This $50M/Yr Side Hustle Is On Track To Make $1 Billion By 2030
About This Episode
Sam and Shaan discuss the massive success of Firecrown, a 'side hustle' that acquires legacy hobby magazines to sell high-ticket items like air-park real estate and private jets. They also analyze how platforms like The New York Times, LinkedIn, and YouTube are pivoting into gaming to drive engagement and revenue, alongside a look at the booming AI-powered sports camera market.
Episode Description
Show Notes
- 0:00Craig Fuller's field of dreams
- 5:12$50M side hustle
- 9:16We call to find out EXACTLY how he did it
- 19:02The New York Times is a gaming company
- 23:27Idea: Third party LinkedIn games developer
- 27:00How rich people spend money
- 29:00The myth of the second home
- 30:57Ai cameras
- 36:31Prediction: A camera on every field, every court
- 38:31How to find the next wave: What's the next menus on the internet?
- 40:41How to avoid product obsolescence
- 44:09"Measure twice. Cut once"
Links
Check Out Shaan's Stuff
Check Out Sam's Stuff
Key Takeaways
Execute 'Negative CAC' by acquiring customers through niche media brands where the audience pays for the content, then upsell them on high-margin products like real estate or brokerage services.
Unbundle 'remnant assets' from legacy brands, such as turning a newspaper's crossword or recipe archive into a standalone digital subscription product to unlock massive recurring revenue.
Avoid being 'steamrolled' by AI model updates from giants like OpenAI by building the '90%' of the product that focuses on complex, vertical-specific enterprise workflows and integrations.
Business Ideas Mentioned
Third-party LinkedIn Games Studio
SaaS
AI Sports Camera Venue Network
Boring Business
Vertical AI Workflow SaaS for Healthcare
AI & Automation