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

Jaksot(821)

#21 - How To Value, Sell and Buy Online Businesses

#21 - How To Value, Sell and Buy Online Businesses

I want to buy your business. What's your discretionary earnings? or how about you buy mine, can you get an SBA loan approved? No idea what we're talking about? Don't worry, Joe Valley (@JoeValley2) from Quiet Light Brokerage breaks down exactly the specific concepts and the tactical approach you will need to learn to value, buy and sell online businesses. He's one of the best in the biz so listen up because he knows his sh*t.  See acast.com/privacy for privacy and opt-out information.

30 Loka 201943min

#20 - Reinventing The Autograph

#20 - Reinventing The Autograph

The infatuation of Celebrity is something we can all relate to and Steven Galanis (@Mr312) is making sure to take opportunity of that. When was the last time you got a celeb to sign something of yours? Nowadays you'd grab your phone in a heartbeat to snap a pic and share it on the gram or "it didn't happen". Steven built Cameo so you can just pay your favorite celebrity to say (almost) whatever you want. And it's becoming huge. It's a great story that I think you'd love to hear.  See acast.com/privacy for privacy and opt-out information.

23 Loka 201925min

#19 - Drone Light Shows, No Code Movement & Plugin Empires

#19 - Drone Light Shows, No Code Movement & Plugin Empires

The Hustle's My First Million presents: Million Dollar Brainstorm. 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 shoot the sh*t about the no code movement, reinventing fireworks through drone light shows, creating a brand around miniature things, putting tiny houses in your backyard, the huge business of website plugins and social agencies. 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.

20 Loka 201932min

#18 - The Big Business of Wacky Domains

#18 - The Big Business of Wacky Domains

Ever wonder who owns all the internet domains like .com, .co, all the way to goofy domain names like .george and .plumbing? Well it turns out, many of these are owned by billionaires & big companies. Our hero today - Sheel Mohnot (@pitdesi) created an online auction site (like Ebay, but instead of selling beanie babies, he auctions off internet real estate). He has hosted $100M+ worth of auctions, keeping a 4% cut for himself along the way. Hear how he found this wacky niche, got the auction platform off the ground - and how he went from living on $1/day in India to becoming a self-made millionaire.  See acast.com/privacy for privacy and opt-out information.

16 Loka 201957min

#17 - Keto Ceral, Specialized Job Boards, Digital AA Meetings

#17 - Keto Ceral, Specialized Job Boards, Digital AA Meetings

The Hustle's My First Million presents: Million Dollar Brainstorm. 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 shoot the sh*t about hyper-focused job boards, digital AA meetings, D2C hunting & fishing brands, GaaS (Ghostbusters-as-a-Service), keto ceral, miniature cooking sets, payroll software and a live unboxing of Sam's sperm... 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.

14 Loka 201925min

#16 - TRT Subscriptions, Cord Blood Banking, Digital Museums

#16 - TRT Subscriptions, Cord Blood Banking, Digital Museums

The Hustle's My First Million presents a new weekly show: Million Dollar Brainstorm. 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 shoot the sh*t about some real estate hunting, pets on socks, TRT subscription service, digital museums, voluntary suffering retreats, cord blood banking, sperm freezing and remote enterprise software ideas. If you enjoy this and would like a weekly briefing on super in-depth research in these trends, Sam has offered 50% discount on The Hustle's Trends newsletter, use code "MILLION" while signing up to https://trends.co.  See acast.com/privacy for privacy and opt-out information.

9 Loka 201932min

#15 - Dr. Iman's Incredible Idea

#15 - Dr. Iman's Incredible Idea

Iman Abuzeid (@ImanAbuzeid) just finished raising $15M for her nurse hiring platform Incredible Health which was led by Silicon Valley's premier venture fund Andreessen Horowitz. Growing up in a family where everyone (literally) were doctors, she naturally followed the same path. Except when she finished medical school and received her MD, she decided not to work as a doctor for even 1 day and went corporate. After being equipped with an MBA and consulting experience, she left to Silicon Valley to make her mark on the world. Listen to hear her story, her "framework" for how to think about your career, why she thinks being in silicon valley is a competitive advantage and how she pivoted her company from a failing startup to one of the most exciting startups of 2019.  See acast.com/privacy for privacy and opt-out information.

2 Loka 201945min

#14 - The Bitcoin Believer

#14 - The Bitcoin Believer

Arianna Simpson (@AriannaSimpson) quit her comfortable job at Facebook to take a big bet on Bitcoin. She put over 50% of her net worth into Bitcoin back in 2014, and boy did it pay off. Now she's running a multi-million dollar hedge fund, is a renown speaker, and one of the most respected investors in cryptocurrency.  See acast.com/privacy for privacy and opt-out information.

25 Syys 201948min

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