EP 121: Tips for Converting Sales at a Higher Percentage (aka "Why Can't I Earn $475,428 per year Detailing Cars?")
In this episode, we give a shout out to some of the most participatory members of our Car Flipping Forum - including Charles Chaz Dugaw, Sam Chojnacki and Erik Guerrero.
A brutal day of detailing a funk-filled Mazda had Randy questioning his being called to the DIY project - but a quick analysis of his likely hourly earnings peaked his interest again. At $228.57 an hour, he figured he could justify the time spent away from the golf course.
Erik Guerrero's direct question to Randy about how to improve his sales conversion rates opened a dialogue that we are hoping will continue on the Car Flipping Forum and possibly extend into future episodes as well. Our host admits that his long and faith-inspired view of the selling process may not fit every flipper's game plan. But no one can say that Randy is afraid to share how he is wired. ...Well, they can say what they like, but they will be wrong.
Be sure to join the Car Flipping Forum (it is FREE) if you aren't a member yet. And if you are a member - or once you become a member, be sure to get involved. It is designed to help us all get better in everyway - including making more money! And - if you really are serious about your success, consider becoming a Flipping Team Member, Flipping Partner or a Flipping Champion! You can help support the future of Flipping Genius and Flipping Genius will take a vested interest in your successful flipping! You can learn about all of this and more at our web site: www.FlppinGenius.com--- Send in a voice message: https://anchor.fm/flippinggenius/message Support this podcast: https://anchor.fm/flippinggenius/support
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EP 138: 3 Partners That Could make You Rich!
24:32Flipping Genius host Randy Lee shares his experiences developing business contacts that could allow CAR FLIPPERS to expand their business beyond their own contacts, capabilities and bankroll. Car Flippers at all levels will learn from this episode! Be sure to listen to every second and SUBSCRIBE so you don't miss any future content! Access all the other material - INCLUDING 137 MORE EPISODES of Flipping Genius, over 100 videos and the Flipping Genius exclusive RESOURCES at our website: www.FlippinGenius.com. Contact Randy directly here and at [email protected] Join the Car Flipping Forum for FREE by searching Flipping Genius on Facebook Groups - or at our website www.FlippinGenius.com Here is the video link on our YouTube channel --- Send in a voice message: https://anchor.fm/flippinggenius/message Support this podcast: https://anchor.fm/flippinggenius/support
EP 137: Reaching Out to Ask for Your Input (This is the audio version. Flipping Genius is also available in Video on Spotify and YouTube. )
13:19In the 137th episode of the Flipping Genius podcast, we examine all that has been done so far - with the goal of "HELPING OUR LISTENERS MAKE MORE MONEY" - and then we ASK for your input. As we move forward with Flipping Genius, we want to be in tune with the needs of our listeners and viewers. With that in mind, we ask that you reach out to us via email at [email protected] and/or at the Car Flipping Forum. Tell us what information you would like covered in the future. Share your stories and experiences. Request that you be a guest on a future episode. Suggest others that you would like us to interview. Please send us your comments and suggestions. We are anxious to make this the most meaningful tool available to Flippers at becoming more than they are and chasing their dreams. Be sure to visit www.FlippinGenius.com and see all that we offer, including all of out past episodes, videos and the Resources Page that will save you money and time as you build your Flipping business! Please SAVE us as a Favorite, SUBSCRIBE wherever you can so you are always alerted of new content and SHARE Flipping Genius with all of your friends REAL and VIRTUAL! Thank you for watching and listening. --- Send in a voice message: https://anchor.fm/flippinggenius/message Support this podcast: https://anchor.fm/flippinggenius/support
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EP 136: Where to start? 3 Easy First Flip Opportunities! (video version)
21:16#1 “$500 and a pair of shoes” I know you can find vehicles all over the place – and I know I have told you this before – but let’s make it simple – simple – simple! Take a walk! Keep you head on a swivel. Look for that vehicle with the flat tire, the grass up around the tires, the expired tag and/or the season’s worth of dirt, leaves or other tell-tale sign of non-use. NOW – go to the door and knock! I know I have said use a post-it note or business card before – but let’s take it to the next level and get this thing rolling. Knock on the door and get this conversation started. …When they open the door – say – “Hi, I saw the vehicle in your drive with the expired tag/flat tire/etc. and want to know if you are interested in getting rid of it” DO NOT SOUND ANXIOUS TO BUY IT – they may wind up giving it to you or even paying you to tow it away. IT Happens. Remember, we are trying to do this for $500 or less – so we need to start off with as little out of pocket as possible. Once you get the conversation started – keep that in mind. Only buy what will make you money. Do not be afraid to walk away. You hold all the cards. #2 “Make a difference in someone’s life!” You may need to make about 5 of these visits before you find an opportunity, but once you do – it will very likely lead to repeat opportunities and very likely without competition. Find a charitable organizations. Depending on the population of your area – you will find a lot to choose from. Normally – I would use the phone and possibly email to get this thing going – BUT today we are talking about taking action – so I am encouraging you to find 5, look up their address and drive there. Go inside and ask something like this “Do you accept vehicles as donations for fundraising for your organization?” …I recognize this is a little misleading – but my goal is to speak to the person who is on the actual receiving end of this donation. Hopefully the person you ask the question of will access that person and get them in to the lobby for you or at least provide you their name and number. NEXT – explain that you are interested in BUYING their donated vehicles as-is where-is. You are the CASH button that they need to get out of the headache of owning a donated vehicle that is really of no value to them until they push that CASH button! Again – remember that you are here to make a profit – so ONLY BUY what will do that for you and ONLY PAY a price that will result in that conclusion. Be fair – but be smart. Once you create this solution for them, you will be on the speed dial the next time they get a vehicle donated to their organization!! #3 “Partner Up!” Look for a small car lot or a mechanic shop and stop in. tell them you are trying to get involved with flipping cars, but are not quite ready to get a dealer’s license yet. Tell them you are looking for a vehicle that you can put a little sweat equity into and sell it for a gain. Ask if they “have anything they would be willing to be partners with you on”. This will likely be a unique offer to them – because most flippers just want to steal the deal, fix it and keep all the profits for themselves. Remember – you want to do that too – but part of what you want from them is the contact and the wealth of their knowledge and connections. That part of the equation can be worth way more than the profits on one $500 flip car. Like I said, you may need to make trips to 5 different places – and you may need to make multiple stops at one place to build rapport and trust – but it can be very, very valuable time invested! Be sure to visit www.FlippinGenius.com to hear all 136 episodes; visit the Flipping Genius RESOURCES PAGE where you can Save Big and Learn More! SUBSCRIBE to the Flipping Genius YouTube Channel and become a Flipping Team Member, Partner or Champion! --- Send in a voice message: https://anchor.fm/flippinggenius/message Support this podcast: https://anchor.fm/flippinggenius/support
EP 135: Keeping Accurate Business Records as a Car Flipper
18:26Host Randy Lee shares some ideas and techniques for being certain that you have accurate, consistent, understandable and accessible business records in your car flipping business. While it is exciting to turn a profit by buying and selling cars - it is essential to keep accurate records. Randy helps "Flippers" prepare for long-term success as they build their businesses. In episode 135 of the Flipping Genius podcast, Randy shares his methods and suggestions in an effort to help all of our listeners and viewers make more money - and KEEP more of the money they make! Be sure to SUBSCRIBE to the Flipping Genius YouTube channel and visit www.FlippinGenius.com to explore all of the video, audio, written and other information we have on hand solely for the purpose of helping Flippers Flip more profitably! Including links to our Car Flipping Forum group, our Car Flipping Car Selling Groups (all across the United States) and our resources page where Flippers SAVE MONEY and LEARN even more!! --- Send in a voice message: https://anchor.fm/flippinggenius/message Support this podcast: https://anchor.fm/flippinggenius/support
EP 134: 5 products we recommend when Flipping Cars.
33:29n this episode, Randy shares information on 5 important products that we are using in our flips that are enhancing our success. You can find information and links to all of these products and more at the Flipping Genius Resources Page. The purchase links are also posted below: 1. ANCEL ad410 Enhanced OBD II Vehicle Code Reader: https://amzn.to/3pZ9n5m 2. DEWALT DXAEC801B 30 Amp Bench Battery Charger: https://amzn.to/3wDFcEE 3. DeWalt DXAEJ14 1400 Pk Amp Professional Jump Starter: https://amzn.to/3TrolyB 4. Custom Accessories 78921 Carpet Interior Floor Mats, Grey, 4-Piece: https://amzn.to/3RkcBfw 5. Meguiar's G12310 PlastX Clear Plastic Cleaner & Polish, 10 Fluid Oz https://amzn.to/3eaP0Qb Learn more at www.FlippinGenius.com --- Send in a voice message: https://anchor.fm/flippinggenius/message Support this podcast: https://anchor.fm/flippinggenius/support
EP 133: 12 Things to NOT DO when Flipping Cars
24:3712 THINGS to NOT DO when Flipping Cars: DO NOT Project too optimistic of a selling price DO NOT Buy with your heart – buy with your head DO NOT Buy with your ego DO NOT Buy BLIND ….unless you buy CHEAP DO NOT Believe anyone! ….until they prove believable DO NOT Exaggerate your abilities – to yourself or to anyone else DO NOT Lie to your buyers DO NOT Take shortcuts that can jeopardize your buyer’s safety DO NOT Hesitate to use full disclosure. When you price it right, honesty is always in your favor DO NOT give in to buyer’s (or seller’s) sob stories DO NOT insist on making the MAXIMUM every single time. Move on to the next deal… DO NOT rely upon a giant oak tree to stop your Cadillac Learn more at www.FlippinGenius.com --- Send in a voice message: https://anchor.fm/flippinggenius/message Support this podcast: https://anchor.fm/flippinggenius/support
EP 132: Why & HOW I do what I do. A behind the scenes look with Randy Lee, Podcast Host and Car Flipper.
44:27Randy is scheduled to share this talk with business leaders in hi his community this week and thought he owed it to the Flipping Genius audience to share it with YOU first! We ask that you do 2 things for us: 1. SUSCRIBE TOTHE FLIPPING GENIUS YOUTUBE CHANNEL. 2. SHARE this episode with anyone you know who can benefit. Be sure to check out all of the episodes of the Flipping Genius, both on our YouTube Channel AND wherever you listen to podcasts - including our website: www.FlippinGenius.com Here are some of the tools that Randy mentions in this episode: www.Anchor.FM www.WIX.com www.GoDaddy.com www.FlippinGenius.com www.Patreon.com www.Tradebank.com www.ITEX.com https://www.facebook.com/groups/carflippingforumbyflippinggenius --- Send in a voice message: https://anchor.fm/flippinggenius/message Support this podcast: https://anchor.fm/flippinggenius/support
EP 131: 5 Flipping Tricks Than Will make a 500% Return On Your Investment!
36:23In this episode, our host shares five (5) common flipping repairs and improvements that could return more than 5 times the amount you invest! What's more - these are 5 things that virtually anyone could do or have done! Randy reminds us that we "make our money when we spend it" - and that is not JUST when we buy the vehicles we flip, but when we decide which repairs and reconditioning projects we are going to invest in as well. Be sure to subscribe to the Flipping Genius YouTube Channel, join the Flipping Genius Car Flipping Forum Group, save the Flipping Genius podcast as a favorite wherever you listen, visit the Flipping Genius website OFTEN and share Flipping Genius with all of your friends on Social media and elsewhere! Car Flipping Forum: https://www.facebook.com/groups/carflippingforumbyflippinggenius Flipping Genius Podcast on Spotify: https://open.spotify.com/episode/3f89NXoMXUcqb59cknAmMh Flipping Genius Website: https://www.flippingenius.com/home-1 Flipping Genius YouTube Channel: https://www.youtube.com/channel/UCqUS22WTBfcRm9olZsgdnWA --- Send in a voice message: https://anchor.fm/flippinggenius/message Support this podcast: https://anchor.fm/flippinggenius/support
EP #130: Knocking on Doors to FIND DEALS ...and 9 Little Things that will lead to BIG Money on your next flip!
45:53Flipping Genius is THE Podcast about Car Flipping. In the 130th episode, host Randy Lee shares some insights of his own along with those of some of the members of the Flipping Genius Car Flipping Forum (FREE To Join!!). Learn how good, old-fashioned "door-knocking" can lead to some deals that won't be had any other way! Next, learn at least 9 ways that little improvements and investments can lead to large improvements in your profitability! Be sure to subscribe to the Flipping Genius YouTube Channel, join the Flipping Genius Car Flipping Forum Group, save the Flipping Genius podcast as a favorite wherever you listen, visit the Flipping Genius website OFTEN and share Flipping Genius with all of your friends on Social media and elsewhere! Car Flipping Forum: https://www.facebook.com/groups/carflippingforumbyflippinggenius Flipping Genius Podcast on Spotify: https://open.spotify.com/episode/3f89NXoMXUcqb59cknAmMh Flipping Genius Website: https://www.flippingenius.com/home-1 Flipping Genius YouTube Channel: https://www.youtube.com/channel/UCqUS22WTBfcRm9olZsgdnWA --- Send in a voice message: https://anchor.fm/flippinggenius/message Support this podcast: https://anchor.fm/flippinggenius/support
EP 129: Answering Your Q's: Which Cars are the BEST cars to flip? Can WOMEN become Flippers? Why or Why Not?
43:23In the 129th episode of the Flipping Genius podcast - the #1 podcast about Flipping Cars for a Significant profit - Randy answers listener questions that ought to help us all make more money! Here are the questions: Gordon from Maine: “What vehicles are the best vehicles to flip?” French from Florida: “Will you consider buying vehicles that need total engine and/or transmission swaps? When? Why? How?” Gilbert from, Texas: “Are there alternative methods to following the traditional routes to becoming a licensed dealer that you recommend? Are there ones that you don’t recommend?” Donna from Tennessee: “It seems like the car flipping business is sort of an “All Boys Business”. Do you think that a woman will have a chance getting into this?” Pete from California: “Do you offer coaching or one on one training? If so, how does that work?” Next Randy shares 3 Business Leaders that he admires and emulates: Lisa Smith, Matt Lee and Ace Chapman. Listen all the way until the end for ways we can all become more like these three! Thanks for listening to episode 129 of Flipping Genius. You can find all of the episodes at our web site as well as on all of the podcast sources – like Apple, Spotify, Podcast Addict, iHeart Radio, Castbox and more. You can watch most of our podcasts and lots of other videos at the Flipping Genius YouTube channel. Just search Flipping Genius on YouTube and SUBSCRIBE so you will have access to everything – including my almost daily short videos that are regularly posted on Facebook and TikTok too. Please save us as a favorite wherever you are listening. If you haven’t joined the Car Flipping Forum yet – remember, it is FREE. Just search Flipping Genius on Facebook Groups. Answer 3 simple questions so I know you are not a scammer or spammer and you are in. Once you are there, I ask you to participate. Together we will all get better at this Flipping Business and all make more money. And THAT is the number 1 goal of the Flipping Genius! To help our listeners make more money! Hey – let’s work together, let’s make some money – let’s all become Flipping Geniuses! Visit www.FlippinGenius.com to benefit from all we our listeners, viewers, subscribers, followers, teammates, partners and champions. --- Send in a voice message: https://anchor.fm/flippinggenius/message Support this podcast: https://anchor.fm/flippinggenius/support