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Bike Flipper Business Cards

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Bike Flipper Business Cards

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Old 11-26-09, 01:34 PM
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Bike Flipper Business Cards

Do any of you flippers have business cards? I have dealt with a number of flippers, specifically people who buy and sell used bikes from their homes, who have given me their business card. I found an old book at the Goodwill the other nite that I've been reading, "How to Sell Anything to Anybody" by Joe Girard and he strongly recommends the use of business cards and lots of them. I'm not sure I'd want to go through them like he did, but it did get me to wondering how many flippers have them.
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Old 11-26-09, 02:24 PM
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I don't know about the cards, but Joe Girard's book is excellent. I read it about 30 years ago, probably time for a refresher.
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Old 11-26-09, 03:31 PM
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Hmmmm, So I should put a picture of a bike upside down to show that I "flipped it" on a business card. OK, let me think about this.
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Old 11-26-09, 05:37 PM
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Who doe's bike flipping as a real tax paying business?
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Old 11-26-09, 06:28 PM
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I prefer to be that old guy that fixes bikes.
That way, whomever comes my way to sell or buy had to hear it from someone I probably know.

I think the business card is a good idea. One happy customer with your card + internet = exposure.

I like exposure, but the arrest is such a hassle.
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Old 11-26-09, 08:11 PM
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Originally Posted by embankmentlb View Post
Who doe's bike flipping as a real tax paying business?
I don't think wrk101 is talking about taxes he is talking liability! rather than just a guy selling a bike a business card leans toward being an actual business and therefore liability.
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Old 11-26-09, 08:24 PM
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Originally Posted by Bianchigirll View Post
I don't think wrk101 is talking about taxes he is talking liability! rather than just a guy selling a bike a business card leans toward being an actual business and therefore liability.
You can sue a business for negligence, you can equally sue an individual for negligence.
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Old 11-26-09, 08:40 PM
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No cards for me. I build a bike when the moods suits me, and keep erratic hours. Best to just pop onto CL when I have something, and leave it to others when I don't.
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Old 11-26-09, 08:55 PM
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I made some up on the computer a while back. They looked horrible, but worked very well. I got a lot of repeat business and referrals from those cards. Now that I think about it I actually might have some real cards made up now.
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Old 11-28-09, 02:45 AM
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I plan to get business cards. People are asking for them.
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Old 11-28-09, 06:53 AM
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Originally Posted by wrk101 View Post
IMHO, at that point, you really need to consider LLC and other business organization steps. I can see the benefit, as you can probably get 1000 cards or more for $10.
Originally Posted by Bianchigirll View Post
I don't think wrk101 is talking about taxes he is talking liability! rather than just a guy selling a bike a business card leans toward being an actual business and therefore liability.
If you hand out cards your considering yourself to be a buisness. At that point you better be liscensed and insured to do buisness. Once you get liscenced the tax man isnt to far away. You can can your last that if someone gets hurt on one of your flips they're going to come after.....if they think your a buisness.

My flipping has slowed down alot, there aren't many good bike right now, there're too many BIG flippers in Tampa and I've switched from entry level to mid/high end bikes. When I sell a bikes if its too small it my GF's old bike thats not ridden anymore, if its too big its my father in laws bike he deosnt ride any more if its my size its my old bike.
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Old 11-28-09, 07:38 AM
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I don't know if having business cards makes you a legitimate business. I think there is a fine line between hobbyist and business or perhaps one should call them "hobbyist cards".

Funny how that works sometimes.................when my brother-in-law was building his house he tried to get a permit for a pole building and was denied until he called it a shed. It's a big shed.
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Old 11-28-09, 08:49 AM
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Good luck telling the IRS it's just a hobby when thay call the number on you business card.
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Old 11-28-09, 08:55 AM
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The first question they will ask is "how many years have you had this hobby". The word"retro" may put on a new meaning.
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Old 11-28-09, 08:58 AM
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Old 11-28-09, 09:18 AM
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I'm not buying it. A business card does not increase your liability to customers or the IRS.

I am keeping records of expenses and revenue, and the income tax will be negligible, if anything.

I also have an LLC already for my computer consulting business, and nothing stops me from selling bikes through that business. As my accountant said, it's the bike division of Pure Gold Consulting, LLC.
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Old 11-28-09, 09:40 AM
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I am self employed. Income tax in not a negligible expense! Not to me, anyway. I also am not a bike flipper. I am more a bike hoarder.
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Old 11-28-09, 10:28 AM
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Originally Posted by noglider View Post
I'm not buying it. A business card does not increase your liability to customers or the IRS.

I am keeping records of expenses and revenue, and the income tax will be negligible, if anything.

I also have an LLC already for my computer consulting business, and nothing stops me from selling bikes through that business. As my accountant said, it's the bike division of Pure Gold Consulting, LLC.
-About point one: True. However, I would not at all be surprised if a customer might be more inclined to think you would be worth suing if you have business cards. And I am not sure how tax issues are determined, but it does strike me that could not possibly help your situation to be so blatently documenting that you consider you a business.

-About point two: Even if this income did not bump you to another bracket, wouldn't you still basically owe tax at whatever rate you currently owe? Even a modest bike flipping business could end up generating hundreds of dollars of tax then right?

Plus there is always the issue of sales tax.

I flip a few bikes and I wonder about these things. I would rather do it by the book, but it seems needlessly complicated to do so. So, I don't. I hope it never bites us back.

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Old 11-28-09, 01:08 PM
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If you are "flipping" bikes on a regular basis and doing it out of your home and you don't have liability insurance you better be really sure that the bikes are mechanically sound. It doesn't matter if it is a "hobby", you are liable for damages whether you make a profit or not.

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Old 11-28-09, 05:20 PM
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Originally Posted by thirst View Post
If you are "flipping" bikes on a regular basis and doing it out of your home and you don't have liability insurance you better be really sure that the bikes are mechanically sound. It doesn't matter if it is a "hobby", you are liable for damages whether you make a profit or not.

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That's quite true. I feel ready to take on the responsibility. I've been fixing bikes for a long time. I was a mechanic in several bike shops. The worst mistake I made was not inserting a seatpost deep enough. That was bad. I've learned from making lots of mistakes, and I feel my work is top-notch now. I'll look into insurance, as I don't even have it for my main business. It may not be prohibitively expensive.
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Old 11-29-09, 02:53 AM
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Originally Posted by noglider View Post
I'm not buying it. A business card does not increase your liability to customers or the IRS.
It sure does. It's called assumed liability. You're holding yourself out as a professional.

Originally Posted by noglider View Post
I also have an LLC already for my computer consulting business, and nothing stops me from selling bikes through that business. As my accountant said, it's the bike division of Pure Gold Consulting, LLC.
Well, not actually Tom. Call your insurance agent, you do have insurance don't you? The class code for a computer consultant, or whatever you are, is different from a retail bicycle store. If someone gets injured on one of your flips your computer business, insurance policy might not have to accept liability. Your homeowners business isn't going to pay either. Always best to check with the pros.

PS. ask your accountant if his E&O insurance is paid up. An accountant who dispenses insurance information, especially if he isn't licensed, is going to be a gold mine for a good trial attorney.
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Old 11-29-09, 06:19 AM
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Originally Posted by noglider View Post
I also have an LLC already for my computer consulting business, and nothing stops me from selling bikes through that business. As my accountant said, it's the bike division of Pure Gold Consulting, LLC.
You need a new accountant. You may be allowed to sell bikes through your existing LLC but I'd imagine your liabilty concerns are considerably different between the 2.
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Old 11-29-09, 08:00 AM
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I'm sure you guys right. I'll ask my accountant. He wasn't telling me this about liability, it was about taxes. So it's my mistake, not his. Thanks for the advice.
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Old 11-29-09, 09:09 AM
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I can understand these liability issues if the issue becomes "are you a business". Is the guy who runs 20 ads a day, everyday on CL with a common header and the guy who has 12 running pages on ebay equally at risk? A card is a bit more discreet, but I guess that does'nt matter if someone is injured or killed and he or his family decides to bring charges.

If a "good" bike is sold on ebay and shipped to the buyer dismantled, he assembles it and something fails, who is liable?
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Old 11-29-09, 10:38 AM
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+1. If you're selling anything on a regular basis, it's a business.

I didn't read this whole thread but I'll tell you on thing form early in the thread: I would not advertise myself as a "bike flipper" if I were you. The last person I want to buy a bike from his someone who advertises himself as a "flipper". That's got "rip-off artist" written all over it. You want to be in the "vintage bicycle restoration" business - not the "flipper" business, son.
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