Let me make this more clear, sorry about any confusion,
If I'm going to drive 180 miles, I expect to make $180-200 in shop fees. I got this "$1.00 a mile" guideline from this forum. And it's also the measure I use because of the standard IRS deduction per mile. No, at first I didn't make that - for months it was more like $0.40. But as I grew my business and kept signing up with MSCs, attending IMSC conferences and networking with schedulers, it grew.
Example 1:
I just filled my Monday with a drive from Denver to Cheyenne, WY and back, almost exactly 180 miles.
I started with a heavily bonused shop in Cheyenne ($80) and then filled in with 5 $20 shops. $180. And I can still add more in, because I could (theoretically) leave at 7 AM and be done with all six shops, reports included, by 2 PM.
None of these shops are videos, but if they were, add another $300 to the total.
Example 2:
I just came home from a 10,000 mile all-video shopping route. Five weeks straight on the road. After expenses (gas, meals, lodging) I averaged $1.15 a mile net. I slept for three days straight when I came home, but now I'm just chilling out and relaxing for a week, then come Monday I'm back at it.
I'm not bragging, I'm being completely honest. I worried about how I was doing two years ago, and read this forum and saw the $1/mile average suggested as a goal several times. And it's a pretty good yardstick, after you've done this and signed up for 150-200 companies and built some relationships.
Maybe you don't feel like doing all that, but at least think twice about doing a Chicken Little $17 car dealership shop.
Edited 1 time(s). Last edit at 10/22/2013 12:35AM by ColoKate63.