21 min listen
EP 422: $2.6M 2015 Free Cash Flow On Luxury Car Business
EP 422: $2.6M 2015 Free Cash Flow On Luxury Car Business
ratings:
Length:
27 minutes
Released:
Sep 19, 2016
Format:
Podcast episode
Description
Pejman Ghadimi, a self-made entrepreneur and best-selling author born in Iran, raised in France, and crushing it in the United States since 1997. Listen as Nathan and Pejman talk bottom-line numbers, exotic cars, and what it takes to build a multimillion dollar business from scratch. Famous Five: Favorite Book? – Start With Why What CEO do you follow? – Elon Musk Favorite online tool? — N/A Do you get 8 hours of sleep?— No If you could let your 20 year old self know one thing, what would it be? – Take life more seriously. Time Stamped Show Notes: 01:40 – Nathan introduces Pejman to the show 02:15 – VIP Motoring 02:45 – At its core, VIP is an automotive investing service 05:00 – Legal bribery 06:30 – Pejman sharing his payout 06:56 -- $2.6M net cash flow 07:12 – What Pejman does with the money he takes from VIP Motoring 07:45 – Buying luxury assets 09:05 – The exotic car market allows people to get in and out of it quickly 09:34 – These cars aren’t meant to be driven, no one ever drives the cars, they never see public roads 11:10 – The industry and room for growth is limited by demand…the people buying these high-value cars are limited in supply 12:38 – Secret Entourage— A mindset, attitude, and a way of life. The relationships you form that revolve around yourself. The network that helps you be successful. The movement that. 13:30 – The entrance fee is $200 14:20 – Secret Entourage was not established as a revenue generating business 14:50 – As many as 36,000 sign ups in 2015 15:36 – How Pejman drives signups and facilitates exposure for his brands and drives new customers 17:50 – Pejman’s email list has 100K people, but he doesn’t use the list very often 19:40 – Nathan drill Pejman on the definition of “his movement” 20:59 – @ICreateMillionaires 23:16 – The Famous Five 3 Key Points: Obscure industries can be extremely profitable. Just because you have a massive email list, doesn’t mean you should exploit it. You will always be limited by demand so be aware of what that demand is. Resources Mentioned: Toptal – Nathan found his development team using Toptal for his new business Send Later. He was able to keep 100% equity and didn’t have to hire a co-founder due to quality of Toptal developers. Host Gator – The site Nathan uses to buy his domain names and hosting for cheapest price possible. Freshbooks – The site Nathan uses to manage his invoices and accounts. Leadpages – The drag and drop tool Nathan uses to quickly create his webinar landing pages which convert at 35%+ Audible – Nathan uses Audible when he’s driving from Austin to San Antonio (1.5 hour drive) to listen to audio books. @ICreateMillionaires – Pejman’s Instagram Handle Show Notes provided by Mallard Creatives
Released:
Sep 19, 2016
Format:
Podcast episode
Titles in the series (100)
33: How to Build a $100m SaaS Company: Nathan Latka brings you entrepreneurs daily inspired by Tim Ferriss, Pat Flynn, John Dumas, Entrepreneur on fire, Chalene Johnson, NPR, HBR, and the StartUp Podcast by SaaS Interviews with CEOs, Startups, Founders