How a $25 Million a Year Sweepstakes Business Works | My First Million #193

About this video

Sam and Shaan discuss three major topics: Oasis, a deepfake-for-Zoom technology that creates realistic digital avatars for video calls; the sweepstakes/giveaway business model, which generates substantial profits through email acquisition and merchandise sales; and Shaan’s predictions for what the next trillion-dollar companies in categories like Apple, Facebook, Amazon, 7-Eleven, and Netflix might look like.

Key takeaways

Oasis is a technology that tracks facial movements and sends only pixel coordinates rather than video, enabling high-quality video calls on low-bandwidth connections and allowing users to appear as idealized versions of themselves
The sweepstakes business is a viable path to $5-6M annual profit through lead generation and merchandise sales, exemplified by companies doing $26M revenue that acquire customers via YouTube sponsorships and sell entries plus branded merchandise
Shaan proposes buying ‘options’ on high-potential founders—essentially paying for first-refusal rights to invest in their next startup—as a way to build a portfolio of bets on exceptional operators
Shaan predicts the next Apple will be a healthcare monitoring device, the next Facebook will be a hands-free always-on camera, the next Amazon will be conversational voice-based shopping, and the next 7-Eleven will be automated micro-fulfillment centers with drone delivery

Episode details: published June 23, 2021 · 14K views · 1:02:46 long. Summary written by Self Growth Videos from the episode itself. The business ideas, figures and results discussed are the hosts’ and guests’ own claims, shared as brainstorming and entertainment — not verified facts and not investment advice.

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