| Walkabout |
20 Jul 2007 19:39 |
Quote:
Originally Posted by tedmagnum
(Post 144226)
I bought most of the bikes on Ebay or found them advertised on Ebay and made cash offers.
Buy in December/January when biking is not popular and people need the money for XMAS and sell in spring when demand is high.
Its not easy and it takes up most of your free time. I used to do a lot more often than now as I only used to work 3 day weeks :)
I research the market work out what I can realistically sell them for. The 750 teneres on Ebay are quite a good standard already so I think they will go for top whack so I might hold fire until the winter. I prefere to buy tatty ones which I can make a good profit on.
I dont think anyone could make money out of doing it. I have spent thousands on a workshop full of tools and kit over the last few years and have a large double garage to work out of. Im very lucky in that respect.
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Not to mention the cost of your time, Ted (which depends to some extent on how you value it) and the "cost of money" - put the cash spent on multiple bikes in the bank and take the interest payments without lifting a finger, or go day-trading on the stock exchange?
That's enough economic theory for today, but I believe that only the motor trade will make consistent money out of motors (oh yes, you are in there!)
Good luck with the new job; it could be a career!! :rolleyes2: |
