My First Million

#193 - How a $25 Million a Year Sweepstakes Business Works and Shaan Predicts the Future

Jun 23, 2021
Dive into the fascinating world of sweepstakes, where high-value prizes become powerful tools for business growth. Discover a novel take on deep fakes with Oasis, which redefines video calls. Learn about the ethical complexities of operating a sweepstakes business and how startups can monetize effectively. Finally, enjoy visionary predictions on the future of industry giants like Apple and Netflix, as they adapt to new technological landscapes and user expectations.
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ANECDOTE

Oasis: A Deepfake for Zoom

  • Shaan describes Oasis, a deepfake tool for Zoom, as a groundbreaking idea.
  • It creates realistic digital representations, addressing self-consciousness on camera.
INSIGHT

Oasis's Potential to Disrupt Zoom

  • Oasis's potential lies in transforming business communication and video calls.
  • It offers enhanced visuals and works on low-bandwidth connections, surpassing Zoom's limitations.
ADVICE

Exploring the Giveaway/Sweepstakes Business

  • Giveaways/sweepstakes are a lucrative business model with various applications.
  • Consider giveaways to acquire users or leads.
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