#207 - How to Make Millions by Unbundling Etsy artwork

#207 - How to Make Millions by Unbundling Etsy

My First Million

August 6, 2021

In this episode Sam (@theSamParr) and Shaan (@ShaanVP) break down a multi-million dollar opportunity to unbundle Etsy ($24B market cap). Shaan also shares how he would approach it if he were doing it himself.
Speakers: Sam Parr, Shaan Puri
**Sam Parr** (0:00)
All right, there's this amazing book called Getting Everything You Can Out Of All You've Got. I read it a few years ago and it changed my life.
And the reason I loved it was because it basically talks about how to get and make more money using things that you already have.
Coincidentally, today's podcast is brought to you by Business Made Simple. It's a podcast by Donald Miller, who I'm gonna tell you about in a second, but he has this amazing episode that's all related to this book and the things that I learned in this book. It's called How To Make Money With What You Already Have. It's an incredible episode. Talks about all the stuff that I learned in this book. The host is Donald Miller. I didn't know who Donald Miller was up until recently, but over the last 12 months, this is totally by coincidence. It was all separate people. They said, you have to check out Donald Miller. He's amazing. So I'm happy that he's part of HubSpot's Podcast Network. You can check it out, Business Made Simple Podcast. It's where he coaches you on how to build your business like an airplane, where the cockpit is your leadership, the body is your overhead, the right engine is your marketing, the left engine is your sales.
You have to check it out. This guy's amazing. It's called Business Made Simple with Donald Miller.

**Shaan Puri** (1:02)
That's exactly how it works is people think, oh, if I practice stoicism, I'll become that person who is calm mind and able to just operate and doesn't have these sort of like massive swings. And it's like, no, it's the other way around. Once you learn to tame the mind, once you learn to master the mind, you'll naturally become a stoic person.
What up?

**Sam Parr** (1:35)
All right. What's going on?
I'm in Nashville. I wait. It's a is it eight or seven where you are?

**Shaan Puri** (1:43)
Seven.

**Sam Parr** (1:44)
Oh, it's seven.
So I woke up a little bit late and I texted you and I go, you just want to record something right now? And you said, yeah, I'm thankful. You said, yes.

**Shaan Puri** (1:53)
Yeah, let's give it a shot. You're at a podcasting conference, which sounds like not a ton of fun. Is it a ton of fun, though?

**Sam Parr** (2:00)
So it's educational and I'm happy and I'm learning, but it's just like nerdy stuff.
And, you know, there's not like I don't want to. I can't absorb it for that long, but I'm happy that I would love. Yeah, it's worth it. It's cool.
People, people like know us and that's crazy. Like, it's crazy just to walk around. It's it's at a hotel and like so everyone's staying and it's kind of funny to be walking around and just people come up to you and say that they like listen. So that's kind of neat because it's all podcast nerds.

**Shaan Puri** (2:30)
Yeah, OK, I like that. You learn anything cool, any hacks, any any growth hacks for us or what?

**Sam Parr** (2:36)
I think YouTube is just the way to go. So and that's what we'll be doing with this show. It's going hard.

**Shaan Puri** (2:41)
Podcasting is for nerds. We're going to YouTube.

**Sam Parr** (2:44)
No, I mean, well, that's the way to go.
So some of these people spend so for the listeners, Sean and I spent what's on our money anymore. But when we were doing this, like we were like so cheap and I actually think too cheap about starting this podcast. I mean, I think it was right how we did it with like really bad at first. And then it got a little bit better and a little bit better. But people spend so much money on recording their stuff. And I actually don't think that's important. But when you have something like we have, which is like you kind of hit this lick, it's important to invest. And I think we've under invested, which is crazy.

**Shaan Puri** (3:19)
Yeah, maybe.
I was renting a studio the first 10, 10, 10, 20 episodes, one hundred dollars an hour. So that was that was like professional setup. I went I thought I was going I thought I was over investing at that time because I had zero listeners when I recorded those.

**Sam Parr** (3:33)
Yeah, no. But that's my point is that my perspective has changed when I'm seeing like some of the budgets that people have.
But for this episode, I like I called you because I saw like three amazing things that I wanted to bring up to you. And you have one, two, three, four, five interesting things. And I just wanted to talk to you about them.

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