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Make 200-300% profit markup on some easy work

Discussion in 'Making Money' started by kasher9, Jun 27, 2014.

  1. kasher9

    kasher9 Jr. VIP Jr. VIP

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    Hey guys,
    I was having a coffee today with a friend of mine, and he told me something extremely interesting, for people that have the knowledge, this could be highly lucrative.

    What he said was he goes to local scrap yard in uk, and buys necessity parts for popular cars in bulk. He then personally couriers the parts in a truck to places in eu like switzerland and romania where car parts are still very very expensive. I personally know this works because back home in uk, for a clutch it'd cost me anywhere around £150-200 for a decent one, but here in switzerland its something like 300-400. The difference between driving them directly to car mechanics and selling on ebay is that a) most people that want cheap car parts in the remote countries will not think of it as a viable option to import and b) they usually go to their local mechanic and c) you can sell to the garages in bulk thus increasing your margin.

    I'm sure some of you already do this on here, but maybe its an idea for those who have mechanical knowledge as well as language skills.
     
  2. JessicaXO

    JessicaXO Newbie

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    Seems like a good idea if you live in the UK and have a truck..Preferably one that gets decent MPG or else that extra earnings are going to waste lol :p
     
  3. Duffers5000

    Duffers5000 Elite Member

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    I sell car parts. I can list 100 reasons why its not as profitable as it sounds in the coffee shop but the obvious ones are transport , storage, faulty parts and returns and most importantly compatability. One make/model of car that has a five year production run can have multiple clutch/transmission/running gear configurations. Oh and companies like eurocarparts will post stuff to Romania/Switzerland pretty cheap anyway.
     
  4. Carepolice

    Carepolice Power Member

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    Is there anything you don't do? :)

    On topic, you should also consider the labor and cost involved in this type of venture. It's not exactly free or instant. However, it could inspire someone to consider their local markets and think bigger than car parts so for that I say well done.
     
  5. kasher9

    kasher9 Jr. VIP Jr. VIP

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    Eurocarparts posts to switzerland but they charge £37, and as I said he only sells the most popular parts+ when a clutch goes, you generally want to get it done immediately, but it takes 3-5 working days just to get the part from UK. Whilst all you're saying is true, moving popular parts wouldn't be difficult in switzerland since parts are incredibly expensive. The issue is that the culture over here (from what I have understood) is that they prefer to go to their local mechanic as opposed to sourcing the part themselves (as opposed to UK where companies like eurocarparts do very well) - in fact there's only 1 website in Switzerland that sells and their range is very very limited. The same goes for a lot of european countries, so if you can speak the language, this is highly lucrative. Culture makes a huge difference in sales, when my car breaks down in UK, I usually try and fix it myself or I'll source the part and look for the cheapest labour, this goes for the vast majority of thrifty motorists in UK. In switzerland however, when my car broke down everybody I know just directed me to a mechanic instead of trying to figure out the problem and source the part. In fact, I see LOTS of shitty bangers being towed to EU by trucks from the UK at the dover channel, and the trucks are usually with EUR license plates. Whether they're running a chopshop I don't know, but its apparent that people are making bank from it. Perhaps you should consider it.

    Yeah I mean people are complaining that the UK market for this is way too competitive, and with UK soon to be (probably) coming out of UK, this could be a good way to get some extra income before the borders are closed.