Starting a RS07 Coin Shop Worth It?

Hey guys, I was just wondering if anyone has attempted to start a gold shop/ is thinking about starting one up. Do you guys think it's worth it or no?

I watched a ton of videos online about the profits that people who RWT make, and it seems to reap many benefits.

Let me know what you guys think below.

 

There's a lot of competition.
Your margins will be very small at first.
Takes plenty of time/effort to run a goldsite properly.
There's the risk of fraud/loss.

Sure it's possible/profitable, but it's not easy money.

 

You got to have $$$$ to start, a website would help alot and a business plan ofcourse.
I havent tried myself nor have any intention but I think people might underestimate how hard it is.
Already looking at the market there are tons and tons of Trusted gold sellers already established.
You would also need to have suppliers ofcourse but then again, there are already many trusted goldshops so also that would be hard I think.