Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
US Coins Forum
>
Retail or wholesale, somewhere inbetween?
>
Reply to Thread
Message:
<p>[QUOTE="BooksB4Coins, post: 2291497, member: 36230"]The book, other than perhaps when buying extreme widgets (and even then) is essentially worthless. It's not going to help you in your quest, Brandon; the best thing you can do is to learn <i>your</i> market.</p><p><br /></p><p>As for being a small dealer on Amazon, first things first. It's easy to think of selling, but do you have anything to sell, and if not, how do you plan on acquiring it? What about replenishing sold inventory? Have you researched the venue to see if it's even viable for what you want to do? Even this may be too far ahead into the future... do you know what you want to sell, and by this I don't mean (just as an example) Mercs, but do you <i><u>know</u></i> the series and all that comes with it? Can you properly grade to an accepted standard, and can you truly identify counterfeit, altered, doctored, problem, etc, etc coins? If not, well, this is where you need to start. By not truly knowing your wares, you would not only open yourself up to the possibility of angry customers on one end (among other things), but also of leaving money on the table in the other, and this isn't even considering the disasters that could very well happen when buying inventory. The point is that there's a lot more to selling coins than simply wanting to sell coins, and unlike many retail businesses, you need to, more often than not, know more about the product than your customers. Short of offering sucker bait to fools, knowledge is the key here if you want any reasonable chance of succeeding.[/QUOTE]</p><p><br /></p>
[QUOTE="BooksB4Coins, post: 2291497, member: 36230"]The book, other than perhaps when buying extreme widgets (and even then) is essentially worthless. It's not going to help you in your quest, Brandon; the best thing you can do is to learn [I]your[/I] market. As for being a small dealer on Amazon, first things first. It's easy to think of selling, but do you have anything to sell, and if not, how do you plan on acquiring it? What about replenishing sold inventory? Have you researched the venue to see if it's even viable for what you want to do? Even this may be too far ahead into the future... do you know what you want to sell, and by this I don't mean (just as an example) Mercs, but do you [I][U]know[/U][/I] the series and all that comes with it? Can you properly grade to an accepted standard, and can you truly identify counterfeit, altered, doctored, problem, etc, etc coins? If not, well, this is where you need to start. By not truly knowing your wares, you would not only open yourself up to the possibility of angry customers on one end (among other things), but also of leaving money on the table in the other, and this isn't even considering the disasters that could very well happen when buying inventory. The point is that there's a lot more to selling coins than simply wanting to sell coins, and unlike many retail businesses, you need to, more often than not, know more about the product than your customers. Short of offering sucker bait to fools, knowledge is the key here if you want any reasonable chance of succeeding.[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
US Coins Forum
>
Retail or wholesale, somewhere inbetween?
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...