Starting a gold store and gold buying store

Okay so from my recent queries and such in this forum you can probably guess that I'm interested in starting a gold store. My question is what are the requirements for opening a store? Startup cash? Etc.

Any other tips are greatly appreciated.

 

As much cash as you want, depending on how much stock you want to have. Try get some good graphics, also try to avoid PayPal

 

I know to avoid Paypal at all costs apart from buying from others. How much should I invest though as a test run?

 

Start small, grow. Prices can fluctuate a lot so don't go over your mind.

 

Do you think maybe buying 500m at about .35/M would be a good idea?

 

Honestly, I personally think it's what you feel you should start with. I mean starting big will be easier but it's quite risky. Starting small is very hard but can be very rewarding in the end.

 

Also, I would try get big on Sythe first market wise. Then bring all your customers over to your website.

 

I Suggest going at 0.45-0.50 0.35 is really Cheap

 

That's for him buying it lol he won't want to pay even more for his gold

 

Start buying at .3/M, not higher. I'd even suggest .28/M.

 

Yeah 0.25-0.3$/M Will be good

 

Thank you! I'm going to wait until the update comes out and see if the prices fluctuate first however then I'll decide if I can do this.

Requesting lock.

 

People who are mentioning buying at under .4 are leading you on to be honest, no one in there right mind would sell to some new person at price the big boys on sythe buy at which is around the low side of .3, I'd suggest trying to buy around .4 mark and maybe just building rep first and cutting even just to build your rep up on this forum, which is how I started out. hope that helps

 

Well start building up your rep on sythe first.

And when you can, aim for a donation to sythe.

 

I think it'd be hard for a newcomer to get those kinds of prices. They're usually the ones paying "retail". From what I've read, starting out your goal should be to just break even. Your profit will come after your reputation has been built up a little bit.

 

If people can't trust me then that's their problem, unfortunately. I've been here before and donated with that but I'm here to start afresh. Thanks for the advice nonetheless!

 

Just curious, if you have another sythe account that you've donated with, why not use that account then? it must have a better standing than this account at the moment. but best of luck anyways