Chris KoernerSerial Entrepreneur and Content Creator

$240k/year side hustle #entrepreneurship #broker #smallbusiness #sidehustleideas

3 May 2024 · 1 min

Watch on YouTube

0:55

Short YouTube pitch by Chris Koerner presenting a side-hustle: source business owners ready to sell and refer them to business brokers for a split of the broker commission. He gives numeric assumptions (2,000 owners retiring daily; broker charges 8%; broker pays 25% of commission as referral fee), shows arithmetic for a $1,000,000 sale producing a $20,000 referral, and claims one such referral per month yields $240,000/yr. The clip ends with a personal credibility statement and call to follow for more ideas.

Questions this video answers

Chris Koerner

May 3, 2024

2,000 per day

8% of the sale price

25% of the broker's commission

Chapters

Here's exactly how to make 240 grand a year with no money and no experience. Now you tell me where my logic is flawed. Every day in America, 2,000 business owners are retiring and they need someone to sell their business. But guess what? You don't want to be a business broker because that is a sucky job. You want to be a business broker's broker. Here's what I mean by that. When a business owner goes to sell, let's say it's a million dollar business, a broker will charge him 8% to sell that business, but he will pay as a referral fee 25% of his commissions, which is 2 of the total purchase price. So if you find business owners in Facebook groups, cold calling, cold emailing, cold texting that are ready to sell their business, then place them with a broker, get them to sign a referral agreement and you will make 20 grand just for making the connection. Make one deal a month and you will make $240,000 a year. How do I know this is viable? Because I've done it myself. Follow me for more ideas like this.