How to become the Appliance King
Estimated Reading Time: 3 minutes
Last week I found myself becoming a man. Literally. The true moment when I became an adult, and bought myself the mark of manhood. That’s right, I bought a washer and dryer.
Not what you expected? It’s true, you feel like a real adult when you buy your first washer and dryer.
We faced a conundrum. There were tons of options available between Home Depot, Costco, and used ones on Facebook Marketplace. A big problem was delivery. I would have needed to rent a trailer to pull behind my SUV for most used ones, and even Costco wasn’t willing to deliver. It seemed like we were going to have to pay the high price tag of Home Depot if we didn’t want to deal with delivery.
But then, we found the perfect option. We stumbled across a couple in our city who sold, delivered, and installed used washers and dryers for a fraction of the cost of other places. We checked them out, and with the warranty they offered it was a no brainer.
Here’s how it breaks down:
We bought our set for $300, including delivery and set up. The guy who delivered it told me they do 5-8 per day.
Call it $1,500 in revenue every day, 20 days per month. That’s $30,000 in monthly revenue.
All of this they ran out of their garage. No website, just advertising on good old Facebook Marketplace. She managed the listings and responded to messages, he fixed up units and did the deliveries. That is what we call the American Dream.
Of course, it can’t all be sunshine and rainbows. There have to be costs in acquiring the units to sell, parts for repairs, gas, maintenance, etc.
He told me that his brother worked for a moving company that sold most of the units to him. Generally they were just older units that the previous owners were selling in order to upgrade. Sometimes he finds units for free or cheap on Facebook Marketplace that he can fix up and sell.
So it’s not pure profit, but I wouldn’t be surprised if he’s clearing $15,000 in take home pay each month. Not bad for a home business.
Now you may be thinking, “That sounds like a lot of work.” No duh it is. This isn’t the get rich quick newsletter. This is The Steel Road, where we talk about how to start a non tech business.
Some better questions or concerns would be:
How can I learn the skills necessary to build this business?
Find a local repair shop, I guarantee they are hiring appliance repair technicians. You know what, I’ll put my money where my mouth is.
Oh look, here we go. I was right.
Yes, $12 an hour is peanuts, but it’s a short term play. Get in, learn, show some smarts, and you’ll rack up some quick promotions and experience. You can even start your business on the side. Once you have some momentum, quit the $12 an hour job and get after it.
How do I scale this into a multimillion dollar business?
The blueprint is already laid out. I guarantee in your town there is an appliance exchange that rakes in the dough.
Expand into refrigerators, stoves, dishwashers, and even offer service. Hire your own technicians and keep scaling. Get your finances right with our partner Quickbooks. Eventually you’ll have an incredible asset worth millions of dollars.
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Yes this business will be a grind. But let me tell you something. All businesses are a grind. Even this newsletter. So if you liked this post, help us out in one of these ways:
Until next time!