Ethan Duran Reveals How The Car Rental Industry Allowed Him To Build An 8-Figure Net Worth at 23

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Karishhma Mago   Contributor

Ethan Duran Reveals How The Car Rental Industry Allowed Him To Build An 8-Figure Net Worth at 23

The pandemic has fueled the fire beneath the growing rental economy, one in which individuals access features, benefits, and products without having to own any of it at the end of the day. Demonstrating what’s possible with technology and innovation, the likes of Uber, Lyft, Airbnb, Grubhub, and all the other big-name apps of our time allow users to benefit from features and products without having to make any down payments or risk financing in an otherwise unpredictable time.

It’s this very movement that has made the innovative concept of exotic car rentals more popular than ever before, and why young entrepreneur, Ethan Duran, is well on his way to capturing most of the market share as we head into 2022.

Founding exotic car rental company, Corsa Auto Rentals, which is presently dominating the exotic car rental space, Ethan discovered that the demand for exotic car rentals far outpaces the supply – even in the biggest markets in the world. Diving deeper into his discovery while building out a team around him that made his goals possible, Ethan has made 8 figures for his companies.

Passionate, hard-working, and addicted to progression, Ethan wakes up every day determined to bring his ideas to life. He won’t let anything get in his way. To have created the company he proudly owns and manages presently, Ethan stated three key components to his noteworthy exotic car rental success.

  1. Building the Right Team

For any business to run successfully, it needs to rely on a network of people who show up day after day and commit themselves to working their hardest. Without that kind of team, any business venture is doomed to fail before it has a chance to scale. Ethan understood this integral part of running his business from the start.

‘Building a team only works when you’ve made the blueprint. Once that is in place, it’s just a matter of repetition. Your team can replicate the exact blueprint you provide them repeatedly for you, so you can focus on scaling the business.’

  1. Complete Dedication and Involvement

Even though Ethan has a team that works as an extension to him, he is still regularly involved in all his businesses. Every morning, he meets with his team at 10AM for Corsa Auto Rental and then 10:30AM for Exotic Car Rental Academy. By 11AM, he meets with Corsa Media, and ensures that he is both present and available for his team. Although entrepreneurs may have a desire to step back when their business hits an 8-figure valuation, Ethan understands it’s more important than ever that he be involved in the day-to-day.

  1. Leveraging Proprietary Technology

Ethan knows what it feels like to start at the bottom and work one’s way up to the top. He started with one car and then worked his way up by investing in more cars and then better technologies and systems to improve the customer experience. WIth a competitive marketplace like Miami or Vegas you may feel that its too tough to compete but Ethan says that the demand exceeds the availability of these exotic cars so there is plenty of room for growth and marketshare. WIth the proprietary technology that automates the bookings to following up with customers to making sure their experience is seamless its all done to make everything more convenient for the client.

  1. Customer Service & Trust Is The Cornerstone Of Your Brand

The most important aspect for any business especially in a niche like the car rental space is to be able to create trust and an experience that not only gets them wanting to use you again but also refer you. The reason the exotic car rental business is so good is because when people are using this for their dreams to drive an exotic car as its affordable and they going to a club for example they want to now repeat this everytime so it becomes an easy repeat business model as well as referral generation machine. If you take care of your customers and help people get what they want then they will help you get what you want which is a famous quote by Zig Zagler.

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Karishhma Mago   Contributor