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AgainstAllOdds

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This thread is a braindump for anyone that has trouble seeing opportunity.

Below I'll jot down a few services I recently paid for that I considered "good money" for the time, effort, skill set, and investment capital involved. Anyone that has recent examples, feel free to add on. Hopefully this thread will help open up some eyes for opportunities that exist in the service sector.

Camera Installation
  • One guy
  • 5 cameras
  • 5 hours of work
  • $550 total for labor + cables that probably cost $100 at most.
  • This guy was fully booked for three weeks
Forklift Mechanic
  • One guy
  • $100 to come to your location; then $100 an hour for him to do anything
  • To fix the forklift, it'd be at least 16 hours of work. $800 a day just for the labor
Truck Driver - Container Delivery
  • Trucking company. 1 lady handling logistics for X amount of drivers. Then one driver.
  • Pay $700 to $1,100 depending on the weight of the container
  • 4-10 hours of work depending on how packed the shipping yard is.
  • Scope of work: Grab container. Drop off. Then grab again and return.
Piggyback Driver
  • One guy
  • A piggyback is a truck with a forklift on it. Used to move heavy product that needs to be forklifted around.
  • $125 an hour, then $80 an hour each hour after that. Some companies charge port to port.
  • Minimum 3 hours for most companies to come out.
Crane Operator
  • One guy
  • Comes with a crane truck. Moves heavy product from low areas to high areas.
  • $140 an hour; have to pay port to port (driving time to the client).
 

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UnrealCreative

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Camera Installation
  • One guy
  • 5 cameras
  • 5 hours of work
  • $550 total for labor + cables that probably cost $100 at most.
  • This guy was fully booked for three weeks
Can confirm, have a buddy who makes money hand over fist doing this. He also sets up home automation systems for higher-end residential customers, as a cross-sell.

Crane Operator
  • One guy
  • Comes with a crane truck. Moves heavy product from low areas to high areas.
  • $140 an hour; have to pay port to port (driving time to the client).
I'm curious to see what kind of profit to expect from a service like this considering costs we may not be aware of right now. OSHA certifications? Maintenance costs? Etc.

Sweet post @AgainstAllOdds
 

elusive97

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Can confirm, have a buddy who makes money hand over fist doing this. He also sets up home automation systems for higher-end residential customers, as a cross-sell.
I was literally about to comment that I'd considered doing something like this, even just relatively basic smart-home setup. Startup costs would be low, and there's probably people who'd happily spend £200 on devices and £100 on setup (or more) for 1-2 hours labour
 

MoreValue

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Hm...what knowledge would you need for the camera in stallion/home automation? Electrical Engineering?

The others look like high investment ventures.
 

MJ DeMarco

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Great thread.

I just paid a guy $50 to drill a hole in my Quartz countertop. He spent 15 minutes doing it. He had a drill with the right drill bit. Hourlyized, that's $200/hour.

Just goes to show how the use of certain tools and certain skills can increase your power to create income.

And another I'm currently working with...

Moving a pool table.


$300 for a move!
 

MichaelCash

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This thread is a braindump for anyone that has trouble seeing opportunity.

Below I'll jot down a few services I recently paid for that I considered "good money" for the time, effort, skill set, and investment capital involved. Anyone that has recent examples, feel free to add on. Hopefully this thread will help open up some eyes for opportunities that exist in the service sector.
Handymans are paid pretty well. We had a few electric switches replaced in our condo and they charged me $150 per hour. And the market is pretty big - almost everyone needs something like this to be done at home from time to time. Also, it is hard to find a handyman who you can trust, because oftentimes they just want to get quick money
 

UnrealCreative

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How about towing?

  • Move your car into their yard. $300 to get it out.
  • 20 minute job.
  • Two guys. One truck.
Very lucrative too.

Get in with the local municipalities to handle parking violations and dealerships to handle repo's.

A note on the repo's though...dude I know got shot doing one.

Bullet hole is still in the car door. Not for the faint of heart haha
 

Kak

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I have heard of people paying upwards of $20-30k for a surround sound install job.

Washer and dryer “installation” $250.

Dumpsters and Bagsters are both expensive and easy to turn into a business.

MJ mentioning the hole drilling in granite... That bit is $20 at Home Depot. I own one. I bet you could extract even more money by installing the faucet.

People that drill holes in concrete and pump underneath full of great stuff foam to raise it level charge a ton.
 

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I made some logos and biz cards for a guy in NZ that just worked disconnecting/re-connecting all the electronics (Tv, home theater, sound bar, xbox, that kind of stuff) when people moved houses.

Idk how much he charged but I can see it being within the lines of this thread



Edit - As we speak I'm looking into getting a cleaning service come give a good deep clean to my apartment because 1) I'm lazy 2) Even when I try I do a poor job. The quotes I'm given for a 700 square foot studio? >$100
 

Walter Hay

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When attending to the many manufacturing troubleshooting calls I dealt with in my industrial chemical business I reminded myself about the story of the expert with a hammer.

A big machine had failed, and with their engineers unable to fix it, the factory manager called on old Eddie, renowned as an expert fixer.

He spent 5 minutes looking over the machine, and then picked up an engineer's hammer. He hit the machine hard and it started running. When he presented his bill for $110 they asked: "Why so much for one hammer blow?"

His answer: "$10 for hitting it, $100 for knowing where to hit."

Walter
 
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AgainstAllOdds

AgainstAllOdds

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I'm curious to see what kind of profit to expect from a service like this considering costs we may not be aware of right now. OSHA certifications? Maintenance costs? Etc.
A good truck with a crane can be had for around $60,000. You can finance that if you want. Annual maintenance after that is like $500 to have the crane certified by Hiab or whoever, and then whatever wear and tear is on your truck/crane.

Most cities don't require a license. Some do. Chicago introduced regulation two years ago that you do, but every other suburb you don't need to. My bet if you want the license, it's like a $2,000 course and 2 weeks.

The CDL is a $3,000 course and 1-2 months.

Getting clients is easy. There's more demand that supply.

So for a $65,000 total investment, and let's say 6 months of your time to set up and get clients, you could be making $1,000 a day after paying for gas.

It's not glamorous, but it's also a lot of money for what it is.

Oh, and if you're curious on how difficult it is to use a crane, it takes about 4 hours of practice to get good (we use a crane on private property for my business). The way my crane operator put it "It's just like playstation."
 

Primeperiwinkle

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Great thread.

I just paid a guy $50 to drill a hole in my Quartz countertop. He spent 15 minutes doing it. He had a drill with the right drill bit. Hourlyized, that's $200/hour.

Just goes to show how the use of certain tools and certain skills can increase your power to create income.

And another I'm currently working with...

Moving a pool table.


$300 for a move!
So umm does this mean we will get to play pool at the PARTY?!?!?!!!!!!!!!
 

BizyDad

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Watch repair. I have a sentimental one, paid $40 to get a new battery in it because I lack the right tool to open it. Not even a 10 min job. Battery maybe cost him a buck...

Great thread.

I just paid a guy $50 to drill a hole in my Quartz countertop. He spent 15 minutes doing it. He had a drill with the right drill bit. Hourlyized, that's $200/hour.

Just goes to show how the use of certain tools and certain skills can increase your power to create income.

And another I'm currently working with...

Moving a pool table.


$300 for a move!
Anything related to pool tables or pianos is pricey in this town.

On the other hand...

I made some logos and biz cards for a guy in NZ that just worked disconnecting/re-connecting all the electronics (Tv, home theater, sound bar, xbox, that kind of stuff) when people moved houses.

Idk how much he charged but I can see it being within the lines of this thread



Edit - As we speak I'm looking into getting a cleaning service come give a good deep clean to my apartment because 1) I'm lazy 2) Even when I try I do a poor job. The quotes I'm given for a 700 square foot studio? >$100
Not the point of the thread, but my recent quote for an 1800 sq ft house? $70. Sold! Why have I been doing it myself all this time?
 

MJ DeMarco

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Anything related to pool tables or pianos is pricey in this town.
Yea, and I have both. And they both need to be moved. o_O
 

MattR82

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A buddy of mine from oil and gas started running a home theatre installation type of franchise and is on track to do nearly 400k in his second year. Crazy.
 

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$300 for a move!
Reminds me of moving a grand piano :wideyed:

The cost of moving your piano will depend on many things such as current location, and distance of the move. Moving a small upright piano across town could cost you as little as $100 but if it involves stairs, it could cost around $250. A valuable concert grand piano to be moved long distance could cost around $1,000.

To give you an idea, the cost of these piano moving equipment are listed below:
  • 4 wheel piano moving dolly – $125
  • hump strap – $25
  • locking piano belt – $25
  • piano skidboard – $125
EDIT: oof, didn't see there was more to this thread and it was already mentioned :rofl:
 

inputchip

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Currently doing a large renovation...

- Concrete coring and cutting. Depending on the size of hole it's upwards of $100 per hole for 10-15 mins of work. Lots of times customers need 3-4 holes for furnaces and water heaters. Had to eat this cost.

- Basement window concrete cutting, with the right equipment can be automated to about 20 minutes and $400 per window.

- Window well install. They wanted $2000 per window. I did it myself for $60 per window.

- Tree removal/stump removal $200-$300 to cut down a large tree. Double it to remove the stump. I rented a chainsaw and yelled timber.

- Eavestroughs and down spouts, $5 per linear foot is common. Two guys were there for a couple hours and it was $1000. Just need a trailer with the sheet metal brake.

- Skylight and sun tunnel installs. Guy wanted $1200. I did it myself in less than an hour. $200 in materials.

- Stair railings! Guys wanted over $6000 for the stair railing we wanted. Got my welder friend to do it for less than $1000. This guy showed me pictures of staircases he's done over $200,000.

- Fiberglass repair. Got some quotes for a minor fiberglass repair. Was over $200 for 15 minutes of work.

- Asbestos removal. Had quotes upwards of $30k for the house for 4 days of work for two guys. Stupid money to be made here. They are just demolition crews with hazmat suits. Alot of scammers in this industry.

- Basement foundation crack repair. $50 per linear foot of crack. Our basement had about 100 feet or $5000. It took one guy a day or two. All you need is the injection gun and some know how.
 

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Overpaying is a function of knowledge and skill and also transferring risk.

I was having this discussion with a friend last week about paying someone to do something vs. monetary savings vs. risk.

I have a light bulb located in a ceiling that is 16ft tall. I can go rent a 10' ladder for $50, or I can pay someone $130 to come and change one single light bulb. What would you do? Would you rent the ladder or pay for someone else to do it?

Now imagine that this is your parents. Are you going to tell them to save the $80 and do it themselves?

No, because you are actually assessing risk in this case. Many times we look at something that we can do ourselves but we never factor in the risk that the laborer will take on.

I know how to install baseboards, but I paid $2/ft for installation. You know why? Because installing baseboards requires me to use a miter saw or table saw at least 100 separate times (I had alot to install). So there is a small possibility of me cutting a finger off. Guess what the possibility of that would be if I paid someone to do it all, 0%.

In MJ's case, it might seem like some big burly men come and just lift something heavy and move it. But he's really paying for them to take on the risk, if they drop it and it breaks, they pay for it. If MJ asks me and Allen to come help move his piano and we drop it, who's paying for it?
 

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Royce2

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I wrote this in another thread but this is what we currently do that has so much potential as long as whoever is doing it isn't afraid of providing/training for quality work.

Post-construction cleaning. Now we do the work ourselves and only use it as "side-cash" that pays the rent. We will begin growing pretty soon here actually.
One client will bring us around $3,000 a month for 4 houses with 3 days of work per house for me and my wife alone.
Now imagine 10 clients that are all mid-sized contractors = roughly 35 houses per month charging $.35 per sqft with some employees..
You're looking at $22,500 a month within a year.

Now of course this is fairy tale numbers and once my wife and I dial down a "productized service model" and reach 10 clients... We'll get back to you guys ;)
 

cy-

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Great thread.

I just paid a guy $50 to drill a hole in my Quartz countertop. He spent 15 minutes doing it. He had a drill with the right drill bit. Hourlyized, that's $200/hour.

Just goes to show how the use of certain tools and certain skills can increase your power to create income.
There might be an additional reasoning behind the pricing on these kind of things.

I used to work in an electronics store and we would sell dishwashers.

The delivery and installation for these cost approx. $100, which is fine.

But if you bought an integrated dishwasher, where you need to put one of your kitchen drawers as a front for your dishwasher, you would have to pay us $200 JUST for that simple attachment.

I don't know how much is true, but when I asked about it they said it was because it was risky for them to do.

If they did the holes wrong or messed up they could ruin the dishwasher and have to pay for a new one.

Maybe this example applies to your case as well?
 

minivanman

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I made some logos and biz cards for a guy in NZ that just worked disconnecting/re-connecting all the electronics (Tv, home theater, sound bar, xbox, that kind of stuff) when people moved houses.

Idk how much he charged but I can see it being within the lines of this thread



Edit - As we speak I'm looking into getting a cleaning service come give a good deep clean to my apartment because 1) I'm lazy 2) Even when I try I do a poor job. The quotes I'm given for a 700 square foot studio? >$100
$100 was cheap 10 years ago so I'd be sure and make sure they have great references. $100 'deep clean' jobs usually end up deep cleaning your jewelry box and not the shower. I'd be leary of the $70 regular clean also..... but some great cleaners like working for peanuts so hopefully that's what y'all have found.

I am really blessed because if I say I need something done, my friends are on the spot to do it for free. I need another breaker put in to the electrical box so my friend Mike said, yeah Ronnie told me we needed to add another one so we will be there Friday evening. I said, I'm not going to be here because we have to go to my grandson's musical so how about Saturday, he said, that's ok, we got it covered. And luckily if I need any holes cut in a counter top, Ronnie owns a marble & granite company. On the flip side.... if something happens to their washer or dryer, I better be there within an hour to fix or replace it for free and I do take them with me for free when I go racing out of state. The people that clean for me would do it for free because I got them started in the business and sold them some of my customers but I pay them $100.... and then my mother in law (92) usually gives them another $100 because she likes having them come to see her. lol I'm trying to think.... I can't think of anything I've over paid for within the last few years.... except Dr. Peppers when I have to buy them at the convenience store :eek:

For you piano players, you should have went with the saxophone.... just pick up the case and go ;)

Construction cleaning..... oh lordy, good luck with that! @Grinder20 :jawdrop:
 

Real Deal Denver

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I was just paid $600 to be an expert witness in a court case. I charge $150 an hour with a four-hour base fee. My base fee includes review and preparation, travel time, and testimony. It is a package deal that usually saves them 1 or 2 hundred dollars, and I'm happy because I'm not going to quibble over minutes here or there. If we're done by noon - they pay my base fee, period. If we go past noon, then I charge in 30-minute increments. I assure you that if things go past noon, it is a bloody battle, and they definitely do need me there. I work in VERY high stakes real estate issues. Hundreds of thousands of dollars at stake.

They screamed. They hollered. They cussed. Then they paid me because I require being paid before the trial. It was clear I was taking advantage of them but they had no choice.

After my testimony, which won the case for them and saved them almost $100,000 - they shook my hand and profusely thanked me. They complimented me on how I took control and obliterated the other side. They promised to use me again and told me to have a great day. Hard to believe these were the same people...

Based on their recommendation, I have since then gained several more clients who are looking forward to working with me. They will win, or I'll tell them why they won't win, and they will settle. If it's a coin toss, I'll also tell them that and give them the scenarios they might face.

Before we started, I said yes I know I'm expensive, but you are buying several DECADES of experience for a few hundred dollars. I also told them that if you think expertise is expensive, wait and see what the other side thinks about how much money they saved by hiring someone cheaper than I am - after they lose - which is exactly what happened.

As a bonus - I had a great time. I thrive in pressure situations and I love debate. I wish I could do this all day long every day!

Spend money. Get an expert. It pays in the long run.
 
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Real Deal Denver

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Construction cleaning..... oh lordy, good luck with that! @Grinder20 :jawdrop:
I never thought of this. Sounds like an easy biz to get into and sub out.

You are the man @minivanman - I love all your posts. So you have to tell me what's wrong with this? I know some young guys with strong backs that would eat this up. Come on - clue me in!
 

Kevin88660

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3k per year mma gym membership.

They have world champion coaches in BJJ and Muay Thai.

End up I realize it’s a 90 percent cardio session. You just hired world champions to ask you to punch the bag 100 times or run faster...
 

minivanman

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I never thought of this. Sounds like an easy biz to get into and sub out.

You are the man @minivanman - I love all your posts. So you have to tell me what's wrong with this? I know some young guys with strong backs that would eat this up. Come on - clue me in!
Hiring people to do this work is the EASY part.... have you ever worked with construction workers and dead lines? If not, it is not fun! We only did a few of these because of the construction workers. Let's dream and say everything went perfect through the first couple of cleanings (each house has cleaning phases). Then the house is suppose to be move in ready February 1. So to the construction workers, that means they have until January 31 at midnight to finish. Which does not leave time for a final clean. And did you know that painters think the best place to mix/stir paint is in the bath tub? Who knew? :clench: :arghh:
 

Grinder20

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$100 was cheap 10 years ago so I'd be sure and make sure they have great references. $100 'deep clean' jobs usually end up deep cleaning your jewelry box and not the shower. I'd be leary of the $70 regular clean also..... but some great cleaners like working for peanuts so hopefully that's what y'all have found.

I am really blessed because if I say I need something done, my friends are on the spot to do it for free. I need another breaker put in to the electrical box so my friend Mike said, yeah Ronnie told me we needed to add another one so we will be there Friday evening. I said, I'm not going to be here because we have to go to my grandson's musical so how about Saturday, he said, that's ok, we got it covered. And luckily if I need any holes cut in a counter top, Ronnie owns a marble & granite company. On the flip side.... if something happens to their washer or dryer, I better be there within an hour to fix or replace it for free and I do take them with me for free when I go racing out of state. The people that clean for me would do it for free because I got them started in the business and sold them some of my customers but I pay them $100.... and then my mother in law (92) usually gives them another $100 because she likes having them come to see her. lol I'm trying to think.... I can't think of anything I've over paid for within the last few years.... except Dr. Peppers when I have to buy them at the convenience store :eek:

For you piano players, you should have went with the saxophone.... just pick up the case and go ;)

Construction cleaning..... oh lordy, good luck with that! @Grinder20 :jawdrop:
Haha...where do I start? If you can get it, want to get it, and are in your 20's--hustle on! We've been asked to do some commercial construction clean ups before, we always bid it out of courtesy, but it's really a whole animal on to itself and injuries are common.
 

Jeff Noel

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Very lucrative too.

Get in with the local municipalities to handle parking violations and dealerships to handle repo's.

A note on the repo's though...dude I know got shot doing one.

Bullet hole is still in the car door. Not for the faint of heart haha
Cannot wait to see the first Tesla CyberTowTruck.
 

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