If you had $60k cash to start a business | TigerDroppings.com

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offshoretrash
LSU Fan
Farmerville, La
Member since Aug 2008
5014 posts

If you had $60k cash to start a business


What business would you start?






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VABuckeye
Ohio State Fan
Oak Hill, VA
Member since Dec 2007
10576 posts

re: If you had $60k cash to start a business


What are your interests and what do you love to do that could be a business? Start there.





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offshoretrash
LSU Fan
Farmerville, La
Member since Aug 2008
5014 posts

re: If you had $60k cash to start a business


quote:

What are your interests and what do you love to do


Sporting goods and a pawn shop have been on my mind for years but the market is saturated with both.






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StrangeBrew
LSU Fan
Salvation Army-Thanks Obama
Member since May 2009
13467 posts

re: If you had $60k cash to start a business


Start a business that
quote:

offshoretrash
likes to do, say eat,drink,smoke and breed. Mobile home repair might be another option.

You are welcome.






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MoreOrLes
LSU Fan
Member since Nov 2008
16555 posts

re: If you had $60k cash to start a business


EMU Farm





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I Love Bama
Alabama Fan
Alabama
Member since Nov 2007
31958 posts

re: If you had $60k cash to start a business


Payday loan and pawn shop





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jimbeam
USA Fan
University of LSU
Member since Oct 2011
30005 posts

re: If you had $60k cash to start a business


Ice vending





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offshoretrash
LSU Fan
Farmerville, La
Member since Aug 2008
5014 posts

re: If you had $60k cash to start a business


quote:

eat,


Too much bs and too many restaurants already in my area.

quote:

,drink,smoke


Several tobacco and liquor stores already

quote:

breed


Illegal or we'd all be broke

quote:

Mobile home repair might be another option.



Makes no sense what so ever. If' you're trying to be a smart arse it's a stupid comment.






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I Love Bama
Alabama Fan
Alabama
Member since Nov 2007
31958 posts

re: If you had $60k cash to start a business


quote:

ce vending


frick off bro.






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offshoretrash
LSU Fan
Farmerville, La
Member since Aug 2008
5014 posts

re: If you had $60k cash to start a business


quote:

Ice vending


Too late in the game there's one around every corner now.






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jimbeam
USA Fan
University of LSU
Member since Oct 2011
30005 posts

re: If you had $60k cash to start a business


Water vending





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ThaBigFella
LSU Fan
baton rouge
Member since Apr 2006
2043 posts

re: If you had $60k cash to start a business


I don't know why you think payday loans and pawn shops are saturated. I think any one you open will thrive. I cash checks at 2 of my 4 stores and you'd be stunned how many people could care less that walmart is $3 and I charge a heft % ......poor people like convenience, they're not going out of their way to cash a check.

Just make it a nice pawn shop and they will come, most are nasty, make it a cool place to be and they will flock to you

just beat other pawn shops rates, one of my employees showed me a ticket for a $60 loan at 20%/week.....charge 15% you'll still profit...



This post was edited on 7/13 at 4:03 pm


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HailToTheChiz
Auburn Fan
Behold, SKYWHALE!
Member since Aug 2010
7291 posts
 Online 

re: If you had $60k cash to start a business


food truck





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offshoretrash
LSU Fan
Farmerville, La
Member since Aug 2008
5014 posts

re: If you had $60k cash to start a business


Any of you guys had any dealings with liquidators?





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ZereauxSum
LSU Fan
Lot 23E
Member since Nov 2008
8025 posts

re: If you had $60k cash to start a business


quote:

Payday loan


I know there are some folks here who have objections to these but I would consider this or a small consumer finance company






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offshoretrash
LSU Fan
Farmerville, La
Member since Aug 2008
5014 posts

re: If you had $60k cash to start a business


quote:

I don't know why you think payday loans and pawn shops are saturated.


I don't know anything about payday loans but there are at least 8 pawn shops in W. Monroe.



This post was edited on 7/13 at 4:05 pm


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ThaBigFella
LSU Fan
baton rouge
Member since Apr 2006
2043 posts

re: If you had $60k cash to start a business


that's bc they all make money....undercut them on the rate....poor people will leave....20% a week is insane....12%/week and you'd own the market

you also buy everything for like 15 cents on the dollar and flip it on ebay for full retail....its a crazy business, you just have to deal with shitty people






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offshoretrash
LSU Fan
Farmerville, La
Member since Aug 2008
5014 posts

re: If you had $60k cash to start a business


I have a pretty good friend that owns one I may go talk to him.





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offshoretrash
LSU Fan
Farmerville, La
Member since Aug 2008
5014 posts

re: If you had $60k cash to start a business


quote:

ou also buy everything for like 15 cents on the dollar and flip it on ebay for full retail


I understand the business I've been dealing with them for many years. Bought several guns in them. They will always deal with you because they have so little in the item they are selling.






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ThaBigFella
LSU Fan
baton rouge
Member since Apr 2006
2043 posts

re: If you had $60k cash to start a business


Offshore Trash, I have garages at a few of my gas stations, I have a car dealers license, I buy cars from manheim and copart online and if repairs are needed I handle it in house and sell them, easy $500-$1000 per car. It takes a little work, but you get a pre-sale list before the auctions and you can look at past sales and kinda get a good idea for what the going rate is, then you can look on Ebay and see what a good price is as well.

With $60K you can literally buy 6 good $10k cars and keep them at home and sell them or you can buy 10-12 cheaper cars, which actually sell faster. It's odd but the $10K+ ones usually require financing which I offer at a steep rate but you could buy and flip vehicles easily with a car dealer's license.

I have maybe 15 cars at any time with a total value of under $125K and I make a pretty nice return on that money monthly with even just 2-3 sales. Sometimes I sell 10 in a month, especially when tax refund checks come around....poor people love switching crappy cars, I'm blown away at some of them, I have one guy whose switched sub $7k cars 4 times this year, he's paid tax and title on all of them, hence why he is poor



This post was edited on 7/13 at 4:17 pm


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