How to Build a Multi-Million Dollar Car Business with no Money
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- Опубликовано: 26 июл 2024
- Out of the 18,000 car dealerships in America only 1% are owned by African Americans. What Brandon Medford and his two partners Dave Obaseki and Eric Whitehead have been able to accomplish in less than two years is nothing short of remarkable.
Brandon is the co-owner of PTG 365 which is an automotive company that is changing the world of car buying. The company is owned by three black men all under the age of 30 (Brandon is 27) and they have offices in New York, LA, and Miami. PTG has 57 employees and gross revenue so far this year of $5.6 million. Their goal is to have $15 million in revenue by the end of 2020.
They have an extremely unique business model. They’re a car dealership but they have no car inventory. Brandon calls PTG the Uber Eats of the car industry.
They have grown by leveraging social media and relationships to obtain celebrity clients and Instagram influencers. Some of their clients include Meek Mill, Rich the Kid, and A Boogie. They have been featured in Forbes, Essence, Black Enterprise and they have a Docuseries show coming to Netflix and SnapChat TV in 2020.
They also have give-back programs which include credit and financial planning classes. In addition, they have a program for single moms that offers the option to obtain a car with either no money down or 90 days of no payments.
In episode 48 Brandon broke down their business model, the ins and outs of owning a car dealership, he also gave insight on how to establish relationships with celebrities and influencers and he explained how they were able to scale so fast. In addition, he also spoke about the value of keeping a low overhead, not limiting yourself and empowering people. #Entrepreneur #Carbusiness
IG: @lamborghini__
I needed this episode.. this is what I'm trying to do... right now I'm rebuilding totals and selling them. I have a dealer license and rebuilder license 🤘🏾
good luck bro keep working!
Best of luck to you! Where are you located? I opened a used car dealership here in Florida and working on getting to the next level.
Mobile Alabama
How difficult was it to get both licenses and how much were they?
I know Im asking the wrong place but does someone know a tool to log back into an instagram account??
I somehow lost the password. I love any assistance you can offer me!
His enthusiasm and hustle is absolutely AMAZING🎉 Pure GENIUS🏁
thanks for listening
I mean wow! He actually understands that without customers, there's no business! He is out there building everyone and finding ways to make it happen; help fix their credits so that everyone has a chance! I loved this whole interview! What a great man! Passionate and selfless.. Beautiful ❤️
Wow I'm blown away these young guys are changing the market place
This guy Brandon is a Genius and a true Hustler 👌
He's getting to a bag
Another powerful episode!!!! Wow. Shout out my boy Brandon. Kept it all the way real. From the bottom up, back to the bottom, and back on top. Salute.
He focused and bet on himself. North Star on point 👌🏿
This brother oozes NY confidence!!!!! Great interview as usual
Cancel that. This dudes energy is on 100,000,000
I was so moved by this....You have no idea how many blessings you have coming your way. Bless up. I'm moving forward faster
I’ve been in business for five years really encouraging to see the brother take it to another level much props to you looking forward to meeting you at the finish line
As a tech person I hope this brother has created an app. Scale as a Car Dealership as a service.
Amazing ‼️great model... something to think about.. l love seeing our people create greatness. These young men are amazing. Thank you especially for helping single mom. Keep up the great work 💪🏽💯💯💯
✊🏿💪🏾 Thanks again EYL..keep the videos coming
Don’t know why you guys don’t have a million subscribers already!
I love the fact how EYL is not afraid to ask those tough questions like how did you get this business started and why did you get this business started. 👍👍👍 i love this podcast!!!
Thank you! This is the best one yet!
Appreciate y’all dropping these gems
"Still tryna get gas for the office" 😂😂😂 this story reminds me of Pursuit of Happyness!!! I love this man's hustle, NO EXCUSES! Focus, dedication, imperfect action and execution! 💪🏁
I seen it all!! From Wendy’s to car business to biggest broker in the world! Proud of my bro!
EYL gonna be at 100k soon, on God. This is very inspiring stuff
SMART BROKER AND MAKES MONEYS WITH OUT USEDING HIS MONEY TO BUYS CARS, NO STRESS NO CRY
One of the most motivational EYL interviews. Let’s get it!
Respect! Best youtube channel
I thoroughly enjoyed this episode! You guys are great! I wish I had this growing up in NY in the 90's. Just shared this on IG.
thank you for listening and sharing this story
I’m in Los Angeles just opening up my own auto brokerage After working for another company in the past five years
Thats a dope idea. Wholesale whips like property. 👌🏾
Loved this episode!
#EYL Wow! I've been shouting out every week! Don't wanna seem like a procrastinator will be @ you life's in the way right now however, I do enjoy educating myself about topics that are really really interesting! Thanks just keep it coming and best wishes for your endeavors.
Love love love the energy❤❤❤
Wherever whenever whatever...in my Maxwell voice...nice vid
I been waiting for this interview. 💯
thanks for listening
Loved the show
Barz! Preciate The Knowledge!
thanks for tuning in!
Great show fellas
Keyword LEVERAGE And Network
Sheesh the white Honda!! I remember that, I’m a witness to this whole journey, 1,000,000% facts!!
Very Inspiring video makes me think this is the route to go as a dealer starting up marketing broker services is the way to go!!
Great interview..I know you get told this all time but bro in the black you look like Dak Prescott😂
THANK YOU💜🧡
Love this
Thanks for this! I’ve been tuning into your podcast for the last few weeks. It has has inspired me to build a business and create passive income. I’ll be a guest on the show in a few years. Keep the champagne cold for me! #EYL #earnyourleisurepodcast
Buy low , sell low quality. The best formula for sells.
This is inspiring!
Each and every podcast ya do inspires me to do better
thanks for tuning in!
Do they have a YT channel? I own a used car dealership here in Florida- just getting started. Want to get to know more about their services. Great video!! Thank you!
they do not. You can connect with them on Instagram
Needed this
thanks for listening
Yooo Troy line of questioning so underated
True hustlers. Respect it honestly.
Very structured video...I would've like to know his response on how his business will scale in a down market when there isn't a high demand in the economy to by more cars in case of a recession or depression..?
nice
great information. im starting my auto brokerage this year
Great Episode. He looks like Tank the singer
2nd person here 💪🏽💪🏽💪🏽
I think i just found my motivation no cap
very smart
Damn I wish I knew about this earlier this year..
This one was good
Get Omi in the hellcat!!
Nice BIZ MODEL.'.
Tory Lanez out here selling cars✊🏿
your need to do one with Delin carter an independent design with street inspiration, call Sia collective.
We'll look into it. Thanks for the recommendation
I love EYL no capppppp
How can we get you to Columbus, Ohio? You guys can set up shop at Our Bar. (pun intended)
🔥🔥👏🏽
🔥🔥🔥🔥🔥
When an individual is young, they do any thing at least two or more, when got older starting selecting what going to do etc
Look at the instagram followers to find mutual followers to DM them. Marketing Gold.
Salute
Damn this is genius.
Literally following his footsteps as we speak
I can tell y’all from NY by the theme music 😆
Nice BIZ model
PTG365....a lifestyle 😁
Great tips about providing excellent service and bargaining!
I do this with cell phones. Build on what you know and never quit grinding
Curated hey, I would be interested in hearing how you do this with phones. I’ve been wanting to but don’t know how to purchase legit phones in bulk.
Alexandria Jennings email simplegiantbusiness@gmail.com
The Brother from Baltimore with the Restaurants has a similar story as well ... Salute to EYL
thanks for listening
What's his restaurant name?
@@zawardo7264 ... ruclips.net/video/KKQzB0zqilI/видео.html
Is that December 7th at Top Golf?
CHINGON!!!
Great Episode.... I wonder... Did he tell you guys how they are able to know exactly how many days the vehicle has been on a dealership lot?
Dealerships post on public sites like autotrader. How long it's been up for sale is on the site
@@khalidabdullah5176 Thanks for that info!
Shout out to Rashad and Troy.
Definitely would pay more for honesty, and not have to go back and forth and play around with the price at the end.
Dick Gidron had a Cadillac Dealership.
Numbers do change at the dealer
Cuz in the black look just like Dak 😂
40:00 👌👍🔥
Rashad kinda look like Earl Sweatshirt
EYL find someone who owns a freight brokerage
Will look into it
BMW of Sterling is Black owned
i wonder where he's at now?
Its the Tesla model without the Tesla
💎💎💎
Here quick lol
alright
Hello
580 to a 850 thumbs up too tht
stay down to you come up
❤
💲🙌
And, the middleman wins again lol
lol
is he doing all this without a dealer license?
Not getting notifications
Tyra Phillips same here
820 credit dropped to 690 because of Ex.
BRANDON, I LOVINGLY SUGGEST THAT YOU GET IN CONTACT WITH THE GREAT INFLUENTIAL LARGE BUSINESS OWNER MIKE RASHID WHO IS WITH TRIFECTA AND GIVE OUT VEGAN TRIFECTA MEALS INSTEAD OF TURKEYS💯👑. LETS ENCOURAGE BETTER NUTRITION AND EMPATHY FOR THE ANIMALS AT THE SAME TIME💯👑