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Messages - bbutler247

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Well, I hit the 1 year mark today & thought I'd check my stats & try to plan a little better year for 2014. This is what I did in 2013:

I started the year with $5000.

Purchased 24 lockers for a total of $6736.00. The average cost was $281.00 with a high of $956.00 and a low of $35.00

Total sales were $12,980.00.

Overhead was gas for my truck, purchase of a small trailer, paying a couple of youngsters to help move units and renting a 10x15 and a 10x20 storage unit to work out of & sell from. The units totalled $281.00/mo. for 9 months.

I have some cash in my pocket and roughly $3000.00 in inventory.

I still have to work on my "downline"....buying is the easy part - finding sources for customers is harder. I'd like to find a "go to" person for buying bulk used clothing as it would save me a lot of hassle and time trying to move it.

Not getting rich, but moving stuff & having fun in my retirement.

Coastal SC

Craigslist / A couple of CL questions..........
« on: February 08, 2013, 09:42:43 AM »
I haven't used CL much, but see the obvious potential as a selling venue. I would like opinions/experiences on:

1 - When is the best time/day of the week to post?
2 - I noticed that there is a "DRAFTS" tab on my account page, but when I click on it, it just says "you don't have any drafts"..........How do I compose ads & get them into the drafts section so I can load them when I want to?

Thanks, Butch

The Lounge / Re: Going to the Beach!
« on: November 12, 2012, 07:56:49 AM »
Maybe you should consider buying a good metal detector for your beach trips....replenish your gold supply. That's what I do when there is nothing else happening........with gold at $1,735.00 per ounce, it wouldn't take much to pay for your trip.


General Storage Auction Talk / Re: Business licenses, Taxes & Such
« on: November 12, 2012, 07:38:25 AM »
Thanks, tclane.........I don't worry too much about the "buying" side, as I could (and do) buy from my retirement income which is certainly available for scrutiny by the IRS. The "selling" side is where the danger lies.

Thanks again........Butch

General Storage Auction Talk / Re: Business licenses, Taxes & Such
« on: November 11, 2012, 02:27:40 PM »
Thanks for the info, folks.........Cobia: I have no aspirations to open a store or even to consider what I do a business....I also am familiar with the income tax laws & generally comply with them - albeit grudgingly. I just don't like the prospect of drawing the attention of the bloodsuckers in government. I have never considered the money I made buying and selling as being income, but as you know, the IRS has a different definition. I like dealing in cash with no paper trail, but I also know there are those out there who don't share my pleasure & I would hate to draw attention to my activities any more than necessary.....the point of my original question was to get an idea of how you folks out there now are posturing yourselves and what to look out for/avoid. Thanks again!!


General Storage Auction Talk / Business licenses, Taxes & Such
« on: November 11, 2012, 09:02:59 AM »
As one who is about to buy & sell on a full time basis - mainly to stay busy during my retirement, I have a couple of questions:

Do most/many of you who do this have business licenses/tax-exempt numbers?

How do you handle income taxes?

At what point (income amount) do you think I should become a "business"?

When I was "dabbling at it" several years ago, I didn't worry about these things as I was fully employed & considered auction buying as a hobby. Now, I still have my retirement income to sustain my family, but the extra income won't hurt a bit.  ;)

Hi All....I'm new to the forum, but not to buyin' & sellin'.......I used to be very active, but on a part-time basis as I was doing the 9-to-5 routine. I haven't been active for several years. I will retire from the grind on the 16th of November & want to get back into the "game" so to speak. Thought I'd check out the forums & do my homework to catch up on everything ....don't like surprises. I tend to buy from any availabe sources and sell the same way. Thanks for having me aboard.....Butch

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