How to Start a $400k/Month Exotic Car Dealership!
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- Äas pĆidĂĄn 15. 11. 2022
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#Finance #Millionaire #entrepreneurship
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Taking the first step is the hardest, but 7 house later living off passive income since June 6, 2016. Youâve got to start taking steps to achieve your goal.
All passive income ideas work as long as you put the work in. I focus more on stocks, cryptos, Gold coins, real estate, bitcoin, and forex . With the assistance of a financial consultant, Iâm doing well for myself.
Thanks for your response but how do I get access to your financial consultant? Can you share more info about him if you donât mind.
You can make a quick internet research with his name *JACKSON STEN MARSH*. The rest of the information is there for you to read and get in touch.
The Adviser I'm in touch with is 'Jackson Sten Marsh, he works with Merrill, Pierce, Smith incorporated and interviewed on CNBC Television. You can use something else. for me his strategy works hence my result. He provides entry and exit point for the securities I focus on.
Thanks, I just googled him and I'm really impressed with his credentials; I reached out to him since I need all the assistance I can get.
One thing I have noticed about these rich people through binge watching these videos is they ooze confidence while they talk it makes you want to know more, they keep direct eye contact and talk smoothly. I want to be like themđ
Experience & knowledge
He was a race car driver, had the money and backing to start this business, but good video.
10:34 INCREDIBLE ANSWER When he said everybody has a different path. I immediately reflected on the very unique journey Iâm on. When he said that it lets me know that I can keep going!!
Really cool interview you're doin a good job getting in with these people lately! Yeaaa buddy!
Great video. you've reminded me of what someone once said †Your assets are your employees. Invest more on those performing well. Let the non-performers go
People prefer to spend money on liabilities,Rather than investing in assets and be very profitable.
You're so correct! Save, invest and spend for necessities and a few luxuries relatives to on's total assets ratio.
This must be an investment with Mrs Maureen K carr
I invested in both stock and Cry ptĆ but I'm doing much better on Cry ptĆ with the favourable market price
Such a wonderful personality, youâre totally a genius with your work and you have the best options.thank you for your help Ms Maureen
Health is wealth đ€đŸ video got me through cardio, stay at it đđŸ
Youâve interviewed 3 people so far from my state of Massachusetts đđœ
Great Video! Seems like a standup owner/boss. The car industry is notorious for having shady owners who treat their employees like shit. Ultimately, it's the honest owners that actually care who will thrive.
Yeah Eric is a great guy!
Yeah..shady owners..drug dealers...
Good point, thinking this would be a great place to work, boy was I wrong. I worked at WCE for 2 -- 3 years about 60 cars, Lamo Avertador, Hurricanes, Audi R8's, MBZ'S cycles, what ever, repairing scatched, small missing areas to reconstructing a large area of carbon fiber on defusers, front lips, all exterior parts + interior dash pieces + many odd handyman jobs, and on the building and equipment. Hunter said all the work always had to be perfection and done as fast as possible for new inventory. Also all 3 detailers walk out because Eric's bad attitude and no pay raise after working them extremely hard for years, a least he bought pizza once in a while and a small refrigerator. I'll never go back ever.
Very informative I want to buy and sell cars but buy from auction or even dealers for cheap and fix resell that can be little lucrativeđđœ
Itâs really inspiring to see someone with a rich dad who owns a dealership finally make it in this business
Well, you most certainly don't KEEP wealth by spending it and NOT investing it. If you want to keep your inherited wealth, you have to keep it working for you, this dealership would be the way he keeps it working for him. Donald Trump inherited around $40~ million from his father. He was worth over $4 billion when he first ran for President in 2016. That is down to $2.5 billion now, due to lawsuits and etc. If you ever inherit money, make good investments with it or it will not last long.
Awesome video on the interview. Interview TJ Hunt and Throtl. For sure!!
Notebook and pen ready bro đ„
Learn alot to thisđđ„ saluted
01:30 đ Starting an exotic car dealership requires significant capital, with monthly operating costs around $200,000 to $400,000.
08:09 đŒ Building a successful business involves hard work, motivation, honesty, and understanding your audience.
13:41 đ° The goal is to sell around 50 cars a month, and profit margins vary due to selling cars of different makes and models.
15:29 đĄ The speaker focuses on financing the business with internal funds rather than using external flooring lines.
16:54 đ„ Building a strong team takes time, caution, and smart hiring decisions to ensure a good fit for the business.
17:37 đ Eric wakes up early, around 5 to 6 AM, and starts his day with a personal training session before work.
18:06 đ Eric emphasizes the importance of creating a daily schedule, making lists of tasks, and setting reminders to stay organized and productive.
18:35 đ Eric is working on a significant project to build a two-mile race track in Lake Elsinore, which is a $50 million investment.
19:18 đȘ Eric's ability to focus on multiple projects simultaneously is attributed to his love for what he does and his passion for the car industry.
21:26 đ Eric's advice for success includes old-school values like hard work, discipline, and staying focused on what you love, rather than getting caught up in social media or self-promotion.
This summary was provided by HARPA AI
Thank you!!
Thank you!
Yo Snewj nice one. I see he has your Maserati MC20 you thinking of ask him about it awesome carđź
Ive bought 4 cars from west coast and actually my new Audi Rs6 last night Hunter is nothing but the best!
So cool that he's from the Northeast. I am actually driven limerock Park
THIS VIDEO FUELED ME
that AMG is amazing i love it
I love your videos
This is awesome. I love cars.
What an amazing video
amazing videos bro
Eric Curran is the most interesting guy so far as interviews goes. He is relatable to me. Inspiring too. Need more interviews of Eric.
What you see on the front maybe deceiving but the truth comes out
when under pressure or not getting there way. Need to look closer.
đ€Ż No way! @SnewJKnows You were in the neighborhood, I drive by West Coast at least once a week. Cool video, always wanted to stop and look. Keep up the great work đ.
The Owner Super CoolđđŒ.. I would definitely consider coming down and do biz with EricđŻ.. Awesome Content brođđŒ.. I see this delaership from TJs and Emilia YTs
Yessir!!!
SnewJ đ man those shoes are badass, where'd you get those? And what are they? đ„đ„đ„
Since COVID 19 started my own online company selling Used cars/ Motorsport Living My Bucket List.. Thank you for the educative [entrepreneurship] content
Damn bro you were in my city!
Stay blessed đđŸ
Itâs very funny the video.. i didnt know about this..!
I bought my C8 from them. Definitely a great company. Iâm buying my Lambo from them soon.
what do you do for work?
Wouldâve been dope to see you in person. Iâm literally 3 exit away from WestCoast âClinton Keith Rdâ off the 215
Same here, that's what I was thinking đpass by WestCoast a few times.
Always love the content!
For real bro!
thanks!!
Can you please make more VIDOES like this with exotic car guys and monger versions also. CAN YOU PLEASE ASK THEM HOW MUCH NETWORTH AND SHOULD YOU BE MAKING YO EASILY AFFORD THESE SUPER CARS
I love your videos †So interesting and inspiring! Iâm a female, new mom, in my twenties⊠Could you find a woman to interview???
Yo this was sick
I agree man!
snewj looking jacked
I Wanna do this + rent out my cars on the lot đ
West coast exotic cars the best
lovely car
The dude had money to begin with, so someone who doesn't have the funds, is going to deal with ALOT more......
Be good at many things in life not just one.
Murr town!!
Nice inventory the dealership has, but did I just hear $50 Million in sales?! Thatâs quite a lot of dough the owner is brining home if he has an overhead of $2.4 Million a year.
Awesme
â€â€â€
I LOVE THAT ORANGE CORVETTE đđđđđ„”đ„”đ„”
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I make 50K a month but currently still only own a 2006 BMW. Maybe some day I will get a higher value car.
Whatâs your job?
@@gcitydev I don't have a job, I am my own boss. I'm an entrepreneur who created multiple income revenue streams and make most of my money from Day Trading these days. I used to be just a grocery store deli clerk not so long ago. If I can make it anybody can.
@@martinramirezmi5457Ohk I see man.
You can clearly afford more than that so why do you only own a 2006 bmw
@@TkrzTT I got wealthy by not giving into what I call "Life Style inflation" Plus I like the BMW and it runs great. I'm planning on getting and additional car soon, so we'll see.
I wish he would sell high volume cars like Toyotas, for the kids of the ppl that can afford the exotics
Tallked too much and not enough time looking at cars! Smh
13:27 200k q month to run that business
So you have to make above 200k to keep the busses running
Salary for employees, bills
Ford dealer ships make a million a monthâŠ
Making millions sellin up marked supercars lol đ đ
Genius right!?
Feel motivated â€ïžđ
LFG!
This is pretty easy actually. All you need is an initial floor plan loan to buy some cars, build a reputation and convince people to consign their cars with you. Then you use those consignment cars as collateral to buy more cars. Finally you hope you can sell all the cars before the huge interest payments pile up and the pyramid scheme crashes and burns. Simple, anyone can do it
This guy doesnât know shit about most of the cars he has.
@snewjknows
Can you hit up the San Francisco finance seen and interview some fund managers.
Iâd love to see how they started