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Discussion Board - Re: Starting a small Used Equipment Business

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Author  [Modern View]

08-20-2012 00:26:21

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It sounds to me like you are already doing it, buying, fixing, and selling. Best way I see is to just keep doing it, a few pieces and then a few more at a time. Worst way I see is going all in all at once on someone elses money. Then it gets to a point you have to do volume to meet payments. Id be careful with consignments, you get all the headaches, bill backs, and unhappy customers for a relatively low profit. I know several places here that do just that business, and more than one that"s folded the past few years. It takes money to make money, but using someone elses can cost you everything.

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Larry NEIL

08-20-2012 13:05:37

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 Re: Starting a small Used Equipment Business in reply to kyhayman, 08-20-2012 00:26:21  
I would do both...and then some! Spent most of my adult life self employed and you just have to remember that you are in the money makin" business, just the same as the local drugstore or grocery business.
Consignments can be a tad touchy, just KNOW what you are doing and always protect yourself.
A feller told me one time; "The trouble with not knowin" what yer doin is that you never know when yer done!"
If you really like what you are doing, then you are inclined to be good at it. The reward of being good is that the money will follow.
Good luck.....
Larry NEIL

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