My First Million
My First Million

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

Free: 200 business ideas with execution plans, tools, and frameworks https://clickhubspot.com/ekfm Episode 811: Shaan Puri ( https://x.com/ShaanVP ) and Chris Koerner talk about the most overlooked businesses that anyone can start. — Show Notes: (0:00) Intro (1:54) IDEA 1: govdeals.com (6:52) IDEA 2

Featured Speakers

Sam Parr & Shaan Puri HostChris Corner Guest

Topics Discussed

Episode Summary

Executive Summary: The episode spotlights simple, low-capital “white belt” businesses and the mindset behind starting them: prioritize customer acquisition, choose binary-outcome models, and use AI or marketplaces to reduce friction. Chris Corner shares several ideas—reselling liquidation goods, AI implementation services, snail mail subscriptions, tote rentals, wall printing, warehouse food delivery, and RV rentals—while stressing that the best businesses are approachable, teachable, and easy to validate before buying inventory or equipment.

Main Topics: Low-capital reselling via liquidation marketplaces (Priority: 5/5): Chris recommends starting with resale of liquidation goods from Costco or government surplus through platforms like GovDeals and B-Stock. He argues the model is attractive because products can be sourced cheaply, tested for demand, and sold directly on Facebook Marketplace without a warehouse. AI consulting for small and medium businesses (Priority: 5/5): The conversation frames AI implementation—especially voice agents and chatbots—as a near-universal business need. Chris suggests using free educational seminars and audits to convert local businesses, then deploying repeatable AI tools for specific verticals. Snail mail subscription businesses (Priority: 4/5): A growing trend is physical mail subscriptions that deliver letters, recipes, art, or handmade content. Chris highlights strong economics, organic TikTok acquisition, and emotional appeal as drivers of rapid growth. Equipment-light local rental businesses (Priority: 4/5): Tote rentals and RV rentals are presented as scalable side hustles with clear value propositions. Both rely on assets that pay back over time and can be marketed through real estate agents or rental platforms. Wall printing as a visual services business (Priority: 4/5): Chris identifies wall printers as an emerging, visually compelling service for offices, restaurants, and retail spaces. He emphasizes high gross margins, easy content creation for social media, and the possibility of selling the service before owning the equipment. Why binary-outcome businesses outperform complex ones (Priority: 5/5): Chris explains his framework for business ideas: simple inputs, simple outputs, and clear customer value. He contrasts successful models like tree trimming with difficult ones like house cleaning, which have more variability, staffing issues, and lower margins. Avoiding false passive-income myths (Priority: 4/5): The discussion critiques businesses that are commonly marketed as passive—especially vending machines, FBA, dropshipping, and faceless channels. The speakers caution that many such ideas are oversold by course sellers and often require more operational effort than advertised.

Key Arguments: The best starter businesses are low-risk, low-capital, and easy to validate before buying inventory or equipment. Reselling liquidation goods works because demand can be tested on Facebook Marketplace before purchase, reducing downside risk. AI consulting is a major opportunity because almost every business is curious about AI but lacks implementation expertise. Voice agents are the strongest near-term AI service because they solve a universal business problem: answering phones and booking appointments. Snail mail businesses succeed because people value physical, personal mail more than email, and organic short-form video can drive customer acquisition quickly. Tote rentals are attractive because they are lightweight, durable, reusable, and solve a real moving pain point better than cardboard boxes. RV rentals can be highly profitable if owners match the right unit type to local demand and avoid the “messy middle” of owning too few units. Complex businesses with variable customer expectations and staffing challenges often create lower margins and worse reviews than simpler, binary businesses. Many “passive income” businesses are not actually passive; they become attractive only after careful operator management or are oversold by course marketers.

Data Points: Entrepreneurial income goal: $5,000–$15,000 per month - Host frames the episode around listeners wanting extra monthly income from a side business. Real estate agent income example: $250,000–$300,000 per year - Used as the example for a bored real estate agent seeking scale and progress. Resale certificate cost: $100–$200 - Approximate cost to obtain a resale certificate for liquidation/reselling businesses. Washer/dryer acquisition example: $7,000 worth bought for $2.50 each on average - Chris describes buying and reselling used washers and dryers on Facebook Marketplace. Resale price example: $750–$900 per unit - Typical Facebook Marketplace selling price for those washers and dryers. Men’s gray Champion joggers lot: 1,200 units for about $7,000 - Example on B-Stock; indicates roughly $5 per unit cost versus $40 retail value. Used refrigerators lot: 58 refrigerators for $34 each - Illustrates the low-cost inventory available through liquidation sourcing. Snail mail subscription price: $10/month - Price point for the tiny post-style letter subscription business. Snail mail business growth: $0 to $60K MRR in 7 months - Hannah’s snail mail business grew organically through TikTok. Snail mail gross margin: 70% - Reported economics of the letter subscription business. Snail mail net margin: 30% - Reported profitability after costs. Snail mail churn: 2% - Very low subscriber churn for the physical mail business. Initial customer acquisition: 1,500 customers from one viral TikTok - A hidden-camera video about the business generated major traffic. Medium-sized business app pricing: $15,000 upfront + about $1,500/month - Example of vibe-coded custom app implementation into mid-market businesses. First-year revenue claim for custom app builder: $2.5 million - John Cheney example from Replit/AI app consulting. Projected current-year revenue claim: $8 million - Same builder reportedly scaling rapidly year over year. Net margins for custom app builder: 50%–60% - Reported margins for the Replit-based app consulting business. Barbershop AI agent pricing: $2,500 upfront + $2.50/month - Example of a repeatable voice agent offer for local service businesses. Wall printer cost to print a wall: $8 in ink for a 5x8 ft wall - Chris claims the consumable cost is very low relative to sale price. Wall printer sale price: about $800 - Approximate charge for printing a 5x8 foot wall mural. Wall printer gross margin: 99% - Derived from very low ink cost versus sale price. Amazon warehouse count in Dallas-Fort Worth: 32 warehouses - Used to illustrate scale opportunity for warehouse food delivery. RV rental financing: 20–30 years - Financing terms described for RVs treated like homes. RV monthly payment example: $250–$600/month - Estimated monthly cost for a $40,000 Class C RV. RV nightly rental rate: $150–$400/night - Typical rental pricing on RV Share/Outdoorsy. RV utilization: 40%–80% booked - Chris says many RVs on rental platforms are heavily booked. Tree trimming business revenue: mid six figures annually - Chris states his tree trimming business in Dallas-Fort Worth reaches this revenue level. Tree trimming net profit: about half of revenue - Reported profitability of the tree trimming business.

Pivotal Quotes: "If you're the type of person who's got the entrepreneurial itch... this is the episode for that person." — Host: Opening pitch explaining the audience and focus of the episode. "Every small business is right now AI curious, AI hungry, and AI clueless at the same time." — Chris Corner: Chris explains why AI consulting has broad market demand. "The two tasks that any business owner needs to do. They need to find customers. They need to fulfill customers. That's it." — Chris Corner: Core framework for evaluating and starting businesses.

Implications: Listeners should expect more “white belt” businesses that are easy to start, test, and automate, especially using AI and social media. The bigger opportunity is not perfect ideas, but fast validation, repeatable sales, and simple fulfillment.

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About My First Million

Sam Parr and Shaan Puri brainstorm new business ideas based on trends & opportunities they see in the market. Sometimes they bring on famous guests to brainstorm with them.

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