Show notes
Episode 596: Sam Parr ( https://twitter.com/theSamParr ) talks to Craig Fuller ( https://x.com/FreightAlley ) about how he turned dying hobby magazines into a cash flow machine. —Show Notes:(0:00) Intro(2:45) Economics of long-haul trucking(3:36) Getting fired from the family business(5:30) Fuel cards for truck drivers(6:40) How FreightWaves hit $20M ARR in 2 years(9:08) Acquiring FLYING for $3.5M(12:14) Opportunity: Depressed media properties(16:02) From losing $8 per subscriber to profitability in 1 year(20:31) A media side hustle becomes a real estate main hustle(22:55) Craig's tolerance for being leveraged(25:32) Pre-selling $28M units pre-construction(28:51) Diversity, Asymmetrical risk, and generational security(31:11) Teams to diversify your time(34:21) Building a portfolio of hobby magazines(37:20) Content to commerce playbook(47:03) The story of William Randolph Hearst(51:32) What's the chase?(53:15) "The best thing to give a founder is an enemy"—Links:• FreightWaves - https://www.freightwaves.com/• Knight-Swift - https://knight-swift.com/• Firecrown - https://firecrown.com/• The Chief - https://tinyurl.com/36khrt8y—Check Out Sam's Stuff:• Hampton - https://www.joinhampton.com/• Ideation Bootcamp - https://www.ideationbootcamp.co/• Copy That - https://copythat.com• Hampton Wealth Survey - https://joinhampton.com/wealth• Sam’s List - http://samslist.co/—Check Out Shaan's Stuff:Need to hire? You should use the same service Shaan uses to hire developers, designers, & Virtual Assistants → it’s called Shepherd (tell ‘em Shaan sent you): https://bit.ly/SupportShepherdMy First Million is a HubSpot Original Podcast // Brought to you by The HubSpot Podcast Network // Production by Arie Desormeaux // Editing by Ezra Bakker Trupiano