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  1. adamhenry

    Bicycle hustling for fun and profit

    EXECUTION 
    Amazon paid out $15, so July = +$475
  2. adamhenry

    Bicycle hustling for fun and profit

    EXECUTION 
    Sold bmx for $75, so July = +$460
  3. adamhenry

    Bicycle hustling for fun and profit

    EXECUTION 
    Thinking out loud... 1. - look for ad that is a little too high - eg. Kona downhill mtn bike @ $800 2.- offer approx 60% - eg. offer $500 for $800 Kona 3. Sell for $100 more - eg. sell Kona for $600 4. Therefore $100 profit 5. Rinse and repeat Going to look for a few better examples as an...
  4. adamhenry

    Bicycle hustling for fun and profit

    EXECUTION 
    Thanks for the tip! I realized this myself yesterday, before your post. But what also occurred to me was that mentioning lowball might also indicate a negotiation - I.e. "here's my lowball offer, what's your counteroffer?", whereas just saying " this is how much I can pay" might not. So I...
  5. adamhenry

    Bicycle hustling for fun and profit

    EXECUTION 
    Well, I don't think millions on bicycles alone will happen. Definitely have to be careful with time and margins - My current plan is to try and buy less than $100, quick tune and clean up and sell for $200+. So far I haven't had trouble with tire kickers - I think this is a pricing issue - if...
  6. adamhenry

    Bicycle hustling for fun and profit

    EXECUTION 
    Sold vintage 10 Speed Apollo for $200, so July = +$385. That makes up for a couple quiet days.
  7. adamhenry

    Bicycle hustling for fun and profit

    EXECUTION 
    No $ change today exactly, but was able to trade a $40 book store gift card (wasn't using) for a $40 Starbucks card (will use).
  8. adamhenry

    Bicycle hustling for fun and profit

    EXECUTION 
    I'm thinking a lowball script could increase the percentage of positive replies vs. a "take $50?" email. What do you folks think of something like the following? "Hello! I'm very interested in your (goat/iPhone/bicycle) and would take it for sure! I'd be able to give you $x cash for it...
  9. adamhenry

    Bicycle hustling for fun and profit

    EXECUTION 
    Amazon paid out $15 today, so July = +$185
  10. adamhenry

    Bicycle hustling for fun and profit

    EXECUTION 
    So no $ change today, but I did trade the air compressor for a GT bmx and a Norco bmx. The GT bmx's are popular, so I should be able to get about $150 for it and maybe $50 for the Norco. Being conservative, I figure the trades so far went: Galaxy Gear ($100) IPhone 4 ($140) Air Compressor...
  11. adamhenry

    Bicycle hustling for fun and profit

    EXECUTION 
    Vulcansx - what's your strategy for lowballing? Do you just send a basic "take $50?" kind of an email or is there more strategy to it?
  12. adamhenry

    Bicycle hustling for fun and profit

    EXECUTION 
    Great post. I've flipped a Michael's (craft store) gift card before for good profit (forget the details), and bought a Walmart card for a good deal that we then used for groceries. I watch the gift card postings, but they don't come up too often. However, now that you mention it, I'm going to...
  13. adamhenry

    Bicycle hustling for fun and profit

    EXECUTION 
    Great post. I've flipped a Michael's (craft store) gift card before for good profit (forget the details), and bought a Walmart card for a good deal that we then used for groceries. I watch the gift card postings, but they don't come up too often. However, now that you mention it, I'm going to...
  14. adamhenry

    Bicycle hustling for fun and profit

    EXECUTION 
    Sold bike fenders for $15, so July = +$170 (and an air compressor)
  15. adamhenry

    Bicycle hustling for fun and profit

    EXECUTION 
    Ok, maybe a few minutes now to tell my latest story. So I had posted the iPhone 4S for trade, and this guy emails me that he wants to trade a Windows phone. Of course, I don't want a Windows phone, nobody does, so I asked what else he had to trade. He emails me a link to his classified ads, has...
  16. adamhenry

    Bicycle hustling for fun and profit

    EXECUTION 
    Canadian too - originally from Midland, Ontario, but now out in Victoria, BC
  17. adamhenry

    Bicycle hustling for fun and profit

    EXECUTION 
    So I'm at +$155 as of July 5
  18. adamhenry

    Bicycle hustling for fun and profit

    EXECUTION 
    Quick update, I'll elaborate more tomorrow, but tonight I traded the iPhone for an air compressor and $50 cash.
  19. adamhenry

    Bicycle hustling for fun and profit

    EXECUTION 
    You can try having things delivered to you too. My only free time where I can go pick something up by car right now is between 8:30pm and 9:30pm. In a few cases, I've been surprised that a seller is willing to deliver an item. I'm in town, so if I see something a little further out of town...
  20. adamhenry

    Bicycle hustling for fun and profit

    EXECUTION 
    As far as my progress goes, no sales today but I traded a Samsung Galaxy Gear watch for an iPhone 4S. From what I can figure, the watch was worth $100 in my area, and the iPhone conservatively $150, so at least in theory I'm up $50. Have the iPhone posted for trade so will let you know how it goes.

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