Sharing Our Best Crypto Business Ideas To Start In 2022

About this video

Sam, Shaan, and guest Greg discuss diverse topics including their takes on the Will Smith Oscar slap incident, Alex Hermosi’s gym coaching business model and book, and several business ideas including NFT vending machines, security deposit recovery services, and the broader question of whether to build new products versus iterate on existing ones as founders age.

Key takeaways

• Alex Hermosi’s gym launch model worked by selling gym owners a ‘grand slam offer’—promising specific revenue increases (like $75K-$200K) and taking payment only on results—which is highly effective for service businesses but harder to replicate in product categories where ROI is harder to guarantee
• The hosts use an Amazon-style ‘silent reading’ meeting format and propose creating internal ‘book clubs’ where teams pause through content together to discuss and apply ideas, rather than individuals consuming content separately
• Sam and Shaan have shifted from pursuing high-risk, ‘cutting edge’ ventures in their 20s (seeking maximum adventure and difficulty) toward lower-complexity businesses that provide lifestyle flexibility, reserving the option to pursue harder challenges once their children are older and they have more bandwidth
• Greg proposes several business ideas worth exploring: 1) NFT/crypto-based gotcha/claw machine games at venues or via QR codes, 2) a ‘scary lawyer letter’ on-demand service for security deposits (similar to Do Not Pay), and 3) a marketing funnel for web3-focused crypto law and accounting firms
• Do Not Pay and similar ‘unbundling’ services succeed by eliminating tedious paperwork (subscriptions, parking tickets, security deposits) and are examples of high-margin businesses that are really time-saving and customer experience improvements rather than entirely new inventions

Episode details: published April 1, 2022 · 15K views · 1:20:45 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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