21. I've been thinking about rebuilding and selling used appliances. A
friend of mine seems to make a lot of money doing that. What's your
opinion?
This is a logical question but the answer is no, don't do it except as
a short term learning tool. Keep in mind that this program shows you how
to make easy money. Some rebuilders do well, (the exception I
might add) but it is a tough way to make a living.
A reconditioning shop needs a lot of expensive, warm, dry space, trucks
and strong backs (Ugh, employees already!) to move appliances around. The
bulk of trade-ins are shot and need serious repairs. Customers tend to be
poor and otherwise undesirable. But worst of all, to stay in
business, you must warranty the old junk for too long. Do I need to say
more?
Rebuilding is covered in full detail in the program, but simply said, good
COD work is far superior.
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