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Old 19-02-2006, 03:35 AM   #1 (permalink)
rlightsey
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Default Unsecured Personal Loan

I've decided I want to take out a loan to start buying wholesale and selling on ebay. Does anyone know of a good website to get a personal loan.

Thanks,
Russ

Last edited by rlightsey; 19-02-2006 at 03:48 AM..
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Old 19-02-2006, 03:40 AM   #2 (permalink)
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Russ,

Before you do that, find some good suppliers and develop some relationships with them by talking to them for a while.

Ebay is a very difficult medium in which to make profits - you are competing with the entire world, and many of your competitors will be the ones supplying you. If you rush into this too quickly, you can lose all of your money and have to repay the loans.

I'm not trying to discourage you at all - this can be a great business - just take it slow. Read this forum thoroughly as it is the best of its kind on the internet. It will teach you much.

Good luck
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Old 19-02-2006, 03:58 AM   #3 (permalink)
diablo audio
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I'd probably go talk to your bank about getting a loan.

Also, be careful as Billy has mentioned .
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Old 19-02-2006, 05:34 AM   #4 (permalink)
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yeh be really careful, one step at a time, make sure you have a good relationship with your supplier!
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Old 19-02-2006, 07:30 AM   #5 (permalink)
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Another option is using credit cards then switch the balance to another card that gives you say 6/9 months free interest on balance transfers continue doing that until you are in the position to pay them off comfortably at the end of the month.

Make sure you have researched ALL the costs thoroughly and have a good idea of how much you are going to bring in. Smart with small orders and build up.
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Old 19-02-2006, 07:31 AM   #6 (permalink)
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Quote:
Originally Posted by nocturnal
Another option is using credit cards then switch the balance to another card that gives you say 6/9 months free interest on balance transfers continue doing that until you are in the position to pay them off comfortably at the end of the month.

Make sure you have researched ALL the costs thoroughly and have a good idea of how much you are going to bring in. Start with small orders and build up.
edited spelling error
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Old 19-02-2006, 07:45 AM   #7 (permalink)
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Quote:
Originally Posted by nocturnal
edited spelling error
You can click the "edit" button on your previous post to edit easier .
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Old 19-02-2006, 09:37 AM   #8 (permalink)
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Quote:
Originally Posted by nocturnal
Another option is using credit cards then switch the balance to another card that gives you say 6/9 months free interest on balance transfers continue doing that until you are in the position to pay them off comfortably at the end of the month.

Make sure you have researched ALL the costs thoroughly and have a good idea of how much you are going to bring in. Smart with small orders and build up.
Like the idea of interest free
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Old 19-02-2006, 11:52 AM   #9 (permalink)
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you should have a read of this Credit Card Funding

Dave
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