How To Make $10 MILLION in 2024 | Dickie Bush & Nicolas Cole
January 18, 2024
AI Summary
5 min readHow To Make $10 MILLION in 2024 | Dickie Bush & Nicolas Cole
The Pet Supplement That Writes Itself
The single best business idea in the world right now, according to Nicolas Cole, is a pet version of AG1. The logic is brutal and honest: AG1 is an extremely high-margin product with a complex formula that can't be recreated, no proof it works or doesn't, and customers who justify the purchase by claiming they feel better. "No one is taking AG1 and be like, I don't feel any different," Cole says. "It's like, oh, I spent a bunch of money on this. I feel great."
A pet version is even better because "there's even less proof that it works. What are you going to ask your pet if it's feeling better from its green supplement?" The emotional hook is stronger too: giving your dog a supplement is saying "I love you" without saying it. The risk of stopping feels higher than continuing, because you can't tell if the pet feels worse.
Cole had already pitched this idea on another podcast, and a major water manufacturer reached out offering to co-pack a water-based version and get it into every Whole Foods, Publix, and Safeway. The counterpoint: digital products are easier to build than physical ones. But the upside on physical is larger.
The Paid Newsletter That Isn't Just a Newsletter
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What you'll learn
- 1 (00:00) **The $10M Challenge & The Pet AG1 Idea** - The hosts frame the episode around how to build a $10M business from scratch, starting with a specific product idea.
- 2 (09:00) **Hyper-Niche Paid Newsletters as a Business Model** - The conversation shifts to paid newsletters as a scalable, high-margin business.
- 3 (11:00) **The Real Value of a Paid Newsletter: It's the Beginning, Not the End** - The hosts explain why recurring revenue is just the first step.
- 4 (12:00) **Framework for a Great Paid Newsletter** - A checklist for choosing a topic and structuring content.
- 5 (14:00) **AI's Role: Not Replacement, but Mass Customization** - The hosts discuss how AI can be used to scale content creation.
- 6 (16:00) **The Agora Model: A Portfolio of Paid Newsletters** - The hosts explain the massive potential of owning a portfolio of paid newsletters.
- 7 (18:00) **Lifestyle Cash Flow Matching** - A strategy for using recurring revenue to fund personal expenses.
+ Full timestamped outline available in the app
Show Notes
I'm joined by Dickie Bush, Co-Founder of Premium Ghostwriting Academy and Nicolas Cole, Co-Founder of Ship 30 for 30. We talk about the best ways to make $10M in 2024 if you were starting from scratch: hyper-niche paid newsletters, AI-powered book publishing, and so much more.
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