#194 with Justin Mares - The 4 Types of Side Hustles and how to launch a $100M DTC brand

My First Million

Hubspot

Entrepreneurship, Investing, Business

4.8 • 2.7K Ratings

🗓️ 25 June 2021

⏱️ 70 minutes

🔗️ Recording | iTunes | RSS

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Summary

Justin Mares (@jwmares) joins Sam (@TheSamParr) and Shaan (@ShaanVP) on this episode. Justin breaks down his most popular blog post, the 4 types of side hustles, and brings all kinds of ideas for how you can start your own. They also talk about Justin's DTC businesses - Kettle & Fire, Perfect Keto, and Surely Wines. They end the episode with a few ideas around camping, a new dating app, and how to leverage VAs & no code tools. --------- * 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: * (1:23) How Sam & Justin know each other * (5:17) Justin's DTC bone broth company * (10:00) Frameworks for side hustles * (13:22) Side Hustle 1: Buying an asset * (17:51) Side Hustle 2: Launching on top of a marketplace with demand * (22:08) Side Hustle 3: Unique product that grows through paid acquisition * (25:31) How Justin balances all his projects * (30:38) The $30K/year CGM experiment * (39:09) The skinny on Duck Duck Go * (42:32) Ideas: Airbnb camping * (45:27) Idea: Non alcoholic wine * (51:10) How to naturally boost your T levels * (1:01:04) Idea: Dating app based on your credit card usage * (1:03:49) Idea: The no code automation officer * (1:07:28) How to follow Justin

Transcript

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0:00.0	I feel like there's a world where this, like, let's be conservative.
0:03.9	I feel like there's a, like, this is very clearly a $10 million a year thing that makes
0:07.9	a $2 million in profit.
0:08.9	Yeah.
0:10.9	I feel like I could rule the world.
0:12.9	I know I could be what I want to.
0:15.9	I put my all in it like no days old.
0:17.9	On a road, let's travel never looking back.
0:20.9	Dude, there's like a picture in the background that is just getting my attention so much that
0:26.0	crooked, there's like a crooked picture.
0:28.5	You see it?
0:29.5	Yeah, yeah.
0:30.5	There's a whole subreddit called like, I forget what it's exactly called but it's about
0:36.0	like minor things that are just slightly off.
0:37.8	Like, what were they thinking?
0:38.8	It's like mildly, like, there's mildly interesting.
0:40.8	Yeah.
0:41.8	That's probably mildly irritating or something like that.
0:43.6	No, it's called mildly inferior.
0:44.6	Mildly inferior, that's what it's called.
0:45.6	Did you, did you just guess that?
0:47.9	Well, I know about mildly interesting so.
	...

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