The Simple Newsletter Making $20M+ A Year With 1 Employee

My First Million

Hubspot

Entrepreneurship, Investing, Business

4.8 • 2.7K Ratings

🗓️ 1 July 2024

⏱️ 63 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Episode 603: Sam Parr ( https://twitter.com/theSamParr ) and Shaan Puri ( https://twitter.com/ShaanVP ) talk to Kevin Van Trump ( https://x.com/KevinVanTrump ) about his journey from rural farm kid, to commodities trader, to creator of a farm newsletter that’s making $20M/year. — Show Notes: (0:45) How Sam met Kevin, then got his mind blown (2:05) Shaan's reaction at his 1st Farmcon experience (Corn futures and options trading) (4:35) The farmer's theory of the old bear and the young bull (5:00) How Kevin's newsletter inspired Shaan to start Milk Road (6:25) Breaking down The Van Trump Report ($18M ARR run by 4 ppl) (8:05) Rural farm kid gets into trading (12:28) Farmers operating at the highest level (13:50) Ag Swag (16:18) The Van Trump Business Model "People buy value not price" (19:00) The customer continuum (20:43) Poker vs chess (23:57) The decision to do nothing is still a decision (25:04) Trader v investor (28:20) How most people should be building wealth (32:37) Why the wealthy are getting into agriculture (33:55) The succession plan for farms (36:00) The economics of professional bull riding (39:14) The come up of FarmersOnly (41:15) How to buy a farm (44:32) Wearables for livestock (45:18) Blockchaining farms (47:55) Kevin's take on lab-grown meat (50:00) Opportunity zones: air, shelter, food, water (52:35) New trend: trade schools (54:24) Roll ups for wealth creation (55:30) How to gain new perspectives (purposefully) (57:50) Windows vs doors — Links: • FARMCON - https://www.farmcon.com/ • The Van Trump Report - https://www.vantrumpreport.com/ • AgSwag - https://agswag.com/ • Bid On Beef - https://www.bidonbeef.com/ • AcreTrader - https://acretrader.com/ • Zoetis - https://www.zoetisus.com/ — 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): https://bit.ly/SupportShepherd — 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 • Sam’s List - http://samslist.co/ My First Million is a HubSpot Original Podcast // Brought to you by The HubSpot Podcast Network // Production by Arie Desormeaux // Editing by Ezra Bakker Trupiano

Transcript

Click on a timestamp to play from that location

0:00.0	Did you say like 30,000 subscribers at $600 a year?
0:04.0	Yeah, I'm frying the 30 to 40,000 range on paid subscribers.
0:08.0	You've got to tell me everything here.
0:09.0	I feel like I can rule the world.
0:11.0	I know I could be what I want to.
0:14.0	I put my all in it like no days off on the road.
0:17.0	All right, Kevin, what's going on man?
0:20.0	We're here. So I have got to do a quick story on how we met so about four years ago. I think we're in Scottsdale Arizona at the design pickle conference. I just get done doing this talk about how the hustle is like doing pretty good, we're at a million subscribers, whatever.
0:33.7	At the end of the talk, I just walked backstage
0:35.6	or I walk in the back of the crowd.
0:37.4	You're wearing a Ramones t-shirt and like shorts
0:41.1	and you walk up to me and you're like, nice little talk you did there and I was like oh
0:44.8	thank you and you've got this confidence about you and you're like so how many
0:49.5	subscribers do you have and I was like I think a million or something like that and you go well you know that's pretty nice I got a little newsletter myself
0:57.4	We're doing okay. We got about 30,000 subscribers and I was like oh that's that's a good start and you said well how much do you charge people to read the hustle and I'm like it's free I make money via advertising and you're like oh you don't charge and I was like you do and you go yeah we charge about six600. You do? And you go, yeah, we charge about $600.
1:14.0	And I, it takes about 10 seconds and I'm like doing the math and I'm like, wait, did you say
1:19.2	30,000 subscribers at $600 a year? And you're like, yeah, what do you expect and turns out you've got this
1:26.6	massive newsletter business and I was like what's the newsletter about and you're
1:30.0	like oh we talked to farmers it's all about farming and agriculture and I'm like wait
1:34.0	hold on band you've got to tell me everything here and that's when my mind was blown
1:38.2	and I was like we got to get you on and it took about four years but finally we made
1:42.2	it happen I appreciate it.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Hubspot, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Hubspot and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.