#172 - Indie Businesses Making Millions, Advice to Young Entrepreneurs & How to Grow a Podcast

My First Million

Hubspot

Entrepreneurship, Investing, Business

4.8 • 2.7K Ratings

🗓️ 19 April 2021

⏱️ 66 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

We start this one off with a little "Inside MFM" from Shaan (@ShaanVP) and Sam (@TheSamParr) as they discuss growing the pod and how they are going to do it. Then they break down the big news of the week: the Coinbase IPO. They talk about Coinbase's humble origins on HackerNews and how most big businesses have these same origins. It's often hard to see the big picture in the early days. They also talk about their own early days and give advice to young entrepreneurs. The second half of the pod turns into a brainstorm. They brainstorm around indie businesses like Microacquire and Photopea and how to build similar businesses. Finally, we end it by discussing the opportunities around "Affirm for X". --------- * 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: 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: * (0:24) Growing the podcast: how we're going to do it * (9:02) The guys break down the Coinbase IPO * (20:25) Big businesses are often not apparent at the beginning * (25:26) Advice for young entrepreneurs * (33:55) Microacquire dissected * (40:55) An indie project making million * (52:17) Brainstorm "Affirm for X"

Transcript

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0:00.0	I used to chase money a lot.
0:01.9	How do I make money?
0:02.9	Maybe this will make us money.
0:03.9	Maybe this will make some money.
0:05.2	And that was good because I learned skills about how to make money.
0:07.8	But the things that actually paid off, none of those really paid off with a big dollar
0:11.4	amount.
0:12.4	All right, before we actually get to the content, a few things, we've been making a ton
0:29.0	of changes to this podcast.
0:30.0	The numbers are working.
0:31.0	I think the last month was our highest ever, right, Abraew?
0:34.4	Leave so, yeah.
0:35.4	So I think we should start saying the numbers.
0:38.4	I think we should start saying the numbers.
0:39.7	I think we should say what it is, say what we're going to do, and say what happens, whether
0:43.8	it works or it doesn't.
0:45.2	Yeah, so the trailing of 30 days was, I think, 350,000 listens, which if it's not highest
0:53.2	ever, it's one of like, one or two.
0:55.8	That trajectory is really what matters and that is great.
0:59.6	So we're getting around an average episode.
1:02.3	I think is 20,000 downloads an episode, which is, I think, a 60% increase from the year
1:07.8	before.
	...

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