Small Part Fortunes
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- Опубликовано: 28 сен 2024
- There is lots of money to be made in small parts and repairs. Most of it just takes some time, but knowing your tools and keeping up with efficient work habits is a big part of it.
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This video was perfect. I love your transparency and willingness to show us more of the business end of running a fab shop. Thanks for the inspiration and perspective, especially the last minute.
This is great content. This man out here inspiring the next generation to be 'builders,' instead of some of the less useful options.
@The Glorious White Male Hey my man... You may be right, but I wasn't thinking about the money or what HE specifically can make.
I'm just generally suggesting, that cars, trades, and building things are worth young people being interested in, especially young men.
It's far better than getting wrapped up in activism, or some other near useless activity.
I think cartubers that build stuff, or some dude in his garage doing refurbishing of knives is a good focus of energy.
Whether you are making $27.00 as some new journeyman in a trade, or a high paid engineer at SpacEX, this is how a better future is built. People that are inspired to build things.
Absolute!!!
@@fopeezy3097 I agree. My friend Matt and I are working to rescue two mid 1980s rear wheel drive Toyotas (WrenchMine channel if you are interested.) Far too many young people today are spending too much of their spare time playing video games or shit posting on social media. Even as more mature guys, Matt and I have developed a broad skill set outside our those required by our day jobs. Welding, fabricating, upholstry, CAD (both carboard and computer) and of course posting the stuff to RUclips is another set of skills, video editing, photo retouching, 3d animation. These are all real life skills that can be turned into a career, not just a job.
I was number 69!
lol no he is not.... the next generation sees that this guy probably does not have a full days work. large orders get farmed out to larger shops that can cut more product faster. this dude probably does small orders. also most of us will never be able to afford the equipment in thew first place...
Love the mistake. It proves that you aren't leaving the reality of the situation on the cutting floor. Stuff goes wrong...it's a fact. When fabricators and designers leave that out, it makes the rest of the audience/fabricators/ designers feel like they're not as skilled as the author. Great work...great honesty.
Hello Justin, just FYI in case you don't know, in Solidworks when dimensioning and you have a fraction you can type 1+11/16 in the text box to get 1.6875.
I used to use Autodesk products and you can do quite complicated math in the dimension box if it's properly formatted. Something like "pi()*sqrt ((2+3/4)^2+2^2)" it would have no problems with.
Probably Solidworks is the same
@@fnnsjsnnejejdndnxhxjna It is the same
metricbros, did we get too cocky?
This is why I love using mm,s!
Came here to say this. I don’t even put the +. I just hit space there
Hypertherm is the best, nice machine man... how do you like those new cartridges versus the old style multi-piece consumables?.
I love them. I was skeptical at first, but it eliminates so many errors and general frustrations when I forget something or goof with individual components (which I've done several times haha).
I 2nd that
Anyone selling a plasma cutter
@@teambean951 😆
Some solidworks tips to save you a few seconds (which add up, as you know).
Use sketch relations rather that dimensions, eg. equal length for sides of the square rather than 2 dimensions.
And you do not need to do the extrude to produce the DXF file, if you select the sketch and click save as, you can save as a DXF that way, reduce a couple of steps.
I also do my nesting in solidwork sketches, as I find it much more effiecient.
I use the hell out of sketch relations, especially for squares. It will save you on errors too, when tweaking a part there are fewer dimensions you need to remember to adjust.
That's something many people overlook, doing it quickly and not wasting time can make a huge difference to the bottom line.
Thanks a TON Justin for these videos, really helps a guy like myself out, who, after doing this as a side hustle for years, is now doing it full-time as my only source of income. So seeing how others are running their weld shops, gives me confidence that what I'm doing is fairly close to industry standard.
all i see here is honesty and transparency something you dont see anymore!
Word.
I found this way more relatable than CNC Titans👍
Or should I say "translatable" as I'm Aussie. You break down the Nitty gritty. Cheers
Killer ending! Technically watching you for 15 minutes and actually doing what you’re talking about will make us millionaires🤟
Solid vid my guy! I work in a sheet metal shop and my boss gets his weekend money from walk ins that need some remnant or something cut and bent. Big jobs are great, but steady lil jobs keep the pockets lined. I do weld jobs on the weekends here and there and it definitely adds ups nice too.
I'll throw this out for anyone starting out as a business. Solidworks has a program for start ups that offers up to the first 2 or 3 years for free or very reduced rates. I am in the program and we have 2 licenses. HUGE help for a start up and we will definitely buy the software when the time comes.
I really appreciate how fair and thorough you are , unfortunately here in Australia a lot of businesses will charge a minimum of 1 or 2 hrs on any given piece. For example an electrician charged us 2hrs plus a switch to replace a light switch
That's not the same. Included is the cost of travel to you and back. If you had for example 10 switches he'd bill you the same two hours (probably +1) plus the price of the material.
as a mobile mechanic i charge a minimum of 1 hour and the first hour is more to account for transport
My local Machine shop could learn a thing or two from you
I had a hydraulic cylinder that just needed new seals and they messed something up and charged me for a new eye new rod and the seals
For a grand total of $600 Canadian in 2018 if I had known I could have just bought a new cylinder for $200
It’s awesome how you show absolutely everything including mistakes. Love your channel 👍👍
the wrap-up of the video it's just priceless.
Very interesting. You never realize how things add up so it's good to see how little jobs can make a lot of money, great video!
I’d say that 98% of the people saying negative comments about your breakdown and itemization of the work your shop / and you do . Don’t know jack Sh$$of how a shop should be run. Or they have never done anything even anything close to doing piece work.
The way you run your numbers for each job you do is just one of a few ways to do this properly and to run a shop successfully . That’s way so many people end up closing a business that they dreamed of and failed. You have to find the right way to bill for each and every second that’s spent on any job.
Time is money, and the most important tool that you have is your knowledge, and knowledge is priceless. You need to workout how much each hour needs to be billed to keep the shop up and running and at the very lest you add 25% for profit. One thing people don’t know and should know is this. Each hour that your employee makes, really cost the owner more then 20% more. The owner ( each state is different) as to pay and or match that employees SS fees / unemployment taxes and let’s not forget the big one , Workmen’s Comp. Insurance. For before people jump in and start bashing me for what I’m writing, do some research and have your facts straight. How many of you can say you have run a successful business? How many of you that have , hats off to you. To open your own business takes balls. It’s not as easy as you think. There’s so many thing ( government ) that are working against you from day one. And you better be ready to so for untold amounts of time without any pay or sleep.
Bruh!! This dude just drop some A+ knowledge!! 🙌🏾 Thank You
You’re an inspiration, thanks for showing us your process. But remember that taking time for yourself is important! You look and sound exhausted, not a good thing when working around big machinery.
He never factored in the equipment costs though. Wear and tear etc. Realistically you'd need 400k to go build a decent sized shop and outfit it with a minimum amount of tools (plasma table, welders, saws, shear, forklift etc), before you ever make a penny. His little job may only cost the customer 70 bucks, but he is eating the cost of cleaning out his table once a week, and keeping the rest of his shop in good working order. Like changing light bulbs and fixing exstension cords, cleaning the bathrooms. He didn't account for down time talking to the customers, and dealing with tire kickers. He didn't say how much of his day is spent unloading trucks, and ordering/stocking consumables. He didn't say how long it took him to master solidworks, or learn the intricacies of his trade. Sure you can make a million per year at that rate, but it's going to cost you your weekends and working dark to dark with no life outside of work at all. And thats only after years of dedication becoming proficient at your job. And assuming you can actually put in 12 hours a day every day seamlessly moving from one job to the next with zero down time. Realistically people are going to be interupting you all day with questions and problems (especially if you're the owner or boss), delivery trucks are going to show up, and tools and equipment will wear out, malfunction, and break.
Reverse engineering is my most favorite part of the job. Absolutely love delving in to the unknown and ambiguous.
So rare for people to talk about this stuff great Video thanks
Were those parts for a custom trailer hitch?
Video content and delivery
100% pointing out time elapsed same as watching , genius !
I was a plasma CNC operator for a year, so much in this video blew my mind. How clean the parts came out, the catridge system, kill switch on the torchhead. Super effiecent, not like the shop I work at haha.
Great insight. I think many small businesses fail in exactly this part. Undercharge or overcharge because they have no idea what their time costs, then wonder why business isn't going great. There is tremendous value in the "right" price, and usually the highest prices doesn't give the highest income and/or profit. The most successful businesses operate in an area where both parties are happy.
Set up mouse gestures. I have over a decade in Solidworks. This saves a crazy amount of time
Getting a tig welder soon. Just trying to find the best deal. Would love to have a fab shop. Love working with my hands. Learn alot from your content. God bless be safe.
at work we often buy work like this. Man I wish the places round me had these lead times and costs
This interests me now where it never would have used to
I do alot of nesting/redesigning structural steel and get asked all the time by by co workers 'how long will this take' and I just have to say I don't know. There's many parts like the one you demonstrated which can take 5 minutes to process 30, but then there's many parts where I add copes, swap contours for slots, add scribes, and those pieces can take well over 30 minutes depending on whether or not I have good drawings from the draughtsman and when you when you have 40 parts to do, it takes me alot of time but can save our workshop 1-2 hours per beam to process each part
My friend, your content is pure gold. These fast cuts and plasma cutting systems look super easy to set up and use. But how much would it really cost to go from empty garage floor to producing parts ? As someone who has never touched one I don't have a clue as to what all is needed. I'm a competent individual and have machine tool and die experience. But the plasma cutters I've owned are cheap Amazon units that worked for what I needed them to but would never support banging out parts on a daily. Do you have a startup type video ?
By the way my tig welding has came such a long way since i found your channel. I love what you are doing man. I hope you receive all the success and compensation, you deserve it brother.
Always like your videos. I’ve met you personally and know you’re a no nonsense guy. This is legit.
Having affordable prices and a pleasant attitude will get more repeat customers.
I'm thinking it would be pretty interesting to try and estimate a TOTAL cost that these jobs have once you also include wear and tear on all equipment used.
I'm on about what percentage of the total life expectancy of the CAD PC, a torch nosel, the mechanical/wear components of the plasma table, angle grinders, etc, and what percentage of that life is used doing short run jobs like these. All equipment has a finite life, and just because it may be able to do several hundred jobs before it finally needs to be replaced, that doesn't mean the eventual cost isn't there.
A mate of mine inherited a small business from his dad that rented out mobile cranes with an operator. People used to complain about the cost all the time. "You were only there for 3 hours, why's the bill XXXX?". The thing that people didn't understand was that the loan repayments on the cranes was a pretty large chunk of that cost, plus these were the types of crane that were driven to site on the road...... at a grand total of 30mph maximum ! If the site was 30 miles away, even with zero traffic, it would still mean that crane wasn't available for other work for at least an extra hour on top of their 3 hours, and hauling that much low geared weight going flat out for half an hour each way drinks fuel at an epic rate. Maintenance, cleaning, and routine independent safety checks took money and time too. Commercial cranes are expensive bit's of kit, and live a tough life, they usually need replacing before they start getting unreliable, need constant maintenance, or before wear means they start having any risk of a catastrophic failure, so they tended to get replaced pretty regularly.
The customers 3 hours on site may have included another 3 hours of work/travel time, and constant hefty repayments to the bank, just so it could be there on time, be there for 3 hours, and not collapse and kill anyone while on site...... But the customers never think about all that. 🤔
The end was perfect!
wish we had such honest people here. goo job keep it up
Always great content. Thanks will learn from this vid. Getting a table soon.
man wish i could have nice new software like this lol. i’m stuck with mcam 9. not mcam v9 but the one from 2003 lmao. such a huge difference
The info and openness about the considerations of running a parts business are fantastic but I really want to commend the editing. I'm not sure if you script your videos (crazy if you don't) but for a video leading to the punchline "about the amount of time it takes to watch this video," absolutely nothing feels artificially lengthened or compressed in quality, explanation, or shot-duration for the purposes of making the punchline work. Combining a thorough explanation with brevity in a way that feels natural in a teaching context is fuckin' skill.
you earned my sub from this, hard to fault cold hard figures and facts. Really good vid
I’ve been subscribed since you were working out of a garage. The content was great back then, and even better now. Thanks for all the knowledge you’ve given us wanna be fabricators over the years. It’s been nice seeing you grow.
You gotta at least charge a minimum of half an hour no matter if it took you 15min. It still takes time to regroup and set your mind between jobs. Also you have to charge for consumables. Like that cartridge maybe split the cost between two jobs. And you cannot just charge for metal at face value because sometimes it costs a lot more to go and pick it up or shipping charges. That all takes time and money to do. Fuel prices are way up. If you ask me id charge almost double what you did like $100-$125 thats like $20 a piece I would totally pay that for those pieces.
Yea, I think back over every person who's done any kind of non-taxable labor service; there's always a minimum charge. The half hour charge sounds quite reasonable. I'd then say time gets counted in 15 minute intervals for any/all additional work. If you do good work, your customer will become a long-time customer who'll truly appreciate knowing the costs up front.
@@Islandwaterjet weldmetalsonline is in the same shop, so it all evens out.
Can someone pick up the mic? It fell on the floor at 15:00😆. Nice vid sir. There's no shortage of people who will tell you that you can't do something or that it's not worth it. Keep up the great work and thanks for walking through your process on this part.
damn the ''punchline'' in the end really hit, nice vid as allways!
How do you leave out : cutting machine cost, power supply cost, finishing bench/dust extractor cost, electricity, idle shop equipment,shop rent/mortgage, RE taxes, payroll/accounting overhead, computer hardware, expendable supplies, fire suppression, permits/licenses. And many more, if you include those that 1m per year will be a lot less or potentially negative.
The way you ended the video made me want to subscribe, but I’ve been subscribed for a while😂
I feel like you gotta multiply the work time with 2 or 3 since you also spend time dealing with the customer unless your make much higher volumes.
What about the cost of your building, utilities and cost your equipment it’s depreciation. A spreadsheet would be cool!
Great videos
You are spot-on J! Nicely explained. 👍
Such great content! Keep it rolling please!
Great content, thank you! Wish it was this easy in Brazil...
The number are correct but very difficult to get that kind of volume as I’m sure you know. If you could get something like a production contract that would help fill the gaps i suppose.
What is your lead time?
Do you schedule regular jobs?
Do you lump jobs if you can schedule so that all 1/4 stuff together etc etc?
I just put a plasma table on order. More of a hobby right now but I'd like to eventually make some money off it - enough to offset fuel costs at least and thats a shite load of work ha ha
I completely understand and agree with what you are saying, it's all about seeing these smaller jobs as valuable and worthwhile because they add up.
But I sincerely hope that there is No one anywhere that has ever had to solely rely on what you just explained to make $1M in a year... because the only way it works is if Every single job is a different customer, or obviously also a repeat customer with a new part to design... But that's potentially 320 different customers Every. Single. Week.
Even if you only spend 5 minutes with every single customer, including initial contact, job requirements/needs/expectations, questions, explanations about what you do, price, approval, emails, follow up calls if needed, and finally the last call or email with the bill... even if you can somehow manage to only spend an average of 5 minutes per customer you will spend nearly 27 Hours Every Single Week just to find out what they want in addition to your 80 hours of solid labour, plus bathroom and meal breaks...
That doesn't sound like much fun, and doesn't account for the A holes lmao.
These are all bot comments. How much you charging for fake comments and views?? That's where you're making the million aren't ya
Excellent video. Great last line, it earned a sub!
Love the channel man!
the ending was clean af.
great job!
What a great message.
His employees must be having a great time with all the time and resources unaccounted for ;)
Where did the video go of the work on the diesel intercooler piping?
Great content. I have about 8 years experience using Solid Edge and 4 years in Solid Works. I find SE to be superior from a functionality and UI, give it a look if you are looking to spend more money on a cad program.
I really like the down draft table... Kind of want to swap my crossfire over to this versus the water table.
No hate from me, just appreciation. As a side job, can someone start off doing what you did with a handheld plasma torch? Make money along the way and then eventually upgrade to a table.
Thanks for sharing I had no idea how CAD machines work or laser cutting tables. So Again thanks for sharing.
Looking to get a fastcut table an would like to get your opinion on them before i take a leap... what do/don't you like about it... function vs price an why you chose Fastcut over competitors????
Thanks for reminding me i should be going back to my workshop xD
Totally appreciate your channel bro !
What setting did you have wrong? Trying to troubleshoot my table
the scrap how much do you get when you sell it to smelter to recycle? a ton there a kilo there at the end of the year it adds up even if is pennys you get enough of then you have a one dollar ore hundreds.
What about the time spent making the sale and customer interactions?
12:28 This is why I use open source software in my shop. It gets the job done for me and I have $0 in software expenses.
I would happily (!) pay 150 bucks (material + tax for everything) for that job.
Especially since it was basically a one time "prototype" i would not argue if you were to bill me 200 bucks. (+shipping and stuff)
Compared to me doing that (i could get it done somehow, but worse quality) without the tools and training, even getting a quote, writing mails, calling or stopping by..
Now that is current-me having a job, paying with money so i have time to do other things.
Student me would have been really happy about the low price and would come back later for projects and pay full price.
Thats how i do with my car/tires shop and all shops/contractors who were nice to me back then and do good work.
Justin you're awesome. Love the videos. You are "real" on your content.
Ha, i thought it was interesting that the video was EXACTLY 15 minutes. I see what you did there 🤣
Awesome job very inspiring for sure. Breaking it down like that makes a lot more sense.
Thanks for great content!
really enjoyed this, and if priced right the work keeps coming!
@2:40 do you have chrome open somewhere :D , you still sell the scrap metal right ?
Okay I'm putting together a 47 one ton dodge panel wagon, using a lot of suspension and drive train parts from an 87 dodge pick up truck, I've been able to weld and fabricate almost everything I've needed to where I've got a rolling driving truck.
The big thing I dont think I can make is the window frame, it's a frame that the glass slips in then the frame rides in the body of the truck, its completely rusted and not reusable, I've found and bought the glass from a shop in Oregon that remakes glass for old vehicles, any suggestions on how I can get my frame remade? Just planning on using some lexan to fill hole till I can figure it out
That last sentence really sets in with everyone sitting on their phone scrolling through the social media these days, time is money when you take control of your own destiny.
Just a heads up you might already know but I never knew this, be careful with the slag buildup in your table from cutting aluminum and steel. The iron oxide and aluminum oxide can create an exothermic reaction that will burn until there is no oxygen much like thermite. Very hot!!
Probably unlikely as the conditions have to be just right but I have seen it happen in an industrial setting (Day 1 on that job literally as I'm going through fire safety briefing)
You've probably considered the time involved in the transaction with the customer. Sometimes I spend more time verifying and communicating than actually creating.
Awesome work 👏
How much is SolidWorks? Any other programs you guys would suggest.. preferably free as I would just be trying this out for the first time. Been in weld and fab for 15 years, never tinkered or been allowed to learn this stuff.
This really felt like a hyperthem commercial....
Great video, but I have a comment similar to what you claim others have said... that you dont charge enough. We all understand labor rates based on overhead when estimating, and estimating is much easier when you are making parts in volume rather than 4 random pieces. I think there is more that goes into a small job than you are accounting for, and there's money left on the table. Someone took the initial sales call, discussed the rates, received the material and template, and called to say the job was done. Send cut send would charge triple what you did, and people are lining up for their service. I agree that we should be fair, but we also need to stay in business. To my point, a minimum one hour rate for quickie jobs would not have scared that customer away.
You forgot to subtract the cost of scrap, it's not much, but it cost something too 🙃
Those are some wildly optimistic and silly assumptions re. productivity and lack of overhead. Every job includes sales discussions, accounting, and shipping. We're not even going to get into marketing, repairs, maintenance, IT support, supplies ordering, inventory carrying costs, legal compliance, facilities, etc, etc...
I would like to hire you for a small job what is the best way to do that? I think you do awesome work at fair prices.
I hear you saying 2.125, but the screen shows 2.13. Does this translate into millimeters?
100% right I was transfered to a new service area because the gas side of the business relied on my side to basically advertise for them literally the face of the company. The position I was told 2 weeks of work. Well I don't like being paid to do nothing expanded in the $50 to $200 a job stuff and that grew and grew to were I did the 800 to 2k jobs for 2 weeks but went to 3 and 4 weeks of that and had overflow we needed 2 people to keep up and it was profitable it also drove competition away and grew the other parts of the business. Plus if I was quick the less than $200 jobs made more than the 1k range because I could do lots of those in 1 day vs 1 job all day or up to 3.
Fantastic video.
Why not use a nesting software to optimize material?
Hey Justin Can you tell me what you’re CNC build please?
Maybe put the flicker warning before the actual flicker in the screen recording? Really digging your video's by the way :)
Damn bro I noticed when you were walking there was a big safety violation. There was a tripping hazard from dragging around that third leg. No but excellent content sir
You actually can define dimensions that equals to another dimensions by definition, using references to those another dimensions.
Why don’t you do test cuts on the bits that will be waste?
Once you learn to use mouse gestures you'll be killing it.