5 Genius Business Tactics Turning Broke Authors Into Millionaires
Summary
TLDRIn this engaging discussion, the host delves into the diverse revenue streams authors leverage beyond book sales. Highlighting figures like Ryan Holiday, who earns more from his 'Daily Stoic' newsletter and merchandise than his literary works, the conversation uncovers creative business models. It showcases James Patterson's collaborative approach to writing, producing a high volume of books, and explores the success of self-published authors like Hugh Howey, who achieved significant sales leveraging community engagement and strategic marketing.
Takeaways
- π Ryan Holiday, a renowned author, has made more money from his daily newsletter 'Daily Stoic' and associated merchandise than from book sales alone.
- ποΈ The 'coin thing' refers to Holiday's strategy of selling coins with inspirational Latin inscriptions, which have a high profit margin and no returns or size issues, contributing significantly to his earnings.
- π James Patterson, a highly prolific author, has sold around 500 million copies of his books and has employed a team of co-authors to help produce an average of seven books a year.
- π Patterson's approach involves creating a brand around his name, with co-authors writing under his guidance, resulting in a substantial income of around $800 million.
- πͺ The Stratemeyer Syndicate was a company that created series like Nancy Drew and The Hardy Boys, attributing all works to a single author to maintain a consistent brand.
- π€ Authors are exploring alternative revenue streams beyond traditional book sales, such as merchandise, newsletters, and coins, which can be more profitable.
- πΌ Jack Carr, a former Navy SEAL, has capitalized on his brand by naming products in his books and selling related gear through his website, leveraging affiliate marketing and his own products.
- π¦ Steve Rinella transformed his book 'American Buffalo' into the MeatEater brand, which includes a website, podcast, and various outdoor products, achieving $100 million in revenue.
- π The story of Hugh Howey, the author of 'Wool', illustrates the power of self-publishing and community building, as he sold film rights and gained significant success without a traditional publisher.
- π‘ The script highlights the idea that authors can 'productize' their work and create additional income streams through strategic branding and leveraging their audience's trust.
Q & A
Who is Ryan Holiday and what is his connection to the story?
-Ryan Holiday is an author known for his works on stoicism. He is mentioned in the script as someone the speaker recently hung out with and who has appeared on the speaker's podcast. He is relevant to the story as he exemplifies an author who has found success in generating income through means other than just book sales, such as his 'Daily Stoic' newsletter and associated merchandise.
What is the 'Daily Stoic' and how does it contribute to Ryan Holiday's income?
-The 'Daily Stoic' is a daily newsletter created by Ryan Holiday. It is a property that has allowed him to earn more money than he does from selling his books. The newsletter includes content related to stoicism and also sells coins, merchandise, and advertisements, which collectively have become a significant source of his income.
What is the significance of the coin mentioned in the script in relation to Ryan Holiday's business strategy?
-The coin is a physical product that Ryan Holiday sells as part of his business strategy. It is significant because it represents a non-traditional way for an author to generate income. The coin is inscribed with Latin phrases related to stoicism and has become a popular item, contributing to Ryan Holiday's financial success outside of book sales.
Who is James Patterson and what is unique about his approach to writing and publishing books?
-James Patterson is a highly successful author known for his thriller novels. What is unique about his approach is that he has adopted a model similar to the Stratemeyer Syndicate, where he collaborates with co-authors to produce a high volume of books under his name. This method has allowed him to publish an average of seven books a year and has contributed to his immense success and wealth.
How has James Patterson's method of working with co-authors impacted his productivity and income?
-James Patterson's method of working with co-authors has significantly increased his productivity, allowing him to release a large number of books each year. This high volume of publications, along with the popularity of his work, has greatly increased his income, making him one of the wealthiest authors in the industry.
What is the 'Stratmeyer Syndicate' and how did it influence the approach to children's book publishing in the 1930s?
-The 'Stratmeyer Syndicate' was a company established in the 1930s that focused on publishing children's books. It was unique in that it created a series of books under the same author name, but was actually written by various authors following a set of guidelines. This approach allowed for a high volume of books to be produced and contributed to the popularity of series like Nancy Drew and The Hardy Boys.
What is the business model that Steve Ranella, the founder of 'MeatEater', has successfully adopted?
-Steve Ranella has successfully adopted a content-to-commerce business model. Starting with his book 'American Buffalo', he created the 'MeatEater' brand which includes a website, podcasts, recipe books, and a variety of outdoor and hunting-related products. This model has allowed him to generate significant revenue beyond just book sales.
How has Steve Ranella leveraged his 'MeatEater' brand to expand into different business areas?
-Steve Ranella has leveraged the 'MeatEater' brand to expand into various business areas by purchasing and integrating other brands under the 'MeatEater' umbrella. This includes a duck call business and a clothing line, which have collectively contributed to the brand's revenue of over 100 million dollars.
What is the significance of the 'Wool' series by Hugh Howey in the context of self-publishing success stories?
-The 'Wool' series by Hugh Howey is significant as it represents a major success story in self-publishing. After an initial struggle to sell his work, Howey found success by pricing his book at 99 cents, engaging with his readers, and leveraging platforms like Goodreads and Reddit. His approach to community building and fan engagement helped him sell half a million copies and secure a film deal, showcasing the potential of self-publishing.
What strategies did Hugh Howey employ to promote his 'Wool' series and build a dedicated reader base?
-Hugh Howey employed several strategies to promote his 'Wool' series, including pricing the initial book at 99 cents to attract readers, engaging with fans on platforms like Goodreads and Reddit, encouraging fan fiction and fan art, and making his super fans beta readers for his upcoming books. These strategies helped him build a dedicated reader base and increase his sales significantly.
Outlines
π Ryan Holiday's Diversified Revenue Streams
The host discusses an encounter with author Ryan Holiday, who mentioned that authors often earn more from speaking engagements than book sales. Ryan Holiday has notably made significant income from his 'Daily Stoic' newsletter, selling coins and merchandise, which has outperformed his book sales. The host expresses a desire to explore alternative income methods for authors beyond traditional book publishing.
π€ James Patterson's Thriller Empire
The host delves into the success of James Patterson, a prolific author known for his thriller novels. Patterson has adopted an unorthodox approach to writing, utilizing a team of co-authors to produce a high volume of books annually. This strategy has led to remarkable sales figures, with Patterson's name becoming a brand synonymous with bestsellers. His business acumen, honed during his advertising career, has translated into a substantial fortune, with earnings estimated at around $800 million.
ποΈ Jack Carr's Branded Military Fiction
The host talks about Jack Carr, a former Navy SEAL who has gained popularity with his military-themed novels. Carr's books are known for their detailed product placements, which he leverages on his website to sell related merchandise and gear. This approach has created a unique brand around his books, offering readers a chance to engage with the lifestyle portrayed in his stories through affiliate marketing and direct sales.
π¦ Steve Rinella's Outdoor Empire
Steve Rinella, a journalist and outdoor enthusiast, is highlighted for his journey from writing about foraging and hunting to building a substantial outdoor lifestyle brand. His 'Meat Eater' brand has expanded into various businesses, including a podcast, books, and even a clothing line, culminating in a successful e-commerce platform. Rinella's ability to transition from content creation to commerce has resulted in significant revenue, with projections suggesting substantial growth in the future.
π Hugh Howey's Self-Publishing Success
The host narrates the inspiring story of Hugh Howey, who rose from obscurity to become a prominent self-published author. Despite initial struggles, Howey's commitment to his craft led to the creation of the 'Wool' series, which gained a loyal following and commercial success. His innovative marketing tactics, such as engaging with fans and leveraging social media, played a crucial role in his books' popularity, ultimately leading to substantial earnings and recognition in the literary world.
π‘ Andrew Wilkinson's Networking Mastery
The conversation concludes with an admiration for Andrew Wilkinson's networking prowess and his ability to transform connections into lucrative business opportunities. Wilkinson's ventures, such as collaborating with experts like James Clear on apps and with Huberman on a beverage line, exemplify his knack for identifying potential partners and creating mutually beneficial enterprises. His strategies for fostering relationships, including the use of his design agency as a currency for opening doors, set a new precedent for entrepreneurial networking.
Mindmap
Keywords
π‘Ryan Holiday
π‘Daily Stoic
π‘Stoicism
π‘James Patterson
π‘Co-authors
π‘Product Placement
π‘Affiliate Links
π‘MeatEater
π‘Content to Commerce
π‘Habit-Forming App
π‘Self-Publishing
Highlights
Ryan Holiday, a successful author, earns more money from speaking engagements and his daily newsletter 'The Daily Stoic' than from book sales.
The Daily Stoic newsletter includes merchandise and advertisements, contributing to its profitability.
Ryan Holiday's 'The Daily Stoic' newsletter has sold coins with Latin inscriptions, capitalizing on the stoicism theme.
James Patterson, a renowned author, has sold 500 million copies of his books and has a unique business model involving co-authors.
Patterson's approach to writing involves a team of co-authors, which allows him to produce a high volume of books annually.
The Stratemeyer Syndicate, founded in the 1930s, created popular children's book series like Nancy Drew and The Hardy Boys.
Stratemeyer Syndicate operated by having multiple authors write under one name, ensuring a consistent style and brand.
Jack Carr, a former Navy SEAL, has written successful books that heavily feature product placements, tying into his website's affiliate marketing.
Carr's website, JackCarr.com, sells gear and merchandise related to the products mentioned in his books, creating an additional revenue stream.
Steve Rinella, the founder of MeatEater, has transformed his love for the outdoors into a multi-million dollar business.
MeatEater started as a podcast and grew into a comprehensive outdoor lifestyle brand with its own products.
Rinella's business acumen and the MeatEater brand have led to significant revenue from both content and commerce.
Eric Jorgenson authored 'The Almanack', a compilation of Naval Ravikant's tweets, and has potentially made millions from it.
Jorgenson's approach to curating existing content into a book format and giving away the e-book for free has proven lucrative.
Hugh Howey's self-published book 'Wool' gained massive success through community engagement and strategic marketing on platforms like Reddit.
Howey's story illustrates the potential of self-publishing and leveraging fan engagement to achieve bestseller status.
James Clear's launch of a habit-tracking app in partnership with Andrew Wilkinson demonstrates the trend of content creators expanding into apps.
Andrew Wilkinson's strategy of partnering with experts to create apps and products based on their content is a new model for monetization.
Transcripts
all right we're live Sean I've got a
little bit a few actually stories but it
starts with a person I hung out with out
the other day you know Ryan holiday
right the author Ryan holiday of course
he came on the Pod he's awesome I was
hanging out with him the other day and
he said something actually to me in
person but he previously said this on
the podcast that we I think he's been on
twice he said something about how he
actually made a funny comment he's like
most most authors say they make more
money through speaking than they do
actually selling their books those
people they just didn't sell a lot of
books
[Laughter]
[Music]
however uh Ryan has sold a ton of books
we know that for sure but he also
mentioned to me that his other things
like the daily stoic which is his daily
newsletter so Ryan holiday wrote a book
on stoicism he's written six or seven
now at this point but he has his other
property it's a daily newsletter called
daily stoic where they sell coins and
merch and advertisements he has told me
that that has made more money for him
than selling books like which is crazy
because that's what he's known as as an
author and so what I wanted to talk to
you about today was I went down this
huge Rabbit Hole where I found ways that
authors are making money other than just
like writing a book well you got you got
to tell the coin thing because the coin
thing is the perfect simple example of
this I don't know what he confirmed
exactly but explain the coin thing
because I think it's the perfect simple
example an author making money not off
their book but a lot of money in some
other way Ryan holiday's whole shtick is
stoicism it's a philosophy that is
fairly useful and it's just like how to
deal with hardship in your daily life
and for some reason he decided to come
up with a coin and it's a coin that in
Latin it says like you're going to die
or like today's one of your last days
alive or something like that like some
like inspirational thing but it's in
Latin so I'm not exactly sure what it
says and a coin is a great product to
sell because it costs 25 bucks to sell
it costs like like a dollar to make it
ships for whatever a stamp two stamps so
however much that is 80 cents there's no
returns there's no sizes it's just like
the easiest thing ever to sell and on
the podcast I don't remember if he said
the exact number but I believe he said
tens of thousands of coins which is
millions and millions of dollars is that
what he said he did he did say that and
he also said that he works with some
mint some mint in the United States and
I guess it's it's one of the old famous
coin mints and he I think he was like
their biggest customer so like he's like
they're minting more of his momento Mor
coin than they are anything else so what
I want to do and that was surprising to
me I had an inkling and then he kind of
revealed that that is true where he made
more money not from selling books but I
had uh I went down this rabbit hole and
what I want to do is I want to show you
three people who are making
significantly more money than you would
think and they are doing it in ways
other than just writing one book making
whatever 10% of the revenue that they of
which they sell all right so we're going
to start with the first one Sean do you
know who James Patterson is I do not
know who James Patterson is who is James
Patterson I did not think you would know
sandwiches maybe a former baseball
player who are we talking about here you
you are very smart you're a very high IQ
smart person oh God here it comes the
fact that you don't know some of the
most basic things like of pop culture
like it's it's beyond pop culture at
this point this these are things that
you see all over bookstores whatever it
shocks me that you don't know this is he
the vampire in
Twilight yeah
boyfriend who is this no okay your
second guest was a lot further away from
the first guest so listen to this so
have you ever heard of this strap Meer
Syndicate you probably haven't right of
course if you haven't heard James
Patterson you also probably haven't
heard of Nancy Drew or The Hardy Boys
have you heard of those things I know
who those they write murder Myster they
write mystery novels right for kids or
something yeah yeah yeah so they are the
main characters in murder mystery novel
so the way it starts is in the 1930s
there was this thing called the shrap
Meer Syndicate it was this one guy he
came up with this company in the 30s
where he was like Hey not a lot of
people are writing children's books I'm
going to go ahead and start publishing
children children's books and then he
was like you know what I need to write
more books but I don't feel like dealing
with the hassle of working with these
artists authors who like are just a pain
in the butt to deal with all I care
about is making like kind of cookie
cutter novels that children like so what
he did was he goes I'm gonna actually
just come up with these characters so
Nancy Drew The Hardy Boys and he had a
variety of other series and I'm going to
have these authors write these books but
I'm just say it's written by the same
author every single time I'm not going
to give a person like their little bit
of Fame I'm going to pay them a fair
rate but it's and and and they're gonna
follow my rules and maybe eventually
they'll become a famous author but for
now they're just going to follow my
rules and that's what he did and there
was at one point where like every kid in
America could name Nancy Drew The Hardy
Boys things like that Strat me Syndicate
what a name uh so wait sorry The
Syndicate
is I think I missed something here The
Syndicate is the set of novels The
Syndicate was the name of his company he
called it a Syndicate which sounds like
a drug like a drug Syndicate it sounds
like something illegal because usually s
that was just the name of his company it
was a legitimate company this wasn't
like anything shady although he did a
bad job of nameing it'd be like naming
like your kids children's book like warm
candy and vans or something like that
like he did a very bad job of like
naming his publishing company called The
Syndicate kind of weird got but
basically he came up with these rules
where he was like all books need to be
part of a series uh every chapter needs
to end with a preview of what the next
chapter is going to be the beginning of
each book needs to give a summary of
only one page what happened in the
previous books and he just had this like
outline of how to like make hits well
fast forward 70 years there's this guy
named James Patterson at this point now
he's 75 years old he started uh in
advertising in New York for the J
Thompson advertising firm which just
some huge firm but on the side died in
his late 20s and early 30s he starts
writing novels and they do okay like
they're not like that big a hits um but
he keeps at it and he's a workaholic and
he keeps going and eventually at the age
of 47 he retires from advertising and
goes all in on publishing these novels
so he's been doing it now at this point
for about 20 years and he's finally
starting to see success and the whole
point of his novels is they're Thrillers
some people might say they're kind of
like trash formulaic Thrillers but the
thing is is people love him and at this
point he sold something like 500 million
copies of his books and at one point he
uh accounted for 16% or sorry 6% of all
hard cover novels sold in America so the
guy's a hitmaker he s he sells a ton of
them but here's the craziest part since
he started writing uh about 48 years ago
he's published on average seven books a
year and at this point even though he's
75 5 or 74 he's doing something like 30
books a year now how on Earth does a guy
do that that's like ridiculous right at
this point uh to be doing that it's
ridiculous to be doing that at a young
age it's more ridiculous to be doing in
70s well more than a book every two
weeks it's ridiculous well here's how he
does it he has co-authors and a little
secret with James Patterson even you
know he's well- loved in America he
actually has only written about 20% like
solely written 20% of the books that his
name is is credited with as writing the
way that he does it he has a team of uh
of co-authors and so what he does is he
pays these guys out of his own pocket he
kind of comes up with a framework they
flesh it out he reviews it almost like a
movie script and he's like writes notes
in the in the in the margins and he
gives it back to them and they kind of
flush it out and at this point he's done
it so much that you'll see that there's
James Patterson with Dolly Parton I
think there's a James Patterson and then
the co-author is Bill Clinton and then
the other co-author who's like the
person doing the actual work is listed
below it but this has been so success
successful that at this point he's made
something like $800
million what yes that's how rich this
guy is he owns like three or four homes
each of them are worth 40 million bucks
he's donated something like 50 million
according to his website to small
bookstores but this has been a smashing
success I'm shocked you've not heard of
James Patterson I think I have seen the
name what's like his most famous book I
don't even know the name of his books
but he's almost like a do you know Tom
Clancy yes okay he's like Tom Clancy
does Tom Clancy do the same thing or
does he write all his own books no Tom
Clancy uh would write them but Jim
Patterson does not write as much but you
know like Jim Patterson at this point is
sort of like Tom Clancy where you're
like oh it's a Tom Clancy novel and I
don't even know what Tom Clancy I can't
even name his novels but I know it means
like it's like a spy novel right okay so
um let me ask you a question did this
guy start out writing all his books and
then over the years was like how do I
scale and he's like what if I got
another author or from the beginning was
he like did he have this plan from the
beginning or did this come about
organically trying to scale up so over
the last 20 years that he's been killing
it I don't I don't think one of his
books I'm not sure exactly but most of
his books have not themselves been
bestsellers however he has been a
best-selling author if you add up all of
his titles for many decades and he
learned early on he was like well like I
don't know if any of individually are
going to be a hit but I'll just make a
[Β __Β ] ton of them and so he discovered
early onto on his career he goes we're
going to be about quantity and at this
point he says that for the last 40 years
he's worked something like uh 70 hours a
week and he writes all day and when we
talk about writing it means working with
a team and things like that but he
discovered early on he's like we're just
gonna do quantity we're gonna pump these
babies out and so at this point Jim
Patterson he's a face he's a guy he's a
real person but it's almost like a brand
and he's like gets these authors to kind
of come under his brand and he makes
jokes but he'll say things like they
should pay these like these referring to
as co-authors they should pay me to be a
co-author because I'm teaching them so
much and they're getting their name out
there and he actually gives them press
so they're able to like list but it's
almost uh it's almost like the way the
music industry works of like have Nicki
Nicki Minaj coming on your song you have
to pay Nicki Minaj you know what I mean
right I like that that's the first one
you went to Nicki Minaj um all right so
this is interesting uh what what do you
like about this guy you like that he
basically to me one one thing I like is
I feel he broke the like Precious rules
of like like writing and book like being
an author is this like high Prestige
usually it's a high Prestige low volume
labor of love uh you know that may you
know almost never makes money and if it
happens to make money you you kind of
got lucky with this one Smash Hit And um
you know the honor is in slaving away at
this novel for four years and he's
sounds like he broke all those rules
he's not precious about it he's like
cool let's write books people want to
read read let's make it formulaic uh
let's make it so that I can hire people
that are going to write these books um
let's scale this baby up no individual
we're hitting singles and doubles baby
we're not going for home runs
necessarily because these will all add
up and it sounds like the cool thing is
that this guy almost like productized
this type of book and treated it more
like a business person than he did a
artist well in reality what he is is
he's he was he was the CEO of the
Thompson Agency Group that's like a
that's part of a huge corporation and
he's basically an advertising executive
turned author and he brings some of that
Pizzazz
to being an author and it has worked
really well so he's both a business
person am and an advertising person all
right everyone a quick break to tell you
about HubSpot and this one's easy
because I'm going to show you an example
of how I'm doing this at my company when
I say I I mean not my team I mean I'm
the one who actually made this so I've
got this company called Hampton you can
check it out join hampton.com it's a
community for Founders and one of the
ways that we've grown is we've created
these surveys where we'll ask ask our
members certain questions that a lot of
people a lot of times people are afraid
to ask so things like what their net
worth is how their assets are allocated
all these like interesting questions and
then we'll put it in a survey and I went
and made a landing page so you can check
it out at join hampton.com wealth you
can actually see the landing page that I
made and the hard part with this is with
Hampton we are appealing to a sort of a
a higher-end customer sort of like like
a Louis Vuitton or Ferrari so I needed
the landing page to look a very
particular way HubSpot has templates
that's what we used we just change the
colors a little bit to match our brand
very easy they have this drag and drop
version of their Landing Page Builder
and it's super simple I'm not Technical
and I'm the one who actually made it and
once it's made I then shared it on
social media and we had thousands of
people see it and thousands of people
who gave us their information and I can
then see over the next handful of weeks
this is how much revenue came in from
this wealth survey that I did this is
where the revenue came from so it came
from Twitter it came from LinkedIn
whatever it came from I can actually go
and look at it and I can say oh well
that works that didn't work do more of
that do less of that and if you're
interested in making landing pages like
this I highly suggest it look I'm
actually doing it but you can check it
out go to the link in the description of
YouTube and get started all right now
back to MFM let me give you two more
that I think are even more interesting
have you seen these books lately written
by this guy named Jack Carr it's kind of
all the rage right now I've I've heard
the name but I I haven't read anything
now all right so Jack Carr is a former
Navy SEAL he served in the Navy Seals
from 1996 I think to
2016 and he started writing these books
called uh the first one was called the
terminal list it came out in 2018 and if
if you go to the terminal list on Amazon
you'll see it's it's one of the highest
reviewed books I've ever seen given the
quantity of reviews it has tens of
thousands or hundreds of thousands of
reviews and it's like a 4.5 I read one
of them two weeks ago I think I even
suggested that you read it but it's
really great it's basically like the
equivalent of a romance novel for a
woman it's like James Bond for the man
it's like basically the story of a guy
who goes through all these hardships
where he's a he's an ex Navy SEAL his
family gets hurt he's got a save them
he's got to get revenge whatever all
that like Epic Man [Β __Β ] however I
started reading his book and I noticed
something really interesting he names
products and Brands like crazy in his
books and I'll give you an example so
this is a a few excerpts or one excerpt
from from one of the books where he
talks about he reached inside and
removed the 9mm myth and Weston M39 from
his chest better known in the SEAL Teams
as the mk22 hush puppy and then he goes
on to saying he grabbed a box of his 9
millimeter super Vel subsonic ammunition
that was sitting next to his Yeti cooler
he I swear to God he'll talk about
things like for example he'll talk about
like he sipped his athletic
greens he names Brands like crazy like
there was one point where he was talking
about like they're like he needed the
best most durable equipment so we
started using a hill person fanny pack
or something like that and I'm
like like dude can we get like my he's
like he he put on his headphones and
turned on my first million his go-to on
Tuesday and Thursday for all types of
entrepreneurial inspiration and then dud
he he named stuff like crazy and the the
main character his name is James Rees
he's like a James Bond type of guy where
he does a lot of bad stuff but like you
really like him and you kind of want to
be like him and he just names all of the
products that he uses and it's crazy and
so I was interested I'm like why is this
guy naming all these products so I go to
his website I Googled jackar Brands I
just Google that he's got this whole
website I think it's just Jack car.com
but if you Google uh jackar Brands uh
what you'll see is he has Jack car.com
and he creates do do you know like that
website um unrate or uh uh gear Patrol
he basically has created his own version
of that where he has all these gift
guides or he'll be like here's all the
gear that uh James reest used in this
book and he has these beautiful guides
on his website and lo and behold if you
highlight over a lot of them they're all
affiliate links and in
fact and in fact oftentimes on Jack
car.com he sells his own stuff and so
one of the main parts in this first book
that I read is he's got this fancy
Tomahawk which is basically like an Axe
and he uses this Tom Tom Hawk to kill
people and it's like a really high
quality Tomahawk Well Jack car.com sells
that exact same Tomahawk and I thought
that this was brilliant because when
reading these stories he's talks about
the cars that he's in like the type of
car that he's in is like a main part I'm
like I want all this stuff because this
character James ree is so cool all I
have to do is go to Jack car.com and I
can buy all of this stuff and it's
amazing I love this strategy yeah this
is brilliant i' never I never would have
thought that product placement in books
would work like product placement in
movies does but that makes perfect sense
this is his uh this is his febles this
is his prime
Tomahawk dude it's awesome and by the
way I was just giving him a little [Β __Β ]
not all of them are affiliate links but
a lot of them are and if you go to like
his Amazon page he even has this cool
feature on his Amazon page where it
lists all of the products in the books
and those are think this is just like um
you know for example a lot of people ask
us a bunch of questions about like oh
what do you use for this whatever and
it's like sometimes writing the [Β __Β ]
down is actually just it's valuable to
them it's useful to me it saves me time
uh and I know that a bunch of podcasters
do this but it's it's like small income
it's signed income it's not their main
thing do you think this guy's like he's
got to be making more off of his books
than he is off of this uh this Amazon
affiliate thing right I think he's
making more off his books but my third
example is I'm going to show someone
who's making way more off this thing and
I think there's a world where Jack Carr
will make way more off that side thing
than the original thing meaning when you
think of a Navy SEAL you think of like
many things including like the cool
types of gear they have and you like see
what they're wearing you're like that's
neat I would love to have that thing or
you know it's like cosplaying to be a
tough guy there's a
here's right I mean like he says in his
cardigan
yeah yeah as he walked around his home
wearing Birkin socks
yeah does JC Penney like sell like
really good boxers or something I could
talk about the third one Steve ranella
have you heard of Steve re renella I'm
three for three no who is Steve ranella
okay this one is I would I would not
think you would know who this guy is so
he originally starts as a magazine
article guy for outdoor magazine so
basically he's from Michigan went to
school in Montana He loves the outdoors
he also loves writing and so he starts
as a freelance journalist he works for
outdoor magazine he works for like Men's
Health these things where he he's able
to like talk about the outdoors and they
pay him a small amount of money whatever
his first book book that he writes is
about foraging so which is basically
just he wanted to create the books sound
silly but they're actually awesome he
wanted to write about how he went and
hunted and forged his own Thanksgiving
dinner but like in doing that you find
like the meaning of life and you see
like the history of food whatever and
Outdoors it's awesome the second book
that he did is called American buffalo
and it's this amazing book about him
hunting Buffalo and how the Buffalo are
really important to American history
whatever if you're not into that you're
not into it which I don't think you are
but for the people who are what gave it
away
yeah this is like you know my body
language right now is the body language
of a girl who's about to get grinded on
by a guy at the club unwantedly no no no
thanks foraging for my food no thanks
I'm out of here would you like a free
copy of my book it's signed
nope yeah you're you're not into this
guy but you're going to be into what
what I'm about to explain so he writes
This Book American buffalo it gets
pretty popular so then he creates this
website called meater.com have you ever
heard of meat eater I have heard of meat
eater yes so meat eater starts as a
series of podcasts they have a show on
this thing called the the outdoor or the
sports channel something like that and
it starts working out well eventually
chernin I think you know churnin they
invest into it and at this point in 2023
meat eater is a website where Steve
Rella uh blogs about Outdoors he
publishes books his books under the meet
eater name he has recipe books he has uh
more podcasts whatever newsletters
however they went and bought a bunch of
Brands they bought a duck call business
they went and bought um a clothing line
now in 2023 they announced that they did
a 100 million in revenue from selling
all of the products on meater.com of
which his kind of claim to fame or at
least where he gets a lot of the traffic
from is his books and then his podcasts
and things like that and so this is an
example of a guy who I think has made
significant ific more or will make
significantly more in terms of
Enterprise Value from selling the
product that he talks about in the books
or selling the lifestyle those Guy's
super fascinating dude going from
American buffalo a book about buffalo in
America or whatever
to having $100 million doll in revenue
on your business is like that's not the
American dream but it's it's something
it's someone's dream somewhere it's it's
an American Dream It's yeah that is I
can't believe that that happened that's
insane churnin is so smart by the way
they took this one thesis of content to
Commerce so they were like hey anybody
whose's world classic content it's not
valued properly in the market because
media is such a [Β __Β ] business that
they're valued as a media business but
if you can flip their business model
from content to Commerce then this thing
is gonna this thing is going to take off
and it's going to take off in the same
way that our YouTube Subs are going to
take off when you go to YouTube and you
say to yourself godamn I'm learning a
lot from Sam today about mediators and
about authors and about all these people
and they're going to go to YouTube
You're Gonna Go to my first million and
you're gonna click subscribe because you
love us so much thank you very much
that's the plug that was a good one
pretty seamless right good job I think
um if I had to make a prediction I think
that meat eater will be worth many many
many hundreds of millions maybe even a
billion dollars in the next 10 years I I
believe it these these lifestyle Brands
once you get like there is no no Niche
too small with these lifestyle Brands
mediator is actually pretty big compared
to some of these lifestyle Brands like
the hinki the watch brand luxury watches
only right or there's things for like
you know how people when they get into
biking they become like you know Lamer
they start dressing like
SpongeBob Spandex and like clipons and
they walk into a coffee shop after like
a 990,000 mile ride that morning like
those people are super valuable as an
audience and they need content that's
like so lame like that that it's the
thing that they care about and so
there's like an endless niche of these
like really really hypers specific
lifestyle content brands that I think
can be built uh you just have to come
from that space it sounds like this guy
Steve Rella you know came from that
space which is pretty pretty cool you
want to know the uh here's a curveball
to the situation he lives in
Brooklyn for real he lives in he lives
in Brooklyn yeah well he lives in
Brooklyn I was doing research on him and
he's like from Montana and he's like I
know Montana better than anywhere
anywhere anyone else in the country like
I knew enough to get the hell out of
there yeah and now he lives in Brooklyn
which is what I thought was kind of
weird um but anyway those are my three
examples of strange ways or shocking
ways that a bunch of these authors are
making money I know that you were
thinking about becoming an author does
this change but I think you've paused it
I'm not sure if you've paused it or well
I think becoming an author uh to make
money is just uh that's like saying you
know I was hungry so I went to church
it's like yeah just cuz I have some some
food there doesn't mean that's why you
go and so like I don't think making
money is the reason to write a book if
you're going to want if you want to make
money and you're smart about marketing
and all that there's a hundred times
easier ways to make money did you just
make up that analogy that was a really
good uh that was a really good analogy I
did my morning routine today so you know
the brain is on um the brain is awake
the thing that I've looked into is how
much these authors make so there's like
tiers to this so uh if it was 10 tiers
the first five tiers you know of tier 10
through five is just all of them made no
money actually maybe tiers you know like
uh 10 all the way to number three all
made no money but a couple of
interesting data points uh that are in
our world so I think the top tier is
like the JK rowlings of the world the JK
Rowling James Patterson which is like
you actually are mainstream Canon right
you are you're a part of the meta like
you you became the equivalent you know
you're going to get a Netflix show type
of thing dude have you ever thought
about by the way have you thought about
JK Rawling and how she invented an
entire universe and made up rules to
like a game or a language that people
refer to now like the word muggle she
just thought of that word at least twice
a week you know people do the Roman
Empire thing I don't give a [Β __Β ] about
the Roman Empire but dude I do think of
like Diagon Alle I think about Hogwarts
I think about all these places right
like I think about that twice a week how
cool that is someone made it up yeah
it's weird to me that when I think about
that I'm just like that's that's so odd
no [Β __Β ] what percent of you is like
might be
real is there any part of you that's
like well I I am just a mugle how would
I know the way that I think about it is
it she is so good at inventing this
thing that she couldn't possibly have
invented it and she's just telling a
true story like you know what I mean
like it's just impossible to think that
one brain like our brains are each six
pounds but that came out of hers I don't
understand
how that happens dude I've been at an
airport where it's like you have the
smart cart thing and I'm walking between
you know nine and 10 and I don't run at
it but like you know I'll take my finger
and sort of drag it against the wall
just in case there's a little little
give in that in that wall you know I'll
play I'll see um so there's that that
tier right that's like god tier then
there's the James clear you know Atomic
habits David gogin Mark Manson I think
these guys have cleared like 30 to $50
million off of a single book that's a
lot I would say more like 20 so James
Clear I think uh I don't know how many
he's sold now it's his thing is
escalating by the way which is really
interesting he tweeted this out recently
and it was it was something like I'll
try to find it but it was basically like
he first year was like you know maybe
like a 100,000 and then the next year
was like 200,000 the third year was a
million and then the fourth year was
like 4 million and the fifth year was
like 15 million and he's just gone up
and up and up I think now he sold uh
basically I don't know 20 million copies
or something like that worldwide and so
you know no way really that many 20
million yeah yeah his book is like a
it's like a runaway train basically um
so I I think I'm pretty sure his his
book has grossed like 150 to20 million
probably 100 probably $150 million
worldwide it's my guess you know I might
be off by 30 million in either direction
but but I'm not off by by half you know
um and he's just a guy in Ohio I think
like he's just he's just a guy like I I
knew him before the I talked to him
before the book and he was just like a
blogger in Ohio like it didn't seem
particularly fancy he years what I yeah
I knew him before he stopped talking to
me yeah so so I think that's like the
next tier David gogin his book I think
has done like 35 $40 million in sales
and he did it through scribe so he kind
of like owns more of that um Tim Ferris
surprisingly didn't sell that many
copies of 4our work week I thought 4our
work week was like a to me it was like
that was a huge book it obviously did
super super well but I think it sold two
million copies you know so two million
versus 20 million 10x more for for
Atomic habits which is pretty crazy a
fun one is Eric Jorgenson so you know
Eric Jorgenson um he he was like a
startup growth guy he lived in some I
don't know where he lives he lives in
like Kansas City or something like that
and Eric Jorgenson wrote the naval manac
which was basically he's like yo naval's
tweets are the [Β __Β ] what if I printed
them out basically like what if I
printed it out and stapled it together
right obviously he did more than that
but the core idea was he didn't write
the book he didn't do a he didn't study
nal's life and write a biography he
didn't create a bunch of original wisdom
he just took naval's existing wisdom
that was super fragmented packaged it up
into a really easy to use book and then
and he actually gives away like the
ebook for free I think online um I'm
pretty sure Eric he's never told me this
is my my guess work based on some some
back of the envelope stuff pretty sure
Eric has made like3 to5 million off of
the nalmanac himself no way I don't
believe that that is so much 82%
confident that that's a real number dude
if you're even half right I would be
he's definitely made more than a million
dollars I think it's like three to five
million do off the nval manac okay well
that's insane does Naval get anything
Naval got distribution I don't think he
gives theal any money from it I don't
know I'm going to make you famous baby
you're going to be superstar that's what
I'm going to tell you I'm going to
create the sha
shaam dude you said that way too
naturally that was not the first time
you've said that is that what you told
trun that's insane I uh that that
basically the concept is ridiculous
right I mean it's good the concept is
genius is what it is he he took somebody
else's genius that was fragmented and
was like why would I write nobody wants
to read the Eric jensson book but a lot
of people want to write the nval book
and nval is kind of Open Source with it
he has he said this many times he's like
the best thing you could do is let other
people reshare your ideas they're you
know stealing your ideas but really
they're propagating your ideas it's one
of the highest compliments one of the
best strategies you can have to get more
distribution and so you know I think he
was happy that Eric you it took him like
a year he put a lot of effort into it
not nearly as much effort as the guy who
actually came up with the content well
nal's made 500 million in his life so I
think he's done fine too right that's
that's the whole idea no and Eric by the
way I think is now the CEO of scribe
David the the company that did David
gagan's book so and the company that I
think you might you be using uh yeah not
yet but um okay so another crazy story
so I've never heard of this book and I
doubt you have either because are you a
Sci-Fi reader not exactly only like the
most famous ones so have you ever heard
of this book called wool no talking to
me about science fiction is like talking
to you about
bison you know I mean ain't going very
far that conversation's got a lot of
dead heads yeah that's a hard yes hand
well basically here's the here's the
idea I was looking at the uh at the
charts and I saw all of the Game of
Thrones books so it's like you know A
Song of Ice and Fire and it's basically
George R Martin George R Martin George R
Martin there's five of his books and
there was one book on top of it called
wool and I was like I've never heard of
this book what is this book so I went
and researched it so the author this guy
Hugh Hoy which sounds like a fake name
might be I don't know um the his origin
story is he's living in North Carolina
he's broke uh he was doing some odd jobs
he was like oh this a roofing gig yeah
I'll go help you out you know I'm a
technician sure I'll help you out and
basically at some point he's unemployed
and he's like you know what I'm gonna
write a book his wife was kind of
supporting the household he's like I'm
gonna write a book and she's like okay
honey great uh sure you don't want to
get out there with the old resume and
he's like no no I'm gonna write a Sci-Fi
book like it was like the idea was like
something he like what if aliens at this
flying car or whatever I don't know what
it was some crazy idea this conversation
could go way different it'd be like hey
by the way like I know that you love
having these action figures in the
plastic still but can we make a little
bit of room for the
baby oh you're going to write a book I'm
gonna go find another husband so so he
puts the book out he sells less than a
thousand dollars of the book okay so
first first try and it fail most people
would obviously quit strike one he's
like oh I'm just getting warmed up he's
like I that was that was good but I can
do better and he still has no job he
needs to kind of start you know paying
for the bills a little bit so I love
this part about the story he gets a job
but he's like he's trying to find not
the highest paying job he's trying to
find a job that will make a minimum
amount of money of money that he needs
to live with the maximum amount of free
hours so he ends up finding this job
that he could do for about 25 30 hours a
week it pays only 10 bucks an hour but
he's like I'll take it because there's a
lot of downtime where I'm just sitting
there not doing anything I could be
writing during that time and it's only
30 hours a week so I can spend all of my
free time doing this and I also don't
even want a good job that'll make it
hard to quit later because I want to be
an author and I'm not going to trap
myself in a job that's like hard to
leave then he changes his schedule he's
like I'm going to wake up 2 am every day
and I'm gonna write before my job I'm
gonna write during my lunch break I'm
write after dinner it became a
compulsion for him and in three weeks he
writes this book wool three weeks so
again just like James Patterson wasn't
precious about the whole idea of writing
books this guy was like three weeks not
three years and so he bangs he bangs out
this book he puts it on Amazon for 99
cents and he sells like 1 th copies he's
like boom thousand bucks all right love
it and he's like uh and the but like you
his small reader base it's kind of like
weissy they say you want like a small
number of people you'd rather have a
thousand people that love you than
100,00 people that just kind of like you
so you had a thousand people that really
led the book and they were like dude we
got to write a sequel so very next month
before they get cold he writes a sequel
by the way wall Wall's 530 Pages he did
that in three weeks so then he uh he
writes a sequel a month later he uh or
like you know two months later whatever
it is and he sells 3,000 copies of that
one he's like all right I got to keep
going so he writes two more and he sells
10,000 copies and finally he puts out
the collection all five of the books
that he's written in a very short period
of time and the first month he sells
23,000 copies of the set and now he's
selling it for
$67.99 he makes basically 140 Grand that
uh in in gross revenue that month and
he's self-publishing this whole thing so
he's keeping 70% of it um whereas a
normal author is going to keep 10% maybe
15% of it and all of a sudden um you
know the months Roll by he's now sold
500,000 books uh before H you know
before anybody knows it which is a [Β __Β ]
ton of books to sell that's like you
know you're in the top top you know
percent of a percent uh that are of
authors at that stage and he's getting
approached by Publishers and they're
like he's like okay what's the deal and
they're like we'll give you you know
$250,000 like I'm already making
$250,000 they're like okay we'll give
you more money he's like well I'm what
why would I give you why would I take
some money today for like now I give up
all my upside and they're like well we
can help you get distribution he's like
I've sold 500,000 copies myself and
they're like how the hell did you do
that and he's like and so his strategy
his like gorilla tactics to get this
book out there where he's like all right
I need to influence the influencers so
he sent basically like copies of the
book to bloggers and reviewers at
Goodreads so not like influencers but
book influencers so people who
books and good reads like high rank and
good good reads people so then he's like
all right that's good Next Step he goes
on Reddit and he's got uh he does an AMA
on Reddit for 12 hours and so he's just
like I'm just gonna like soak up all the
Reddit love for this day on on Reddit
all right does that then he starts
encouraging fan fiction and Fan Art
whereas most authors are pretty again
precious about like it's my IP they try
to like you know take down anybody who
writes like variations of their book
he's like no no no go crazy I built the
universe but you guys can fill up all
the stories and he would basically
incentivize people to design other
alternative book covers for it so now
their little audience would you know
their art that artist audience would see
them designing a book cover for this
book called wool that was pretty cool he
picks 30 of the Diehard readers and he's
like okay how do I get my die hards to
help me and become like you know super
evangelist and so he made them beta
readers again everybody's so precious
they keep everything under lock and key
he took his super fans and was like
you're going to be readers of the of the
early editions of new books before they
come out so he did a bunch of community
building essentially like stuff that
doesn't really scale that each one
individually wasn't a game changer but
if you add up that and the 20 other
things that he did you could see how he
like that's not what made it successful
but he did start turning the crank at
the beginning the crank is pretty hard
to turn but eventually you know you you
you if you power through that first part
of the crank it'll start to move on its
own and that's basically what happened
for this guy and so then someone comes
up to him and they're like look I don't
think you should sell your book rights
but I do think you should sell your film
rights you haven't actually you're not
going to make a film yourself so he sold
his film rights and um and he kept his
his uh book writs you know as an
independent person for a while I I think
maybe he sold it now I'm not sure but he
uh he also Met George R Martin once he
went to a book signing for uh for George
R Martin and he's like hey George like
um it's me you know Hugh Hoy and the
guy's like never heard of you and he's
like I'm the number six guy on the
Sci-Fi list like you know it's your five
books and I'm number six and George AR
Martin he posted this thing that George
AR Martin signed his book and said to
number six keep trying and then a couple
months later a couple months later he
actually hit number one and so uh just a
pretty cool story of like a
self-published author that that really
made it happen like entrepreneurial
hustle story that's a great story do you
use Goodreads do you know anything about
Goodreads I've used Goodreads yeah I bet
the founders of Goodreads uh and I was
like Yeah o is Chandler yeah they're
they're really cool people really nice
people it's a cool product but but it's
old now it's been around for a long time
but it's got a great Mo I I can tell you
a little bit about good reads but this
guy Hugh Hol he has so I'm I use good
reads religiously I'm I'm I'm that's
kind of like my it's where my library I
keep everything this guy has
750,000 ratings which is huge and if
you're in the hundreds of thousands of
ratings and you have over a fourstar
review you're like the best the best he
has a 4.15 review uh out of five for
almost a million reviews it's a amazing
yeah it all started with a standalone
short story basically it wasn't even
like a full book it was like a short
story that he published at the at the
beginning of that first three weeks but
again that's kind of what you want it's
a prototype right he treated it like an
entrepreneur would not like a author
would he's like the blue collar version
of sci-fi this guy's like the Larry Bird
of sci-fi you know what I mean like from
French Lick Indiana
yeah dude how insane is it that Larry
Bird was so amazing and would just
literally drink beers like on the bust
to the game and like people used to
smoke cigarettes at halftime of those
games like isn't that absolutely insane
now like now LeBron James sleeps in like
a hyperbaric chamber but like the guy
who was basically the LeBron James of
his time was literally just like Downing
Bud Lights after games and he was like
so skinny and so pale had the worst
haircut the shortest shorts the best
mustache the best mustache but he like
kind of looked like a like a human
version of like big bird and he just
killed and he's considered one of the
top five yeah that guy's amazing he he
gives uh he gives the weirdos hope uh
this story is amazing Hugh Holly um
that's a good story um you want to do
one or two more thing yeah uh
Mill you Shepherd it's great you need to
hire somebody go check it out it's how I
hire a bunch of people if you want to
hire people like I do use Shepherd how's
that all right there that's there was no
thrill in that chill but I kept it short
do you have one more thing oh well I
guess we didn't talk about this uh this
is kind of cool James Clear just
launched an app yesterday which I think
was the stimulus for this whole thing
that we didn't we didn't talk about
Andrew Wilkinson he put out this tweet
where he said uh we partner with James
Clear tiny owns 40% James owns 60% we
made this app I actually didn't look at
the app it's a productivity app or a
habit tracking app yeah what if it was
just something completely different it's
just a social media app just a network
photo sharing app James just some like
stupid game it's like you like they
recreated like snake from
Nokia that's so funny by the way okay so
let's talk about a couple things here
great idea to release a habits app uh
you want an app to be habit forming
literally that's like only successful
apps are ones that you use habitually so
creating a habits app is a good idea
there's lots of there's habits apps but
they're not made by James clear so I
think this is like no no brain or idea
he just created anything that was a
habit like just like some supplement or
drug like like I'm going to get you
addicted we're going to make this habit
watch this we're going to call it
crack so I think genius idea by him
maybe doubly genius idea by Andrew to
pull this off I think it's amazing what
he's doing he's done this now with
huberman so he launched uh the Yerba
mate drink with huberman which I think
is also a genius idea I think what
Andrew is doing now is the new playbook
of what chernin did remember I was
saying like chernin's Playbook with the
content to Commerce they did it with bar
stool they did it with eer they did it
with like a bunch of these media media
Publications that was a really good
model and it's played out over the last
10 years I think what Andrew doing now
is going to play out over the next 10
years which is he's partnering with
these experts and authorities and he's
like look I already have metalab that
can do the design the engineering uh I
have I I own a portfolio of businesses
I've you know made a billion dollars
doing this whole thing so let me find a
CEO we'll build the whole thing you just
have to promote it and it's a perfect
fit with what you do I think it's is
like such a good model it's also really
fun for him right cuz he's going to get
to hang out and rub shoulders with
people who he likes and respects he's
got like a cool cocktail story of being
like Oh yeah we built the James Clear
app we did the huberman drink we did the
whatever right um they've done a bunch
of these these apps now so I just think
it's an awesome win all around like I'm
I'm really happy for it we should have
Andrew on to talk about it but my
prediction is that this won't make
nearly as much money as some of his
other boring things that no one would
ever talk about but
it's cooler than all of the other ones
like it's significantly cooler it won't
make as much money but it's way cooler
like to be able to like I think this
thing is gonna make a lot of money why
do you think this is not gonna make
money well I just think that it's his
other stuff just does so much better if
I had to guess I think the can do like
hundreds of Millions on meditation I'm
pretty sure that you can get like 30 40
million of ARR on a habit app I think
maybe you can but Andrew also owns all
these boring agencies that are like the
thousandth most popular agency and they
also make t many many tens of millions a
year in profit no no if you add them all
up they do but each individually does
not right like if you add them all up
they do his his agency if you add up
what he's going to do with huberman with
James Clear in the next five that he's
going to do like this those are going to
add up to be much bigger the hubman
drink is a brilliant idea that is a
absolutely brilliant idea the James
Clear app like he's getting the right
type of things like you don't want
necessarily the A-list celebr because
the A-list celebrity for every you know
George Clooney or Ryan Reynolds that you
get that that have a hit there's tons of
others that they don't really care about
promoting it they're too busy but it's
not a fit they don't have like a direct
relationship with their audience because
they're actually on in Hollywood they're
not like have a direct Channel Through
social media and so the people that he's
finding are like this is Meaningful for
them it's a perfect fit with them they
have a direct relationship with their
audience and they haven't like um they
have like love from Their audience it's
not just like people who are fans of
them it's people who have deep trust in
them and I think that that is a I think
he's picking the right influencers to do
these I I would bet that he's going to
make hundreds of millions off of these
plays if you if you add up the you know
three to five that he's going to do in
this category I would bet that that's a
three to three uh like a300 million
prize I guess we'll have to have him on
and uh ask him about it I'm he he's like
a Spider Man he's or like an octopus
he's has his tentacles like all over the
place I see this I'm like how the [Β __Β ]
did you weasle your way into that thing
like just like he knows everything like
he not knows everything he knows
everyone I don't know how he gets his
fingers on all these things I'll be like
I'll be like hey uh where's our email
we're influencers Andrew where you at
well where's our offer he also plays
Dumb with me all the time I go like
you're I I'd probably be like hey have
you heard of this guy named hberman I've
been loving his podcast and Wilkinson
would be like yeah I think it's a nice
podcast I also enjoy it and then like
weeks later like yeah we partnered with
him and launched this company on this
deal for 18 months yeah I'm like okay
like he does that he does that kind of
on a regular basis with me where I'll be
like if you heard of this thing it's
kind of neat and I'll be like yeah I
agree that is neat he he is a super
networker he is a absolutely P like
incredible networker I am I I I am I
admire his networking skills like he's
like cool I like Bill Amman now I'm
friends with Bill Amman and he's an
investor in my company oh Charlie
munger's my
hero years later I'm having dinner with
Charlie merer and he's offering me you
know XYZ it's like he is really able
when he puts his mind to it with who he
wants to meet he is able to make that
[Β __Β ] happen and um and I think he does
it in a way that's mutually beneficial
it's not like uh you most people when
they're like oh I want to meet this
person it's like just begging for you
know time or attention in a way that's
not additive to the other person I think
he does it in a good way that's additive
to the other person yeah he's he's
fascinating in the way that he's able
but he also he also
turns a weird networking opportunity
into like real businesses like usually
more often than not when I meet people
I'm like that was nice to meet you I'll
see you never again uh this is awesome
right high five and that's like where my
brain stops yeah what a guy
yeah that's like I'm literally like you
know Dumb and Dumber when he's walking
out of the 7-Eleven he's like big gulps
huh all right catch you later that's
that's me at every networking event same
that's exactly how I am where it starts
and ends right there and it's just like
a passing memory and yes Andrew somehow
like makes it into money and turns it
into dollars I don't know how he does it
but he's very good at it he told one
story on the Pod where he was like I
wanted to meet Dan Gilbert I met Dan
Gilbert and then they had this challenge
with this like or he had a product I
have a design agency so we just made him
a website for free that was really nice
because he like used that as his
currency to like you know hey I think
you're awesome and we did this thing
this is awesome right oh it's cuz my
agency's awesome cuz I'm awesome and he
just uses it to sort of like open the
door he'll put in the work basically and
he's he'd be like oh whenever you're
free I'll fly there and let's you know
I'll meet you you know I'll make the
effort to come to come make this happen
the takeaway is to have an agency to
either have like an agency or like a
sick house it's like oh you're in town
come stay in my home and then you know
what I mean you have to have like some
like awesome ex should I do that anytime
someone's traing like oh do you want to
stay in my house and I just rent an
Airbnb they can stay in they're just
absolutely indebted to
me well it's kind of a good tactic Chris
sacka said that had this house in trucky
and uh you know he would like lure which
sounds weird more weird than it actually
is he would lure these like inter house
in
truy come to my bed yeah I got AWS
credits come
over and he would like get these guys to
come up and become friends with them and
it was like they're they're like well I
would love to hang out in trucky and
just what happens you have a house and
that's how we become friends with them
but maybe great line about he goes uh
when I lived in San Francisco I was just
constantly getting like meeting requests
or event invitations and it was like a
good problem to have but at it's still a
problem he's like I was playing defense
I was just reacting to whatever was
going on he's like when I moved to
trucky then I played offense I would
figure out who who it is that I want to
actually spend time with and then I
would proactively plan and like set it
up so that Travis Callin came for the
weekend and stayed with him he's like
we're not going to just get coffee we're
gonna hang out for a weekend and like
for every 50 coffee meetings I do like
one weekend is just so much more
powerful than 50 coffee meetings and so
he's like we hang out we spend time
together they meet my family we chill in
the hot tub we brainstorm in the morning
then later that evening we a new idea
comes and I'm just very helpful for
these people that's how he did his Uber
investment he did the same thing with
the founder of Instagram that's how he
did his Instagram investment too was he
invited Kevin syrm to come stay at his
place in trucky and he stayed there for
whatever few days a week or whatever it
was and by the end of that like they
were kind of bonded and I think that was
kraka did a lot of cool things and
that's definitely one of them I don't
know if a a three-bedroom place in the
BBS is going to do the trick I think
both of us are going to have to step it
up can I interest you in Walnut Creek
yeah we'll go to Safeway we'll come
back like the only appeal you like
marble countertops I got I got marble
countertops like um all right is that it
is that the pod that's the
[Music]
pod
h
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