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Re: Re: MAKE LIVING TRADING, FIXING IRON???


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Posted by Rusty Jones on December 26, 2003 at 11:13:33 from (209.195.140.71):

In Reply to: Re: MAKE LIVING TRADING, FIXING IRON??? posted by kyhayman on December 25, 2003 at 19:17:22:

So you want to make a living at fixing stuff, eh?
Well, if you do excellent work, don't have many come-backs, don't charge a lot of money for the first year for repairs, etc., give a guarantee for everything, stand behind your work, don't make excuses if you screw up, you might be able to start making some money after the first 6 months!
You have to advertise--either word of mouth, a little sign, or business cards. A low profile is just dandy! Keep regular hours, even if it means giving up on that hunting or fishing trip once a month or whenever!
You'll have to access the web-sites of companies to get information on parts catalogs or part availability, or where to get them. You'll have to get on good terms with the local parts stores, so they'll "carry" you until the end of the month! And have a good credit card and rating!
How are you in the book-keeping department? Know how to keep books? Profit and loss ledgers, etc. If you are married, will your wife keep the books? Some wives want nothing to do with that stuff! If she won't do it, will you have time for it. Willing to burn the midnight oil to keep ahead of the IRS? Maybe you'll have to hire somebody to do it. (Not cheap!)
Hiring a helper? WHooeee! That's when the fun begins! (See above!)
And then there's the business licenses, and insurance, and osha regs, and clean air regs., and all the other regs! Mind boggling!
Remember, if you do fix stuff at home, at least you won't have to worry about a lot of those things, but don't get too big, or the wolves will be at the door! See first paragraph!
I pick up mowers and etc. that folks set out for the garbage man. I fix them in my home garage, and then sell them to somebody else for a reasonable price. I set a little sign out against the telly pole--says: "Used mowers, etc.,$35 and up! Minor repairs, and my phone number. I make enough to go on a trip in the summer with my motor home, and have enough to have spending money for most everything. But, it isn't my only income! Good luck!: Rusty Jones



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