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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#206 with Brianne Kimmel - How Venture Capitalists Make Money

#206 with Brianne Kimmel - How Venture Capitalists Make Money

In this episode Sam (@theSamParr) and Shaan (@ShaanVP) are joined by solo capitalist Brianne Kimmel (@briannekimmel). They talk about how Bri got started in investing, the pros and cons of her busy schedule, and discuss some of the unicorns she's invested in. They also discuss a cool use of deepfakes, how VCs make money, and whether or not college is worth the price of admission. --------- * Want to be featured in a future episode? Drop your question/comment/criticism/love here: https://www.mfmpod.com/p/hotline/ * Support the pod by spreading the word, become a referrer here: https://refer.fm/million * 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. --------- Show notes: * (1:00) Intro * (2:25) The Shake Up - a new podcast on the HubSpot Podcast Network * (6:52) GPT-3 and Anthony Bourdain * (11:40) A cool use of deepfakes * (13:31) Meet Brianne Kimmel * (16:14) Bri's crazy schedule * (21:39) How VCs make money * (37:33) Hot spaces Bri sees * (40:54) Is higher education worth it? * (50:31) Winners Bri sees in her portfolio

4 Elo 20211h 2min

MFM Mini - 5 Hacks to Landing Your Dream Job

MFM Mini - 5 Hacks to Landing Your Dream Job

Do you like these mini episodes? Tweet your feedback to Shaan (@ShaanVP) & get more short stories like this on his newsletter www.shaanpuri.com. --------- * Want to be featured in a future episode? Drop your question/comment/criticism/love here: https://www.mfmpod.com/p/hotline/ * Support the pod by spreading the word, become a referrer here: https://refer.fm/million * 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.

1 Elo 202118min

#205 - How to Stop Your Tech Addiction

#205 - How to Stop Your Tech Addiction

In this episode Sam (@theSamParr) and Shaan (@ShaanVP) revisit the NCAA rule changes about college athletes making money and Shaan shares his prediction about who the next big sports agent will be. They also talk about buying lotto tickets via an app, the mugshot industry, & how to fight tech and porn addiction. They end the episode with Shaan sharing a Chrome extension idea. --------- * Want to be featured in a future episode? Drop your question/comment/criticism/love here: https://www.mfmpod.com/p/hotline/ * Support the pod by spreading the word, become a referrer here: https://refer.fm/million * 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. --------- Show notes: * (:53) Intro * (2:24) Buying lottery tickets online * (8:46) Making money around NIL - name, image, likeness * (14:21) The college sports agent * (18:59) The origin story of Scooter Braun * (23:01) Shaan's one regret from college * (24:37) The AngelList scout program * (28:43) The mugshot posting & removal industry * (35:29) An app to fight tech & porn addiction * (39:02) Story sidebar - Earl Nightingale & who's serving who * (42:12) Back to fighting tech addiction * (46:32) An idea for a Chrome extension

30 Heinä 202155min

#204 - Behind-the-Scenes of Shaan's Power Writing Course

#204 - Behind-the-Scenes of Shaan's Power Writing Course

In this episode Shaan (@ShaanVP) breaks down all the numbers behind his Power Writing course (course link --> https://hi.switchy.io/5Cir) and gives Sam (@theSamParr) a walkthrough on how short squeezes work. The two of them later discuss the unbundling of YC, on-demand rental companies, and the future of gas stations. --------- * Want to be featured in a future episode? Drop your question/comment/criticism/love here: https://www.mfmpod.com/p/hotline/ * Support the pod by spreading the word, become a referrer here: https://refer.fm/million * 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. --------- Show notes: * (:47) Intro * (1:49) Sam's bullish on America * (5:52) A beginner's guide to short squeezes * (8:35) The programming language behind Ethereum smart contracts * (16:09) Meet Greg16676935420 * (19:27) The unbundling of YC * (22:37) A breakdown of Shaan's Power Writing course * (32:55) Swimply and other rent-on-demand companies * (43:17) The future of gas stations

28 Heinä 202155min

SPECIAL: The Little Known World of FatFIRE

SPECIAL: The Little Known World of FatFIRE

In this episode Sam (@theSamParr) shares what he's learned from one of his favorite subreddits, FatFIRE. FatFIRE is about the pursuit of financial independence/early retirement with an upper-middle class lifestyle. Do you like these special episodes? Tweet your feedback to Sam (@theSamParr) & let him know what you think. --------- * Want to be featured in a future episode? Drop your question/comment/criticism/love here: https://www.mfmpod.com/p/hotline/ * Support the pod by spreading the word, become a referrer here: https://refer.fm/million * 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. --------- Show notes: * (1:07) Meet FatFIRE * (6:53) What Sam has learned from FatFIRE * (7:15) 1 - The safety withdrawal rate * (8:36) 2 - Asset backed loans * (10:38) 3 - They keep working after they retire * (11:50) 4 - It's easy to spend a lot of money * (13:05) 5 - But you don't have to * (13:50) 6 - You have a number * (15:04) 7 - On wealth advisors * (16:05) 8 - You don't have to start a business * (18:25) 9 - Live your life * (20:23) A redditor on different levels of wealth --------- Links: https://www.reddit.com/r/fatFIRE/ https://fatfireindex.com/

26 Heinä 202128min

MFM Mini - How Ben & Jerry’s Turned Misfortune Into Fortune

MFM Mini - How Ben & Jerry’s Turned Misfortune Into Fortune

Do you like these mini episodes? Tweet your feedback to Shaan (@ShaanVP) & get more short stories like this on his newsletter www.shaanpuri.com. --------- * Want to be featured in a future episode? Drop your question/comment/criticism/love here: https://www.mfmpod.com/p/hotline/ * Support the pod by spreading the word, become a referrer here: https://refer.fm/million * 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.

25 Heinä 202111min

#203 - Why Dunder Mifflin Should Be a Real Paper Company & An Inside Look Into MicroAcquire With Andrew Gazdecki

#203 - Why Dunder Mifflin Should Be a Real Paper Company & An Inside Look Into MicroAcquire With Andrew Gazdecki

In this two-part episode, Sam (@theSamParr) and Shaan (@ShaanVP) start off with ideas on building brands around pop culture, discuss the drama around the private space race, and talk about a few business-in-a-box concepts. In the second part they interview Andrew Gazdecki (@agazdecki) from MicroAcquire. They talk about how Andrew raised $3.5M this week, discuss MicroAcquire's role as a market network, and successful niches to build in. --------- * Want to be featured in a future episode? Drop your question/comment/criticism/love here: https://www.mfmpod.com/p/hotline/ * Support the pod by spreading the word, become a referrer here: https://refer.fm/million * 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. --------- Show notes: * (:49) Intro * (2:41) Building brands around pop culture * (10:59) The private race into space * (21:48) Bill's lemonade stand * (24:57) Service based businesses-in-a-box * (30:34) Meet Andrew Gazdecki * (34:17) The buy & build MBA - Soldstock.io * (37:19) Market networks * (40:04) Andrew's first company * (47:30) What Andrew did after selling his first company * (59:05) Successful niches to build in

23 Heinä 20211h 7min

#202 - A Breakdown of Trendy New Businesses & Boring 9 Figure Businesses

#202 - A Breakdown of Trendy New Businesses & Boring 9 Figure Businesses

In this episode Shaan (@ShaanVP) and Sam (@theSamParr) discuss upcoming trends they are seeing along with old school businesses making hundreds of millions of dollars. Sam also talks about how he wants to grow the podcast, and Shaan shares a new writing goal he has. They end the episode talking about businesses that set of their spidey sense and may be scams. --------- * Want to be featured in a future episode? Drop your question/comment/criticism/love here: https://www.mfmpod.com/p/hotline/ * Support the pod by spreading the word, become a referrer here: https://refer.fm/million * 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. --------- Show notes: * (:55) Intro * (1:56) Sam's YouTube push * (5:11) Shaan's 30 day writing challenge * (15:33) Trendspotting - Stretching gyms * (25:52) Trendspotting - Semi-permanent tattoos * (32:24) The billion dollar class ring business * (45:49) The Pantone color book * (49:43) The trend makers - WGSN.com * (55:04) Scammy businesses - recovering items from TSA checkpoints

21 Heinä 20211h 6min

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