Chris KoernerSerial Entrepreneur and Content Creator

How to create a money machine

11 Sept 2024 · 1 min

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0:49

Chris Koerner breaks down repeatable business models that generate profit. An e-commerce store with 70% margins and a Facebook ad returning $5 per $1 spent. A pest control operation where $100 in sales commissions produces $1,000 in revenue. The key: test every channel to find what works in your industry.

Questions this video answers

70% gross margins.

Put in $1 and it returns $5 of revenue.

Pay a sales guy $100 and he finds at least $1,000.

3,000 cold calls to find a house that nets “30” in profit.

Chapters

Money trees don't exist, but money machines do. Here are three examples on how you can create a money machine for yourself. Number one, you have an e commerce store. Your product has 70% gross margins. You find the winning Facebook ad where you put in a dollar and it returns 5 of revenue. Put in as many dollars as you can. Number two, you own a door to door pest control company. You know that if you pay a sales guy a hundred dollars, he's gonna knock 100 doors and find you at least $1,000. Deal. Find as many sales guys as you can. Number three, you own a house flipping company. If you make 3,000 cold calls, you'll find a house to flip that nets you 30 in profit. Call as many homes as possible. How do you find a money machine for your industry? Because they exist in every industry. You need to test everything. You need to test every marketing channel, every distribution channel, every sales trick and hack you can think of. Chase the shiny objects. Test everything except drugs. And follow me for more ideas like this.