meta_pixel
Tapesearch Logo
Log in
Earn Your Leisure

EYL #48 Paid in Full

Earn Your Leisure

EYL Network

Education, Entrepreneurship, News, Business News, Investing, Careers, Business

4.87.8K Ratings

🗓️ 12 November 2019

⏱️ 71 minutes

🧾️ Download transcript

Summary

Out of the 18,000 car dealerships in America only 1% are owned by African Americans. What Brandon Medford and his two partners Dave Obaseki and Eric Whitehead have been able to accomplish in less than two years is nothing short of remarkable.Brandon is the co-owner of PTG 365 which is an automotive company that is changing the world of car buying. The company is owned by three black men all under the age of 30 (Brandon is 27) and they have offices in New York, LA, and Miami. PTG has 57 employees and gross revenue so far this year of $5.6 million. Their goal is to have $15 million in revenue by the end of 2020.They have an extremely unique business model. They’re a car dealership but they have no car inventory. Brandon calls PTG the Uber Eats of the car industry.They have grown by leveraging social media and relationships to obtain celebrity clients and Instagram influencers. Some of their clients include Meek Mill, Rich the Kid, and A Boogie. They have been featured in Forbes, Essence, Black Enterprise and they have a Docuseries show coming to Netflix and SnapChat TV in 2020.They also have give-back programs which include credit and financial planning classes. In addition, they have a program for single moms that offers the option to obtain a car with either no money down or 90 days of no payments.In episode 48 Brandon broke down their business model, the ins and outs of owning a car dealership, he also gave insight on how to establish relationships with celebrities and influencers and he explained how they were able to scale so fast. In addition, he also spoke about the value of keeping a low overhead, not limiting yourself and empowering people. IG: @lamborghini__b --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/appSupport this podcast: https://anchor.fm/earnyourleisure/support Advertising Inquiries: https://redcircle.com/brands Privacy & Opt-Out: https://redcircle.com/privacy

Transcript

Click on a timestamp to play from that location

0:00.0

You don't need special gadgets to be a hero.

0:03.9

With unlimited 1.5% cashback on every purchase, everywhere, the Capital One Quick Silver

0:08.6

card makes you the hero of every purchase.

0:11.4

Whether it's headphones, a lounge chair, or even a well-deserved massage, whatever the

0:15.4

Quick Silver purchase, you're the hero.

0:17.9

No fighting bad guys, getting an epic card chases, or parachuting out of buildings required.

0:23.1

Simple isn't it?

0:24.3

Capital One Quick Silver card.

0:26.3

What's in your wallet?

0:27.8

On supply, see CapitalOne.com for details.

0:30.4

All right, guys.

0:33.2

Welcome back.

0:34.2

Ernie Elyse, this is going to be a special episode for us, for sure.

0:38.5

I'm excited.

0:39.5

But before we start, we got some very exciting news.

0:42.2

So DMV, everybody's going to ask us to come to the DMV.

0:45.3

If you follow Ernie Elyse, you know, we're moving around the country.

0:47.4

We want to LA.

0:48.4

We want to Houston.

0:49.4

We want to Atlanta.

0:50.4

We want to Brooklyn.

0:51.4

We want to Chicago.

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from EYL Network, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of EYL Network and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2025.