#carwrap Are you looking to start a car wrapping business? In this video, we explored how you can start this business and then grow it to $476K a year in revenue! See the steps below:

1. Before you get into formally starting this business, you need to understand how you will bring in business. You can have best business idea, the best equipment, the best shop, but if no one knows you are in business then you can't make any money.
- Marketing Ideas:
-- Starting on the side and building a loyal customer base
-- Facebook Page
-- Website with SEO to show up on Google
-- Retail Location with Sign
-- Cold Calling Businesses that may need wraps
-- Google Ads

2. Legal Up! Create an LLC, buy insurance, create customer contracts. Most people skip this step. Remember to protect the ship!

3. Create a budge for equipment, lease, marketing, and other expenses. Set Sales Goals and run a Proforma Cashflow analysis.

***How to make $476,000 a year in this business***
- With the average wrap revenue being between $2K - $6K, we will use $3K for our analysis.
- We will also assume that it will take 2 days to do a wrap.
- To hit $476K, you will need to do 40 wraps a month.
- You will need 3.33 people (4 people) doing 3 wraps a week or 12 wraps a month.
- Using You as the owner as an employee, and an average salary of $40,000, you will have $120K in salary.
- Expenses:
- $120K in salaries
- $18K a year in rent
- $31,800 in raw materials (wrap) - $200 per wrap / 159 wraps
- $10,000 in expenses
Total Expenses: $179,800.

Revenue: $476,000
Expenses: $179,800
PROFIT!: $296,000!!!!

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