Notes

Home Staging - Bringing The Yard Together
Cut off the Catalytic Converter... Until recent years, this was one of the greatest secrets of the most profitable things to do, after you buy wrecked cars for sale. The catalytic converter contains platinum and other expensive metals that recycling centers love to get their hands on. Leaving the catalytic converter on the car is a huge mistake, because the average factory original catalytic converter is worth between $50.00 and $100.00, some of them even more!

Determine Your Need: Every spare part is made for a specific make and model of a BMW, Mercedes, Toyota, etc. It may not be compatible with another make or model. Therefore, wherever you will be buying your auto parts, be specific with your order. Let the dealer know that you need x part for y vehicle of make a and model m. Failure to do this may cause you to regret later on. Once you have defined what you need, we move onto the net stage.



If what you are hunting has small parts like screws and washers, take a Ziploc baggy with you too. This will make sure you don't lose them somewhere in the junkyard!

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.

2) The junk yard. While you might think you are above visiting a scrap metal junk yard , are you above saving a lot of money? Probably not. A quick stop in at the local junk yard might save you a lot of money compared to a new air filter. And, even better, this ties directly into point #1. A friend of my, Robert, needed an auto part so he looked online and found a junk yard. The junk yard shipped him a part that was almost new and he couldn't have been happier. Just cause an air filter is used, doesn't mean it's very used!

Look around you when you are on the road. There are millions of cars, buses, motorcycles, boats and not to mention sports vehicles. junk yard near me require or will require some maintenance or parts down the road. It is just a matter of time. In fact according to the U.S. Department of Transportation Statistical Records there were 241 million registered vehicles in 2007 in U.S. alone, and this does not include the vehicles in stores, salvage yards, auto auctions, and countless other places. Now, multiply this many vehicles by the number of parts an average vehicle has, and you get into trillions.

Keep a cash bank. Yard sales deal in cold, hard cash, so you will need plenty of change on hand to last you the day. Assume that the bulk of the sales will be paid in twenty dollar bills, so you will need a substantial amount of return change. To keep things simple, you may wish to eliminate any cents, rounding the price tags to whole numbers only. Your change should be locked in a mobile strong box, and taken with you should you need to walk away for a few minutes.
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