Happy Sunday!
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Not sure if you saw my 1,700 word deep dive tweet about RV/MH park investing, but I’m hosting a free webinar on Tuesday to dive even deeper and have a Q&A. Register for free here. I’ll also talk about how to ethically wholesale them if you don’t have the cash to buy them.
Also, I hosted Noah Kagan on my podcast this week! I’m a total fanboy, so this was a dream come true. The episode drops at 4am tomorrow below:
Be sure to check out the episodes I released this week as well. One with Nik talking about business ideas, how much the MFM hosts and Mr. Beast makes, and all the companies in our portfolio. And then the Craigslist Royalties and $60k pressure washing jobs ep #11 became my most downloaded episode ever! All available at the links above.
Let’s get after it!
Despite last week’s email being my shortest ever at ~800 words, it was my highest rated ever! Thx for the love! Now I gotta find time to make a part 2…because 83% of y’all asked for it!
So in the spirit of continuing that tradition, this one will be on the short yet very sweet side as well. But I’m really tempted to write my first book about this same topic. It’d be an eBook, because I’m too impatient to wait for it to be printed and I wanna knock it out in a day or two.
So after you read this, please vote on the poll on whether or not you’d buy this in a $20 eBook version. It would have about 10,000 words, AKA 10x more thorough than this email.
Do I really want to spend a ton of time writing a book so I can sell a $20 product? No. But I DO really wanna see if I can write a book that people are willing to pay for. Especially if they could get a 1,000x ROI out of it!
Ok, I really mean it this time. Here we go:
This summer, thousands of bros will make money selling these things door to door:
Kinda like my good friend Matthew!
Back in college I made cash BUYING things door to door, and this model works even better today. I promise you've never heard of this.
As you may remember, my first "real" biz was a chain of iPhone repair shops back in 2010. I opened a handful of them across Alabama & then sold to a big competitor. Our #2 revenue source was buying back & reselling phones on eBay. Very profitable & easy.
We didn't want to reinvent the wheel on valuation, so we'd use Gazelle.com to price out the devices, cut the customer a check, and list it on eBay for twice as much. You can also filter by sold devices on eBay to get a feel for price.
Our only issue was supply. We couldn't buy enough of these phones, so we got creative. When biz was slow I sent employees door to door to buy used electronics, phones, tablets, laptops and gaming systems. Anything electronic that fit in a backpack. I went myself at first to learn & train.
We'd bring an iPad and price the device on Gazelle on their doorstep & then Paypal them cash. Many people had 3-6+ devices lying around!
It was common to make $200-500 profit from one house! Everything funneled to eBay. Of course the more affluent neighborhoods did better.
We'd name drop neighbors that sold to us to make future buys easier. If the Johnsons trusted this weird boy to buy their devices, why shouldn't I? We'd wear khaki shorts & polo shirts with embroidered logos. People were relieved we were there to GIVE them cash & not take it! That’s why this isn’t that intimidating or difficult! You are removing the friction of selling these devices for them.
One great strategy is to write a date on a card to leave with them. Come back on that date when they have all of their devices gathered up. It can often be a little awkward waiting for them to go find them all.
I eventually bought the domain name DoorToMore . com to scale this with buying anything around the house. I never launched it & someone randomly paid me $750 for it years later.
Americans have too much stuff. There's a huge opportunity to do this in any market with any items.
I have 10-15 devices at home I'd sell someone if they showed up & made it easy for me.
With the summer approaching, I would love nothing more than to see thousands of people going door to door to buy stuff.
Conclusion
Well, what do we think about this eBook idea? I could go sooooo much deeper on stuff like:
I wrote a huge training manual on this process for my employees that I’d turn into the book. What do you think?
I think people could/should buy it for HS or college students as well. It could be free but guess what? When it’s free people don’t value it as much. Please vote below.
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As always, thanks for reading! Please share with a friend.
Chris Koerner
chrisjkoerner.com