The Side Hustle King: "Make $20K+/month without money, luck, or experience"

**Shaan Puri** (0:00)
All right, I'm going to say one sentence, and then you can decide if this episode is for you. If you're the type of person who's got the entrepreneurial itch, you want to do something. You want to start a new business. You want to get that extra five, 10, $15,000 of income coming in every month, but you don't know which idea to do, which idea to start with. Maybe you don't even have great ideas. This is the episode for that person. We brought on Chris. He's sort of the side hustle king. He loves to find simple, no money up front, easy businesses that can pull in cash quickly, and then can grow from there. And so Chris came on, he's got about five ideas for us. I think you will love this episode with Chris.
All right, we got Chris Koerner here. You are back because you have an absolute pipeline, an absolute full stack of business ideas at all times. Like, you know, what's the open carry? He's open carry with business ideas. If people haven't seen it, you got a great Instagram channel and YouTube channel podcast as well where you talk about different business ideas. And so that's what I want to do today.

**Chris Koerner** (1:10)
Dude, I have so many. It's not Friday, but I feel like we need to call this No Filler Friday because there's no filler today.

**Shaan Puri** (1:16)
All stuff, no fluff.

**Chris Koerner** (1:16)
All right.

**Shaan Puri** (1:17)
I have a friend who I want to ask you this question on his behalf. I have a friend who is a real estate agent and he does well. He makes, I think, let's call it $250,000, $300,000 a year. Been doing that for 10 years, but he's bored. And he wants a little more scale. He wants a little more, he doesn't feel a sense of progress. People always want a sense of progress. And so he feels like it's pretty hard to scale what he's doing there. He's always poking around at, should I buy this vending machine? Should I do this side hustle, pressure washing, whatever it is? Where does your head go as like, look, if I was trying to help you get off the real estate path and maybe have more entrepreneurial path, what do you sell? What do you tell them?

**Chris Koerner** (1:57)
I would tell them to start reselling. Reselling like Costco liquidation items or government liquidation items. So you spend one, 200 bucks, you get what's called a resale certificate, which tells the government, I don't need to pay sales taxes on this because I'm passing it on. A lot of these websites require that number from you in order to sell you liquidation items. There's a website called GovDeals, there's a website called B-Stock. On B-Stock, you buy anything that people return to Costco. I've done this myself, another business I've done. I bought $7,000 worth of washers and dryers for $250 each on average, and I'm selling them on Facebook Marketplace for $750 to $900 each. It's an amazing business because you don't need a warehouse, you don't need a bunch of space, just a garage, and it's all sold on Facebook Marketplace.

**Shaan Puri** (2:46)
I'm on B-Stock right now, and I see that I can buy two pallets of men's gray champion sweatpants, joggers, for $48,000 in New Jersey.

**Chris Koerner** (2:59)
Sounds great.

**Shaan Puri** (2:59)
I'm going to get 1,200 units. What's the price of this? So $48,000, I get 1,200 units, 40 bucks. That's not even a deal. What's going on? Oh, wait, wait. Oh, no. That's the retail value.

**Chris Koerner** (3:09)
Yeah, okay. That makes more sense.

**Shaan Puri** (3:11)
I can buy this for 7,000. So I can buy it for 5 bucks a pop. And it's saying that the standard retail value of this would be 40 bucks a pop. And so you're saying you're going to go buy, you probably wouldn't buy sweatpants, my guess, but what would you be looking for product category-wise?

**Chris Koerner** (3:25)
I like large appliances and outdoor furniture. I think those are both great, especially this time of year. Not electronics, because there's a lot of variables. Back to binary outcomes, there's a lot of things that can break. There's a lot of testing involved. I don't really like clothing personally, but this is a great business, because you don't need to find customers. You just list them on Facebook Marketplace. All your customers are there. You have to buy right, and you have to fulfill, but the harder part is finding customers, and you don't have to do that here.

**Shaan Puri** (3:54)
So I'm looking at, I get 58 used refrigerators. I'm buying them for $34 a unit. $34 a unit for a refrigerator.