5 Reasons Why Turo Hosts FAIL
Today, let's talk about why people fail on Turo
🚗 Learn How I Turned Car Sharing Into a Six-Figure Semi-Passive Revenue Stream: https://www.thecarsharingmasterclass.com/
__________________________________________________________
Check Out My Affiliate Partners (I Make Money From These Links):
📍 The Trackers I Use: https://www.onestepgps.com/?Aubrey-Janik
https://www.outdoorsy.com/invite/aubreyj768060/renter
🔧 Tired of Spending Money Fixing Your Car?:
https://fixd-automotive.myshopify.com/pages/aubreyjanik?
🎥 Check Out the Gear I Use to Make My Videos, Build My Van & Manage My Turo Fleet: https://amzn.to/3gBbxBE
__________________________________________________________
Time Stamps Below:
00:00 - Intro
What's up you guys, today we are going to be discussing why people fail on Turo, Turo has a notoriously bad retention rate. Meaning, hosts join the platform but a much smaller portion actually stays on the platform. So, today we will be breaking down why this is the case.
01:09 - Unrealistic Expectations
So, first and foremost is unrealistic expectations - particularly with the passive factor of this business model. Now, don't get me wrong, I do believe that Turo is a semi-passive income stream, and you can run a successful Turo business without working full or even part-time, but you will have to work. When people enter Turo with the expectation that they won't have to do any work. This is an issue and can cause them to quit or fail.
02:09 - Buying Cars Above Market Value
Regardless of what car you buy and the price of that car, the most important factor is how much you paid in relation to market value - this is so important. Overpaying for cars will kill your Turo business, you need to ensure that whatever route you go down with your fleet, whether it is the low-end economy, SUVs, Luxury, or Exotic - whatever path you pursue you need to ensure your cars are purchased below market value.
04:46 - Overleveraging Yourself With Debt
A similar process is taking on too much debt. You should never buy more cars than you can afford - it worries me when I see hosts who have 5+ cars all financed, and this is a recipe for disaster. When hosts overleverage themselves it oftentimes leads to problems.
06:24 - No Process
Another issue is not having a process, at the end of the day Turo is a business and it is always a good idea to develop a process for every aspect of the business, if you don't then you run the risk of spending too much time on this business thus not making it worth your time. Develop processes, develop systems and you will be in a good spot.
07:43 - Didn't Read the Terms of Service
Lastly, when hosts don't read the Turo Terms of Service - this is a big issue that can lead to a lot of money being lost if you aren't careful. Not following the terms of service can lead to a damage claim which can cost thousands if not tens of thousands of dollars.
09:36 - Closing
I hope you guys enjoyed this video, make sure to hit the like, subscribe, and the notification bell and I will see you guys in the next video.
__________________________________________________________
Follow Me On Instagram: @Aubrey.Janik
Follow Me On TikTok: @Aubrey.Janik
Check out My Vlog Channel: https://www.youtube.com/channel/UCQilCSjZe2dG7Yp-cRg3gTw
__________________________________________________________
Disclaimer:
I am not a CPA, attorney, lender, or financial advisor. The content in these videos should not be construed as tax, legal, or financial advice...etc, and may be outdated or inaccurate; it is your responsibility to verify all information yourself. This is a YouTube video for entertainment purposes ONLY. IF stocks or companies are mentioned, Aubrey may have an ownership interest in them – Please do not make buying or selling decisions based on Aubrey’s videos. If you need advice, please contact a qualified professional.
#Fail #Turo #Hosts
Видео 5 Reasons Why Turo Hosts FAIL канала Aubrey Janik
🚗 Learn How I Turned Car Sharing Into a Six-Figure Semi-Passive Revenue Stream: https://www.thecarsharingmasterclass.com/
__________________________________________________________
Check Out My Affiliate Partners (I Make Money From These Links):
📍 The Trackers I Use: https://www.onestepgps.com/?Aubrey-Janik
https://www.outdoorsy.com/invite/aubreyj768060/renter
🔧 Tired of Spending Money Fixing Your Car?:
https://fixd-automotive.myshopify.com/pages/aubreyjanik?
🎥 Check Out the Gear I Use to Make My Videos, Build My Van & Manage My Turo Fleet: https://amzn.to/3gBbxBE
__________________________________________________________
Time Stamps Below:
00:00 - Intro
What's up you guys, today we are going to be discussing why people fail on Turo, Turo has a notoriously bad retention rate. Meaning, hosts join the platform but a much smaller portion actually stays on the platform. So, today we will be breaking down why this is the case.
01:09 - Unrealistic Expectations
So, first and foremost is unrealistic expectations - particularly with the passive factor of this business model. Now, don't get me wrong, I do believe that Turo is a semi-passive income stream, and you can run a successful Turo business without working full or even part-time, but you will have to work. When people enter Turo with the expectation that they won't have to do any work. This is an issue and can cause them to quit or fail.
02:09 - Buying Cars Above Market Value
Regardless of what car you buy and the price of that car, the most important factor is how much you paid in relation to market value - this is so important. Overpaying for cars will kill your Turo business, you need to ensure that whatever route you go down with your fleet, whether it is the low-end economy, SUVs, Luxury, or Exotic - whatever path you pursue you need to ensure your cars are purchased below market value.
04:46 - Overleveraging Yourself With Debt
A similar process is taking on too much debt. You should never buy more cars than you can afford - it worries me when I see hosts who have 5+ cars all financed, and this is a recipe for disaster. When hosts overleverage themselves it oftentimes leads to problems.
06:24 - No Process
Another issue is not having a process, at the end of the day Turo is a business and it is always a good idea to develop a process for every aspect of the business, if you don't then you run the risk of spending too much time on this business thus not making it worth your time. Develop processes, develop systems and you will be in a good spot.
07:43 - Didn't Read the Terms of Service
Lastly, when hosts don't read the Turo Terms of Service - this is a big issue that can lead to a lot of money being lost if you aren't careful. Not following the terms of service can lead to a damage claim which can cost thousands if not tens of thousands of dollars.
09:36 - Closing
I hope you guys enjoyed this video, make sure to hit the like, subscribe, and the notification bell and I will see you guys in the next video.
__________________________________________________________
Follow Me On Instagram: @Aubrey.Janik
Follow Me On TikTok: @Aubrey.Janik
Check out My Vlog Channel: https://www.youtube.com/channel/UCQilCSjZe2dG7Yp-cRg3gTw
__________________________________________________________
Disclaimer:
I am not a CPA, attorney, lender, or financial advisor. The content in these videos should not be construed as tax, legal, or financial advice...etc, and may be outdated or inaccurate; it is your responsibility to verify all information yourself. This is a YouTube video for entertainment purposes ONLY. IF stocks or companies are mentioned, Aubrey may have an ownership interest in them – Please do not make buying or selling decisions based on Aubrey’s videos. If you need advice, please contact a qualified professional.
#Fail #Turo #Hosts
Видео 5 Reasons Why Turo Hosts FAIL канала Aubrey Janik
Показать
Комментарии отсутствуют
Информация о видео
Другие видео канала
What Trackers I Use For Turo #shortsSubscriptions are Taking Over the Automotive IndustryCarvanas Poison Pill #shortsIf I Started a Turo Fleet While Working a Full-Time JobAuto Lenders are Sounding the Alarm #shortsCar Prices Fell in AprilPeople are Falling Behind on Their Car LoansDon't Even THINK About Doing This if you have Negative EquityAlternatives to Turo #ShortsLiterally EVERYTHING You Need to Know About TuroNot Making Money on Turo?...DO THIS!10 Summer Side Hustles For Adults (21 Years Old +)5 Things to Avoid If You Want a Small Business LoanHow to Buy Cars at a Discount in 2024IMPORTANT Tax Information Every Gig Worker Should Know #ShortsThis Turo Vehicle Was DESTROYED For ViewsWhen S***T Hits the Fan on Turo!How I Manage My 19-Car Turo FleetThis NEW Turo Feature is a Game Changer! #shortsMistakes to AVOID as a New Turo Host