Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
The Future of CoinTalk
>
Reply to Thread
Message:
<p>[QUOTE="fiatfiasco, post: 1902553, member: 67957"]<u><b>Josh. I want you to ignore every other post I have written on this thread. Listen to what I am about to say. All of it. </b></u></p><p><br /></p><p>You have passion. Thats great. But it really only counts once you have worked out all of the EXACT figures/costs/etc. Here is what you need to do. Please. Trust me on this.</p><p>Keep going to school. You are a college person. You need college. Work your job at the coin store during the summer. That is a godsend. I want you, you should, you need, to study and absorb EVERYTHING while you are there. I dont know your relationship with the store owner, but if you have a personal or "good" relationship, ask to be involved or at least observe every step involved in running that store.</p><p><br /></p><p>Then. Big part. SAVE EVERY DIME. STOP BUYING COINS/INVENTORY. Now I am not telling you to stop collecting, maybe just pull back a little. I could never stop hunting and finding coins I feel I need. But there have been times where I strictly budget myself. Save. Every. Penny. You. Can. Then, rather than just buying 100 junk coins so that you have something for whoever stumbles across your website, buy ONE coin. One coin you get for a great deal, that you know you can flip quickly for a profit. And put the website on hold. Use eBay. Yes, use eBay. For your stage in the game, you cannot possibly find more buyers, the fees are necessary and worth it. Then take the profit from that one coin, and buy two more, or one really really good one. For example, if your business budget is $1000, and of that $500 is for inventory, don't buy 100 x $5 coins. Buy one coin for $500 that you got a great deal on. And then flip it. Trust me here.</p><p><br /></p><p>Then, after time has passed, you have worked a summer at a coin store, you have some dough in your pocket, come back to the forum and post your experience. By then, you will be smarter, more educated, and a step closer to this dream.[/QUOTE]</p><p><br /></p>
[QUOTE="fiatfiasco, post: 1902553, member: 67957"][U][B]Josh. I want you to ignore every other post I have written on this thread. Listen to what I am about to say. All of it. [/B][/U] You have passion. Thats great. But it really only counts once you have worked out all of the EXACT figures/costs/etc. Here is what you need to do. Please. Trust me on this. Keep going to school. You are a college person. You need college. Work your job at the coin store during the summer. That is a godsend. I want you, you should, you need, to study and absorb EVERYTHING while you are there. I dont know your relationship with the store owner, but if you have a personal or "good" relationship, ask to be involved or at least observe every step involved in running that store. Then. Big part. SAVE EVERY DIME. STOP BUYING COINS/INVENTORY. Now I am not telling you to stop collecting, maybe just pull back a little. I could never stop hunting and finding coins I feel I need. But there have been times where I strictly budget myself. Save. Every. Penny. You. Can. Then, rather than just buying 100 junk coins so that you have something for whoever stumbles across your website, buy ONE coin. One coin you get for a great deal, that you know you can flip quickly for a profit. And put the website on hold. Use eBay. Yes, use eBay. For your stage in the game, you cannot possibly find more buyers, the fees are necessary and worth it. Then take the profit from that one coin, and buy two more, or one really really good one. For example, if your business budget is $1000, and of that $500 is for inventory, don't buy 100 x $5 coins. Buy one coin for $500 that you got a great deal on. And then flip it. Trust me here. Then, after time has passed, you have worked a summer at a coin store, you have some dough in your pocket, come back to the forum and post your experience. By then, you will be smarter, more educated, and a step closer to this dream.[/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
>
Coin Chat
>
The Future of CoinTalk
>
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...