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Re: Making money in restorations?


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Posted by JRSutton on March 02, 2012 at 15:03:45 from (75.130.109.233):

In Reply to: Making money in restorations? posted by BoCephus on March 02, 2012 at 12:33:04:

The only way you could really make any money is by shopping hard for fantastic deals on tractors that need very little work/parts.

Put a quick shine on them, then be a good enough salesman to sell them for a lot of money.

What you'd be minimizing is the labor and parts in between buying it and selling it - but it sounds like THAT'S the part you LIKE doing.

In fact, you'd make the most money by doing nothing, just buy cheap from one person, sell for more to another without doing anything in between.

Volume is your enemy - there just isn't much. Even if you were lucky and made $1000 per tractor (and you won't), how many would you have to move in a year to make it worthwhile?

Even if you COULD move one every week you'd run out of cheap tractors to buy within a few months, AND run out of nearby customers.

You'd have to start driving further, raising your costs, and your customers would have to drive further to get to you lowering their buying power. You'd be in negative territory before you know it.

I agree with others - if you want to make any money at it at all - have others pay you to restore their tractors. Skilled labor is always worth something.


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