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My story of Chattel......
Well not mine but my grandfathers.
If my grandfathers story makes you tired, just keep reading until the end,
I guarantee there is valuable info in the post.
My gramps is now about 80 and has been chatteling his whole life.
He started by going to auctions to fill his passion and SKILL.
Buying low and selling high is obviously the key.
Nio diff than palying the stock market really.
I have seen him go to a sale in his bib overhauls with a beat up brief case that contained $30,000 CASH!
What he would buy are things that he already had buyers for.
He owned a tavern in a small town and KNEW WHAT PEOPLE WANTED!
If he saw it at a sale, he would buy it low and sell it high.
You see Chatteling is no diff. than any other business.
Know what buyers want and deliver it to them at a fair price and you will be in business for a very long time (My gramps is almost 80 and has several people that still come to him that are looking for something particular almost 60 years later!)
If he sees it he
BUYS IT FOR PENNIES AND SELLS IT FOR DOLLARS!
Simple stuff really!
The key is to KNOW WHAT PEOPLE WANT!
I was about 15 when my gramps took me into his garage filled with
inventory ( I called it S*&t the time) and pointed at a gas can and said....
I paid a quarter for that, I'll bet I could get $5.00 at an swap meet for it!
At the time, I knew everything, but didn't we all at 15?
I dismissed it as a "who cares" story.
Now that I am older and have come to terms with the fact that I am not quit as smart as I once thought, I asked him about that gas can.
He told me the name of the person he sold it to and for how much....
$4.00 to ( the guy whos name escapes me)
WAIT that is an 800% profit.
Did you hear that 800%, I know for a fact that no retailer can even touch that and that is not taking into account their over head, my Ol' gramps has very little.
Buyimg and selling is all about.....
KNOWING WHAT PEOPLE WANT AND ARE WILLING TO SPEND.
Sellers are easy to find for reasons that Gordon has pointed out in previous posts.
If you want to make money in Chattel, know what the buyers want and deliver!!!!!!!!
The following may be thought of as Chattel for the rich folk.
"How to make $70 grand in 10 minutes Chatteling"
I work with a guy who is a Mopar freak and goes to all of the big shows in the mid west.
There is one in Ohio someplace that was about a month or 2 ago that he went to (gordon you may know when and where????)
My friend that has an in with a wealthy guy in Minessoto who buys old Hemi Cudas for about $80K and Pays another of my friends buddys another $80K to restore them to original making it worth $250-$500K to the right buyer.
Anywho, this guy from Minestota bought a car at the show for $20K from someone and turned around and sold it 10 minutes later for $90K
It is true (even though I don't get it as i would rather have a new exotic sports car for that kind of dough) and yet another testimonial for the profits avail. to those that are aware of what buyers are looking for.
Give chatteling a try,
Have you found another way to turn an 800% profit?
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