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Search results

  1. mikeyjd

    How to market your business with integrity?

    MARKETING 
    Just present your products or services in a straight forward, professional manner. You don't have to be an excellent marketer to have a successful business if your happy customers are willing to do your marketing for you.
  2. mikeyjd

    Lean Principles & Creating a Culture of Continuous Improvement

    HOT! EXECUTION 
    Following. I appreciate your attention to detail.
  3. mikeyjd

    Generally speaking, how much should I pay myself?

    HOT! 
    Typically you can hire an independent 3rd party to run a questionnaire and have them set your salary for you based on fair market value for an employee that does your job/jobs.
  4. mikeyjd

    I've Read UNSCRIPTED!

    GOLD! HOT! 
    I listened to this via audible over a year ago now. Forgot to post. Great listen!
  5. mikeyjd

    Coronavirus made me $780,000 in profit in 6 weeks

    HOT! 
    I'll take the rest :somber:
  6. mikeyjd

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

    NOTABLE! SIDE HUSTLE 
    You need to find a way to make better margins. These deals are ok, but really something to build off of yet.
  7. mikeyjd

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

    NOTABLE! SIDE HUSTLE 
    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...
  8. mikeyjd

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

    NOTABLE! SIDE HUSTLE 
    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.
  9. mikeyjd

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

    NOTABLE! SIDE HUSTLE 
    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...
  10. mikeyjd

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

    NOTABLE! SIDE HUSTLE 
    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...
  11. mikeyjd

    If you had 1 million dollars, how would you invest it?

    INVESTING HOT! 
    #wisdom
  12. mikeyjd

    Tesla Cybertruck

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

    Mikeyjd checking in from Michigan

    INTRO 
    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.
  14. mikeyjd

    Mikeyjd checking in from Michigan

    INTRO 
    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...
  15. mikeyjd

    Selling my Ecommerce Business

    GOLD! 
    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.
  16. mikeyjd

    I've Read The Millionaire Fastlane!

    GOLD! HOT! 
    Great book. Read it last year. Just downloaded the audio version for a 2nd go of it.
  17. mikeyjd

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

    NOTABLE! SIDE HUSTLE 
    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.
  18. mikeyjd

    Appliance Flipping

    HOT! 
    What was the big secret?
  19. mikeyjd

    Appliance Flipping

    HOT! 
    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.
  20. mikeyjd

    Nose to the grind stone.

    Nose to the grind stone.
    • mikeyjd
    • Profile post
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