Would it be very difficult to pay $1600 a month rent relying on only the the Goodwill bins?

[dirk12955]

It would be difficult to pay $1600.00 per month rent depending on anything.    

$1600.00 per month for what?

Store front?    Antique mall booth?    Trade show?   ebay?

[maxine*j]

Would it be hard to net $1600 a month selling stuff to half the population that the other half discarded and that Goodwill itself didn't think was worth selling on its own on-line venue?  Yes, I'd say so. 

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[pigeonpicker]

Except you can find bins items that sell for $100.

Then there's also selling cheap items by volume. 

[toysaver]

YES

The people that shop for profit at the bins likely only rely on it for a portion of their income.  It's like farming.  To be successful you need to diversify and shop everything from flea markets to church sales to garage sales and even garbage picking.

[pigeonpicker]

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@dirk12955 wrote:

It would be difficult to pay $1600.00 per month rent depending on anything.    

$1600.00 per month for what?

Store front?    Antique mall booth?    Trade show?   ebay?

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Just housing and a $300 a month huge 10x30 storage unit. To sell tons of cheap yet easy to find items. And will get lucky with some $100 finds at the bins also. 

[my-cottage-books-and-antiques]

If you have a good bin store (or more than one) near you and if you know what to look for, yes, it is probably possible. But keep in mind, Bin stores tend to have a lot of buyers , many of them resellers, many of them knowledgeable. I would also say it helps to already have experience reselling.

[pigeonpicker]

Just one very good las Vegas bins. With the same resellers in there all the time 

[maxine*j]

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@pigeonpicker wrote:

Except you can find bins items that sell for $100.

Then there's also selling cheap items by volume. 

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So, then, why ask?  You obviously think you can do it.  The last time you posted, you were homeless and living in a shelter.  You were also asking then about buying up tons of tee-shirts at Goodwill and putting them in a storage unit, if you could find a way to pay the rent on the unit. 

Evidently, things have really turned around for you, if you're now contemplating paying $1600 rent (commercial and residential), and for that I am very glad for you.  It's great to hear that your ship has come in.

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[jameshen1]

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@pigeonpicker wrote:

Except you can find bins items that sell for $100.

Then there's also selling cheap items by volume. 

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Sounds like you already have your mind made up so why ask?

[wastingtime101]

You've been hustling with the GW bins long enough to know the answer to that. How much did you net on eBay sales after expenses before your housing situation changed?

Keep in mind that you have to report income for taxes.

Keep in mind that this is post-Covid-sales-boom.

Would it be very difficult? My opinion is yes, but do-able if you're really dedicated.

Good to hear things are moving along for you, man.

[itsjustasprain]

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@jameshen1 wrote:

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@pigeonpicker wrote:

Except you can find bins items that sell for $100.

Then there's also selling cheap items by volume. 

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Sounds like you already have your mind made up so why ask?

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Not to mention that you are giving nowhere near enough detail about the rest of your situation or whatever your other living expenses are. Plus if $1600/month is just for the rent then you need to be making way more than that to pay for food and other things. Plus meeting that $1600 would only be a break even point. Your profit or ability to build a savings account would only start at that point.

Even if 100 people responded and everyone said Yes it would not change your actual situation (whatever it is) one iota. You need to decide for yourself what is most likely to work because we out here have nowhere near enough detail to make even an educated guess.

[pls-consignments]

If the $1600 is for rent only, not including all the rest of your overhead, then you would need to average at least $5000 in monthly sales just to break even. Don't know about you, but that's no hobby 😉

[wastingtime101]

Also keep in mind returns and claims will reduce what you pull in.

I remember the time you asked about whether you could ship baseball caps in a polymailer. We all said no - use a box. Then a month or two later you came back saying a buyer filed a damage claim because you shipped their baseball cap in a polymailer and the rim was damaged.

Just throwing that out there. Shortcuts will inevitably cost you to some degree.

Do the math and figure out how much you need to pull in each month to net the amount needed. Factor in all expenses.

[turnpiketreasures1]

If you're making enough money now to pay that out for rent, deduct other costs, and still make a living from it...then go for it. It's probably better than stacking your inventory inside your house or apartment. But if after deducting all that, you don't end up with enough to also stash some in savings for the bad months, then go for it. I wouldn't sign a year's lease though...the bottom could fall out of our economy any day and then where would you be.