How well do you......... - Page 2

Originally Posted by Libertytow

mike i must ? how do you make the $2k what does it cost in time wear and tear consumables insurance if you blow a tirte do you have enough scrap???

I buy and re-sell mainly escrap these days..........Even with shipping costs I can still offer top dollar for escrap and come out ahead......The 3000 was just an example..........I have enough put back (Mainly from scrappin) to live off of for several years...........I buy low and sell high and now I mainly dismantle escrap.......I used to haul cars just to much competition
Not sure what I will do as the competition increases on the e-scrappers.........If my truck breaks down I fix it and just work a little harder that week.........Anyway scrap metal itself will only get you so far......Copper, E-scrap, etc is where the money is.......Would I rather haul a truckload for $100 or send in one 65 lb box to ewasted and get $200?????

Originally Posted by drozenski

$3k is 1 tip to the emergency room for some stitches. Thats not very much in insurance.

Don't get hurt and pay attention to what you are doing (LOL)

Originally Posted by PistoneScrapProcessing

I would love to answer your question for you. I know my costs for the month are going to be around 13,000 to 17,000. I should cover that in a week and a half or a two weeks. Anything after that is pure profit. Hope that helps.

i agree I pretty much figure mine by the month......I know if I am in the profit and still have several hundred computers I am doing fairly well.........Some months I might spend 10,000 some 1000..........I don't keep a log book I just make sound biz decisions and hope the market goes up or stays around the same

I lost my income and had only 30.00 to my name. I decided that I would give scrapping a try since I had a few things laying around here, talked to the few people I know and told them what I was going to do. Gathered a load and took it in, money in hand I started curb shopping, took a load in, more money in hand, continued routine. I'm covering bills and basic needs now. I do have those days where I don't bring in much so I do work to just break even. Then I have several good days, make a profit and keep going.

I look at it like this, as long as my bills are paid and my kids have food on the table, then I'm ahead. I also support myself and don't depend on everyone's tax dollars to support me so I've got something to be proud of. Absolutely loving what I do makes it all worth it.

If I can make a full time business out of this someday then I'll start worrying about trying to calculate costs. But for now as long as I keep bring in money and always have at least that original 30.00 stuck away then I figure I"m ahead.


*****BTW I almost forgot, about 90% of my first check wen't on Christmas for the boys.

I get such poor mileage and ferrous pays so badly here ($150-160 ton) that I am trying to network and get people to call me - it' s taken a long time but that is starting to happen in small ways anyway. I finally tracked down a part-time repair guy I've been hunting for months- he sold me one tower right away and told me sad tales of all the ones he'd taken out to the street - he was pretty happy to find someone to pay him even three bucks. My business is too small scale and unpredictable to plan costs for -my only goal is to keep them as low as possible.

Originally Posted by AuntieCake

I lost my income and had only 30.00 to my name. I decided that I would give scrapping a try since I had a few things laying around here, talked to the few people I know and told them what I was going to do. Gathered a load and took it in, money in hand I started curb shopping, took a load in, more money in hand, continued routine. I'm covering bills and basic needs now. I do have those days where I don't bring in much so I do work to just break even. Then I have several good days, make a profit and keep going.

I look at it like this, as long as my bills are paid and my kids have food on the table, then I'm ahead. I also support myself and don't depend on everyone's tax dollars to support me so I've got something to be proud of. Absolutely loving what I do makes it all worth it.

If I can make a full time business out of this someday then I'll start worrying about trying to calculate costs. But for now as long as I keep bring in money and always have at least that original 30.00 stuck away then I figure I"m ahead.


*****BTW I almost forgot, about 90% of my first check wen't on Christmas for the boys.

I agree I think I started with a couple hundred and as long as I have my initial investment and moving forward I consider it a sucess

Started out with a pickup I bought off my dad and a dodge half ton pick up box trailer I built. Now have two pick ups, open top gooseneck stock trailer, car trailer, and two pickup box trailers. So yeah, I'd say it's coming along.

Originally Posted by Dex

Liberty, do you really get $1.50 a mile for an F-150?

when gas is $3.699 my csot per mile = $1.37

every 10 cents is goes up add a penny at 14 gpm

That's good money for a little truck. Good for you.

I think I've misunderstood what you've said. It costs you almost $1.50 per mile to drive your truck? If that is the case that is a lot for a little truck.

Well guys my plan is to make enough money to retire at 40 (I wish) LOL

Originally Posted by corycouch

We are all different, most of you know I have a full time job so scrapping is expendable income, I do know at the end of every week my stockpile has grown, all my meals were free, my diesel tank is full and me and my partner have a few extra $100s in our pocket. Depending on the week determines on all of the above variables. Some weeks we may get 10 to 12 cars, others we may only get 1 or 2. It's hard to nail down an exact number but like tater said if it ever goes in the red we will have to make some changes. If I ever go full time I will have to deep dive and crunch some numbers to make sure I know what I'm doing. Me myself on the repairs issue if its major we have two extra trucks and we can take care of stuff like flats ourselves so its not an issue for us, but I do see what you are saying because I have seen a time when a flat tire would have caused me to miss a few meals, that being said no matter how small or large your operation is you need to have plans, goals, and even dreams to make the most out of this business you can, it's all in what we make it

Cory you have the dovetail if it were gone tomorrow could you make the same living????

These guys know there costs!