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My First MillionMy First Million

Million Dollar Businesses with 0 Employees

No more small boy spreadsheets, build your business on the free HubSpot CRM: https://mfmpod.link/hrd - Sam Parr (@theSamParr) sits down with Steph Smith (@StephSmithio), indie creator and host of the "Sh*t You Didn't Learn in School" podcast, to talk about companies with only one employee that are making millions and what we can learn from them. — Check Out Shaan's Stuff: • Shaan's weekly email - https://www.shaanpuri.com • Visit https://www.somewhere.com/mfm to hire global talent (like Shaan does) and get $500 off for being an MFM listener. Hire developers, assistants, marketing pros, sales teams and more for 80% less than their US equivalents. — Check Out Sam's Stuff: • Hampton - https://www.joinhampton.com/ • Ideation Bootcamp - https://www.ideationbootcamp.co/ • Copy That - https://copythat.com • Hampton Wealth Survey - https://joinhampton.com/wealth 💰 Pitch your startup for a shot at a $1M investment with Sam Parr as the MC https://clickhubspot.com/pitch Links: 📧: Sign up for The Hustle Daily Newsletter: https://link.chtbl.com/KMyh8uer 🎙️: Download Our Podcast: https://link.chtbl.com/3rEo46CX A podcast where we brainstorm new business ideas based on trends & opportunities we see in the market. Sometimes we have famous guests, and they do it with us. ------- * Would you like to participate in our clips contest? Earn up to $10k by remixing My First Million episodes. To learn more, go to mfmpod.com/clips. ------- Show Notes: (00:00) - How Steph plans to become a billionaire (04:30) - BuiltWith.com, Levels.io, and Ugmonk. (08:00) - Carrd. About.me. Unfold. Media kits. (11:30) - NextEpisode.net (18:30) - The MotoMeter (22:15) - HeadLime (26:00) - Sites that have a surprising amount of traffic - GlitchnDealz.com, FoodTimeline.org (40:30) - "Your listicle is my opportunity" (45:15) - Magnus Carlsen and chess

Sam ParrhostShaan PurihostSteph Smithguest
Dec 27, 202152mWatch on YouTube ↗

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At a glance

WHAT IT’S REALLY ABOUT

Solo Founders, Surprising Traffic Sites, and Overlooked Online Business Opportunities Uncovered

  1. Steph Smith presents solo-run businesses such as BuiltWith, Ugmonk, Carrd, NextEpisode, Bannerbear and Headlime that earn anywhere from hundreds of thousands to millions of dollars a year.
  2. She argues the common thread is solving an existing, seemingly niche problem that many people actually have, rather than inventing demand, and that solo builders get creative because they handle marketing, design and development themselves.
  3. The pair examine surprising traffic and sales stories, including the Glitchn Deals community, Nugget Comfort's reported $4 million month with no ad spend, and the Public Domain Review and Food Timeline sites.
  4. Smith and Parr outline an opportunity around 'healthiest X' searches, combining a TikTok presence with an affiliate site, under her 'your listicle is my opportunity' idea.
  5. They close with chess star Magnus Carlsen as an example of an athlete building equity through a company, alongside chess.com's scale.

IDEAS WORTH REMEMBERING

5 ideas

Solo businesses can be remarkably large

Smith cites BuiltWith at about $14 million, Carrd at $1 million ARR, and SurveyMonkey at $19 million with 12 employees as examples of tiny teams with big revenue.

Solve an existing problem, even if it looks niche

Smith says people often fail by chasing problems that don't exist, while Bannerbear, Headlime and Carrd address needs that most companies or creators already have.

Doing the whole stack breeds creativity

Smith notes that solo founders who handle marketing, design and development aren't constrained by formal training, citing Peter Levels giving away $10,000 to a retweeter instead of buying ads.

Old, unpolished sites can still be lucrative

NextEpisode.net has a dated interface but gets about 3.6 million monthly uniques, with 80% direct traffic, run solo for 15 years; they guess it makes around $1 million a year.

Shared obsessions create large audiences

Glitch deal groups, giveaway-loving communities and parent-focused products like Nugget Comfort show how passionate niches can drive big traffic and sales.

WORDS WORTH SAVING

5 quotes

I think the thing that a lot of people do wrong when they're trying to, like, do their, like, own little startup is they look for things that, like, don't really exist.

— Steph Smith

Like, you don't become a billionaire from working for a company and buying ETFs.

— Steph Smith

I find they're actually a lot more creative, right? So they're, like... They're not, like, constrained by the marketing degree that they had, you know, before.

— Steph Smith

I think it's a, like, the indie hacker community and the nomad community overlap 'cause they're both kinda, like, rebellious in a way. They're like, "I don't need to live in one place," or like, "I don't need to raise venture capital."

— Steph Smith

I just love that there's someone who's this weird and quirky enough to dedicate time to do this because I love people like that, and people who are crazy enough to put all their energy into something like this.

— Sam Parr

Companies of oneIndie hackers and nomad foundersOpen startup pages and the MotoMeterGlitch deals and giveaway communitiesPublic domain IP and merchandiseHealthiest-food search opportunityMagnus Carlsen's chess business

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