3 Niche Business Ideas We Thought Would Fail… But Actually Crushed It

My First Million

Hubspot

Entrepreneurship, Investing, Business

4.8 • 2.7K Ratings

🗓️ 16 February 2024

⏱️ 64 minutes

🔗️ Recording | iTunes | RSS

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Summary

Episode 551: Shaan Puri (https://twitter.com/ShaanVP) and Sam Parr (https://twitter.com/theSamParr) were wrong. How wrong? You’ll have to listen to find out. — Show Notes: (0:00) Intro (1:00) Jenni AI’s rise from $2k MRR to $300K MRR (4:00) The zoom-in pivot (7:00) First 100 customers (12:30) Fortune favors the bold (16:30) How to do a TikTok ad right (24:00) Sam's mea culpa: Hostage Tape update (27:30) Shaan's $500M L (34:00) How to pick the right market (44:00) Jason Kelce > Travis Kelce (48:00) Tracy Chapman's beacon of authenticity — Links: • Jenni - https://jenni.ai/ • The Mom Test - http://tinyurl.com/va428xyz • David Park Twitter - https://twitter.com/Davidjpark96 • Hostage Tape - https://hostagetape.com/ • Flo Health - https://flo.health/ • Palta Pitch Deck - http://tinyurl.com/ycf7e5hn • Tracy Chapman on Charlie Rose - https://charlierose.com/videos/11899 — 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 — 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. 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

Transcript

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0:00.0	May 25th, 2023, subject line, he said it was a bad business idea, dot dot, dot,
0:06.0	emailed out to his whole list, I think.
0:08.3	Hey folks, Alex here, telling you, telling people you run a mouth tape business isn't all sunshine and rainbows.
0:13.7	Does anyone think that that was sunshine and rainbows?
0:18.0	You know what they say.
0:20.0	Running a mouth tape and business.
0:22.0	Everyone always asks me, like, how awesome is this business?
0:25.0	I feel like I can rude the world.
0:28.0	I know I could be what I want to.
0:30.0	I put my all in it like no days off.
0:33.5	All right, what's up everybody back to the greatest podcast of all time,
0:36.7	my first million, or we talk about business ideas.
0:39.0	We talk about businesses that are under the radar, crushing it that you haven't heard of, and hopefully when you listen to this
0:43.9	podcast you get a little inspiration you get a little wind in your
0:46.9	sales so that you go out and kick a little more ass today Sam I have an
0:50.4	ass kicking story for you you want to hear it I love ass kicking stories in fact this is to it's it's stories of other people who are kicking ass and it's a story of me getting my ass kicked as an investor so here's two investments that I passed on for two totally different reasons,
1:05.8	and I'm going to tell you the reason why I missed it and the really cool story of what these companies did.
1:10.9	All right, everyone, we have a quick ad for HubSpot.
1:13.0	Sales super teams aren't built overnight.
1:15.0	They require unicorn level talent, endless training, huge budgets, and lots of luck.
1:21.0	Or you could just use Sales Hub from HubSpot.
1:23.6	It's an all-to-one platform built with all the tools for your success.
	...

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