Wanna find out how much money you could possibly make with Appliance Repair? Check out my FREE PROFIT SIMULATION at www.applianceprofit.com/FreeProfitSimulation
Do you carry a lot of parts either in your van or at a warehouse? Do you work on all brands? I mostly work on GE, LG, SAMSUNG, KENMORE. FRIGIDAIRE, WHIRLPOOL things like that.
Learn sealed system. R600, Samsung and LG will keep you busy. Average $600-700 labor per call. You can get more for high end. Thermador, Viking, Sub Zero and Wolf
Thank you for the video, I have worked for Sears for 1 year just in refrigerator I believe I am ready to start my business however I want to learn washers and dryer too, Some of the calls you always need to come back and install the part, are they included in the average price per call?? Thank you
That's exciting that you are thinking about going on your own! Yes, customers like it when you give them one set price. So it accounts for the second trip.
Good figures, Sir! However, would you please show how much you pay for the lead? GOOGLE is the most efficient, but it is expensive. YELP is absolute trash. So we have THUMB and Google, warranty companies and property managers. What is your average lead cost? ANd what is the state you work in?
We use a flat rate guide, so the price we quote won't change. But there is plenty of profit margin "builtin" to the flat rate price that if we have to order and return, we still make a profit! But first call completes are always best!
In the process of starting my own LLC in Hawaii. Is it better to push brands I’m familiar with to not risk bad review being that I’ll need to learn more. Or should I stay with brands that are familiar with what I do. Also how can I get a contract with warranty companies.
Sticking with what you are familiar with is not a bad idea, but most of the other appliance brands, even higher end brands, still operate the same. So I would try to transition at some point soon. You don't want a customer to have to find another company for a different brand in their home, at that point, they will just stick with whatever company can handle all appliances for them. And simply reach out to manufacturers and they will tell you if they need another service provider and they will set you up.
Yes, you will be in much better shape if you use a job rate, charge what you are supposed to charge. It's tough to make it big on service charges only.
i ve been a tech for 1.5 years now and can work on all appliances. but i know sealed system but have never worked on it. dont have EPA . can i start my business without EPA ?
When you talk about "ticket value", is that before or after subtracting the cost of parts? In other words, let's say you had a job where the customer paid you $200 total and you had to install a $50 part. Would your ticket value, as defined in this video, be $200 or $150? Thanks for clarifying.
Ticket value would be the total cost that the customer pays. So therefore, no deductions yet. And these numbers have changed slightly since. Maybe I'll do another updated video soon
@@theapplianceprofithow much does the lead cost? And how much for confirmed lead? And if it’s not a secret in what city the ads is working? And did you adjust it somehow? If yes can you do a video about it?
Where do you get clients? If it's a Google ads or SLA, then each lead will cost you about $80-$100. So if you do a $100 service call, you basically work for free. You have to count the cost for lead! Taxes and etc. Your math is not correct.
My guy what are you repairing onn 12 Jobs you skip them lg kitchen aid mnogram sub zero refrigerator this aint the 90s bi mets timer evap motors you gotta get out torches to fix 4 out 10 refrigerators
100$ per diagnostic - sounds sweet - 1 leas costs from 80$ to 150$. Just to get this costumer you will spend everything or more then he pays you 🎉 after a year you r broke living on the street
If you work for a company u split 50/50. If you work for yourself you pay a lot for every costumer call. Google, yelp… they will take a lot out of your pocket
Wanna find out how much money you could possibly make with Appliance Repair? Check out my FREE PROFIT SIMULATION at www.applianceprofit.com/FreeProfitSimulation
Just curious but what state/city your in because seems not possible in my area nowadays?
I have owned my appliance repair business for about 6 years. My average ticket price is about $260. It's a great business!
Thats not including parts?
Do you carry a lot of parts either in your van or at a warehouse? Do you work on all brands? I mostly work on GE, LG, SAMSUNG, KENMORE. FRIGIDAIRE, WHIRLPOOL things like that.
Just curious what number of population is needed to make 5 calls a day?
Learn sealed system. R600, Samsung and LG will keep you busy. Average $600-700 labor per call. You can get more for high end. Thermador, Viking, Sub Zero and Wolf
Yeah, talk about headaches though.
I’m an hvac technician, and I want to learn how to fix appliances too. Is there any training you recommend to start with? Thanks 🙏
@Tito-hvac8 i was an hvac technician
And GE paid me well to come learn Appliances.i dont regreg it
I would suggest a course or buy broken appliances
Thank you for the video, I have worked for Sears for 1 year just in refrigerator I believe I am ready to start my business however I want to learn washers and dryer too, Some of the calls you always need to come back and install the part, are they included in the average price per call?? Thank you
That's exciting that you are thinking about going on your own! Yes, customers like it when you give them one set price. So it accounts for the second trip.
All you have to do is ask. I'm crossed trained to do all.
Excellent channel, I needed this, please continue.
Thank you brother!
Good figures, Sir! However, would you please show how much you pay for the lead? GOOGLE is the most efficient, but it is expensive. YELP is absolute trash. So we have THUMB and Google, warranty companies and property managers. What is your average lead cost? ANd what is the state you work in?
Our average cost to aquire a customer thru Google ads is around $20-$22. It can vary depending on time of year.
Where do you purchase parts?
Cost of parts? Diagnose fee applied toward repair?
Yes
What happens on the jobs where you may have to order parts or recalls
Do you charge again?
We use a flat rate guide, so the price we quote won't change. But there is plenty of profit margin "builtin" to the flat rate price that if we have to order and return, we still make a profit! But first call completes are always best!
@@theapplianceprofitThis rate guide - is that something you created or can you buy it somewhere?
Starting off myself.
3 years experience, looking to grow my business now.
That's exciting man! You got it!
I've been repairing for 6 years Im looking to operate my self
Any vecancies is there bro
Does course go into warranty company work.
Yes I cover that!
In the process of starting my own LLC in Hawaii. Is it better to push brands I’m familiar with to not risk bad review being that I’ll need to learn more. Or should I stay with brands that are familiar with what I do. Also how can I get a contract with warranty companies.
Sticking with what you are familiar with is not a bad idea, but most of the other appliance brands, even higher end brands, still operate the same. So I would try to transition at some point soon. You don't want a customer to have to find another company for a different brand in their home, at that point, they will just stick with whatever company can handle all appliances for them. And simply reach out to manufacturers and they will tell you if they need another service provider and they will set you up.
But if you charge high, it is a good business . Average sell we do 278$ , so it is a profitable businesss
Yes, you will be in much better shape if you use a job rate, charge what you are supposed to charge. It's tough to make it big on service charges only.
What epa certification is required?
Type 1
i ve been a tech for 1.5 years now and can work on all appliances. but i know sealed system but have never worked on it. dont have EPA . can i start my business without EPA ?
Yes you can start without it
you need EPA to buy freon ( 134a) eventually
To even do sealed system repairs, you need epa.
When you talk about "ticket value", is that before or after subtracting the cost of parts? In other words, let's say you had a job where the customer paid you $200 total and you had to install a $50 part. Would your ticket value, as defined in this video, be $200 or $150? Thanks for clarifying.
Ticket value would be the total cost that the customer pays. So therefore, no deductions yet. And these numbers have changed slightly since. Maybe I'll do another updated video soon
What are the margins like?
Very good! 😉
Which appliance repair is the most profitable?
Refrigerators easily. Especially when you get into sub zeros.
and how do you get 5 calls a day ??
Google Ads is the absolute best way I have found after all these years! It fills our schedule everyday!
@@theapplianceprofithow much does the lead cost? And how much for confirmed lead? And if it’s not a secret in what city the ads is working? And did you adjust it somehow? If yes can you do a video about it?
A landed lead costs us about $21
Are these salary sites accurate? They say appliance tech makes on average about 46k per year.
That's probably pretty close. But that is likely someone who is employed for an appliance company.
Yes it’s for the techs who work at sears and such, you won’t get an accurate answer for owners
😅
I have company in uae 🇦🇪 my experience in bosch and siemens lg samsung brand over 13 years i can strart in usa 🇺🇸 same business
Very good!
Where do you get clients? If it's a Google ads or SLA, then each lead will cost you about $80-$100. So if you do a $100 service call, you basically work for free.
You have to count the cost for lead! Taxes and etc. Your math is not correct.
My last 7 days I have gotten paying customer for less than $21
I too use Google advertising and I'm right around $20
My guy what are you repairing onn 12 Jobs you skip them lg kitchen aid mnogram sub zero refrigerator this aint the 90s bi mets timer evap motors you gotta get out torches to fix 4 out 10 refrigerators
Just a variety of repairs.
Want my FREE COURSE? www.applianceprofit.com/FreeAccess
100$ per diagnostic - sounds sweet - 1 leas costs from 80$ to 150$. Just to get this costumer you will spend everything or more then he pays you 🎉 after a year you r broke living on the street
What?
@@bruhbry831bro thinks you're only gonna have 1 customer a month
@@elvatoandy fr lol 😂 maybe he lives in a ghost town in the middle of nowhere 🤷🏾♂️
Tough business. Too much junk today
Yes the manufacturers are indeed making junk, but that's great for the repair company!! 😉
If you work for a company u split 50/50. If you work for yourself you pay a lot for every costumer call. Google, yelp… they will take a lot out of your pocket
Are discourage people? .... Is good business I work for a company I make over 68k a year imagine if you open your company
Amen!