All episodes of My First Million

My First Million · 2026-11-04 · 31 min · 6,981 words

The 2 businesses AI can never make obsolete

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All right, Sean, I'm gonna make the case that if you're not an AI person, which I'm not, there's still a lot of money to be made by building businesses that will grow with AI and they won't actually be AI. And what are those businesses? communities so here's two different communities I want to show you that crush it. I feel like I can rule the world of nowhere Be what I want to

Hard F on that on that fascinating. That's a pH. Almost. Um all right, let me give you the first one. So I was talking to a friend. My one of my buddies has a company that is selling to uh auto dealers. And he's been telling me all about the auto dealer like industry. And they're kinda like as you'd expect cowboys a little bit. Like they're like think of like an auto dealer. Midwestern guy wearing loafers and like baggy jeans and he like probably makes five million dollars a year, but he's like, you know, kinda got hillbilly energy a little bit. And so I enjoy hearing these stories. Not only can I see his face, I can see his crack also, just in my mind's eye. Yeah. Yeah. Like have you have you seen that picture of the guy in the airlines where he's like sitting down with both hands on his on his big jeans and he's got this fat Rolex and he's kinda fat and overweight. And it says like you know this guy's about to win the negotiation. That's like sort of how I think about them. But let me tell you about this like interesting company. It's called

Nada twenty. At a twenty group. Learn from the best. Your peers supported by tw world class, twenty group consultants and Nata driving you to your dealership success. Okay. Yeah. Horrible marketing. Absolutely horrible marketing. Okay. So Nata, I think it stands for national Automotive dealer association. It's a big association for auto dealers. And they do this thing called Nata 20 Groups. And it started, I believe, in the seventies to where if you are an auto dealer, you want to grow your business and and and get better. And so what they do is you apply to join and you pay something like six or eight grand a year to get in. And then they put you in groups of twenty four

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