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Started By
Message
If you had $60k cash to start a business
Posted on 7/13/13 at 3:19 pm
Posted on 7/13/13 at 3:19 pm
What business would you start?
16
Posted on 7/13/13 at 3:23 pm to offshoretrash
What are your interests and what do you love to do that could be a business? Start there.
Posted on 7/13/13 at 3:27 pm to VABuckeye
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.
Posted on 7/13/13 at 3:34 pm to offshoretrash
Start a business that
You are welcome.
quote:likes to do, say eat,drink,smoke and breed. Mobile home repair might be another option.
offshoretrash
You are welcome.
Posted on 7/13/13 at 3:34 pm to offshoretrash
EMU Farm 
Posted on 7/13/13 at 3:36 pm to offshoretrash
Payday loan and pawn shop
Posted on 7/13/13 at 3:37 pm to offshoretrash
Ice vending
Posted on 7/13/13 at 3:42 pm to StrangeBrew
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.
Posted on 7/13/13 at 3:43 pm to jimbeam
quote:
ce vending
frick off bro.
Posted on 7/13/13 at 3:43 pm to jimbeam
quote:
Ice vending
Too late in the game there's one around every corner now.
Posted on 7/13/13 at 3:47 pm to offshoretrash
Water vending
Posted on 7/13/13 at 3:58 pm to jimbeam
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...
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 7/13/13 at 4:03 pm
Posted on 7/13/13 at 4:00 pm to ThaBigFella
food truck
Posted on 7/13/13 at 4:01 pm to jimbeam
Any of you guys had any dealings with liquidators?
Posted on 7/13/13 at 4:02 pm to I Love Bama
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
Posted on 7/13/13 at 4:04 pm to ThaBigFella
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 7/13/13 at 4:05 pm
Posted on 7/13/13 at 4:06 pm to offshoretrash
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
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
Posted on 7/13/13 at 4:08 pm to ThaBigFella
I have a pretty good friend that owns one I may go talk to him.
Posted on 7/13/13 at 4:13 pm to ThaBigFella
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.
Posted on 7/13/13 at 4:14 pm to offshoretrash
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
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 7/13/13 at 4:17 pm
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