uchiha101

2 minutes ago, comicdonna said:

If you really want to impress us Gabe, get a full time job and keep it.  Deal in comics on the side.

I'm done trying to impress the boardies as that's what I've been doing up until recently. This is my journal and my journey. I've already explained what I wanted to do so if you forgot just go back a few pages and read it.

26 minutes ago, Red84 said:

You have no money and no job. You should not be buying anything. This is not complicated. 

If I didn't have money I wouldn't have purchased anything. I will continue to make purchases regardless. 

You gave me an interesting idea for a game so I'll explain how it will work. I will list the total of my debt here and if by the end of the year the amount of my investment doesn't exceed the total amount of my debt I will admit to everyone here they were right. 

Recent Purchases

Poptropica hidden Islands 

1 month of GPA Analysis Paid $10.95 USD

Detective comics lot 871-881

Paid:???

Sold:???

2 hours ago, mattn792 said:

Good on you then in that regard.

Thanks 

1 hour ago, miraclemet said:

Ah so your profit came at the cost of 11 hours. So that puts you at $14.45/hour or just barely over minimum wage. 

So why not get a job with the other hours in the day if you are only putting 11 hours into your hobby/business venture? 

Oh and good on you for reporting the income. I happily stand corrected. I actually thought there was a chance you didnt meet some threshold for reporting, but had trouble converting that into maple syrup and antlers. 

Well, it's over the course of two months but now that I know that I have to add the time of everything else spent into my calculations I'll be doing better now. 

Since this is a tourist location everything is pretty much fast-paced here save the office jobs or stuff that needs to be done carefully. I still remember that job where I worked at Kelsey's as a dishwasher and it was fine for the most part except for when the head chef called everyone and discussed what would be happening, she was saying things a mile a minute and so many things at once I couldn't even keep up much less remember or do all she asked.

There were a few times that I didn't report my income not because I was trying to hide it but because I didn't know if it was significant or not to them. So as soon as I realized it I told them, we went over the income statement, corrected it and everything was good. Though it taught me that I should leave things to chance and always ask them if I'm not sure.

3 hours ago, miraclemet said:

Oh I 100% assume that the flipping income is not being reported. And (to a degree) I understand why, since it's no where close to a steady revenue stream. 

Well, then you're 100% wrong with that assumption. I have to report that income that I earn because if I didn't not only would I get in trouble for committing fraud and false information which would either have me hit with a heavy fine or jail time. I would also lose the social assistance and not be able to apply for it again.

3 hours ago, mattn792 said:

Doesn't this seem like a contradiction?  If he's avoiding a job but building a "career", wouldn't that DQ him from further social assistance?  Makes me wonder if any of that flipping income is being reported.

No making money isn't going to disqualify me from getting social assistance. I don't make that much anymore and can make 200 per month before they start taking away from my social assistance. Yes I report what I earn 

17 minutes ago, mattn792 said:

Lame.  I'll just make up my own story then.  Utilizing your avatar...I'll guess that she lives in Ukraine, TASS reported her dead, but a few days later she showed back up on Skype perfectly alive. 

Lol good story

4 hours ago, miraclemet said:

1. If you are expecting to rely on buying and selling things to make a living, then you have to have a business model that can weather the occasional down period. Some industries have natural slow periods, collectibles is not quite as predictable, so you have to always be ahead, in preparation for the possibility of having a "behind" month. 

2. You made $159 profit (or in other words your salary) in 7 hours. Im not sure how spot on your timing is (did you include time spent searching that didnt result in a purchase?) That return breaks down to a pay rate of $22/hr. Now if you spent more time than that... you're salary is less. 

3. Also remember you are picking the "cream of the crop" best ROI stuff, so if you invest more time, the ROI starts to decrease as you have to start buying less profitable stuff (since you already bought the more profitable stuff) so your rate of pay decreases with the more time you spend doing it, unless you have an infinite number of places to flip from (and granted the internet is pretty vast, but even it is finite). 

Remind me, are you not working an actual job so that you can continue to collect social assistance? (in other words if you get a job, the assistance stops)

If this is your intended career, why only spend 7 hours on it (I assume this was over a week, but maybe it was less? more?) . You also run into the problem of transport once you've gone through all of the local places for flipable items (I assume you dont have a car?), and if you are relying on picking up items online and then having them shipped (rather than local pickup) you eat into your profit, and your timeline for flipping... 

 

1. I'll be asking the reseller groups and my local LCS's when their slow months are to get an idea generally of what I should expect.

2. I didn't consider adding the time spent that didn't result in a purchase but only about 4 hours have been added to that. Since I'm using my money only I don't spend very long anymore going through things.

3. I do understand that. There are a few places that I always check up and go to. I do have a death pile of stuff that I still need to sell. would stop once I would get one.    

4. Well as I said earlier because I'm using my own funds it limits how much I can buy and sell and yes it was the period of 2 months. I don't have a car myself but if I paid my dad he would take me where I need to be. The problem is that for lower end stuff this becomes a problem because it's already thin profits as it is and paying for gas on top of the basically means it's not worth my time which is why I'm searching for items with higher profit margins. 

So I'll give you an example. When the video games market was hotter and more active if there was something on Kijii or Craiglist that I saw that I could even double or triple my money, or sell that same day I went for it. Even with the cost of paying for the ride there made it worth it. Now with the price of everything has gone up and the video game market having been slowed down and in a correction, I can't do that anymore unless it's something really profitable or that I can sell the same day.

On 1/10/2019 at 2:24 AM, slpfi27 said:

Wow, this is an interesting thread. I too recently started to buy and sell comics. My goal is similar to that of the originator of this thread. So far I have made approximately $7,000 in the past three months simply selling comics I collected as a kid, and purchasing and flipping smaller comics for a profit. I agree debt is always a bad thing to play with. I'd say your goal of having enough money to not have to worry about life is reasonable. Be confident in your vision and don't worry about the people who say you can't do it. However, much of the advice amidst the negative is correct. Stay out of debt, and play with your own money. If you have a fair amount of comics now, sell those and target your potential investment issues. Use your starting money from the comics you sell as your investment capitol. STAY OUT OF DEBT, especially now! I also agree that purchasing of comics seems to be slowing, and I believe this is systemic of something much more compounding in the market. So please be careful. Just my two cents. (What do I know?) Hope it helps. Good luck uchiha101!

As for me, i'm trying to complete my set of Peter Parker the Spectacular Spider-Man #1-263 + Annuals, Variants, and Canadian issues in CGC 9.8 WP or Better Condition. If anyone has any leads, tips or assistance they can offer i'd be grateful! 

 

Sincerely, 

Brian W (slpfi27) 

Thanks and don't worry none of the money on my credit card was used to buy comics but living expenses when my sales slowed down to almost nothing. I have been burned quite a few times buying more than I can handle and I have learned my lesson much to the disbelief of many boardies on here. The advice of using the money I've made from the sales of the comics and video games is what I'm doing while working down the previous comic book debt I have. I would say that markets of all sorts are going through a correction period and with the government shutdown many people are tightening their belts and buying what they really need. Since most of my business and sales are from the US.

On 1/9/2019 at 11:59 PM, Karl Liebl said:

Do you have any good books for sale?  Post some, maybe I can help you out? CGC slabs only...

Thank you for the offer but I don't have anything one would consider good. My only CGC slab is FF 53 CGC 3.5

On 1/9/2019 at 9:23 PM, mattn792 said:

No no no, I just tuned into this thread, and you can't throw out a cliffhanger like potential zombie girlfriend, then say "pm me".  That's just cold.

It's better that way. However, if you are interested all you need to do is pm or you're not really that curious to know what the cliffhanger is as you say you are

4 hours ago, october said:

I probably shouldn't ask, but what does this mean?

She died and came back?

If you're really that intrigued pm me and I will tell you

1 hour ago, miraclemet said:

i know i might regret asking this...

if you have a milestone of:

Get my first four figure sale

 

and you own a:

IH 180 CGC 5.0

Which is worth well over 2k in the market, why are you acruing credit debt, when you could sell the book (while simultaneously accomplishing one of your goals and milestones)?

There are two problems with that. It's a hulk 180 and I already sold it long ago. It's just that I can edit that first post anymore.

2 hours ago, W16227 said:

Everything is NOT going fine if a dry spell at the office  means you are living on a credit card for three months.....    Some people live paycheck to paycheck - for various reasons - but the responsible ones who have to pull out the card for an emergency then PAY IT BACK as they plan for these things...... 

If people are not buying - then what are you changing??? -because something is wrong...  Hulk 180s sell all the time. Heck - around 25 CGC ones sold in the last month... 

 

The thing you're talking about is in the past. I've sold my hulk 180 a long time ago and it was one of the first things I've sold. But I do know when they separated eBay into the Canadian and US one I've been getting fewer views and sales.  I've been looking into and trying different selling platforms, adding OBO's to things I wanted to sell quicker, made shipping a bit cheaper. I'm not the only one having problems with sales though. Though like I said that's in the past as most of all the big ticket items have been sold and that I'm on social assistance. 

35 minutes ago, W16227 said:

You had three months trying to support yourself with "sales" - and you had to go into debt for it. While not directly on the card, this means you were "paying" yourself with high interest DEBT and is very related to your "business" .....  This is a sure fire sign that the business is not viable for providing for you.

If you were half as dedicated to a day job as you are to your other endeavors ----  you would not be having all of these issues...  

You want to swear off something for a year - make it your comic/video/cypto dreaming.  Get a job where you can earn a consistent pay check . This is a foundation that you can THEN  add extra activities to later.....

 

Well, everything was going fine till people weren't buying at all. I've already said that I'll be working on all these problems this year well most.

1 hour ago, miraclemet said:

$159 in profit between purchase price and sale price, what's your estimated time invested in in searching Kijiji and the thrift shops and then the listings/sales and shipping?  

About 7 hours

1 hour ago, W16227 said:

-- so what is on the card????  If your debt load is as bad as you claim, you must have been piling up multiple charges.... 

 

If you used the card to pay living expenses so you could use cash for those other things --- then the card is still "financing" your  extravagances even if you have not directly used it for that purpose....  

 

 

 

 

 

There were three months while I was working for myself that no one was buying things or if they did it wasn't close to enough to pay my rent and other expenses so I used the card

1 hour ago, W16227 said:

Based on past interactions and statements, you money management and business plan  along with profit/loss calculations have not been accurate.  This is why you get questions like this. 

So since you did not answer the other questions - now do we assume.........

 

other comic buys were put on the card?

gaming expenses were put on the card?

you spent or sent money related to your GF on the card?

and a new and really scary one - did you by any cryptocurrency with the card?

 

Ok then let me answer again in a different way.

No comic purchases

No gaming expenses

No money spent on my GF

No cryptocurrency purchases

Nothing was added or purchased with my credit card

5 hours ago, W16227 said:

I would hazard the alleged comment is based on your past reveals - you sometimes forget t include all of your expenses.

Were any of these purchases on your credit card? -  that is an example of an expense that you may not be missed - weather you recognize it or not. 

What did you put on the credit card?

any of your comic buys?

any of you own gaming expenses? (in game purchases) 

anything directly related to the girlfriend?

 

 

 

 

 

 

Well, I don't see how it should even be asked when I stated all fees have been paid before writing down the profits. None of these purchases are on the credit card. 

17 hours ago, miraclemet said:

well done! Where'd you flip them from and to?  (ie Garage sales to ebay?)

Well, it's usually from Kijiji and thrift shops and where I sell them I use letgo, ebay, kijiji, and recently I've started testing out the FB marketplace. 

13 hours ago, awakeintheashes said:

Nice job on the ncaa football 14. Where did you pick it up? Good eye. 

Thrift shop

18 hours ago, comicdonna said:

I have seen people work harder to not work, putting more energy in it, than an actual job would take.  Sad. 

Each of your comments are nothing but negativity, can't you at least be happy that I'm turning things around on this end? As for everything else, whether you believe it or not is being worked on. 

18 hours ago, 1950's war comics said:

way to make a nice little profit  !!

Thanks

18 hours ago, Wall-Crawler said:

 with all the craziness of your last few posts and comments about the catfishing you think this is what we really want to know about?

Nice to see you allegedly making a bit of a profit though...

 

 

There is nothing alleged about it. I made those sales. As for my other comments and posts they'll be answered later.