Chris KoernerSerial Entrepreneur and Content Creator

My favorite business idea in the car industry

6 Sept 2024 · 1 min

Watch on YouTube

0:52

Chris Koerner describes a California-based parking-lot auto fair that allegedly makes $60,000 each weekend by charging sellers a fee to display their cars. He outlines a step-by-step replication plan: recruit sellers from Facebook Marketplace, direct buyers to a single parking-lot event to create bidding competition, promote the event in Facebook groups to increase buyer traffic, and then convert returning sellers into paying sponsors (charging about $149 each).

Questions this video answers

$60,000 ("60 grand every weekend")

$149 ("they charge 149 bucks")

Facebook Marketplace and Facebook groups

Have many sellers show up at the same time in one parking lot so buyers compare multiple cars ("bidding war"/concentrated buyers)

Chapters

This random business In California makes 60 grand every weekend just for providing a free parking lot for people to buy and sell cars to each other. Here's exactly what they're doing and exactly how you can copy them. So they charge 149 bucks to 5 to 700 people every weekend to come park the car in a parking lot. And then buyers come look at it, and they buy them directly from the seller. Here's what I would do if I were you. I go to Facebook Marketplace. I get a list of all the best selling cars and trucks in the area, and I'd message them and say, hey, hey, don't meet your buyers in a shady alley. Send them all to my auto fair. Bring your car. It's 100% free. Have them all arrive at the same time. So there's a bidding war. And then you go to Facebook groups and say, hey, we have all these cars for sale on Saturday and Sunday at this parking lot. You want 10 times as many buyers as you have sellers. So there's much more demand. There's supply. Don't charge anyone. And then once it works, come back the following week as sponsors. Charge 149 bucks each. You can copy this anywhere.