My First Million
The best business ideas come from noticing what's working and doing it better, faster, or for a different audience.
Build trusted business relationships entirely through digital interactions
Entrepreneurs, freelancers, and remote workers seeking to scale partnerships
6 months to 2 years per relationshipWhat Success Looks Like
Trusted business partnerships conducting significant transactions without ever meeting in person
Steps to Execute
Establish initial contact through quality content or referrals
Exchange value through small projects or advice
Gradually increase trust through consistent delivery
Implement verification systems for high-stakes exchanges
Build ongoing communication through multiple channels
Scale trust through repeated successful interactions
Checklist
Inputs Needed
- Quality online presence
- Verification documents for high-stakes deals
- Communication tools (Slack, email, etc.)
- Small initial projects to test competence
- Network of mutual connections
Outputs
- Trusted business partners
- Reduced geographic constraints
- Faster partnership formation
- Access to global talent pool
- Lower overhead relationship costs
Example
“Sam Parr built relationships with developers, researchers, and business partners entirely through Twitter DMs and Slack, conducting tens of thousands in business without phone calls.”
Related Knowledge
Brand as Moat Strategy
Using brand power as a primary competitive moat instead of technology or network effects, particularly effective in luxury goods where perception drives value.
Correct Lesson Learning Framework
A systematic approach to evaluate whether someone is drawing the correct conclusions from their experiences, rather than just having experiences.
Service-to-Product Acquisition Strategy
Using profits from a service business to systematically acquire better businesses with recurring revenue and product characteristics.
fail_fast_misinterpretation
Acquire and turn around distressed luxury brands
Transformed brand with luxury margins (75%+), global distribution, and sustainable competitive moat
Diagnostic Authority Model
When you can diagnose a problem for someone, you gain more authority and sales leverage than if they already know they h