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<p>[QUOTE=&quot;Twobit, post: 2243337, member: 73939&quot;]Inventory,inventory,inventory</p><p><br /></p><p>Building a starting inventory should be the first thing </p><p>that needs to be done somewhere close to $3000-$5000 worth.</p><p><br /></p><p>And personally if I were you (and I&#039;m not) you should spend </p><p>1-2 years building said inventory.</p><p>Small inventory=minimal sales.</p><p>I was told one time percentage sales to inventory is in the 10-15% range</p><p><br /></p><p>Example:</p><p>Say you only have 8-10 really nice coins in a small inventory generally speaking</p><p>those will be the ones that sell and now that you&#039;ve sold them you make $5 profit on each one.</p><p>5 x 10=$50.</p><p>Say table fees are $45 how much have you made?</p><p>Even if you sell 20 coins @ $5 profit each 20 x $5=$100.</p><p><br /></p><p>Think of it this way selling any one coin is like finding a needle in a haystack</p><p>you need that one coin collector that is looking for that one coin you have for sale at a price he/she is willing to pay.</p><p>So having 2-3 coins same date mm still will not guarantee a sale </p><p>(no 2 coins are the same).</p><p>Now if you have say 2-3 same date mm in 3-4 different grades (9-12 coins)</p><p>your chances of selling 1 of those 9-12 goes way up.</p><p><br /></p><p>And you&#039;ll need to do this for at least 2-3 coin series.</p><p><br /></p><p>And I get your just wanting to get started and there has to be a starting point</p><p>but lots &amp; lots of quality inventory is the number one key component to just getting started.</p><p><br /></p><p>And one other thing you might do is have a note pad and write down what folks are looking for like what coin date grade &amp; price range.</p><p>This will at least help you get an idea what collectors are looking for and you&#039;ll know what to buy and carry in your inventory.</p><p><br /></p><p>Hope this helps you in some way.&nbsp;&nbsp; Good luck!![/QUOTE]</p><p><br /></p>

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