jerseyben
Gold Member
a $1000 sale on Ebay will have $100 in fees. You would risk $800 to make $100 after your work? I've seen too many items/ deals/ sales go wrong... Too many unbreakable items have broken. Too many packages have been mistracked by the post office... That's an awful lot of risk for a little reward. I was temped once on an $1100 motorcycle. 3 had sold for $3500 to $5000 in the last 3 weeks. none were on sale. I didn't have the cash on hand (I was in the middle of finishing a HUGE transaction for an Olympic Collection, and that was taking up all of my money). I mean, that was a risk, reward that was worth it. $800 to make $200 less fees, and other expenses? I don't see that.
Agreed. Also, don't forget about cash flow. If you tie up all your money in 1 risky item, you might miss out on a bunch of smaller but less risky deals.
It is all about evaluating the risk/reward, IMO.