How to Stop Your Tech Addiction | My First Million #205

About this video

Sam and Shaan explore several emerging business opportunities and rule changes, including online lottery ticket sales (Slips), NIL deals for college athletes and compliance software to manage them, the mugshot aggregation and removal industry, porn/digital addiction apps (Blocker X), and Sam’s chrome extension idea to pay users for visiting websites.

Key takeaways

• Rule changes create business opportunities: Slips leverages the ban on online lottery sales by hiring people to physically buy tickets and photograph them, sidestepping regulations while adding convenience. Similarly, NIL rule changes for college athletes have spawned compliance and deal-facilitation software markets.
• The first simple, useful product often wins over later comprehensive solutions: In nascent markets like NIL compliance, whoever builds and distributes an easy tool first gains adoption and becomes the system of record, then can expand upmarket—more valuable than building the ‘perfect’ solution initially.
• Unglamorous businesses can be lucrative: Mugshot aggregation sites (mugshots.com, bustedmugshots.com, etc.) generate hundreds of thousands of monthly visitors by hosting public records, then monetize via pay-to-remove-your-mugshot model or removal service affiliates, despite ethical concerns.
• Chrome extensions validate demand for behavior-change apps: Block Site (1M+ users) and similar digital detox extensions show strong consumer appetite for tools combating phone/social media addiction; newer competitors like Blocker X apply the model to porn addiction specifically.
• Ad arbitrage and user value can be reimagined: A chrome extension paying users for their browsing traffic (similar to Brave’s model) unbundles the Facebook/Google ad system, lets brands bid on user attention based on their spending patterns, and creates a foundation for micropayments on publisher content.

Episode details: published July 31, 2021 · 5.9K views · 53:08 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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