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My First Million

How I Bought A Multi-Million Dollar Egg Carton Business For $0

My First Million

Hubspot

Business, Entrepreneurship, Investing

4.72.9K Ratings

🗓️ 2 November 2023

⏱️ 84 minutes

🧾️ Download transcript

Summary

Episode 515: Shaan Puri (https://twitter.com/ShaanVP) invites Sarah Moore to tell her insane story of being a troubled teen, making it to Harvard Business School, and buying a multi-million dollar business with $0 and no experience.  Want to see more MFM? Subscribe to our YouTube channel here. Want MFM Merch? Check out our store here. Want to see the best clips from MFM? Subscribe to our clips channel here. — Check Out Shaan's Stuff: • Try Shepherd Out - https://www.supportshepherd.com/ • Shaan's Personal Assistant System - http://shaanpuri.com/remoteassistant • Power Writing Course - https://maven.com/generalist/writing • Small Boy Newsletter - https://smallboy.co/ • Daily Newsletter - https://www.shaanpuri.com/ Check Out Sam's Stuff: • Hampton - https://www.joinhampton.com/ • Ideation Bootcamp - https://www.ideationbootcamp.co/ • Copy That - https://copythat.com/ — Show Notes: (0:00) Intro (8:00) Why buy (14:30) Step 1: Scrape the databases (16:00) Step 2: Ignore the industry (18:00) Step 3: Find a free workforce (22:00) Step 4: Mass outreach (25:00) Step 5: Simplicity over innovation (29:00) Step 6: Close the deal (36:00) Not counting yourself out (39:00) Growth post acquisition (43:30) Biggest mistakes in the first year (46:30) Sarah's unlikely background (57:00) Being that one person for one person (1:04:30) Sarah addresses her skeptics (1:07:00) The best Craigslist intern ad (1:13:00) Being a human billboard (1:18:00) Sarah's advice for MFMers — Links: • Eggcartons.com - https://www.eggcartons.com/ • Get in touch with Sarah - https://tinyurl.com/4hweb9rv • Bulk email checker - https://www.bulkemailchecker.com/ 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

All right, what's up at Sean, and I'm going to start by reading you a tweet that I did a year ago.

0:05.2

It says, I have a new hero and her name is Sarah Moore.

0:09.7

And the reason that Sarah Moore is my hero and somebody that you've probably never heard of is because Sarah Moore was in her young 20s she has no money no experience

0:20.1

The only thing she owned in her life was her car, a RAV4, and this crazy hustle story of how she basically decided I'm going to buy a business, even though I got nothing to my name.

0:31.0

And she spends a year searching through 100,000 businesses and she finds this

0:34.5

niche business called egg cartons.com. Literally this guy sells the carton that your eggs come in. And she bought this

0:42.3

million, you know multi-million dollar business

0:43.8

with all debt so she put no money in because she didn't have any money and so and then she

0:48.6

had grown it a bunch since then and I just said I think this is like a 20 million

0:52.2

business that this woman bought and like,

0:54.7

wow, what a hustler. So I told this hustle story on the podcast and it kind of went viral.

1:00.0

It blew up. Nobody had ever heard about this story before.

1:04.4

She has done no interviews. She has no social media. She was like a ghost and I honestly I didn't even know if it was true because it's one of

1:09.6

these stories that's too good to be true. Here's this girl who comes from absolutely nothing. She talks about this in the interview. Like she literally had no parents. She was in and out of jail as a kid. Like she was just trouble. And then she has this turning point in her life that gave me goosebumps.

1:24.0

She ends up paying somebody to take the SAT so she gets into college.

1:28.0

She hustles her way through college, finds a way to buy this business,

1:32.0

and it's this amazing success story and two things happen.

1:36.0

One, the story kind of went viral. She said that like Netflix and others reached out to her

1:40.0

after the episode went live that people started showing up on her doorstep asking

1:43.7

them asking her for advice on buying a business and like honestly it was kind of bad like it was

1:47.6

too much and please don't do that again because she's like dude I'm trying to run a

1:51.2

business I don't even know you you start telling my story and this went crazy. And so a year later now, she's like, okay, at first I was kind of like, wow, this is crazy. Then I was kind of annoyed and scared like is this going to mess up my business but then as she started to see the

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