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uchiha101
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Posts posted by uchiha101
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Wouldn't it make more sense to get a handle on emotions, impulses, and other life situations FIRST? So you don't lose money at the same time? And if that does not make sense to you, do you think you're exhibiting symptoms of an addict? And if you are exhibiting symptoms of an addict, shouldn't you seek treatment for that?
Its like those football players (NFL) who keep getting busted for weed use. Yes, plenty of people use marijuana frequently for fun and therapy, and have no problems with it. Many don't get addicted, they function normally, no big deal. But when YOU KNOW you'll lose money and your job if it don't stop and it starts costing you $$ (them millions, you much less) and you STILL won't stop, you're addicted (or insane).
And for someone who already has mental, learning, and emotional problems, with few financial prospects for the future, little education, no financial resources, ANY type of addiction can CRIPPLE you, especially one that can cost you money that you cannot afford to lose. And yes I get that you want to believe that you can control it, that you just need a few big scores to break even, maybe that you can stop whenever you want, you just choose not to. But those are all common things an addict says. Or maybe you think that it's not THAT harmful, nobody else gets hurt but you. Which might be true. And if you accept that, than fine. But if you truly want to improve your lot in life AND get better at dealing comics, you'd be better served improving literally (not figuratively) EVERY OTHER PART OF YOUR LIFE FIRST. Nothing else will change your station, not a few lucky comics scores, not an American election, not your boss offering you 5 more hours a week of work, not meeting the woman (or man) of your dreams, nothing.
You have to want a better life and a you must work five times more than the next guy, which may or may not be fair. But while you're pondering the fairness of the situation or using your limited skills and money to 'gamble' on comics, the guy next to you is studying, doing pushups, and working hard.
How many successful dealers have you talked to find out how they started? Does that even matter to you? Should it? Why or why not?
What work have you done on yourself to make yourself more hirable for a comic book store or dealer? Gotten in better shape? Practiced your sorting speed and skill? Become knowledgeable about comics that might be popular? Can you make and defend recommendations of things to buy or read? Practiced your data entry skills? Studied the price guide? Learned about the key issues for all the major characters? Are you very comfortable with customer service? If someone came in with a short box of bronze or copper comics, how long would it take you to assign a value to the box, what steps would you take?
Howabout running a small business in general? Have you improved your math, business, or excel skills? Can you do profit/loss analysis in your head? Have you improved your memory? Organization skills? Are you detail oriented?
NOTE that not everyone does any or all of these things, but they also don't want what you want (or at least claim to want, sounds like you just want to win lottery after lottery after lottery without putting in the work).
^^^ Yep to all of this above and a bag of chips. Now that you've committed to greatly reducing your comic-expenditures (both in $$ and TIME SPENT), you can focus on improving your people-skills and personal shortcomings that Revat has focused on in his questions.
I'm glad you have committed to reducing your comic-buying, that's a healthy step. Over the next half-year you will have to exhibit emotional control when the "hot deal" pops up begging you to spend triple-digit $$$ on it. DON'T DO IT.
"Hot deals" will come and go forever, there will always be another one coming down the road.
But emotional-control and improving your personal and people-skills is what you need NOW, and it's great that you're openly acknowledging it and starting to work towards it. Great.
NOW is the time to divert all that "search for a hot deal" time and energy and refocus it on YOURSELF, your own personal abilities and employer-desired skills - those that Revat pointed out to you. You can do it now.
Thanks I'll be working on that as well and many of the things that I need to improve on with comics is personal stuff so that will be two birds with one stone. I've been working on finding what I want career wise and I have no clue.
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I've read every post in Gabe's Journal. There's probably been just a handful that make me think: " .. I sincerely hope Gabe takes stock of this great, very well written, concerned advice and acts on it .. "
Revat's 1st most recent post above is one of those posts.
Gabe, please take note.
Revat makes great posts I agree and he always loads them with lots of questions too.
.. but does what Revat write really sink-in? He asks those questions to make you think about your life, decision-making and emotions. He questions you, so you hopefully question yourself.
He does make me think about things and that makes me feel uncomfortable for same reason as if I don't want to know or something.
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You're right now one is forcing me to buy and sell comics but I want t explain something that may not make sense to you. It wouldn't make sense to stop buying and selling right now because how my emotions work is as follows
1) I see a hot comic or some movie news
2) I miss out on the boat with buying a cheap copy
3) I start to get desperate and this is when my emotions kick in
4) I overpay for a comic because of my emotions
5) I keep doing the same thing because I haven't controlled them
That's why I'm following James advice about the budget because it will help me, that's what a addict says but I'm also fixing this problem and helping me in the long run.
So, in the future, when you miss out on a hot comic rising in price due to movie news you are going to let it slide and move on to the next comic before the price goes up?
Yes because if I learn to control my emotions and impulses I won't be making such huge mistakes as I am now
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Getting a handle on your emotions and impulses is not suddenly going to upgrade your business acumen.
This is not going to change your inability to barely grasp anything but the simplest aspects of flipping
This is not going to change how it appears you need your hand held virtually every step of the way.
This is not going to change how you ignore most of the good advice given you.
And it's not going to change the fact that you're just plain bad at this.
It won't upgrade my business acumen but I think you're missing the point, the majority of my losses are from my emotions and once I get a handle on it I will be in the green or very close to it that I can promise you and since you like examples I'll give you some
I wouldn't have bought or overpaid for GSX 1 $355
JLA # 1 NG $210
Bat 4 $223
Betty and Veronica 320 $470
Infinity gauntlet's 9.8 x5 and 9.6 x2 $985.60
X-men 266 9.6 graded $337.50
ASM 129 CGC 8.0 $966
Total money saved $3324.10
So when you tell me my control of emotions won't help things I have to say I disagree
I'm missing the point? Seriously?
Yes because you're not taking into account how much of a impact my emotions really have so I gave some example and since you were talking about time and money that would have been almost a 30% roi so 10% a year which is what stock investor usually aim for if not more.
Yes I have. Your emotions don't make you have a bad memory or make you lazy or make you discard expert advice.
But I'm missing the point
Maybe I'm missing it then but I'm just saying that emotions play a big part in what the result over three years has been and I do realize I have multiple issues to deal with.
the more issues you have, the more important it is to plan out your day, so you are ALWAYS doing something productive. Otherwise stuff simply will not get done. Start with that, and stick to it. Even if you need video game time, pencil that in too. BUT stick to the schedule. People have told you this before (I might have). If you don't know where to start, START WITH THIS.
I know writing lists get things done much faster because it pay attention to what's on it
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Inventory Update
Total Comics Bought $11,048.55
Total Comics sold $10,424.16
Inventory $1448
Loss $624.39
Not yet sold: 27
Comics Lost on: 28
Big Comics VS Little Comics Comparison
Little Books
Bought $2455.12+247.01+699.53=$3401.68
Sold $4007.43+1679.24=$5686.67
Losses $1079.43+637.19= $1716.62
Profit $568.37
Big Books
Bought $5329.03
Sold $2340
Losses $2989.03
Dear God - your basic book keeping skills are heart breaking. Please explain your math on the little books section. $3,401.68 bought and $5,686.67 sold but you had $1,716.62 in loss but $568.37 in profits???
This is what really matters:
Total Comics Bought $11,048.55
Total Comics sold $10,424.16
Inventory $1448
If your numbers are correct then it looks like you will be up $823.61 when you sell the rest of your inventory. This is assuming your sold number has subtracted fees and all cost to sell the books.
I'm assuming the inventory number is what he paid for it...who knows what it'll actually sell for.
I think most reasonable people would come to the conclusion that after 3 years and being in the red, that it might not be the best business for them.
But even if he gets half he will still be up compared the loss he keeps talking about. But I do agree being up a couple hundred dollars after 3 years and $11,000 in sold books is so low I'd have not thought possible.
I forgot to agree that his book keeping is odd to say the least. If everything works out for him ( and it's safe to say it won't ) he'll have invested 11K to make around $800, not to mention the time invested. I'm no investment guru, but that doesn't seem awesome to me.
No it's no and I've made a lot of mistakes but I am moving forward that's what matters.
I think your definition of moving forward and mine are slightly different.
Yes and no. I'm looking this from a physiological standpoint while you're focusing on time, money and energy spent, maybe it's because you're not me and I know much if affects what I've been doing but trust me there will be a difference when I get a handle on emotions and impulses.
Wouldn't it make more sense to get a handle on emotions, impulses, and other life situations FIRST? So you don't lose money at the same time? And if that does not make sense to you, do you think you're exhibiting symptoms of an addict? And if you are exhibiting symptoms of an addict, shouldn't you seek treatment for that?
Its like those football players (NFL) who keep getting busted for weed use. Yes, plenty of people use marijuana frequently for fun and therapy, and have no problems with it. Many don't get addicted, they function normally, no big deal. But when YOU KNOW you'll lose money and your job if it don't stop and it starts costing you $$ (them millions, you much less) and you STILL won't stop, you're addicted (or insane).
And for someone who already has mental, learning, and emotional problems, with few financial prospects for the future, little education, no financial resources, ANY type of addiction can CRIPPLE you, especially one that can cost you money that you cannot afford to lose. And yes I get that you want to believe that you can control it, that you just need a few big scores to break even, maybe that you can stop whenever you want, you just choose not to. But those are all common things an addict says. Or maybe you think that it's not THAT harmful, nobody else gets hurt but you. Which might be true. And if you accept that, than fine. But if you truly want to improve your lot in life AND get better at dealing comics, you'd be better served improving literally (not figuratively) EVERY OTHER PART OF YOUR LIFE FIRST. Nothing else will change your station, not a few lucky comics scores, not an American election, not your boss offering you 5 more hours a week of work, not meeting the woman (or man) of your dreams, nothing.
You have to want a better life and a you must work five times more than the next guy, which may or may not be fair. But while you're pondering the fairness of the situation or using your limited skills and money to 'gamble' on comics, the guy next to you is studying, doing pushups, and working hard.
How many successful dealers have you talked to find out how they started? Does that even matter to you? Should it? Why or why not?
What work have you done on yourself to make yourself more hirable for a comic book store or dealer? Gotten in better shape? Practiced your sorting speed and skill? Become knowledgeable about comics that might be popular? Can you make and defend recommendations of things to buy or read? Practiced your data entry skills? Studied the price guide? Learned about the key issues for all the major characters? Are you very comfortable with customer service? If someone came in with a short box of bronze or copper comics, how long would it take you to assign a value to the box, what steps would you take?
Howabout running a small business in general? Have you improved your math, business, or excel skills? Can you do profit/loss analysis in your head? Have you improved your memory? Organization skills? Are you detail oriented?
NOTE that not everyone does any or all of these things, but they also don't want what you want (or at least claim to want, sounds like you just want to win lottery after lottery after lottery without putting in the work).
I'll answer this later
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I've read every post in Gabe's Journal. There's probably been just a handful that make me think: " .. I sincerely hope Gabe takes stock of this great, very well written, concerned advice and acts on it .. "
Revat's 1st most recent post above is one of those posts.
Gabe, please take note.
Revat makes great posts I agree and he always loads them with lots of questions too.
-
Getting a handle on your emotions and impulses is not suddenly going to upgrade your business acumen.
This is not going to change your inability to barely grasp anything but the simplest aspects of flipping
This is not going to change how it appears you need your hand held virtually every step of the way.
This is not going to change how you ignore most of the good advice given you.
And it's not going to change the fact that you're just plain bad at this.
It won't upgrade my business acumen but I think you're missing the point, the majority of my losses are from my emotions and once I get a handle on it I will be in the green or very close to it that I can promise you and since you like examples I'll give you some
I wouldn't have bought or overpaid for GSX 1 $355
JLA # 1 NG $210
Bat 4 $223
Betty and Veronica 320 $470
Infinity gauntlet's 9.8 x5 and 9.6 x2 $985.60
X-men 266 9.6 graded $337.50
ASM 129 CGC 8.0 $966
Total money saved $3324.10
So when you tell me my control of emotions won't help things I have to say I disagree
This post is disconcerting. This sounds like you are blaming all of your bad choices on a vague concept of "emotional problems". What happens if you get a handle on these problems and still make poor business decisions?
If I do they'll be far and few in between to be honest
but no one is MAKING you buy and sell comics RIGHT NOW. why not get a handle on the emotional problems first? Wouldn't these losses exacerbate your emotional imbalance? They would for most people, and you've proven and admitted that you already have an above average level of emotional instability. Wouldn't the most logical course of action be to put ALL comic transactions on hold until more things are sorted out? HOW CAN ANYONE POSSIBLY REFUTE THAT LOGIC?
You're right now one is forcing me to buy and sell comics but I want t explain something that may not make sense to you. It wouldn't make sense to stop buying and selling right now because how my emotions work is as follows
1) I see a hot comic or some movie news
2) I miss out on the boat with buying a cheap copy
3) I start to get desperate and this is when my emotions kick in
4) I overpay for a comic because of my emotions
5) I keep doing the same thing because I haven't controlled them
That's why I'm following James advice about the budget because it will help me, that's what a addict says but I'm also fixing this problem and helping me in the long run.
-
Getting a handle on your emotions and impulses is not suddenly going to upgrade your business acumen.
This is not going to change your inability to barely grasp anything but the simplest aspects of flipping
This is not going to change how it appears you need your hand held virtually every step of the way.
This is not going to change how you ignore most of the good advice given you.
And it's not going to change the fact that you're just plain bad at this.
It won't upgrade my business acumen but I think you're missing the point, the majority of my losses are from my emotions and once I get a handle on it I will be in the green or very close to it that I can promise you and since you like examples I'll give you some
I wouldn't have bought or overpaid for GSX 1 $355
JLA # 1 NG $210
Bat 4 $223
Betty and Veronica 320 $470
Infinity gauntlet's 9.8 x5 and 9.6 x2 $985.60
X-men 266 9.6 graded $337.50
ASM 129 CGC 8.0 $966
Total money saved $3324.10
So when you tell me my control of emotions won't help things I have to say I disagree
I'm missing the point? Seriously?
Yes because you're not taking into account how much of a impact my emotions really have so I gave some example and since you were talking about time and money that would have been almost a 30% roi so 10% a year which is what stock investor usually aim for if not more.
Yes I have. Your emotions don't make you have a bad memory or make you lazy or make you discard expert advice.
But I'm missing the point
Maybe I'm missing it then but I'm just saying that emotions play a big part in what the result over three years has been and I do realize I have multiple issues to deal with.
-
Getting a handle on your emotions and impulses is not suddenly going to upgrade your business acumen.
This is not going to change your inability to barely grasp anything but the simplest aspects of flipping
This is not going to change how it appears you need your hand held virtually every step of the way.
This is not going to change how you ignore most of the good advice given you.
And it's not going to change the fact that you're just plain bad at this.
It won't upgrade my business acumen but I think you're missing the point, the majority of my losses are from my emotions and once I get a handle on it I will be in the green or very close to it that I can promise you and since you like examples I'll give you some
I wouldn't have bought or overpaid for GSX 1 $355
JLA # 1 NG $210
Bat 4 $223
Betty and Veronica 320 $470
Infinity gauntlet's 9.8 x5 and 9.6 x2 $985.60
X-men 266 9.6 graded $337.50
ASM 129 CGC 8.0 $966
Total money saved $3324.10
So when you tell me my control of emotions won't help things I have to say I disagree
This post is disconcerting. This sounds like you are blaming all of your bad choices on a vague concept of "emotional problems". What happens if you get a handle on these problems and still make poor business decisions?
If I do they'll be far and few in between to be honest
-
Getting a handle on your emotions and impulses is not suddenly going to upgrade your business acumen.
This is not going to change your inability to barely grasp anything but the simplest aspects of flipping
This is not going to change how it appears you need your hand held virtually every step of the way.
This is not going to change how you ignore most of the good advice given you.
And it's not going to change the fact that you're just plain bad at this.
It won't upgrade my business acumen but I think you're missing the point, the majority of my losses are from my emotions and once I get a handle on it I will be in the green or very close to it that I can promise you and since you like examples I'll give you some
I wouldn't have bought or overpaid for GSX 1 $355
JLA # 1 NG $210
Bat 4 $223
Betty and Veronica 320 $470
Infinity gauntlet's 9.8 x5 and 9.6 x2 $985.60
X-men 266 9.6 graded $337.50
ASM 129 CGC 8.0 $966
Total money saved $3324.10
So when you tell me my control of emotions won't help things I have to say I disagree
I'm missing the point? Seriously?
Yes because you're not taking into account how much of a impact my emotions really have so I gave some example and since you were talking about time and money that would have been almost a 30% roi so 10% a year which is what stock investor usually aim for if not more.
-
Inventory Update
Total Comics Bought $11,048.55
Total Comics sold $10,424.16
Inventory $1448
Loss $624.39
Not yet sold: 27
Comics Lost on: 28
Big Comics VS Little Comics Comparison
Little Books
Bought $2455.12+247.01+699.53=$3401.68
Sold $4007.43+1679.24=$5686.67
Losses $1079.43+637.19= $1716.62
Profit $568.37
Big Books
Bought $5329.03
Sold $2340
Losses $2989.03
Dear God - your basic book keeping skills are heart breaking. Please explain your math on the little books section. $3,401.68 bought and $5,686.67 sold but you had $1,716.62 in loss but $568.37 in profits???
This is what really matters:
Total Comics Bought $11,048.55
Total Comics sold $10,424.16
Inventory $1448
If your numbers are correct then it looks like you will be up $823.61 when you sell the rest of your inventory. This is assuming your sold number has subtracted fees and all cost to sell the books.
I'm assuming the inventory number is what he paid for it...who knows what it'll actually sell for.
I think most reasonable people would come to the conclusion that after 3 years and being in the red, that it might not be the best business for them.
The inventory is not how much I paid for it that's already calculated in how much I bought everything for and everything is starting to finally move forward.
Any idea how much the rest of your books (inventory) will sell for based on previous sales?
About 500-750
Well on the high end you have spent 3 years as an unpaid intern in your own comic book selling business and the low end you have paid a few hundred dollars for the experience.
That's true and you know what? These lessons have been worth it even if I made many mistakes and lost a bit of money on it.
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Inventory Update
Total Comics Bought $11,048.55
Total Comics sold $10,424.16
Inventory $1448
Loss $624.39
Not yet sold: 27
Comics Lost on: 28
Big Comics VS Little Comics Comparison
Little Books
Bought $2455.12+247.01+699.53=$3401.68
Sold $4007.43+1679.24=$5686.67
Losses $1079.43+637.19= $1716.62
Profit $568.37
Big Books
Bought $5329.03
Sold $2340
Losses $2989.03
Dear God - your basic book keeping skills are heart breaking. Please explain your math on the little books section. $3,401.68 bought and $5,686.67 sold but you had $1,716.62 in loss but $568.37 in profits???
This is what really matters:
Total Comics Bought $11,048.55
Total Comics sold $10,424.16
Inventory $1448
If your numbers are correct then it looks like you will be up $823.61 when you sell the rest of your inventory. This is assuming your sold number has subtracted fees and all cost to sell the books.
I'm assuming the inventory number is what he paid for it...who knows what it'll actually sell for.
I think most reasonable people would come to the conclusion that after 3 years and being in the red, that it might not be the best business for them.
But even if he gets half he will still be up compared the loss he keeps talking about. But I do agree being up a couple hundred dollars after 3 years and $11,000 in sold books is so low I'd have not thought possible.
Don't mix the big and little books and my inventory I just did that because someone asked for it. Go by the inventory list that's what you should focus on. [/quot
Are you actually telling others what THEY should focus on? That's like Stevie Wonder offering to give driving lessons.
Yes I am because people are adding the losses of both of my updates when that's all been calculated already and that's my inventory update
Taking all that into account .. you're still in the shitter .. 3 years and you haven't made a profit.
It doesn't matter that you think you're moving forward and you'll make the occasional mistake in the future .. the crux of it is: You're not making any profit.
You're right I haven't made a profit yet
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Getting a handle on your emotions and impulses is not suddenly going to upgrade your business acumen.
This is not going to change your inability to barely grasp anything but the simplest aspects of flipping
This is not going to change how it appears you need your hand held virtually every step of the way.
This is not going to change how you ignore most of the good advice given you.
And it's not going to change the fact that you're just plain bad at this.
It won't upgrade my business acumen but I think you're missing the point, the majority of my losses are from my emotions and once I get a handle on it I will be in the green or very close to it that I can promise you and since you like examples I'll give you some
I wouldn't have bought or overpaid for GSX 1 $355
JLA # 1 NG $210
Bat 4 $223
Betty and Veronica 320 $470
Infinity gauntlet's 9.8 x5 and 9.6 x2 $985.60
X-men 266 9.6 graded $337.50
ASM 129 CGC 8.0 $966
Total money saved $3324.10
So when you tell me my control of emotions won't help things I have to say I disagree
-
Inventory Update
Total Comics Bought $11,048.55
Total Comics sold $10,424.16
Inventory $1448
Loss $624.39
Not yet sold: 27
Comics Lost on: 28
Big Comics VS Little Comics Comparison
Little Books
Bought $2455.12+247.01+699.53=$3401.68
Sold $4007.43+1679.24=$5686.67
Losses $1079.43+637.19= $1716.62
Profit $568.37
Big Books
Bought $5329.03
Sold $2340
Losses $2989.03
Dear God - your basic book keeping skills are heart breaking. Please explain your math on the little books section. $3,401.68 bought and $5,686.67 sold but you had $1,716.62 in loss but $568.37 in profits???
This is what really matters:
Total Comics Bought $11,048.55
Total Comics sold $10,424.16
Inventory $1448
If your numbers are correct then it looks like you will be up $823.61 when you sell the rest of your inventory. This is assuming your sold number has subtracted fees and all cost to sell the books.
I'm assuming the inventory number is what he paid for it...who knows what it'll actually sell for.
I think most reasonable people would come to the conclusion that after 3 years and being in the red, that it might not be the best business for them.
But even if he gets half he will still be up compared the loss he keeps talking about. But I do agree being up a couple hundred dollars after 3 years and $11,000 in sold books is so low I'd have not thought possible.
Don't mix the big and little books and my inventory I just did that because someone asked for it. Go by the inventory list that's what you should focus on. [/quot
Are you actually telling others what THEY should focus on? That's like Stevie Wonder offering to give driving lessons.
Yes I am because people are adding the losses of both of my updates when that's all been calculated already and that's my inventory update
-
Inventory Update
Total Comics Bought $11,048.55
Total Comics sold $10,424.16
Inventory $1448
Loss $624.39
Not yet sold: 27
Comics Lost on: 28
Big Comics VS Little Comics Comparison
Little Books
Bought $2455.12+247.01+699.53=$3401.68
Sold $4007.43+1679.24=$5686.67
Losses $1079.43+637.19= $1716.62
Profit $568.37
Big Books
Bought $5329.03
Sold $2340
Losses $2989.03
Dear God - your basic book keeping skills are heart breaking. Please explain your math on the little books section. $3,401.68 bought and $5,686.67 sold but you had $1,716.62 in loss but $568.37 in profits???
This is what really matters:
Total Comics Bought $11,048.55
Total Comics sold $10,424.16
Inventory $1448
If your numbers are correct then it looks like you will be up $823.61 when you sell the rest of your inventory. This is assuming your sold number has subtracted fees and all cost to sell the books.
I'm assuming the inventory number is what he paid for it...who knows what it'll actually sell for.
I think most reasonable people would come to the conclusion that after 3 years and being in the red, that it might not be the best business for them.
But even if he gets half he will still be up compared the loss he keeps talking about. But I do agree being up a couple hundred dollars after 3 years and $11,000 in sold books is so low I'd have not thought possible.
I forgot to agree that his book keeping is odd to say the least. If everything works out for him ( and it's safe to say it won't ) he'll have invested 11K to make around $800, not to mention the time invested. I'm no investment guru, but that doesn't seem awesome to me.
No it's no and I've made a lot of mistakes but I am moving forward that's what matters.
I think your definition of moving forward and mine are slightly different.
Yes and no. I'm looking this from a physiological standpoint while you're focusing on time, money and energy spent, maybe it's because you're not me and I know much if affects what I've been doing but trust me there will be a difference when I get a handle on emotions and impulses.
-
I want to remind people that it's been three years yes but I'm not sure you realize how much of a impact my emotions had on what I would purchase, so now that I'm working on it the numbers will be changing but I will make a mistake every now and then
-
Inventory Update
Total Comics Bought $11,048.55
Total Comics sold $10,424.16
Inventory $1448
Loss $624.39
Not yet sold: 27
Comics Lost on: 28
Big Comics VS Little Comics Comparison
Little Books
Bought $2455.12+247.01+699.53=$3401.68
Sold $4007.43+1679.24=$5686.67
Losses $1079.43+637.19= $1716.62
Profit $568.37
Big Books
Bought $5329.03
Sold $2340
Losses $2989.03
Dear God - your basic book keeping skills are heart breaking. Please explain your math on the little books section. $3,401.68 bought and $5,686.67 sold but you had $1,716.62 in loss but $568.37 in profits???
This is what really matters:
Total Comics Bought $11,048.55
Total Comics sold $10,424.16
Inventory $1448
If your numbers are correct then it looks like you will be up $823.61 when you sell the rest of your inventory. This is assuming your sold number has subtracted fees and all cost to sell the books.
I'm assuming the inventory number is what he paid for it...who knows what it'll actually sell for.
I think most reasonable people would come to the conclusion that after 3 years and being in the red, that it might not be the best business for them.
The inventory is not how much I paid for it that's already calculated in how much I bought everything for and everything is starting to finally move forward.
Any idea how much the rest of your books (inventory) will sell for based on previous sales?
About 500-750
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Inventory Update
Total Comics Bought $11,048.55
Total Comics sold $10,424.16
Inventory $1448
Loss $624.39
Not yet sold: 27
Comics Lost on: 28
Big Comics VS Little Comics Comparison
Little Books
Bought $2455.12+247.01+699.53=$3401.68
Sold $4007.43+1679.24=$5686.67
Losses $1079.43+637.19= $1716.62
Profit $568.37
Big Books
Bought $5329.03
Sold $2340
Losses $2989.03
Dear God - your basic book keeping skills are heart breaking. Please explain your math on the little books section. $3,401.68 bought and $5,686.67 sold but you had $1,716.62 in loss but $568.37 in profits???
This is what really matters:
Total Comics Bought $11,048.55
Total Comics sold $10,424.16
Inventory $1448
If your numbers are correct then it looks like you will be up $823.61 when you sell the rest of your inventory. This is assuming your sold number has subtracted fees and all cost to sell the books.
I'm assuming the inventory number is what he paid for it...who knows what it'll actually sell for.
I think most reasonable people would come to the conclusion that after 3 years and being in the red, that it might not be the best business for them.
But even if he gets half he will still be up compared the loss he keeps talking about. But I do agree being up a couple hundred dollars after 3 years and $11,000 in sold books is so low I'd have not thought possible.
I forgot to agree that his book keeping is odd to say the least. If everything works out for him ( and it's safe to say it won't ) he'll have invested 11K to make around $800, not to mention the time invested. I'm no investment guru, but that doesn't seem awesome to me.
No it's no and I've made a lot of mistakes but I am moving forward that's what matters.
-
Inventory Update
Total Comics Bought $11,048.55
Total Comics sold $10,424.16
Inventory $1448
Loss $624.39
Not yet sold: 27
Comics Lost on: 28
Big Comics VS Little Comics Comparison
Little Books
Bought $2455.12+247.01+699.53=$3401.68
Sold $4007.43+1679.24=$5686.67
Losses $1079.43+637.19= $1716.62
Profit $568.37
Big Books
Bought $5329.03
Sold $2340
Losses $2989.03
Dear God - your basic book keeping skills are heart breaking. Please explain your math on the little books section. $3,401.68 bought and $5,686.67 sold but you had $1,716.62 in loss but $568.37 in profits???
This is what really matters:
Total Comics Bought $11,048.55
Total Comics sold $10,424.16
Inventory $1448
If your numbers are correct then it looks like you will be up $823.61 when you sell the rest of your inventory. This is assuming your sold number has subtracted fees and all cost to sell the books.
I'm assuming the inventory number is what he paid for it...who knows what it'll actually sell for.
I think most reasonable people would come to the conclusion that after 3 years and being in the red, that it might not be the best business for them.
But even if he gets half he will still be up compared the loss he keeps talking about. But I do agree being up a couple hundred dollars after 3 years and $11,000 in sold books is so low I'd have not thought possible.
Don't mix the big and little books and my inventory I just did that because someone asked for it. Go by the inventory list that's what you should focus on.
-
Inventory Update
Total Comics Bought $11,048.55
Total Comics sold $10,424.16
Inventory $1448
Loss $624.39
Not yet sold: 27
Comics Lost on: 28
Big Comics VS Little Comics Comparison
Little Books
Bought $2455.12+247.01+699.53=$3401.68
Sold $4007.43+1679.24=$5686.67
Losses $1079.43+637.19= $1716.62
Profit $568.37
Big Books
Bought $5329.03
Sold $2340
Losses $2989.03
Dear God - your basic book keeping skills are heart breaking. Please explain your math on the little books section. $3,401.68 bought and $5,686.67 sold but you had $1,716.62 in loss but $568.37 in profits???
This is what really matters:
Total Comics Bought $11,048.55
Total Comics sold $10,424.16
Inventory $1448
If your numbers are correct then it looks like you will be up $823.61 when you sell the rest of your inventory. This is assuming your sold number has subtracted fees and all cost to sell the books.
I'm assuming the inventory number is what he paid for it...who knows what it'll actually sell for.
I think most reasonable people would come to the conclusion that after 3 years and being in the red, that it might not be the best business for them.
The inventory is not how much I paid for it that's already calculated in how much I bought everything for and everything is starting to finally move forward.
-
Inventory Update
Total Comics Bought $11,048.55
Total Comics sold $10,424.16
Inventory $1448
Loss $624.39
Not yet sold: 27
Comics Lost on: 28
Big Comics VS Little Comics Comparison
Little Books
Bought $2455.12+247.01+699.53=$3401.68
Sold $4007.43+1679.24=$5686.67
Losses $1079.43+637.19= $1716.62
Profit $568.37
Big Books
Bought $5329.03
Sold $2340
Losses $2989.03
Dear God - your basic book keeping skills are heart breaking. Please explain your math on the little books section. $3,401.68 bought and $5,686.67 sold but you had $1,716.62 in loss but $568.37 in profits???
This is what really matters:
Total Comics Bought $11,048.55
Total Comics sold $10,424.16
Inventory $1448
If your numbers are correct then it looks like you will be up $823.61 when you sell the rest of your inventory. This is assuming your sold number has subtracted fees and all cost to sell the books.
I will have to recount the inventory but what the little books section is like this
Sold comics - Bought Comics + Losses = My profit
-
You should update your sig line to say "To buy a million dollar comic - and sell it for $585,000.00."
No I wouldn't do that
-
Inventory Update
Total Comics Bought $11,048.55
Total Comics sold $10,424.16
Inventory $1448
Loss $624.39
Not yet sold: 27
Comics Lost on: 28
Big Comics VS Little Comics Comparison
Little Books
Bought $2455.12+247.01+699.53=$3401.68
Sold $4007.43+1679.24=$5686.67
Losses $1079.43+637.19= $1716.62
Profit $568.37
Big Books
Bought $5329.03
Sold $2340
Losses $2989.03
-
What was your purchase price for the two?
With shipping included it cost me 12 dollars
Betty and me 16 $4.50
NYX 4 $4
Shipping $3.50
Did you do ANY due diligence on shipping? How do you expect them to ship 2 comics for $3.50 INTERNATIONALLY
.. it's going to be packed inbetween two sheets of newspaper and couriered by donkey .. expected delivery: April 2017 (if at all).
He's shipping within the states to my friend
^^^ Yep to all of this above and a bag of chips. 
My road to success (Moving Update 2)
in CGC Journals (old format)
Posted
A better job and education is something I'm working on and with the comic things I want to prove to those that don't believe I can get out of debt in comics and stay in the red forever. What I don't understand is how people can find their passions so quickly others may die and still not know. How do you find that happy balance?