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Buying to resell

Moms View Message Board: General Discussion: Archive October 2006: Buying to resell
By Pandamamaoo4 on Sunday, October 22, 2006 - 10:31 am:

Has any one done this before and how do you do it?? We are THINKING of buying a couple of laptops then turning around and selling them to make a profit.. Does this work?? Is it worth the hassle??

By Colette on Sunday, October 22, 2006 - 11:08 am:

It does work, we do it, but it's only worth it if you really know computers and can buy either wholesale lots or from companies that are going out of business. You need to have a good amount of cash up front to buy lots and then you will have to sift through the lot because some of it will be junk.

I don't think it would be worth your while to buy some on sale and then try and sell it full price.

By Colette on Sunday, October 22, 2006 - 11:10 am:

Also, keep in mind, you are required to pay taxes on what you sell.


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