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

My First Million

Hubspot

Entrepreneurship, Investing, Business

4.8 • 2.7K Ratings

🗓️ 21 July 2021

⏱️ 66 minutes

🔗️ Recording | iTunes | RSS

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Summary

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

Transcript

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0:00.0	When I always think of entrepreneurship and we think of starting stuff we think how can I be innovative?
0:04.3	How can I be new in reality in order to make a lot of money?
0:07.7	It's how do I get locked into this to to the point to where like it's gonna be a pain in the ass to go anywhere else
0:14.0	I feel like I could rule the world and know I could be what I want to put my all in it like no days on
0:26.7	All right, everyone we've got a good episode we're gonna talk about class ring the class ring
0:30.7	Physic shockingly brings in close to a billion dollars a year for a company that you might have heard of
0:34.8	But we're gonna do a breakdown of them
0:36.3	What else is there we're gonna talk about stretching gyms?
0:38.6	I'm a huge fan of paying a hundred dollars and going to the stretch lab
0:41.8	We're gonna break that business down. What else we gonna talk about we talk about the business of ephemeral tattoos
0:47.2	So tattoos that only last year. This is a trend that I'm watching and
0:51.4	We're talking about some some of the pods stuff how we're looking at YouTube how
0:55.5	We're thinking about content right now and then last not least we talk about a couple of businesses that are
1:01.3	Interesting kind of Google Google-based businesses. I call them couch cushion businesses because it's like these little things in the cracks
1:07.9	That you that you don't really you don't really want you go look in the couch cushions you find some money, but
1:12.9	You don't really think about these and some of them are scams some of them or not we talk about those at the end
1:17.1	Yeah, in my opinion most of them are scams and we actually do a breakdown of them around the
1:22.3	50th minute of this podcast so wait till the end and we'll get to it. You'll love it. Talk soon
1:28.0	All right quick back to tell you about another podcast that we're interested in right now
1:31.4	HubSpot just launched a shark tank rewatch podcast called another bite every week the host relived the latest and greatest pitches from shark tank from
1:40.1	Squatty-potty to the
1:41.9	Manch on a bench to ring doorbell and they break down why these pitches were winners and losers and
	...

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