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When I saw the thread title I knew who posted it.
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Yep continued unnatural obsession with ffls.When I saw the thread title I knew who posted it.
Profit!Yep continued unnatural obsession with ffls.
It's been suggested many times in many threads like this one.Just a point of view but get your own FF Lic and buy and sell as you please.
Every time I see a new one I make a guess who started it, so far with 100% accuracy.It's been suggested many times in many threads like this one.
That's the idea. If you were to offer it without requiring cash in advance it would raise all kinds of follow through problems Andy raised. It would basically be like like an escrow paymentHypothetical question - SO if you, as the 'guinea pig', test this out and it works is your intention to present this to other customers so they too can deposit X amount of cash with the FFL to do the same?
Consignment sales. FFL consigns item for seller. Doesn't tie up his (or your) money to have inventory to fill their shelves. If people involved in the process aren't greedy (here is usually the rub) then the buyer could get their $200 and the shop could make some $ without putting any of their cash out. What is your % return on zero cash outlay (since this is a focus you have shared)…Here is the problem:
Seller comes in with firearm that FFL could easly sell for $500 but seller wants $200. FFL won't pay more than $100 so the seller walks.
What is a good solution:
How can the FFL salvage more of these deals without giving up any margin on money he puts at risk?
That is a great solution and I have suggested it to the FFL before. He said that it would present accounting problems that he didn't want to deal with. I suspect he also doesn't want the consignment firearms competing with his inventory.Consignment sales. FFL consigns item for seller. Doesn't tie up his (or your) money to have inventory to fill their shelves. If people involved in the process aren't greedy (here is usually the rub) then the buyer could get their $200 and the shop could make some $ without putting any of their cash out. What is your % return on zero cash outlay (since this is a focus you have shared)…
Turning over inventory at more reasonable prices brings in new customer interest. Anyone recall seeing the same ridiculously overpriced guns sitting for long time for sale at a pawn shop…that were probably purchased - strike that- "acquired" for next to nothing?
You are spot on with inventory turnover as well. I have tried to convince him of that but he is very set in his ways. Next time you are in you might notice one of the high dollar items finally sold.Consignment sales. FFL consigns item for seller. Doesn't tie up his (or your) money to have inventory to fill their shelves. If people involved in the process aren't greedy (here is usually the rub) then the buyer could get their $200 and the shop could make some $ without putting any of their cash out. What is your % return on zero cash outlay (since this is a focus you have shared)…
Turning over inventory at more reasonable prices brings in new customer interest. Anyone recall seeing the same ridiculously overpriced guns sitting for long time for sale at a pawn shop…that were probably purchased - strike that- "acquired" for next to nothing?
That is one way to look at it. I get to participate in most benefits of operating an FFL with none of the risk and hassles.It's been suggested many times in many threads like this one.
If you are affiliated with the place I believe you are, I don't go there to shop, or to supply inventory. I have done a few transfers there over the years , with a color copy of a drivers' license , out of convenience/agreement with the other party on a transaction.You are spot on with inventory turnover as well. I have tried to convince him of that but he is very set in his ways. Next time you are in you might notice one of the high dollar items finally sold.
Oh man please don't give him any more thread ideas.What if you kept the list on the internet, say, on a gun forum? You could call it WTB.