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<p>[QUOTE="The_Cave_Troll, post: 312943, member: 1674"]I believe that goals 1/2 and 3/4 are mutually exclusive. I don't know of a single part-time dealer who is able to charge a seller's fee on a regular basis. Additionally the large network you are mentioning isn't something that can be done part time. It has been my full time job for nearly a year now and I am just starting to develop a good network of suppliers and I work for the largest company in the business; one where everyone knows my check will be good the day I write it and where I have basically unlimited credit to work a deal. Even so, it has taken 50-60 hours a week, plus attendance at evrey major (and most medium) coin shows for a year to start having that large reliable network and I still have a long "want list" of stuff that I can't find at the moment.</p><p><br /></p><p>The upkeep on a large list of suppliers is also something that you are underestimating. For me (or any other wholseale dealer) to want to do business with you you need to establish credit first so that you can write a check instead of having to pay with cash or a cashier's check. Unless you are financially sound to the point that your bank will vouch for your creditworthiness you will have to build that credit through numerous positive transactions. Buying and selling wholesale is quite challenging (unless you are willing to pay retail prices) because the people that you are dealing with will know at least as much as you do (and usually more, as a newbie dealer) the vast majority of the time. This is their livelihood and they don't make very many mistakes.</p><p><br /></p><p>Finally, how are you going to buy and sell to/from the public if you are working somewhere else full time? Unless you deal entirely online and via a voice messaging system you will have great difficulty fitting it around your regular job. But if you do go online/VM only then you will cut out the huge group of potential custioners/clients/suppliers who like to deal in person.</p><p><br /></p><p>With all due respect, you sound naive (evidenced by your overly simplistic goals). Even though I still think eBay is the right place for you, it soulds like you want to try working some shows, so try the smallest ones in your local area and once you are known by everyone at that level then move to larger shows. </p><p><br /></p><p>You should try to always buy from people when you look at their coins (even if you have to overpay a little at first) because only a bad check can ruin a wholesale relationship faster than being a tire-kicker and chiseler. Wholesalers need a reason to deal with you instead of someone else, so you need to remove as many potential barriers as possible, so that they will make time for you/save you things they think you might buy/call you if they come across a deal that might work better for you than them. If dealing with you becomes a pain in the tail they will choose to deal with someone else because it is easier and more pleasant. I guarantee that the people I do the most business with are the one who make me the most profit and don't waste my time; you need to be one of those guys if you want to be a successful wholesale dealer.[/QUOTE]</p><p><br /></p>
[QUOTE="The_Cave_Troll, post: 312943, member: 1674"]I believe that goals 1/2 and 3/4 are mutually exclusive. I don't know of a single part-time dealer who is able to charge a seller's fee on a regular basis. Additionally the large network you are mentioning isn't something that can be done part time. It has been my full time job for nearly a year now and I am just starting to develop a good network of suppliers and I work for the largest company in the business; one where everyone knows my check will be good the day I write it and where I have basically unlimited credit to work a deal. Even so, it has taken 50-60 hours a week, plus attendance at evrey major (and most medium) coin shows for a year to start having that large reliable network and I still have a long "want list" of stuff that I can't find at the moment. The upkeep on a large list of suppliers is also something that you are underestimating. For me (or any other wholseale dealer) to want to do business with you you need to establish credit first so that you can write a check instead of having to pay with cash or a cashier's check. Unless you are financially sound to the point that your bank will vouch for your creditworthiness you will have to build that credit through numerous positive transactions. Buying and selling wholesale is quite challenging (unless you are willing to pay retail prices) because the people that you are dealing with will know at least as much as you do (and usually more, as a newbie dealer) the vast majority of the time. This is their livelihood and they don't make very many mistakes. Finally, how are you going to buy and sell to/from the public if you are working somewhere else full time? Unless you deal entirely online and via a voice messaging system you will have great difficulty fitting it around your regular job. But if you do go online/VM only then you will cut out the huge group of potential custioners/clients/suppliers who like to deal in person. With all due respect, you sound naive (evidenced by your overly simplistic goals). Even though I still think eBay is the right place for you, it soulds like you want to try working some shows, so try the smallest ones in your local area and once you are known by everyone at that level then move to larger shows. You should try to always buy from people when you look at their coins (even if you have to overpay a little at first) because only a bad check can ruin a wholesale relationship faster than being a tire-kicker and chiseler. Wholesalers need a reason to deal with you instead of someone else, so you need to remove as many potential barriers as possible, so that they will make time for you/save you things they think you might buy/call you if they come across a deal that might work better for you than them. If dealing with you becomes a pain in the tail they will choose to deal with someone else because it is easier and more pleasant. I guarantee that the people I do the most business with are the one who make me the most profit and don't waste my time; you need to be one of those guys if you want to be a successful wholesale dealer.[/QUOTE]
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