WEBVTT - 💰 The Next Trillion Dollar Business 🫨💰 (Take Notes!! ✏️)

0:00:00.920 --> 0:00:04.520
<v Speaker 1>Flex and Frooms Flex and Fromes. This is the Flex

0:00:04.519 --> 0:00:08.680
<v Speaker 1>and Frooms catch up podcast. I don't think any of

0:00:08.760 --> 0:00:11.520
<v Speaker 1>us could have anticipated the companies that exist now that

0:00:11.560 --> 0:00:15.400
<v Speaker 1>are running the world, or the services that these companies

0:00:15.480 --> 0:00:17.959
<v Speaker 1>offer that have become so vital in our lives. We

0:00:18.000 --> 0:00:22.400
<v Speaker 1>could not imagine living without them. I'm talking ride share apps.

0:00:22.520 --> 0:00:27.920
<v Speaker 1>We were getting places fine with ease before, we were

0:00:27.960 --> 0:00:30.319
<v Speaker 1>paying thirty bucks to go ten minutes down the road.

0:00:30.520 --> 0:00:34.760
<v Speaker 1>There were options. We were eating fine before we decided

0:00:34.760 --> 0:00:39.880
<v Speaker 1>that paying fifty dollars for lukewarm, cold, subpar food five

0:00:39.920 --> 0:00:43.400
<v Speaker 1>times a week was regular and normal and sane behavior.

0:00:44.320 --> 0:00:49.720
<v Speaker 1>We truly bought stuff fine before we made every transaction

0:00:49.880 --> 0:00:52.440
<v Speaker 1>digitally and from the other side of the world. We

0:00:52.560 --> 0:00:57.280
<v Speaker 1>had options. But now these services become so intertwined with

0:00:57.320 --> 0:00:59.880
<v Speaker 1>the way that we live that in order to uncouple

0:00:59.880 --> 0:01:02.400
<v Speaker 1>from these services we need to literally change our lifestyle.

0:01:02.680 --> 0:01:06.959
<v Speaker 1>That's insane to me that for me to now decide

0:01:06.959 --> 0:01:09.880
<v Speaker 1>that I'm not going to use any kind of delivery

0:01:09.920 --> 0:01:14.720
<v Speaker 1>food service, I would need to literally change my life.

0:01:15.560 --> 0:01:19.200
<v Speaker 1>I can't relate. I know, I hate it. It's unfortunate.

0:01:19.840 --> 0:01:23.360
<v Speaker 1>So I was thinking and thank goodness for the people

0:01:23.360 --> 0:01:25.480
<v Speaker 1>who work in my phone that make sure that any

0:01:25.840 --> 0:01:28.320
<v Speaker 1>passing thought that I have is reflected in my algorithm.

0:01:28.319 --> 0:01:29.800
<v Speaker 1>I don't know what I would do without you, because

0:01:29.800 --> 0:01:32.559
<v Speaker 1>I was thinking, what will be the next bajillion trillion

0:01:32.600 --> 0:01:34.640
<v Speaker 1>dollar company, the next thing that will come to be

0:01:35.000 --> 0:01:37.240
<v Speaker 1>that we didn't know we needed and now we can't

0:01:37.280 --> 0:01:40.880
<v Speaker 1>really live without, and what industries will be pumping in

0:01:40.880 --> 0:01:43.440
<v Speaker 1>the way that they aren't pumping now. So then this

0:01:43.560 --> 0:01:46.040
<v Speaker 1>TikTok came up on my feed from this creator called

0:01:46.280 --> 0:01:51.080
<v Speaker 1>the Ilhan Jama, and she had four distinct categories, and

0:01:51.120 --> 0:01:53.040
<v Speaker 1>I think she kind of ate with that. Yes, I

0:01:53.160 --> 0:01:55.160
<v Speaker 1>love to know that someone's been thinking about this. She's

0:01:55.200 --> 0:01:57.840
<v Speaker 1>giving away this information for free, which you know, we've

0:01:57.840 --> 0:01:59.560
<v Speaker 1>got to be mindful about that because there is some

0:01:59.640 --> 0:02:02.800
<v Speaker 1>tech always watching course. But you know you're in good company,

0:02:02.880 --> 0:02:05.760
<v Speaker 1>So let's talk about it. So, the first category, or

0:02:05.840 --> 0:02:08.760
<v Speaker 1>the first problem that needs to be solved that we

0:02:08.800 --> 0:02:12.280
<v Speaker 1>don't have a clear solution for yet is the dating

0:02:12.639 --> 0:02:17.600
<v Speaker 1>loneliness friendship epidemic. Dating apps don't work as intended. People

0:02:17.639 --> 0:02:20.400
<v Speaker 1>are reporting higher levels of loneliness and ever before and

0:02:20.480 --> 0:02:23.520
<v Speaker 1>every second person has a friendship issue that cannot be

0:02:23.560 --> 0:02:26.200
<v Speaker 1>solved with traditional means like talking. So who is going

0:02:26.240 --> 0:02:29.560
<v Speaker 1>to capitalize off these issues and monetize them feed it

0:02:29.600 --> 0:02:31.960
<v Speaker 1>back to us in a way that's beneficial. People do

0:02:32.160 --> 0:02:36.440
<v Speaker 1>argue that the reason why we struggle in relationships is

0:02:36.480 --> 0:02:39.680
<v Speaker 1>because social media optimized the one part of our lives.

0:02:39.720 --> 0:02:41.760
<v Speaker 1>It didn't need to be optimized. We didn't need to

0:02:41.840 --> 0:02:44.640
<v Speaker 1>know how to do relationships quicker or more efficiently. We

0:02:44.680 --> 0:02:48.239
<v Speaker 1>actually did need the slower burn of intimacy, and now

0:02:48.240 --> 0:02:51.600
<v Speaker 1>we bypass that. We have to undo that. So when

0:02:51.639 --> 0:02:53.480
<v Speaker 1>I start my pen power company, don't come for me.

0:02:53.600 --> 0:02:58.160
<v Speaker 1>Just know I'm saving lives. The next category is side hustles.

0:02:58.240 --> 0:03:01.160
<v Speaker 1>So if we live in a society the average person

0:03:01.280 --> 0:03:04.440
<v Speaker 1>cannot sustain themselves on their single income and is being

0:03:04.480 --> 0:03:07.639
<v Speaker 1>motivated by the entrepreneur story to start something on the

0:03:07.760 --> 0:03:11.280
<v Speaker 1>side to give them more money, what company will exist

0:03:11.280 --> 0:03:14.680
<v Speaker 1>to help them do that efficiently? You know, how do

0:03:14.760 --> 0:03:17.079
<v Speaker 1>we help you help you? Because that's what these other

0:03:17.080 --> 0:03:19.760
<v Speaker 1>companies are claiming to do, helping you help you? Now,

0:03:19.800 --> 0:03:22.120
<v Speaker 1>will it be like dating apps where you are giving

0:03:22.120 --> 0:03:24.160
<v Speaker 1>away your data and your time and your energy and

0:03:24.200 --> 0:03:27.160
<v Speaker 1>your money in hopes that you'll come out of it

0:03:27.200 --> 0:03:29.000
<v Speaker 1>with a relationship In hopes that you'll come out of

0:03:29.000 --> 0:03:32.000
<v Speaker 1>it with a career and it just never comes. Maybe

0:03:32.120 --> 0:03:35.880
<v Speaker 1>possibly the other category, this was an amazing one, women

0:03:36.400 --> 0:03:40.680
<v Speaker 1>only homes. Yeah, let's go now that one. I don't know,

0:03:40.720 --> 0:03:43.560
<v Speaker 1>because there was a point in time where women's only

0:03:43.720 --> 0:03:46.040
<v Speaker 1>gyms were beginning to be a bit of a thing.

0:03:47.080 --> 0:03:49.960
<v Speaker 1>And I don't know why those fell off. I know

0:03:50.000 --> 0:03:54.680
<v Speaker 1>because I would love to go to one now. Yeah, yeah,

0:03:54.840 --> 0:03:58.720
<v Speaker 1>they were genius. Where did they go? They must still exist? Maybe?

0:03:58.720 --> 0:04:01.080
<v Speaker 1>I guess the emphasis for so long on women's appearances

0:04:01.120 --> 0:04:06.720
<v Speaker 1>has been external things like body modifications and diet, but

0:04:06.800 --> 0:04:10.040
<v Speaker 1>perhaps maybe there wasn't as much of a pop culture

0:04:10.080 --> 0:04:12.840
<v Speaker 1>focus on fitness as there is right now. True to

0:04:12.880 --> 0:04:15.040
<v Speaker 1>maybe a women's gym would make more sense in twenty

0:04:15.080 --> 0:04:17.720
<v Speaker 1>twenty three than it did in twenty thirteen. And the

0:04:17.839 --> 0:04:20.600
<v Speaker 1>last industry, or the last category is two to three

0:04:20.680 --> 0:04:22.760
<v Speaker 1>step makeup. I know people spend a lot of time

0:04:22.880 --> 0:04:26.280
<v Speaker 1>roasting predominantly men for two in one products and finding

0:04:26.320 --> 0:04:31.520
<v Speaker 1>easy ways to speed up the hygiene beautification process, but realistically,

0:04:31.600 --> 0:04:35.239
<v Speaker 1>how long can we be marketed nine ten fifteen step

0:04:35.279 --> 0:04:38.920
<v Speaker 1>skincare routines to then do nine ten fifteen step makeup

0:04:39.000 --> 0:04:42.960
<v Speaker 1>routines to then do nine, ten, fifteen step hair care routines.

0:04:43.000 --> 0:04:45.920
<v Speaker 1>It just doesn't feel like it's going to have legs

0:04:45.920 --> 0:04:50.440
<v Speaker 1>for very long. It's a lot, isn't it. It's a lot. Anyways,

0:04:50.560 --> 0:04:52.400
<v Speaker 1>I'm hoping that we see some of these come true.

0:04:52.440 --> 0:04:53.800
<v Speaker 1>I don't think I can take credit for it, but

0:04:53.880 --> 0:04:56.440
<v Speaker 1>it'd be interesting to see this time in five years,

0:04:56.440 --> 0:04:59.159
<v Speaker 1>it's like, oh, whoa, someone did make a friendship app

0:04:59.320 --> 0:05:02.360
<v Speaker 1>and would you go on? Don't answer that you've been

0:05:02.400 --> 0:05:05.640
<v Speaker 1>listening to The flexen Froom's daily podcast. For more, Tune

0:05:05.680 --> 0:05:08.480
<v Speaker 1>Indicator on DAB or stream it on iHeartRadio