stealthbob wrote:The thing is...what happens when you loose money on your first flight?
Damm does someone own me then? Do I have to wash planes and do ramp work for a couple of days?
lol
It's the unknown...maybe just jump in with both feet. Whats the worst that can happen? Well other than having a higher takeoff count than landings I guess
Why would you lose money on your first flight? The cost of the flight will be the rental cost of the airplane plus a small percentage of the revenue from the jobs themselves (those are the fees paid to the FBO). Assuming you bring a few passengers along for the ride, you'll make money easily.
Case in point, I have a Baron at LAX right now. There are 3 pax going to VCV and 3 going to APV. You can take 5 pax in total in the Baron, so you could load the 3 VCV pax and 2 of the APV pax. Total pay is around $3200. Take out the FBO fees (10% if memory serves) and the cost of the aircraft (either the wet rate, or the dry rate + fuel used) and you'll be making money for sure.
Now, if you fly for a group, the group actually covers the cost of the flight and you get paid a simple percentage of the revenue.
Those are the two different approaches to flying on PE. You can fly for yourself (meaning the fees come out of your paycheck), or you can fly for a group (operating costs are paid by the group, and you get a fixed percentage of the revenue from the flight).