In episode #2680, we delve into the success of Mr. Beast's YouTube video and the strategies that propelled it. We analyze how Mr. Beast's extensive social following and top-notch content played pivotal roles in generating significant revenue. The discussion also explores the importance of sharing content across various platforms and underscores the value of engagement, even in its minimal form. Furthermore, we emphasize the significance of focus in attaining success and shed light on the role of luck in business ventures. Lastly, we touch upon the future of advertising and discuss the potential impact of technologies such as Apple's Vision Pro.
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Check out more of Eric’s content (Leveling UP YT) and Neil’s videos (Neil Patel YT)
TIME-STAMPED SHOW NOTES:
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(00:00) Today’s topic: MrBeast makes $250k on X, Using ViewStats, and How to avoid the fate of legacy media
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(00:40) Mr. Beast's revenue per view and video performance
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(01:30) Mr. Beast's leveraging attention for more engagement
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(02:17) Introduction to View Stats, a YouTube analytics tool
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(03:39) The profitability of "ugly" businesses
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(05:15) Examples of successful entrepreneurs with "ugly" businesses
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(06:02) The importance of focus for success
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(07:46) The role of luck in business success
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(08:59) Examples of lucky acquisitions: YouTube and Instagram
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(09:30) Google's product updates improved YouTube's success.
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(09:49) Graph shows decline of newspaper advertising due to Google's rise.
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(11:01) Facebook and Netflix monetize through ads.
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(11:45) Amazon integrates ads into shows and movies.
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(11:59) Neil Patel's experience with Apple Vision Pro.
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(12:45) Discussion on the potential of AR and VR technology.
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(13:17) That’s it for today! Don’t forget to rate, review, and subscribe!
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