This $50M/Yr Side Hustle Is On Track To Make $1 Billion By 2030

My First Million

Hubspot

Entrepreneurship, Investing, Business

4.8 • 2.7K Ratings

🗓️ 3 June 2024

⏱️ 50 minutes

🔗️ Recording | iTunes | RSS

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Summary

Episode 592: Sam Parr ( https://twitter.com/theSamParr ) and Shaan Puri ( https://twitter.com/ShaanVP ) break down the economics of luxury hobby magazines, make a prediction about Ai cameras, and explain how to find the next tech wave. Want to see Sam and Shaan’s smiling faces? Head to the MFM YouTube Channel and subscribe - http://tinyurl.com/5n7ftsy5 — Show Notes: (0:00) Craig Fuller's field of dreams (5:12) $50M side hustle (9:16) We call to find out EXACTLY how he did it (19:02) The New York Times is a gaming company (23:27) Idea: Third party LinkedIn games developer (27:00) How rich people spend money (29:00) The myth of the second home (30:57) Ai cameras (36:31) Prediction: A camera on every field, every court (38:31) How to find the next wave: What's the next menus on the internet? (40:41) How to avoid product obsolescence (44:09) "Measure twice. Cut once" — Links: • FreighWaves - https://www.freightwaves.com/ • FLYING Magazine - https://www.flyingmag.com/ • Firecrown - https://firecrown.com/ • Veo - https://launch.veo.co/ • Grab HubSpot's free AI-Powered Customer Platform and watch your business grow - https://clickhubspot.com/fmf — 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 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

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0:00.0	Yeah, actually call him right now and put it on speaker phone.
0:06.0	Yo, Preston, you're live on the podcast right now.
0:09.0	What's going on?
0:11.0	I feel like I can rule the world.
0:15.0	I know I could be what I want to.
0:17.0	I put my all in it like no day off on the road.
0:21.0	All right, we're live, Sean, I've got a weird thing for you.
0:24.0	Do you remember like 12 months ago,
0:25.9	I told you about Craig Fuller?
0:27.6	You know who Craig Fuller is?
0:29.0	Yeah, he's freight waves, right?
0:31.5	Yeah, so freight waves, it's a data product for people like guests
0:34.5	who are freight brokers, something like that.
0:36.6	And they're pretty big.
0:38.3	For some reason, if they run their company,
0:40.2	like they're publicly traded in that you can Google them
0:42.2	and see all their
0:42.8	revenue and profit and so I don't know the exact numbers but you guys do just
0:45.8	Google a freight waves revenue and they put out like quarterly statements which is
0:48.7	interesting but it's like a large like 60 or 80 million dollar a year software business or
0:53.4	or subscription data business anyway Craig is an interesting entrepreneur and I
0:57.6	told you about how he bought this thing called Flying magazine and what he did was he was a big fan of flying and he's
	...

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