Selling Corals for Profit $$$

[Aquattro]

Originally Posted by reefermadness

Im sure some eye brows would have been raised had I tried to sell all my wares in the classifieds.

I don't think so. They're yours, you grew them from babies and were shutting down. I would see no problem with that. Likely easier to do what you did, as selling single frags to empty a tank would take some effort!

[reefermadness]

Originally Posted by Aquattro

I don't think so. They're yours, you grew them from babies and were shutting down. I would see no problem with that. Likely easier to do what you did, as selling single frags to empty a tank would take some effort!

Well Im happy either way cause it was way to much work and in the end it was far from full tank to single frags even (like I said a crazy amount of coral). We dwiddled them down some but MJC still got the mother colonies. Hopefully they can keep them nice and growing.

[Aquattro]

Yup, it's a lot of work. I have a wait list for all my frags, as I can't sell the bases.
And, I have to dip and inspect under the scope each frag for each buyer. Not looking forward to it

[paddyob]

Originally Posted by Aquattro

Here's the deal with this. The selling of frags on the site is approved ONLY for frags you've raised and trimmed to make room in your tank. You own the colony and trim it, or you are parting with something no longer wanted.

Any poster that is verified, or close enough for my satisfaction, as selling any items for the sole intent of profit from resale, will be removed.

I'm also really annoyed at members making fake accounts to post an opinion. If you have one, post it. Don't hide. I'm reviewing and will possibly ban all IPs related to this fake ID.

Agree.

This thread almost put me to sleep. Who cares. If you sell to somebody and they resell, it's theirs to sell. Stop complaining you never asked enough.

That's life. You could ask more.

I get tired if jacked retail prices and will gladly buy from a closet shop if he has good pieces. Even if he makes a profit.

If you frag your $25 sps ten times... You just made profit.

So everybody who frags makes "profit"

If you don't like the price. Don't buy. Somebody else will.

[reefermadness]

If you frag your $25 sps ten times... You just made profit.

So everybody who frags makes "profit"

Well thats not true at all. Profit comes at the end of all expenses. If your selling frags of corals you spent years growing (ie. your a hobbyist), profit is pretty imaginary. Not only do you have ongoing costs of running a system (ie. electical, salt, GFO, carbon, RO filters etc) you have your captiol expense of equipment. And lets not even mention your time. Cause if you are keeping track of profit your time should be considered an expense.

I totally wish I could see every dollar I spent and made in this hobby. If anyone "hobbyist" could come close to breaking even or "profiting" it would be someone like me with a large system and a dizzying amount of coral. Even so I think I would be short. Especially considering my large successful tank came after 2 other failures (previous tanks).

[lastlight]

Originally Posted by Aquattro

Nobody ever does

But there are other ways. I've identified this person by something other than IP.

bad grammar or digital lisp?

[Aquattro]

Originally Posted by lastlight

bad grammar or digital lisp?

Can't tell you. You'll abuse the knowledge.

[reefwars]

Originally Posted by reefermadness

Well thats not true at all. Profit comes at the end of all expenses. If your selling frags of corals you spent years growing (ie. your a hobbyist), profit is pretty imaginary. Not only do you have ongoing costs of running a system (ie. electical, salt, GFO, carbon, RO filters etc) you have your captiol expense of equipment. And lets not even mention your time. Cause if you are keeping track of profit your time should be considered an expense.

I totally wish I could see every dollar I spent and made in this hobby. If anyone "hobbyist" could come close to breaking even or "profiting" it would be someone like me with a large system and a dizzying amount of coral. Even so I think I would be short. Especially considering my large successful tank came after 2 other failures (previous tanks).

yeah im pretty sure my montly expense on corals exceeds what i bring back in frags ten times over alot of the times , there is profit for some things but overall theres more going in then coming back out, its not so much the needing to make a buck but the not having to spend my whole paycheck time and time again to buy corals, sure cheaper corals would help but my taste is my worst enemy lol

last month i am into corals for almost $3,000 ive probably sold $200 worth of frags lol i think most months is like this and i tell myself im sure ill break even as time goes by but i dont i just keep hoarding more coral lol im not perfect so i do lose corals from time to time and sometimes its a big hit.

if it werent for the many morphs out there i probably would have stoppped long ago but theres still a ton i want and cant really afford in the grand scheme of things so fragging what i do have helps compensate for those costs.

i do try to grow all polyps that get fragged but its not always possible so i try to get some back while i can, after so long of doing this thoughi endd up with such a large amount of frags that te need to chop stuff right away dissapeared and i think this is where new people are , theres only a few types in the tank so one is left to frag what they have and more often than not to justify buying a favia at $150 they will say well maybe ill cut half and sell it and keep the other half.

in my last three orders from sponsors here on canreef i havent been charged taxes , receipts and these are household businesses, nothing wrong with that and its not a new thing but the times are a changing and people learn the ropes as they mature in their journey

darryl i agree with the aquacultured vs wild statement , seems results are much better for the stuff thats going around and raised in aquariums , i rarely buy wild fresh off the boat unless its mind blowing , i muts have bought a dozen wild darth maul colonies overe the years just to have them mely yet my one polyp aquacultured frag has grown and lasted a long time.

[reefermadness]

in my last three orders from sponsors here on canreef i havent been charged taxes , receipts and these are household businesses, nothing wrong with that and its not a new thing but the times are a changing and people learn the ropes as they mature in their journey

Out of probably half a dozen LFS I visit in the area only one charges tax. I can only assume that the rest are paying taxes that are built into the cost. I also assume that there are some questionable tax procedures for these businesses (that happens in all sectors) and even more so if its a home business. Ie. everyone loves a write off but no one likes to pay taxes.

last month i am into corals for almost $3,000 ive probably sold $200 worth of frags lol i think most months is like this and i tell myself im sure ill break even as time goes by but i dont i just keep hoarding more coral lol im not perfect so i do lose corals from time to time and sometimes its a big hit.

I remember those times. Its a lot of money and I always told my self and others that you have to be prepared to loss it all. Its a risk, addiction, maybe similar to gambling? haha

I'm a recovered coralaholic so please to make me relapse. haha

[reefwars]

Originally Posted by reefermadness

Out of probably half a dozen LFS I visit in the area only one charges tax. I can only assume that the rest are paying taxes that are built into the cost. I also assume that there are some questionable tax procedures for these businesses (that happens in all sectors) and even more so if its a home business. Ie. everyone loves a write off but no one likes to pay taxes.

I remember those times. Its a lot of money and I always told my self and others that you have to be prepared to loss it all. Its a risk, addiction, maybe similar to gambling? haha

I'm a recovered coralaholic so please to make me relapse. haha

lol yeah i cant get away from it its addictive and right now its the most fun ive had in the hobby in all the years ive done it ,the collecting..hoarding and hell im even sentimental on some pieces lol i read on RC you were shutting down and i said to myself , he will be back...and you will ;P