My First Million

Patrick Campbell: The Billion $ Quilting Industry And Using Spy Secrets To Gain A Competitive Edge

Jul 7, 2022

01:13:18

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Quick takeaways

Competitive intelligence plays a crucial role in business decision-making, informing marketing strategies and product development.

Identifying and combining multiple trends in a specific industry can lead to valuable business opportunities.

Gaining insights into competitors' strategies and industry trends is essential for effective marketing campaigns and customer retention.

Deep dives

Extracting Competitive Intelligence

One of the main ideas discussed in the podcast is the process of extracting competitive intelligence. The speaker shares insights on how to gather information about competitors through various methods, such as engaging with former employees, conducting surveys, and analyzing market data. The importance of collecting and organizing this information is highlighted, as it can inform marketing strategies, product development, and overall decision-making within a business.

Business idea - spying as a business - g2 as data source

00:51

Using NSA Learnings for Competitive Intelligence

01:36

Adding metrics product - free - should have raised money

01:37

Youth- abuse and debate champio

03:10

Introduction

2min

What's Going On, Gentlemen?

2min

How Did You Make Money With Stripe?

4min

The Biggest Data Base in the World, Right?

2min

Quilt Retreats Are a Community Type Thing, Right?

5min

Hub Spot - The Sponsor to the Arpad Cast

3min

Hallmark Quilts, a Privately Owned Company

3min

Are You Selling to Millennials or Genze?

2min

Have You Really Been Doing Apple Bees?

4min

10.

The Best Selling Car That Lasts 30 Years

3min

11.

What's the Biggest Trend?

4min

12.

How Do You Get Through All Your Research Methodologies?

3min

13.

Hub Hubspot Feedback - What's the Most Appreciator, Most Preferable?

3min

14.

Red Team Docks

2min

15.

How Much Time Are You Spending on Documentation?

3min

16.

How to Build a Business Using Glass Door Reviews

2min

17.

How Much Did You Make From the Sale?

2min

18.

The Debt Market Is So Shadowy That There's Not a Web Site

2min

19.

You're 32, How'll You A?

6min

20.

Onchberner's CEO, Mike Merrill

2min

21.

How Much Did You Pay for the Two Thousand Shares?

2min

22.

Yolizete Ga O Lulls 500 to a Thousand More Shares

2min

23.

Elon Musk Is a Good Investment, Right?

2min

24.

What Happens When I Die?

2min

25.

The Glasses Are a Good Thing, I'm Interested

2min

26.

I'll Send You Some Redacted.

2min

27.

Dod Shawn, I Didn't See My Insta Gram or Something?

2min

28.

What the Fuck Is Going on Here?

2min

29.

Imbound 20 22

3min

Shaan Puri (@ShaanVP) and Sam Parr (@TheSamParr) talk to Founder & CEO at ProfitWell, Patrick Campbell (@Patticus), about the billion dollar quilting industry, using spy secrets in business, buying cheap debt and a hostile takeover of a person.

Also, want $5,000? Check out the My First Million Clips contest.

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Links:

* ProfitWell

* Missouri Star Quilt Co.

* Hallmark

* KMikeyM

* Do you love MFM and want to see Sam and Shaan's smiling faces? Subscribe to our Youtube channel.

* Want more insights like MFM? Check out Shaan's newsletter.

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Show Notes:

(01:35) - Patrick Campbell background

(07:55) - Surprising businesses: Quilting and craft industry

(20:55) - Chili's and Applebees

(25:25) - Why you should invest in unsexy businesses

(26:50) - Rolling up trades & things for old people

(30:05) - Using spy secrets to get competitive intel

(46:30) - Buying debt to forgive it

(49:40) - How it feels to get very rich very young

(55:00) - Hostile takeover of a person

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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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