My First Million

Brainstorming Ideas with The $200M Man

578 snips
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.
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INSIGHT

Bezos's Number Framework

  • Jeff Bezos started Amazon by noticing the internet's rapid 2700% annual growth.
  • He strategically chose books as an easy-to-ship product to capitalize on this trend.
ADVICE

Trend Analysis

  • Analyze trends by considering their doubling time, causes, and effects.
  • Use Google Scholar to find under-researched trends with business potential.
ANECDOTE

School Safety Market

  • School shootings have sadly created a market for school safety products.
  • This includes items like protective bookcases and clear backpacks.
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