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  1. mikeyjd

    NOTABLE! So you want to flip used items and make cash? Cool!

    You need to find a way to make better margins. These deals are ok, but really something to build off of yet.
  2. mikeyjd

    NOTABLE! So you want to flip used items and make cash? Cool!

    Then again, a competent tech with a secretary can pull that wage with service work. It seems like he's missing out if he's not using that as his primary form of marketing. We perform 5-10 replacements per week for customers who find out they have a cost-prohibitive repair and need to get...
  3. mikeyjd

    NOTABLE! So you want to flip used items and make cash? Cool!

    I can understand the hesitation of making the big investment. I think it's not likely he'd make less than $100/ hour flipping scratch and dent loads.
  4. mikeyjd

    NOTABLE! So you want to flip used items and make cash? Cool!

    If he was an appliance tech by trade he should be able to advertise repair services and make a similar amount of money repairing people's appliances in home. We are mostly a retail business but we do about $20k per month in repair work with 1 field tech and 1 scheduler. That part of the business...
  5. mikeyjd

    NOTABLE! So you want to flip used items and make cash? Cool!

    If you can develop a repair technician and brand it properly you can make a lot more. If you can get to the capacity to take appliances by the truckload from local "New in Box" mom and pop retailers they will sell you truckloads of appliances for $15-20 apiece if you are a regular buyer (trust...
  6. mikeyjd

    OFF-TOPIC Tesla Cybertruck

    Pre-ordered the tri motor with self driving last night. I'm excited!
  7. mikeyjd

    INTRO Mikeyjd checking in from Michigan

    I also just finished "Unscripted" on audio last night. Loved it. I'll probably listen to chapters 40-54 a second time in the near future.
  8. mikeyjd

    INTRO Mikeyjd checking in from Michigan

    It's been quite a while since I've reported back on my business. We're continuing to do well with selling appliances. We still primarily sell refurbished machines, but we have several scratch and dent suppliers for selling "new" machines now and I'm very pleased with our current trajectory. We...
  9. mikeyjd

    GOLD! Selling my Ecommerce Business

    Great read. Inspiring! I'm currently trying to position my own company for mergers and acquisitions, so this thread was quite relevant in many ways.
  10. mikeyjd

    GOLD! I've Read The Millionaire Fastlane!

    Great book. Read it last year. Just downloaded the audio version for a 2nd go of it.
  11. mikeyjd

    NOTABLE! So you want to flip used items and make cash? Cool!

    Fridges take 48 hours to test. Force defrost. Check ice maker. 5% call back rate on a 1-year warranty. We test 18 fridges at a time.
  12. mikeyjd

    HOT TOPIC Appliance Flipping

    What was the big secret?
  13. mikeyjd

    HOT TOPIC Appliance Flipping

    I remember you "ken more". Curious what the post content that got you banned was. I asked him why you disappeared, as I found you one of the more engaging and interesting people on the forum. He said you wanted to post something that would have hurt his business. I was always curious what that was.
  14. mikeyjd

    Nose to the grind stone.

    Nose to the grind stone.
  15. mikeyjd

    Hey there, thanks for reaching out. Let me know if I can be of service. Logistically speaking...

    Hey there, thanks for reaching out. Let me know if I can be of service. Logistically speaking Michigan to Alabama may be difficult to make work, but I can try to help you figure out the supply end of things.
  16. mikeyjd

    EXECUTION From Dead Broke To Financial Freedom in 6 Months Flat

    Just placed an order for the planner. I'm excited to try it out. The website is nice. I think a nice high quality branded pen would be a good addition to your product line.
  17. mikeyjd

    Reflections on a yardsale

    We had a garage sale 2 years ago. It actually jumpstarted my craigslist hustling career, which began a month later. I made like $1k on the garage sale (significant at the time for 3 days of sitting around), but parlayed the sales momentum into what is now a 15-20k per month used appliance...
  18. mikeyjd

    INTRO Mikeyjd checking in from Michigan

    I'm not saying I'm walking away from appliances tomorrow, I'd just like to think that I won't need to work this hard or this much in a few years. I like real estate because I have the skills for remodeling and managing properties until I can afford to turn them over to a management company...
  19. mikeyjd

    EXECUTION 15 months later. You might want to read this.

    I make roughly 200% profit per deal on the average. Average sale being $256ish, average profit around $179. I'm sourcing my machines very inexpensively for the most part (most are $25 per) I outsource most of the repairs and all of the cleaning. I don't currently have a reliable delivery person...

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