SIDE HUSTLE YOUR WAY TO A "FREE" TRACTOR OR MAKE FUN MONEY!
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- čas přidán 2. 03. 2021
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So you've been eying that tractor but just can't justify the cost? Well we're suggesting a different way to look at that tractor. A way that can actually make the annual net cost $0, or even better, can make you money each year. It's a tool waiting to be used, and not everyone has that. If you use that to your advantage, you can be in demand and making money. We'll go over what a simple business plan could look in the video.
ESTIMATED EQUIPMENT PRICES (CONSERVATIVE)
$25,000 1025r Tractor, Loader, Backhoe, Mower
$4,000 Protero Material Collection System
$2,000 HLA 1500 54 Snow Pusher
$2,000 Tar River TXG-050 Rototiller
$2,000 MK Martin Pulsar 48" Tiller
$2,000 Baumalight Stump Grinder
$3,000 Tandem Axle Trailer
$40,000 total cost. Round number. No interest. No maintenance. Rounded up to cover some of these costs.
Estimated New Monthly/Yearly Payment of $666/$7,992
Estimated Used Monthly/Yearly Payment of $570/$6,840
USED COST IS 75% OF NEW, 5% INTEREST RATE
REVENUE GENERATED:
Trenching $150 hour x 15 hours, $2.25k
Bagger $130 x 10 yards, 2 times a fall $2.6k
Pusher $20 x 10 driveways, 10x a winter, $2k
Tiller $100 x 10 gardens, $1k
Brush Hog $150 x 10 fields, $1.5k
Stump Grinder $150 hour x 10 hours, $1.5k
$10,850 annual revenue
100 Hours Work
20 Hours = Add 20% premium for travel/loading/unloading/setup
120 Hours Annually, 10 Hours per month, 2.3 Hours per week.
OTHER COSTS:
Insurance
Fuel
Maintenance
Wear & Tear
___
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Good video and very True. I started a Tractor business 5 years ago. I'm buying my 3rd Tractor. I'm making very good money but most of all I'm having a Blast! Living my Dream! Mark
@@jt3366 Yes full time. Backed up 7 weeks.
My wife isn’t appreciating me trying to do tractor math for her this early in the morning while I try to explain how the tractor I want is actually free.
😆
Tell her you are saving money because it's on sale...they always use that one on us 😂
@@davidparadis490 hahahaha yes!!!!
My wife puts more hours on our tractor than I do. She has accepted that I’m putting it on a trade rotation like a vehicle
@@darrickhamerlinck5472 my wife has gotten in the tractor twice so far. I’m at 200hrs now. I think so far I’m safe. Of course I need her to enjoy this one so I can get another 😉
I know a guy who does this same thing. He also hauls stone and rejuvenates driveways. I’m showing this video to “She who must be obeyed” as a selling point for me
That’s a first. Finally someone has put together what we all have envisioned. A plan.
Thanks
This is Exactly how I started my business. Got a Kubota BX 23 with a backhoe. Picked up a snowblower, back blade, box blade.
Took a little time. But Blam one day I was so busy I could leave my job and do this full time.
Just got my BX in December and can’t wait to put her to work in my lawn care business.
Yes. I grew up on a dairy farm
That's an awesome way to make a tractor purchase work. In my case, however, I think my tractor owes me nothing just on saving the cost of having someone maintain about 3 acres of property for me. From time to time in the past I have had to hire out folks to do the different tasks (mow, plow, remove trees,etc) required to maintain the property and projects that come along. Based on offsetting those costs alone, my 1025R TLB has paid for itself in the past 5 years I have owned it. I have also done some of those tasks for friends and neighbors no charge. The satisfaction I get from helping them and the good will that comes form it is priceless. Nevermind the fact that I like to do the work with this awesome tool. And now that it is completely paid for, it is like having a positive cashflow. It has been a sound investment. Great video! Thanks for sharing.
Good stuff sir!
I knew it lol. I told my wife that I need that stump grinder and flail mower. Now to convince her that they will pay for themselves.
Great video! I purchased a 3038E in 2010, contracted to snow blow & mow with it, was paid off in 3 years via contract money. 👍
Excellent piece and it's one I plan to share with my wife!
The video is pretty much spot on. Good job Courtney. My 1025r was real close to your figures. It came with a cab,loader,tiller and 0" mower, and i match hitch. Also thank you for the figures for what we may charge if we hire our selves out. Again thank you another great job! . Tim
What a great 🎉 amazing video. I already do tractor contract work for my neighbors. However I do NOT have a truck or a trailer so I just drive my John Deere all over my neighborhood. I can only take work that’s 10 blocks or less from my home. Luckily we all live in 2.5 acre parcels so tractors 🚜 are great for the few that have them. So far I’m the only one doing this type of work.
Loved this video and thank you for sharing.
Good advice and tried this in my area but couldn’t get any business in my rural area of PA. Probably works in area’s closer to larger cities where folks have more disposable income. Where I live folks just can’t afford much. Also need to include following costs: advertising, fuel, maintenance, wear and tear, insurance, etc in doing this type of work.
Excellent advice and very well laid out tips.
For those that hate salt spreader for sand, here in Michigan Ice is issue. Wood chipper for storm/spring cleanup.
I'm doing this exact plan, but made a very deliberate decision to stay away from the backhoe...just way too much liability digging in the ground...I'm tilling, grading driveways, lot clearing, shed pads, spreading gravel, mulch, etc. Hooked up with 3 small landscape outfits with no heavy equipment so they can expand their opportunities also, win-win.
Makes sense to me, thanks for watching!
That was good, solid advice Sir. Using actual numbers was a appreciated. It gives us a $$ guide for what we can expect to charge. While I am getting new attachments for my tractor in order to do things around my place first (makes my wife happy first), I do plan on using my tractor for neighborhood work in the near future. But the tasks at home are a priority, otherwise they may never get done LOL.
Thanks for the inspiration Courtney!
Awesome video! I am not in the tractor market but now you have me reconsidering as I own a business and it could come in handy a lot!
Own a 2025r already, but want to buy a new L3901 or such. 50k investment for all the toys i want. 84 month 1% interest. Only need to make 500 a month or so! Sort of a no brainer! Mowing, loader, post hole, backhoe, grapple, so many options! So tempting!
Hump Day Advice - Happy Wednesday Buddy! #1
Great video . Perfect explanation of the possibilities and benefits that can come with purchasing a tractor
Glad you liked it!
We need more man, more! love the business talk!
I'm thinking about a mini series on small business topics...
1025r shouldn’t be the tractor of choice with these implements in my opinion. To do brush hogging and real tilling and stump grinding I personally think a larger tractor should be used. But of course most people go for sub compacts so anyway to help sell the idea of getting it done! Great video
This tractor was simply an example. Also, smaller tractors are well suited for residential jobs. If your target market primarily involves cutting fields and plowing parking lots, then you size your equipment appropriately.
Excellent video. I hope people take the time to at least consider the idea and develop a plan. Possibly consult a lawyer, accountant and insurance agent to protect your assets. Better to make $1 for yourself than $100 for somebody else.
Myself, i have a LA 125. Since buying it new at Home Depot,they were the cheapest in price. Since picking it up, i cut yards in my neighborhood. I edge first, then cut it, then trim it out and finally blow the driveway,curb and sidewalk. I charge 25.00 dollars per yard,except0 t0he corner lots,they are 40 dollars. And I dont have a contract. I only cut the yard when it needs to be cut. But since buying it new. I have replace9d the engine once and this year im replacing the deck. It's cheaper9 then a new mower. No snow in florida. But I do till a few yards that have small gardens. I placed a ball on my back number and a hitch on my small tiller. But I charge a flat fee of 50.00 dollars for there gardens. I'm happy, no overhead,no trailer required, and I'm retired so I can cut or till anytime I want. I can do 3 complete yards plus my yard in one day. T0wo neighbors have small camping trailers parked in there grass, i charge a 15.00 to move there trailer and put it back when im done with there yard. Makes there yard look sharp. But thats my side gig. But one day i might get a bigger mower. The LA125 its a pain to remove the deck,it's only 42 inches, but you need to remove 5 cotter pins and then slide the deck out from under the mower to resharpen or replace the blades and I use mulching blades. No need to bag up the clippings. Saves me time and money. I'm happy and so are they. Nothing runs like a Deere.
Great video and nice points.
Where we have our property and more rural area like another person commented, I'm not sure if I could do this kind of fees but the point is still the same you can minimize the cost of the tractor by having a few jobs on the side.
nice video and good business advice....
Paid off my New Kubota B2620 in 3.5 years only working during summer months/evenings and weekends. Adding attachments AS I have jobs lined up for that attachment. You forgot to mention, file for your own business. The tractor can be depreciated and lower your taxable income. Get a good accountant. Russ Esko, Minnesota
That's awesome! Yep, I didn't want to get too technical. That's for another video.
Very awesome you sharing this information to us thank you very much buddy
Thanks as always!
Hump Day Advice. Happy Wednesday Buddy ! #2
Look at that, just like the old days! We are the 1/2 dual
@@SummertymeJamz EXACTLY 💯
$40, 000 for a lawn tractor. Nuts.
I thought 6 years ago when I bought mine I might pick up a few jobs here and there but sooo many people have these little tractors that each time I look in the ads I see lots of tractor for hire. I think there’s more subcompact tractors out then shovels. 🤣
Yeah, but all tractors aren't outfitted the same. There's much more to being in business than simply owning a tractor.
Thank you for the video
Thanks for watching!
WOW AWESOME VIDEO!! YOU ALWAYS HAVE SOME GREAT IDEAS 👍MAN THIS IS GOOD ONE 👍THANK YOU STAY SAFE 🚜🤟
Glad you enjoyed it!
I’ve been doing tractor work for my neighbors for free. I’m in the wrong business
Funny how that works, as soon as you start charging, they use someone else.
Haha, maybe they repay you in non-monetary ways?
I really like your duel wheels, can I add those to my new 2025R and still mow with my mid-mount mower?
This is interesting but I feel you missed some possible extra costs. Like, having a trailer (and truck) to transport your tractor, insurance and possibly license fees if you drive on public roads depending on where you live... These would also have to be factored in...
Yes, there's plenty more involved...taxes, legal aspects of starting a business, business bank account, commercial vehicle hassles (more inspections, DOT fun, sometimes even a CDL), and what always gets me when considering this sort of venture, insurance. Folks have money to spend in my area, but the cost of insurance is massive, and they won't cover anything until you prove your business is in order (including any vehicles you use in relation to said business being commercial and DOT complaint, and on a commercial insurance policy of course). If you deal in cash and don't mind the liability associated with having no insurance, this business model is illegal but possible. I'm content to pick up a little cash here and there from folks I know.
I mentioned truck, trailer, and insurance. License fees? Not around here anyways.
I'm just here for my free tractor. Cough it up, sucker. And don't you worry I'll get that hotrod up here to Canada
very interesting points. I would question some of your pricing plans based on size of the job. for instance I rotary cut some fields that are 3 acres and some 25 acres. Have to price differently of course so I usually try to use an hourly rate pricing structure and hope my quote works. unfortunately in some rural areas folks wnt really cheap rates so have to be careful and study the job
Here in Texas, I charge $65 to $75 per acre with min of $150 to come. Also travel fee if they are an hour away or more. There is money to be made with just brush hogging.
Agreed!
@@GoodWorksTractors you are also correct about repeating business if they like you and your on time. I try get some of them twice a year and it keeps the growth down.
I've been trying to do this, just trying to make a bit of side money to offset the cost of my tractor and attachments. Problem is my area is rural and the market is saturated, nearly everyone has a tractor or skid steer or knows someone that does, you have to bid jobs so low that it isn't even worth it anymore.
$40,000?????
I got a steal for my 2022 Massey GC1725M then.
THE 1725 with front end loadeder with bobcat quick attach, a cb65 backhoe, (16" bucket, trenching bucket, root ripper, mechanical thumb, quick detatch), grapple, pallet forks, quickhitch, bushhog, tiller, box blade, grader blade, and a 3 point reece hitch for $30,000 out the door @ 0% for 84 months!!! DIETRICH IN Nashville Illinois
Great video! I always have a tough time charging. Maybe with more jobs it will be easier.
Yeah, it'll come easier the more you do it.
Nice, you forgot to mention how long or hours a tractor like a 1025r should last before you should by another one, thank you the video was helpful.
This works if you already have a workable truck. If not, add $60K to this equation for new. Or $20K-$30K for used. I'm very seriously considering a side hustle like this, and a suitable truck is a large part of the "business plan" equation. But also... if you, say, double your side hustle hrs/week, you could pay for a truck too. Thanks for the video.
did it work out lol
A goal is just a wish without having a game plan and the drive to make it happen. Great video. Thanks for the breakdown.
Thanks for watching!
I have a lawn business, interested in expanding to brush cutting, what’s the best set up for me and what kind of price range am I looking at? Are mahindra tractors any good?
This works if it's all cash deals.
Glad my 1026R was paid for 5 years ago..this sounds like work...lol Have enough money, I want more time...
Haha, I know what you mean! However, we're all at different stages in life.
This is my plan - I expect I'll be busier than I want to be.
Have fun!
@@GoodWorksTractors I'm sure it will be way more to it than I realize and as TTWT has warned, but like you I'm a serial entrepreneur and I do think it'll be fun.
I’m working on your reply!
Be careful and stay 😀
Great advice. Only problem...I'm lazy.
That could be a problem!
What type of insurance would you carry when doing these types of jobs? What kind of liabilities clauses should one include in regards to doing the digging up stuff and all that? Based on my experience with the new property we just purchased, if there is an irrigation line or other none major things, I will somehow manage to find it when digging with my front end loader. LOL!! With that said, I understand calling 811, but they generally don’t do private property stuff, so how do you cover the liability element?
Courtney, you've shared some great ideas!!! Not to mention you can work at your own schedule, weather permitting of course.
I was multi-tasking while watching, so if I'm repeating something you said please ignore me and forgive me. I just wanted to throw in something to consider and that's insurance. Not just for the work you're doing but make sure you have insurance to cover what you are towing. I was involved in a traffic accident a few years ago (uninsured jerk). Really long to super short, I'm out over 5k for not having insurance that covered what I was towing. Just something else to consider when you got your own business. Something like what happened to me could be a huge set back and maybe the end all together. Just add that to the operating cost which isn't tremendous.
That's most unfortunate. I just recently found out that your trailer insurance doesn't cover anything in or on your trailer and your vehicle insurance covers nothing with in it. It's just unbelieve how they try to screw you or make your buy more insurance or sorry, it was an act of God sucks to be you. I'm not sure at which point it becomes cheaper just saving your money for when or if you may need it instead of this so called insurance
@@KingBigBabyJesus Agreed!!! I am NOT a fan of insurance companies because they have more ways to get out of paying than there are M&Ms. Its like playing darts blindfolded while they other guy isn't.
I just inquired with my insurance agent two days ago. They require me to schedule every part separately. I mean they want the loader, backhoe, mower and tractor all itemized individually along with every other attachment that I have. No umbrella coverage for everything, every item is itemized individually. So each time I buy or sell an attachment, they want me to update my schedule otherwise I will be paying premiums for items no longer in my possession and new items won’t be covered. I’m sure they have lots of loop holes as well.
@@thetractorden6189 Oh of course. And they want to make it as inconvenient as possible too. Hoping you won't go through the trouble.
I don't know what's worse. Dealing with an insurance company or a blood sucking divorce attorney.
My God, it's getting worse by the minute
Planning on doing this, just worried about the business being out there…. everyone has equipment around here!
Don't worry about competition, Offer competitive rates, Do quality work that shows good value, Make sure you show up on time. You will be a winner.
Think about why you hire various companies, the qualities that set them apart, and why you would call them back. Take all those good qualities and put them into practice.
Good advice.
What kind of insurance is recommended?
Start with a call to your local agent.
NOW you tell me!!!! You can make it up to me by sending me a free 3033r, with air-conditioned cab, loader and backhoe.
Please.
Your such a good guy...are u an 80’s baby?
Haha, just barely!
What type of insurance coverage do you have. Could you give me a ball park price. Thanks
Mine is wrapped into a major business policy, so it'll differ for you.
The problem is I’m not old enough to start a business yet I know how to use one to its full capability’s
You’re forgetting the IRS?
If you want to talk the tax game, then that's another story. Depreciation, amortization, all sorts of write offs.
Referring to the tractor as a toy does not lend much to the argument for, " we need this ! ". If using the terminology, as a tool, or a machine, etc, or an addition; it should get a better response from the partner in the relationship. ( who generally is the CEO of finances )
Are you still mad at your gator 🤣
Haha, yes. Front end is messed up!
Why would you spend so much on such a little tractor? I just bought a 53 HP Kioti, came with a bucket lift and a mower... $50000
I actually think this is terrible advice, do we really need a slew of more people out there with barely a clue on how to properly do the work they think their tractor can. Sure you can mow and plow but digging ditches and driveways etc... ??? Will these people be paying taxes and have insurance, doubt it. Do they know how to grade , trench, proper materials to use, nope.
What a sad statement. Folks, if you have a dream and a plan, you can make it happen. There will ALWAYS be negativity in your life, so take John Long's comment and use it as motivation to prove him wrong. I've heard similar comments my entire adult life, even now. It's good to build a well-rounded perspective, but don't get wrapped up in naysayers.
What I suggested is taking on 2 hours of work a week. This isn't exactly jumping into the fire as a full time career. In fact, it's just about a perfect scenario as they'll certainly have plenty of work at their homestead to accomplish as well to gain experience. Running a tractor isn't rocket science.
This video and game plan isn't for everyone, nor intended to be. It's for the folks who were already thinking about it and just couldn't figure out the next steps. It's for the ones who hadn't thought about it, but now the wheels are spinning in their head. Many folks have no desire, but the ones that do, also have the passion to make it successful.
@@GoodWorksTractors excellent reply! Some people just need a small push to see, once they see they take off. Thank you Courtney for you videos.
It’s not rocket science to do all that lmao
When you have to “make” money to “offset” the cost of a tractor, the tractor is not “free.” It’s pretty close to telling someone, “I’ll give you my tractor for free, but you’re going to have to work for me to pay it off.”
You realize that the parentheses are emphasizing the play on words? Try not to overthink it :)