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If a Dealer can sell a coin for $100 what should he pay?
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<p>[QUOTE="10gary22, post: 998276, member: 23626"]I really don't think the guys in this forum are trying to dictate to anyone. Certainly, you can attempt to buy items as cheaply as you can. Many do in fact take advantage of ignorant people and buy coins for next to nothing. But most successful businesses seem to build a reputation based on fairness and customer service. With all the electronic communication today, a bad rep spreads like wildfire.</p><p> </p><p>And you certainly can ask any amount you want for an item you want to sell. But a business with no clientele, doesn't exist. No sales equate to zero profit. No inventory equate to the same thing.</p><p> </p><p>As I noted earlier, the dealer who lowballed me on a coin lost every chance at my selling or buying from him. He also lost my son, his friends, my wife, her friends and the people I associate with.</p><p> </p><p>Eventually, his potential client pool can shrink to a point that his business is no longer viable. It seems that people want to go where they are treated fairly.</p><p> </p><p>Too many, start a business without the background necessary to be successful. Many do not even read or understand basic labor laws, etc. As in everything else, lack of knowledge can really hurt you.</p><p> </p><p>IMHO</p><p>gary[/QUOTE]</p><p><br /></p>
[QUOTE="10gary22, post: 998276, member: 23626"]I really don't think the guys in this forum are trying to dictate to anyone. Certainly, you can attempt to buy items as cheaply as you can. Many do in fact take advantage of ignorant people and buy coins for next to nothing. But most successful businesses seem to build a reputation based on fairness and customer service. With all the electronic communication today, a bad rep spreads like wildfire. And you certainly can ask any amount you want for an item you want to sell. But a business with no clientele, doesn't exist. No sales equate to zero profit. No inventory equate to the same thing. As I noted earlier, the dealer who lowballed me on a coin lost every chance at my selling or buying from him. He also lost my son, his friends, my wife, her friends and the people I associate with. Eventually, his potential client pool can shrink to a point that his business is no longer viable. It seems that people want to go where they are treated fairly. Too many, start a business without the background necessary to be successful. Many do not even read or understand basic labor laws, etc. As in everything else, lack of knowledge can really hurt you. IMHO gary[/QUOTE]
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If a Dealer can sell a coin for $100 what should he pay?
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