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91. Started a $1.5M Car Dealership on a Credit Card

91. Started a $1.5M Car Dealership on a Credit Card

FromThe UpFlip Podcast


91. Started a $1.5M Car Dealership on a Credit Card

FromThe UpFlip Podcast

ratings:
Length:
33 minutes
Released:
Oct 2, 2023
Format:
Podcast episode

Description

Craig Stowell turned a $400 investment into a $100,000 Ferrari by flipping cars. In this interview, he’ll share how he started his car business, Flying Wheels, and his advice for how to start a car dealership without needing a huge upfront investment. Craig has had an entrepreneurial streak since childhood. As a teenager he’d buy, fix, and sell BMX bikes, and he earned enough doing it to buy his first car. In his 20s, he quit his 9-5 job and used his car flipping skills to start his own dealership, which has become nationally recognized for its high-quality used vehicles. While Craig is a natural salesman, scaling Flying Wheels to millions of dollars in inventory wasn’t easy. He’ll talk about what he struggled with when growing his car flipping business and how building a high-performing team drove his success. He’ll also share the challenges of starting his business during a recession and how he’s navigating the issues business owners face today like inventory shortages, price hikes, and inflation. Resources:Flying Wheels - Find out more about Craig and Flying Wheels at their websiteFlying Wheels on YouTube - Connect with Flying Wheels on their YouTube channel  $500 to Start a Mobile Detailing Business - Listen to more insights in Episode 30 of the UpFlip podcast Perpetual Traffic - Learn cutting edge strategies in digital marketing from Perpetual Traffic 2024 Digital Marketing Predictions With Ryan Deiss on Perpetual TrafficRich Dad, Poor Dad - Book by Robert Kiyosaki on how people with wealth make their money work for themHow to Win Friends and Influence People - Book by Dan Carnegie that outlines strategies to change people’s minds and make them like youConnect with UpFlip: On Facebook On Instagram @UpFlipOfficial on Twitter For more insights to start, build, or grow a business, check out the resources on UpFlip.com or head to the UpFlip YouTube channel to see more interviews with business owners and experts. Thanks for listening!
Released:
Oct 2, 2023
Format:
Podcast episode

Titles in the series (100)

The UpFlip podcast is where you get to unravel how great businesses are built, how they are run behind the scenes, and how their success can be replicated. We feed on the idea that no matter what the circumstances are, the American Dream is still just around the corner. With over 100+ videos and 21 million views on YouTube, UpFlip has ignited the spark that rekindles the fire of entrepreneurship in its ever-growing 434K+ audience. Through this podcast, we aim at sharing practical nuggets of gold and brilliant advice with you by making knowledge more accessible. For more information about us and our services, please visit https://www.upflip.com.