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What profit margins are you happy with?

Offline Travis

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What profit margins are you happy with?
« on: April 12, 2014, 02:14:06 PM »
I know some buyers who won't buy a unit unless they can quadruple their money. When I was buying full time, if I could double my money, I'd buy the unit. 

What profit margins are you happy with?

Re: What profit margins are you happy with?
« Reply #1 on: April 12, 2014, 04:03:47 PM »
I hope to triple my money.

At least double it.

Re: What profit margins are you happy with?
« Reply #2 on: April 12, 2014, 08:27:08 PM »
I need a little bit more than double the cost (including gas). Glad to be back, hope all have been well!

Offline alloro

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Re: What profit margins are you happy with?
« Reply #3 on: April 13, 2014, 12:27:03 PM »
I've had units where I was worried over just breaking even, I've had units were I've made 2X, 3X, 4X, etc. profit. It doesn't matter much to me as long as I don't lose anything. Of course the more the merrier!

Offline alloro

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Re: What profit margins are you happy with?
« Reply #4 on: April 13, 2014, 12:27:43 PM »

Offline Cobia

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Re: What profit margins are you happy with?
« Reply #5 on: April 20, 2014, 06:40:06 PM »
3 times the money up to about $2000 then anything between 3x to 2x after that. Never less then 2x.

So a $500 unit, I really need to make $1,500; but a $2,000 unit I can live with $4,000 return.

But that's all best case scenarios since 20% of the units I do buy are break even or loss, and sometimes some of the other 80% can have returns of 10x. My best unit so far this year was a 40x return.

My average return last year was something a little over 2.5x. This year has been better, I think I'm running about 4.5x, heavily slanted by that one unit though.

Offline dbr831

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Re: What profit margins are you happy with?
« Reply #6 on: April 20, 2014, 08:14:12 PM »
Depends on the price and work load. It's not worth the labor to double or even triple on a couple hundred dollar unit if there is a lot of stuff to move and dispose of but I'm ok with doubling or tripling on a couple thousand dollar unit and making a few trips to the dump.


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