Are these Vloggers just a scam? SOL or Shmee etc???????

Are these Vloggers just a scam? SOL or Shmee etc???????

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InitialDave

11,856 posts

118 months

Tuesday 27th February 2018
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p1stonhead said:
Would a journo (either freelance or through a publication) not be insured for such a thing?

I think I remember Harris saying he paid an astronomical sum to get insured on one car or another and likewise with Catchpole possibly in an F1?
Insured to stack it, maybe. Killing a mechanical component? Probably not.

trowelhead

1,867 posts

120 months

Tuesday 27th February 2018
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Yipper said:
camshafted said:
monthefish said:
Andrew[MG] said:
NickCQ said:
Danxr46 said:
Tge ldn is a London banker and also fitness gym owner so is successful there
Don’t make me laugh! TGE appears to do some kind of mid level admin job at whatever bank it is that he works at. He’s got far too much free time to be one of the few people still earning decent money in a London bank.
Has he ever said that he works for a bank?
Yes, on a number of occasions. He stresses that he isn't a banker though.
He calls himself a banker at Companies House.

https://beta.companieshouse.gov.uk/officers/LrK3Ty...

He must have more than 24 hours in a day to work full-time, do the whole vlogging thing and run LDNM. Fair play.
LDNM did revenues of £1-1.5m in 2017.

Even assuming a huge net profit margin of 20%, that only gives £300k split between the 4 owners. So, less than £100k each, at best.

It's likely that they're using the cashflow to get debt or leases and that is how they are buying the cars.

If he gets £50-100k from LDNM + £50-100k from London bank admin + £20-50k from YT and elsewhere, that is still a reasonably good salary for someone in his early 30s.

Good luck to the dude. He is part of creating a successful small business, which is more than >90% of people have ever done.

http://uk.businessinsider.com/interview-with-ldn-m...
Margin will be way higher than 20% on their fitness guides which are a digital downloadable product (and main source of income it seems)

Margin on supplements will be lower, perhaps 50%. (their supplier is located near me, and i have pricelists etc from when i was looking at setting up a supps business last year)

Split 4 ways, i bet they will be drawing £100k+ dividends each easy

Finance on a fleet of supercars with the likes of lombard / jbr is easily done with those combined income sources






jon-

16,497 posts

215 months

Tuesday 27th February 2018
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Just a quick update for those of you interested in how youtube support handled my request about the "dislike bomb" on a couple of my videos.

They essentially emailed back saying there was no unusual activity on the channel and attached two graphs (views to dislikes).

These are the two graphs. Am I alone in thinking there's some pretty clear unusual activity...



anonymous-user

53 months

Tuesday 27th February 2018
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jon- said:
Just a quick update for those of you interested in how youtube support handled my request about the "dislike bomb" on a couple of my videos.

They essentially emailed back saying there was no unusual activity on the channel and attached two graphs (views to dislikes).

These are the two graphs. Am I alone in thinking there's some pretty clear unusual activity...


You´re not alone but it´s pretty well known that youtube doesn´t give a f about your channel unless you´re really big and make them a lot of money.

KHK

482 posts

83 months

Tuesday 27th February 2018
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Shmee said:
KHK said:
A bit OT but I was wonder what happens to all the supercars/luxury cars reviewers test out? Do the manufactures sell them to car brokers and end up on used car lots or are the vehicles destroyed?
They are normally either going down one of two routes.

I think most regularly when cars that are used on press events, say these new Bentaygas, they then return to base to be freshened up before heading for the dealer circuit. That gets them continued to be used for salesperson familiarisation as well as invited customer or perspective customer drives. From there they'll often his an auction between dealers before they are then onto the used market with some being held back for the manufacturer to keep on a longer term fleet, possibly in different countries.

The other is when they are so new that it's test vehicles that must be destroyed after. I've noticed this a few times but it's not very frequent, normally you'll see mention of a prototype in the documentation somewhere.
Interesting... thanks for your insight!

Yipper

5,964 posts

89 months

Tuesday 27th February 2018
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trowelhead said:
Yipper said:
camshafted said:
monthefish said:
Andrew[MG] said:
NickCQ said:
Danxr46 said:
Tge ldn is a London banker and also fitness gym owner so is successful there
Don’t make me laugh! TGE appears to do some kind of mid level admin job at whatever bank it is that he works at. He’s got far too much free time to be one of the few people still earning decent money in a London bank.
Has he ever said that he works for a bank?
Yes, on a number of occasions. He stresses that he isn't a banker though.
He calls himself a banker at Companies House.

https://beta.companieshouse.gov.uk/officers/LrK3Ty...

He must have more than 24 hours in a day to work full-time, do the whole vlogging thing and run LDNM. Fair play.
LDNM did revenues of £1-1.5m in 2017.

Even assuming a huge net profit margin of 20%, that only gives £300k split between the 4 owners. So, less than £100k each, at best.

It's likely that they're using the cashflow to get debt or leases and that is how they are buying the cars.

If he gets £50-100k from LDNM + £50-100k from London bank admin + £20-50k from YT and elsewhere, that is still a reasonably good salary for someone in his early 30s.

Good luck to the dude. He is part of creating a successful small business, which is more than >90% of people have ever done.

http://uk.businessinsider.com/interview-with-ldn-m...
Margin will be way higher than 20% on their fitness guides which are a digital downloadable product (and main source of income it seems)

Margin on supplements will be lower, perhaps 50%. (their supplier is located near me, and i have pricelists etc from when i was looking at setting up a supps business last year)

Split 4 ways, i bet they will be drawing £100k+ dividends each easy

Finance on a fleet of supercars with the likes of lombard / jbr is easily done with those combined income sources
Folk always overestimate profit margins for companies.

Alphabet, Microsoft and Apple do 30,000 to 120,000 times more revenue, and at least 2 to 6 times more revenue per employee, than LDNM... they have unimaginable scale for software, downloads, services and physical products... and their net margins struggle to get above 20-25%.

With at least 4 owners dipping into the cash pool, on modest revenues and scale, it points to modest, not big, payouts. And if they are making big payouts, then it may not be sustainable.

Either way, it's fair to say he is doing a good job for himself. All income streams combined, a crude guess suggests he's making £100-300k a year, which is pretty good for that age (any age).

slk 32

1,486 posts

192 months

Tuesday 27th February 2018
quotequote all
Yipper said:
Folk always overestimate profit margins for companies.

Alphabet, Microsoft and Apple do 30,000 to 120,000 times more revenue, and at least 2 to 6 times more revenue per employee, than LDNM... they have unimaginable scale for software, downloads, services and physical products... and their net margins struggle to get above 20-25%.

With at least 4 owners dipping into the cash pool, on modest revenues and scale, it points to modest, not big, payouts. And if they are making big payouts, then it may not be sustainable.

Either way, it's fair to say he is doing a good job for himself. All income streams combined, a crude guess suggests he's making £100-300k a year, which is pretty good for that age (any age).
I worked for the World's largest business software provider for 15 years ..margin was over 30%

As for LDNM their main product is a diet / exercise plan in a downloadable pdf. Costs for that would be negligible I would imagine

WarrenB

2,374 posts

117 months

Tuesday 27th February 2018
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Challo said:
they all comment in his video's about having to make it up to 10mins and filling the empty space.
For some reason TGE gets away with it. If Tim/Sam/Seb/James/Paul tried doing the same they'd get absolutely flamed.

Davey S2

13,075 posts

253 months

Wednesday 28th February 2018
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This is getting almost as bad as people trying to dissect Chris Harris' finances and how he got his cars a few years ago.

The cars are all on the drip so who cares? If you don't have a large mortgage and kids and have a decent salary you can get into a lot of nice metal.

I'm enjoying all the Instagram posts at the moment. I'm fairly sure its now law that you have to post a pic of your supercar out in the snow with hashtags like #NoGarageQueen #Snowmobile #DailyDriver

I think this was introduced following the successful requirement in December where you had to post a pic of your impractical sports / supercar with a Christmas Tree strapped to the top of it.

Yipper

5,964 posts

89 months

Wednesday 28th February 2018
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AJB1971 said:
Yipper said:
Folk always overestimate profit margins for companies.

Alphabet, Microsoft and Apple do 30,000 to 120,000 times more revenue, and at least 2 to 6 times more revenue per employee, than LDNM... they have unimaginable scale for software, downloads, services and physical products... and their net margins struggle to get above 20-25%.

With at least 4 owners dipping into the cash pool, on modest revenues and scale, it points to modest, not big, payouts. And if they are making big payouts, then it may not be sustainable.

Either way, it's fair to say he is doing a good job for himself. All income streams combined, a crude guess suggests he's making £100-300k a year, which is pretty good for that age (any age).
Chimes with earlier posts.

Feels more in the ballpark than the other folk who have been watching too much Wolf of Wall Street.

Edited by andy.mod on Wednesday 28th February 15:45

dannyDC2

7,543 posts

167 months

Wednesday 28th February 2018
quotequote all
jon- said:
They essentially emailed back saying there was no unusual activity on the channel and attached two graphs (views to dislikes).
Goodness. It definitely wasn't an automated response? That's shocking.

Hope I never have an issue if these are the responses you get.

InitialDave

11,856 posts

118 months

Wednesday 28th February 2018
quotequote all
dannyDC2 said:
Goodness. It definitely wasn't an automated response? That's shocking.

Hope I never have an issue if these are the responses you get.
I think all you can do is be philosophical about it, remember that it's ultimately a hobby, not your primary income stream, and if some weirdo is just so riled up by you that they want to spend real money on getting some eastern European bot net to aggressively downvote you... well, that's a bit sad, really, isn't it?

TheAngryDog

12,394 posts

208 months

Wednesday 28th February 2018
quotequote all
InitialDave said:
dannyDC2 said:
Goodness. It definitely wasn't an automated response? That's shocking.

Hope I never have an issue if these are the responses you get.
I think all you can do is be philosophical about it, remember that it's ultimately a hobby, not your primary income stream, and if some weirdo is just so riled up by you that they want to spend real money on getting some eastern European bot net to aggressively downvote you... well, that's a bit sad, really, isn't it?
Sounds like something a few PH'ers would do hehe

Beefmeister

16,482 posts

229 months

Wednesday 28th February 2018
quotequote all
AJB1971 said:
Yipper said:
Folk always overestimate profit margins for companies.

Alphabet, Microsoft and Apple do 30,000 to 120,000 times more revenue, and at least 2 to 6 times more revenue per employee, than LDNM... they have unimaginable scale for software, downloads, services and physical products... and their net margins struggle to get above 20-25%.

With at least 4 owners dipping into the cash pool, on modest revenues and scale, it points to modest, not big, payouts. And if they are making big payouts, then it may not be sustainable.

Either way, it's fair to say he is doing a good job for himself. All income streams combined, a crude guess suggests he's making £100-300k a year, which is pretty good for that age (any age).
Why do you all care so much? Do you really think it's appropriate to be showing all of this in a thread on PH? Very strange, I'd suggest you go and play in the snow outside, it's far more fun.


Edited by andy.mod on Wednesday 28th February 15:46

JordanM200

180 posts

127 months

Wednesday 28th February 2018
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Does anybody else subscribe to Connor Murphy Vlogs?

bluemason

1,070 posts

122 months

Wednesday 28th February 2018
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AJB1971 said:
I might hire you to be my next accountant

Edited by andy.mod on Wednesday 28th February 15:46

MrReg

1,930 posts

221 months

Wednesday 28th February 2018
quotequote all
Beefmeister said:
AJB1971 said:
Yipper said:
Folk always overestimate profit margins for companies.

Alphabet, Microsoft and Apple do 30,000 to 120,000 times more revenue, and at least 2 to 6 times more revenue per employee, than LDNM... they have unimaginable scale for software, downloads, services and physical products... and their net margins struggle to get above 20-25%.

With at least 4 owners dipping into the cash pool, on modest revenues and scale, it points to modest, not big, payouts. And if they are making big payouts, then it may not be sustainable.

Either way, it's fair to say he is doing a good job for himself. All income streams combined, a crude guess suggests he's making £100-300k a year, which is pretty good for that age (any age).
Why do you all care so much? Do you really think it's appropriate to be showing all of this in a thread on PH? Very strange, I'd suggest you go and play in the snow outside, it's far more fun.
I'd agree. I'd also put this down as against the PH rules.

Edited by andy.mod on Wednesday 28th February 15:46

whoami

13,151 posts

239 months

Wednesday 28th February 2018
quotequote all
MrReg said:
Beefmeister said:
AJB1971 said:
Yipper said:
Folk always overestimate profit margins for companies.

Alphabet, Microsoft and Apple do 30,000 to 120,000 times more revenue, and at least 2 to 6 times more revenue per employee, than LDNM... they have unimaginable scale for software, downloads, services and physical products... and their net margins struggle to get above 20-25%.

With at least 4 owners dipping into the cash pool, on modest revenues and scale, it points to modest, not big, payouts. And if they are making big payouts, then it may not be sustainable.

Either way, it's fair to say he is doing a good job for himself. All income streams combined, a crude guess suggests he's making £100-300k a year, which is pretty good for that age (any age).
Why do you all care so much? Do you really think it's appropriate to be showing all of this in a thread on PH? Very strange, I'd suggest you go and play in the snow outside, it's far more fun.
I'd agree. I'd also put this down as against the PH rules.
Why? The financial information is in the public domain.


Edited by andy.mod on Wednesday 28th February 15:47

AJB1971

346 posts

74 months

Wednesday 28th February 2018
quotequote all
Beefmeister said:
Why do you all care so much? Do you really think it's appropriate to be showing all of this in a thread on PH? Very strange, I'd suggest you go and play in the snow outside, it's far more fun.

I was just trying to address some of the comments in this thread. If it doesn’t interest you then that is your prerogative.

The accounts are public information. Nothing in my post is private. Anybody who chooses to trade as a limited company knows that.

TGE discusses how he finances his vehicles in the following video -
https://www.youtube.com/watch?v=dbfqphlTEig

captain-fitch

6 posts

96 months

Wednesday 28th February 2018
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egor110 said:
Don't they sell like protein powders and supplements ?
When they brought out their range of supplements, I thought the packaging looked identical to another brand (Protein World, if you can be bothered to look them up they look identical). So innocently enough, I asked on instagram if they were repackaged products and he blocked me straight away. Think I touched a nerve!
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