Unsexy business ideas database: https://clickhubspot.com/fpko
Episode 879: Shaan Puri ( https://x.com/ShaanVP ) and Sam Parr ( https://x.com/theSamParr ) talk about businesses that non-technical people can still win at in the age of AI.
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Show Notes:
(0:00) NADA
(3:59) White Coat Investor
(5:03) BNI
(8:35) MODA
(11:12) Finding/Nurturing Whales
(15:50) Triumph
(21:43) Private Photo Vault
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Links:
• NADA - https://www.nada.org
• White Coat Investor - https://www.whitecoatinvestor.com/
• BNI - https://www.bni.com/
• MODA - https://www.modacommunities.com/
• Triumph Labs - https://www.triumphlabs.com/rips
• Collector Crypt - https://collectorcrypt.com/
• Private Photo Vault - https://privatephotovault.com/
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Check Out Sam's Stuff:
• Hampton (joinhampton.com): My community for founders. Average member does $25m/year. Many of the guests are members. Get after it...apply: http://joinhampton.com/mfm
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Check Out Shaan's Stuff:
• Shaan's weekly email - https://www.shaanpuri.com
• Visit https://www.somewhere.com/mfm to hire worldwide talent like Shaan and get $500 off for being an MFM listener. Hire developers, assistants, marketing pros, sales teams and more for 80% less than US equivalents.
• Mercury - Shaan uses Mercury across all of his companies. you can too: http://mercury.com/
Mercury is a fintech company, not an FDIC-insured bank. Banking services provided by Choice Financial Group, Column, N.A., Members FDIC
• I run all my newsletters on Beehiiv and you should too + we're giving away $10k to our favorite newsletter, check it out:
beehiiv.com/mfm-challenge
My First Million is a HubSpot Original Podcast // Brought to you by HubSpot Media // Production by Arie Desormeaux // Editing by Ezra Bakker Trupiano /
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Summary
This episode of "My First Million," titled "The 2 businesses AI can never make obsolete," features Shaan Puri and Sam Parr discussing opportunities in business ventures that remain viable and profitable even in the AI-driven future, emphasizing the power of communities. They delve into several examples of successful community-based businesses, such as NADA Twenty Groups, a peer group model for auto dealers, and White Coat Investors, a financial advice community for doctors. The conversation highlights how these community-driven businesses provide lasting value due to their focus on human interaction and shared interests, which AI cannot easily replicate. The episode also touches on innovative business models like MODA, which operates Facebook communities for enthusiasts to buy and sell luxury items, showcasing how people with disposable income and niche interests drive these profitable ecosystems.