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<p>[QUOTE="Detecto92, post: 1798056, member: 75105"]I had a thought today on how to become a dealer on a very small budget.</p><p><br /></p><p>I thought of getting some business cards made up to refer people to my site, offering a appraisal service for $19.95.</p><p><br /></p><p>I know some people will send in a bunch, and some will send in a little. I figure the time and money it takes to appraise just a handful of coins will balance out with a larger appraisal.</p><p><br /></p><p>This would generate "leads", or clients.</p><p><br /></p><p>Of course a seller would have to pay for shipping and insurance both ways, but it would be worth it if they don't have a coin shop in their area. </p><p><br /></p><p>Then once I get...say $500 built up from appraisals, start putting "offers" in with the appraisal. If they have a coin I appraised for $90 (price from numismedia FMV) making an offer for say $70, which of course they can reject or accept.</p><p><br /></p><p>Then any money made from the sales, can be used to purchase more coins.</p><p><br /></p><p>Then with a dual income source (appraisals + coin profits) I could end up becoming a "part time dealer".</p><p><br /></p><p>I'm giving this some serious thought, but would like to hear opinions from others[/QUOTE]</p><p><br /></p>
[QUOTE="Detecto92, post: 1798056, member: 75105"]I had a thought today on how to become a dealer on a very small budget. I thought of getting some business cards made up to refer people to my site, offering a appraisal service for $19.95. I know some people will send in a bunch, and some will send in a little. I figure the time and money it takes to appraise just a handful of coins will balance out with a larger appraisal. This would generate "leads", or clients. Of course a seller would have to pay for shipping and insurance both ways, but it would be worth it if they don't have a coin shop in their area. Then once I get...say $500 built up from appraisals, start putting "offers" in with the appraisal. If they have a coin I appraised for $90 (price from numismedia FMV) making an offer for say $70, which of course they can reject or accept. Then any money made from the sales, can be used to purchase more coins. Then with a dual income source (appraisals + coin profits) I could end up becoming a "part time dealer". I'm giving this some serious thought, but would like to hear opinions from others[/QUOTE]
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