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Chris Koerner

๐Ÿ‘ค Speaker
2524 total appearances

Appearances Over Time

Podcast Appearances

The Diary Of A CEO with Steven Bartlett
Passive Income Expert: How To Make 10k Per Month In 90 Days!

Could you do that with $500?

The Diary Of A CEO with Steven Bartlett
Passive Income Expert: How To Make 10k Per Month In 90 Days!

Absolutely.

The Diary Of A CEO with Steven Bartlett
Passive Income Expert: How To Make 10k Per Month In 90 Days!

So if we were doing another physical business, I would go to Facebook Marketplace and I would find an existing vending machine

The Diary Of A CEO with Steven Bartlett
Passive Income Expert: How To Make 10k Per Month In 90 Days!

for $300 to $400, right?

The Diary Of A CEO with Steven Bartlett
Passive Income Expert: How To Make 10k Per Month In 90 Days!

That could be a snack or a drink vending machine.

The Diary Of A CEO with Steven Bartlett
Passive Income Expert: How To Make 10k Per Month In 90 Days!

Oftentimes, the expensive part of a vending machine is the credit card reader.

The Diary Of A CEO with Steven Bartlett
Passive Income Expert: How To Make 10k Per Month In 90 Days!

It can often cost more or as much as the whole machine itself.

The Diary Of A CEO with Steven Bartlett
Passive Income Expert: How To Make 10k Per Month In 90 Days!

And then I would use $100 to stock the machine with Costco.

The Diary Of A CEO with Steven Bartlett
Passive Income Expert: How To Make 10k Per Month In 90 Days!

Costco or Sam's Club is where all of these operators buy their snacks, believe it or not.

The Diary Of A CEO with Steven Bartlett
Passive Income Expert: How To Make 10k Per Month In 90 Days!

And then I just need one business owner to give me a chance to allow me to put the vending machine in his lobby.

The Diary Of A CEO with Steven Bartlett
Passive Income Expert: How To Make 10k Per Month In 90 Days!

Let's say it's a car repair business.

The Diary Of A CEO with Steven Bartlett
Passive Income Expert: How To Make 10k Per Month In 90 Days!

I can say, hey, I'll pay you $100 a month or, hey, I'll split the revenue with you.

The Diary Of A CEO with Steven Bartlett
Passive Income Expert: How To Make 10k Per Month In 90 Days!

I'll give you 30% of the revenue.

The Diary Of A CEO with Steven Bartlett
Passive Income Expert: How To Make 10k Per Month In 90 Days!

And then once I have one, that's the hardest part.

The Diary Of A CEO with Steven Bartlett
Passive Income Expert: How To Make 10k Per Month In 90 Days!

Now you have a track record.

The Diary Of A CEO with Steven Bartlett
Passive Income Expert: How To Make 10k Per Month In 90 Days!

Now you can say, hey, Bob's Auto Repair makes $700 a month passively because he let me put this vending machine there.

The Diary Of A CEO with Steven Bartlett
Passive Income Expert: How To Make 10k Per Month In 90 Days!

This is a business that can be passive if you have an employee to restock it.

The Diary Of A CEO with Steven Bartlett
Passive Income Expert: How To Make 10k Per Month In 90 Days!

That is the active part of the business is the restocking and the selling of new locations.

The Diary Of A CEO with Steven Bartlett
Passive Income Expert: How To Make 10k Per Month In 90 Days!

But if you have an ATM, then that becomes even easier because you can outsource all of the restocking to a cash management company.

The Diary Of A CEO with Steven Bartlett
Passive Income Expert: How To Make 10k Per Month In 90 Days!

How much money could one person hope to make from a vending machine business?