Published Jul 6, 2023

13 Businesses Making +$1,000,000/Year With 0 Employees

Sam Parr and Shaan Puri delve into the lucrative realm of one-person businesses achieving over a million-dollar revenue, unpacking the unique challenges of solo entrepreneurship and advocating for strategic partnerships, while also sharing insightful investment strategies and lessons from personal experiences with Bitcoin and Facebook.
Episode Highlights
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Episode Highlights

  • Success Stories

    Sam Parr and Shaan Puri highlight remarkable one-person businesses that generate millions in revenue. They discuss the story of Wargrafts, a company sold for $54 million, created by a single individual who developed a popular companion app for League of Legends 1. Shaan emphasizes the potential of such businesses, noting that they often fly under the radar yet achieve significant success 2. He mentions industries like gaming, apps, and data aggregation as common fields for these powerhouses 3.

    The most common industries you see these one to two person businesses that crush are just like, thought leader on social media.

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    These businesses demonstrate how a small team or even a single person can create substantial impact and financial success.

       

    Business Preferences

    Shaan and Sam discuss the types of businesses they would prefer to own, focusing on low-maintenance and profitable ventures. Shaan highlights Milled.com, a simple yet effective email marketing compilation site that generates revenue through ads and affiliate links 4. Despite its under-monetized model, its simplicity and low maintenance make it appealing. Sam admires Joe Rogan's business model, which combines his passions with significant revenue generation, emphasizing the importance of enjoying one's work 5.

    I think his business is absolutely a mighty business in that it's just let's Sam one, two to three people that is building a thing that does over $100 million in revenue.

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    These examples illustrate the hosts' preference for businesses that align with personal interests and require minimal oversight.

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