Use
Used Appliance Business
Topic
N/A
Accuracy
Recent Predictions
Incorrect: 0
Pending: 25
Unrated: 0
Prediction
Author
Predicted at
Status
Video
The initial net profit from appliance sales in October, before factoring in parts, refunds, and eBay income, was $7,599.
"profit or at least some sort of net of seven thousand five hundred ninety nine dollars"
Nov 7, 2019
Pending
The speaker believes the used appliance business has low competition due to existing businesses being run by older individuals nearing retirement.
"I started the business not knowing anything about appliances or appliance repair the reason I though..."
Nov 7, 2019
Pending
The speaker's used appliance business started small with only a few units and has since grown significantly.
"I think I started with four maybe five units it's no fridge washer/dryer dishwasher microwave and it..."
Nov 7, 2019
Pending
The speaker's used appliance business has expanded from a solo operation to a team of five.
"we've gone from it being myself to a five man crew two techs one cleaner to delivery guys"
Nov 7, 2019
Pending
A repaired stove, costing approximately $60 (purchase price + labor), is expected to sell for $125 to $150.
"we will sell it for 125 to 150 dollars depending"
Nov 7, 2019
Pending
An LG stove was flipped for $300, resulting in a $260 profit after accounting for a $40 purchase and $15 repair cost.
"I flipped the LG stove for $300 making a $260 profit"
Nov 7, 2019
Pending
The speaker acquired a 1981 Hotpoint stove on trade for $30 after selling a gas stove, making a total profit of $230-$240 on that transaction.
"I took this on trade-in from a lady that bought the gas stove for $30 so I still made about two hund..."
Nov 7, 2019
Pending
A vintage 1981 Hotpoint stove is projected to sell for at least $100-$130, possibly more if acquired by a prop house.
"it's going to go for at least a hundred dollars probably a hundred and twenty hundred thirty or who ..."
Nov 7, 2019
Pending
A $40 gas stove purchase was leveraged to generate $400-$450 in revenue through sales and trade-ins.
"I turn a forty dollar purchase on a gas stove into what we end up being four to four hundred fifty d..."
Nov 7, 2019
Pending
The speaker generates over $3,000 per month in revenue from selling used appliance parts on eBay.
"I do about 3000 plus a month on eBay with used appliance parts"
Nov 7, 2019
Pending
Certain broken appliances can be more valuable for their parts than if they were fully functional.
"sometimes machines are actually worth more broken than they are fixed"
Nov 7, 2019
Pending
The used appliance store generated $14,655 in revenue during October.
"the store in October revenue was fourteen thousand six fifty five on appliance sales"
Nov 7, 2019
Pending
The cost of acquiring appliances for sale in October was $3,601.
"what I actually paid on appliances was three thousand six hundred and $1.00"
Nov 7, 2019
Pending
Staff expenses for the used appliance business in October were approximately $3,455.
"staff expenses which were approximately 3,450 five dollars"
Nov 7, 2019
Pending
eBay sales for used appliance parts generated $3,311 in October and are showing growth.
"eBay which is still growing for me I did three thousand three hundred and eleven dollars in October"
Nov 7, 2019
Pending
Even with a broken Maytag Neptune washing machine, the speaker can still make money by salvaging parts.
"so for example on this Maytag Neptune the board is bad we're getting a I think it's a either a III o..."
Nov 7, 2019
Pending
The speaker incurs no marketing expenses, relying entirely on Facebook Marketplace for sales.
"I have no marketing expenses for what I do I sell everything on Facebook marketplace"
Nov 7, 2019
Pending
The speaker's overall monthly profit, excluding eBay sales, ranges between $5,000 and $7,000, with eBay revenue showing an upward trend.
"generally profit wise I'm between five and seven thousand dollars a month on everything but eBay's c..."
Nov 7, 2019
Pending
The speaker has experienced situations where selling broken appliances for parts has yielded higher profits than selling them after repair.
"I have sometimes made a whole lot more money on broken appliances than I do fixed ones"
Nov 7, 2019
Pending
The speaker is making over $3000 per month on eBay selling used appliance parts, indicating a profitable niche even with broken units.
"I do about 3000 plus a month on eBay with used appliance parts and that's a really really good thing..."
Nov 7, 2019
Pending
Broken appliances can sometimes be more valuable for parts than for resale as a whole unit due to the high cost of new appliance parts.
"sometimes machines are actually worth more broken than they are fixed if you've ever tried to go out..."
Nov 7, 2019
Pending
Refrigerators are a fast-selling item in the used appliance business, although they do not yield the highest profit margins.
"refrigerators they're not the things I make the most money on but they sell very very fast"
Nov 7, 2019
Pending
The speaker estimates their net profit is roughly half (or slightly less) of their gross monthly revenue in the used appliance business.
"so all things considered I'm making roughly around half maybe a little bit less than whatever I gros..."
Nov 7, 2019
Pending
A stainless steel fridge purchased for $100 is expected to sell for $300-$350, yielding a profit margin of $200-$250.
"I'll probably sell for about 300 to 350 dollars once we test it out and it's working I've paid $100 ..."
Nov 7, 2019
Pending
A stainless steel fridge, purchased for $100, is expected to sell for $300-$350, yielding a $200-$250 profit margin.
"for example this stainless steel fridge behind me I'll probably sell for about 300 to 350 dollars on..."
Nov 7, 2019
Pending