Business Brainstorm: AG1 For Dogs, Sexy Sweaty Startups & Luxury Newsletters
Nov 9, 2023
01:02:25
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Entrepreneurs Shaan Puri and Sam Parr, along with guest Greg Isenberg, brainstorm business ideas including AG1 for dogs, daily fabler, sweaty franchises, luxury newsletters, and Stripe Atlas for trademarks.
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Quick takeaways
Luxury newsletters and exclusive software cater to the desires of the top echelon, providing unique and VIP experiences.
A niche newsletter focused on fables and moral stories can appeal to Gen Z seeking meaning and purpose in life.
Creating distinctive and high-end franchise models can offer exclusive and luxurious experiences to the top 1%, adding style and exclusivity.
Deep dives
Creating Niche Luxury Newsletters for the Elite
There is an emerging trend of luxury newsletters for the top 1%, offering exclusive and curated content. One example is Playing Field, a newsletter by Tom Brady's manager that is invitation-only and caters to NFL owners and top players. This concept taps into the desire for unique and VIP experiences that cannot be found elsewhere. Similarly, there is an opportunity to create exclusive software and app experiences that serve as status symbols for the elite, similar to Superhuman and its email software. These luxury newsletters and software offerings cater to the needs and desires of the top echelon, creating a sense of exclusivity and distinction.
Building a Business Around Fables and Moral Stories
Following the success of Ryan Holiday's daily stoic, there is an opportunity to create a similar concept focused on fables and moral stories. By curating and distilling famous fables such as Aesop's, a unique audience can be built, particularly among Gen Z, who seek meaning and purpose in life but may not align with traditional religious beliefs. This kind of niche newsletter can also offer monetization opportunities through merchandise and specialized products that align with the brand and message.
Creating High-End Experiences through Niche Franchise Models
The rise of franchises offering luxury experiences, such as Pink's Window Cleaning, presents an intriguing opportunity. By jazzing up otherwise mundane businesses and adding unique branding and merchandising elements, it is possible to create a highly desirable and distinctive brand. Similarly, there is an opportunity to establish niche franchise models that offer exclusive and one-of-a-kind experiences, similar to the special VIP experiences curated by elite fixers. These franchises can cater to the top 1% and offer luxurious experiences and services that cannot be found elsewhere, creating a sense of style and exclusivity.
The rise of 'cool' and 'indie' branding for formerly boring businesses
Younger people are starting to buy and invest in businesses that were once considered boring, using branding techniques to make them feel trendy, similar to the Dollar Shave Club's success in making shaving cool. The trend is expected to continue for various industries, such as self-storage, U-Haul, window washing, trash removal, HVAC, etc.
The potential for franchising on the internet and the need for streamlined trademark processes
There is an opportunity to bring the benefits of franchising to the internet, particularly for service-based businesses. This would enable internet entrepreneurs to provide established brand and marketing support to partners who would handle operations and fulfill customer demand. Additionally, the podcast episode discusses the need for simplified and affordable trademark processes, similar to the way Stripe Atlas revolutionized the company formation process.
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.