How this viral AI App is making $190,000/month

Summary

In this engaging dialogue, the hosts discuss the concept of 'changing your world before changing the world,' emphasizing financial stability as a foundation for pursuing larger ambitions. They delve into the burgeoning market of AI-driven applications, particularly in the dating and personal coaching space, highlighting the success of a young entrepreneur's AI dating coach app, which boasts significant revenue and downloads. The conversation explores the sustainability of such business models, the risks of relying on third-party technologies like GPT, and the potential for human-interaction based services as an alternative. They also touch upon the importance of practicality in business advice, the value of direct communication in networking, and the intriguing idea of leveraging anti-trends to carve out unique market positions. The hosts share their personal experiences with sleep technology, contemplating the latest advancements and the potential for a membership club centered around achieving optimal sleep scores.

Takeaways

• 💡 Building a business can start with focusing on personal financial stability before aiming to change the world.
• 🚀 A young entrepreneur's success story with AI-driven apps demonstrates the potential of leveraging existing technology for new markets.
• 🤖 The AI dating coach app, built on top of chat GPT, is making significant revenue, indicating a growing market for AI-based companionship services.
• 📈 Diversifying apps across different verticals can be a smart strategy to mitigate risks and ensure sustained revenue streams.
• 📱 The importance of direct communication in business, such as providing a phone number for immediate contact, was highlighted as an effective networking technique.
• 💬 There's a market for both AI-driven services and human-led premium alternatives, suggesting an opportunity for businesses to cater to different consumer preferences.
• 🔍 The discussion suggests that there's value in observing trends and then identifying and capitalizing on anti-trends in the market.
• 😄 Humor and personality can be effective in marketing, as seen in the example of Brian Johnson's contrasting approach to health and longevity trends.
• 🛏️ The new Eight Sleep Pod 4 Ultra was discussed, emphasizing features like reduced noise, no visible pipes, and the ability to control the bed without a phone.
• 📊 Sleep technology and the concept of a '100 Club' for sleep fitness scores introduces the idea of community and subscription services centered around health metrics.
• 💭 The episode format, where one person brings topics for the other to react to, provides a dynamic and interactive podcast experience that could engage audiences.

Q & A

What is the main topic of discussion in the provided transcript?

The main topic of discussion is the concept of building businesses with a focus on financial stability and practicality before aiming to change the world, as well as the rise of AI-driven apps, particularly in the dating and personal coaching space.

What is the significance of the term 'nut' in the context of the discussion?

In the context of the discussion, 'nut' refers to achieving financial stability or independence, which is seen as a necessary first step before one can focus on larger ambitions or changing the world.

What is the 'Riz app' mentioned in the transcript?

The 'Riz app' is an AI dating coach built on top of chat GPT that has reportedly made significant revenue. It is used to help users with dating advice and crafting responses in dating apps.

What is the founder's strategy for creating successful apps as discussed in the transcript?

The founder's strategy involves leveraging existing technology like chat GPT, focusing on strong branding, creating a buzz around the app, and targeting specific niches such as dating, life advice, and personal style.

Why is the concept of 'anti-trends' important in the context of startup ideas?

Anti-trends are important because they represent opportunities in markets that are less saturated, allowing for less competition and potentially higher success rates for startups that can offer unique or contrasting solutions.

What is the speaker's opinion on the sustainability of businesses built on top of GPT technology?

The speaker believes that while there are risks, such as changes in the underlying technology's pricing or terms, the financial gains and business skills acquired can be substantial and transferable to future ventures.

What is the significance of the 'Brian Johnson' reference in the transcript?

The reference to 'Brian Johnson' is used as an example of someone who has capitalized on a trend (in this case, health optimization and longevity) by creating a business around it. The discussion also humorously explores the idea of an 'anti-Brian Johnson' approach.

What is the 'Eight Sleep Pod' mentioned in the transcript?

The 'Eight Sleep Pod' is a smart bed system designed to improve sleep quality. The new version, the Pod 4 Ultra, has features like the ability to adjust the bed's firmness and height, reduce snoring, and control temperature without needing a phone in the room.

What is the concept of the '100 Club' proposed in the transcript?

The '100 Club' is a proposed membership program for people who are striving to achieve perfect sleep scores, as measured by sleep tracking devices. The club would offer products and a community to support better sleep habits.

Why is practicality emphasized in the discussion about business and startups?

Practicality is emphasized because it ensures that the business has a solid financial foundation and a clear path to profitability, which is crucial for sustainability and growth, especially in the early stages of a startup.

What is the speaker's view on the criticism that some businesses are not world-changing?

The speaker argues that it's important for individuals to achieve personal financial stability before focusing on larger goals. They defend businesses that prioritize practicality and financial success as valid and important steps in an entrepreneur's journey.