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.

Butch
Coastal SC

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.

Butch

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!!

Butch

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