I have found consistently that when I sell my coins for a profit i am able to buy more coins and am therefor successful.
The more coin I sell for less than the purchase price seems to hurt my business and therefor i become less successful.
@joebb21 said:
I have found consistently that when I sell my coins for a profit i am able to buy more coins and am therefor successful.
The more coin I sell for less than the purchase price seems to hurt my business and therefor i become less successful.
@joebb21 said:
I have found consistently that when I sell my coins for a profit i am able to buy more coins and am therefor successful.
The more coin I sell for less than the purchase price seems to hurt my business and therefor i become less successful.
Getting rid of stale or unworthy inventory for a loss and putting that cash into great eye appealing inventory at wholesale is success.
actually not bad advice. when I started at this shop we had inventory dating back to purchases in the 70's and 80's. I made it my first task to eliminate this burden and turn it into just a few great coins. Worst thing to get rid of was old metal detectors, the shipping and not know if they worked, trying to test them, it was awful.
Comments
I have found consistently that when I sell my coins for a profit i am able to buy more coins and am therefor successful.
The more coin I sell for less than the purchase price seems to hurt my business and therefor i become less successful.
This can be summed up in that if:
Sales > cost= successful
Sales < cost= unsuccessful
Wrong!
Getting rid of stale or unworthy inventory for a loss and putting that cash into great eye appealing inventory at wholesale is success.
actually not bad advice. when I started at this shop we had inventory dating back to purchases in the 70's and 80's. I made it my first task to eliminate this burden and turn it into just a few great coins. Worst thing to get rid of was old metal detectors, the shipping and not know if they worked, trying to test them, it was awful.