The Side Hustle King: “I’m making $8K/DAY from easy businesses”
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My First Million
This episode is titled:
The Side Hustle King: “I’m making $8K/DAY from easy businesses”
Notable Quotes
"Focus is overrated because compounding doesn't care. As long as we stay in the game, compounding is just going to keep going with us."
"If you see other competitors in your industry and think they’re stupid, they’re probably doing something right that you just haven’t learned yet."
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Get More InsightsEpisode Summary
In this podcast episode, Chris discusses his approach to entrepreneurship, which goes against the conventional wisdom of focusing on one business idea. He embodies a strategy often referred to as 'shiny object syndrome,' whereby he explores numerous side hustles—about 30 in total—that have generated significant income. With six distinct revenue streams producing over $100,000 each, Chris illustrates that anyone with a bit of hustle can tap into unconventional business models.
He introduces various side hustles, including an intriguing example of a hole-in-one golf challenge business that originally operates in New Zealand. The concept involves players paying to try their luck at a floating green that offers a substantial prize for a hole-in-one, which Chris suggests can be adapted to various local markets. He emphasizes the importance of recognizing untapped opportunities and leveraging simple math to determine profitability.
Chris shares his experiences with Facebook Marketplace as a platform full of potential, explaining how simple listings can lead to high revenue, as he witnessed in his own ventures. Additionally, he recounts launching a business based on a viral stunt related to Buc-ee's—a Texas-based convenience store—by establishing a website for reselling their merchandise legally and effectively.
Throughout the conversation, Chris highlights the notion that innovation is not always about creating something entirely new; instead, one can gain success through copying existing successful models and improving upon them over time. He encourages aspiring entrepreneurs to embrace simplicity and focus on proven concepts while admitting that navigating this path comes with challenges. Ultimately, Chris exemplifies the idea that anyone can start a successful side hustle with the right mindset and action.
He introduces various side hustles, including an intriguing example of a hole-in-one golf challenge business that originally operates in New Zealand. The concept involves players paying to try their luck at a floating green that offers a substantial prize for a hole-in-one, which Chris suggests can be adapted to various local markets. He emphasizes the importance of recognizing untapped opportunities and leveraging simple math to determine profitability.
Chris shares his experiences with Facebook Marketplace as a platform full of potential, explaining how simple listings can lead to high revenue, as he witnessed in his own ventures. Additionally, he recounts launching a business based on a viral stunt related to Buc-ee's—a Texas-based convenience store—by establishing a website for reselling their merchandise legally and effectively.
Throughout the conversation, Chris highlights the notion that innovation is not always about creating something entirely new; instead, one can gain success through copying existing successful models and improving upon them over time. He encourages aspiring entrepreneurs to embrace simplicity and focus on proven concepts while admitting that navigating this path comes with challenges. Ultimately, Chris exemplifies the idea that anyone can start a successful side hustle with the right mindset and action.
Key Takeaways
- Chase multiple side hustles rather than focusing solely on one.
- Embrace unconventional ideas that can lead to significant income.
- Utilize platforms like Facebook Marketplace effectively for business growth.
- Innovate on existing business models rather than starting entirely from scratch.
- Recognize that entrepreneurship involves both opportunities and challenges.
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