Selling Corals for Profit $$$

[FishingGoalie]

Originally Posted by darkreef

i don't see the problem with it i just wouldnt buy it hehehe.

only thing that bothers me is when a nice shipment comes in and one person with a big wallet buys all the nice ones in seconds. share the beauty

but that doesn't even bother me im just jelouse because im not a fast buyer i like to do research before i get something

I both agree and disagree with this. I have gone to concept many times looking for something that they post pictures of the day before and its already gone because thats just how it works the nicest pieces are going to go the fastest. But this past week i definitely didnt waste my time as soon as i saw they got an order i didn't want my favourite gold torch to be gone before i got there, so I was so desperate i got my neighbour to take me Lol. So I was that guy that took the nice pieces.( very hesitant because i would have no more money until june 20th so I bought them. Im glad I did because who knows when ill be able to find a Red and Blue clam again. I do bit myself in the but though sometimes for not doing research so i completely agree with you on that part.

[FishingGoalie]

Originally Posted by FishinGoalie

I both agree and disagree with this. I have gone to concept many times looking for something that they post pictures of the day before and its already gone because thats just how it works the nicest pieces are going to go the fastest. But this past week i definitely didnt waste my time as soon as i saw they got an order i didn't want my favourite gold torch to be gone before i got there, so I was so desperate i got my neighbour to take me Lol. So I was that guy that took the nice pieces.( very hesitant because i would have no more money until june 20th so I bought them. Im glad I did because who knows when ill be able to find a Red and Blue clam again. I do bit myself in the but though sometimes for not doing research so i completely agree with you on that part.

I hope that didn't sound rude because it definitely wasn't meant to be

[Slyguy00]

It isn't any different than certain local stores around here buying frags off people off the forum cheap and selling them in store for 10x what the paid. Iv seen this happen several times.

[reefermadness]

Interesting thread.

Personally I will agree with those that think if you are buying and selling for the purpose of profit you are not hobbyist but a business.

I also find this thread interesting for the fact that I just sold all my coral. It was a long process (we are talking thousands of dollars). I had an unbelievable amount of corals for a hobbyist but I never once purchased a frag or colony for the sole purpose of profit. The large majority of my corals were purchased as frags and grown out. This takes the kind of time, resources and care that most businesses cant spare to waste. As a hobbyist though this is the best way to get your money back out of the hobby. I by far did the best on the small rare and/or beautiful (most times aquarium cultured) frags I would buy. In a few years (more or less) they are grown out and you can usually frag them many times to make back investments in the hobby. Of course this takes skill and patience. Much better than the few wild LPS colonies I would buy that do not grow. Nice corals are expensive and even though Jay (reefraft) would seem to give me decent prices (comparitively) if the coral wouldnt grow it would be a money loser in the end for sure. Another thing with selling grown out corals is you are not pushing chop shop corals which have a poorer track record.

Anyway you would'nt believe the growth you can get on some of these corals (certain SPS especially). The growth is nealy exponetial as they grow. So with a large system stuffed to the brink with mature corals I personally was not up to the task of selling all the frags. Thankfully Tony and Long wanted to make a business out of it. They are good guys and we both did well with our partnership. I wholesaled out my frags (till they were ready to buy the mother colonies). Less work for me and these young buck entrepreneurs can make a buck too. They are a registered tax paying business (and sponsor of canreef) as well cause Im sure some eye brows would have been raised had I tried to sell all my wares in the classifieds.

Currently coral free
D.V.

[acepumping]

Put it this way. I don't do it to make money, I do it for the hobby and also to pay for the cost of hobby. No profiting and I trim my colonies.. very expensive.. for example. I'm in a townhouse, my hydro was 350 for the last 2 months. Vs 170 without tanks..
Plus I'm a hoarder.. I fully understand that if your doing it for business, then register..i have over 20k worth of equipment and corals.. I know I will never see the money again which is expected in a hobby.. but it is nice to get a bit of help.. i ran for 3 years without selling a piece of coral.

And don't get me started on dead fish and corals I have lost..
Face it vendors are vendors, hobbyist are hobbyist..

[acepumping]

Ask my credit card how sore his stripe on his back is lately lol..

I've got 500 gallons in my house.. had a minor crash in my 200gal display. Lost 3k worth of corals... what did I do? Restocked and now getting them healthy before I put it back into my tank..

have a good day guys. This thread is boring haha

[Slyguy00]

I find it pretty entertaining that one ignorant person can stir up so much s**t. Its never been an issue until one person says something. And odds are it was probably that clown that just left the forum. If you dont like it don't buy it

[albert_dao]

Originally Posted by Slyguy00

I find it pretty entertaining that one ignorant person can stir up so much s**t. Its never been an issue until one person says something. And odds are it was probably that clown that just left the forum. If you dont like it don't buy it

Oh come now, why else would we ever hit refresh? I think controversy and heated debate is awesome for keeping eyes glued to the board. Not sure why it's so frowned upon

On that note, who's the smurf?

[Slyguy00]

Originally Posted by albert_dao

Oh come now, why else would we ever hit refresh? I think controversy and heated debate is awesome for keeping eyes glued to the board. Not sure why it's so frowned upon

On that note, who's the smurf?

totally agree with you albert. I don't frown upon it at all

[Aquattro]

Originally Posted by Slyguy00

And odds are it was probably that clown that just left the forum.

Nope, wasn't him. It's someone you're probably friends with