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Did anybody catch the eBay affect on CNBC? It was a great show, It showed profiles of people who sold on eBay full time, a woman who use to be a lawyer then had an accident and was paralyzed from the waste down was making $50,000 selling handbags, another guy quit his job and said he was making more now then he ever made in his life selling DVDS.

Tonyspero: That is exactly what I am talking about with the DVDs. I'd like to find a distributor and squeeze out a little bit of that market. Seems like all the whole distributors are basically scams cause the discs are junk movies.

RhizzleBop said: Tonyspero: That is exactly what I am talking about with the DVDs. I'd like to find a distributor and squeeze out a little bit of that market. Seems like all the whole distributors are basically scams cause the discs are junk movies.

This is a stretch, but you can ask the seller that was featured on CNBC, the name of the seller was something like Movie Time USA, maybe someone else remembers, the show will air again:

The eBay Effect: Inside a Worldwide Obsession
CNBC, Sun Jul 10 08:00pm, 11:00pm, 03:00am EDT

TonySpero said: This is a stretch, but you can ask the seller that was featured on CNBC, the name of the seller was something like Movie Time USA, maybe someone else remembers, the show will air again:

The eBay Effect: Inside a Worldwide Obsession
CNBC, Sun Jul 10 08:00pm, 11:00pm, 03:00am EDT
LOL! Like he is going to welcome competition. Most sellers aren't that dumb.

It was Movie Magic USA and he would never tell any of us. He has a great thing going.

He seemed like a real nice guy, from a small town, make up a sob story, you never know.

MidnightSwinga said: Derffie said: If you are close to a college with dorms.. I always thought it would be easy money to make up some upper bunkbed/desk underneath systems for the rooms... and the sell them to the students with a buy back at the end of the year option..

something easy to assemble and sturdy.. simple design.. something that uses big bolts and nuts... ladder steps at the end... dorm rooms are small and putting the beds above the desks seems like an easy way to make room...

buy them back at 50% and then resell them full price the next year... figure you'd only have to do real work two weeks out of the year..delivery setup.. and end of year takedown times... if you had a 100 of them out there and made $200 on the yearly spread on each thats $20K for nadalotta work...


Huge liability issues there. Especially when the drunk freshman falls out of the loft and breaks her neck and then the parents decide to sue you.


self limiting.. if they are too drunk to climb up into the bed.. then they wont fall out.. ... but actually there is no real increased liability people buy beds all the time and they don't even have siderails on them..

and in the final analysis anyone can sue anyone.. think LLC

oldye said: spanky42 said: RhizzleBop said: Anyone ever try and sell DVDs online. I've been trying to find a wholesaler. However, I see a lot of the bulk buy deals are A.fakes with some sort of "9" logo indicating its fake, B. you get a random lot so you'd have to make a new listing for EVERY disc, or C. They say they are original, but they seem to want more each for a lot of 100, than you can get for each on eBay.

dvd's online was a great biz around 5-7 years ago when they were new(er). you could snag good deals or buy in volume from distributors and resell them locally or sell them on half. but now, the price of dvds have dropped so much, IMO you can't make enough profit to justify selling them. Still the occasional price drop or misprice can get you some cash (like the fox tv dvds around last Christmas).


I did this seriously about a year ago...made some short term profits (descent for time invested but nothing close to spectacular) but later realised that my "source" was just giving me a taste so that I would purchase B tittles and anime
not saying that you cant do it but its very hard to find a source where i live for commercial movies (not porn...porn is super easy since i live in the porn capital...but I would not sell porn)


I met a guy at the flea market last weekend. He sells only DVDs. Claims he buys em for $1, resells most for $5. Makes $500 to $1000 every Sunday. He had good titles-- not b-list. You just have to find the source, I guess.

og5 said: Edited 5/16. Thank you all for the money making ideas. I'll try to update all the good ones on this page. We're discussing "simpler" stuff here, so while a simple business is welcome a restaurant startup belongs in another thread. Stock market investing is also an excellent side income but beyond the scope of this thread.

-Concert tickets

"I sell concert tickets. Insanely easy money and all you need is a fast internet connection"

"Send in requests for tickets to the Superbowl Textwww.nfl.com/help, US Open Golf (USGA) [Textwww.usga.org, Masters Tournament Practice Rounds Textwww.masters.org, and other major sporting events (NBA finals, baseball World Series) to make money. Be forewarned, though, that tickets are usually allocated by random selection and not everyone will get tickets. However, it's worth a shot and it costs you little or nothing to send in requests only the cost of a stamp or certified mail and in the case of USGA ticket requests, it's done online so it's free. Just take a look at eBay right before these events to get an idea of how much they go for, especially in January right before the Superbowl. Superbowl tickets are in demand. Using online auctions to do business with is risky; there are always ticket companies in the phone book to sell to.

The deadline to submit requests for tickets is one year in advance. For example, the deadline to request tickets for Superbowl 2006 is June 1, 2005. The deadline for next year's USGA tickets is August 15 through the usga website's online registration [http://www.usga.org/championships/get_tickets/general_public.html]. The deadline for next year's Masters Tournament is July 15th of this year. What you do is call or write the Masters Tournament for their mail-in application. Select any dates that tickets are offered. In order to maximize your chances of getting tickets, send in requests for multiple addresses as they only allow one request per address. For example, send in requests not only for yourself but also for your aunt or grandmother or other relatives, as long as they are at a different address. "

Ok for USGA tickets they have 3 differetn choices
Trophy Club Season Ticket Package..........($550 per package)
Practice Round Ticket Package..........($70 per package)
Practice Round Daily Tickets.........$35 each per day
Championship Round Daily Tickets.......$95 per day

They also have junior packages but i presume those aren't worth it.

My question is which of these should I request? WHich makes the best bang for your buck and will sell the quickest?

Thanks

I met a guy at the flea market last weekend. He sells only DVDs. Claims he buys em for $1, resells most for $5. Makes $500 to $1000 every Sunday. He had good titles-- not b-list. You just have to find the source, I guess.

yeah bootlegs from china

Start out small. Practice Round Daily Tickets.

Call a local ticket company in the phone book and ask them how much they would pay you for them. It might be better to call them next year (I think in April) when the tickets are distributed to the selected applicants and say "I have tickets to the USGA. How much would you give for them?" and call more than one ticket company for price quotes.

Correct. Don't waste time on Junior tickets.

2002 Dodge Intrepid
Paid $3400. Sold for $4950 ...6 weeks later.

1994 Saturn
Paid $1475, Sold for $2595 7 days later.

1999 Dawoo
Paid $1850, sold for $2725 3 weeks later.

1998 Skyklark
Paid $1640. sold for $2495 1 month later.

1999 Contour
Paid $1695. Sold for $2895 25 days later.

1999 Mazda 626. Paid $2350, sold for $2797 and a '94 Mazda 626 3 weeks later.
11 days later sold the 94 626 for $1595.

93 olds 88. Paid $1425. Sold for $2250 2 months later.

95 Mazda 626. Paid $800. Sold for $1250 1.5 months later. (Had oil leak that I missed)

95 Honda Passport. Paid $1325, drove it for 9 months, sold it for $2595.

99 Escort Wgn, Paid $2170. Sold for $3125 6 weeks later.

96 Cutlass supreme. Paid $1635, drove for 7 months, swerved to miss a drunk driver, totalled the car, no insurance. Total loss. Hospital bill $1100. Lots of pain & suffering.

Im currently "stuck" in a car. Have $2495 in it, cant get any bites at $3250.
(Not as mechanically sound as I thought when I bought it)



May have to take it to an auction and dump it for a $300-600 loss. Will try to retail it for another few months first at reduced prices.

The above is from less than 10 hours a week and often the cars were sold prior to actually paying for them. (Its called playing the float)

fw201 said: 2002 Dodge Intrepid
Paid $3400. Sold for $4950 ...6 weeks later.

1994 Saturn
Paid $1475, Sold for $2595 7 days later.

1999 Dawoo
Paid $1850, sold for $2725 3 weeks later.

1998 Skyklark
Paid $1640. sold for $2495 1 month later.

1999 Contour
Paid $1695. Sold for $2895 25 days later.

1999 Mazda 626. Paid $2350, sold for $2797 and a '94 Mazda 626 3 weeks later.
11 days later sold the 94 626 for $1595.

93 olds 88. Paid $1425. Sold for $2250 2 months later.

95 Mazda 626. Paid $800. Sold for $1250 1.5 months later. (Had oil leak that I missed)

95 Honda Passport. Paid $1325, drove it for 9 months, sold it for $2595.

99 Escort Wgn, Paid $2170. Sold for $3125 6 weeks later.

96 Cutlass supreme. Paid $1635, drove for 7 months, swerved to miss a drunk driver, totalled the car, no insurance. Total loss. Hospital bill $1100. Lots of pain & suffering.

Im currently "stuck" in a car. Have $2495 in it, cant get any bites at $3250.
(Not as mechanically sound as I thought when I bought it)



May have to take it to an auction and dump it for a $300-600 loss. Will try to retail it for another few months first at reduced prices.

The above is from less than 10 hours a week and often the cars were sold prior to actually paying for them. (Its called playing the float)
nice. Is this your main "job" or just for fun money??

Ive long held I could easily make $5-10k per week flipping cars.

I do it less often, usually getting the cars under $1k and sell for $4-8k (older luxury and sports cars that have some collector interest). But those cars dont come around nearly as often as the "transportation appliances" above.

bedrocked said: I met a guy at the flea market last weekend. He sells only DVDs. Claims he buys em for $1, resells most for $5. Makes $500 to $1000 every Sunday. He had good titles-- not b-list. You just have to find the source, I guess.

yeah bootlegs from china


Were they porn???

fw201: Do you buy your cars at auction? Do you bid based on about half ok KBB or something? Does your state require you to have a dealer liscense which also requires that you have a Brick and mortar location for buyers to come back to if they have problems? In SC I understand you can only sell 6 cars a year as an individual.

fw201 said: 2002 Dodge Intrepid
Paid $3400. Sold for $4950 ...6 weeks later.

1994 Saturn
Paid $1475, Sold for $2595 7 days later.

1999 Dawoo
Paid $1850, sold for $2725 3 weeks later.

1998 Skyklark
Paid $1640. sold for $2495 1 month later.

1999 Contour
Paid $1695. Sold for $2895 25 days later.

1999 Mazda 626. Paid $2350, sold for $2797 and a '94 Mazda 626 3 weeks later.
11 days later sold the 94 626 for $1595.

93 olds 88. Paid $1425. Sold for $2250 2 months later.

95 Mazda 626. Paid $800. Sold for $1250 1.5 months later. (Had oil leak that I missed)

95 Honda Passport. Paid $1325, drove it for 9 months, sold it for $2595.

99 Escort Wgn, Paid $2170. Sold for $3125 6 weeks later.

96 Cutlass supreme. Paid $1635, drove for 7 months, swerved to miss a drunk driver, totalled the car, no insurance. Total loss. Hospital bill $1100. Lots of pain & suffering.

Im currently "stuck" in a car. Have $2495 in it, cant get any bites at $3250.
(Not as mechanically sound as I thought when I bought it)



May have to take it to an auction and dump it for a $300-600 loss. Will try to retail it for another few months first at reduced prices.

The above is from less than 10 hours a week and often the cars were sold prior to actually paying for them. (Its called playing the float)


Did you need a dealer's license? And what do you mean playing the float? How does that work?

RhizzleBop said: I understand you can only sell 6 cars a year as an individual.you got mom, dad, brother , sis , gf....thats 30 more cars per year "you" can sell

Thats true and I've thought of that, BUT doesn't that mean they have to put the profits on their taxes and that could be a nightmare. Plus, if you are the one going to the auctions to buy and then sell, and the money is shown as being a car that your mom sold and she never bought or owned it, it seems as though they could come after you on that.

I do "computer" consulting work. Its often few and far between but I make $45-$65/hr.

I tend to buy at an auction. There are 2 basic kinds of auctions.

A "wholesale" auction and a "retail wholesale" auction.

The one I go to sells new car trades and I would say 30-50% of those cars end up at a "retail wholesale" auction after being detailed and the sellers are looking for nice profits. (And usually make them)

The "retail wholesale" auctions are supposedly "dealer only" but so many dealers pay so much and so many bring retail customers that the prices get out of whack.

Where is a "retail wholesale" auction in your area ? Look on the back of local black book.

As for where the real "wholesale" auctions are, word of mouth. Ask around. Even then, folks dont want to give away their "hole".

Finally, you have to know values and you have to outwork the other guys. How ? By testdriving 20 cars when you intend to buy 1 or 2. You have to have an information advantage or YOU could be the one getting stuck with a problem car.

As for the various state laws, Im not here to advocate ANY lawbreaking. But, Ive never seen anyone go to jail for selling more cars than their states supposed limit.

Call your state, ask their requirements and GET CREATIVE.

Think outside the box. Find a way. If all you see are roadblocks, look for ways around them.

If going 62 in a 60 zone is a moral outrage to you than perhaps you need a job where you make $300 a week.

Believe me, the state has a lot more important things to do than track down who sold how many cars this year. They dont have the manpower. Period.

Rules of thumb.
1. Dont cheat or lie to people. Enough things can happen with used cars.

2. Dont even think about rolling the odomoters back. You'll get caught and go to jail.

3. Make sure everyone you sell to clearly understands and the paperwork backs you up that your car is sold AS-IS. Period.

4. Make sure your buyers get clear titles. No matter what.

5. If you sell a previous salvage car, you darn well better disclose it in no uncertain terms and make darn sure the buyer grasps the car was seriously damaged & repaired.
(If it ever goes to court, the dealer will lose 9 times out of 10 with previous salvage cars) Judges dont want to hear it. I have made buyers write & sign a handwritten notice that they understand the car was seriously damaged & repaired and accepts it AS IS with all faults now and in the future. (Many dealers will simply not buy previous salvage cars for this reason) Bargains can be found, but understand the risk. And make sure they are cheap for both you and the buyer.

The tough part is knowing car values and that can only come from long hours spent on the auction blocks watching what they bring. If you dont know a bargain when you see one, you can overpay by $1000+.

5. The auctioneers are not your friends. Their job is to get he most money he can for the seller. If you dont know what you are doing, you may end up being the only bidder and paying retail.

In the end, I guess its like most everything else, the more you put into it (getting great deals for others) the more you will make.

As for the guy that said it would be easy to make $5-10k a week, I think thats a big overstatement. There are very few low priced cars where you can make $1200+ on them and you sure cant sell 8 a week out of your garage.

I know a guy who probably makes well over $20k a week. But he has 2 car lots and he wholesales probably 10 cars a week on top of that.Probably at least a half million invested. He works his tail off. His overhead is such that he cant afford to play hooky for any length of time. And he has 20 years experience.




RhizzleBop said: fw201: Do you buy your cars at auction? Do you bid based on about half ok KBB or something? Does your state require you to have a dealer liscense which also requires that you have a Brick and mortar location for buyers to come back to if they have problems? In SC I understand you can only sell 6 cars a year as an individual.

Did you need a dealer's license? And what do you mean playing the float? How does that work?
It means he sold the car before actually paying for it.

fw201 said:
________________________________________________________

If going 62 in a 60 zone is a moral outrage to you than perhaps you need a job where you make $300 a week.

_______________________________________________________

Great, only speeders can earn a living. I thought traffic was bad enough.

My vote for making extra money on the side is selling some of the 2000 comic books I've got locked up in the vault. I don't think they'll be worth as much in the "digital" age after the baby boomers who grew up reading them have retired.

Thanks FW201 for your reply.

That information was very good. I wasn't saying that anyone would go to jail. I was more refering to tax and income statements and having records that you sold more cars than you're allowed to. BAsically, you'd never have a problem unless you got audited. Thanks for that. I understand you gotta be creative.

On selling cars for extra cash: It's not entirely true that the state has better things to do than notice an unusual number of titles passing through your hands. My grandfather did this for awhile and after the 6th or 7th car he got a letter from the State of Georgia telling him to cease and desist or get a license. He stopped, and that was the last of it, but apparently you might need to get creative to avoid a letter from the state.

Now, my father routinely trades cars (he's into restoring old, really old, cars), and I'd say he probably goes through 5 or 6 a year, and he's never gotten a letter. I believe he often never signs the title when he expects to sell, so the transfer is technically from the previous owner to the owner after him, with him never actually holding title. I believe this is illegal (in Georgia, I believe it actually tells you to not accept the title if it's done this way right on the back of the title), but apparently in car trading circles people deal with this informally and it works.

Totally different departments.

The income tax folks dont talk much with the folks who deal with car titles.


Besides, most people LOSE money on cars so very few actually show income from car sales on their income taxes as an extra item unless their primary business is car sales.


RhizzleBop said: Thanks FW201 for your reply.

That information was very good. I wasn't saying that anyone would go to jail. I was more refering to tax and income statements and having records that you sold more cars than you're allowed to. BAsically, you'd never have a problem unless you got audited. Thanks for that. I understand you gotta be creative.

Thats usally the worst case scenario. Cease & desist...or get a license.

But, if you are selling 7 in a year, you can easily afford the license.

Besides, has every family member sold their allotment ?

Finally, you can deal with cars from individuals without ever having them titled.

Most folks just sign the back and leave it open. Then, when you sell it, you fill in the info and make a bill of sale from the original owner to your buyer.

(DONT do this if you are a licensed dealer though, thats a big no-no in that case)

I know a guy who sat a cars for sale in front of his house for many years.

After a few complaints, the folks from the county said he probably ought to limit it to one at a time...he did that for a few years...one outfront at a time.

And a few years later, he got a cease & desist from selling cars out of his front yard.

But, that was just extra money, he already has a lot anyway.


kevpriest said: On selling cars for extra cash: It's not entirely true that the state has better things to do than notice an unusual number of titles passing through your hands. My grandfather did this for awhile and after the 6th or 7th car he got a letter from the State of Georgia telling him to cease and desist or get a license. He stopped, and that was the last of it, but apparently you might need to get creative to avoid a letter from the state.

Now, my father routinely trades cars (he's into restoring old, really old, cars), and I'd say he probably goes through 5 or 6 a year, and he's never gotten a letter. I believe he often never signs the title when he expects to sell, so the transfer is technically from the previous owner to the owner after him, with him never actually holding title. I believe this is illegal (in Georgia, I believe it actually tells you to not accept the title if it's done this way right on the back of the title), but apparently in car trading circles people deal with this informally and it works.

Thanks for all the great info, fw201! We really appreciate your contribution.

KevPriest

The way the "float" works is....generally, the auction or dealer does not cash your check untill they get clear title. It usually takes 2-5 days on cars where they HAVE the title to process it so you have free use of the money. On cars with payoffs from banks & so forth, it can take a month or two. Right now Im waiting on one thats been 2 months.

I sold it last month.

Generally, you write a check when you buy it, and the auction or title clerk will CALL you when the title comes in. At that time,they tell you your title is in and proceed to deposit your check. Some guys say "Let me bring you cash for that" and then stall another day or two. Some title clerks will give you another week just for asking if you are nice to them.

I remember having to run down to sears to take a cash advance out on my discover card because I had "over-played" the float as well as bought more cars than I could pay for!

Still, the interest & cash advance fee was minimal compared to what I made on the cars.

Generally, you will need a dealers license to write checks & play the float.

Im NOT advocating check kiting. (I met a man who got probation for that, he wasnt in the car business but was kiting large checks for money he didnt have)

With the new quicker turn times on checks, its hard to kite even if you want too.

When I say, play the float, I mean from the time you take possession of the car untill the time the check clears your bank account. You can sometimes sell the car before you actually pay for it.

On the reverse side, if you sell to a dealer or at an auction, they arent going to pay you untill you produce a title. So the float only works when you are selling to a retail customer and you are applying for a title on their behalf.


thetrump said: Did you need a dealer's license? And what do you mean playing the float? How does that work?
It means he sold the car before actually paying for it.

One of the hardest things I've found to start an eBay business is to find a reliable and honest supplier. Does anyone have any advice on how to go about finding suppliers w/ out breaking your bank account?

Amen to princess20ny: Its a nightmare trying to find a reliable site. I thought I had finally found one at a&w surplus. I found a few items that you could buy dirt cheap and make a fair return if you are doing pretty good volume. However i just got a shipping quote. These were some 28 pound items but the shipping came out to oveer 1400 bucks. It was more than the order total. I can't work with that. It does appear though that maybe on lighter items you could do a little bit with it. I dunno. I've looked into buying dvd's and the net just yields a bunch of alleged wholesalers who are also just trying to make a buck on what they got from a real wholesaler. Its rediculous.

To FW201: Thank you for all your info on the car selling. my concern of the 6 limit was that if you are at auction and buying cars then I dunno how it can be worked that it appears that your mom sold it or whatever. Also, if it worked I'd have no problem just paying for the liscense and insurance which will be like 2 or 3 K for a year, but ALSO in So Car. you have to have some form of b&M location for your buyer to bring their problems back to not related to your home. That can run up a bit more costly. I know there is money there, I guess I just gotta get up the courage to go and jump on a car for a couple K and see what I can do with it.

princess20ny said: One of the hardest things I've found to start an eBay business is to find a reliable and honest supplier. Does anyone have any advice on how to go about finding suppliers w/ out breaking your bank account?Any supplier with a brain will sell directly on eabay, thus bypassing the middlewoman and her junk costs/profit.

princess20ny said: One of the hardest things I've found to start an eBay business is to find a reliable and honest supplier. Does anyone have any advice on how to go about finding suppliers w/ out breaking your bank account?

only suggestion I have.. I found a furniture manufacturer.. small business.. that makes smaller kid sized furniture for schools.. he was doing great business.. and wasnt motivated to do any more.. so I talked to him over a few beers.. and got him to front me some of his stuff to sell on eBay for a % of the profit.. worked out pretty well...

so the suggestion.. find some small manufacturing business thats doing OK.. and see if you can move some of their product for them... good luck..

That is just not true. Perhaps I was wrong in labeling "manufacturer" as a "supplier" and this is where your disconnect is. Manufacturers are typically not concerned w/ selling their stuff to the public directly. They sell their stuff in bulk, and have someone else handle the distribution, i.e. be the middleman. However large companies will only sell their stuff if you agree to order a huge amount for a *flying dooty* load of $ so for me, a small ebayer, that is just out of the question. For example, Coach a popular name brand for handbags requires you to be in a reputable business for a year before they agree to sell you a minimum order of $50k of their hand bags. In that case you better have a pretty danm good business plan to get rid of that stuff before it goes out of style. They don't always sell their stuff direct through coach stores, but often in small privately owned boutiques as well, who are their additional "middlemen".

In any case, there are many people who have a contract w/ the manufacturers or a good wholesaler who will take a % of your profit in exchange for selling to you in cheap for bulk. I become the middleman for doing their dirty work and get a profit out of it for doing so. The issue is in the fact that finding yourself in a middleman position seems to be next to impossible w/ out connections in that industry.

Back to the use car resale thing:

If you do not have a dealer license, you won't be able to get in to the auction! So what fw201 suggesting is not possible for most perople. Getting a dealer license is not as easy as getting a gun permit. You have to met a lot of requirements, at least in the eastern states.

By the way, I really hate people telling other people to do something that is next to impossible to do. If you want to show off, that is fine. If you just want to BS around, I think you are at the wrong place.

hr8473 said: Back to the use car resale thing:

If you do not have a dealer license, you won't be able to get in to the auction! So what fw201 suggesting is not possible for most perople. Getting a dealer license is not as easy as getting a gun permit. You have to met a lot of requirements, at least in the eastern states.

By the way, I really hate people telling other people to do something that is next to impossible to do. If you want to show off, that is fine. If you just want to BS around, I think you are at the wrong place.


For example here in Illinois to get a dealers license you need a lot and literally a lot, the application requires lot dimensions and so forth. You will also need a mechanical garage on your lot to do repairs for any car you sell or a garage who will be willing to do repairs to cars you sell.

Someone mentioned the ING account and getting 0% apr cash advance credit cards. Can someone explain to me how this works exactly? I cannot understand how this would be very profitable. Most cards I saw w/ 0% on cash advance are generally for 6 months only. Putting that aside however, say if the 0% apr is for a year and I transfer $10,000 into my ING account from a 0%apr credit card... at the end of the year at ING's 3% I get $300. Is this what this money making opportunity is? I just don't see how the benefit outweighs the cost unless you have like 10 credit cards at work in this thing.

Doesn't this:
#1 ruin your credit for having so many cards
#2 is the hassle of making sure that you open and cancel each account at the right time worth it?

Am I understanding this money making scenario correctly or is there something else in addition to this that I do not see which would make it a greater benefit?

#1 - no. number of cards not a significant factor. % useage & inquries do hurt for a while though
#2 - no need to cancel anything but yes you do have to open accounts to use them

Your example is about right, if you have other offers of $300 for nothing I suggest you take them - and tell us about them.

There are many auctions open to both the public and dealers. I went to one EVERY WEEK for several years. The public bought maybe 10% of them cars, the dealers bought the other 90%. As long as you arent bidding against a retail buyer, it doesnt matter.

Besides, i said to BE CREATIVE. If you cant THINK for yourself you are just asking for charity.

Those that cant see a way out are doomed by their own thought process.

Yes, in many states, to get a retailers license, you need a lot. Guess what ? To get a wholesalers license, you dont.

Besides, if you cant make money without a dealers license, you probably wont be able to make money with one.

Get sundays paper early saturday morning. Buy the good/cheap cars before most people know they are for sale.

Most sellers have no idea what they are doing and will sign a blank bill of sale and back of the title. You are then able to resell it without a dealers license.

Is it 100% above the board legal ? Neither is jaywalking.

If you tell the seller you are doing it, you can do it as their agent and it IS 100% legal.

Befriend a small car dealer. Maybe help him drive a car back & forth from time to time. There are limitless possibilities for those who can think.

Seems to me there are some people that are better at thinking of ways why something CANT be done than thinking of ways it CAN be done.

I REPEAT !!! Buying at a dealer auction is NOT the most important part of making money for a very small timer. If you cant find good cars outside of auction, you may very well pay way too much inside an auction because the auctioneers can SEE how clueless you really are and will have you bidding against a non-existent bidder.

An auction is just another way for a sheep to be fleeced if you dont know what you are doing.

PS, I wasnt telling anyone to do anything.

Do what you want. But CANT never could do anything.

Some people say "Never finance anyone no matter what".

I say. BE CREATIVE.

Suppose you have a car you paid $1500 for. You are asking 2495 and a prospective buyer loves it and wants it. Problem is, he only has $2200 and wants to buy a car today. If you dont sell to him, he will very likely buy from someone else.

Question: Which is more ?
A.$2200 and an IOU for $295 or
B.$2200 and no IOU ?

What if that person NEVER pays me the $295 ? Was I ripped off or did I get the same amount as if I had sold it for the $2200 he did have ?

And believe me, 90% of the people that pay you $2200 will pay the other $295. Especially when you put yourself down as lienholder.

I cant tell you how many otherwise intelligent people cannot grasp the fact that A. is worth more than B. in the above question.

Its yet another example of creative thinking. In the above instance, the price of the car wasnt the impediment, the amount of cash in the buyers pocket at that moment was.

I lost a potential deal yesterday. First time in my life. The guy was from out of town...about an hour away. Checks my car out....testdrives it TWICE and then a 3rd time with his wife. Wants the car but wants me to take a check from an out of town bank at 7 pm on a friday. I suggested we meet at 9 am saturday morning and he said they both work.

Anyway, he drove off pissed off because I wouldnt give a total stanger my $3000 car for a check. His check may have been good. But with an as-is car, I dont want that risk. I dont want the risk that he totals it on the way home. Or the risk that he burns up the motor hotrodding it the next day or whatever.

And of course I dont want the risk that an out of towner writes be a bad check.

Sure, If he did, he could eventually get arrested.

But in the meantime, my car is gone.

Im not taking THAT risk. But a $295 IOU is worth more than no IOU. Even if the person doesnt have perfect credit. Even if he pays slower than agreed. Even if waits for 2 years when he goes to sell it to pay it off.

PS, the $295 example is assuming you would be willing to sell the car for $2200 cash. If so, the IOU is gravy.







hr8473 said: Back to the use car resale thing:

If you do not have a dealer license, you won't be able to get in to the auction! So what fw201 suggesting is not possible for most perople. Getting a dealer license is not as easy as getting a gun permit. You have to met a lot of requirements, at least in the eastern states.

By the way, I really hate people telling other people to do something that is next to impossible to do. If you want to show off, that is fine. If you just want to BS around, I think you are at the wrong place.

I do nearly every 0% credit card deal they throw my way if it makes financial sense.

You have to look at several things...the cash advance fee...many banks wont waive them so you may have to pay $50 upfront, then the length of time.

So suppose i get a $30k cash advance, I only net $29,950 after the cash advance fee.

Deposit the $29,950 at ING or whereever. Interest at 3.15% on $29,950 for 6 months is $471.71. But, you have to payback $30,000 so you subtract $50 and you net $421.71.

(This is a simplfied example, not taking into account the small monthly payments to your creditcard which MUST be made, still, you should net over $400 pretax)

The keys are...
DO NOT MISS A PAYMENT.
DO NOT USE THIS CREDITCARD FOR ANYTHING ELSE WHILE YOU ARE DOING THIS.
MAKE SURE YOU PAY IT OFF BY THE DUE DATE.

Oftentimes, you can flip the balance from one creditcard to another when one balance is due so you can pretty much keep large balances out for long periods of time on multiple cards.

I think I went about 2 years straight going back & forth before Discover wouldnt give me another one. And the funny thing was, 2 weeks later they offered me the same deal again.


Im a little suprised more card issuers dont stop offering them to those of us who never pay any interest. Im sure the others are making up for it but it still seems pretty easy to see if someone has taken a dozen cash advances and never paid a penny in interet over the years !

princess20ny said: Someone mentioned the ING account and getting 0% apr cash advance credit cards. Can someone explain to me how this works exactly? I cannot understand how this would be very profitable. Most cards I saw w/ 0% on cash advance are generally for 6 months only. Putting that aside however, say if the 0% apr is for a year and I transfer $10,000 into my ING account from a 0%apr credit card... at the end of the year at ING's 3% I get $300. Is this what this money making opportunity is? I just don't see how the benefit outweighs the cost unless you have like 10 credit cards at work in this thing.

Doesn't this:
#1 ruin your credit for having so many cards
#2 is the hassle of making sure that you open and cancel each account at the right time worth it?

Am I understanding this money making scenario correctly or is there something else in addition to this that I do not see which would make it a greater benefit?



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