Companies of One that Make Millions with Steph Smith
Dec 23, 2021
54:30
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Quick takeaways
Combining passion with business acumen can lead to success, as showcased by Magnus Carlsen's company Play Magnus.
Public Domain Review, with approximately 500,000 monthly page views, offers a unique perspective on works in the public domain and attracts curious minds.
Creating a comprehensive website that provides curated lists of healthy options could be a profitable business opportunity, capitalizing on the popularity of health-related listicles.
Deep dives
Magnus Carlsen: The Chess Prodigy Turned Businessman
Magnus Carlsen, the number one chess player in the world, has built a business empire alongside his chess career. Through his company Play Magnus, he offers a subscription-based service and has already achieved a market cap of $115 million. With over four million registered users, Magnus Carlsen showcases how combining passion with business acumen can lead to success.
Discovering Public Domain Review
Public Domain Review is a fascinating website that explores the world of public domain works. With extensive coverage of various topics from historical prints to literature, the website attracts approximately 500,000 monthly page views. It offers a unique perspective on works that have entered the public domain and is a treasure trove for curious minds.
The Power of Listicles: Healthiest.com
The popularity of health-related listicles is evident with the high search volume for topics like the healthiest foods, healthiest fast food, and healthiest restaurant options. Capitalizing on this demand, creating a comprehensive website that provides curated lists of healthy options could be a lucrative business opportunity. By focusing on optimizing article content and keyword targeting, this type of website could attract substantial traffic and generate revenue through affiliate marketing and brand advertising.
Magnus Chess: Combining Chess and Streaming
Magnus Chess, a streaming platform created by Magnus Carlsen, has gained a strong following and revenue growth. With millions of registered users and a publicly traded company valuation exceeding $100 million, Magnus Chess capitalizes on the popularity of chess, streaming, and Carlsen's personal brand. This venture showcases the potential for building a successful business around a niche hobby or passion.
The Chess Boom: Playchess.com
The online chess community has experienced significant growth, with platforms like chess.com attracting millions of users. Playchess.com, which receives around 150 million monthly page views, serves as a hub for chess enthusiasts to play, learn, and engage with other players. The popularity of online chess presents opportunities to create engaging content and build a thriving community within the chess ecosystem.
Sam Parr (@theSamParr) sits down with Steph Smith (@StephSmithio), indie creator and host of the "Sh*t You Didn't Learn in School" podcast, to talk about companies with only one employee that are making millions and what we can learn from them.