#194 with Justin Mares – The 4 Types of Side Hustles and how to launch a $100M DTC brand

Justin Mares (@jwmares) joins Sam (@TheSamParr) and Shaan (@ShaanVP) on this episode. Justin breaks down his most popular blog post, the 4 types of side hustles, and brings all kinds of ideas for how you can start your own. They also talk about Justin’s DTC businesses – Kettle & Fire, Perfect Keto, and Surely Wines. They end the episode with a few ideas around camping, a new dating app, and how to leverage VAs & no code tools.

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Show notes:

* (1:23) How Sam & Justin know each other

* (5:17) Justin’s DTC bone broth company

* (10:00) Frameworks for side hustles

* (13:22) Side Hustle 1: Buying an asset

* (17:51) Side Hustle 2: Launching on top of a marketplace with demand

* (22:08) Side Hustle 3: Unique product that grows through paid acquisition

* (25:31) How Justin balances all his projects

* (30:38) The $30K/year CGM experiment

* (39:09) The skinny on Duck Duck Go

* (42:32) Ideas: Airbnb camping

* (45:27) Idea: Non alcoholic wine

* (51:10) How to naturally boost your T levels

* (1:01:04) Idea: Dating app based on your credit card usage

* (1:03:49) Idea: The no code automation officer

* (1:07:28) How to follow Justin

#193 – How a $25 Million a Year Sweepstakes Business Works and Shaan Predicts the Future

Shaan (@ShaanVP) and Sam (@TheSamParr) go in depth on how the Sweepstakes industry works, and Sam shares how they would use sweepstakes to grow the Hustle. The guys also discuss a business friendly take on deep fakes, a no-chicken chicken nugget, and how options contacts could work for startup founders. They end the episode with a long segment where Shaan predicts what the next version of today’s big companies will look like.

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* Want to be featured in a future episode? Drop your question/comment/criticism/love here: https://www.mfmpod.com/p/hotline/

* Support the pod by spreading the word, become a referrer here: https://refer.fm/million

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Show notes:

* (1:20) Recap of episode 

* (6:36) Brick and mortar businesses

* (10:45) Losing millions with shipping delays

* (14:26) Oasis – a positive spin on deep fakes

* (23:23) Multi-million dollar sweepstakes businesses

* (36:39) How the Hustle thought about user acquisition

* (41:12) The chicken-free chicken nugget

* (44:09) Options contracts for startups

* (50:16) The Future: Shaan gazes into a crystal ball

* (51:13) The Future: Apple

* (51:56) The Future: Facebook

* (53:23) The Future: Amazon

* (54:31) The Future: 7/11

* (55:28) The Future: Netflix

* (56:55) The Future: Pornhub

* (57:53) The Future: Domino’s

* (59:30) Episode close

Greatest Hits #6 – Sam Tells All, Again – Selling for 10s of Millions after Making Millions with an Email Newsletter

On this episode, Sam (@theSamParr) gives an update on an earlier episode with one of our most popular guests, himself. Sam revisits what he said almost 2 years during Episode 3, and shares 18 updates on how he currently thinks about those same topics now.

Sam Parr (@theSamParr) is the founder of The Hustle – a simple email newsletter that has surpassed 1M daily subscribers and will be north of 8 figures this year. Sam walks us through how he built The Hustle from scratch as well as his adventures starting a hot dog stand, selling booze on the internet, meeting celebrities on the street and convincing them to hire him and how he would get rich if he was 21 again!

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* Want to be featured in a future episode? Drop your question/comment/criticism/love here: https://www.mfmpod.com/p/hotline/

* Support the pod by spreading the word, become a referrer here: https://refer.fm/million

* Have you joined our private Facebook group yet? Go to https://www.facebook.com/groups/ourfirstmillion and join thousands of other entrepreneurs and founders scheming up ideas.

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Sam’s commentary:

* (1:02) Sam intro commentary

* (7:41) Sam commentary 2

* (13:56) Sam commentary 3

* (20:07) Sam commentary 4

* (25:14) Sam commentary 5

* (39:46) Sam commentary 6

* (42:52) Sam commentary 7

* (45:16) Sam commentary 8

* (47:33) Sam commentary 9

* (49:06) Sam commentary 10

* (53:18) Sam commentary 11

* (54:43) Sam commentary 12

* (58:07) Sam commentary 13

* (1:05:42) Sam commentary 14

* (1:06:06) Sam commentary 15

* (1:07:37) Sam commentary 16

* (1:09:29) Sam commentary 17

* (1:12:32) Sam final commentary

MFM Mini – Stop Living Hour-to-Hour

Do you like these mini episodes? Tweet your feedback to Shaan (@ShaanVP) & get more short stories like this on his newsletter www.shaanpuri.com.

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* Want to be featured in a future episode? Drop your question/comment/criticism/love here: https://www.mfmpod.com/p/hotline/

* Support the pod by spreading the word, become a referrer here: https://refer.fm/million

* Have you joined our private Facebook group yet? Go to https://www.facebook.com/groups/ourfirstmillion and join thousands of other entrepreneurs and founders scheming up ideas.

#192 – Making Billions with Greeting Cards, How the FBI Took Down Thousands of Criminals, & Rich People (not) Paying Taxes

Shaan (@ShaanVP) and Sam (@TheSamParr) break down the greeting card industry. They talk about digital cards and the staying power of card subscriptions, a new way to send gifts over social, and Shaan shares a story about his roots as a business operator. They discuss a subscription business for expecting mothers and Shaan shares an interesting story about the FBI. The end of the episode they talk about a little known Billy of the week.

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* Want to be featured in a future episode? Drop your question/comment/criticism/love here: https://www.mfmpod.com/p/hotline/

* Support the pod by spreading the word, become a referrer here: https://refer.fm/million

* Have you joined our private Facebook group yet? Go to https://www.facebook.com/groups/ourfirstmillion and join thousands of other entrepreneurs and founders scheming up ideas.

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Show notes:

* (1:23) Recap of episode 

* (2:54) Making billions with greeting cards

* (5:46) Segue: how the podcast changed Shaan’s brain

* (8:51) Back to greeting cards

* (9:56) Making millions for decades at birthdayalarm.com

* (15:54) Givingli & Hooked 

* (18:39) Thoughts on the Pro Republic article

* (25:28) The subscription for expecting mothers

* (34:20) Outpacing the S&P with the anti-Galloway Index

* (37:33) The secret FBI crackdown on criminals

* (40:51) The growth of privacy focused apps

* (43:20) Recapping the genius of Mike Maples

* (48:35) Technology at Chick-fil-a

* (54:53) McKinsey for tech consulting

* (56:55) Consensys

* (59:27) The Gordon Bombay of crypto

* (1:04:19) The hypothetical invisible medium that permeates the universe

#191 with Mike Maples – 4 Big Trends and $0 to $1 Billion Startup Idea Frameworks

Shaan (@ShaanVP) and Sam (@TheSamParr) talk with seed VC Mike Maples (@m2jr). Mike is a co-founding Partner at Floodgate. He has been on the Forbes Midas List eight times in the last decade due to notable investments like Twitter, Twitch, Lyft, and Okta. In this episode he talks about the four big trends he is excited about, the types of companies he likes to invest in, and why a startup isn’t a company. He shares a few of the mental models he uses at Floodgate to evaluate startups and shares the thoughts behind some of his unique turns of phrase.

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* Want to be featured in a future episode? Drop your question/comment/criticism/love here: https://www.mfmpod.com/p/hotline/

* Support the pod by spreading the word, become a referrer here: https://refer.fm/million

* Have you joined our private Facebook group yet? Go to https://www.facebook.com/groups/ourfirstmillion and join thousands of other entrepreneurs and founders scheming up ideas.

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Show notes:

* (1:02) – Debrief of the episode

* (6:37) – Intro to Mike Maples

* (9:02) – How Mike thinks about the next big thing

* (11:00) – The 4 inflections Mike is excited about

* (13:51) – Cloud Offices

* (19:33) – A brief history of centralization & decentralization

* (22:48) – Examples of software defined companies

* (26:14) – A practical way to prepare for the future

* (30:23) – How Mike thinks about investing in startups

* (33:07) – Startup investing mental models

* (37:39) – Mike’s take on “1 to n” businesses

* (42:36) – Mike on Balaji

* (47:11) – Mike on media companies 

* (49:49) – Force a choice, not a comparison

* (54:46) – Mike’s information diet

* (57:40) – Contact info & future topics

Greatest Hits #5 – The 1-800-GOT-JUNK Story

We’re trying a new format. Sam (@theSamParr) adds his commentary throughout the episode this week. Let him know on Twitter what you think of the change.

Brian Scudamore (@BrianScudamore) is North America’s Junk Man. He turned a $700 pickup truck into one of the world’s most successful franchises. Hear how he got started, got on Oprah, stumbled and almost killed his business, and the philosophies he uses to run his multimillion dollar junk empire!

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* Want to be featured in a future episode? Drop your question/comment/criticism/love here: https://www.mfmpod.com/p/hotline/

* Support the pod by spreading the word, become a referrer here: https://refer.fm/million

* Have you joined our private Facebook group yet? Go to https://www.facebook.com/groups/ourfirstmillion and join thousands of other entrepreneurs and founders scheming up ideas.

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Show notes:

* (3:41) Intro by Shaan to original episode

* (5:22) How Brian got his story out there

* (8:42) The origin story of 1-800-Got-Junk

* (19:28) How Brian got the 1-800-Got-Junk number

* (24:18) The vision board and getting on Oprah

* (34:07) How Brian tore everything down to rebuild even better

* (38:56) What Brian focuses on when hiring

* (47:07) Why business went down $40M and how Brian responded

* (51:58) Q1: What does Brian see as their breakthrough moment?

* (53:14) Q2: How does Brian get liquidity & think about money?

* (56:44) Q3: What would Brian do if he was 21 again?

* (57:58) Getting in touch with Brian

Sam’s commentary:

* (1:02) Sam’s intro commentary

* (4:42) Sam commentary 2

* (10:41) Sam commentary 3

* (12:46) Sam commentary 4

* (14:45) Sam commentary 5

* (15:23) Sam commentary 6

* (20:45) Sam commentary 7

* (31:16) Sam commentary 8

* (39:46) Sam commentary 9

* (41:33) Sam commentary 10

* (54:44) Sam commentary 11

* (59:33) Sam final commentary

MFM Mini – The Way To Be Confident

Shaan (@ShaanVP) used to be super shy. Now he is known for his confidence. Talking on stage in front of thousands or starting new business takes confidence. In this 10 minute mini episode he talks about what the turning point was for him, and his unusual hack for building confidence.

Like Shaan’s stories? Subscribe to his newsletter to get 1-2 stories like this a week at www.shaanpuri.com

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* Want to be featured in a future episode? Drop your question/comment/criticism/love here: https://www.mfmpod.com/p/hotline/

* Support the pod by spreading the word, become a referrer here: https://refer.fm/million

* Have you joined our private Facebook group yet? Go to https://www.facebook.com/groups/ourfirstmillion and join thousands of other entrepreneurs and founders scheming up ideas.

#190 – Making Billions in Coworking, the Dark Side of Confidence, and the Future of Sports Recovery

WeWork isn’t the only game in coworking. In this episode, Shaan (@ShaanVP) and Sam (@theSamParr) break down the multi-billion dollar coworking industry and identify what you need to succeed. Shaan shares an awesome story about Steve Jobs and the guys talk about the future of sports recovery and where money is to be made with athletic endorsements.

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* Want to be featured in a future episode? Drop your question/comment/criticism/love here: https://www.mfmpod.com/p/hotline/

* Support the pod by spreading the word, become a referrer here: https://refer.fm/million

* Have you joined our private Facebook group yet? Go to https://www.facebook.com/groups/ourfirstmillion and join thousands of other entrepreneurs and founders scheming up ideas.

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Show notes:

* (1:24) – Episode Intro

* (3:18) – Opportunities in coworking

* (11:56) – The MFM co-working space?

* (15:27) – The mystique of Adam Neumann

* (19:34) – The duality of extreme confidence

* (30:40) – You can’t say no to Steve Jobs

* (36:39) – Shaan’s dream exercise for new hires

* (38:47) – The Nike of sports recovery

* (47:29) – Cryotherapy in a barrel

* (51:13) – Saunas and sensory deprivation

* (52:57) – Leveraging opportunities around pro athletes

* (58:07) – Outro

#189 – Second-hand E-commerce, Door-to-door Sales, and Live Show Recaps

Sam (@theSamParr) & Shaan (@ShaanVP) discuss second-hand e-commerce, door-to-door sales, and business poised to bounce back after COVID in this episode. They start off the episode recapping the live shows in Miami and Austin which leads them into personal travel and other slingshot business set to rebound after a COVID slump. The guys transition to the Mayweather Paul fight, the infamous Charizard necklace, and to some exciting things happening in the NFT space. They close it out with Shaan sharing ideas on litigation finance, second-hand e-commerce, and a fantastic story on door-to-door sales.

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* Want to be featured in a future episode? Drop your question/comment/criticism/love here: https://www.mfmpod.com/p/hotline/

* Support the pod by spreading the word, become a referrer here: https://refer.fm/million

* Have you joined our private Facebook group yet? Go to https://www.facebook.com/groups/ourfirstmillion and join thousands of other entrepreneurs and founders scheming up ideas.

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Show notes:

* (1:16) – Episode Overview

* (2:31) – Intro

* (5:44) – Recap of Live Shows

* (6:55) – Personal travel is crazy right now

* (10:10) – Sam & Shaan on slingshot startups

* (20:26) – How sports are innovating

* (23:09) – Floyd Mayweather vs. Logan Paul

* (25:27) – The Charizard Necklace

* (27:18) – LaMelo Ball’s NFT collection

* (33:55) – What is Ether.Cards

* (41:52) – Peter Thiel and litigation finance

* (50:22) – Second-hand e-commerce

* (1:00:42) – Mega-segment on door-to-door sales

* (1:20:11) – Outro