Sam Parr is joined by Ryan Begelman. They talk about Ryan’s background and rise to success through Summit Series and raising enough money to buy a 10,000 acre mountain. In today’s episode we hear about Ryan’s background (1:15), Ryan talks about how Summit Series acquired a mountain (5:45), Sam and Ryan talk about frameworks for businesses and idea generation (17:33), Ryan talks about the future of “drop-servicing,” an alternative to drop-shipping (22:30), both guys geek out over subscription memberships and why they both love them (27:40), Ryan talks about how to reinvent the museum with immersive art and branded rooms. And how Meow Wolf created artistic rooms to experience art in a dynamic way (34:00), Ryan gives some advice on how to structure your business so you don’t need venture capital to start (38:30), Ryan asks “what if you could build the “Burning Man for the South” (47:20), Westminster Dog show for rescue dogs only and how to scale trade shows (50:45).
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Don’t press snooze on this opportunity: sleep supplements
The signal: As meditation becomes mainstream, people may be surprised to find that searches for sleep apps double their meditation counterpart. As people invest in getting a better night’s rest, there’s opportunity abound, including physical products like weighted blankets or premium PJs, supplements, popular insomnia drugs having their patents expire, companies paying their employees to sleep better, marketing for sleep specialists, or online sleep education (ex: sleep apnea test has 27k searches per month).
The alternative milk market is getting frothy
The signal: As more people wave goodbye to dairy, alternative milk is slowly taking over; it has already cornered 13% of the market. With the exception of soy milk, all of the alt-milks have been on the up, with some of the newer entrants including hemp milk and pea milk. Other alt-products are getting attention, including cashew cheese, with 18100 searches per month.
Capitalizing on the Airpods market, making more money than Shopify
The signal: Since killing the headphone jack, Apple has graced the world with AirPods, which did an estimated 60m units in 2019. That means AirPods alone are bringing in approx ~$10b in revenue, more than Twitter, Shopify, or Spotify, to name a few popular tech giants. Opportunity lies in Apple opening up SiriOS or the wave of iPhone accessories (including cases, cleaning kits, hooks, and keychains) which have shown “hockey stick” growth alongside their hardware predecessor.
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