#155 - NFTs Explained: How Digital Art Is Being Sold For Millions and What the Opportunities Are
My First Million24 Helmi 2021

#155 - NFTs Explained: How Digital Art Is Being Sold For Millions and What the Opportunities Are

Sam Parr (@TheSamParr) and Shaan Puri (@ShaanVP) discuss: Negotiation as a Service (NaaS) - The guys talk about (and maybe invent) a new category of business: negotiations as a service. The idea here is that there are certain big ticket items where a professional can negotiate a better price for the end consumer. - Incentives matter, however. For a Realtor, getting a client a better deal isn’t always in their best interest. A better model: the negotiator gets a designated percentage if they are able to negotiate below a set price. - Idea: Applying a better incentive model to real estate or home financing. Paying a skilled negotiator a fee for reducing your interest rate can result in thousands being saved annually. - Idea: Salary negotiations for both employee and employer. NFTs - NFTs, or non-fungible tokens, are unique crypto tokens. Unlike say, Bitcoin, they aren’t mutually interchangeable -- each token is unique. In other words, NFTs are collectible. - NFTs have exploded in recent months. One site, https://cryptoslam.io/ (also https://defipulse.com/), tracks the daily transactions of different NFT. The top NFT, NBA Top Shots, does $46m worth of digital art transactions daily. - Shaan 10xd his money on the following piece in a matter of days. https://niftygateway.com/itemdetail/secondary/0x8ae06a29a816580cbd069e460dd57c6c964bb3da/7500010105. - This piece alone https://cryptoslam.io/cryptopunks/mint/6487 sold for over $1m. - Artists like Eminem and shows like Rick and Morty are created pieces of content that’ll be sold as NFTs. - Logan Paul made $3.5m in one day selling nfts https://beincrypto.com/logan-paul-raises-3-5-million-in-one-day-from-nft-sales/. - Opportunity: When a goldrush is happening, sell shovels. Shaan and Sam think the shovels here are displays. People are buying NFTs, they are going to want to display them. The options at the moment are frames like https://infiniteobjects.com/ and https://www.netgear.com/home/digital-art-canvas/. On the pod Shaan estimates you can sell 300-400 frames and easily generate $5m in a month. - https://opensea.io/: Another marketplace for NFTs. This is the eBay of NFTs CoinMarketCap - CoinMarketCap is a displayed of crypto prices. It's a simple idea that has been working. - When they delisted South Korean cryptos without warning on Jan. 7th, the move wiped out $100 billion of total crypto asset market value. - They were acquired for a rumored $400 million. The company only had 36 employees. Check out today's sponsor: Ourcrowd. They make it easy to invest in early startups. Go to ourcrowd.com/thehustle to get started. Have you joined our private Facebook group yet? Go to https://www.facebook.com/groups/ourfirstmillion and join thousands of other entrepreneurs and founders scheming up ideas. Editing thanks to Jonathan Gallegos (@jjonthan) See acast.com/privacy for privacy and opt-out information.

Jaksot(821)

The Side Hustle King: 11 Easy Businesses Anyone Can Start

The Side Hustle King: 11 Easy Businesses Anyone Can Start

Want 200 Business Ideas to launch your next side hustle? get it here: https://clickhubspot.com/egk Episode 748: Sam Parr ( https://x.com/theSamParr ) and Shaan Puri ( https://x.com/ShaanVP ) talk to Chris Koerner ( https://x.com/mhp_guy ) about side hustles you can start in your backyard. — Show Notes: (0:00) Porch pumpkins (12:50) Sport court installation (19:17) In-ground trampoline installation (23:08) Robot Manicure Machine (28:49) Dollhouses for men (34:21) Govdeals.com (39:57) Mobile Fuel Delivery (41:16) Novelty Ice Cream (48:01) Secret pickleball court (49:13) Kids gym equipment (54:41) RV Parks (1:00:33) If I was starting from scatch — Links: • The Koerner Office - https://www.thekoerneroffice.com/ • Porch Pumpkins - https://porchpumpkins.com/ • Trampolines.com - Trampolines.com • GovDeals.com - GovDeals.com • BStock.com - BStock.com • 260SampleSale - https://260samplesale.com/ — Check Out Shaan's Stuff: • Shaan's weekly email - https://www.shaanpuri.com • Visit https://www.somewhere.com/mfm to hire worldwide talent like Shaan and get $500 off for being an MFM listener. Hire developers, assistants, marketing pros, sales teams and more for 80% less than US equivalents. • Mercury - Need a bank for your company? Go check out Mercury (mercury.com). Shaan uses it for all of his companies! Mercury is a financial technology company, not an FDIC-insured bank. Banking services provided by Choice Financial Group, Column, N.A., and Evolve Bank & Trust, Members FDIC — Check Out Sam's Stuff: • Hampton - https://www.joinhampton.com/ • Ideation Bootcamp - https://www.ideationbootcamp.co/ • Copy That - https://copythat.com • Hampton Wealth Survey - https://joinhampton.com/wealth • Sam’s List - http://samslist.co/ My First Million is a HubSpot Original Podcast // Brought to you by HubSpot Media // Production by Arie Desormeaux // Editing by Ezra Bakker Trupiano

22 Syys 20251h 14min

 How To Turn $100K into $4,000,000 with Distressed Investing

How To Turn $100K into $4,000,000 with Distressed Investing

Want the 9 investment principles guide? Get it here: https://clickhubspot.com/rhs Episode 747: Sam Parr ( https://x.com/theSamParr ) and Shaan Puri ( https://x.com/ShaanVP ) talk to Thomas Braziel ( https://x.com/thomasbraziel ) about distress investing. — Show Notes: (0:00) Distressed investing 101 (6:06) FTX deal details (25:59) First, Best, Worst, Weirdest (33:27) Shop Madison not Canal (34:27) Your first decade is tuition (38:25) Where Tom puts his cash (41:46) A position well bought is already half sold (43:35) The ugly side (46:24) How to handle public controversy (55:42) Recommended reading (59:33) E.P. Taylor — Check Out Shaan's Stuff: • Shaan's weekly email - https://www.shaanpuri.com • Visit https://www.somewhere.com/mfm to hire worldwide talent like Shaan and get $500 off for being an MFM listener. Hire developers, assistants, marketing pros, sales teams and more for 80% less than US equivalents. • Mercury - Need a bank for your company? Go check out Mercury (mercury.com). Shaan uses it for all of his companies! Mercury is a financial technology company, not an FDIC-insured bank. Banking services provided by Choice Financial Group, Column, N.A., and Evolve Bank & Trust, Members FDIC — Check Out Sam's Stuff: • Hampton - https://www.joinhampton.com/ • Ideation Bootcamp - https://www.ideationbootcamp.co/ • Copy That - https://copythat.com • Hampton Wealth Survey - https://joinhampton.com/wealth • Sam’s List - http://samslist.co/ My First Million is a HubSpot Original Podcast // Brought to you by HubSpot Media // Production by Arie Desormeaux // Editing by Ezra Bakker Trupiano

19 Syys 20251h 8min

5 Lessons in Negotiation from an FBI Hostage Negotiator

5 Lessons in Negotiation from an FBI Hostage Negotiator

Want to use these FBI negotiation tactics to make money? Turn conversations into customers - get your first 100: https://clickhubspot.com/rtb Episode 746: Shaan Puri ( https://x.com/ShaanVP ) gets coached by Chris Voss ( https://x.com/fbinegotiator ) on how to be a better negotiator in business. — Show Notes: (0:00) The hijack moment (10:04) High stakes hostage negotiation (20:53) Rule 1. You have imperfect information (23:51) Rule 2. Label (28:00) Rule 3. Go for no (34:30) Rule 4. Leverage will never make you a better negotiator (36:53) Rule 5. Be predictable (39:00) Oprah as a master negotiator (42:49) How to prep for a negotiation (47:46) Chris Voss in situ (50:23) Parenting advice from a hostage negotiator (52:38) Let them talk — Links: • Join the Black Swan Community - https://www.blackswanltd.com/ — Check Out Shaan's Stuff: • Shaan's weekly email - https://www.shaanpuri.com • Visit https://www.somewhere.com/mfm to hire worldwide talent like Shaan and get $500 off for being an MFM listener. Hire developers, assistants, marketing pros, sales teams and more for 80% less than US equivalents. • Mercury - Need a bank for your company? Go check out Mercury (mercury.com). Shaan uses it for all of his companies! Mercury is a financial technology company, not an FDIC-insured bank. Banking services provided by Choice Financial Group, Column, N.A., and Evolve Bank & Trust, Members FDIC — Check Out Sam's Stuff: • Hampton - https://www.joinhampton.com/ • Ideation Bootcamp - https://www.ideationbootcamp.co/ • Copy That - https://copythat.com • Hampton Wealth Survey - https://joinhampton.com/wealth • Sam’s List - http://samslist.co/ My First Million is a HubSpot Original Podcast // Brought to you by HubSpot Media // Production by Arie Desormeaux // Editing by Ezra Bakker Trupiano

17 Syys 20251h

$30B Founder: How To Rank #1 In ChatGPT

$30B Founder: How To Rank #1 In ChatGPT

Want to rank #1 in ChatGPT? Get the Prompt Library: https://clickhubspot.com/dpm Get HubSpot's new Loop playbook here: https://clickhubspot.com/cd63b7 Episode 745: Sam Parr ( https://x.com/theSamParr ) and Shaan Puri ( https://x.com/ShaanVP ) talk to Dharmesh Shah about the early days of SEO and how to jack the algorithm today to show up in ChatGPT responses. — Show Notes: (0:00) The origin of inbound (15:55) Algorithm jacking (22:43) Old Way: SEO (32:45) New Way: AEO (36:21) Step 1: Enable chatbot crawlers (37:55) Step 2: Restructure your content as Q&A (39:05) Step 3: White hat linking (43:44) Step 4: Structured product catalogues (44:27)Step 5: Human generated answered (46:57) How Dharmesh goes from 0 to 1 (52:26) How Dharmesh uses ChatGPT (59:30) The sport of business — Links: • Inbound - http://inbound.com/ • On Startups - https://www.onstartups.com/ • ClickFunnels - https://www.clickfunnels.com/ • Loop Marketing - https://www.hubspot.com/loop-marketing • ImageGen.ai - https://imagegen.ai/imagegen • DadJoke.ai - https://agent.ai/agent/dadjoke • Agent.ai - https://agent.ai/ — Check Out Shaan's Stuff: • Shaan's weekly email - https://www.shaanpuri.com • Visit https://www.somewhere.com/mfm to hire worldwide talent like Shaan and get $500 off for being an MFM listener. Hire developers, assistants, marketing pros, sales teams and more for 80% less than US equivalents. • Mercury - Need a bank for your company? Go check out Mercury (mercury.com). Shaan uses it for all of his companies! Mercury is a financial technology company, not an FDIC-insured bank. Banking services provided by Choice Financial Group, Column, N.A., and Evolve Bank & Trust, Members FDIC — Check Out Sam's Stuff: • Hampton - https://www.joinhampton.com/ • Ideation Bootcamp - https://www.ideationbootcamp.co/ • Copy That - https://copythat.com • Hampton Wealth Survey - https://joinhampton.com/wealth • Sam’s List - http://samslist.co/ My First Million is a HubSpot Original Podcast // Brought to you by HubSpot Media // Production by Arie Desormeaux // Editing by Ezra Bakker Trupiano

15 Syys 20251h 11min

The man who made a billion off blueberries

The man who made a billion off blueberries

Want to start your own million dollar business with less than $1k? Get the guide: https://clickhubspot.com/ejn Episode 744: Sam Parr ( https://x.com/theSamParr ) and Shaan Puri ( https://x.com/ShaanVP ) talk about the insane economics of Broadway shows, the blueberry billionaire plus business lessons from sports. — Show Notes: (0:00) Billy of the week: John Bragg (20:40) America's Banana King (24:29) Sam goes to Broadway (34:01) Lessons from Tennis (42:36) The pain cave (50:53) Rebranding motivational phrases (59:48) Jerry Seinfeld on how to be great — Check Out Shaan's Stuff: • Shaan's weekly email - https://www.shaanpuri.com • Visit https://www.somewhere.com/mfm to hire worldwide talent like Shaan and get $500 off for being an MFM listener. Hire developers, assistants, marketing pros, sales teams and more for 80% less than US equivalents. • Mercury - Need a bank for your company? Go check out Mercury (mercury.com). Shaan uses it for all of his companies! Mercury is a financial technology company, not an FDIC-insured bank. Banking services provided by Choice Financial Group, Column, N.A., and Evolve Bank & Trust, Members FDIC — Check Out Sam's Stuff: • Hampton - https://www.joinhampton.com/ • Ideation Bootcamp - https://www.ideationbootcamp.co/ • Copy That - https://copythat.com • Hampton Wealth Survey - https://joinhampton.com/wealth • Sam’s List - http://samslist.co/ My First Million is a HubSpot Original Podcast // Brought to you by HubSpot Media // Production by Arie Desormeaux // Editing by Ezra Bakker Trupiano

12 Syys 20251h 18min

This guy made millions by inventing the McFlurry & the $1 Menu

This guy made millions by inventing the McFlurry & the $1 Menu

Want to start your own million-dollar biz with less than $1k? Get the guide: https://clickhubspot.com/rko Episode 743: Sam Parr ( https://x.com/theSamParr ) and Shaan Puri ( https://x.com/ShaanVP ) talk about the inventor of the McFlurry and Stuffed Crust Pizza plus Shaan’s stock picks. — Show Notes: (0:00) The godfather of junk food (26:02) Stockapalooza update — Links: • QSR Magazine - https://www.qsrmagazine.com/ • David Protein - https://davidprotein.com/ — Check Out Shaan's Stuff: • Shaan's weekly email - https://www.shaanpuri.com • Visit https://www.somewhere.com/mfm to hire worldwide talent like Shaan and get $500 off for being an MFM listener. Hire developers, assistants, marketing pros, sales teams and more for 80% less than US equivalents. • Mercury - Need a bank for your company? Go check out Mercury (mercury.com). Shaan uses it for all of his companies! Mercury is a financial technology company, not an FDIC-insured bank. Banking services provided by Choice Financial Group, Column, N.A., and Evolve Bank & Trust, Members FDIC — Check Out Sam's Stuff: • Hampton - https://www.joinhampton.com/ • Ideation Bootcamp - https://www.ideationbootcamp.co/ • Copy That - https://copythat.com • Hampton Wealth Survey - https://joinhampton.com/wealth • Sam’s List - http://samslist.co/ My First Million is a HubSpot Original Podcast // Brought to you by HubSpot Media // Production by Arie Desormeaux // Editing by Ezra Bakker Trupiano

10 Syys 202558min

7 People Making $5M-$10M From Weird Hobbies

7 People Making $5M-$10M From Weird Hobbies

Want to start your own million dollar business with less than $1k? Get the guide: https://clickhubspot.com/wbk Episode 742: Sam Parr ( https://x.com/theSamParr ) talks to Billy Parks ( https://x.com/billyfilm ) about 7 creators making $5M to $10M from niche content with small audiences. Billy is a partner at Slow Ventures where he invests in creator-built businesses. — Show Notes: (0:00) The creator middle class (6:53) Jonathan Katz-Moses (15:24) Mary Heffernan (23:03) Jocko Willink (29:01) Detail Geek (35:10) Tony Seno (46:15) Niches to go after (58:17) Under the radar creators — Links: • Jonathan Katz-Moses - https://www.youtube.com/@katzmosestools/videos • Mary Heffernan - https://fivemarys.com/marys-story • Jocko Willink - https://www.youtube.com/@JockoPodcastOfficial • Tonester - https://www.youtube.com/@tonesterpaints • T.Rex Arms - https://www.trex-arms.com/ — Check Out Shaan's Stuff: • Shaan's weekly email - https://www.shaanpuri.com • Visit https://www.somewhere.com/mfm to hire worldwide talent like Shaan and get $500 off for being an MFM listener. Hire developers, assistants, marketing pros, sales teams and more for 80% less than US equivalents. • Mercury - Need a bank for your company? Go check out Mercury (mercury.com). Shaan uses it for all of his companies! Mercury is a financial technology company, not an FDIC-insured bank. Banking services provided by Choice Financial Group, Column, N.A., and Evolve Bank & Trust, Members FDIC — Check Out Sam's Stuff: • Hampton - https://www.joinhampton.com/ • Ideation Bootcamp - https://www.ideationbootcamp.co/ • Copy That - https://copythat.com • Hampton Wealth Survey - https://joinhampton.com/wealth • Sam’s List - http://samslist.co/ My First Million is a HubSpot Original Podcast // Brought to you by HubSpot Media // Production by Arie Desormeaux // Editing by Ezra Bakker Trupiano

5 Syys 20251h 9min

Giving founders brutally honest feedback

Giving founders brutally honest feedback

Want to start your business the right way (with less than $1k)? Get the guide: https://clickhubspot.com/wsu Episode 741: Sam Parr ( https://x.com/theSamParr ) and Shaan Puri ( https://x.com/ShaanVP ) talk about the most common mistakes founders make and how to fix them PLUS old school businesses that are making a comeback. — Show Notes: (0:00) Business Traps (21:21) The Onion selling print papers again (31:36) Oberweis milk delivery (39:31) Joe Lemandt and Alpha School (1:00:05) Grind Academy home schooling facility — Links: • Mobile Emissions - http://mobileemissions.com/ • Purple Cow - https://tinyurl.com/mdbfksx8 • Train Hard, Win Easy - https://tinyurl.com/2raksmas • The Triple Package - https://tinyurl.com/yebnt9nx • The Onion - https://theonion.com/ • Colossus - https://joincolossus.com/ • Oberweis - https://www.oberweis.com/ • Mentava - https://www.mentava.com/ • The Grind Academy - https://www.grindlv.com/ — Check Out Shaan's Stuff: • Shaan's weekly email - https://www.shaanpuri.com • Visit https://www.somewhere.com/mfm to hire worldwide talent like Shaan and get $500 off for being an MFM listener. Hire developers, assistants, marketing pros, sales teams and more for 80% less than US equivalents. • Mercury - Need a bank for your company? Go check out Mercury (mercury.com). Shaan uses it for all of his companies! Mercury is a financial technology company, not an FDIC-insured bank. Banking services provided by Choice Financial Group, Column, N.A., and Evolve Bank & Trust, Members FDIC — Check Out Sam's Stuff: • Hampton - https://www.joinhampton.com/ • Ideation Bootcamp - https://www.ideationbootcamp.co/ • Copy That - https://copythat.com • Hampton Wealth Survey - https://joinhampton.com/wealth • Sam’s List - http://samslist.co/ My First Million is a HubSpot Original Podcast // Brought to you by HubSpot Media // Production by Arie Desormeaux // Editing by Ezra Bakker Trupiano

3 Syys 20251h 12min

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