My First Million

Why Is Andrew Wilkinson Monetizing His Twitter Followers?

Aug 24, 2023

01:31:09

Snipd AI

Andrew Wilkinson, co-founder of Tiny and successful entrepreneur, shares how he monetizes his Twitter followers, takes a profit-first approach, and discusses the trap of always wanting more. He also talks about the business model of MetaLab, turning family member's lives into books, and the profitability of his agency. The podcast also explores Warren Buffett's investing approach and unique businesses like selling ethical meat from invasive deer. Cash flow and dividend policy are highlighted as important factors for business success.

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Quick takeaways

Andrew Wilkinson easily makes +$200k a year on Twitter through monetization strategies.

MetaLab's success is attributed to its unique offering, strong market positioning, and exceptional results.

The concept of one plus one equals 100 refers to creating exponential value by combining complementary elements or businesses.

Services like Book-in-a-Box demonstrate the demand for streamlining the book creation process and providing a platform for authors to share their stories.

Deep dives

No Story Lost

No Story Lost is a business that provides professional biographies for individuals by conducting interviews and writing personalized books about their lives. The company offers a VIP version of platforms like Story Worth, where customers can have biographers interview their family members and write a comprehensive biography. This service aims to make the process of preserving family stories and memories easier and more enjoyable for individuals and their loved ones.

The Ease of Running a Shepherd vs an E-commerce Business

02:29

Balancing Income and Spending

01:23

Routines Club: Discovering Successful People's Daily Routines

02:55

Awkward Encounter with an Uninterested Person

01:15

Introduction

3min

Muscle gain competition, vaccines, and living with David Goggins

3min

Creating an Ideal Life through Passion and Experimentation

3min

Monetizing Twitter Followers with Subscription Model

19min

The Profitability of Metal App

13min

Warren Buffett's Approach to Investing

11min

Website, agency, and a morning wake-up gadget

3min

Unique Businesses and Ethical Meat

7min

Opinions on Food Products and Investing in Personal Interests

18min

10.

Dividend Policy and the Importance of Cash Flow

10min

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.

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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/

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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

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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.

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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.

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