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  1. adamhenry

    Bicycle hustling for fun and profit

    EXECUTION 
    OK so here's a quick summary for the last couple days. My day job at the bike shop seems to be drying up, so wasn't at work the last two days (and won't be today either). So I had to hustle! Reminder - at my regular day job I make $14/hr x 8 hours = $112. Sept. 3: Sold Kona Zing +$50 Sold...
  2. adamhenry

    Bicycle hustling for fun and profit

    EXECUTION 
    Summary for September 2nd: Wasn't as exciting as I thought - had hoped to sell the Zing @ $600. One guy showed, said he was putting it at the top of his list but wasn't ready to commit. Second person changed their mind before coming, due to the size of the bike, have a third potential party...
  3. adamhenry

    Bicycle hustling for fun and profit

    EXECUTION 
    Goal is extraction from my 9-5, in order to be able to work on something else. Basically being able to resell items on craigslist is the fastest way for me to sever the hour/$ link. While the thread is titled "bicycle hustling", there are of course limits to $/hour - bicycles only go up to a...
  4. adamhenry

    Bicycle hustling for fun and profit

    EXECUTION 
    OK so I said I'd get back on track with reporting my progress for September. Also going to report net income and inventory I think, rather than cash flow. September 1: Sold a bicycle helmet for $10. Came with a bike I bought, so I'm counting my cost as $0. In inventory, I've got a 2007 Kona...
  5. adamhenry

    Bicycle hustling for fun and profit

    EXECUTION 
    Yes, I think I'll definitely get to cars, once my bankroll is big enough. I used to buy and sell cheap cars quite frequently, though not for profit - I'd buy a $500 car, drive it for six months, then sell it for $500 and buy another. Cars are a bit of a pain, because of taxes, fees, etc...
  6. adamhenry

    Bicycle hustling for fun and profit

    EXECUTION 
    How to make $50 with a cellphone photo: His ad: My ad: His was listed at $200. No buyers, so I convinced him to deliver it to me for $150. I wiped off one side of the bike, took the shot with my cellphone, relisted the bike for $200 and sold it within 12 hours. So my time involvement was...
  7. adamhenry

    Bicycle hustling for fun and profit

    EXECUTION 
    Paid $125, Sold $365. Net profit $240.
  8. adamhenry

    Bicycle hustling for fun and profit

    EXECUTION 
    Was listed at $70, I bought at $50. Needed work so I relisted "as is" at $100. Sold for $100 and doubled my money.
  9. adamhenry

    Bicycle hustling for fun and profit

    EXECUTION 
    Thanks ZCP. I'll have another go at it.
  10. adamhenry

    Bicycle hustling for fun and profit

    EXECUTION 
    Yep. Amazon.ca. I use my smartphone to scan book barcodes in thrift shops, buy anything under 500k in rank and over $25 in lowest used price. Textbooks are often low rank and worth $50-$100 a piece.
  11. adamhenry

    Bicycle hustling for fun and profit

    EXECUTION 
    Sold! Less than 24 hour turnaround. Previous owner had originally listed it for $225, then later had dropped it to $180. I offered $110, and we settled on $120. I listed and resold it within 24 hours for $200, no dicker. $80 net profit.
  12. adamhenry

    Bicycle hustling for fun and profit

    EXECUTION 
    No, didn't know! Figured it could sort of be applied to varied products. Goal is to build up to larger ticket items, so maybe I'll get to real estate.
  13. adamhenry

    Bicycle hustling for fun and profit

    EXECUTION 
    Still been flipping, just haven't got around to updating this thread, so maybe I'll get back on track in September. I don't think I'll do the ebook/course thing at the moment - I realized what I need to do is focus on flipping at the moment without getting carried away with too many side...
  14. adamhenry

    Bicycle hustling for fun and profit

    EXECUTION 
    Back in the game, sold a bike for $100. Will try to put together progress numbers soon.
  15. adamhenry

    Bicycle hustling for fun and profit

    EXECUTION 
    Haven't got around to updating my figures for August, but mostly I took a hiatus from bicycle flipping to reevaluate, and also spent some time accumulating, packing and shipping some books for Amazon, as I hadn't done so since May - I'll update my costs for the books sometime soon. Wanted to...
  16. adamhenry

    My many attempts at flipping items on Craigslist

    MARKETING 
    Ha. Yeah, I've been offered weed too. Basically it's a matter of figuring out how to minimize how often they happen. I pick and choose who I sell to based on their emails, and just try to read between the lines as to if someone is just going to hand over a wad of cash or whether they're going to...
  17. adamhenry

    My many attempts at flipping items on Craigslist

    MARKETING 
    Initially this is irritating, after lots of Craigslist transactions, it's easy to ignore. I price my items so that I get a bunch of responses, and just do the deal with the guy that says "I'll take it", and ignore all the crappy ones.
  18. adamhenry

    How I turned $20 into $8,500+ in 2 months

    WEB/DIGITAL 
    There's a couple amazon seller groups and other Craigslist flippers I follow on Facebook and YouTube. The interesting part is that what is often profitable, is not what you'd expect. For example, some people pick up packages of adult diapers at thrift stores and resell online, likewise old out...
  19. adamhenry

    My many attempts at flipping items on Craigslist

    MARKETING 
    Here's another way to test - choose item, eg. Lawnmowers. Get RSS feed of ads emailed to you - set up so each ad posted shows up as individual email. Then watch the emails roll in and keep your eyes open for what looks like a good deal. When you see a good deal, keep checking the ad to see when...
  20. adamhenry

    Bicycle hustling for fun and profit

    EXECUTION 
    Yes, it's amazing what people give away. The top searches on usedvictoria each month are often "IKEA", "dresser" and "desk" so while there's lots given away for free, it is also paradoxically in high demand. My mother in law has started doing quite well by repainting free furniture. Might look...

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