Why You Should Spend 5x Your Budget on an Engagement Ring | My First Million #201

In this episode Sam (@theSamParr) and Shaan (@ShaanVP) break down different Micro-SaaS and P2P marketplace companies. They also talk about changes we'll see in advertising, a non-profit that is an alternative to Substack/Wordpress, and IKEA Hacking. They end the episode talking about when it makes sense to have an unlimited budget for something. --------- * Want to be featured in a future episode? Drop your question/comment/criticism/love here: https://www.mfmpod.com/p/hotline/ * Support the pod by spreading the word, become a referrer here: https://refer.fm/million * Have you joined our private Facebook group yet? Go to https://www.facebook.com/groups/ourfirstmillion and join thousands of other entrepreneurs and founders scheming up ideas. — Check Out Shaan's Stuff: • Shaan's weekly email - https://www.shaanpuri.com • Visit https://www.somewhere.com/mfm to hire global talent (like Shaan does) and get $500 off for being an MFM listener. Hire developers, assistants, marketing pros, sales teams and more for 80% less than their US equivalents. — Check Out Sam's Stuff: • Hampton - https://www.joinhampton.com/ • Ideation Bootcamp - https://www.ideationbootcamp.co/ • Copy That - https://copythat.com • Hampton Wealth Survey - https://joinhampton.com/wealth 💰 Pitch your startup for a shot at a $1M investment with Sam Parr as the MC https://clickhubspot.com/pitch --------- Show notes: * (0:00) Intro * (1:32) What's going on with iOS privacy settings * (8:30) The future of advertising * (12:03) Ghost.org - Wordpress meets Substack * (16:42) IKEA Hacking * (28:11) The $400 million fitness influencer app * (30:35) Micro-SaaS tools that help you win * (35:58) BabyQuip.com - a P2P rental marketplace for parents on vacation * (40:11) Teachers paying teachers * (46:41) What regrets will you have at 90? * (56:32) The unlimited travel budget ----- Check out our website for more business ideas: https://mfmpod.link/i1z Subscribe to the podcast if you’d like to listen instead: https://mfmpod.link/1tv