My First Million cover image

My First Million

This $50M/Yr Side Hustle Is On Track To Make $1 Billion By 2030

Jun 3, 2024
Preston Holland, CEO of Flying Magazine and a key player at Firecrown, shares insights on turning a side hustle into a $50M business through effective media acquisitions. He discusses innovative strategies for revitalizing hobby magazines and merging publishing with real estate. The conversation also touches on the evolving landscape of AI cameras in sports broadcasting and explores the financial behaviors of the wealthy, including the myths surrounding second homes. Holland's entrepreneurial journey highlights the magic of blending creativity with sound business practices.
52:49

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

  • Diversification through magazine acquisitions and unique projects can lead to substantial revenue growth.
  • AI-based cameras are revolutionizing sports events with advanced tracking, live streaming, and cloud capabilities.

Deep dives

Craig Fuller's Innovative Business Ventures

Craig Fuller, an entrepreneur, diversified his business portfolio by acquiring various magazines, including Flying magazine, and investing in unique projects like a flying club in Tennessee. With over 30 acquired magazines and a $50 million annual prediction, he aims for a billion-dollar revenue by 2030 by leveraging his media businesses to sell products to target audiences.

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