Congratulations, one of the best interviews I've seen about a business - right questions, good coverage of all aspects of the buildings, no small talk just what matters, only the necessary amount of time for the video without filling with random talking, etc. Keep it up.
I have a dumb question... $50,000/month in revenue. If he has 10% commission, he is only making $5,000/month. By the time you take taxes out, its only $4,000/month. So he's selling other peoples product for $50,000/month, but only making a $4,000 profit. Am i missing something?
I’m a Regional Manager in this industry, 10% of sales is normal for the commission. Doing 500k in sales in a year is very normal, the top guys will sell 2-3 million and make 10-13% of that.
Congratulations, one of the best interviews I've seen about a business - right questions, good coverage of all aspects of the buildings, no small talk just what matters, only the necessary amount of time for the video without filling with random talking, etc. Keep it up.
Thank you Scott for taking the time to tell us about your shed and storage business!
I'm in the media industry. And I wanna tell you. You did a great job on your interview. Great questions, You should pursue a career
I like the idea of peripheral business that you can start inside of one business.
Awesome business 👍
I have a dumb question...
$50,000/month in revenue.
If he has 10% commission, he is only making $5,000/month.
By the time you take taxes out, its only $4,000/month.
So he's selling other peoples product for $50,000/month, but only making a $4,000 profit.
Am i missing something?
I would say the upside is that he was only working 10 hours or less a week.
Gotcha! Thanks for the reply. Seems like a good side business to start.
This guy is making 50k a month or making a commission on 50k a month of sales? 10% would be industry standard which nets him 5k.
commission on the sales
That is about right the best I have heard is 40k on a great month but that doesn’t guarantee anything next month could be zero
Website isn’t working
he sold the business
@@6FigureRevenuewhy? Was it not profitable?
@@Alexanderbuilds2001 It was doing great. He received a great offer for it/the land.
He probably makes 5-10% commish on each sale so selling 500k in sheds per year only makes him about 50k …in reality that isn’t much income lol
50k a month. Not a year.
I’m a Regional Manager in this industry, 10% of sales is normal for the commission. Doing 500k in sales in a year is very normal, the top guys will sell 2-3 million and make 10-13% of that.
@@codymustain7873 Do you know what the profit margin is for the builders?
lol- this guy is out of business
he sold the business
You nailed the questions 🎯🤙