Making A Living As A Reseller- Part 2, by BIF
…the item at for resale. (This results in a 400% or higher profit target.) This is true for the more “durable” goods, such as firearms, cameras, bicycles, tools, et cetera. I was at a pawn shop recently when they bought a like-new Remington 870 shotgun from someone who walked in the door. They gave him $45 for it. A few weeks later, it was in their case for $325. Since that was more than the cost of a new one at Walmart, it stayed in the case a long time. Incentive Not To Buy Stolen Merchandise Here’s a thought about pawn shops, for those of you who mainly know about them from what you see on TV. Pawn shops have a reputation for buying stolen goods. I’m not sure about the laws in the rest of the country, but here pawn shops are required to log in whatever they buy…