How to Start a $400k/Month Exotic Car Dealership!
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DISCLAMERS & DISCLOSURES
This content is for education and entertainment purposes only. SnewJ does not provide financial, tax, or investment advice, so please always do your own research. The information is presented without considering the investment objectives, risk tolerance, or financial circumstances of any specific investor and may not be suitable for all investors.
Past Performance does not predict future results. All investing involves risk, including possible principal loss. Links above include affiliate commission or referrals. SnewJ is part of an affiliate network and receives compensation from partnering websites.
#Finance #Millionaire #entrepreneurship
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@jewelreig3663 Жыл бұрын
Taking the first step is the hardest, but 7 house later living off passive income since June 6, 2016. You’ve got to start taking steps to achieve your goal.
@akinmadeomoshine Жыл бұрын
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, I’m doing well for myself.
@kennethdorothy5401 Жыл бұрын
Thanks for your response but how do I get access to your financial consultant? Can you share more info about him if you don’t mind.
@jacksonjohnwilliams Жыл бұрын
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.
@jewelreig3663 Жыл бұрын
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.
@justinscott6855 Жыл бұрын
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.
@theeikiring379 Жыл бұрын
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 them😍
@gavinoramirez4460 4 ай бұрын
Experience & knowledge
@vinrod34 Жыл бұрын
He was a race car driver, had the money and backing to start this business, but good video.
@robertmorgan2219 Жыл бұрын
10:34 INCREDIBLE ANSWER When he said everybody has a different path. I immediately reflected on the very unique journey I’m on. When he said that it lets me know that I can keep going!!
@matildarfierro5444 Жыл бұрын
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
@patienceeric3236 Жыл бұрын
People prefer to spend money on liabilities,Rather than investing in assets and be very profitable.
@emmamartinezs5046 Жыл бұрын
You're so correct! Save, invest and spend for necessities and a few luxuries relatives to on's total assets ratio.
@user-u818 Жыл бұрын
This must be an investment with Mrs Maureen K carr
@simonkatz6789 Жыл бұрын
I invested in both stock and Cry ptő but I'm doing much better on Cry ptő with the favourable market price
@andreamfernando9485 Жыл бұрын
Such a wonderful personality, you’re totally a genius with your work and you have the best options.thank you for your help Ms Maureen
@tethron. Жыл бұрын
Really cool interview you're doin a good job getting in with these people lately! Yeaaa buddy!
@EzlxlzE Жыл бұрын
It’s really inspiring to see someone with a rich dad who owns a dealership finally make it in this business
@whatta7793 4 ай бұрын
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.
@almirtorres7403 7 ай бұрын
01:30 🚗 Starting an exotic car dealership requires significant capital, with monthly operating costs around $200,000 to $400,000. 08:09 💼 Building a successful business involves hard work, motivation, honesty, and understanding your audience. 13:41 💰 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 🏡 The speaker focuses on financing the business with internal funds rather than using external flooring lines. 16:54 👥 Building a strong team takes time, caution, and smart hiring decisions to ensure a good fit for the business. 17:37 🌅 Eric wakes up early, around 5 to 6 AM, and starts his day with a personal training session before work. 18:06 📅 Eric emphasizes the importance of creating a daily schedule, making lists of tasks, and setting reminders to stay organized and productive. 18:35 🏁 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 💪 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 🙌 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
@rasheedwellesley5639 6 ай бұрын
Thank you!!
@The_Real_Les 3 ай бұрын
Thank you!
@LowkeyFit 11 ай бұрын
Health is wealth 🤌🏾 video got me through cardio, stay at it 🙌🏾
@JRAMOSK20 7 ай бұрын
You’ve interviewed 3 people so far from my state of Massachusetts 👏🏽
@vincentng4551 Жыл бұрын
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.
@SnewJKnows Жыл бұрын
Yeah Eric is a great guy!
@marydascalos9673 Жыл бұрын
Yeah..shady owners..drug dealers...
@paulaaron9419 Жыл бұрын
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.
@ozemsadventureofrandomstuf252 Жыл бұрын
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 lucrative👌🏽
@Inspower Жыл бұрын
Notebook and pen ready bro 🔥
@Charlie589 Жыл бұрын
Awesome video on the interview. Interview TJ Hunt and Throtl. For sure!!
@Sim_baah Жыл бұрын
Ive bought 4 cars from west coast and actually my new Audi Rs6 last night Hunter is nothing but the best!
@BAUER29 10 ай бұрын
Learn alot to this🙌🔥 saluted
@downey416Toronto 11 ай бұрын
that AMG is amazing i love it
@morneeden7115 Жыл бұрын
THIS VIDEO FUELED ME
@beeweezee71888 Жыл бұрын
This is awesome. I love cars.
@ayandathusilTV Жыл бұрын
I love your videos
@gspotlight04 Жыл бұрын
The Owner Super Cool👏🏼.. I would definitely consider coming down and do biz with Eric💯.. Awesome Content bro🙌🏼.. I see this delaership from TJs and Emilia YTs
@SnewJKnows Жыл бұрын
Yessir!!!
@rickvang7313 Жыл бұрын
Eric Curran is the most interesting guy so far as interviews goes. He is relatable to me. Inspiring too. Need more interviews of Eric.
@paulaaron9419 Жыл бұрын
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.
@peterhouser2520 Жыл бұрын
So cool that he's from the Northeast. I am actually driven limerock Park
@adrianom6548 Жыл бұрын
amazing videos bro
@ozemsadventureofrandomstuf252 Жыл бұрын
Yo Snewj nice one. I see he has your Maserati MC20 you thinking of ask him about it awesome car😮
@vinimelboy Жыл бұрын
What an amazing video
@marcusmckie Жыл бұрын
I bought my C8 from them. Definitely a great company. I’m buying my Lambo from them soon.
@Jo0bie 4 ай бұрын
what do you do for work?
@multivideos951 Жыл бұрын
Damn bro you were in my city!
@jorgemarcano1781 5 ай бұрын
It’s very funny the video.. i didnt know about this..!
@giofromtexas2679 Жыл бұрын
SnewJ 😎 man those shoes are badass, where'd you get those? And what are they? 🔥🔥🔥
@cardealershipgod8433 10 ай бұрын
Since COVID 19 started my own online company selling Used cars/ Motorsport Living My Bucket List.. Thank you for the educative [entrepreneurship] content
@DJordanMedia Жыл бұрын
Always love the content!
@Inspower Жыл бұрын
For real bro!
@SnewJKnows Жыл бұрын
thanks!!
@Faithlovehappy2316 Жыл бұрын
Stay blessed 🙏🏾
@GodLoesUgly Жыл бұрын
I love your videos ❤ So interesting and inspiring! I’m a female, new mom, in my twenties… Could you find a woman to interview???
@ermz13 Жыл бұрын
Yo this was sick
@Inspower Жыл бұрын
I agree man!
@CharlesTyler-gc3rs 3 ай бұрын
lovely car
@j.r.daniel2366 Жыл бұрын
Would’ve been dope to see you in person. I’m literally 3 exit away from WestCoast “Clinton Keith Rd” off the 215
@jcuervo213 Жыл бұрын
Same here, that's what I was thinking 😄pass by WestCoast a few times.
@BAUER29 10 ай бұрын
West coast exotic cars the best
@startingtech3900 Жыл бұрын
snewj looking jacked
@jcuervo213 Жыл бұрын
🤯 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 👍.
@kennethporst4359 Жыл бұрын
I Wanna do this + rent out my cars on the lot 👍
@ufc786 Жыл бұрын
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
@jacobkmiller Жыл бұрын
The dude had money to begin with, so someone who doesn't have the funds, is going to deal with ALOT more......
@jeffweaver955 Жыл бұрын
Murr town!!
@freeman2985 Жыл бұрын
Feel motivated ❤️👏
@Inspower Жыл бұрын
LFG!
@sandywexler5282 3 ай бұрын
Nice inventory the dealership has, but did I just hear $50 Million in sales?! That’s quite a lot of dough the owner is brining home if he has an overhead of $2.4 Million a year.
@KyleHansen509 Жыл бұрын
Be good at many things in life not just one.
@Wheelztotheworld Жыл бұрын
Awesme
@downey416Toronto 11 ай бұрын
I LOVE THAT ORANGE CORVETTE 😍😍😍😍🥵🥵🥵
@niebendiaye669 Жыл бұрын
❤❤❤
@ericxiong6678 Жыл бұрын
❤
@michaelmaya7742 4 ай бұрын
Tallked too much and not enough time looking at cars! Smh
@martinramirezmi5457 Жыл бұрын
I make 50K a month but currently still only own a 2006 BMW. Maybe some day I will get a higher value car.
@gcitydev Жыл бұрын
What’s your job?
@martinramirezmi5457 Жыл бұрын
@@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.
@gcitydev Жыл бұрын
@@martinramirezmi5457Ohk I see man.
@TkrzTT Жыл бұрын
You can clearly afford more than that so why do you only own a 2006 bmw
@martinramirezmi5457 Жыл бұрын
@@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.
@robertmorgan2219 Жыл бұрын
I wish he would sell high volume cars like Toyotas, for the kids of the ppl that can afford the exotics
@isaiahsherman2199 Жыл бұрын
Making millions sellin up marked supercars lol 😅👌
@Inspower Жыл бұрын
Genius right!?
@Exquizit_scans3838 8 ай бұрын
13:27 200k q month to run that business
@Exquizit_scans3838 8 ай бұрын
So you have to make above 200k to keep the busses running
@Exquizit_scans3838 8 ай бұрын
Salary for employees, bills
@ralphtherocks8960 6 ай бұрын
Ford dealer ships make a million a month…
@MTbone7 7 ай бұрын
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
@christianbenoit9643 21 күн бұрын
This guy doesn’t know shit about most of the cars he has.
@MysaviorJesus Жыл бұрын
@snewjknows Can you hit up the San Francisco finance seen and interview some fund managers. I’d love to see how they started