(Continued from Part 1.)
Not Just Guns
There is a lot more for sale at gun shows than just serialized modern guns. Magazines are always good sellers. In fact, your average guy walking in to a show cannot afford to buy another gun, at any given show. But he usually wants and can afford to buy a few magazines. It is magazines that have always been my “bread and butter” sellers, at gun shows. There is also a lot of money to be made with ammunition, but that as a primary inventory should only be considered by men under age 50, with strong backs!
There is also a lot of money in optics. Those have a high profit margin, and are relatively compact and lightweight to transport and store, per dollar value. Another advantage is that they are fairly noncontroversial, and can be sold at sites such as eBay.
Books can be profitable, but it is best to mainly sell books that relate to your firearms specialty. They are heavy to lug around from show to show and tend to be slow sellers, so keep your book inventory small, and specialized. Also, one word of warning: If your main inventory consists of dirty military surplus or greasy items, then don’t sell any books. Otherwise, countless grubby fingers will end up soiling your books, making them un-sellable.
Bayonets and knives also tend to be steady sellers. Avoid selling any junky Chinese knives, or it will make your entire inventory look suspect. For liability reasons, you should prominently post a sign that reads: “No knife handling allowed by anyone under age 18!”
Selling holsters can be problematic. This is because they are sized items. This is something akin to running a shoe store–it takes a huge inventory to keep all customers happy. The inventory turn-over for modern holsters is painfully slow. So your inventory of new holsters gets toted around to dozens of shows, and ends up looking like a bunch of used holsters. One notable exception is specializing in selling antique holsters with marks from famous makers. Those sell quite well at cowboy-themed gun shows in the western states. If you want to try this, you really should get a copy of Richard Rattenbury’s outstanding reference book, Packing Iron.
Authentic Western and Native American artifacts sell quite well, especially at cowboy gun shows in the western states. But be warned: This is a very specialized market, and it takes a lot of research.
One growing market segment is 80%-complete frames and receivers. These days, you could easily fill two or three tables and have brisk sales, if you sold nothing but 80% AR lowers, 80% Glock frames, 80% SIG P320 pistol trigger group modules, along with the requisite completion parts. I’ve often thought that this would be a good biz for someone. Ideally, you’d hunt around and find a police department that is retiring one model of Glock, and make a deal to have them strip (and discard or destroy) the frames and then sell you the full parts sets. Those, combined with an 80% frame, would sell sell like hotcakes!