Company case study
Next Admit
Next Admit is a service that helps students write college entrance essays and prepares them for college applications. It came up on My First Million in the episode "7 People Making $5M-$10M From Weird Hobbies" (aired September 5, 2025). As told on the show: Charges around $80 per review, with plans to expand into SAT prep courses.
At a glance
| Podcast | My First Million |
|---|---|
| Hosted by | Sam Parr and Shaan Puri |
| Episode | 7 People Making $5M-$10M From Weird Hobbies |
| Aired | September 5, 2025 |
| Revenue and traction | Charges around $80 per review, with plans to expand into SAT prep courses. |
| Category | Education |
Figures and claims are as told on the episode, summarized from the transcript. Check the date: they describe the company at the time it aired.
What the episode said
7 People Making $5M-$10M From Weird Hobbies · aired September 5, 2025 · hosted by Sam Parr and Shaan Puri
Why it works
Next Admit addresses a specific need for students seeking to navigate the college admissions process, providing tailored support that resonates with the target demographic.
Founding story
Founded by a former content creator who gained popularity during his time at MIT, leveraging his experience to help others.
The playbook
The business focuses on understanding the needs of first-generation college applicants and provides customized support to enhance their chances of acceptance.
Also mentioned
The founder has a significant following on YouTube, which helps in marketing the service.
Why this works now (our analysis)
High school seniors with a GPA above 3.5 and a desire to attend competitive colleges benefit from Next Admit's tailored essay review service, which utilizes a structured rubric to assess and enhance their application narratives. The founder initially tapped into the MIT student community, promoting services through targeted posts in the r/ApplyingToCollege subreddit, effectively reaching students in need of personalized guidance. A challenge for Next Admit is the potential high customer acquisition cost, as attracting clients through paid advertising may strain early revenue while scaling the business.