The 2010s were arguably the peak of ecommerce. Amazon solidified itself as the greatest e-commerce company of all time, and many other people made themselves millionaires through social media ads. In today's episode, we look at how Wish.com went from dominating the 2010s through dropshipping to being a relic of the past.

New Episodes on Tuesdays!

Music: Novembers - Come Over

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Have you ever wondered what a private equity success story looks like? All too often, we hear about companies going private via private equity and ultimately going bankrupt. In today's episode, we learn how Barnes and Noble escaped the jaws of death by reimagining what their business should be like. Sources: Jeff Bezos Interview: https://youtu.be/zhRt-IisSaM?si=3NedZhzCHPB3F2bZ Barnes and Noble Financials: https://www.businesswire.com/news/home/20110621005904/en/Barnes-Noble-Reports-Record-Sales-of-7-Billion-in-Fiscal-2011 If you enjoyed today's episode: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Connect on LinkedIn⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠: www.linkedin.com/in/david-dooley-aa919285 ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Leave a Review on Apple Podcasts⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠: https://podcasts.apple.com/us/podcast/the-premature-millionaire-show-the-show-about/id1367751324 ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Consider Subscribing⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠: https://podcasters.spotify.com/pod/show/premillshow Leave a Rating on Spotify! Thanks for listening!

Tariffs can have unpredictable everlasting consequences. Sometimes a tariff on chicken can make F150s the best-selling trucks, and sometimes a quota on Bananas can build the Luxury Market in Asia. Join me as I uncover the banana war, a political battle over a fruit.

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AI has completely changed how AWS, Microsoft, and Google approach cloud computing. Cloud computing was once thought of as outsourcing IT infrastructure. Cloud computing is no longer how companies store data, it's now a competitive advantage for many companies depending on their chosen provider. In today's episode, we look at why not all companies are created equally.

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Starbucks recently announced a decrease in same-store sales. How can a company that sells things that people are literally addicted to be struggling? In today's episode, we look at why Starbucks might be struggling due to its success.

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Moats are naturally occurring in the business world. Whether you want to create a new life-saving medicine, build a plane, or sell cereal, you face an uphill battle because of a moat. In today's episode, we look at how Rivian was able to carve out its lane in an industry designed to keep new startups out.

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The future looks like a mix of AI and Mixed reality. Meta's new development product, Orion, could be the future we've all seen coming. In today's episode, we discuss the implications of Meta's Connect event.

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Apple is worth trillions of dollars, so it would only stand to reason that the iPhone is worth at least a trillion as well, right? In today's episode, we explore the idea of the iPhone being the most important product in the world.

Sources:

Where is the iPhone made? From components to final assembly (androidauthority.com)

Charted: Apple's Product Revenue (2007-2023) (visualcapitalist.com)

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Dollar Stores are facing an existential threat from Temu. In today's episode, we learn about how a two-year-old company named Temu is threatening to put an entire company out of business.

Time Stamps:

00:00 Intro

1:58 History of Temu

3:16 Reason #1 - Value

4:19 Reason #2 - Selection

5:00 Reason #3 - Flexibility

5:53 Reason#4 - Marketing

6:48 What I think Dollar Stores Can Do

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Chewy is one of the few companies that compete with Amazon in a world where anyone can sell anything online. In today's episode, we explore why one of the best competitive advantages a company can have requires little to no technology. Listen to today's episode to learn how to build an e-commerce company that competes with Amazon.

Audio Source: https://www.youtube.com/watch?v=N5uhKKRcBD8

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It seems like every day we are reading about a new company closing a funding round that is leading to a lofty valuation. Discover how the internet is revolutionizing the Consumer Packaged Goods (CPG) industry, creating billion-dollar startups that are disrupting traditional markets. In this episode of Business Adventures, we explore the success stories of Liquid Death, Magic Spoon, and Chomps – three innovative companies that have mastered the art of leveraging digital marketing, novel product ideas, and modern technology to achieve unicorn status.

Learn about the three-pillar strategy driving these CPG disruptors:

1. Creating unique product concepts
2. Harnessing technology for production and distribution
3. Implementing creative marketing and brand development

From canned water with attitude to adult-oriented cereals and clean-ingredient meat snacks, we'll uncover how these brands are changing how consumers choose products. Gain valuable insights into trend-spotting, building passionate fan bases, and cultivating a tech-company mindset in the CPG space.

Whether you're an aspiring entrepreneur, a marketing professional, or simply curious about the changing landscape of consumer goods, this episode offers a deep dive into the new era of CPG innovation. Join us to explore how the internet isn't just changing how we chew gum – it's transforming the entire consumer goods industry.

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