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Message:: [QUOTE="jeffusa, post: 520411, member: 17160"]As someone who has specialized in business and computers in college, I can tell you that I think a lot of dealers and shops are poorly run. The thought of opening a shop has crossed my mind but I wouldn't do it. I can tell you that it is a rough business to stay in. A traditional retail business makes money on selling new inventory purchased from a manufacturer at a good markup. They generally can buy as much as they can sell. Coin shops on the other hand have no "endless" sources at good prices. If you are in business and are not making 20% margin you are having a rough time. On average you need to be making about 10% margin just to keep the lights on, pay credit card fees, rent, etc. The only way to survive in a low margin business is to sell in high volume like Wal-Mart, etc. So considering all that I have just mentioned the only way you are gonna make it in the coin business long term is by being able to "source" product at a very good cost. One of my older friends who built a 30 store chain from nothing told me his secret. He says he buys something for a dollar and sells it for two![/QUOTE]