buying high end coral and selling it for cheap

Discussion in 'Reef Aquarium Discussion' started by reeflover_3303, Mar 15, 2019.

  1. reeflover_3303

    reeflover_3303 Active Member

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    Has anyone ever thought of this ??
    As I’m going to be starting a anemone dedicated and the market is for nems is big. I was thinking if I sell nems and start buying all the fancy nems and sps. Then selling them for cheap to allow others to enjoy what the expensive market is all about.
     

  2. Zakery Murray

    Zakery Murray Active Member

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    Well yes, but you would be losing alot of money unless you wait for splitting anemones.
     
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  3. Sod Buster

    Sod Buster Valuable Member Build Thread Contributor

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    Figure out how you will seal the bags, pack them in coolers with heat/cold packs and guarantee live delivery w/ a doa claim and you'll be ok.
     
  4. amazongb

    amazongb Active Member R2R Supporter R2R Secret Santa

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    Sounds like a solid plan, but you have to consider your risk.. if your tank crashes and you lose your high-end nems, then what? If you feel that there's no risk in a tank crash happening, then how long will it take to recoup your initial investment by selling low?
     
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  5. Zakery Murray

    Zakery Murray Active Member

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    Now if only someone would do this for torch corals, rip my budget on those dang things.
     
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  6. reeflover_3303

    reeflover_3303 Active Member

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    For the nems I’m planning on waiting for splits but I’m going to take things really slow. I’m going to be using money that came from the tank and trying to make some what of a profit but that’s not my main goal.
     
  7. Zakery Murray

    Zakery Murray Active Member

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    What nems are you planning on using?
     
  8. reeflover_3303

    reeflover_3303 Active Member

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    To start I’m going to use rose, rainbow and if I can find one locally a black widow.
     
  9. Zakery Murray

    Zakery Murray Active Member

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    You can find a rose bubble tip decently priced. imo
     
  10. BantyRooster97

    BantyRooster97 Well-Known Member

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    RBTA are cheap already. Look for Shermans, Black Widows, & Sunburst. Even rainbows can be had for 1/2 of what they go for online.

    I do this locally as well. I sell my Coral Collection Speckled nems for $35 - $65. $65 are 6"+
     
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  11. sde1500

    sde1500 Well-Known Member

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    Buy high and sell low. Sounds like every solid business plan I’ve ever heard of.
     
  12. Zakery Murray

    Zakery Murray Active Member

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    Hey you got any pics of those speckled nems, would love to add one to my tank?
     
  13. Dsnakes

    Dsnakes Knight Reefer R2R Supporter R2R Excellence Award Reef Squad Partner Member 2019 Reef Tank 365 Build Thread Contributor Hospitality Award

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    If you have money to burn I suppose why not. I’d be sure to recoup my investment before selling them dirt cheap though.

    I feel that’s how my first dabble in the stock market went ;Facepalm Thankfully I learned a few things quick.
     
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  14. reeflover_3303

    reeflover_3303 Active Member

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    Yup, its sure is one heck of a business plan.
     
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