Can You Make Over $100,000 a Year in the Auto Repossession Business?

A common question in the repo industry is, “How much money do repo men make?”

If someone told you that you could make over $100,000 a year in a bad economy without a college degree, you’d think they were crazy.  But some auto repo business owners are not only doing well – they’re making six-figures a year.  When the economy does bad, they do better!

How Much Do Repo Men Make?

If you start your own auto repossession business, you can expect to earn $250 (or more) per repo’ed car.  If you repossess two cars a night, five days a week, that’s $130,000 a year.  It certainly requires hard work and determination, but it’s possible.

Repossession agents make the most money when lenders hire them to track down hard-to-find debtors – which is called “skip-tracing.”  If a debtor voluntarily gives up their car (or if they’re easy to track-down,) an agent may only make $100 for the recovery.

Repo men who work for someone else typically earn 40% of the repo fee – or $70 to $100 per recovered vehicle (on average.)

What Are The Pros and Cons of Owning Your Own Repo Business?

While it’s true repo business owners make the most money, they have to pay for gas and overhead expenses before they get paid.  And, as the motto in the repo industry goes, “no recovery, no pay.” 

Fortunately, you don’t need to invest in expensive equipment to start a repo business.  In fact, you usually don’t need a tow-truck!

That’s because many lenders keep key codes on file for every vehicle they own.  Sometimes they even keep a spare set of keys!  All you have to do is get a key made, find the car and drive it away.

You can invest in a minimal amount of equipment to get started, and reinvest your profits as your business grows.

What Are The Pros and Cons of Becoming a Repo Man for Someone Else?

Although there are advantages to owning your own business, many repo agents find it easier to get started working with an established repossession company.  That’s because in some states, there are many hoops to jump through to become a licensed repossession business, including:

  1. Getting bonded and insured
  2. Competing a required amount of training (not all states require this)
  3. Familiarizing yourself with repossession, investigation and collection laws
  4. Investing in adequate equipment, computers and software for your business

In fact, many repo businesses owners got their start working for someone else!

While the repo business isn’t for everyone, if you have a tough skin, a hard work ethic and an entrepreneurial spirit, it can be lucrative whether you work for someone else or yourself.  The key is getting adequate training before you head out into the field, so you can avoid common (and costly) mistakes!

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Make Dry Ice Blasting Your Small Business Opportunity

What is dry ice blasting? Dry ice blasting is a form of abrasive blasting industrial cleaning that uses a solid form of carbon dioxide known as dry ice. Pellets or ice is shot through pressurized air stream of either one hose or two hose machines.

Which system is best? Most systems today are the single hose technology. Technology using the single hose was created by the Cold Jet company in 1986. One advantage of the single hose system is that it avoids the possible dangers of a pressurized hopper by the use of a quick cycle airlock. Another advantage of the single hose system is that it has more power and you can use a longer hose.

Making massive money! There are many ways to make money cleaning with dry ice. Many people prefer dry ice blasting for paint removal, because it is less harsh than sand blasting. Another great business opportunity is to clean food processing equipment. Because it can decontaminate surfaces that could contain salmonella and e. Coli. Dry ice can clean without residue so the environmental protection agency prefers it to many kinds of solvent based cleaners. The aerospace industry also uses dry ice blasting to sensitive equipment like clean semiconductors. Manufacturers are also a great business opportunity because cleaning with cold can be used for maintaining their equipment and can drastically reduce their down time.

The freeze jet is just one of several different types of dry ice blasting equipment. For around $3,000 you can usually purchase a dry ice blasting machine.

What about safety? How safe is this type of industrial cleaning? Cleaning with cold (normal pressure is -78 c(-108 f) can be toxic if the concentration is over 1%. Asphyxia can be caused because of oxygen removal so dry ice must be used in a well ventilated area.

Safety Equipment: Typical safety equipment will include a positive pressure blast hood or helmet. Air hoses are attached to a grade D pressurized air supply, which is mandated by Occupational Safety and Health Administration (OSHA). Also using ear plugs for hearing protection is part of the usual safety equipment. Body protection usually includes gloves and overalls as well as a leather coat and chaps.

What fees can I charge? How much money can I make in this industrial cleaning business? Total typical fees can range in the $300.00 per hour range, so it can be one of the more lucrative types of industrial cleaning.

The Benefits of Dry Ice Blasting: This type of industrial Cleaning meets EPA, USDA, and FDA guidelines. Has less clean up of the waste material. Extends the life of the equipment. Cleans more thoroughly. Reduces or eliminates equipment damage. Provides a safer cleaning environment. Is Non-polluting and environmental friendly. Can destroy and eliminate bacterial and fungal growth.

How can I get started? You can get started with your small business by beginning with a business plan. A business plan is a formal statement of business goals, reasons they are attainable, and plans for reaching them. It may also contain background information about the organization or team attempting to reach those goals. It should also contain a good marketing plan. Then apply for small business government grants or small business loans, so you can purchase equipment.

Having your own business can help you to end money worries. Having a business plan is essential to having a successful small business. Knowing how to market your small business for little or no money is an important key to your business success as well. Imagine how much more profit you can have when you don’t have to budget much on advertising.

Get colossal cash from government contracts. Companies interested in selling their products and services to the federal government (the United States General Services Administration) can prepare by fulfilling applicable requirements, and registering in the appropriate systems. Companies may also participate by seeking sub-contracting opportunities with current contract holders. The General Services Administration provides and contracts for Billions of dollars’ worth of products and services for federal agencies.

In summary dry ice blasting can be an extremely profitable business and helps with the environment as well.

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10 Reasons Why You Should Manage Your Business Ethically

Why are ethics in business so important? Isn’t it enough to comply with the letter of the law and the rules of society? What’s in it for the business enterprise?

These are all interesting questions. Many business owners feel that maximizing profits is the chief obligation of the firm. Other owners feel that operating a business in a transparent, ethical manner is also important. Both business management and business ethics are about making the right decisions. Does one have to exist to the exclusion of the other?

I think not, and here are the reasons why managing a business ethically is important:

1. It sends the right message to customers and clients. With all the choices available nowadays, who wants to do business with a shady, ethically-challenged company?

2. It sets the right example for the firm’s employees. The temptation to cut corners or behave illegally, immorally, or unethically is reduced if employees are familiar with the firm’s code of ethical conduct and the certainty of its enforcement.

3. It can make the firm a desirable place to work. Recruiting, and then keeping, high-quality employees is far less costly than managing a turnstile where people come and go in bulk quantities.

4. It establishes a prism through which a company views not just normal business dealings, but the handling of extraordinary events or crises. When all options have been considered, asking “What is the right thing to do?” ultimately becomes the basis for action.

5. It provides a clearer focus for the firm. That clear focus is found not just in the tactical day-to-day operations, but in the firm’s strategic planning, as well.

6. It helps protect the interests of the firm. Ethical behavior doesn’t always insulate a firm from lawsuits, bad publicity, or other such negative and costly conditions, but it can certainly reduce the probabilities or mitigate the damage.

7. It helps protect the interests of everyone with whom the firm comes into contact. Will suppliers become more reliable if they know they will get paid on time? Will regulatory agencies be more helpful and accommodating? Will clients be more trusting? There is an obvious higher likelihood of the foregoing answers becoming “Yes” with a company who is seen as highly ethical, than with one who is not.

8. It promotes mutual respect and integrity. This can happen both within the company and from those whom the company deals with.

9. It promotes accountability. This can occur not just within the ranks of the employees, but with the top executives and owners, as well.

10. It can yield a reputation in the marketplace that can be beneficial and sustaining. Isn’t this a desirable condition for any company? If it isn’t, it certainly should be.

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A Wedding Invitation Business is Inexpensive and Easy to Do

If you’ve been thinking of opening a wedding invitation business, let me just say, “Do It!” It’s very easy to do and, depending on which way you decide to go with your business, the start up cost can be as little as a few hundred dollars.

There are three types of wedding invitation businesses. The first type, where you work as a manufacturer’s representative, is probably the least expensive in terms of start up costs, and also probably the easiest way to get into the business, especially if you’ve never had your own business before.

In this business model, you simply sell the manufacturer’s ready made cards, you act as their representative in your area. They provide you with samples and order forms, and there’s usually some type of training or support system in place to help you when you have questions. Although there may be some small investment required to get sample books from the manufacturers, you don’t have to invest in any stock or supplies with this method.

If you’ve never sold wedding invitations before, this is a good way to start. All the work is done for you. The invitations are already printed and packaged, the order forms are already created and the pricing is already set by the manufacturer. All you have to do is sell the invitations and you earn a commission for each sale from the manufacturer. This way, you can concentrate on learning how to run a business, and the ins and outs of selling wedding invitations, without investing any of your own money.

Another option you have is to sell Bespoke. These are invitations that you create yourself from card stock, pretty papers and embellishments like ribbons and pearls and flowers. This type of invitation business requires the largest investment of time and money, usually $1000 to $3000, but also has the largest profits because you can set your own prices. And if you’re the artistic type, you’re creations can command a very pretty penny. This business model, though, requires that you have more than a basic understanding of business because, since you’ll be making the invitations yourself, you’ll have to know how to control your costs and how much mark up to include in order to make your business run profitably.

The third type of wedding invitation business, which is the best method in my opinion, is the combined business. In this case, you sell sell pre-made blank wedding invitations and stationery, that you get from a supplier, and you finish it off on your home computer. With this method, you’re not working for a manufacturer, you’re purchasing the blank invitations from a supplier. The cards are already decorated on the outside, all you have to do is print inserts for the invitations and other assorted cards, and then put the inserts inside the invitations.

Opening a wedding invitation business that concentrates on selling the combined invitations is really the best way to go because you have very little initial investment, only the few blank cards that you want to start off carrying, and you get to set your own prices. While not quite as profitable as selling Bespoke, this method is more profitable than if you were a manufacturer’s agent.

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7 Top Tips From the Business Woman of the Bible, Lydia, for Today’s Woman of God

Lydia was one of the most successful business women in the Bible. You will find her story in the Bible in Acts 16:14-15. According to Biblical records, Lydia was a business woman who dyed and sold purple cloth, a material used by the wealthy and elite of the day. This meant Lydia worked in a high-priced market with a high-end target market.

But Lydia was more than just a woman who sold luxury goods to the elite and the powerful. From all accounts it appears she was also the head of her household, an employer of others, and a woman of great Christian faith. She was the first European convert to Christianity and the first to establish a church in her home for other Christians. Fellowship times included examples of how to do business and worship as a part of a business woman’s day.

As a powerful woman of God, Lydia has much to offer today’s Christian business women. Here are seven valuable lessons for women of God from the Bible woman, Lydia.

1. Keep prayer in your daily activities. The bible story of Lydia says she met the Apostle Paul at a place of prayer. She also opened her home to have worship services for others. Keep your priorities in order as a woman of God. Remember to pray unceasingly about everything including your business activities by making prayer a priority activity on your daily schedule.

2. Work to please the Lord. Lydia took her responsibility as a Christian business woman to work “as unto the Lord” very seriously. You can show Christian beliefs through your nature and personality without being pushy or unprofessional. Show Biblical principles through your actions and decisions in your business.

3. Design a powerful company. Lydia was a no-nonsense business woman who built a major company in a wealthy market. Nothing says a woman of God has to play small in the business world. Christian business women should be open to working in all types of industries and not shy away from the potential of going big. If you are pursuing big dreams use Lydia as your role model for growth.

4. Try non-traditional opportunities. By being a successful and wealthy merchant of purple cloth Lydia was in a non-traditional business category during her times. Don’t shy away from embracing non-traditional business opportunities. Consider working in fields where few if any woman are already excelling and create new paths to success.

5. Find your balance between work and home. Lydia maintained her household even while running a powerful business. Each woman has to find the way to balance, keeping her home in order while running a business. It might mean downsizing or hiring help. Use your business skills to figure out what works for you to get it all done.

6. Learn to grow your business. Lydia’s business was so successful that she had to hire employees. Growing a business means eventually needing to hire help. That help might come in the form of a part time assistants, independent contractors, freelancers or full-time employees. Start in the initial business planning stages to consider how and when you will start to hire help so you can expand your business operations. This creates jobs for others, increases the economy of your area and increases your status and influence as a business professional.

7. Know you can be prosperous. Lydia shows that successful Christian women can be highly prosperous. There’s no reason to fear money or to shy away from earning large amounts of money in business. The important key is to keep a check on your heart so money does not become your focus instead of God. Lydia was a business woman in the Bible who prospered while giving all glory to God.

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Painting Business – 13 Point Checklist of Essential Tools Most Needed to Start a Painting Business

If you are considering starting a commercial or residential painting business you will only need some basic low-cost tools to start with. You can buy other tools as more jobs come along and with your down payments. Here is a list of the most essential painting business tools needed to get you started.

1.) Quality Cage Frame – Also known as a paint roller. Wooster and Purdy both have strong, commercial-use cage frames sold at most professional paint stores.

2.) Extension Pole – Get yourself a good medium-size fiberglass extension pole for rolling out walls and ceilings.

3.) Wall-Sander – I always sand walls and ceilings before I roll them out. It cleans up cobwebs and anything else that needs to be knocked down to make the walls and ceilings smooth.

4.) Roller Bucket – I use Wooster’s roller bucket. It is tall, square and has a lid. It is made out of durable plastic and balances a lot better than a paint tray and washes out easy. It’s a must have.

5.) Cut-in Bucket – I like to put some paint in a small plastic bucket for cutting in. There are small 1-gallon buckets of drywall compound that when empty make a great cut-bucket plus they have a lid. They will last for years.

6.) Step Ladder – A regular wooden 5-foot step ladder works perfect for most homes. If I need a 6-foot ladder I have an aluminum one for that. Most of the time all I need is my 5-footer and I am only 5’6″ so there you go.

7.) 16′ Extension Ladder – Great for stairwells or ranch-style exterior jobs. I use my 16-foot extension ladder more than any other size. I also have 20′ and a 24′ extension ladders, but i couldn’t get by without my little 16-footer.8.) Drop Cloths – I like using the runner type the most. They are inexpensive, light to carry and can be moved around the room easily. I also have 9 x 12’s on hand.

9.) Fluorescent Light – Interior painting without a fluorescent light is nearly impossible, especially on a cloudy day. Fluorescent light is a nice white light that is great for painting and shows up the colors in their true form.

10.) Tool Bucket – An empty 5-gallon bucket makes a great tool bucket. I keep my pliers, a hammer, razor-blade knives, a caulk gun, etc., in my tool bucket.

11.) Small Fan – I bought a $30 blower type fan made by Stanley Tools from Walmart. It dries out walls and ceilings quickly so you can get back to work cutting in and moving around the room without it being wet.

12.) Drywall compound – I hate Spackle. It flashes under paint jobs. I use the Sheetrock brand of 90-minute quick-dry drywall compound found at Lowes or other hardware stores for around $11 a bag. It will last me all year long. It is the powder formula and is easy to mix up right on the job with water and a small cut bucket. This way you don’t have to carry a heavy 5-gallon pale around with you that can also freeze during the wintertime and can get lots of chunks in it over time.

13.) Caulk Gun – I use painters caulk all the time to fill small gaps between woodwork, trim and walls. Most paint stores have it on hand. I use the 35-year interior/exterior type.

So there you have it. If you are considering starting your own painting business and want to know how much it will cost to get started this list will help you. I would guess off hand that everything on the list totals around $300. If you already have a step ladder and even a small extension ladder, this will cut the start up cost down considerably.

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7 Thoughts From Scripture for Struggling Christian Business Owners

I have seen a lot of articles that list scriptures for Christian business owners, but rarely do they have practical wisdom that goes with them. Yes, scripture can speak for itself, but when we are struggling Bible verses seem to get glossed over by our stressed out mind.

I want to share with you seven Bible verses with seven thoughts and seven insights. I know when I am going through a tough time, it helps me to ‘hear’ from someone who understands what I am going through. It makes the Bible come to life when someone shares it from a perspective of a Christian entrepreneur.

Worries are like butterflies, they need to be released.

It is easy to worry. There are so many things to think about it can be overwhelming. Take heart… and mind. When we look at the way we try to handle our problems, we often leave God out of the solution. He cares about all the things you go through and is there to help when we ask Him. We must learn to release our worries to God so that He can work wondrous things for us.

Philippians 4:6-7 “do not be anxious about anything, but in everything by prayer and supplication with thanksgiving let your requests be made known to God. And the peace of God, which surpasses all understanding, will guard your hearts and your minds in Christ Jesus.”

Humility lets us bring others into our struggles.

Sometimes when we get caught up in tough times we try to take on everything ourselves. We must learn to delegate and let others help us. We must bring others in to pray for us and with us. We are leaders in our business, but more than that, we are part of a faith community. God wants us to help us with our anxieties and He may have placed people in your life to do just that. We must remember that God cares for us.

1 Peter 5:6-7 “Humble yourselves, therefore, under the mighty hand of God so that at the proper time he may exalt you, casting all your anxieties on him, because he cares for you.”

Our reaction to our struggles defines our success.

We don’t like to go through hard times, but when we do our reaction to those tough times can make or break us. When we redefine our struggles in light of what God is doing and has done in our lives, we find God’s power working even in the tough times.

James 1: 2-4 “Consider it pure joy, my brothers, whenever you face trials of many kinds, because you know that the testing of your faith develops perseverance. Perseverance must finish its work so that you may be mature and complete, not lacking anything.”

Perspectives help us define our problems.

When we go through tough times, we get caught up thinking about all the bad things that could happen. I have an elderly lady at my church tell me, “Quit sowing worries.” If you look at your troubles in light of all the things that others are going through, your problems may seem a lot less. Across the world people are starving, being beheaded for their faith and their homes are being destroyed by bombs. How does your problem look compared to those?

Psalm 46: 1-3 “God is our refuge and strength, an ever-present help in trouble. Therefore we will not fear, though the earth give way and mountains fall into the heart of the sea, though its waters roar and foam and mountains quake and with their surging.”

We can praise God even when times are tough.

David went through some horrible trials. His boss tried to kill him. His best friends betrayed him. His kids killed each other. Yet, through all of these things, he always took time to worship. He looked to God in the good and the bad. There are so many Psalms that start out talking about how bad thing are only to end by focusing his attention back to praising God for all he has.

Psalm 37: 3-6 “Trust in the Lord and do good; dwell in the land and enjoy safe pasture. Delight yourself in the Lord and he will give you the desires of your heart. Commit your way to the Lord; trust in him and he will do this; He will make your righteousness shine like the dawn, the justice of your cause like the noonday sun.”

Action trumps worry almost every time.

Worrying is what happens when we are not taking action. Christian business owners are people of action. Instead of worrying about the things you cannot change, take action on the things you can. Action will lead to better results than thinking and worrying about your struggles. Take time to write out your problems, get them out of your head and plan a strategy to take care of business.

Matthew 6:25-27 “Therefore I tell you, do not worry about your life, what you will eat or drink; or about your body, what you will wear. Is not life more important than food, and the body more important than clothes? Look at the birds of the air; they do not sow or reap or store away in barns, and yet your heavenly Father feeds them. Are you not much more valuable than they? Who of you by worrying can add a single hour to his life?”

You have a purpose

If there is one thing you will see over and over again on this webpage, it is the fact that you have a purpose. You are a Christian. You were created to be an entrepreneur. God placed a desire in your life to help other and you are a Christian business owner who can make a difference in the world. Go and do what God has called you to do.

Romans 8:28 “And we know that in all things God works for the good of those who love him, who have been called according to his purpose.”

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