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Jerry Xiong

Learn how to run your Turo business from LA's top rated Turo Powerhost.

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Learn how to run your Turo business from LA's top rated Turo Powerhost.

In this course I will teach you everything I know about running a business on Turo. If you're looking to make additional money using resources you already have, this course is perfect for you. From personal experience I went from being a broke college student to funding vacations around the world within a few years using various sharing economy apps. While the journey is long and arduous, the rewards are great. I will show you all the mistakes that I made when I first started so you can save time and money when you tackle these opportunities as well.

You'll learn how to:

1. Purchase or lease cars to get amazing deals

2. Customer service skills to secure 5 star ratings

3. Ways to diversify your income as a Turo host

4. How to optimize your Turo listing

5. Access to financial statements you can use for your own business

6. How to maximize the revenue you receive from Turo

7. Pros and cons of being a commercial host

And more.

This course is targeted to ANYONE who wants to make money from Turo(whether you have a full time job or are a full time entrepreneur). I will go over the basics and teach you industry secrets so whether you are a beginner or an expert there's a lot of information that can be learned. This course will prepare you for all of the challenges that you will face when operating a fleet of cars on Turo. I'm not here to sell a get rich quick scheme. If you're dedicated and willing to apply the information I provide here - I have no doubt you will be successful in your future endeavors. If you're interested in getting 1 on 1 consultations don't hesitate to reach out.

*This course will be constantly updated in the coming months to include features like Turo GO.

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What's inside

Learning objective

You will be able to confidently manage many sharing economy applications. you will be prepared to tackle any challenge that arises.

Syllabus

Introduction

Hello everyone! This video is a short introduction about myself. It's not very relevant to the course so if you don't have the time you can skip it without missing any content. I will attach Earnings reports to show that the course is still relevant.

Quick Summary:

Ohio State 2015

Turo Powerhost

Airbnb Superhost

E-commerce site owner

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What do you want to accomplish? Do you want to make money on the side or work your way up to owning your own rental agency? In this course I will show you how I run my business and you can also make money renting your cars on Turo.

Turo, Getaround, Hyrecar, and other sharing economy apps. Optimize the way you spend the time to capture the most amount of income.

Want a one on one consultation? As long as you haven't registered on GetAround or AirBnB I will give you a free half of consultation if you sign up using my referral links.

If you're interested in learning more about the services I offer, here is a quick list of how I can help you start or optimize your business.

Consultation: $59 for 30 minutes $99 for 1 hour

Turo listing creation: $25

Airbnb listing optimization: $49

Sharing Economy App management: 10-30% of monthly revenue

Auto Broker: $99 (I just tell you the best price and the way to negotiate with dealer. I will call the dealer to set up the deal for the car) $299 (if you're in LA I will help you get the best price for any car. Find your best quote and I guarantee I'll save you more than double the cost of my service)

Visit my site: Sharingeconomysecrets.com if you have any other questions or reach out in the comment section here.

Here's how you ensure you get the best price for your first car. Make sure you don't overpay for a car. I would consider this one of the most important lessons on making sure your business is profitable. Every dollar saved here is a dollar earned. Please watch this module several times and refer back to it before making a decision on a car. If you need help with negotiations I can do it on your behalf if you either used my referral link to sign up or pay a broker fee. 

Looking to make extra money when you have down time as a Turo host?

Options like Airbnb, Uber/Lyft, and auto brokering can increase the amount of money you make.

Thank you for making it all the way to the end of my first Turo course. Over the coming months I will be adding additional information and improving the quality of each module. If you have any feedback please don't hesitate to contact me directly at [email protected] or post through a comment. I want to make sure this course helps you on your Turo journey. If you are unsatisfied for any reason, please submit a ticket and I will do everything in my power to make it right.

I hope you guys enjoyed this class. You can leave any feedback you have here on Udemy or at my blog SharingEconomySecrets.

Resources:

Facebook Groups: Turo Talk (run by Turo themselves) and Turo Owner Car Rental Discussion Group Tips and Tricks

Traffic lights

Read about what's good
what should give you pause
and possible dealbreakers
Provides insights into leveraging sharing economy apps like Turo, Getaround, and Hyrecar, which can be valuable for those looking to maximize income streams
Covers strategies for optimizing Turo listings, which is essential for attracting customers and increasing revenue on the platform
Explores diversification of income streams for Turo hosts, including options like Airbnb, Uber/Lyft, and auto brokering, which can enhance profitability
Includes guidance on customer service skills to secure 5-star ratings, which is crucial for building a positive reputation and attracting repeat business
Discusses the pros and cons of becoming a commercial host, which is important for those considering scaling their Turo business
Offers access to financial statements for business use, which may be helpful for managing finances and tracking performance

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Reviews summary

Practical guide to starting a turo car rental business

According to learners, this course offers a practical and actionable guide to starting and running a Turo fleet business. Students praise the instructor's real-world experience and his willingness to share mistakes, finding the advice on pricing, listing optimization, and customer service particularly valuable and effective. Many feel it provides a solid foundation, especially for beginners or those looking to manage their first few cars. While the information is considered useful overall, some more experienced hosts found the content a bit basic and desired more advanced strategies for significant scaling. A few reviewers also noted that the introduction and outro felt like promotions for the instructor's other services. Overall, the course is seen as a highly useful resource for those serious about entering the Turo business.
Excellent starting point for newcomers to Turo.
"Good comprehensive overview for beginners. Covers all the essentials..."
"This course is a great place to start if you're new to Turo..."
"If you're a complete beginner, maybe it's useful..."
Instructor shares valuable real-world insights.
"The instructor, Jerry,... His real-world examples... were invaluable. I appreciate that he shared mistakes..."
"Instructor clearly knows his stuff."
"The instructor shares his direct experience which is the main value."
Provides concrete steps for starting a business.
"This course is a goldmine! The instructor... provides incredibly practical and actionable steps for starting and scaling a Turo business."
"This course gave me practical steps I could immediately apply to my Turo business."
"His tips on getting 5-star ratings are practical and effective. I feel much more confident..."
Mentions other services and referral links.
"...some sections felt a bit like promotions for the instructor's other services or referral links."
"The focus on getting referrals in the intro felt unprofessional."
"The introduction and outro sections felt a bit like a pitch for other services."
May lack depth for highly experienced hosts.
"Some parts felt a little basic for someone who had already started listing a car..."
"Honestly, I was hoping for more advanced tactics... lacked depth."
"If you're already an experienced host, some of the content might feel basic."

Activities

Be better prepared before your course. Deepen your understanding during and after it. Supplement your coursework and achieve mastery of the topics covered in A to Z Turo: Comprehensive Guide for running a fleet of cars with these activities:
Review Basic Car Maintenance
Reviewing basic car maintenance will help you better understand the costs associated with running a Turo fleet and allow you to handle minor issues yourself, saving time and money.
Show steps
  • Watch videos on basic car maintenance procedures.
  • Read articles about common car problems and their solutions.
  • Familiarize yourself with the parts of a car.
Read 'Negotiating for Dummies'
Reading 'Negotiating for Dummies' will improve your negotiation skills, helping you secure better deals on cars and other business expenses.
View Melania on Amazon
Show steps
  • Read the book and take notes on key negotiation strategies.
  • Practice negotiation techniques in real-life situations.
  • Reflect on your negotiation experiences and identify areas for improvement.
Read 'The Lean Startup'
Reading 'The Lean Startup' will provide a framework for efficiently managing and growing your Turo business by focusing on validated learning and continuous improvement.
Show steps
  • Read the book and take notes on key concepts.
  • Identify ways to apply the Lean Startup principles to your Turo business.
  • Experiment with different strategies and track your results.
Four other activities
Expand to see all activities and additional details
Show all seven activities
Create a Financial Model for Your Turo Business
Creating a financial model will help you understand the profitability of your Turo business, forecast future earnings, and make informed decisions about expanding your fleet.
Show steps
  • Gather data on your current expenses and revenue.
  • Project future expenses and revenue based on different scenarios.
  • Calculate key financial metrics such as ROI and payback period.
  • Analyze your financial model and identify areas for improvement.
Simulate Customer Interactions
Practicing customer interactions will improve your customer service skills and help you secure 5-star ratings.
Show steps
  • Role-play common customer scenarios with a friend or family member.
  • Focus on active listening and clear communication.
  • Practice handling difficult or unexpected situations.
Write a Blog Post on Turo Host Best Practices
Writing a blog post will solidify your understanding of Turo host best practices and allow you to share your knowledge with others.
Show steps
  • Research Turo host best practices.
  • Outline your blog post and write a draft.
  • Edit and proofread your blog post.
  • Publish your blog post on a platform like Medium or LinkedIn.
Develop a Standard Operating Procedure (SOP) for Car Cleaning
Developing an SOP will ensure consistent car cleanliness, leading to higher customer satisfaction and better ratings.
Show steps
  • Research best practices for car cleaning and detailing.
  • Create a step-by-step guide for cleaning your cars.
  • Include specific instructions on products to use and areas to focus on.
  • Train your cleaning staff (if applicable) on the SOP.

Career center

Learners who complete A to Z Turo: Comprehensive Guide for running a fleet of cars will develop knowledge and skills that may be useful to these careers:
Turo Host
A Turo Host manages car rentals on the Turo platform, similar to managing a small car rental business. This course is exceptionally helpful for aspiring Turo hosts as it provides instructions on how to optimize listings, handle customer service, and maximize revenue. The course details financial best practices for Turo, as well as tips to ensure five-star ratings, which are imperative for Turo Host success. The course is particularly useful for those looking to optimize their approach to managing a fleet using the secrets revealed in this course.
Rental Car Business Owner
The role of a Rental Car Business Owner is to manage all aspects of a car rental business, from vehicle acquisition to customer service. This course provides knowledge vital to success including how to acquire vehicles, optimize listings, and ensure customer satisfaction. A rental car owner will learn from this course how to navigate sharing economy apps to maximize income and understand the pros and cons of different approaches to business. The financial statements provided in the course are also uniquely helpful for a Rental Car Business Owner.
Sharing Economy Consultant
A Sharing Economy Consultant provides advice and guidance to individuals and businesses looking to leverage sharing economy platforms. This course, with its focus on Turo, provides a very specific use case for consultants to leverage. The course provides essential guidance in how to optimize listings, handle daily operations, and convert to commercial host status, all of which are highly relevant areas of expertise for a consultant advising on the sharing economy. A consultant should learn from the course's exploration of the various methods to diversify income streams.
Small Business Owner
A Small Business Owner manages all aspects of a small business, often involving multiple roles. This course helps a small business owner by directly teaching strategies to increase revenue and optimize operations for a car-sharing business on Turo through detailed lessons on market research, price analysis, and customer relations. A small business owner can benefit from the course's discussion on daily operations and how to expand a fleet, as well as the financial statements provided.
Fleet Manager
A Fleet Manager oversees a group of vehicles, ensuring they are well-maintained and used effectively. This course provides a robust introduction to managing a fleet of cars on Turo. Fleet managers will gain insights into the daily operations, customer service, and optimization of vehicle listings, which are useful in general fleet management. The course's focus on how to maximize revenue from resources a fleet manager has already is highly relevant.
Customer Service Representative
A Customer Service Representative works directly with customers to solve problems and provide support. This course provides an overview of customer satisfaction and communication techniques, particularly in the context of customer service on a sharing platform. The course details how to secure five-star ratings, providing real steps to enhance the success of Customer Service Representatives in a related field. A customer service representative may find the specific examples in the course very beneficial to their career goals.
Entrepreneur
An Entrepreneur identifies opportunities and takes initiative to develop and manage a business venture. This course may be useful for an entrepreneur looking at new revenue streams. The course provides a blueprint for setting up and running a car rental business using Turo, covering vehicle acquisition, listing optimization, and operational management. The course is valuable for an entrepreneur by providing a concrete example of a successful business, as well as offering strategies for revenue diversification.
Operations Manager
An Operations Manager ensures the smooth and efficient running of a business's daily activities, focusing on streamlined processes. This course details how to optimize operations for a Turo business, which can be helpful for an operations manager. It may help to inform their approach to process design and improvement, particularly in areas of daily operations. The course's content on financial statements and maximizing revenue is invaluable for someone designing operations for profitability.
Business Development Manager
A Business Development Manager focuses on strategic growth and identifying new business opportunities, which often involves revenue enhancement and market expansion. While this course focuses on Turo, the course's treatment of income diversification and revenue maximization techniques can be broadly useful. A Business Development Manager will find the discussion on market research and price analysis of interest to their daily work and may find new areas for exploration. The course may be useful to find new approaches.
Transportation Coordinator
A Transportation Coordinator organizes and oversees the movement of people and goods, which can involve managing fleets of vehicles; this course may be useful to a Transportation Coordinator. The course provides insights into the operational aspects of managing a fleet on a sharing platform, including daily operations and vehicle acquisition, which can provide an example within the transportation industry. While the business model is specific to Turo, relevant best practices may be applied to a broader management context.
Financial Analyst
A Financial Analyst provides analysis and insights into business financial performance. This course may be useful as it provides financial statements and advice about maximizing revenue. The course emphasizes profitability, and the data provided can be useful for someone in a financial role. A financial analyst, in particular, can glean insights about creating financial models and forecasts from the real-world examples used in this course.
E-commerce Manager
An E-commerce Manager oversees online sales and marketing, which often involves optimizing listings and customer relations. While this course is specific to Turo, it may be useful to an e-commerce manager to offer a framework for building a customer base. The course covers listing optimization and customer service, which are relevant skill sets for e-commerce, and offers examples of generating revenue through online platforms. An e-commerce manager may find the course helpful to generate new ideas.
Marketing Specialist
A Marketing Specialist works on promoting goods or services, developing strategies to attract new customers and enhance brand awareness. This course may be useful for gaining insight about how to optimize listings and reach a target audience. A marketing specialist might find the examples in the course valuable when applied to their work in marketing. The material may be helpful when brainstorming new strategies.
Auto Broker
An Auto Broker assists clients in buying or selling vehicles, negotiating deals, and providing market insights. This course offers a guide to purchasing or leasing cars to maximize revenue, which may be useful to an auto broker. The course includes financial statements, which might be helpful when making sales. While the course's primary focus is Turo, an auto broker may find the material helpful when negotiating deals for clients.
Real Estate Agent
A Real Estate Agent helps clients buy, sell, or rent properties, often involving customer service and business management skills. This course may be useful as it explores how to manage a business on a sharing platform. Although the focus is car rentals, several practices such as customer relations and creating listings are broadly applicable to other sharing-based industries. A real estate agent may find some of the lessons helpful when applied to the rental of properties.

Reading list

We've selected two books that we think will supplement your learning. Use these to develop background knowledge, enrich your coursework, and gain a deeper understanding of the topics covered in A to Z Turo: Comprehensive Guide for running a fleet of cars.
Introduces the Lean Startup methodology, which emphasizes validated learning, rapid experimentation, and iterative product releases. It's highly relevant to building and scaling a Turo business. The principles of minimizing waste and continuously improving your operations can be directly applied to managing your fleet and optimizing your listings. This book provides a framework for making data-driven decisions and adapting to changing market conditions.

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