Quote:
Originally Posted by ShineShop
I would definitely tell you that out of ALL the auto reconditionong services you can offer, detailing provides the lowest return and the most amount of work. Reason being is detailing is the cheapest to get into and people for some reason have the impression that it is a goldmine. 95% of the people that have opened a detailing business in my city since I opened are GONE. Most of the people I know in the detailing business relate the same story about their area.
PDR has a FAR greater profit margin and operating expenses are next to nothing. However, as mentioned earlier it is difficult to learn and takes a while to get the hang of it. Paint touch ups and minor repairs has a great profit margin but start up costs are higher and there are environmental concerns. Window tinting is another avenue that is worth exploring but is extremely competitive and takes a while to get good.
There is no magic bullet in this business. You can make money if you are a good business person AND good at what you choose to do. I can't tell you how many very smart people I have met that opened a detail business and failed because they couldn't detail cars and great detailers that failed because they couldn't run a business.
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Excellent breakdown. I agree with you 100%. Additionally, I would like to add that your going to have to work crazy hours to make a decent buck. When your legit the bills are huge, and until you really make a name for yourself people are hard to come by. If you truly want to pursue the business, learn, practice, learn, and practice some more. Never stop learning, don't think that its going to be easy bc your the boss, make sure you set yourself up for a year of little to no profits, attend some expos to get your feet wet. I don't know what field your in and making money in, but I would suggest sticking with what you know... Maybe detail on the side to make some money, but todays maket is tough and starting a business although not impossible, it def will be a challenge. Best of luck to whatever you decide. Feel free to pm me to ask specific questions.