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how to make money in life

how to make money in life-A lot of people make some serious money from home selling junkyard auto parts. My husband’s been doing this for a while now and just loves it! I’m still amazed at how untapped this market is. Maybe because when you sell junkyard auto parts you’re not sitting at a computer all the time?

how to make money in life

 

how to make money in life

how to make money in life-But working from home doesn’t always mean making money online or just from your computer, especially if you’re doing any type of arbitrage deals.

And there are thousands of people looking for cheap auto parts online. Why not get in the game and be one of their salvage auto parts suppliers?

This is a business that you really don’t have to be a mechanic or detail specialist to make some real money, especially if you’re just dealing with interior or exterior restoration parts or basic engine parts.

how to make money in life

how to make money in the life-For example, a headrest is a headrest. Unscrew some parts and pull them out. Door panels are door panels. Unbolt them from the hinges and take it off. Engine components may be a bit trickier but you can always go on YouTube and find out what the parts are, what they do, and even how to remove them.

But even in this type of business, you may want to specialize in a niche. What do I mean by a niche when it comes to used auto body parts? Pretty easy. Here are some ways to drill down a niche just by specializing…

how to make money in life

  1. … in a particular make and model of vehicle
  2. … in sports cars
  3. … in truck parts
  4. … in engine parts
  5. … in exterior body parts
  6. … in interior restoration parts

how to make money in life-Just think about all of the parts that go into building a vehicle, whether it’s a truck or car. Some parts are even interchangeable between makes and models. For example, I needed a new front fender for my 2001 Mercury Villager. Did you know that the 2001 Nissan Quest has an identical body to the same year Mercury Villager?

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how to make money in life-They do! So my husband took the parts off of a junked Quest and replaced the fender and front light assembly on my Villager.

The cup holder assembly in my Villager cracked too. But instead of replacing that unit, he found a narrow console with built-in cup holders from a Dodge SUV that fit perfectly between the front bucket seats of our Villager. Same color and texture as the interior of our car; that console looks like it came with our van!

how to make money in life-So now we have three “new” cup holders in the front, and two additional cup holders for the rear seat, from one $10 used Dodge console.

You will have to do some research on eBay before going out and spending money. You can’t just go out and buy any junkyard auto parts and expect them to sell. There are some steps involved in making this a profitable at-home business.

    1. First, get a price list from your local salvage yard.

      Look for the least expensive parts on the list.

 

    1. Look up the parts on eBay and filter by Sold listings.

      how to make money in life-Take an average of what those parts are selling for and see what your profit margin is. For example, if it’s going to cost you $10 to buy the part and it’s selling on average of $85 or more, and there are a lot of them being sold, you’ve got a winner.

 

    1. Take into consideration how much time and effort you want to put into pulling the parts off the vehicles.

      Some parts are pretty easy and you’ll only need a couple of screwdrivers on hand. Other parts can be rather tricky, depending on whether you’re dealing with the interior, exterior, or under-the-hood parts.

 

  1. Another thing to think about is the weather!

    how to make money in life-Here on the east coast it gets really blustery during the winter. And in the spring, it can get pretty muddy out in the yard. So you need to make sure you’re dressing for the weather – be prepared for anything.

Source by Karen S Musselman

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