My Step-By-Step Process To Building a $1M+ Business
My First Million5 Huhti 2024

My Step-By-Step Process To Building a $1M+ Business

Episode 570: Shaan Puri (https://twitter.com/ShaanVP) and Sam Parr (https://twitter.com/theSamParr) go through Sam’s journey of launching his company Hampton. It’s a step by step walkthrough of what went right and what went wrong. Want to see Sam and Shaan’s smiling faces? Head to the MFM YouTube Channel and subscribe - http://tinyurl.com/5n7ftsy5 — Show Notes: (00:00) Intro - A radically transparent look inside Hampton launch. (2:22) The beginning of the idea just after Sam sells The Hustle, starts tinkering with buying AirBnBs. (3:00) Fail #1: Short-term rental crew. Fail #2: Community of truckers. (4:30) The Hampton idea and what the business is. (5:45) Fail #3: V1, V2, V3 of Hampton - no one wanted it (8:00) Accepted where the demand was and found the hook for Hampton. Research begins. (10:08) Where the name came from. (12:05) Hired a branding agency (This was a hack that helped build the brand) (14:12) Things Sam said no to (17:00) Leverage the founder story (20:18) Shaan's branding agency experience (21:40) Shaan’s $25K Mistake: Hiring a naming agency (26:00) Takeaways — Links: https://www.joinhampton.com/ Hampton Brand Inspiration doc: https://tinyurl.com/4uw5a9sv — Check Out Shaan's Stuff: Need to hire? You should use the same service Shaan uses to hire developers, designers, & Virtual Assistants → it’s called Shepherd (tell ‘em Shaan sent you): https://bit.ly/SupportShepherd — 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 My First Million is a HubSpot Original Podcast // Brought to you by The HubSpot Podcast Network // Production by Arie Desormeaux // Editing by Ezra Bakker Trupiano 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. — Other 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

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#29 - Powder Diets, Instagrammable Experiences & Distribution First

#29 - Powder Diets, Instagrammable Experiences & Distribution First

The Hustle's My First Million presents: Million Dollar Brainstorm is back. Host Shaan Puri (@ShaanVP) and The Hustle CEO Sam Parr (@theSamParr) sit down and discuss what side hustles, trends and big business ideas that's keeping them up at night. This time, it’s live with you guys who came to the Trends meetup last Thursday and answered some of burning questions.They also explore this week powder diets, turnkey instagrammable moments, building products around the distribution & why Facebook groups is the place to be.  See acast.com/privacy for privacy and opt-out information.

4 Joulu 20191h 8min

#28 - Building Big Ass Fans For Big Ass Money

#28 - Building Big Ass Fans For Big Ass Money

Carey Smith sold Big Ass Fans for Big Ass Money. As you can probably tell, he found a way to make ceilings fans sound sexy, but more importantly a sexy business. Find out how this unconventional self-appointed CBA (Chief Big Ass) turned a failed bootstrapped Mom & Pop into a 1,200 person $500M giant. Hear him talk about re-branding his company name to include ‘Ass’ & how that changed his entire business’ trajectory, a random meeting that turned into selling for half a billion dollars, writing $50M worth of checks to his employees after the sale and how the secret to making money isn’t to make money. Like our podcast? Join our Facebook group to share feedback, ideas and advice so we can all make that first million: www.facebook.com/groups/ourfirstmillion.  See acast.com/privacy for privacy and opt-out information.

27 Marras 201943min

#27 - 10 Million Reasons Why He Plays Poker

#27 - 10 Million Reasons Why He Plays Poker

Faraz Jaka (@FarazJaka) is a Poker pro who’s made $10M on the felt... What started out as a fun game during his spare time in college turned into big money FAST. Turning a few hundred dollars into $180k in 6 months as a 19 year-old. He was on top of the world appearing in articles, throwing massive parties, flying to Vegas every other weekend and ambitious plans to make millions a year… until it all came crashing down, went into debt and battled depression. Obviously, he rose from the dead and became hugely successful, so join this roller coaster story on My First Million, and also listen to how he uses the “+EV” method for all decision making, why you shouldn’t be results orientated, meditation exercises to overcome stress and tackling depression by confronting your issues like ‘folding a rug’.  See acast.com/privacy for privacy and opt-out information.

20 Marras 201947min

#26 - Shopify Spy Tool, Apartment Plants & Lucrative Content Sites

#26 - Shopify Spy Tool, Apartment Plants & Lucrative Content Sites

The Hustle's My First Million presents: Million Dollar Brainstorm is back. Host Shaan Puri (@ShaanVP) and The Hustle CEO Sam Parr (@theSamParr) sit down and discuss what side hustles, trends and big business ideas that's keeping them up at night. We're hosting a meetup on the 21st November in San Francisco, check out details here: https://bit.ly/354TQ7H. This week these two discuss: the top businesses using Shopify (Check the ranking tool here: https://myip.ms/browse/sites/1/own/376714), millennial apartment plants, science fiction workout bikes, D2C hallucinogenics and businesses that you can start with $1000 this weekend that could turn into a $100M+ revenue biz.  See acast.com/privacy for privacy and opt-out information.

15 Marras 201917min

#25 - Mission Driven: Bringing Solar Power to 1M People in Africa

#25 - Mission Driven: Bringing Solar Power to 1M People in Africa

He's not on a mission to make money, quite the opposite. Xavier Helgesen is a mission driven founder, who uses money to do more good in the world. His first company, Better World Books sells 10 million used books a year that's collected by leftover books at libraries - in and shares revenues with literacy partners (Over $25M given to non-profits). This business lead him to Africa, where he noticed 20,000 people in a village had no electricity - so he decided to change that. He created Zola Electric, the largest solar power company in Africa, providing 1 million people with electricity per day. He talks to us about how he turned his college side hustle into a $70M biz, moving next to his customers in Tanzania, selling electricity to people who never used electricity and how ‘Mutual Improvement Societies’ could help you 10x your life.  See acast.com/privacy for privacy and opt-out information.

13 Marras 201946min

#24 - Unicorn Signals, Alternative Milk & Movie Incubators

#24 - Unicorn Signals, Alternative Milk & Movie Incubators

The Hustle's My First Million presents: Million Dollar Brainstorm is back. Host Shaan Puri (@ShaanVP) and The Hustle CEO Sam Parr (@theSamParr) sit down and discuss what side hustles, trends and big business ideas that's keeping them up at night. This week they talk about creating a Y-Combinator for content production, signals that predicts future unicorns, transferring your work desk into your home, AirBnB for concerts, alternative milk boom and re-positioning existing products. We are holding a Q&A episode next week, send us your questions to: puri.shaan@gmail.com.If you enjoy this and would like a weekly briefing on super in-depth research in these trends, Sam has offered a discount on The Hustle's Trends newsletter, go to https://trends.co/million.  See acast.com/privacy for privacy and opt-out information.

10 Marras 201931min

#23 - Disney for Dogs

#23 - Disney for Dogs

Henrik Werdelin (@werdelin) is your dog's best friend. No really, he sends your dog gifts every month. Millions of dogs around the world love this guy, and that's why his dog treats & toys monthly subscription box business is booming. BarkBox is reported to have made $250 million last year. Damn, I wanna be his best friend too. Listen up as he talks about creating Disney experiences for dogs, meeting his co-founder on a cruise (and shared a heart-shaped bed), hijacking MTV at 2am, having 150+ doggy influencers on payroll, reverse engineering online dating to meet his wife and most importantly, how to set up systems in place to make better life choices. Read more about his 8 + 1 system here: https://bit.ly/2X17GVW.  See acast.com/privacy for privacy and opt-out information.

6 Marras 201943min

#22 - Cloud Kitchens, Kava Bars & Religious Products

#22 - Cloud Kitchens, Kava Bars & Religious Products

The Hustle's My First Million presents: Million Dollar Brainstorm is back. Host Shaan Puri (@ShaanVP) and The Hustle CEO Sam Parr (@theSamParr) sit down and discuss what side hustles, trends and big business ideas that's keeping them up at night. This week they talk about food joints that no one visits and only serves people through delivery, bars that get you semi high, making products from the largest free IP: religion, businesses that eliminate choice, non-alcoholic beverages, profiting off book summaries and fixing dog owner issues.If you enjoy this and would like a weekly briefing on super in-depth research in these trends, Sam has offered a discount on The Hustle's Trends newsletter, go to https://trends.co/million.  See acast.com/privacy for privacy and opt-out information.

1 Marras 201932min

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