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Passive Income Expert: How To Make $10k Per Month In 90 Days!

Passive Income Expert: How To Make $10k Per Month In 90 Days!

36 segments available

Serial entrepreneur CHRIS KOERNER reveals how he built 80+ businesses from scratch, turned side hustles into millions, and why ONLY $500 is all you need. Chris Koerner is a self-made entrepreneur and content creator, known as the “King Of Side Hustles”. With over 1 million followers, he now teaches people how to build and scale a business and he is host of the ‘The Koerner Office Podcast’. He explains: ◼️The brutal truth about passive income (and what to build instead) ◼️How to turn $1,000 into $10,000 fast, with a step-by-step formula ◼️The #1 habit silently keeping you poor without you realising it ◼️How to use AI tools to launch and scale instantly ◼️The simple framework for testing any business idea with $0 00:00 Who Are You and What Do You Do? 02:36 What Businesses Have You Started? 05:33 Is This the Best Time to Start a Business? 08:52 Copying Businesses 12:53 Experimentation and Testing 20:11 Your Experience With Buc-ee's 23:00 Is Entrepreneurship for Everyone? 30:24 Should We Have Plan Bs? 36:14 Passive Income 39:10 How Important Is Passion? 41:55 How to Know If You Should Pursue an Idea 47:10 How to Validate Your Ideas 48:49 How to Test a Product 52:02 How Important Is It to Learn Facebook Ads? 57:11 Ads 58:51 The Different Types of Entrepreneurs 59:54 How Important Is Focus? 01:02:04 Did You Feel Guilty for Trying to Build Businesses? 01:07:04 Rejection and Failure 01:09:59 Team Building and Business Partners 01:12:30 Equity Split in a Business 01:15:13 What Would You Do With $500 for a Business? 01:20:57 Drop Servicing 01:27:53 Making Money From Vending Machines 01:36:16 Ads 01:38:19 What Business Would You Do With $1,000? 01:41:09 Online Business With $1,000 01:43:38 What Would You Do With $5,000? 01:49:11 Don’t Ignore This When Starting A Business 01:50:09 Which Has Been Your Most Profitable Business? 01:52:13 Keep Trying and Experimenting 01:55:36 Any New Business Ideas You’re Trying? 01:56:34 Business That You Should Stay Away From 02:00:33 Should You Really Become an Entrepreneur? 02:03:43 What’s One Thing Steven Did That You Appreciated? 02:08:17 What’s the Most Popular Question You Get? Follow Chris: Instagram - https://bit.ly/4oFom0i YouTube - https://bit.ly/3XBUI16 X - https://bit.ly/3Mc0UdJ The Diary Of A CEO: ◼️Get the 2026 Goal Setting Guide - https://bit.ly/ytgoalsettingguide ◼️Join DOAC circle here - https://doaccircle.com/ ◼️Buy The Diary Of A CEO book here - https://smarturl.it/DOACbook ◼️The 1% Diary is back - limited time only: https://bit.ly/3YFbJbt ◼️The Diary Of A CEO Conversation Cards (Second Edition): https://g2ul0.app.link/f31dsUttKKb ◼️Get email updates - https://bit.ly/diary-of-a-ceo-yt ◼️Follow Steven - https://g2ul0.app.link/gnGqL4IsKKb Sponsors: Wispr: https://wisprflow.ai/DOAC LinkedIn: https://www.linkedin.com/DIARY Adobe: https://Adobe.Ly/OneBetter Ketone-IQ: https://ketone.com/STEVEN for 30% off your subscription order

Segments Timeline

1
0:00 - 2:37
2:37 duration607 words

Who Are You and What Do You Do?

"A lot of people are looking for passive income from side hustles. Yeah, it's the financial ompic and it's more accessible than ever. Like 90% of the ideas I talk about can be launched with $500 or les..."

2
2:37 - 5:33
2:55 duration589 words

What Businesses Have You Started?

"you're [clears throat] on? >> I am a father. I am a husband and I'm a serial entrepreneur and I love talking about business and starting businesses and inspiring other people to do the same. >> Why bu..."

3
5:33 - 8:53
3:19 duration672 words

Is This the Best Time to Start a Business?

">> Yeah. So, I was 9 years old living in Utah and I lived across the street from a golf course and these golf balls would fly in my yard and I don't know what gave me the idea, but I started selling t..."

4
8:53 - 12:53
4:00 duration820 words

Copying Businesses

"sit at this moment of time with technology, with AI, with in fast internet, with mobile phones, do you think this is the best time for people to start something to to start a side hustle or to try? Ev..."

5
12:53 - 20:12
7:19 duration1638 words

Experimentation and Testing

">> People think, you know, people don't think that that's a thing because they think if I copy a business that's already working, then I'm not going to get any customers because that this existing bus..."

6
20:12 - 23:00
2:48 duration546 words

Your Experience With Buc-ee's

"how in business basically everything, again speaking broadly here, can be put into one of two categories. either like old problems where thousands of people have come before you and the same solutions..."

7
23:00 - 30:25
7:24 duration1558 words

Is Entrepreneurship for Everyone?

">> And this is what I find is founders waste years trying to experiment where old problems are still um strong and still hold. >> Yeah. >> And this is what I the mistake several of the mistakes I made..."

8
30:25 - 36:14
5:48 duration1157 words

Should We Have Plan Bs?

"you can think think of all your friends. >> Yeah. >> You can probably put them in groups of this person should, this person shouldn't. Mhm. And what defines who goes in which group? >> To me, it's how..."

9
36:14 - 39:10
2:55 duration563 words

Passive Income

">> Do you think that really matters? The whole idea of a plan B. Do you think people should have a plan B when they embark on entrepreneurship? Can I contradict myself 100%. All right. So, the rationa..."

10
39:10 - 41:55
2:45 duration564 words

How Important Is Passion?

">> A lot of people are looking for passive income from side hustles. And I wondered what your your op opinion was on passive income because it's a word that comes up so often in the comment section of..."

11
41:55 - 47:10
5:14 duration1104 words

How to Know If You Should Pursue an Idea

">> So how important then is passion in this equation? Like how important it is for for you to love the thing to be successful at it in your view? I think you need to fall in love with business with co..."

12
47:10 - 48:49
1:38 duration389 words

How to Validate Your Ideas

">> Yeah, I have a a Sunday shelf, >> which is just a digital board on my Monday board where when I have ideas that like captivate me at 11:00 p.m. at night one night, instead of trying to act on them ..."

13
48:49 - 52:02
3:13 duration657 words

How to Test a Product

">> you used the word validating earlier on when you're talking about these ideas and I I think this is something that could really really help a lot of people who have a lot of ideas is this idea of t..."

14
52:02 - 57:11
5:08 duration1035 words

How Important Is It to Learn Facebook Ads?

"published uh several years ago called the lean startup which talks about this idea of just like testing an MVP as quick quick quickly as you possibly can. >> Can you explain that to the audience who p..."

15
57:11 - 58:51
1:39 duration332 words

Ads

"up in 10 minutes. How important is it to understand Facebook ads and how long would it take me to get a sufficient understanding of Facebook ads? you could be proficient in a couple days if if you had..."

16
58:51 - 59:54
1:02 duration189 words

The Different Types of Entrepreneurs

"try it. I've had so many founders speak to me and say, "Why didn't this particular ad that I ran on this platform work for me?" Maybe the copy wasn't good, the creative wasn't strong, but usually the ..."

17
59:54 - 1:02:04
2:10 duration414 words

How Important Is Focus?

">> I've heard you say that there's various types of entrepreneurs. There's the sort of zero to one entrepreneur who's good at starting things. There's the maintainer. And then there's the finisher. >>..."

18
1:02:04 - 1:07:06
5:02 duration1052 words

Did You Feel Guilty for Trying to Build Businesses?

"that's what you get. >> One of the things that I find really interesting about your story is you you've started what is it 75 80 businesses. >> Mhm. When I speak to people like Kevin Olirri who have w..."

19
1:07:06 - 1:10:00
2:53 duration591 words

Rejection and Failure

"because of the situation you put your family or your partner in? >> Yeah. More than once. Yeah. More than many times. Give me an example. I spent I spent 18 months working on a project um that had no ..."

20
1:10:00 - 1:12:30
2:30 duration509 words

Team Building and Business Partners

">> Have you developed a new relationship with rejection and failure because, you know, starting 80 odd businesses, you must have dealt with a lot of failure. >> Mhm. >> And and how does that feed into..."

21
1:12:30 - 1:15:15
2:44 duration562 words

Equity Split in a Business

">> What have you learned about team building and business partners through this process? What advice would you give to someone who's sat there alone listening to this right now? Do they need a busines..."

22
1:15:15 - 1:20:57
5:42 duration1177 words

What Would You Do With $500 for a Business?

"Yeah. I mean, 50/50 is the old standby, right? Um, could you imagine if you like you go on a first date and it's like, how many kids do you want? Four. Okay, we'll have four. We'll get married and tha..."

23
1:20:57 - 1:27:53
6:56 duration1459 words

Drop Servicing

"different amounts of money. >> Mhm. >> And all I want you to do is to let me know if I was giving you this amount of money, what business you would start. Okay, so the first one has $500 here. Awesome..."

24
1:27:53 - 1:36:17
8:23 duration1784 words

Making Money From Vending Machines

">> What about a physical one? >> All right. For a physical one, I would um have you heard of dropervicing? >> No. So the phrase drop shipping has kind of has a bad rap and some of it for good reason w..."

25
1:36:17 - 1:38:21
2:03 duration433 words

Ads

">> I've just finished writing my third book. I haven't firmed up the title yet, but I have started mocking up some different designs. And I've been doing this with Adobe Express, which is one of our s..."

26
1:38:21 - 1:41:10
2:49 duration480 words

What Business Would You Do With $1,000?

"another box here. This box has slightly more money in double. Okay. $1,000. What would you do with $1,000? All right. So, for whatever reason, when I see $1,000, I think um about the wedding rental bu..."

27
1:41:10 - 1:43:41
2:31 duration462 words

Online Business With $1,000

">> No. >> So, basically what you do, we keep coming back to this is like a big ad for Facebook, right? I swear it's not. >> But, um, people are using local Facebook ads. Um, let's say you live in Bois..."

28
1:43:41 - 1:49:11
5:30 duration1030 words

What Would You Do With $5,000?

"it. >> Mhm. $5,000. What side hustle do you start if you've got $5,000? Okay. So, if we've got a sliding scale of active to passive income, the closer you get to this to $5,000, the more realistic the..."

29
1:49:11 - 1:50:09
0:58 duration204 words

Don’t Ignore This When Starting A Business

">> Yeah. What What are the macro things you you think about at the moment when you're trying to decide on a new side hustle or a new business to start? Are there like obvious macro things that happeni..."

30
1:50:09 - 1:52:14
2:04 duration360 words

Which Has Been Your Most Profitable Business?

">> Of all the businesses you you've started, which one has been most profitable? >> And was the easiest? >> Oh, man. So, like what is the winner? >> I would say either um [clears throat] my RV parks b..."

31
1:52:14 - 1:55:37
3:23 duration770 words

Keep Trying and Experimenting

"any side hustles that you've heard about that you wish you'd started? >> It's funny because a lot of the ones that I wish I started, I started. Like a lot of the 80 that I've done, I just it's somethi..."

32
1:55:37 - 1:56:35
0:57 duration201 words

Any New Business Ideas You’re Trying?

"And looking forward, Chris, what is um is there anything that you're mulling over now in terms of new business ideas that you could give me? >> Man, I lately it's been about like stuff I can launch wi..."

33
1:56:35 - 2:00:35
4:00 duration866 words

Business That You Should Stay Away From

">> I have this phrase called mirage opportunity >> which um which I use when I look at an industry that never seems to work for anybody but seems so obvious. >> Mhm. >> Do you know what I'm saying? >>..."

34
2:00:35 - 2:03:44
3:08 duration668 words

Should You Really Become an Entrepreneur?

"that are considering starting their own business, their own side hustle, building passive income. Many of the people that think they want to be an entrepreneur, they just like the idea of it and they ..."

35
2:03:44 - 2:08:18
4:34 duration873 words

What’s One Thing Steven Did That You Appreciated?

">> No. Chris, we have a closing tradition where the last guest leaves a question for the next not knowing who they're leaving it for. And the question left for you, I love this question for obvious re..."

36
2:08:18 - 2:11:42
3:23 duration624 words

What’s the Most Popular Question You Get?

"most popular, most frequent request you get through that website >> on business ideas to talk about? Yeah, >> probably the AI agency, the AI implementation agency idea that I talked about. >> And what..."