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Buy and selling giftcards HUGE business. What if you dont have the start up money

Discussion in 'General Business' started by Tony24, Dec 21, 2010.

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  1. #1
    I am looking into getting into the gift card business (Buying them and selling them). Business is going to be HUGE after christmas. Everyone is going to be selling their giftcards.But the only problem is I have about 100 bucks which would only covers advertising in local papers and printing flyers. Does anyone know of a company that would give you a small percentage of profit if you got them business. I mean people are looking to get quick cash for them right on the spot. I mean I know how to write business proposals to companies for a joint venture.. I know I can buy about 30-40 gift cards a day but you cant buy them with your looks. Respond to this post if you have a solution to ...

    Thanks in advance..
    Tony
     
    Tony24, Dec 21, 2010 IP
  2. Seqqa

    Seqqa Well-Known Member

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    #2
    Then you borrow the momey, where there's a problem (capital in your case) people have created solutions in your case a bank. I always knew people made life more complicated than it really is.
     
    Seqqa, Dec 21, 2010 IP
  3. SamFrankly84

    SamFrankly84 Member

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    #3
    My take on this would be to apply ot a few CPA companies because gift card submits are relatively common, though I have heard good things about them working in offline marketing.
     
    SamFrankly84, Dec 21, 2010 IP
  4. ablaye

    ablaye Well-Known Member

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    #4
    Use a credit card. If you don't have one, apply for one. Make sure you can pay your balance by the time the bill is due so you don't get charged interest. That'll give you free money to play with!
     
    ablaye, Dec 21, 2010 IP
  5. StephanieMojica

    StephanieMojica Peon

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    #5
    Also, if you go to school even part-time check into student loans and student credit cards. I wish I had used my student loan money much better when I was in college!

    Good luck,
    Stephanie
     
    StephanieMojica, Dec 21, 2010 IP
  6. businessman413

    businessman413 Peon

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    #6
    How do you plan on making money with this exactly? Just wondering. I have sold some giftcards in my day. And made a bit of extra cash.
     
    businessman413, Dec 21, 2010 IP
  7. usasportstraining

    usasportstraining Notable Member

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    #7
    Well, you could always sign up for zero interest credit cards with long terms, then keep moving the debt from one card to the next.

    ****IMPORTANT*****

    I would suggest that you NOT start out this way, especially in this economy. In fact, I would not even buy any products until you have a pretty good idea of how the market will be for your niche. You could test it for free by creating Hub Pages and Squidoo lenses (pages) to see if people are buying.

    The last thing you want is to buy a bunch of product, owing interest on it, that you cannot sell. I am speaking from experience.
     
    usasportstraining, Dec 21, 2010 IP