Originally Posted by
ScrapYaHerd
Msearl- In business everyone needs to make money, however the metrics used to distribute the earnings, and who earns what tend to be skewed...Sales can sometimes make as much or more than the owner/ceo even though they take on no risk, little vested in the company, and little physical labor usually, they just so happen to bring the $$ into the company. Then you got a laborer who busts ass all day, the job is integral into the success of the company but is payed the least, everyone thinks they should make top dollar no matter what it is. I am very well versed in risk vs return, capital expenditures, evaluating projects and predicting/discounting cash flows. I understand for a company to take on setting up a refinery they are going to hopefully evaluate all of this. The point of this thread was not to give perceptions of how we each think business should work but instead to figure out a rough margin on ewaste so lets get back on track. Maybe one day I will own a refinery never know...
Mikenreco-I hope you have other ways to increase your margin working hard for 20-30% isn't much...I think a good margin is at least 40-50%....Some resellers I hear hit the 1000% mark often.I'm an investor so I'M VERY FOCUSED ON % RETURNS. I work 80-90hrs and I expect my money to work even harder for me.
jghilino-There was steel as well as other things like gases, earth oxides, plastics, etc.that were resold but for simplicity purposes I did not include those materials. Some of the articles I read mentioned basically 0 waste systems.
To be competitive I think 30% after expenses is good.......This means every 1000 I spend I make 300 profit........For example I spent $700 today buying computer scrap from two individuals..........After shipping time etc I will bring in well over $1000 shipping to ewasted...........Who else is making $300 a day??? Not to many individuals out there doing manual labor make that kind of money and this is fairly regular for me so I'll take it LOL..............
Bookmarks