Why Is Andrew Wilkinson Monetizing His Twitter Followers?

My First Million

Hubspot

Investing, Entrepreneurship, Business

4.7 • 2.9K Ratings

🗓️ 24 August 2023

⏱️ 89 minutes

🔗️ Recording | iTunes | RSS

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Summary

Episode 488: Shaan Puri (https://twitter.com/ShaanVP) and Sam Parr (https://twitter.com/theSamParr) talk with Andrew Wilkinson (https://twitter.com/awilkinson) - entrepreneur and co-founder of Tiny - about how he’s easily making +$200k a year on Twitter. Andrew also opens up about his $80m a year agency that provides the cash flow to expand his business portfolio, why you should take a profit-first approach, the classic trap the rich fall into and more. Plus, Sam reveals his game plan for Hampton. Want to see more MFM? Subscribe to the MFM YouTube 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 (8:34) How to make millions from Twitter/X (13:54) The reality of meeting celebrities and billionaires (18:18) How do you play the status game? (21:54) The reality of going on a $100M yacht (25:05) The trap of always wanting more (27:40) How does MetaLab make so much money? (35:42) How Andrew would start from scratch (39:47) The 1+1=100 business model (43:58) Businesses that turn your family member’s life into a book (52:00) Business that runs you through the day of successful people (55:32) Why he invested in Maui Nui Venison (1:07:03) How much will Hampton be worth in 10 years? (1:16:59) Why you should adopt the profit-first mindset (1:28:36) Closing thoughts — Links: • Andrew’s Twitter - https://twitter.com/awilkinson • Storyworth - https://tinyurl.com/bdfubc58 • No Story Lost - https://nostorylost.com/ • Routines - Routines.club • Tamba - https://www.tamba.ca/ • Maui Nui Venison - https://mauinuivenison.com/ • Profit First Book - https://tinyurl.com/3pb9mzzs • Do you love MFM and want to see Sam and Shaan's smiling faces? Subscribe to our Youtube channel. — 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	That's like $800,000 of recurring revenue.
0:02.8	If I get two and a half percent, that's two million.
0:05.2	If I do five percent, that's four million.
0:07.9	And if you just think about what would I pay for a business
0:10.5	that makes me that much money a year.
0:12.5	Like this is like $5, 10, $15 million of value.
0:16.4	And so I'm looking at it and going, this is great.
0:18.8	I'd pay for what I'm getting.
0:20.4	Yeah.
0:30.7	All right. What's going on, everyone?
0:31.9	We have Andrew Wilkinson on the pod today.
0:33.8	Andrew is one of our great, great friends.
0:35.8	He runs this company called Tiny,
0:37.8	which is publicly traded in Canada.
0:39.4	It's a holding company that owns like 40 different companies.
0:41.6	I think it's publicly traded at like a $800,000,000 market cap.
0:45.2	Something like that does 150-ish in a year in revenue.
0:48.1	So he's got a really good insight.
0:49.9	And we talked to him about a few interesting things.
0:52.0	One thing that sounds kind of like not that cool,
0:54.7	but actually is cool is he hung out with a few folks
0:56.6	that are worth like $10 or $20 billion recently.
	...

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