The Simple Newsletter Making $20M+ A Year With 1 Employee

ℹ️ EPISODE INFO

Released

July 1, 2024

Duration

1h 2m

Channel

My First Million

Watch on YouTube

▶ Open ↗

📝 EPISODE DESCRIPTION

📈 Steal our playbook on how to spot business trends: https://clickhubspot.com/bzx Episode 603: Sam Parr ( https://twitter.com/theSamParr ) and Shaan Puri ( https://twitter.com/ShaanVP ) talk to Kevin Van Trump ( https://x.com/KevinVanTrump ) about his journey from rural farm kid, to commodities trader, to creator of a farm newsletter that’s making $20M/year. — Show Notes: (0:45) How Sam met Kevin, then got his mind blown (2:05) Shaan's reaction at his 1st Farmcon experience (Corn futures and options trading) (4:35) The farmer's theory of the old bear and the young bull (5:00) How Kevin's newsletter inspired Shaan to start Milk Road (6:25) Breaking down The Van Trump Report ($18M ARR run by 4 ppl) (8:05) Rural farm kid gets into trading (12:28) Farmers operating at the highest level (13:50) Ag Swag (16:18) The Van Trump Business Model "People buy value not price" (19:00) The customer continuum (20:43) Poker vs chess (23:57) The decision to do nothing is still a decision (25:04) Trader v investor (28:20) How most people should be building wealth (32:37) Why the wealthy are getting into agriculture (33:55) The succession plan for farms (36:00) The economics of professional bull riding (39:14) The come up of FarmersOnly (41:15) How to buy a farm (44:32) Wearables for livestock (45:18) Blockchaining farms (47:55) Kevin's take on lab-grown meat (50:00) Opportunity zones: air, shelter, food, water (52:35) New trend: trade schools (54:24) Roll ups for wealth creation (55:30) How to gain new perspectives (purposefully) (57:50) Windows vs doors — Links:

• FARMCON - https://www.farmcon.com/
• The Van Trump Report - https://www.vantrumpreport.com/
• AgSwag - https://agswag.com/
• Bid On Beef - https://www.bidonbeef.com/
• AcreTrader - https://acretrader.com/
• Zoetis - https://www.zoetisus.com/

— Check Out Shaan's Stuff: Need to hire? You should use the same service Shaan uses to hire developers, designers, & Virtual Assistants → it’s called Shepherd (tell ‘em Shaan sent you): https://bit.ly/SupportShepherd — 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
• Sam’s List - http://samslist.co/

My First Million is a HubSpot Original Podcast // Brought to you by The HubSpot Podcast Network // Production by Arie Desormeaux // Editing by Ezra Bakker Trupiano

🎤 SPEAKERS

• Sam Parr

  host

  Co-host of My First Million and founder of The Hustle (including the premium newsletter Trends).

• Kevin Van Trump

  guest

  Publisher of The Van Trump Report, an agriculture/commodities markets newsletter and organizer of FarmCon.

• Shaan Puri

  host

  Co-host of My First Million and entrepreneur/investor associated with the Milk Road newsletter brand.

🧾 EPISODE SUMMARY

In this episode of My First Million, featuring Sam Parr and Kevin Van Trump, The Simple Newsletter Making $20M+ A Year With 1 Employee explores farm Newsletter Founder Shares Trading Wisdom, Business Frameworks and Agriculture Opportunities Kevin Van Trump says The Van Trump Report has roughly 30,000 to 40,000 paid subscribers at about $600 a year, was never advertised, runs with about four staff, and grew from a personal trading journal started around 2007.

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