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  1. adamhenry

    Bicycle hustling for fun and profit

    EXECUTION 
    It's probably closer to this ad: http://newjersey.craigslist.org/bik/4544659832.html So with these examples, there's a bike posted for $70, with a crummy photo, that appears to be an equivalent of some other bikes posted for sale in the $300 range. Keep in mind that the bikes in the $300...
  2. adamhenry

    Bicycle hustling for fun and profit

    EXECUTION 
    Browsing ads in your area, here is a potential flip: http://newjersey.craigslist.org/bik/4544637305.html Could be sold like this one: http://newjersey.craigslist.org/bik/4553335312.html No, the two bikes aren't exact matches, but then they're not far off. I'd say the cheap one is probably more...
  3. adamhenry

    Bicycle hustling for fun and profit

    EXECUTION 
    Here's an example of what you could probably sell it for: http://newjersey.craigslist.org/bik/4549391084.html
  4. adamhenry

    Bicycle hustling for fun and profit

    EXECUTION 
    Ignoring price for a moment, the bike itself isn't a good bike. As a rule of thumb, you want to avoid department store bikes, and instead look for bikes that would've been sold at a bike shop (I can provide a quick list of brands if helpful). On the other hand, $10 isn't a large investment. The...
  5. adamhenry

    Bicycle hustling for fun and profit

    EXECUTION 
    Thanks for the comment, vulcansx. On your bread and butter items, what kind of return are you looking for? For example, are you looking to double your money on an iPhone? Make $100?
  6. adamhenry

    Bicycle hustling for fun and profit

    EXECUTION 
    If I can help at all, let me know. I'm interested in discussing the system too, or the meta-game, or whatever you want to call it. I like the goat flipping story ( https://www.thefastlaneforum.com/community/index.php?threads/52804/). Basically what it looks like the kid did was: 1. Searched...
  7. adamhenry

    Bicycle hustling for fun and profit

    EXECUTION 
    Thank you for this comment! There's a couple of key things there - 1. It's easy to feel unqualified to write a blog, but on the other hand, with a year's experience, I am can at least provide some help to someone with no experience. 2. I can bypass the amount of experience I have, or cheat...
  8. adamhenry

    Bicycle hustling for fun and profit

    EXECUTION 
    Good point. Ryan at recraigslist.com flips appliances for a living. Then (or maybe concurrently) he started a blog about flipping on craigslist. Now, he has an online course that he sells for $150, for people interested in starting an appliance flipping business. He recently launched another...
  9. adamhenry

    Bicycle hustling for fun and profit

    EXECUTION 
    On one of my morning dog walks recently, I noticed a set of stools next to a dumpster. I made a mental note to come back for them. There were some clothes hanging over the edge of the dumpster too, which turned out to be some nice shirts in my size. These I tucked under my arm. At the next...
  10. adamhenry

    Bicycle hustling for fun and profit

    EXECUTION 
    I should explain my low value sale from last night too. The Peugeot was one of two that I had mentioned previously, so when looking back to the original purchase it goes like this: Bought two Peugeot's for $85 Sold one for $125 Sold one for $60 Net profit $100 I also didn't mind making a...
  11. adamhenry

    Bicycle hustling for fun and profit

    EXECUTION 
    Thanks Mattie! My day job is actually working in a bike shop. I recently left my $60k hotel job for the $14/hr bike shop job, as sort of a transition to doing the reselling business full time. Each day I learn more about bike repair, plus it gives me access to cheap parts - so that $100 bike...
  12. adamhenry

    Bicycle hustling for fun and profit

    EXECUTION 
    This morning, while walking the dog, I peeked in a dumpster and found: Drill and flashlight are like new, but no batteries or charger. However, turns out they match the batteries for my cordless weedwhacker, and both are tested and working fine. I just bought a similar cordless drill, so if I...
  13. adamhenry

    Bicycle hustling for fun and profit

    EXECUTION 
    Squeezed in a sale before bed last night! So an update on my progress: July 3 = Sold Peugeot bike $60 - cost $42.50, net $17.50 July 3 = Sold Sekine bike $60 - cost $40, net $20 (Sold two bikes at once for $120) From a cash flow perspective we add: July 3rd = +$120 Sold two bikes July net = +$95
  14. adamhenry

    Bicycle hustling for fun and profit

    EXECUTION 
    I think I'll track both my cash flow for the month here too, as well as the profit per sale. I'll also post my Amazon earnings from selling used books sources from thrift stores. July 2nd = +$70 Amazon payout July 3rd = -$100 bike parts purchase July net = -$25 Ok, so I need a sale. :)
  15. adamhenry

    Bicycle hustling for fun and profit

    EXECUTION 
    Trades, like "Barter Kings" are interesting too. A while ago I posted an old ten speed road bike for trade, without a price. I had purchased the bike for $70, then spent $20 on tires, so $90 initial investment. Lots of interesting offers, then got an offer of an iPad mini. Traded for the...
  16. adamhenry

    Bicycle hustling for fun and profit

    EXECUTION 
    While I do sometimes work on the bikes and add value as Turbo suggests, I generally find this happens when I've made a poor choice for a flip. While repairing a bike may be profitable in a $/hr sense, I get the most enjoyment out of buying and selling. So if a bike needs work I'd rather sell it...
  17. adamhenry

    Bicycle hustling for fun and profit

    EXECUTION 
    Listings are found on Craigslist and another online classifieds site that is big in my area. Can't say I've really failed to flip any. Don't know how many were less than $20 profit, as I lost part of my spreadsheet. However, generally they're all more than $20 profit, unless I sell a group of...
  18. adamhenry

    Bicycle hustling for fun and profit

    EXECUTION 
    Glad to hear a couple of people are interested! BTW, do I have this "progress" post in the right forum? If not, how do I move it or get it moved? #noobfail In the meantime, I'll keep going with one of my favorite flips: Saw Kona full suspension mountain bike posted for $150 "for parts". Went...
  19. adamhenry

    Bicycle hustling for fun and profit

    EXECUTION 
    Although I'm going to use this for progress starting July 1st, here's my most recent sale (6/27): I'd purchased two vintage Peugeot road bikes for $85 for the pair. Posted one of the two as-is (needed tune up and tires) for $100. Got around a dozen people inquiring, including two people...
  20. adamhenry

    Bicycle hustling for fun and profit

    EXECUTION 
    Hi folks, New to the forum. Been flipping bicycle and other items on craigslist for about a year and a half, as well as selling used books on Amazon. Both very part-time. Made $3k with bikes plus $3k with Amazon in first year. I'm sure this has been done and discussed before, but thought I...
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