Hey folks… I have a really great thought for you.
Get into the gold recycling business.
When you really look at it… Gold recycling is the perfect business. It has the following things going for it:
1. You don’t have to convince people to spend their money, you actually put money into their pockets.
2. Unlike products such as real estate or antiques that you have to find interested buyers in order to make your profit, you were dealing with a product that has virtually instant liquidity.
3. You are able to pay more (10%-20%) than the competition because you don’t have brick-and-mortar overhead. All while maintaining a healthy profit margin.
4. The profit margins range from 50% to 200%.
5. There is always a market for this product but there is never a more demand then when the economy is bad.
6. It has a VERY low start up cost which translates into VERY low risk.
What other types of businesses have this many things going for it?
Once you buy your gold this way, you will never pay retail again!!