Like I told you in AIM that night, you have a couple of big road blocks ahead of you, and it sounds like you haven't thought about either of them much since:
1. You are going to need an assload of money to be able to do this right. I'd say $100,000 if you want to clean up throughout the WCOOP. I don't think it's even worth trying to get started with less than $50k.
2. You're never going to get enough sellers to match the demand from the buyers. The people who sell are already happy selling to whoever they sell to now, so you're oging to have to beat their prices (by a good bit), which cuts WAY into your margin if you are planning on selling cheaper too.
Related to that, where are you going to find new sellers? Where are going to advertise? SPAM won't get you far (at all), and legit advertising is going to cost you a fortune.
There is definitely a lot of money to be made in this market, which is why I almost set this all up a couple of years ago... but it's going to take a LOT of time and hard work as well. It sounds to me like you've fallen in love with the idea of this business, but I don't think you have a solid business plan. Not solid enough that I'd be willing to invest with you, anyway.
GL.
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04-29-06, 01:09 AM
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