My First Million #187 - How Vending Machines are Generating Millions, The Next Big Social App & Ghost Kitchens For Gifts
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May 28, 2021 Discover how part-time entrepreneurs are raking in six figures from vending machines and the secrets behind their success. Dive into the impressive journey of Vimeo as it rises to an $8 billion valuation, competing head-to-head with giants like YouTube. Explore the phenomenon of a new social app that rocketed to 500,000 downloads in just one day. Plus, get creative with the concept of ghost kitchens designed specifically for gifting, merging food delivery with innovative gifting ideas!
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Vimeo's Unexpected Success
- Vimeo, originally a CollegeHumor side project, became an $8 billion business.
- Starting as a video uploading tool before YouTube, it pivoted to high-quality videos for creators.
Megatrends and Niches
- Don't underestimate megatrends, even if you feel late.
- Niches within megatrends can become huge; Vimeo found success in high-quality video.
Paparazzi's Viral Launch
- Paparazzi, a new social app, gained 500,000 installs on its first day.
- Its unique hook is that other people take and share photos of you, creating candid content.