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Are these business ideas any good and would they be profitable?

I want to turn my hobby of re-selling occassional thrift/estate finds into a Sole Proprietorship/DBA business run out of my residential house. My idea is to basically find good deals online from wholesalers (the legit way - with a tax id), buy in-demand items in bulk and re-sell individually or in small "lots". Stuff like mp3 players, ipods, etc. Various present-day electronics, essentially. I am knowledgable with nearly all types of electronics due to previous jobs. I have sold on Ebay for years as an occassional hobby, so i am also very familiar with it. I know that I would need a $175 business license for my city (checked with them already) and also a tax-id in order to collect sales tax to people in my state and pay it to the state, as well as use it to buy wholesale without paying tax. I have a thermal label printer, postal scale and all of the online know-how essentially. Is this a good idea, however...would it be profitable? I just want to throw my idea out there and see if it makes sense. I know that thousands are doing it...but millions are on Ebay buying it, too. Of course, I'd want to check to see which products sell and only buy the ones that would. I have also come across various "retail returns" lots on Ebay. Stuff like $65/$15 shipping for 50+ items of all types that are unchecked retail returns that consumers have returned for a variety of reasons. Sometimes, as we all know, there may be nothing wrong with it and they may be lying because they didn't want it. Or it may be missing something minor, may have a minor issue, etc. Would it make a profit to weed out the junk, check what is good and re-sell it on Ebay to make a profit? Or is it one of those things that "seems like a good idea, but isn't"? Any advice? Also, just to add...I am an adult and work a part time job that is nearly full-time hours, however. For now, it is "a job" but will soon turn into a solid career with a promised position that will be coming up within a number of months. So I'm not looking to "get rich quick" or try to make an entire living off from working at home only...just add more income to help myself and my family out. I have a good bit of money saved for startup costs, inventory purchases, etc. I also have a good camera already and I'm quite knowledgable with photography of products for proper presentation.

Asked By: sls.spec - 12/24/2012
Best Answer - Chosen by Asker
Hi, in order to test the waters Id suggest you just start by reselling a few items as though they were your own or a relatives items. With this you'd have an idea which way you want to go :) Shaun
Answered By: Shaun Baird - 12/24/2012
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