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Chris Huffman loses millions and bounces back with 12 businesses

Author
Kendall Bachman, Dustin Alexander & Chris Huffman
Published
Mon 25 Apr 2022
Episode Link
None

IN THIS EPISODE: 

Chris Huffman was the founder and CEO of Black Gold Group, a $50m services business for big-oil clients in rural Alaska. In 2016 he lost everything when oil crashed, and had to figure out how to rebuild with a wife and three kids. 

Business concepts in this episode: 

  • Buy a backpack sprayer and use paid ads to get some mosquito-spray service contracts.
  • Flip books from thrift stores and craigslist using Amazon's FBA scanning app. 
  • Buy trucks in Oregon and sell them in California. 
  • Buy some land (owner finance) and plant Peonies. Sell them to wedding planners. 
  • Chris started an email marketing business with Kendall in 2018 (grew to 15 retainer clients and went out of business. Pricing to customers was too low). 
  • Airbnb's are great businesses in niche markets for a busy hustler. Consider renting, partnering, or owner financing if you don't have enough cash to go for it. Here's Chris's first airbnb, and here's his latest
  • Rent a bulldozer and go work as a firefighting contractor for thousands per day.
  • Dustin provided broadcasting services (live) for fire updates by the government. It also makes huge day rates. (Find a niche, and charge for it!)
  • Breeding French Bull Dogs and selling them as puppies for thousands each. 
  • Flipping NFTs.
  • And more...

Video Episodes posted to Youtube, or with commentary on IdeaDropPodcast.com

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