Bicycle808 wrote:I'm thinking, if you flip a bike and you made money, then you did "good enough".
TBH, I don't see the appeal of flipping bikes. If you're good at it, you're just helping to inflate the prices of used bikes and bike parts. If you're not good at it, you're wasting time, money, and effort. I like to fix old bikes, so I do tend to help out friends/ co-workers who buy something stupid and cheap on CL; they cover the cost of parts, and I put it together for or with them. I'm not making money that way, but for me, it's a hobby. I have sold some parts on here, but i generally break even, take a slight loss, or come close (tough to measure if you got some use out of the part between when ya bought it and when ya sold it.)
The way I see it, the few bucks you make by swindling some guy who doesn't yet no how to tune-up an old bike isn't worth it when you consider the number of tire-kickers, nigerian money-laundering scheme-sters, psychopaths, and crooks you're liable to run into with a CL ad. A buddy of mine was selling his road bike on CL for a decent price; eventually got what he was asking, but not before he wasted hours of his weekend waiting for no-show "customers" or weird low-ballers. Worst was a guy who took it for a testride around the block, came back and said "I can only give you like $50; it needs new wheels." My buddy says he spun the wheel and it was waaaaay out of true; inspection of the nipples showed that the "customer" had loosened all the driveside spokes to make it look like the wheels were busted, so he could shoot a low-ball offer. Needless to say, my buddy told the guy to take off while he still had the legs to carry him. Long story short, I gotta ask: is this kind of thing actually worth it, for maybe $50 to $100 "profit" off of a few hours' labor?
I don't think it is, but that's just my opinion.
Heres my thing I dont make $50 to $100 off each bike, If I did my wife would be pushing me out into the garage all day every day. Im lucky if I can make 10 to 15 bucks after everything else. I mainly try selling local and have sold a ton of stuff on CL over the years. and when I set up a time for someone to come by its when im already in the shop so the only time I waste is when the persons actually there looking at the bikes. As for swindling someone by selling them a used bike Its no different then buying and selling other products. And I wont sell a bike that I wont ride myself and yes I will strip a bike for parts if the paints faded. I would say out of every 30 bikes I get in I will have 10 thats worth selling or passing on