Originally Posted by
russd32
Bumping this old thread with a few stats. I'm going to start doing a spreadsheet like this for every bike I flip/part. My conclusion: I'm keeping Ebay and USPS in business
Originally Posted by
Number400
My Wife began keeping detailed spreadsheets of all the bike flips I was doing. I am not so organized and did it for fun and to make a few bucks. After doing a few with her record keeping (money and time), I was always coming out ahead but some bikes (and I would take anything), just were not worth the time and effort...
for anyone who flips a fair volume of bikes spreadsheets are essential. Mine is set up with formulas, all I do is enter the number and it spits our my profit/lose per bike and as a whole
Originally Posted by
wrk101
Its one reason to move higher up the product line..
+1. It's just a mater of how high up do you want to go. The higher up the higher the risk. what do you do when you dis-assemble that vintage campy record bike only to find the BB spindle is bad, and the axle cones are shot?
Are you willing to drop $100, $500, $1,000 or even $2,000 on a flip? Are you willing to make $250 on a $2,000 bike?
Originally Posted by
gioscinelli
I don't make a living at buying and selling bikes. I enjoy the hunt, and the negotiations, not the travel distance or time. I buy to ride and sell when I find something else, so I have ridden lots and lots of bikes with lots and lots of fun and made a few buckaroos in personal flipping. Just about every purchase is my size or close, this way I can make an evaluation before keeping or selling, which not a whole lot of buying and selling
+1. Right there. It's all about the hunt for me which is exceedingly difficult in Tampa due to the 4-6 ultra hardcore flippers here.