From Driving your super cars and hypers and letting fans view and enjoy the fleet...to paving the way, on being able to be financially able to own one. love the content from A to Z. Great job keep it up guys! yall have a good team together!
This is probably the most informative video I've ever watched. A real guide on how to start the process and what you're going to need before you even begin selling that no one ever touches on. Most people just speak words and give the usual spiel on the "grind" mindset you have to create, and not a true process. This will definitely help a lot of people including myself, thank you Steve.
I really respect you taking the time to make this kind of content. Maintaining high quality standards, and building a community or joining a community is such an important part of the recipe
OMG you literally took those words out of my mouth, this is exactly the idea i have been trying to explain to my parents. After watching your videos along with other videos and talking to people at car meets I had this idea of an exhaust company about a month ago. I am only 18 and at the beginning of learning about business. It was really cool and inspiring to see someone who's made it as a business owner talk about an idea that I had. My parents are willing to invest in me learning as much as possible. If there's a way I could spend a week or two shadowing you please let me know how we could make this work.
I’ve barely got an hour to myself my guy. But I’d guarantee that if you spent a solid week of your time towards this idea, you could find all the literature and info you need online!
Great info! I started an ebike business just over a year ago after I built my first ebike on YT back in 2015. I was able to start monetizing at the time but when YT changed the requirements on watch time hours etc... that hurt because it shut me down and I lost monetization. I did make enough to buy a new go pro which was great after 3 years of monetization. I read about how the boom is coming for e-bikes that's why I started the business. I have been awarded a prime contract for the state and love helping them, but they are only buying a few a year. I'm keeping the business open just because I enjoy supporting their efforts and it helps me feel like I belong to the team. Recovering from a work injury last May so my business efforts are limited currently but on the up and up :)
Steve is just honestly amazing giving back to the community and the fact he lets strangers experience million dollars worth of guys if anything this is level of success that would make me happy especially because of my love for cars amazing guy fr
Steve I have had my idea for about 10 years now, I ran it by Rob Dyrdek back when I got out of college and his lawyer tried stealing it. Would love to tell you about it more, and it could 100% fit into your industry and its a great way for the less fortunate to have a platform to get toys, accessories, and much more for a small price! Thanks, hope to hear back!
I just started my own business! Going 50/50 with my dad. I’ll be handling all business aspects and he will be handling all remodeling. Three Rivers Home Solutions LLC in northern Indiana flipping houses!
Hey there Steve and crew. First off, I’ve seen every one of your videos, love the way you run your companies, love what you guys do for the public, and in that regard I have a very similar mindset. I started up a business earlier this year and have learned a lot since. I have a few other companies/products/services in mind that are ready to start building that will provide a lot of value for customers at a global scale, too. My question for you is; have you ever run into a situation where you’ve spread yourself too thin (regarding how many different businesses you’ve tried to start up/invest in) and what would be the best approach to grow all of them without another one being pushed to the back burner and failing? PS: when my companies take me to new heights, I’m making my way down from Canada to you guys so you, the crew, and the public can drive my rare cars too ❤
Happens all the time. When I do, I take a look at what is most core to the business, and what generates the most stability or cash/sales, and limit my focus to that. I pause any other projects to ensure focus is put where it belongs. Hiring qualified people to take over lower level work absolutely helps, too.
So here goes everything, I’ll make it quick, I’m a car guy/ idea guy… I have 7 cars idea that have not been introduced yet and I’ve been sitting on these drawings for about 3 years, some design and some technology. However we could work together, if it be licensing, partnering, developing… I’m up for a good o’l NDA conversation. I believe you’re the team that could actually see these ideas to market and do it well! Hope this is a comment that gets read God Bless
Hey Steve, I stumbled across our channel only recently and have been glued to it ever since. I am an aspiring entrepreneur and have created multiple businesses that haven't quite lifted off the ground. I started with videography and media, then ventured into designing my own automatic watches (automotive themed), then some drop shipping, and now I have a POD Etsy store that has turned a little bit of profit. But I am not 100% behind my current ventures and now I am at a crossroads of where I want to go with my entrepreneur journey. I have a MAJOR custom wheel obsession. I have helped numerous friends and family pick out the right aftermarket wheels and every single person has been overly satisfied. I love wheels and the aftermarket scene that surrounds them. I have gone through dozens of wheels on my personal vehicles and learned a ton about fitment and style and the differences between styles and brands. I want to start my own wheel company or company that is based around the aftermarket wheel game. My first thought was lugnuts and introducing a new version of lugnuts or a specific style that could get affordable titanium lugnuts into the hands of everyday car owners and not just the rich and famous. I want to get my foot in the door somehow or in some way. Even if I need to bring my talents and skills to you then I'm open arms to any suggestions or possibilities. I don't expect you to give me a job or tell me the exact path to take. You seem like the PERFECT mentor for someone like me who is trying to make something from nothing in this industry. I appreciate your time if you read this and will never stop watching your content as it speaks to my heart anytime I click play. Keep up the content and thank you for everything.
Differentiation and /or Competitive advantage. This cannot be overstated. If you don't have one or both of those things in your model, all you end up doing is owning your own low paying job. Everything Steve is telling you has been done in the automotive enthusiast industry in the last 20 years. His differentiation was that he collected all the brands in one place for comparison and his customer service. Previously these brands all just rep'd themselves on their own sites or sold through distributors in bricks and motor stores or paper catalogs. None of which did customer service very well in the transition to the digital age. Steve's competitive advantage comes from that. He leveraged his understanding of customer service in the digital realm. His competitive advantage was timing and low overhead. Timing involves either an incredible amount of insight or luck or both. He was in this market early and with the lowest operating costs one could have. Steve this is the first video of yours I've ever watched. Maybe you've these topic more previously but I don't think they can be emphasized enough.
Hi Steve, I am no expert but you said that if someone with no capital want to start an exhaust company like you with high quality products, hyper car level........wouldn't it be better to first start with basic car exhausts like of a golf and provide good service as well as quality and build a brand in that area and then once you have a name as an experienced company, you can dive into the hyper car and sports car category because I doubt someone would trust modifying their precious supercar from an inexperienced and amateur entrepreneur no matter how promising it looks, unless you have good contacts in the supercar world... Appreciate your videos and content is always great from you guys, I think where most people struggle is with pushing their ideas without having much capital, that initial take off, particularly outside US, It would be great to hear from you on that topic alone in a video...thanks!!
I just stumbled on this channel (sucker for Bugatti) and I love it, just wanted to say solid advice and attitude that is for me key.. No BS straight to the point. I'm working in marketing a dream for me would be working for a High End brand that not only provides a service it also is a lifestyle. Sadly my clients are not in that bracket (hint) If you're looking to branch out to the EU and need a wacky Dutch marketing guy.. ME ME ME
I know it's somewhat counterproductive, but could you start that new product/service series without using your already existing THC or wheel company audience, so it's really a start from scratch as much as possible? Many people leverage their already existing audience which most people don't have. Would be a highly educational series. Keep it up, love the content. :)
Thanks for taking the time to look. I have a service based business that I’m working on expanding. Local marketing seems to be the hardest thing for us because we are so niche. Would love some advice.
Im from Canada and i started doing drop shipping auto parts for fun when the pandemic hits on 2020, I didn't know that this business model will changed my life :) Anything is possible just believe in yourself and do what you love.
Love this video happy you guys made this video. Thanks to you also Steve for being truthful with everyone and humble. Can really tell you aren’t one of those stuck up rich people that thinks they are better or to good to help other people succeed.
I have sold over $5 million dropshipping and I can tell you first hand margins are razor thin, within a few days of you growing your product you get about 50 people copying your videos and website. Its a tough way to make a living! Not to mention the bans! I currently look for way to crush mg competitors by buying bulk right away and securing exclusive contracts with manufactures to get rid of all competition
Super true. Just got out of the army and jumped into the pool industry here in AZ and the first 2mo I got a 13% raise because I simply asked my boss. Great video, appreciate it!
Been watching for a long time. At first, it seemed off. But as he gave his back story, some of the insane stuff became more understandable. Not just that, the dude seems honest and really respectful and inspiring. Its hard to not like the guy, his story and how he uses those assets to benefit the public.
I agree. Customers that aren't constantly communicated with and informed of bad news, good news, and/or no news, are most susceptible to having a bad experience with your business. People draw their own conclusions when they aren't constantly "touched" or notified, and most times their insecurities lead them to the worst case, most unlikely scenario.
You are absolutely correct on certain people taking weeks to make purchases, it takes me about a month to buy rims for any vehicle, I check reviews/prices online and 1 bad review and I’m back to square one in my search
I can’t stress enough to get an accountant involved early on in owning a business. Federal, state, and sales tax can be significant expenses you have to be on top of
Frank here met you Sat at 302 Brewery. The Electric Hummer Guy. Currently have a Electrical Contractor Company but looking to transition into Medicare Sales reason is the residual income business aspect. GREAT VIDEO!
I think there are some people in this world that need to actually sit down and properly listen to this video a minimum of 2 times, because they're selling people on a false life and this video is honest and realistic from someone who has already been there and achieved success.
Great video! Tons of actionable advice. I tried the drop shipping model 8 years ago. It’s a dog fight just to get anything out of it with single digit margins. I transitioned to importing/creating my own branded wheels and now I’ve moved on to crafting my own USA made wheels in house. Everything you said here really resonated with me and my brand.
Honestly, you don’t even need solid ideas. You can just look at what’s working and do the same. Even better if you live in a country that is usually a couple years behind when new things come up. Banks are your friend , you need funds. You need to take advantage of every oportunity. Finding the people to work with can be one of the hardest things imo.
I appreciate you keeping it real and not bullshitting like everyone saying starting a business is easy or you can do it for free and all the stuff all these gurus say to this generation just to sell them some course.
If anyone has questions about finance and banking with a business, I have been in commercial and whole sale banking for 17years. A lot of people have good businesses but you have to learn how to be attractive to a bank.
I love that you are giving this information as a BUSINESS OWNER and not a self employed person who owns a business (aka when the business owns you lol). What you're saying is scalable unlike self employed business owners.
yeah i got a trucking business. it sucks ass now cause its slow and one truck down and cant really fix it. blows even harder. but i mean shit i keep try to get over all of the crazy hurtles so i could even make profit. life is hard.
I’m really happy that Steve shares his life , using his hyper cars , showing his business, everything. Also are you guys using Amazon Affilate program on your channel , just another way to monetize
Awesome job Steve! You guys & girls do a fantastic job, have a wonderful RUclips Channel and a Magnificent Car Collection! It's great that all proceeds from "The Hamilton Collection," are given to Charities. Stay strong and stay healthy Team!
Hey steve! I just saw your porsche gt3rs at topgolf and i saw you leaving down the road from out bay!! So cool to see your cars. I was also at irongate yesterday and talked to you briefly! Love it man!
Hey Steve, My name is Gonzalo Perez. Thank you so much for this video! I am a MBA student and this video has already taught me more useful things than most of my classes. I need some advice. I want to start a car app but my skills are in mechanical engineering and business. I have started products before without using any of my own money by convincing my university to invest in student projects. This app project will be more difficult for me to start: 1) I don't know coding and even if I teach myself it will take me years to code the app. 2) I don't have money for this project 3) This car app would only succeed with a lot of marketing since part of it is social media. The 2 paths I am thinking about are: 1) Hiring an app developer for equity and gather marketing funding once the app is ready (but I don't know developers that will work for equity). 2) Pitching the app idea to an investor with a following in the car community and hire an app developer. Let me know what you think of this situation. Also, be honest with me if I should move on to the next idea, since I don't have the capitol or primary skill for this one. Thanks!
Just saw this and it came to me as inspirational in a very logical way. Am I starting a business? No.🤣 In a way, I am my own brand and that’s what I’m building, so thanks for giving takeaways even for my situation.❤ much luv from CHI TOWN!!
So inspiring. Long story short. I’m 26 years old. Been in the car business my whole life. Left to work on my own a year and a half ago. I have my LLC. I have the business model. I have a plan. I have the brains. I have everything needed to start my own dealership OTHER then the money… What would you recommend as far as finding an investor? It’s literally all I need. The investment.
I have a real good niche in the solar industry. It's the EPC strategy, however we do much more highly custom stuff. Off grid systems, custom home control etc. Many EPC businesses in this industry are very cookie cutter. We are not. I'm not a billion dollar business yet, but will certainly be a multi million dollar biz by end of 2023. One thing I think is insanely important is good partners and coworkers.
Rags to Riches is how I found this channel. This is the content I love. The rest is just a super bonus! The most under subscribed channel on the interwebs!
What a valuable content. I am currently taking a course ending in December in business start up. Trying to open my japanese fast food restaurant. You are a true inspiration, Steve. I am from Québec Canada, french town, practicing my english at the same time :D Killing two birds with one stone
I knew that some of these were part of the same company, and I just recently started following you on RUclips, wondered how you came into your money. My mind is blown that you are the guy that started all of this
I think this is a great expansion on the Hamilton Collection’s community orientated branding. Seeing the process would be really insightful, in terms of the general processes of bringing a business together - not specifically the product itself. I don’t know if it would be helpful to get into, but maybe going into the specifics of what you’ve (Steve) felt has brought you the furthered in your career. You mentioned your hard work ethic, but I mean more so in terms of just basic administrative skills, and those needed to service your business. Well, I would also like to hear about the soft skills as well. Other than hearing “that’s what she said”, I think your next most spoken words are “thank you” and “I appreciate you… “ - I’m interested in hearing how you’ve grown to Become this, uhm, boss, for lack of a better word 😂 Also, once this is done, maybe the next series along the line could look at taking some of you HC staff through the building process of their own business, like a challenge of who’s learnt the most from Steve 😂, with more constraints that the general public can identify with - like limited capital 😂 But yeah, I appreciate where this is going - it’s pretty great ☺️
Thank you for making this video Steve, especially since I just started my own business in the automotive industry. I am a partner in a company called Indecent which is widebodying watercooled Porsches such as the 997. I hope to meet you in SEMA this year as I am debuting the first US vehicle. Everything you've said has reconfirmed my though process and I've learned some aspects I haven't considered!
Thanks for the advice, I'm 18y old and came to realize working for a boss gave me no satisfaction. So I did some research into creating my own company and launched it with a plan 2 weeks later. Currently dealing with the first order and stoked to up my game even more! Came across a few headache problems along the way but managed to tackle all of them so far, Definitely hyped to see what my next quarterly result will be + learning from mistakes One question: is it smart to recruit non experienced hardworking friends over people with experience?
I love how I’m in math watch this learning stuff I’ll never use but I’m listening to Steve going okay here’s what I want to go do this love ya Steve thanks for the advice
Thanks for sharing your knowledge, wisdom and experience in light of helping others. Would you be interested in taking an express car wash model nationwide and scaling it to approximately 50 units in less than 10 years? Ebidta would be high and value of the chain would be close to $1 Billion. Strong income along the way, can hold or sell. We have 2 now and have been offered 12 X Ebidta for them. More units, higher cap rate value. Love the fact that you give back so much. Hats off to you!! 🙏🏻
I remember the whistle tip exhaust videos from early RUclips from Oakland 😂😂 "THE WHISTLES GO WOOOOOO" "it's that whoop whooop", "that's like a alarm clock, whoooooop" 🤣🤣
Hey Steve, amazing video! The top 10% really helped me out as I’m 19 and currently working in a Publix deli. I’ve decided I want to make a career of it and soon become a Department manager and one day a manager of a store. I’ve just had trouble taking those step because I’m at a point in my life we’re there’s a lot of change coming up. Soon I’m going to have to be moving as I’m transferring from community college to a university. So I’ve been hesitant to pull the trigger on becoming a full-timer as that’s my next step in order to become a manager. I’ve also recently turned to bodybuilding and would like to compete a few times, so that’s slowed me down a bit. But this was huge to hear that advice you had in the video. It’s got me excited for the future as I’m willing to put the work in to separate myself and build the life I want.
i made my own company and we are now valued at 5,6 billion dollars. exited for the new Bolide! and the T50 and the T50S and ofc i got the new Koenigsegg on order i live near the factory!
Thanks for saying how this isn’t just drop shipping to many people go crazy about that I personally hate drop shipping as it has scammed my dad before it preys on older people with bad vision who don’t read the fine print ie shipping time
I have a group of friends who are my SHARK tank & have shown & given examples on necessity is the mother of investment & they keep pulling the plug OUT so do my dreams
Steve I truly think this video helped me understand a lot more in-depth on how a business actually operates. I’ve taken an accounting course at my CC and it taught me a whole lot on how the money was being used and where it was allocated to. I’m currently an Economics & Accounting major and hope to pass it as I’ve put over 3 years into it starting all the way back in the early days of HS. Will say CC paid off heavily as it’s free to go for the most part and having a starting point for a degree is wonderful, especially if you want to continue or find an interest at a university. My question for you Steve is: Should I try to build up my capital with the good salary my university claims after I leave or should I already plan on starting up a business? I already thought about investing my money into profitable things (crypto, stock, real estate possibly, etc) but those are incredibly risky ways of making money and in fact feel more like a gamble. I personally think tweaking products that already exist is a very hard thing to do unless you hire a team and what not. I honestly don’t know what’s best and would love to hear your opinion on this as I’d love to become like you one day and own a bunch of awesome cars and potentially an entire collection! Always had such a big passion for cars and don’t know how my life would be without them.
New subscriber as of today. Most people should not be entrepreneur. My father was an entrepreneur and I was able to see what it takes firsthand. I know l make a great employee. I seen one of your cars in downtown Lombard August 6, the license plate was “UGH WANG”.
No question for Steve but just wanted to say thank you for the positive impact you’re making on this world 🙂
Ur a solid dude man. The social media world needs more people like you
From Driving your super cars and hypers and letting fans view and enjoy the fleet...to paving the way, on being able to be financially able to own one. love the content from A to Z. Great job keep it up guys! yall have a good team together!
The worlds really need more people like Steve!
This is probably the most informative video I've ever watched. A real guide on how to start the process and what you're going to need before you even begin selling that no one ever touches on. Most people just speak words and give the usual spiel on the "grind" mindset you have to create, and not a true process. This will definitely help a lot of people including myself, thank you Steve.
I really respect you taking the time to make this kind of content. Maintaining high quality standards, and building a community or joining a community is such an important part of the recipe
Your energy and positivity says a lot about you. Great video.
Steve just seems like such a down to Earth human. Glad I found this channel and will continue to follow. Great information all around!
The fact that the stinkypoopexhaust domain goes to THC’s channel 😂
It still does 🤣🤣🤣
OMG you literally took those words out of my mouth, this is exactly the idea i have been trying to explain to my parents.
After watching your videos along with other videos and talking to people at car meets I had this idea of an exhaust company about a month ago. I am only 18 and at the beginning of learning about business. It was really cool and inspiring to see someone who's made it as a business owner talk about an idea that I had. My parents are willing to invest in me learning as much as possible. If there's a way I could spend a week or two shadowing you please let me know how we could make this work.
I’ve barely got an hour to myself my guy. But I’d guarantee that if you spent a solid week of your time towards this idea, you could find all the literature and info you need online!
Can we continue to get videos like this? I love this!
For sure!
love that you give all this information for free ❤
We're all about serving the community.
Great info! I started an ebike business just over a year ago after I built my first ebike on YT back in 2015. I was able to start monetizing at the time but when YT changed the requirements on watch time hours etc... that hurt because it shut me down and I lost monetization. I did make enough to buy a new go pro which was great after 3 years of monetization. I read about how the boom is coming for e-bikes that's why I started the business. I have been awarded a prime contract for the state and love helping them, but they are only buying a few a year. I'm keeping the business open just because I enjoy supporting their efforts and it helps me feel like I belong to the team. Recovering from a work injury last May so my business efforts are limited currently but on the up and up :)
Nat, Tommy, and Steve.. Thank you for staying genuine. You guys embody rare qualities... Videos like this are what set you apart from everyone else!
Stev is so knowledgeable I love listening to him and learning even just one thing new
Your humbleness is extraordinary that’s what keeps you blessed great Man U are sending peace and blessings from the UK 🤜🏾💯‼️
Steve is just honestly amazing giving back to the community and the fact he lets strangers experience million dollars worth of guys if anything this is level of success that would make me happy especially because of my love for cars amazing guy fr
Steve I have had my idea for about 10 years now, I ran it by Rob Dyrdek back when I got out of college and his lawyer tried stealing it. Would love to tell you about it more, and it could 100% fit into your industry and its a great way for the less fortunate to have a platform to get toys, accessories, and much more for a small price! Thanks, hope to hear back!
I just started my own business! Going 50/50 with my dad. I’ll be handling all business aspects and he will be handling all remodeling. Three Rivers Home Solutions LLC in northern Indiana flipping houses!
Hey there Steve and crew. First off, I’ve seen every one of your videos, love the way you run your companies, love what you guys do for the public, and in that regard I have a very similar mindset.
I started up a business earlier this year and have learned a lot since. I have a few other companies/products/services in mind that are ready to start building that will provide a lot of value for customers at a global scale, too.
My question for you is; have you ever run into a situation where you’ve spread yourself too thin (regarding how many different businesses you’ve tried to start up/invest in) and what would be the best approach to grow all of them without another one being pushed to the back burner and failing?
PS: when my companies take me to new heights, I’m making my way down from Canada to you guys so you, the crew, and the public can drive my rare cars too ❤
Happens all the time. When I do, I take a look at what is most core to the business, and what generates the most stability or cash/sales, and limit my focus to that. I pause any other projects to ensure focus is put where it belongs.
Hiring qualified people to take over lower level work absolutely helps, too.
So here goes everything,
I’ll make it quick, I’m a car guy/ idea guy… I have 7 cars idea that have not been introduced yet and I’ve been sitting on these drawings for about 3 years, some design and some technology. However we could work together, if it be licensing, partnering, developing… I’m up for a good o’l NDA conversation. I believe you’re the team that could actually see these ideas to market and do it well!
Hope this is a comment that gets read
God Bless
Finally some clearly spoken and up to date information about this subject. This is really awesome
This’s gold. Extremely honest and unapologetic as well
This is such an awesome video and great advice! Father Steve always coming in clutch!!🔥🤝🏼
Hey Steve, I stumbled across our channel only recently and have been glued to it ever since. I am an aspiring entrepreneur and have created multiple businesses that haven't quite lifted off the ground. I started with videography and media, then ventured into designing my own automatic watches (automotive themed), then some drop shipping, and now I have a POD Etsy store that has turned a little bit of profit. But I am not 100% behind my current ventures and now I am at a crossroads of where I want to go with my entrepreneur journey. I have a MAJOR custom wheel obsession. I have helped numerous friends and family pick out the right aftermarket wheels and every single person has been overly satisfied. I love wheels and the aftermarket scene that surrounds them. I have gone through dozens of wheels on my personal vehicles and learned a ton about fitment and style and the differences between styles and brands.
I want to start my own wheel company or company that is based around the aftermarket wheel game. My first thought was lugnuts and introducing a new version of lugnuts or a specific style that could get affordable titanium lugnuts into the hands of everyday car owners and not just the rich and famous. I want to get my foot in the door somehow or in some way. Even if I need to bring my talents and skills to you then I'm open arms to any suggestions or possibilities. I don't expect you to give me a job or tell me the exact path to take. You seem like the PERFECT mentor for someone like me who is trying to make something from nothing in this industry. I appreciate your time if you read this and will never stop watching your content as it speaks to my heart anytime I click play. Keep up the content and thank you for everything.
Differentiation and /or Competitive advantage. This cannot be overstated. If you don't have one or both of those things in your model, all you end up doing is owning your own low paying job.
Everything Steve is telling you has been done in the automotive enthusiast industry in the last 20 years. His differentiation was that he collected all the brands in one place for comparison and his customer service. Previously these brands all just rep'd themselves on their own sites or sold through distributors in bricks and motor stores or paper catalogs. None of which did customer service very well in the transition to the digital age. Steve's competitive advantage comes from that. He leveraged his understanding of customer service in the digital realm. His competitive advantage was timing and low overhead. Timing involves either an incredible amount of insight or luck or both. He was in this market early and with the lowest operating costs one could have.
Steve this is the first video of yours I've ever watched. Maybe you've these topic more previously but I don't think they can be emphasized enough.
I don’t typically comment on videos, but I wanted to say thank you for making this one. A lot of great entrepreneurial advice
Hi Steve, I am no expert but you said that if someone with no capital want to start an exhaust company like you with high quality products, hyper car level........wouldn't it be better to first start with basic car exhausts like of a golf and provide good service as well as quality and build a brand in that area and then once you have a name as an experienced company, you can dive into the hyper car and sports car category because I doubt someone would trust modifying their precious supercar from an inexperienced and amateur entrepreneur no matter how promising it looks, unless you have good contacts in the supercar world... Appreciate your videos and content is always great from you guys, I think where most people struggle is with pushing their ideas without having much capital, that initial take off, particularly outside US, It would be great to hear from you on that topic alone in a video...thanks!!
I just stumbled on this channel (sucker for Bugatti) and I love it, just wanted to say solid advice and attitude that is for me key.. No BS straight to the point. I'm working in marketing a dream for me would be working for a High End brand that not only provides a service it also is a lifestyle. Sadly my clients are not in that bracket (hint) If you're looking to branch out to the EU and need a wacky Dutch marketing guy.. ME ME ME
I know it's somewhat counterproductive, but could you start that new product/service series without using your already existing THC or wheel company audience, so it's really a start from scratch as much as possible? Many people leverage their already existing audience which most people don't have. Would be a highly educational series. Keep it up, love the content. :)
Thanks for taking the time to look. I have a service based business that I’m working on expanding. Local marketing seems to be the hardest thing for us because we are so niche. Would love some advice.
studying macroeconmics is really helpful when your trying to figure out what business to start.
Im from Canada and i started doing drop shipping auto parts for fun when the pandemic hits on 2020, I didn't know that this business model will changed my life :) Anything is possible just believe in yourself and do what you love.
Thanks
The reality behind things that people hate talking about! Than you Steve!
Damn Steve,God bless you for your honesty.
The last time I was this early, I had a kid
So, another one coming or getting rid of the first one?
I’m so confused
LMAO
is that happy or thrill shock idk
Love this video happy you guys made this video. Thanks to you also Steve for being truthful with everyone and humble. Can really tell you aren’t one of those stuck up rich people that thinks they are better or to good to help other people succeed.
We need more of this stuff. Thank u
I have sold over $5 million dropshipping and I can tell you first hand margins are razor thin, within a few days of you growing your product you get about 50 people copying your videos and website. Its a tough way to make a living! Not to mention the bans!
I currently look for way to crush mg competitors by buying bulk right away and securing exclusive contracts with manufactures to get rid of all competition
Super true. Just got out of the army and jumped into the pool industry here in AZ and the first 2mo I got a 13% raise because I simply asked my boss. Great video, appreciate it!
Been watching for a long time. At first, it seemed off. But as he gave his back story, some of the insane stuff became more understandable. Not just that, the dude seems honest and really respectful and inspiring. Its hard to not like the guy, his story and how he uses those assets to benefit the public.
I agree. Customers that aren't constantly communicated with and informed of bad news, good news, and/or no news, are most susceptible to having a bad experience with your business. People draw their own conclusions when they aren't constantly "touched" or notified, and most times their insecurities lead them to the worst case, most unlikely scenario.
You are absolutely correct on certain people taking weeks to make purchases, it takes me about a month to buy rims for any vehicle, I check reviews/prices online and 1 bad review and I’m back to square one in my search
I can’t stress enough to get an accountant involved early on in owning a business. Federal, state, and sales tax can be significant expenses you have to be on top of
Love that the profits from your channel go to charity 👍
Frank here met you Sat at 302 Brewery. The Electric Hummer Guy. Currently have a Electrical Contractor Company but looking to transition into Medicare Sales reason is the residual income business aspect. GREAT VIDEO!
very charismatic person , with genuine leadership skills .Coherent speech with demonstrated knowledge .
The Hamilton Collection Great Video I'm glad Steve shared how to make a Successful business and I can't wait to see him start his own Exhaust company
Awesome video, so many great points and tips. Steve is the best.
I think there are some people in this world that need to actually sit down and properly listen to this video a minimum of 2 times, because they're selling people on a false life and this video is honest and realistic from someone who has already been there and achieved success.
Great video! Tons of actionable advice. I tried the drop shipping model 8 years ago. It’s a dog fight just to get anything out of it with single digit margins. I transitioned to importing/creating my own branded wheels and now I’ve moved on to crafting my own USA made wheels in house. Everything you said here really resonated with me and my brand.
Honestly, you don’t even need solid ideas. You can just look at what’s working and do the same. Even better if you live in a country that is usually a couple years behind when new things come up.
Banks are your friend , you need funds. You need to take advantage of every oportunity.
Finding the people to work with can be one of the hardest things imo.
I appreciate you keeping it real and not bullshitting like everyone saying starting a business is easy or you can do it for free and all the stuff all these gurus say to this generation just to sell them some course.
If anyone has questions about finance and banking with a business, I have been in commercial and whole sale banking for 17years. A lot of people have good businesses but you have to learn how to be attractive to a bank.
Right out the gate an absolute banger talking about dropshipping. Cheers 🍻
I love that you are giving this information as a BUSINESS OWNER and not a self employed person who owns a business (aka when the business owns you lol). What you're saying is scalable unlike self employed business owners.
MAP Performance got you my subscription great prices on the Squirrelly mandrel piping and parts. hell yeah ! do it for Dale
yeah i got a trucking business. it sucks ass now cause its slow and one truck down and cant really fix it. blows even harder. but i mean shit i keep try to get over all of the crazy hurtles so i could even make profit. life is hard.
A man who knows his business and how to run it the right way an make $$$ while being honest! 💪🏾
Thank you for this priceless gift (advice) Kelvin from Ghana 🇬🇭🇬🇭🇬🇭
Thanks for the great advice Steve . Your a true legend .. take care everyone 💜
I’m really happy that Steve shares his life , using his hyper cars , showing his business, everything. Also are you guys using Amazon Affilate program on your channel , just another way to monetize
Video jammed packed full of value. Thank you for sharing!! 🔥🔥
Awesome job Steve! You guys & girls do a fantastic job, have a wonderful RUclips Channel and a Magnificent Car Collection! It's great that all proceeds from "The Hamilton Collection," are given to Charities.
Stay strong and stay healthy Team!
The energy, motivation and real talk. Thank you!!
These are the videos we NEED!
Hey steve! I just saw your porsche gt3rs at topgolf and i saw you leaving down the road from out bay!! So cool to see your cars. I was also at irongate yesterday and talked to you briefly! Love it man!
Your the goat when it coms to business my guy keep doing what you do best
Hey Steve,
My name is Gonzalo Perez.
Thank you so much for this video! I am a MBA student and this video has already taught me more useful things than most of my classes. I need some advice. I want to start a car app but my skills are in mechanical engineering and business. I have started products before without using any of my own money by convincing my university to invest in student projects. This app project will be more difficult for me to start: 1) I don't know coding and even if I teach myself it will take me years to code the app. 2) I don't have money for this project 3) This car app would only succeed with a lot of marketing since part of it is social media.
The 2 paths I am thinking about are: 1) Hiring an app developer for equity and gather marketing funding once the app is ready (but I don't know developers that will work for equity). 2) Pitching the app idea to an investor with a following in the car community and hire an app developer.
Let me know what you think of this situation. Also, be honest with me if I should move on to the next idea, since I don't have the capitol or primary skill for this one.
Thanks!
A shirt that says "talk to the hand"? Tell me it's gold!
Just saw this and it came to me as inspirational in a very logical way. Am I starting a business? No.🤣 In a way, I am my own brand and that’s what I’m building, so thanks for giving takeaways even for my situation.❤ much luv from CHI TOWN!!
Just wanted to say thank you for creating this video instead of trying to sell a course like other influencers and entrepreneurs.
So inspiring. Long story short. I’m 26 years old. Been in the car business my whole life. Left to work on my own a year and a half ago. I have my LLC. I have the business model. I have a plan. I have the brains. I have everything needed to start my own dealership OTHER then the money… What would you recommend as far as finding an investor? It’s literally all I need. The investment.
Awesome Content! Can’t wait to check out the HQ! Congrats on everything!
This Man living Living Legend “. Supreme Auto Spa “ at your demand , It’ll. would be an Honor to Detail your Vehicles 😎😎😎
I have a real good niche in the solar industry. It's the EPC strategy, however we do much more highly custom stuff. Off grid systems, custom home control etc. Many EPC businesses in this industry are very cookie cutter. We are not. I'm not a billion dollar business yet, but will certainly be a multi million dollar biz by end of 2023.
One thing I think is insanely important is good partners and coworkers.
Rags to Riches is how I found this channel. This is the content I love. The rest is just a super bonus! The most under subscribed channel on the interwebs!
What an amazing honest insight into business start up, thank you, from over her in the uk, enjoying your videos immensely keep up the great work guys
Great first part. Would love to see more of this from you.
ive watched 1 minute exactly of this video and already love it. i have a feeling your gonna spit some facts
What a valuable content. I am currently taking a course ending in December in business start up. Trying to open my japanese fast food restaurant. You are a true inspiration, Steve. I am from Québec Canada, french town, practicing my english at the same time :D Killing two birds with one stone
I knew that some of these were part of the same company, and I just recently started following you on RUclips, wondered how you came into your money. My mind is blown that you are the guy that started all of this
I think this is a great expansion on the Hamilton Collection’s community orientated branding.
Seeing the process would be really insightful, in terms of the general processes of bringing a business together - not specifically the product itself.
I don’t know if it would be helpful to get into, but maybe going into the specifics of what you’ve (Steve) felt has brought you the furthered in your career. You mentioned your hard work ethic, but I mean more so in terms of just basic administrative skills, and those needed to service your business. Well, I would also like to hear about the soft skills as well. Other than hearing “that’s what she said”, I think your next most spoken words are “thank you” and “I appreciate you… “ - I’m interested in hearing how you’ve grown to
Become this, uhm, boss, for lack of a better word 😂
Also, once this is done, maybe the next series along the line could look at taking some of you HC staff through the building process of their own business, like a challenge of who’s learnt the most from Steve 😂, with more constraints that the general public can identify with - like limited capital 😂
But yeah, I appreciate where this is going - it’s pretty great ☺️
2:50 I would absolutely love to see this series. Hope to see it soon!
We love you Steve! You're truly one of a kind.
Thank you for making this video Steve, especially since I just started my own business in the automotive industry. I am a partner in a company called Indecent which is widebodying watercooled Porsches such as the 997. I hope to meet you in SEMA this year as I am debuting the first US vehicle. Everything you've said has reconfirmed my though process and I've learned some aspects I haven't considered!
Thanks for the advice, I'm 18y old and came to realize working for a boss gave me no satisfaction. So I did some research into creating my own company and launched it with a plan 2 weeks later.
Currently dealing with the first order and stoked to up my game even more!
Came across a few headache problems along the way but managed to tackle all of them so far, Definitely hyped to see what my next quarterly result will be + learning from mistakes
One question: is it smart to recruit non experienced hardworking friends over people with experience?
If you wanna make a whole lotta money don't involve friends or family with Ur biz
I love how I’m in math watch this learning stuff I’ll never use but I’m listening to Steve going okay here’s what I want to go do this love ya Steve thanks for the advice
Thanks for sharing your knowledge, wisdom and experience in light of helping others. Would you be interested in taking an express car wash model nationwide and scaling it to approximately 50 units in less than 10 years? Ebidta would be high and value of the chain would be close to $1 Billion. Strong income along the way, can hold or sell. We have 2 now and have been offered 12 X Ebidta for them. More units, higher cap rate value.
Love the fact that you give back so much. Hats off to you!! 🙏🏻
I remember the whistle tip exhaust videos from early RUclips from Oakland 😂😂 "THE WHISTLES GO WOOOOOO" "it's that whoop whooop", "that's like a alarm clock, whoooooop" 🤣🤣
Hey Steve, amazing video! The top 10% really helped me out as I’m 19 and currently working in a Publix deli. I’ve decided I want to make a career of it and soon become a Department manager and one day a manager of a store. I’ve just had trouble taking those step because I’m at a point in my life we’re there’s a lot of change coming up. Soon I’m going to have to be moving as I’m transferring from community college to a university. So I’ve been hesitant to pull the trigger on becoming a full-timer as that’s my next step in order to become a manager. I’ve also recently turned to bodybuilding and would like to compete a few times, so that’s slowed me down a bit. But this was huge to hear that advice you had in the video. It’s got me excited for the future as I’m willing to put the work in to separate myself and build the life I want.
Super helpful please make more videos like this!
No questions here.. just a massive massive thanks for a video like this.
Awesome Steve!
i made my own company and we are now valued at 5,6 billion dollars. exited for the new Bolide! and the T50 and the T50S and ofc i got the new Koenigsegg on order i live near the factory!
I’d love to spend some time near that factory!
Thanks for saying how this isn’t just drop shipping to many people go crazy about that I personally hate drop shipping as it has scammed my dad before it preys on older people with bad vision who don’t read the fine print ie shipping time
I have a group of friends who are my SHARK tank & have shown & given examples on necessity is the mother of investment & they keep pulling the plug OUT so do my dreams
Big UK London fan very inspirational Steve and the crew thanks coming to UK London anytime soon
Steve I truly think this video helped me understand a lot more in-depth on how a business actually operates. I’ve taken an accounting course at my CC and it taught me a whole lot on how the money was being used and where it was allocated to. I’m currently an Economics & Accounting major and hope to pass it as I’ve put over 3 years into it starting all the way back in the early days of HS. Will say CC paid off heavily as it’s free to go for the most part and having a starting point for a degree is wonderful, especially if you want to continue or find an interest at a university.
My question for you Steve is: Should I try to build up my capital with the good salary my university claims after I leave or should I already plan on starting up a business? I already thought about investing my money into profitable things (crypto, stock, real estate possibly, etc) but those are incredibly risky ways of making money and in fact feel more like a gamble. I personally think tweaking products that already exist is a very hard thing to do unless you hire a team and what not. I honestly don’t know what’s best and would love to hear your opinion on this as I’d love to become like you one day and own a bunch of awesome cars and potentially an entire collection! Always had such a big passion for cars and don’t know how my life would be without them.
New subscriber as of today. Most people should not be entrepreneur. My father was an entrepreneur and I was able to see what it takes firsthand. I know l make a great employee.
I seen one of your cars in downtown Lombard August 6, the license plate was “UGH WANG”.