On 2011-08-02, Ignoramus13162 wrote:
On 2011-08-02, Paul Drahn wrote:
On 8/1/2011 8:01 PM, Ignoramus13162 wrote:
I was wondering about something. For a while, about 10 years, I did a
little hustle on the side, which was buying and selling. (and some
minor repairs).

[ ... ]

MY advice would be to wait a while. Manufacturing in this country has
tanked again. My electronic assembly business was great through July,
but we have almost no orders for August or any time in the future. The
reason given by our customers is they have no orders for their products.
At the same time electronic part distributors are saying the ordering of
components has dried up.

[ ... ]

I am sure anyone you might sell to will be holding onto their cash,
right now. Keep watch of the level of manufacturing in the country and
when it begins to rise again, then go for the refurbished tool business.
People will buy the refurbished before any new tool. Ask me how many
times I have been there!

Paul, this is what I want to sell, used stuff, not new stuff.

He understands that -- and says that businesses are not even in
a position to buy used stuff right now.

And consider the recurring cost of the mortgage on the warehouse
you were talking about. It would likely force you to increase your
selling price from what you are currently doing.

You *might* sell to some hobby metalworkers, but not to
businesses at the moment.

So be careful,
DoN.

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