Well, the moment you see this critter and he snarls at you, you’re likely to jump out of your skin if you didn’t see him coming! Then what happens? That old junkyard dog instantly knows you’re afraid of him and he can sense your Fear. Not only can he sense your fear, but he can feel it and he can smell it faster than he can smell a t-bone steak cooking on the grill. He knows he’s the boss. He knows he’s the Governor. He knows you’re scared to death of him. He’s got you!
Another choice is to sell the parts off your car yourself. To do that, you have to be knowledgeable about auto parts, their value and how to remove them. All the fluids will need to be drained from the vehicle and properly recycled. Since, you will not be able to sell the defective parts you will need to decide how to dispose of them along with the parts that do not sell. Many localities have ordinances against people having unlicensed vehicles on their property. If your community has one, parting out your car is not an option for dealing with your used car.
He bought the business for more than I suggested because he saw where he could improve the business instantly. The profit turned out not to be $500,000 as the seller guaranteed, but exactly $350,000 as I had determined. David took over sales and marketing and within 1 year had the company profit up to the $500,000 he was promised.
Before taking metal to the scrap yard for recycling, you must separate the metal by type. In order to collect the most value for your scrap metal, you should be familiar with the types of scrap metal and how much they’re worth.
Salvage yards tend to be most interested in vehicles that have a reputation for reliability and popular vehicles of any kind. The former are valuable because drivers are interested in using their parts to keep the same model of vehicle running for a long period of time. The latter are desirable because their parts are typically in high demand.
A neighbors yard can look like a used auto wreckers. A Satellite photo can show you if the neighbor has a messy back yard, or a shed that caught on fire and was never demolished.
There are two different ways of profiting in this business. One is to open a brick-and-mortar place. The second way is to do it online. In this chapter we are going to skip the brick-and-mortar method as it takes tremendous capital investment, time and effort, and we will devote our energy to online strategy. The great part about running any online business is it allows you to be flexible, it operates 24-7, and gives you an access to global marketplace.
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