My First Million
Brainstorming Ideas with The $200M Man
Nov 16, 2023
Patrick Campbell, founder of the $200M ProfitWell, joins the conversation to explore business trends ripe for investment, such as rising interests in sports betting and the impact of societal issues. He shares innovative frameworks like the Bezo's Number and Product Remix, emphasizing the importance of smart pricing strategies. Listeners will learn about the surprising secrets of the ultra-wealthy, from effective to-do lists to mindful spending leading to happiness. Campbell also discusses the elusive concept of financial freedom and shares his insights on business success.
01:11:37
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Quick takeaways
- Identifying fast-growing trends and leveraging them to find business ideas is a valuable approach emphasized in the Bezos number framework.
- Spending money on targeted items, investing in experiences, and engaging in activities that promote freedom contribute to the happiness of wealthy individuals.
Deep dives
Key Point 1: The Bezos number framework
The Bezos number framework involves starting with a trend and then finding a business opportunity in that space. It emphasizes the importance of knowing your customer and space before starting to build. Using industry reports, trend websites, and academic research, entrepreneurs can identify fast-growing trends and leverage them to find business ideas.
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