Do you want to know a secret for making lots of money? Learn how to fix things! Seriously. Using this one weird trick you can actually save yourself a ton of cash in a short period of time.
As I noted yesterday, one of the hard drives in my server gave up the ghost. While I probably could have sent it into to Apple to have them charge me $300 to put a new drive in I opted to go the cheaper route and fix it myself. In fact that is always my strategy when something breaks and isn’t under warranty. This is why iFixit is one of my favorite companies.
In addition to creating excellent repair guides and selling a wide selection of tools, iFixit has been promoting the repair culture. Part of this promotion involves getting people over the mindset that they cannot fix things by posting articles about seemingly impossible or very difficult success stories.
But I promised a secret for making money, not saving it, and I should deliver. My fellow agorists are also looking for a way to make a few bucks under the table and knowing how to repair things is an easy way to do it. Compared to producing new products money gotten from repairing is easy to hide. Purchases of tools, spare parts, instruction manuals, schematics, and testing equipment can all be plausibly explained away as things you use to keeping your own equipment in running shape. In the case of personal electronics you don’t even need a place of business, you can either repair them in your home or your customer’s home. And when the job is finished there’s nothing left behind besides broken components that can be easily explained away.
Another benefit for an agorist repair business is it’s easy for an individual to beat their larger competitors. Consider the price Apple, Samsung, Dell, or any other electronics manufacturer charges to do a repair out of warranty. Can you honestly tell me you couldn’t beat their prices? Especially for repairs that involve little more than swapping a common component like a hard drive or RAM module. You can make a tidy profit and still beat their prices by a wide margin. This is why you see so many mobile phone screen repair businesses. The margins are still good when you’re undercutting the manufacturer and enough people drop phones to ensure a constant income flow.
Learn how to repair things. You’ll save yourself a lot of money and you can make a lot of hard to trace money with your knowledge.