From $0 to $175K/Month with a Car Rental Business (Pt. 2)

Do you love classic or exotic cars? Does your back tingle at the sound of a Lamborghini Huracan Spyder? Car lovers and entrepreneurs—Listen up! Ronnie Danelian, owner of Legends Car Rentals, is going to tell you how to combine work and play. Ronnie was a car enthusiast for as long as he can remember, but in 2015, he and partners started Legends Car Rentals with just a small collection of classic cars. Five years later, it’s LA’s premier luxury and classic car rental service and nets over $175k a month! In part two of our interview, we’re digging deeper into how to start a rental car business. Ronnie will talk about startup costs and ongoing expenses. He’ll tell you what the monthly overhead is for a luxury car rental business. We’ll also talk to Ronnie about how his work week developed from when he first started out, to how many hours he now puts in every week. He’ll also tell us about his most successful marketing and advertising campaigns. Building a base with high-end clientele and celebrities has been key to the success of Legends. Ronnie is giving us his insights on how to create a loyal customer base and his approach to generating repeat business. You’ve probably seen some of their fleet in your favorite movies and music videos. Even Kendall Jenner was spotted driving their ’65 Mustang. This interview is full of amazing business insights and one we consider—dare we say it?—legendary! If you’ve ever wanted to know how to start a car rental business, don’t miss this interview! If you missed part 1, you can watch it here ►    • From $0 to $175K/Month with a Car Rental B...   💥 Most New Businesses Fail From Guessing 💥 UpFlip Accelerator gives you the system to launch faster and get clients sooner. 👉 https://www.upflip.com/accelerator Or start FREE with our quick-start trainings ↓ 🧽 How to start a $140k/month cleaning business - https://learn.upflip.com/cleaning-bus... 🥤 How to start a $50K/month vending business - https://learn.upflip.com/the-vending-... 🖌️ How to start a million-dollar painting business for under $1K - https://learn.upflip.com/how-to-start... 🚛 How to start a $10k/month moving and junk removal business - https://learn.upflip.com/moving-and-j... 🔑 How to start a $8K/month mid-term rental business - https://learn.upflip.com/the-mid-term... 🏠 How to make $248K in tax-free profit from building and selling homes - https://learn.upflip.com/the-builders... 🗺️ How to make $25K in one deal buying and selling land - https://learn.upflip.com/land-flippin... OR… 🎓 Join UpFlip Academy to “copy-paste” the top million-dollar service businesses you can start in weeks and profit from in months - https://links.upflip.com/academy-yt More UpFlip Official Resources: 📕 FREE access to 137 Most Profitable Businesses - https://links.upflip.com/137-business... 🎙️ Follow the UpFlip Podcast - https://links.upflip.com/podcast-yt 📩 Join the UpFlip Newsletter - https://links.upflip.com/newsletter-yt 👉 Check out Ronnie’s business - https://legendscarrentals.com Timestamps: 0:00 Intro 0:46 What we need to know 2:07 Percentage of new customers 3:22 Stability of revenue 4:42 Blitz 6:24 Recouping the cost of a car 7:44 Tip on picking the right car 8:19 Most difficult thing about running the business 9:12 Most profitable and least profitable car model 10:23 Biggest problem in this industry 11:40 Advice from Ronnie 12:49 Outro #carrental #carrentalbusiness #carrentalstartup