Quote:
Originally Posted by woj
How much would someone reasonably on top of things, doing this fulltime, going to auctions just about everyday, etc be able to pull in profit per month from an operation like that?
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I actually tested this on myself. I put most of my porn stuff on hold for a couple of months and gave this a try full time. I wanted to see if I did it and only it how well I could do. I did this after having been involved with it for about a year so I had connections and ways to sell my stuff.
I worked 50+ hours a week, but I was doing everything on my own with no help so I bought the stuff, sorted and hauled it, put it on ebay/sold it, shipped it etc. I think the first month I made about $3K profit and the second month I made about $4K. This is pre-tax income so, obviously, I still had to pay my income taxes out of that as well.
Now before anyone runs off and decides this is a great way to make a decent living. I worked hard for that money. I sweat my ass off every day and it can be wildly unpredictable. You might have a week where you make next to nothing and then a week where you do really well (in a lot of ways it is similar to porn). I also had been around for about a year and had a lot of ways to get rid of stuff so I was able to sell just about everything I brought home.I may not have gotten the best price in the world for it, but I was able to get it sold.
If I wanted to make more than that I realized I was going to have to expand. I would either have to bring someone else in to help me work or start buying higher dollar units and figure out those markets for the real high end furniture and stuff like that which you sometimes find. The risk in that is obvious and you really need to know what you are doing.
It is a volume business. The more units you can turn over the more money you can make. It isn't easy to do. Over the couple of years I did it I saw a lot of people at auctions that would show up for a few of them then never show up again.