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My First MillionMy First Million

Rich Roll: From Broke At 45 To Building A Multi-Million Dollar Media Empire By Age 55

No more small boy spreadsheets, build your business on the free HubSpot CRM: https://mfmpod.link/hrd - Shaan Puri (@ShaanVP - https://twitter.com/ShaanVP) talks with vegan ultra-endurance athlete and entrepreneur, Rich Roll (@richroll - https://twitter.com/richroll) about starting from nothing to building a million dollar business based on his love of eating plants, fitness, and being an inspiration for personal transformation. — 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: * Rich Roll - https://www.richroll.com * Rich Roll YouTube - https://www.youtube.com/richroll 📧: Sign up for The Hustle Daily Newsletter: https://mfmpod.link/61f 🎙️: Download Our Podcast: https://link.chtbl.com/PWedFrvw 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. ----- Show Notes: (00:00) - Intro (01:55) - Rich Roll's background (13:10) - How to get 11M+ views on YouTube (24:20) - How to do storytelling well (31:05) - From a yurt on a mango farm to now (37:08) - How Rich Roll developed a business structure (39:25) - The business of cookbooks (46:05) - Breaking down revenue (56:24) - Advice for those starting out ----- For more quality videos subscribe here ➡https://www.youtube.com/channel/UCyaN6mg5u8Cjy2ZI4ikWaug?sub_confirmation=1 🔔 Turn on notifications to stay updated with new uploads #shorts #youtubeshorts Like || Share || Subscribe

Rich RollguestShaan Purihost
Jul 20, 20221h 0mWatch on YouTube ↗

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CHAPTERS

  1. 0:00 – 4:08

    Rich Roll's Name and the Story So Far

    The episode opens with Rich Roll describing how broke his family once was. Shaan Puri then jokes about the Rick Roll and sums up Roll's journey from overweight lawyer to plant-based ultra-endurance athlete, asking how he wants to be known now.

    • •Roll recalls losing garbage bins and having cars repossessed
    • •Shaan jokes about the Rick Roll and confirms Rich Roll is his real name
    • •Shaan recaps the path from lawyer to recovery to vegan endurance athlete
    • •Roll says he is trying to graduate from being known only as a vegan endurance athlete
  2. 4:08 – 13:10

    From Lawyer to Podcaster: Mentor and Early Podcasting

    Roll explains how Finding Ultra put him on the map and why leaving law was an inelegant process for someone not naturally entrepreneurial. He credits mentor Greg Anzalone with building structure and describes starting the podcast in 2012 with little competition.

    • •Finding Ultra came out almost 10 years ago, and he was still practicing law at the time
    • •He was raised to seek safety and never absorbed entrepreneurship, even at Stanford
    • •Mentor Greg Anzalone, CEO of Sideshow, helped him build structure and strategy
    • •The podcast launched in 2012 with little competition and rose to the top of iTunes rankings
  3. 13:10 – 15:54

    Audience Size and YouTube vs. Audio

    Shaan asks how big the show is. Roll says the audience is 90 to 95% audio, mostly on Apple Podcasts. YouTube is newer and hit or miss, with outliers like the first Huberman episode at around 11 million views.

    • •YouTube filming began about two and a half to three years ago
    • •Audio audience is predictable, roughly half a million per episode
    • •YouTube performance is all over the map because of the algorithm
    • •Roll sees YouTube thumbnails as a billboard and keeps investing in it
  4. 15:54 – 24:22

    Why the Show Worked: Shaan's Theory and Roll's Response

    Shaan lists what he sees as the keys to Roll's success: being early to a big platform, owning a niche, telling transformation stories, and holding a contrarian belief. Roll agrees with most of it but pushes back on "red pill" and argues that story and quality win over the long run.

    • •Shaan names early timing, niche authority, story as transformation, and a contrarian view
    • •Roll bristles at the "red pill" label and avoids telling people how to live
    • •He says people learn through stories and need an emotional attachment to act
    • •His long-term strategy is to focus on quality over gaming titles and trends
  5. 24:22 – 30:10

    How to Get Better at Storytelling

    Shaan says he wasn't a natural storyteller and asks Roll for lessons. Roll says his education came from thousands of AA meetings, where he learned to lead with vulnerability. He also draws on the hero's journey and says it mostly comes down to practice and authenticity.

    • •Roll learned storytelling by watching people share openly at AA meetings
    • •Leading with vulnerability builds trust and invites the other person to open up
    • •He looks for a mini or macro hero's journey in every guest
    • •He says it takes practice and has to be natural and authentic to the speaker
  6. 30:10 – 31:04

    Favorite Storytellers

    Shaan asks which storytellers or books Roll has learned from. Roll names Malcolm Gladwell as a master and Adam Grant as a phenomenal storyteller.

    • •Gladwell is a master who can find a fascinating story in anyone
    • •Roll recently had Gladwell on the show
    • •Adam Grant is another storyteller he admires
    • •He points to social psychology authors as strong storytellers
  7. 31:04 – 35:45

    Broke to Kauai: The Yurt on the Mango Farm

    Shaan reads a quote about living in yurts, and Roll describes the financial collapse after his book came out. A friend's job offer took the family to a Kauai mango farm, where the creative itch to start the podcast began.

    • •The book advance was spread out and shrank after taxes and agent cuts
    • •Roll didn't renew his bar membership, trusting that opportunities would come
    • •The family couldn't pay the mortgage and had cars repossessed
    • •A friend offered paid work on a Kauai property, and the family lived in yurts
    • •The podcast started from a need for something creative while on the island
  8. 35:45 – 39:26

    The Business Structure and Revenue Streams

    Shaan asks Roll to break down the business behind the content. Roll says his mentor became his business partner and brought structure, patience, and incremental growth. The result is a diversified, media-focused business with the podcast as the engine, plus a meal planner and books.

    • •Roll clarifies he has no financial involvement in EPIC5
    • •His mentor became his business partner and brought sound business fundamentals
    • •Growth has been slow and incremental by design
    • •The podcast drives everything and earns the most income
    • •The meal planner is a low-cost entry point for changing food habits
  9. 39:26 – 44:22

    The Business of Cookbooks and Books

    Shaan asks whether cookbooks are a good business. Roll says they are hit or miss but can be perennial sellers. He describes his publisher deals, Finding Ultra's growing sales, and the self-published Voicing Change coffee table books used as keepsakes and marketing tools.

    • •Cookbooks are hard to produce but can sell year after year
    • •Cookbooks were done with Avery and earned good advances
    • •Finding Ultra keeps selling more each year, helped by the growing platform
    • •Voicing Change books are self-published, with a different revenue model and goals
    • •The books help show brands the show's quality
  10. 44:22 – 47:28

    Flops and the Revenue Pie Chart

    Roll talks about a supplement line he abandoned because of manufacturing risk. He estimates the podcast brings in 80 to 85% of revenue, with speaking, athlete sponsorships, and retreats making up the rest.

    • •The protein powder was modestly successful, but he lost interest and saw high risk
    • •Merchandise exists but doesn't do fantastically
    • •The podcast is roughly 80 to 85% of revenue
    • •Other income comes from public speaking, athlete sponsorships like Salomon, and retreats in Italy
  11. 47:28 – 52:08

    Ambition vs. Contentment

    Shaan describes two types of admirable guests, the limitless dreamer and the grounded content one, and asks where Roll sits. Roll leans toward contentment, focusing on getting better daily and staying grateful. He says he is following an artist's path rather than building a network to sell.

    • •Shaan contrasts the high-ambition founder with the person who has found enough
    • •Roll leans toward contentment but admits he is competitive and petty about rankings
    • •Gratitude and avoiding envy matter to him as a recovering alcoholic
    • •He chose not to build a podcast network or an exit-focused entity
  12. 52:08 – 56:11

    Trends: Meaning for Young and Old

    Asked about trends and gaps he sees, Roll points to a shared hunger for meaning among young people and people in midlife. He sees Gen Z choosing careers for impact and older people questioning how much meaning their path has given them.

    • •Roll focuses on two groups: young people and those getting older
    • •Young people think about careers in terms of meaning rather than pay
    • •Older people ask how happy they are and how to add meaning
    • •Both groups share interest in happiness, contentment, and authentic expression
  13. 56:11 – 1:00:02

    Acting on It: Advice for Young and Older People, and Closing

    Shaan asks how Roll would act on that insight. Roll tells young people to invest in experience rather than rush into a career, and tells older people to reconnect with intuition and joy, which he says is not selfish. The episode closes with where to find him at richroll.com.

    • •Young people shouldn't be expected to know who they are before they've had many experiences
    • •Older people can become calcified in a story and need to reprogram
    • •Following what brings joy is not an indulgence or selfish
    • •Everything is at richroll.com, including the podcast and YouTube channel

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