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Wealthy Way
Making Millions off Trends
Feb 3, 2024
Exploring popular trends like Pokemon, Power Rangers, and anime. Making money through COVID-related products and setting up testing sites. Integrating trends into existing businesses for profitability. Adapting to changing real estate market trends. Challenges in raising capital and finding profitable deals. Comparing single-family properties to multifamily properties.
08:07
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Quick takeaways
- Capitalizing on trends requires assessing their longevity and integrating trendy products into existing businesses.
- Being adaptable and informed is essential in the ever-changing real estate market, necessitating continuous learning, skill development, and strategic decision-making.
Deep dives
Adapting to Trends and Capitalizing on Opportunities
The podcast episode discusses the importance of adapting to trends and capitalizing on opportunities. The speaker shares examples of trends like Pokemon, Power Rangers, and fidget spinners that became popular and profitable for a short period of time. They emphasize the need to assess the longevity of a trend before investing heavily and instead suggest adding trendy products to existing businesses. The speaker highlights the role of influencers and social media in identifying and amplifying trends, such as Logan Paul revitalizing the Pokemon market and Gary Vaynerchuk reigniting interest in baseball cards. Additionally, they emphasize the importance of adaptability and being able to pivot to new market opportunities.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode