Partnering up?

Well it seems like a lot of auctions for E-Waste right now. The problem I am having is with larger lots of 40+ towers. Ive been lucky in the past getting the towers for $3-5 Each, but Im looking into getting bigger.



Financially, I just can not afford to bid on these larger lots. I can possibly push $250-$300 a week on bidding but then I have labor time to take them apart and turn around time shipping them in. In the end it seems I can only do one larger auction every 2 or so weeks without starving to death and I miss a lot more auctions.


Now if you were in my shoes would you look for a partner for financial help> And if so what would be the terms? I want to be the major player in my business making most of the decisions. I also dont want a partner using me to get the sources of my auctions and computer suppliers.

Any ideas?

steady as she goes. Keep doing what you're doing until you can afford doing more on your own ; )

40 towers at $3 is 120.. If you cant afford that, id be looking for free stuff..
Just saying...

Now if you could get 400 towers for $1200, id assume maybe someone on here would split 50/50...

If I was in ur shoes n looking to borrow like $300, id ask a friend or family member...depends on ur situation I suppose

PTS said it well. Cash is the way to go. Personally i finance absolutely nothing. What I did with my scrap money was keep back 50% of all money that came from the scrap yard for future scrap purchases. As my profits go up so too does my buying power. If there was ever a profession where you needed an extremely detailed and planned out budget, it's scrappin'. Make sure you know where all of your profits are going, and keep a percentage from each sell for purchases, even if it had to start at 10% you'll do better if you put a value on it.

in my experience ive never enjoyed having a partner.ive tried it once back when auto bodys first hit 7.00 per hundred.(thought id be a millionaire in a year) i didnt mind sharing the profits at all.but it was having to consult someone else about big decisions i didnt like and also my partner was learning as we went and constantly wanted to try things i already knew from experience were not solid ideas.it just didnt work out.my final and last partnership was a good one.i had a neighbor who had several kids and was a single mom and needed extrta money.she ran a small local garbage route.i took her under my wing and eventually we split everything 50/50.i taught her every trick i knew.then i got called back to work so we went our seperate ways.so as someone stated earllier in this post i trained my competition.we are still good friends and sometimes we still do cars and trailor frames together,but we know alot of the same folks so she ghets alot of junk i would have gotton if id not have taught her.the great thing is since i started the e scrap i get all her electronics scrap. she is a guaranted truckload of tv,s , keyboards , towers,and satelitte boxes every week.all she asks is that i leave the cords there.she never asked me to but i bring her back all the shred from the towers and vcr,s and satelitte boxes that she gives me.i also started giving her my cans.i hate cans..anyhow long stoory short having a partner isnt for me at all.if i need help i get it from my wife or i pay a younger cousin to do it..it maY work good for you but id take the advice given earlier and just go slow and build up yourself,especialy if you just want an investor not a full partner

im not as experienced as most of u guys but this is my opinion:

most of the people who do this job are doing it because they want independence 7 flexibility

and if u partner with someone- then u wont be independent anymore

added to that is the possibility that ur new partner could work u out of the equation and do what you are doing all by himself