meer
- 39:35- Ghost
- 46:20- Shaan's retail clothing idea
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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
- * My First Million Marriage
- * fatFire post about Attorney
- * PassionFlix
- * Ghost
- * Italic
- * 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
The most direct path to $10,000 monthly profit for most people is starting a productized service or lead generation agency for high-ticket industries like legal or senior care.
Significant 'arbitrage' opportunities exist by applying modern digital marketing and CRM automation to traditional industries that still rely on word-of-mouth and manual processes.
The current 'inventory apocalypse' creates a massive opening for B2B marketplaces that help retailers liquidate excess stock through private channels to protect their brand equity.
Business Ideas Mentioned
Gym Launch for Law Firms
Agency
Lead Gen for Senior Living
Agency
Costco for High-Quality Basics
E-commerce
Productized Video Setup Service
SaaS