Sure bet you wish you had found a better way of trying to make money now aren't you.
Kevin
Kevin
Present day cue flippers.
- Thread starter Kevin Lindstrom
- Start date
Well I think if you have the right items For Sale, you could make money, but even some of the right things like Samboti's, and Southwests are not flying off the Wanted & For Sales Section with SOLD on them in 30 minutes or less.
I don't flip cues but guys who do, do a service like anyone else. They lay out their money on a new cue from a bunch of CMs and then try to sell for a profit.
If your interested in a certain cue from a CM that you don't want to wait on then you go to a flipper.They are the ones taking chances with money being tied up in wood. No one forces you to buy a cue from them. It's capitalism at its purest form. So i see no problem with someone doing this service business.
There have been a lot of knocks of flippers but obviously there is a demand for them.
If your interested in a certain cue from a CM that you don't want to wait on then you go to a flipper.They are the ones taking chances with money being tied up in wood. No one forces you to buy a cue from them. It's capitalism at its purest form. So i see no problem with someone doing this service business.
There have been a lot of knocks of flippers but obviously there is a demand for them.
Not sure if the OP was knocking flippers or what but IMHO.
I don't flip cues but guys who do, do a service like anyone else. They lay out their money on a new cue from a bunch of CMs and then try to sell for a profit.
If your interested in a certain cue from a CM that you don't want to wait on then you go to a flipper.They are the ones taking chances with money being tied up in wood. No one forces you to buy a cue from them. It's capitalism at its purest form. So i see no problem with someone doing this service business.
There have been a lot of knocks of flippers but obviously there is a demand for them.
I don't flip cues but guys who do, do a service like anyone else. They lay out their money on a new cue from a bunch of CMs and then try to sell for a profit.
If your interested in a certain cue from a CM that you don't want to wait on then you go to a flipper.They are the ones taking chances with money being tied up in wood. No one forces you to buy a cue from them. It's capitalism at its purest form. So i see no problem with someone doing this service business.
There have been a lot of knocks of flippers but obviously there is a demand for them.
Bob
These type of sellers you describe are not what I consider flippers.
I view a flipper as someone who buys a used cue and then tries to resell it quickly for a profit. Similar to the house flippers, they usually buy a used house, fix it up a little then flip it.
Kevin
Kevin,
Two things come to mind. "There's a sucker born every minute" and my favorite, "No one ever lost a buck underestimating the intelligence of the American public!".
Not sure either description fits the "flipper" mold. But most get rich quick schemes usually need one of the above. If not both.
Lyn
I agree with your statements.
Kevin
Kevin
You forgot "A fool and their money are soon parted".
Flippers help the cuemakers. It is a vicious circle. They order a cue that may not have been ordered if they didn't exist. This now starts to cause a backup and creates a waiting list. Gives the CM a steady source of income. As the list gets longer the price goes up on the resale market. Creates a lot of hype or buzz. Others start to get on the list because there must be something that everyone seems to want. As the list gets longer some people don't want to wait so they pay a premium.
Now that the player has the cue and paid a premium he wants to protect his "investment" so he does not say anything to negative about the cue even though there is nothing special about it. He will praise the hell out of it and then may also sell it to get rid of it and recover his loss and hopefully a little profit. This continues until it reaches the point where the interest falls off because the price has reached the point of no return on the investment. So now the flipper may sell at a loss to get cut his loss because he really doesn't want the cue and needs the money.
Now that the market seems to be falling the flipper may not buy a cue when his name comes up but by that time the list is so long it doesn't matter because other buyers will buy the cue because they waited so long. Eventually the CM will close the list because he may decide he wants to retire Now the cue becomes the item again because of that announcement.
Now that the player has the cue and paid a premium he wants to protect his "investment" so he does not say anything to negative about the cue even though there is nothing special about it. He will praise the hell out of it and then may also sell it to get rid of it and recover his loss and hopefully a little profit. This continues until it reaches the point where the interest falls off because the price has reached the point of no return on the investment. So now the flipper may sell at a loss to get cut his loss because he really doesn't want the cue and needs the money.
Now that the market seems to be falling the flipper may not buy a cue when his name comes up but by that time the list is so long it doesn't matter because other buyers will buy the cue because they waited so long. Eventually the CM will close the list because he may decide he wants to retire Now the cue becomes the item again because of that announcement.
You forgot the part where the cuemaker forgets all the little people that made his cues desireable in the first place and sells only to the A-listers.
JV (---- I thought this was an important part....
You forgot the part where the cuemaker forgets all the little people that made his cues desireable in the first place and sells only to the A-listers.
JV (---- I thought this was an important part....
Joe,
Kind of like one of my brokers. Calls me all the time to make purchases or revisions to my portfolio. When Yahoo and Google had their IPO's, he couldn't get a single share for me. Only the guys with multi-millions got them. Still wants me to buy though!
Lyn
A man I use to work for several years ago explained it like this: Half of selling is buying. If you buy right you can sell right and it doesn't matter whether its cues, cars, Rolex, or houses. People who bought a bunch of cues and houses 5 years ago are hurting. However, right now is the time to be buying not selling. But, you have to be selective with both cues and houses.
Back in the 1980's people who bought loans and real estate from banks (RTC) made a fortune. I know of people who would buy a default loan for 10 cent on the dollar. Call the borrower up and agree to settle for 75 cents on the dollar. They would turn 1000's of percent profit in a matter of days or weeks. If they could not settle or restructure, they would repo/foreclose on the collateral and make thier money that way. However, there were plenty of real estate projects that were bulldozed down in the 1980's. Again, you have to be very selective.
I think the same thing is true today in cues. If you are selective and patient, I believe you can find some real nice value that may prove to be very good investments in the future.
Steven
Back in the 1980's people who bought loans and real estate from banks (RTC) made a fortune. I know of people who would buy a default loan for 10 cent on the dollar. Call the borrower up and agree to settle for 75 cents on the dollar. They would turn 1000's of percent profit in a matter of days or weeks. If they could not settle or restructure, they would repo/foreclose on the collateral and make thier money that way. However, there were plenty of real estate projects that were bulldozed down in the 1980's. Again, you have to be very selective.
I think the same thing is true today in cues. If you are selective and patient, I believe you can find some real nice value that may prove to be very good investments in the future.
Steven
You and Joe hit it. The little guy always gets left out and ends up making the wealthy richer.
Flipping
Only flipping I ever do is with a fishing pole. Not a collector or flipper, just a player. But with the economy as it is, isn't it a great time for buyers of used cues? What about having a custom cue made right now? Have the cue makers come off their prices because of the economy?
Only flipping I ever do is with a fishing pole. Not a collector or flipper, just a player. But with the economy as it is, isn't it a great time for buyers of used cues? What about having a custom cue made right now? Have the cue makers come off their prices because of the economy?
Not the better ones.
Flipping for fish is boring even though you can catch the big ones.
Hmmm
I think they are still making money...because now they are buying a lot of cues at a good discount right now, and will sell them later at a nice profit when the economy improves. Just like a lot of real estate investors are doing right now, getting forclosed properties cheap and sell them later. Buy low, sell high, somebody has to do it....good for them.....they take the risk,and thus deserves the rewards as well.
I think they are still making money...because now they are buying a lot of cues at a good discount right now, and will sell them later at a nice profit when the economy improves. Just like a lot of real estate investors are doing right now, getting forclosed properties cheap and sell them later. Buy low, sell high, somebody has to do it....good for them.....they take the risk,and thus deserves the rewards as well.
It hasn't been that long ago when you could buy a nice cue and at the very least get your money back if you decided to sell it, but normally you could make a dollar or to. Things have changed since the economy has slowed down with cue buying and selling......Oh for the good old days.
James