How A YouTube Car Reviewer Sold His Company For $80M | Doug DeMuro (#456)

ℹ️ EPISODE INFO

Released

May 16, 2023

Duration

1h 17m

Channel

My First Million

Watch on YouTube

▶ Open ↗

📝 EPISODE DESCRIPTION

No more small boy spreadsheets, build your business on the free HubSpot CRM: https://mfmpod.link/hrd - Episode 456: Sam Parr (https://twitter.com/theSamParr) and Shaan Puri (https://twitter.com/ShaanVP) talk to Doug DeMuro (https://twitter.com/DougDeMuro) founder and creator of the popular YouTube channel Cars and Bids, about selling the majority of his company for $40 Milllion, competitors, and more. — Check Out Shaan's Stuff:

• Shaan's weekly email - https://www.shaanpuri.com
• Visit https://www.somewhere.com/mfm to hire global talent (like Shaan does) and get $500 off for being an MFM listener. Hire developers, assistants, marketing pros, sales teams and more for 80% less than their US equivalents.

— Check Out Sam's Stuff:

• Hampton - https://www.joinhampton.com/
• Ideation Bootcamp - https://www.ideationbootcamp.co/
• Copy That - https://copythat.com
• Hampton Wealth Survey - https://joinhampton.com/wealth

💰 Pitch your startup for a shot at a $1M investment with Sam Parr as the MC https://clickhubspot.com/pitch ----- Links:

• Cars and Bids - https://carsandbids.com/

• Cars and Bids YouTube - https://www.youtube.com/channel/UCsqjHFMB_JYTaEnf_vmTNqg

• Exotic Car Hacks - https://www.exoticcarhacks.com/

• DrDisRespect - https://www.youtube.com/channel/UCcJL2ld6kxy_nuV1u7PVQ0g

• WhistlinDiesel - https://www.youtube.com/@whistlindiesel 📧: Sign up for The Hustle Daily Newsletter: https://mfmpod.link/xon 🎙️: Download Our Podcast: https://link.chtbl.com/Xq6lWi3m A podcast where we brainstorm new business ideas based on trends & opportunities we see in the market. Sometimes we have famous guests, and they do it with us. ------ Show Notes: (00:00) - Intro (00:18) - Intro to Doug (03:13) - The key to building trust (07:50) - When was the turning point for your channel? (14:26) - Why did you think you could beat Bring A Trailer? (16:31) - How creator business partnerships work (27:07) - How does your brand change as you gain wealth? (47:37) - How does it feel to be wealthy? (52:11) - Doug's feud with Car Dealer Guy (01:08:04) - Will Doug ever fly private? (01:09:38) - Sam gets flustered by Doug ----- For more quality videos subscribe here ➡https://www.youtube.com/channel/UCyaN6mg5u8Cjy2ZI4ikWaug?sub_confirmation=1 🔔 Turn on notifications to stay updated with new uploads #shorts #youtubeshorts Like || Share || Subscribe

🎤 SPEAKERS

• Sam Parr

  host

  Co-host of the My First Million podcast and entrepreneur/interviewer.

• Doug DeMuro

  guest

  YouTube car reviewer and founder of the car auction marketplace Cars & Bids.

• Shaan Puri

  host

  Co-host of the My First Million podcast, tech/consumer-business focused entrepreneur and interviewer.

🧾 EPISODE SUMMARY

In this episode of My First Million, featuring Sam Parr and Doug DeMuro, How A YouTube Car Reviewer Sold His Company For $80M | Doug DeMuro (#456) explores doug DeMuro on Building Cars and Bids and Selling to Chernin Doug DeMuro says his YouTube channel succeeded with little strategy, relying on information-dense, low-production car reviews, and a switch to two videos a week in 2016 made it a viable living.

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