Laid Off to Making $400K/Month...
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- Опубликовано: 7 июн 2024
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Fired from his job, Kyle Bridgan turned his frustration into success by founding what would become the top-rated home remodeling company in Tacoma, Washington. Starting with remnant countertops, Noble Home Services now generates $400K per month with just four employees.
In this interview, Kyle reveals his six-step roadmap to financial success in remodeling without ever swinging a hammer. His standard operating procedure, which ensures projects meet client expectations with a zero-price change guarantee.
Kyle's commitment to transparency and customer satisfaction has earned his company a 4.9-star rating on Google and the title of #1 remodeler in Tacoma.
Subscribe for more stories and discover the secrets of turning simple ideas into profitable realities.
If you enjoyed this interview, you'll love learning how a side hustle turned into a $1.5M/year fencing business: • Side-Hustle Turned $1.... .
Also, don’t miss another fantastic success story making $700K/month with pavers: • $700K/Month With Paver... .
Resources:
www.upflip.com/academy - Start or Scale Your Own Business
www.upflip.com/equipment-list - Same Tools We Use to Create These Videos
www.upflip.com/podcast - Business Insights on the Go
nsshome.co/ - Kyle's Remodeling Company
Timestamps:
00:00 - Start
00:54 - Where it all started
01:51 - Transition from 9-5
03:37 - Revenue and profit margins
05:36 - Project pricing
07:32 - Marketing
08:38 - Childhood
09:34 - Build out costs
10:29 - Yearly revenue breakdown
11:25 - Happiness
13:23 - Fan Blitz
14:56 - SEO tips
16:17 - Networking
18:43 - Standing out from competition
19:51 - Team management
21:16 - Advice on how to stand out
22:33 - Broadening services offered
23:21 - Overcoming fear
25:26 - Realtor relationships
27:17 - 42-Step Sales SOP
28:39 - Suppliers
30:05 - Learning from a failed project
32:51 - Job management
33:52 - Competing with industry “dinosaurs”
35:28 - Common mistakes
36:44 - Book recommendation
37:17 - Business selling price and Exit strategy
38:12 - Outro
#remodeling, #homeremodeling #remodel
On May 30th at 2pm PST Kyle will be on the Academy ready to answer your questions! Simply start your free trial today to join the conversation. www.upflip.com/academy
It's very rare to find such honesty "I was fired because I wasn't the best employee". He took responsibility and made something for himself.
he def rides his employees hard af
Paying for leads is terrible. You basically hand over your credit card and wake up the next morning owing them a thousand dollars to go see a crazy person.
😂 100 percent
Learning how to buy customers at a profit is a great skillset. Many of the most successful companies out there had to learn how to do this, and do this. You just didn't do it right.
@@phil-spinelli - They better be damn good because 10 other companies will have guys crawling all over the place when they show up.
If it works, and makes profit.. then it's hardly terrible. It's pretty much advertising.. almost all large companies do exactly that.
@@phil-spinelli Exactly!
Money is spiritual
Hes right
Everything is spiritual
I'm glad he's candidly talking about self worth.
I’m glad you found that helpful! Thank you!
Not everyone has the courage to do that. We really admire him for being so open about it! 🙏
Doing the work is the easiest part. It's getting the jobs. That's the hardest part
Just like in every industry, mastering winning clients is already half the battle! 💪
marketing is everything
I would say the reverse. I had plenty of customers... could not do so much work or hire decent employees that would actually show up.
@@John-Adams-Can In the beginning, it's getting the jobs. Most just end up hiring subs for the work they don't want to do, definitely hard to find good employees.
@@AceEverett is it a surprise? when employees who do the manual labor get 20$an hour, whilst this guy takes 200k for himself. I understand why its hard.
This feller just seems super likable. I hope that he can keep growin’ and keep steadily scalin’ his bitness.
I wish him all the greatest future business success. 🙏
We're grateful for the kind words. Thank you for tuning in! 🙏
Kyle's journey from countertop sales to remodeling magnate is incredibly inspiring! Leveraging strong relationships and focusing on strategic marketing early on are game-changers in any service industry. 👏
You're right! Kyle's journey is indeed inspiring! 👊
@@UpFlip Amazing stuff honestly, sometimes literally blows my mind haha
Valuable and evergreen content. Thank you. This is a masterclass.
This is a fantastic interview.
What's a back link? Types of back links? SEO? Hearing how he bid low and lost money but didn't get bitter about it, but took it as a learning experience made me realize this guy is an upstanding human being. Wish you all success. Need more contractors like you.
Check Ahrefs' blog. They have some great content on how to do SEO and gain backlinks!
True. Some contractors love to mention timeframes! Then, they fail to deliver on their promise! Series of delays. Ballooning the cost! 😠
It's frustrating when contractors overpromise and underdeliver 😞
Honestly there’s so many tradesmen across all of the blue collars that do such shoddy jobs in this day and age that showing up and doing even decent quality work will have people begging their loved ones to be your next customer.
Providing consistent, quality work is a rarity these days, and it can make a huge difference in standing out in any industry. 🙏
You get what you pay for. Hire at low wages you get low skilled workers. Duh. Don't be cheap and you get highly skilled workers. I won't touch a single tool for less than $100 per hour. But I've got 25 years of experience, 60k in tools, and a truck that cost 70k new.
It really is a problem. Blue collar people are becoming more and more valuable as that happens. We have 1 person coming in for every 5 people leaving the trades for one reason or another.
@@MrCard031584 I’m not sure what exactly you’re trying to say or why you’re saying it like that, but thanks for proving my point and agreeing with me.
@@noblesolidservice1596 I will say after watching a few shorts and stuff; bless you. Especially that recent one with the lads cutting into foundation with proper PPE. I recently walked out of a remodeling company after day two because of zero PPE whatsoever and being given a hard time for not wanting to go on a roof without a harness.
My one uncle almost died doing that in the 90s, my other uncle spent 3/4 of his life with titanium rods in his back because of falling off a ranch roof, and an old family friend died falling off one without a harness. That’s the one thing I don’t mess around with is roofs without safety gear, and exactly why I intentionally joined what I thought was only a kitchen/bath remodeling place but ended up silently being a full reno company for a slumlord in town.
Was awesome to see somebody respecting safety. If I lived in your region I’d absolutely be using you guys, keep it up.
This man deserves everything good coming his way.
Appreciate you 😊
Absolutely, he sure does! 🙏
I jumped into it head first at the age of 25. 45 now but it’s a weird sub contractor/service business. I’m still an owner operator with one crane/boom pump 20 years later. It’s a nice rig but it’s a tough business to expand. My machine is $600k so it’s expensive to expand. I started as an owner operator of a drag line concrete pump had multiple machines at one time with employees now back to just me after a revolving door of employees post 2020 I had enough sold those machines and run my nice boom solo. I need to ramp up my game though and push harder again.
Hope you picked up some valuable tips from this video that you can apply to your business! We're rooting for your success! 🙏
Just try to buy one more boom pump and find 2 good staff, you find the work and help both each day- 3 jobs each 😊
@@Tunsgate123 definitely on the list of goals for the future.
You guys in the equipment game def have some crazy entry fees. Does it make it harder for someone to get into the game -thus less competitive?
Reliability in this industry is a must. If you have it you will have clients begging for your service.
It's a must in every industry, not just this one! 😉
He never said HOW he got the experience, You can't just start a construction business without any insight of the business.
I think he said that he worked installing countertops for a year and then started his company doing small jobs first and built quickly.
I did it. First year in did over quarter million. I watched a youtube video on my first job and prayed 🙏😄
@@ericshchavlinskiy4887 can you elaborate on how are you knew what you were doing? Did you have years of skill? Did you come into this knowing nothing etc. thanks.
Another great success story! Love it!👏🤙
I like how this guy systemizes things.
So organized and clever! 🫡
Man Sir I love the way you interview.
As a biz owner -This was the coolest part about this interview for me was seeing how Upflip operates. Very well oiled machine with a cool system
Being the oldest overcoming this bad habits knowing that you deserve the best for yourself
We owe it to the ones comin up after us!
My father in law built the Frank Lloyd Wright house sited in the Oregon Gardens.
He also would have been impressed by your quality and business acumen.
Great job!
This is the best compliment I think I’ve ever gotten. Thank you very much! 😊
Wow just subscribed. Love the transparency on Net vs Gross when he explained his earnings. I can easily say I make $xxx,xxx.00 when in reality I make a quarter of what I actually gross. Content providers on social media bug me when they inflate the reality of being an entrepreneur as if we’re all millionaires. Maybe my net worth but in liquidity I may as well be an employee for one of my competitors 😂
Here's a few facts for anyone that cares:
Re: real life:
Only 230,000 Americans who work in any capacity earn more than $1 Million per year. That's a fact and backed up by actual government data (if anyone bothered to look)
As a matter of fact less than 300,000 Americans working in an capacity earn more than $500K per year. People need to stop chasing the liars, the posers, the salespeople and anyone else who outright lie to them about how "Millions of people" are earning millions of dollars. It's bullshit and the government has the actual data.
The first 50% of all Americans working earn.....$45K per year or less. These are important numbers and people should embrace them as a way to be realistic about their goals and move past a level of mediocrity that is now commonplace here in the USA.
Secondly regarding RUclips:
A "content creator" needs to have 150,000 views per day, 365 days per year to gross $100K per year with RUclips. Then Google takes their 45% cut. Then (because you are not employed by RUclips) you have to pay your 15% SE tax, then your regular tax rates of Federal and state taxes (if applicable in your state). After all that you're basically left with $35K dollars net. This is why there are 100's of thousands of jobs available at fast food establishments, warehouses, etc. Why work when you can settle into a life of mediocrity by making videos? Of course what the majority of people don't realize: Interest in someone or their so called "content" is fickle and can wane very quickly like a 22 year old slut on OnlyFans who suddenly wakes up at 30, much fatter, sagging face and suddenly they are back to being irrelevant with no real prospects for the future.
Thank you for noticing that! I can’t stand when people do the fake guru thing and only talk about revenue.
@@noblesolidservice1596 It's free advertising. They are doing a sells pitch. That's why it feels manipulative, because it is.
This was a great video! Thanks...
Kyle is real deal. Locally he a a good plated reputation, and turns out great projects.
Great interview 🎉
Glad you love this video! Your appreciation means a lot to us and motivates us to continue producing content like this. 🙏
Implementation: This is the level where you do the work. ...
Unification: This is the level where you bring people together. ...
Communication: This is the level where you share your ideas with the world. ...
Imagination: This is the highest level of value creation.
100%!!!!!
At first glance of the thumbnail, I thought he was a butcher. Glad I clicked on the episode because he's definitely killing it. Always great content Upflip!
HAHA, glad you enjoyed it ;)
Yeah me too! Looked like a giant pile of hamburger. What was that anyway?
me too lol
@@bigal8976insulation
10:00 That house was being supported by four Jenga sets
Isn’t that nuts! They call it cribbing -and it’s usually done with special harder species of wood.
The first 5 minutes I see this guy is very skilled so he has a natural knack for what he's doing. He was likely undervaluing himself until he had to work for himself. I think that's the message. Find something you're good at and you'll rake in the cash.
Appreciate you! And love your perspective
20:19 THIS IS HILARIOUS
where on this video did that guy say he was making 400K/Month?
Interview Myron Golden ! He’s amazing !!!
Dude SERIOUSLY
Awesome job rehabbing T-Town! Not a easy thing to do!
Love how you called out t town!
I know hard work plays a part but not everyone makes it
Myron Golden is the GOAT
very inspiring :) exactly what i needed , thank you .
i have one question why client need a contractor and not deal directly with workers ? what is the key need ?
Our clientele are not focused on the price directly but rather the experience they will receive and would rather pay someone to manage their long complicated remodeling project and have someone who is in charge of managing it rather then dealing with a bunch of roughneck contractors who organizes a team and gets them their desired outcome. We are competing on speed and convenience.
Every business owner, regardless of industry, is in the business of gaining and retaining clients. Doesn’t matter what you know or do if you can’t get clients.
Absolutely! We are all marketing and sales companies that happen to do x y and z
Has anyone come across issues where the client was unwilling to pay after the completion of the project? What's the best course of action? Thanks!
… with our “vip” realtors lol
What’s the 4th implementation 5:33
I'm in the government contract arena and I have been thinking of getting into remodeling just to get a local presence
That sounds like a great idea! Best of luck with your new venture!
Solid video. Great work!
Myron Golden is 🔥 So dope he got his inspiration from him. I also did. 👏🏾 I loved this video.
Thanks man! I’m not sure why he’s not more popular, definitely groundbreaking stuff
Can make the video on gas station business and motel business
I'm super curious to hear about the sales coaching courses that Kyle mentioned in the video. Can he share what they are?
With the years worth of contracts is doable
Making millions and turning over millions are different things
He is talking about gross margin. In luxury construction, we net 8-12%.
Glad you understand it. Seems like not a lot of people caught that.
JobTread!! 32:19 👀
It’s pretty cool. Also very affordable and it’s nice that Erik Fortenberry (founder) has already made his money and just wants to help tradespeople out.
If I get 1000 like I'll go look for a lawn that needs to get redone and post it! Ill do the lawn for free Support 🙏
Or you could just do it 😂
Was going to do it regardless, but I would appreciate the support! Stay tune for the video 💪🏼😋
Can't wait for you to get it done! 💪
Come and do mines
Earn likes, don’t beg for attention….you missed the point of work ethic.
With this business model how do you prevent contractors from undercutting you?
“Undercutting” doesn’t matter at all to him at this point. They ARE the premier remodeler in his city. He has no desire to be the more affordable guy. Everyone will come in cheaper than him.
He brings a FARRRR cleaner approach and business management side to the game.
Start a free trial with the Academy and on May 30th at 2pm PST Kyle will be on to answer your questions! www.upflip.com/academy
Location location location.
Exactly, that's why I ask for a quote and not an "ethtimate". The number you give me is what I'm paying if I agree.
This is 💯 percent. Should be the industry standard
I don't know that it was worth 60k, but that was brilliant human interaction advice.... be unassuming presence and "show me what this appointment is about" is non-threatening and very matter of fact...
I am so glad you got value out of that. I was hoping someone would get something from that part😅
There has been a few instances in the video where he retold the same story and gave different dollar figures. So take the numbers with a grain of salt. Great episode otherwise.
The eaisiest is the hardest with competition
Great point! Have you experienced the same?
@Upflip
8 minutes into the video here. . can you ask these questions:
After you were fired, how much money did you have NET?
Out of that money, was any of it required to start your business?
Did you get any loans?
Did you manage to get a lead (from a realtor) and then did you begin hiring a team with that promised income?
Did you need a general contractors license in order to start?
Aside from having general knowledge of building/ tools, would you say people need to know in depth how to build a house in order to do this business? Or does it come down to general leadership
Thank you uplift for providing real world examples
Awesome questions! We'll definitely try to cover these in future episodes. 🫡
Start a free trial with the Academy and on May 30th at 2pm PST Kyle will be on to answer your questions! www.upflip.com/academy
IN LATAM IS 7 to 5 :c 😢
How does he have the licenses to do these things?
I misread that
please answer my these 2 questions,
1- You said an average profit margins are 20% but Kyle is getting 40%, are you talking about net margins that owner take home ??
2- And does kitchen remodeling cost $140,000, ??
Many of these high end kitchens can cost way more than 150,000. That's not to say that most kitchens cost $150,000. How many high-end appliances are 30 to 50,000. High end custom cabinets can be from 50 to over $100,000 by themselves there are many variables and when these high-end jobs are performed they're making probably 40%
@@stephen2738 hmm, great
Start a free trial with the Academy and on May 30th at 2pm PST Kyle will be on to answer your questions! www.upflip.com/academy
If I set an appointment, I’m invited in.
This is true, that tip was mainly for when canvassing or entering a situation when it wasn’t a warm lead.
Also, remodeling is not scalable and he should take this publicly traded idea behind the shed and not waste anymore money thinking about it. If you want to get huge, focus on new homes or commercial. Otherwise, make a good living and sell the company. Asking 10M when your SDE is 200k and you have no equipment to speak of and few employees is the same level of nuts. You will be lucky to get 3 turns on a remodeling company and probably will have to sell to an employee and take a second.
Well I respectfully disagree, look at renewal by Andersen, tundraland, power home remodeling, etc. They’ve each built remodeling companies over 100mil
We love paul
I learned a lot watching Paul operate behind the scenes! Upflip is a great example of a successful RUclips channel
I really like this guy. Hes great. Most contractors just suck and greedy. But he's awesome
Most contractors bust their ass.
It's refreshing to come across someone in the contracting world who's making a positive impact. 🙏
Hey thanks man! Appreciate you.
He said they charge anywhere from 100 to 140,000 for kitchen. Who the hell would pay that much to have them come in and put a kitchen in. That’s just crazy.
Seems like It’s market specific based on everyone’s reaction. Also most contractors aren’t charging enough to stay in business long enough or to actually service their clients appropriately. To put the numbers into perspective we can’t even buy the cabinets around here for less then 20k
Hard money bids
Like Steve Bechtel.
5:20 - 'people in sales make more money because they add more value'. I disagree. They'd have no value if they didn't have other people's work to sell. They make more money because they put more effort into bartering for wages.
If ur goona jump into it Plan B style, first research wat you wanna go into so you're not going into it blind, then you should have 6Ms to 1Yr saved up for living expenses to remove stress in order to make better decisions.
Great point
wonder he’ll feel one of these days when graffiti shows up on one of his projects 😂
Talk about full circle! It’s actually happened 😂 just part of the game
I'm sure he has some paint and a roller handy
Clearly he has talent to remodel, but does his local government require actual qualifications? Love your work . Cheers from Australia.
Ok
We hope you enjoyed the video - thank you for watching! ☺️
the real lesson is to target the wealthy. as with every industry. wealthy, and women.
500k home remodel lmaaoaooooo
Who in the pays 140k for a kitchen remodel
I’m telling you. The only way to make money in residential remodeling is in high income areas. Regular folks don’t have any money to pay you. Business to business is a better model.
Affluent homeowners do. It varies market to market and I’m not even in the most high end market in my area (Seattle) and it’s still the norm.
If you want some context check out the cost vs value report.
It compiles data from 1000s of remodeling projects and breaks the. Up into categories for each location and provides averages for each type of project. It’s the most unbiased realistic model for residential construction projects I have seen.
How the F do you even spend $140k on just a kitchen?
Im trying to image a $30k industrial cooker and a $30k solid marble tabletop but even with that ridiculous expense wheres the other $80k?
Well you’ve got electrical
Plumbing
Drywall
Flooring
Countertops
Cabinets
Trim
Paint
Windows
Framing
Structural
It adds up.
When it comes to starting a business, there are two schools of thought to it: you can be a sissy and just let it be a side hustle until you feel comfortable with going further into it (This is most people and it's fine. No one knows everything about business right off the bat.), or you can just go balls to the wall and dive head on into the business(es) and bullrush everything to build the empire of your dreams (this is fine too, but always remember to pay the IRS on time or you will have the government breathing down your neck).
average cost over runs/change orders are 20%. if you stay under 20% it's good. but to tell a client no over runs is BS. sorry
I should clarify- zero builder generated change orders due to not doing our homework. The majority of change orders can be avoided with an extensive pre construction process.
Did he say remodel a wright house?😂
What?
He never said the fourth level :/
Shouldnt have that plastic on the stairs. Very slippery hazard. use cardboard or the rhino stuff instead.
Noted, will keep that in mind next time.
Was fired for issues with ethics
lol what
This guy appears to be poor in competency in hands onskills and is successful just based on connection placement in society. He features a jobsite in his neighborhood. Im quite sure he overcharges custo ers in orderto pay talented hands on workers fairly competitive wage a long with an equal pay fir himself just cause of his connections.
There are many talented workers who are blocked from clie ts who will pay for their service just to protect others who in same industry but get business due to connections because of manmadesegments
That’s a lot of assumptions sir.
Give me a job 🤦🏻♂️
Let’s go! Are you in puget sound? Our project managers make somewhere between 80-110k
He basically lost money for the first 6-7 years from his income reported
😂😂😂. ok
This interview is ridiculous and filled with rhetoric jargon. The remodeling business is very hard because the competition is often excellent. 2nd, the previous construction is wrought with issues that takes a high quality craftsman to remediate. These skilled workers are hard to find & keep since they're starting their own successful businesses.
This is why we think it’s a great idea to use subcontractors instead of employees. Any good carpenter already probably works for himself.
First
Always appreciate the support fam! ☺️
He doesn’t make 400k a month it’s all a lie and BS.
They are talking about sales
@@stephen2738 well that is useless. If margins are 3%. They always hype that trash up.
@@user-wc8lu7qd2m True
@@user-wc8lu7qd2m he said he's making 35% profit margins.
With a year worth of contracts it’s doable
2
Did you enjoy the video? Thanks for watching fam! ☺️
@@UpFlip love them all. This guy is right up my alley too🙏
Philippians 2:10-11
10 that at the name of Jesus every knee should bow, in heaven and on earth and under the earth,
11 and every tongue acknowledge that Jesus Christ is Lord, to the glory of God the Father.
Amen
he talks so much on seo and his site seo blows lol
Which site? We have two, and rank #1 for all general contracting, kitchen remodeling, etc. We are not the best with seo but our channels do what they need to for our local area
$400K per month and not in California...this is all garbage
that title doesn't match the video at all. he never claims that
$200K on a roughly $5 million annual sales? Pretty weak considering his margins. Or is there more to this? 🧐
There’s more to it.
So the 200k is 4% margin not 40% 🤣
Over paid, underskilled plus full of ego.
Terrible information. Nothing eye opening or revelatory. Same old same old.
The most truthful thing he says is contractors are shady people. Id say they are greedy and predatory. This guy doesnt make the money he makes being fair and reasonable.
you are not talking about the trades and employees that know what they are doing. How did you find them, and retained them during down time???
Lost 400k not makes 400k monthly 🤡
Hmm🫣
Love your channel man!
@@noblesolidservice1596 thank you! Noblesolidservice
We hope you enjoyed the video - thank you for watching! ☺️
@@UpFlip it was a good video