#40 - Paid Courses with Tom Wang, Barstool Acquisition & New Startup Hubs

**Shaan Puri** (0:00)
If you want to sit here in a trapped room, you will have the coronavirus.

**Sam Parr** (0:04)
Whenever people ask if I'm sick, I'm like, oh, it's just allergies.
And so the joke at the office is like, I think I'm going to catch your allergies. What type of allergies do you have? I'm like, I have the allergies that make me throw up. Or like, I think I have those.

**Shaan Puri** (0:20)
You know, like the stomach allergies? Yeah. The cough.

**Sam Parr** (0:24)
Because I was like, you got to go home. I'm like, it's just allergies.
You can catch these allergies, but it's allergies, probably. Let's just jump right in and call this guy.

**Shaan Puri** (0:31)
So we're going to call this guy Tom.
The backstory here is I posted on our, we made like a Facebook group for the podcast. If you're on Facebook, just search My First Million. And I posted in there, I was like, man, I really want to talk to somebody who's making over a million dollars a year on a course.
And this guy was like, hey, I do. I was like, wow, okay, fantastic. There's only like 100 members in here. What are the odds? And so then he emailed me and he sent me the screenshots of his dashboard. And then like a walkthrough of his method. And I was like, this is fucking great.

**Sam Parr** (1:00)
So I saw the numbers. So yeah, legit.

**Shaan Puri** (1:03)
So he's making a lot. So we'll see how much he wants to share.

**Sam Parr** (1:06)
Thomas Wang.

**Shaan Puri** (1:08)
Yeah, Tom Wang. So and then, you know, we'll figure it out. So let me call this guy, Tom.
Hey, what's up, man?

**Sam Parr** (1:17)
Turn that up. I want to hear how are you.

**Shaan Puri** (1:19)
We're doing fantastic.

**Sam Parr** (1:19)
All right.

**Shaan Puri** (1:20)
So you are on the podcast right now.
I'm here with Sam. We got our boy, Henry, on the camera. So it's all happening right now. Everything you dreamed of is happening. So I wanted to call you because I was telling them, I posted in the group about, hey, I want to talk to somebody who's making a million dollars a year doing a course. And you showed up with the goods. And so I wanted you to tell whatever you're comfortable telling, tell your story. We got a couple of questions.
And just so you know, you could share everything. And then at the end, we'll bleep out, shit, that's too sensitive, okay?

**Tom Wang** (1:55)
Yeah, so my story.
I guess for me, it's always been like a side hustler. Ever since I was growing up, I was trying different ways to make money from selling watches at the night market, selling hoverboards, all these different things. Never really had any guidance from anybody else. But when I was selling hoverboards, I was trying to just create a website. And I knew nothing about e-commerce at the time. So I thought you can just create a website, get a Facebook page and you can start making money online. Obviously, that's not the case.
And during that time, someone actually approached me and said, hey, I can actually sell these hoverboards for you on Amazon. And I live in Vancouver, Canada. And Amazon back in 2015, I thought it was just a place where people buy old textbooks from. I've never bought anything on Amazon before. So I was pretty skeptical. I was like, sure, okay, well, I guess, if you think, he was talking pretty big. So I was like, all right, just let's see what you can do. And he ended up selling a bunch of hard boards on Amazon before Amazon actually pulled down all the hard boards because things were exploding and stuff like that.
So that's how it covered Amazon. And then from there, basically just thought it was just gonna be another side hustle, but it actually turned out to, well, it turned from side hustle into a seven-figure business. And right now, we're actually going through an acquisition. So we're trying to sell the business right now.

**Shaan Puri** (3:13)
Yeah, a couple questions. So first, for everybody listening, he basically started an FBA business, got it to work.

**Sam Parr** (3:20)
FBA means?

**Shaan Puri** (3:21)
Fulfilled by Amazon, so selling a product on Amazon.
And then the course teaches other people how to do the same. So that's how the course and what you're talking about connect. So right now, you're in the process of selling a seven-figure FBA business, and you have a seven-figure course that teaches people how to do their own FBA business. So that's the lay of the land.