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- Dec 17, 2019
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Genius!!!Skip the store front all together, imagine the new Door Dash
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Genius!!!Skip the store front all together, imagine the new Door Dash
Sounds like you atleast were good at it, how did you start it, sounds like i could atleast learn something from you!I started a gun shop just before sandy hook happened
took a hobby and turned it in to a very lucrative business.
in 3 years we were clearing half a mil a year
sold the whole business 2 years ago because frankly I was tired of customers
Now I don’t even go shooting or talk about guns anymore because it was that bad.
anytime you turn a hobby into a business it sucks the love for it right out of you
Oh and i am not planning to quit anytime soon but if I could grow something then I may make it my full tine job later, well after I pay my house off atleast.
My beautiful wife is finishing up her masters in psychology. So she will be a licensed therapist in a year or so.may I ask what significant other does? I think the risk is very different depending on that. If its something that could mostly cover your bills then you have more cushion to take more risks as a couple. (And you can potentially use expenses or losses to pay less taxes! )
My wife is a psychologist too!!My beautiful wife is finishing up her masters in psychology. So she will be a licensed therapist in a year or so.
Sounds like you atleast were good at it, how did you start it, sounds like i could atleast learn something from you!
Here’s an idea that I havnt heard anyone mention even outside this thread:
As part of an lfs, be a used goods dealer. Everyone knows there is more money to be made in used cars VS new cars. Especially with MAP pricing, everyone is getting new stuff for the same and margins suck due to competition.
with used stuff, no one knows what you’re getting it for. I have a ton of items sitting around that quite frankly ill never use, and too lazy to post upon here or Craigslist. Just thinknif I had a shop to go and sell it off to (or even credit) kinda like game stop and used video games.
For example, I have a perfectly fine reef octopus skimmer sitting on my bench, that will never be used as long as I own it. I’m sure I can get 80-100 bucks on Craigslist, but is it worth the flaking, back and forth convos for it? Not for me.
but if an lfs took it in say for 75 credit or cash, I’m sure they can sell it for double, make more margin on it than new, offer a lower price point for someone looking to go cheap, not shell out as much for inventory, and for me, no adds online, no bartering thru email, no meeting up hoping not to get robbed or stood up, just take it there and that’s it. 10 minute drive done, instead of hours and days responding to a dozen different tire kickers.
when someone comes in and says they want a set up for less than a grand, they can piece it together used, instead of walking out with nothing, and they still have to buy livestock at some point .
You have one of the skills necessary to succeed that most hobbiest turned business owner don't have. The unemotional, hard core, math driven, process of a ROI. Ignore the ROI at your peril. Use those business analytics to shape your decisions.Oh and i am not planning to quit anytime soon but if I could grow something then I may make it my full tine job later, well after I pay my house off atleast.