HOW I GET TO OWN A BMW M4 COMPETITION FOR FREE WHILE IN COLLEGE...

Summary

In this video, the creator explains how they manage to own a 2022 BMW M4 Competition for essentially free. By monetizing the car through content creation and promoting their two businesses, Motivo Ming and Motivo Forged, the car's monthly payments are covered. The video emphasizes the importance of presentation in marketing, especially for new businesses, and advises entrepreneurs to start simple, avoid overspending, and reinvest profits for growth. Ultimately, the creator blends business strategy with personal passion, offering a relatable approach to balancing aspirations and financial prudence.

Takeaways

• 😀 The BMW M4 competition is owned by the speaker through a combination of YouTube revenue and two personal businesses.
• 😀 The car costs $80,000, and the monthly payment is $942, which is covered by YouTube income and business earnings.
• 😀 YouTube plays a central role in monetizing the car, turning it into a marketing asset to promote products and businesses.
• 😀 The speaker's businesses, Motivo Motoring and Motivo Forged, provide additional financial support to cover the car payment if YouTube earnings fall short.
• 😀 The main justification for buying the car was to use it as a tool for business growth, not just personal desire.
• 😀 Presentation is key when promoting products—high-quality products should be associated with high-quality imagery and branding to build trust.
• 😀 Starting a business should be done in a simple and cost-efficient way. Avoid overspending in the early stages.
• 😀 When starting a business, focus on what you actually need rather than unnecessary expenses or excessive investments.
• 😀 People often make assumptions about the quality of a product based on its presentation, so it’s crucial to market your brand effectively.
• 😀 To avoid financial setbacks, don’t over-leverage yourself with unnecessary liabilities like expensive cars or loans in the early stages of business.
• 😀 Online success takes time and effort, and comparing yourself to others can create unnecessary pressure. Focus on your own growth and journey.

Q & A

How does the speaker own the BMW M4 competition for $0 a month?

The speaker owns the BMW M4 Competition by monetizing the car through content creation on their YouTube channel and their two businesses, Motivo Motoring and Motivo Forged. The earnings from these sources cover the car's monthly payment.

What is the monthly car payment for the BMW M4 Competition?

The monthly car payment for the BMW M4 Competition is $942.

What role does YouTube play in paying for the BMW M4?

The speaker's YouTube channel generates revenue that helps cover the $942 monthly payment for the BMW M4. If YouTube doesn’t generate enough income in a given month, their two businesses step in to make up the difference.

What businesses does the speaker own?

The speaker owns two businesses: Motivo Motoring, which sells carbon fiber parts for BMWs, and Motivo Forged, which sells wheels.

Why did the speaker choose the BMW M4 Competition specifically?

The speaker chose the BMW M4 Competition because they believed it would help them achieve their business and YouTube goals. The car also serves as a powerful marketing tool for their products and content.

What is the main strategy behind purchasing the BMW M4?

The strategy behind purchasing the BMW M4 was to use it as an asset, not just as a luxury item. The car serves as a marketing tool to promote the speaker's businesses and YouTube channel, thus justifying the purchase.

How does the BMW M4 help in marketing the speaker's businesses?

The BMW M4 helps market the speaker's businesses by showcasing the products, like wheels and carbon fiber parts, on a high-quality vehicle. It enhances the presentation of the products, making them appear more premium, which is crucial for building trust with potential customers.

What advice does the speaker give about starting a business?

The speaker advises to start businesses in the simplest, most cost-efficient way possible. They recommend avoiding unnecessary expenses and not over-leveraging yourself financially, especially when first starting out.

What does the speaker say about the importance of presentation in business?

The speaker emphasizes that presentation is crucial in business. They explain that how products are presented—such as in a nice setting or with a premium vehicle like the BMW M4—affects people's perception of quality, which is vital for building a good reputation and brand trust.

What does the speaker suggest for someone wanting to start a clothing brand or similar business?

The speaker suggests starting a clothing brand with minimal investment by setting up an online store, perhaps using a platform like Shopify, and avoiding the temptation to overspend on inventory, store setup, or loans. They recommend using methods like pre-orders or starting with small quantities to test the market.