Passive Income Expert: How To Make 10k Per Month In 90 Days!

Steven Bartlett (0:00)

A lot of people are looking for passive income from Side Hustles.

Christian Koerner (0:03)

Yeah, it's the financial ozempic, and it's more accessible than ever. Like 90 percent of the ideas I talk about can be launched with $500 or less, and there's enough time in the day to do these on the nights and weekends.

Steven Bartlett (0:14)

So in these three suitcases in front of me, I have three different amounts of money, and during this conversation, I'm going to pass you a box at random, and your job is to tell me what kind of business you would start with that amount of money.

Christian Koerner (0:24)

Sounds good. Let's do this.

SPEAKER_3 (0:25)

Known as the King Of Side Hustles, Chris Koerner has launched over 80 businesses, earning millions in the process. And now, the serial entrepreneur is going to teach us how to adopt a business mindset.

SPEAKER_4 (0:36)

And launch simple, overlooked, but profitable ventures with little money.

Christian Koerner (0:40)

Many of us struggle financially, and they see a side hustle as a solution to that. Like for me, growing up kind of poor, business allowed me to take hold of my life and make it what I wanted it to be. And it started when I was nine years old and wanting a red Schwinn bicycle. My friends had a bicycle, my neighbors had a bicycle, and my parents didn't have money for it. But I lived across the street from a golf course, and these golf balls would fly in my yard, and I would go to my neighbor's yard and go across the street, dig through the ditches, and I pull out all these golf balls, and I started selling them. That was my first business. That taught me that business is approachable, and we all have ideas, but we usually don't do anything about it.

Steven Bartlett (1:10)

Why?

Christian Koerner (1:10)

I think number one, they're afraid of what people think. Number two is they don't have the tools, or they're not connecting the tools with the ideas. If we can get over those, the world is our oyster at that point.

Steven Bartlett (1:19)

I think I have $1,000. What side hustle do you start?

Christian Koerner (1:22)

The first thing that comes to mind is my favorite business idea of all right now. This is a zero-employee business. It's highly profitable, and that would be...

Steven Bartlett (1:30)

So how important is it for you to love the thing, to be successful at it?

Christian Koerner (1:33)

Ignore passion, follow the profit, until you can afford to follow your passion.

Steven Bartlett (1:37)

Do they need a business partner?

Christian Koerner (1:38)

No. If you look at the stats on business failure rates with companies that have co-founders, it's significantly higher than companies that have solo founders.

Steven Bartlett (1:46)

And how does someone validate their business idea?

Christian Koerner (1:48)

If I had to pick one tool, it's one that one in four humans use every day. That's everything you need right there.

Steven Bartlett (1:58)

Just give me 30 seconds of your time. Two things I wanted to say. The first thing is a huge thank you for listening and tuning in to the show week after week. It means the world to all of us, and this really is a dream that we absolutely never had and couldn't have imagined getting to this place. But secondly, it's a dream where we feel like we're only just getting started. And if you enjoy what we do here, please join the 24% of people that listen to this podcast regularly and follow us on this app. Here's a promise I'm going to make to you. I'm going to do everything in my power to make this show as good as I can, now and into the future. We're going to deliver the guests that you want me to speak to, and we're going to continue to keep doing all of the things you love about this show.

Who are you, and what is the mission that you're on?

Christian Koerner (2:52)

I am a father, I am a husband, and I'm a serial entrepreneur. And I love talking about business and starting businesses and inspiring other people to do the same.

Steven Bartlett (3:04)

Why?

Christian Koerner (3:06)

Business has given me everything. Growing up kind of poor, it was my outlet. It was my way of just kind of taking hold of my life and making it what I wanted it to be. And I have immense gratitude for that. And I love, I just love talking about it. I, it's the only thing I know. I can't talk to you about history or nutrition or anything. But when it comes to business, I just love it. And I want other people to love it as well.