Showing posts with label home business. Show all posts
Showing posts with label home business. Show all posts

Thursday, December 9, 2010

Way to make money

Get a sculpy kit. or clay modeling kit. Then make a model of a very rare one of a kind item by getting pictures of it or measurements to make an accurate reproduction. Then with the clay model make a plaster or silicon mold and make fill it with epoxy. Then later you can make a bronze copy or any material you want with the master copy.

Sell this one of a kind item on ebay to collectors or enthusiasts.

This is very low start up or overhead cost. Low risk, high reward business opportunity that maybe can even be scalable if you kept making copies with the master copy and selling one at a time on ebay being the only seller of the item. While also making more one of a kind copies of rare items.

Saturday, September 12, 2009

Comic Biz

I was rethinking my plan at being a comic dealer and making it more of a system. My plan now is that if I get Nov. 7th off then I'm going to buy a booth and sell stuff there no matter what. Then my system for buying comics will be mostly to fill in holes in the collection to have the most selection around at 66% off all the time on the common issues and then retail price on the good #'s and high grade issues, this is how the pros do it and so should I. Also I should eventually someday have more than one of each issue for more than one buyer of that issue and more than one condition and also different comic series for even better selection in the future. Then as they sell just refill the gaps. I may buy comics in bulk but only if they're a very good deal or they're all one good series of comics like spider man or batman. But a good thing about buying in bulk is that you happen upon really good issues every once in a while that you can hold onto for your own personal high quality collection, and have all of the cheap issues pay for the one of a kind issues. Then maybe in old age sell one comic off a week as retirement pension from the comic dealer job.

All I know is that a comic store I used to go to would always write down every comic that was sold so that they'd know which ones to buy to restock their inventory. The good thing is that I already have most of the holes filled, and even then you don't need to have every comic including spider man # 1. So I guess just be well stocked but don't buy too much of something that never sells. Only buy what sells I guess. But even if I don't make money off of the comics, I'll at least be collecting very rare issues for my own collection, to sell in my retirement for about 100$/week. Rare gems may be the best investment because they would always have intrinsic value when comics have perceived value. But I still think that original comics will never go down in value because they're hard to reproduce or forge. They get lost in fires and floods so only become more rare. And people will always like super heroes no matter what they do to the character. As in the many reincarnations of the robin and batman characters.

By the way I just won another auction that had a coverless batman #8 in the lot because the lot wasn't titled or described right, so I had to ask questions. But I paid less for that comic and all of the 10 others in the lot that even the one batman comic is worth. So I might put it up on ebay as buy it now and wait for it to sell or keep it until the convention and sell it at retail there. It's rare enough that it would sell at retail price eventually. But now I might be done buying for the month and will just sell until next month. I'll definitely have fun reading the stuff I got though. This has to be the most fun job in the world if I can make it profitable. Sort of in the ball park of professional food taster.

And hauling the collection around to conventions shouldn't be too difficult as long as I have a dolly and boxes and remain organized. And it's fun doing all of the math and figures.

Sunday, April 5, 2009

Reasons to buy a house

  1. Rent it out for 100$ less than the mortgage payment and in a year you can raise it as it appreciates. But the 100$/mo you pay out of pocket will be worth any built up equity.
  2. There is always demand for rental property, and if you are 100$ less/mo than the competition, then they will always come to you first and you can choose who you rent to.
  3. Fix it up to flip it if you have left over monthly income you can fix it up while living in it. Mostly you just want a house that could just use a good updating and TLC and is in a up and coming good neighborhood, next to a hospital or something. And if you can't sell the house to flip it then just rent it out and wait.
  4. If you buy a house in your 20's and somehow never miss a payment over 20 years because you have a secure income, then the appreciation from when you first bought it to 20 years later will be huge. Also rich neighborhoods only turn into richer neighborhoods over time if you're lucky enough to get there before they're a rich neighborhood. Buy multiple houses with the equity from the first, all in different neighborhoods then rent them out, and one is bound to be in a rich neighborhood sooner or later.
  5. May just live in the house in the end anyway.
  6. Best to start early in the rental business because you will have more profit on the rental price ever year as rental rates go up but your monthly mortgage payment stays the same.
  7. $500 per month on a $50,000 house is 12% per year return on investment.
  8. I like money more than people now anyway. Think up any evil thing and people have done it, but money buys stuff that can make you happy.
  9. They're monetizing the debt which means that it is an absolute certainty that house prices will rise. And as inflation sets in, your mortgage will stay the same price which means you can rent it out cheaply in a year and still make a profit. And because of leverage you will have more equity on money you never spent. Gold has no leverage, so it's not as good of a hedge against inflation.
Reasons to not buy a house:
  1. Hidden structural flaws that you find out about after buying the house, when you open up the walls.
  2. Won't be able to sell the house in this economy(just rent it out)
  3. Will be foreclosed upon if you loose your job.
  4. Perpetually have to buy stuff for the house.
  5. Tenants ruin the house and you can't get the money out of them for repairs.
Here's a good landlord video.