James Sinclair's Business Broadcast £80k/month Campervan Conversions Struggling with Cashflow
Dec 19, 2024
Fraser Johnson, the owner of Wildworks Customs, shares insights from his campervan conversion business that rakes in £80k a month. He dives into the crucial challenges of cash flow, exploring financing strategies and the shift from custom builds to standardized designs. The discussion includes the importance of personal growth mindset and innovative sales strategies, such as sourcing materials internationally to boost competitiveness. With humorous anecdotes and practical tips, they uncover how to navigate the complexities of running a profitable campervan business.
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Business Model Shift
- Fraser's campervan business has shifted from custom builds to standardized models.
- This change aims to improve scalability and profitability.
Rental Fleet Model
- Consider a rental fleet model, renting campervans for a year then selling them.
- This generates extra income and potentially allows selling the vans at the original price.
Sourcing Vans
- Buy vans brand new from the manufacturer for conversions.
- Try to secure favorable financing options due to high stock finance interest rates.