11/19/2022 0 Comments Middleman examples![]() You do have to keep a mental log or physical log of where your suppliers are in a certain area – until you memorize it by sheer repetition. I don’t have anything against what your suggesting, but I simply look down at my day planner and know what I have to accomplish that day. I pick up the phone and talk to my other buyers in that area the day before so I can knock it all out in short order. My buyers simply text me or I check in once a week, especially if I know I am going to work (Meaning pick up and deliver **insiert product here**) a certain 5 to 10 block radius in a particular part of town. I see my suppliers on a regular bassis so I know what their situation is. Personally Sam, I don’t have to use any type of scheduling these days beside a day planner. After 20 years – there is not much I haven’t run into as far as problem solving when it comes to this biz model Reply I’d be happy to answer any and all questions. #Middleman examples freeIf you have any other questions, feel free to set up a phone chat. Because his 3 hour work days had turned into 16 hour days since he had overcomplicated a process that didn’t need to be complicated. He wished he never had moved away from the way I was operating. In fact the first pallet yard I sold to on my first day (that I mentioned in the podcast) made the mistake of moving from my model to the pallet yard model and forever more complained to me how he and his wife regretted it. When you go with the model described in the article – your life would become infinately more complicated. (no repairs required) – having them loaded on my truck by the suppliers employees – strapping them down tight and driving a few blocks to my buyer. I’m simply picking up perfectly good product – pallets / crates / dunnage / broken down corrugated boxes / 55 gallon metal drums / wire reels etc. This model cuts all that out of the equation. You would have to lease a property, secure it, buy forklifts, hire help to fix pallets, buy nail guns and supplies on and on. That model would put you in a difficult situation. The difference in this biz model compared to the examples in the article is that they article is refering to you having to own a pallet yard. transports this stuff without having to store it (a great way to make money with a truck!).It’s certainly one of the more interesting side hustles, and it sets the cogs turning to think of other niches that can fit this model. “It’s quite simple…but has to be set up in the correct manner for it to work,” John said. He spends his mornings picking up items from one business and selling them on to another just a few miles away. Wanting to operate without storage space and employees John has found the perfect balance between supply and demand. He asked if they had pallets and other shipping byproducts they didn’t need, what they were currently doing with these items, if they needed any items, and explained how he could help. John hit the pavement and started knocking on the doors of industrial businesses, large warehouses, distributors, and scrap yards. “Bottom line is I’m a middleman,” John said. Realizing the pallet yards were selling them for a profit to businesses that needed them, John saw an opportunity. John Wilker started out buying or being given pallets free by businesses that had no need for them and selling them to pallet yards. His business model? Buying industrial byproducts, the kind of stuff that’s used for shipping like pallets, cardboard boxes, crates, and so on, and reselling them for a profit. John made $1614 before 11am the day we recorded this episode. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |