Everything Chris Koerner said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Kerner: Facebook Marketplace APIs Allow Third-Party Apps to Be Built
“I've already looked into it. Don't tell me the API permissions don't allow for it because they do.”
RV Parks Hedge Macroeconomic Cycles Better Than Traditional Residential Real Estate
“With a mobile home or an RV park, you don't maintain the units. You just maintain the infrastructure under the ground. It's a hedge against the economy. When the economy's good, the millennials and the boomers are traveling, you got short-term stays. When the …”
Small RV and mobile home parks generate 30% to 60% cash-on-cash returns
“It's like 30 to 60% cash on cash returns.”
Koerner: Compounding works whether pursuing a single project or multiple ventures
“Focus is overrated because compounding doesn't care. Like the principle of compounding does not care if we're working on one thing or a dozen things. As long as we stay in the game, whatever that game is for us and keep going, compounding is just going to keep…”
Chris Kerner: Every Business Is Scalable; Question Is Degree of Difficulty
“I, in my opinion, everything is scalable, right? So the question, I just hate it when people say like, is that even scalable? Like, yes, it's scalable. The right question is how hard would it be to scale to that, to whatever number?”
Kerner: 51% of Social Media Purchases Happen on Facebook Marketplace
“51% of all recent social media purchases, so like not Amazon, social media purposes, all happened on Facebook Marketplace, ok?”
Kerner: Content only goes viral when half of viewers think it's dumb
“Nothing goes viral without half of people thinking you're dumb.”
Kerner: People only steal ideas if they share your exact background
“And so when we share our ideas, the only chance of someone stealing it is if that other person has had like the exact same life as us. They had the same work history, the same personality. They're also an introvert. Their mom also divorced their dad at age 14.…”
Kerner: Startup ideas are more important today than ever
“Ideas are everything. They're more important than ever today.”
Going Viral Requires Half the Audience Thinking You Are an Idiot
“I like to say like, you can't go viral without half of everyone thinking you're an idiot. Right. It just comes with the territory or else it wouldn't go viral.”
Dallas front porch pumpkin decorator generates over $1M annually
“We've since become friends and she's making over a million dollars a year.”
Custom home building is not worth doing at $1M price points
“Like high ticket, but even at like a million dollar home, it's not worth it.”
Koerner's Buc-ee's resale venture did $200K month one, now makes millions
“We had a dozen news outlets write about us, and we went viral and did 200,000 dollars of sales in our first month, and we do millions of dollars a year now, five years later.”
Koerner's free crypto project with John McAfee reached $30M market cap
“We started a cryptocurrency that we gave out for free and it reached a thirty million dollar market cap, and we built a community with 70,000 people in it.”
Koerner screens all hires with 30-day trials and explicitly predicts failure
“The only way I found is just 30 day trials for everyone. And just saying on day one, statistically speaking, this isn't going to work out. Nothing against you. You seem awesome or else we wouldn't even be doing this. I'm just looking at numbers, you know, 30%,…”
Koerner: Generated $9.8M organically on Facebook Marketplace in three months
“That one ad, and I had it going on multiple accounts, we would refresh it, but no paid, did 9.8 million dollars all on Facebook Marketplace in three months. Profitably.”
Koerner: Buc-ee's locations generate $60M to $80M in annual revenue each
“There's 51 locations, and they do like 60 to eighty million in revenue per year each.”
Koerner: Buc-ee's online resale business generates $300K to $500K per month
“We're doing between three and 500,000 a month profitably with very, very little paid outspend.”
Koerner: Single-minded focus yields more wealth but increases personal misery
“Like, if I, gun to my head, I think you will be more wealthy if you do one thing, but you're more likely to be miserable and not have an enjoyable life.”
Koerner: Modifying a proven business model early increases the risk of failure
“Every change you make is another variable to like, to screwing it up. ... But if you do that before you know if that copying works or not, you're just going to increase the likelihood of screwing it up and thus not being successful.”
Koerner: Automated AI agent arbitrage can build a 6- or 7-figure business
“I think you could build a six or a seven figure business around what I'm doing here. Not necessarily for pizza ovens, but for anything undervalued.”
Koerner: OpenAI Operator's $200/month price is unjustified for 99% of users
“I think it's overpriced if you don't know what you're doing. Like if you don't, like, really like any software, right? You've got to invest time into it. And I think that's the hard part with 99% of people is they don't yet have ideas, which is why they're wat…”
Kerner: Direct phone calls are the best fix for abandoned checkouts
“The best converting fix for abandoned checkout or abandoned cart, they're two different things, is to get a person on the phone.”
Kerner: A founder's sole business idea is almost never their best bet
“The statistical probability that the only idea you have being like the best use of your time and money is almost zero. So keep that in mind, irrespective of my opinion of the idea. It's probably not the right idea for you because you don't have anything to com…”