financing your trip?
 

Greetings all!
Hard work and frugal living allows most of us to save a good chunk, but I was wondering if anyone would be willing to share some tips and tricks on how to raise more money for a RTW trip? (lemonade stands and bake sales ???? )mainly curious about fun ways to raise some cash..
Cheers!

I raised about £2,500 a few years ago for a house deposit, by buying & selling bikes. Sometimes I made only £200 per bike, a couple of times I cleared over £700 per bike.

To do this, you obviously need some starting capital, tools to bring the bike up to a better finish etc and some knowledge of the bikes in general & those models in particular that you intend buying. I generally stuck to Suzuki & Yamaha (GSX, GSX-R, FZR, FJ & XT).

Because I was dealing with the cheaper end of the market, there's always the risk of buying a piece of shit that dies just having bought it. My rule was this: assuming the engine dies, never pay more for the bike than the salvage value of the remaining parts i.e.forks, frame, wheels & electrics etc. If it all went wrong. I planned to at least recover my initial outlay.

A good understanding of what sells and the local second hand spares market, should you need any, is also desirable.

Fortunately the above scenario never happened, I covered a few miles on some of the bikes and learnt a lot about models I'd never previously owned. One last benefit was that some bikes came with tools, spares and workshop items that I kept or sold separately (paddock stands, manuals, race cans etc).

Best of all, I had a good time doing it.

Good luck

Steve

Steve,

Thank you for bringing up this idea!! If anyone would like to try and import bikes from the U.S.
let me know. I can get repo's and some crashed bikes from dealer auctions. I'm not sure but with the dollar falling it could be profitable. We can get just about any kind of bikes and quads. (On or off road.)

A cargo container full (Small) of bikes is the most proffitable.

If interested let me know and I can get the prices that the bikes went for at the last auction and we can go from there.

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Rocket

What about import duties etc would imagine they are high, any idea?

J