Selling Corals for Profit $$$

[Aquattro]

Lots of different views and points in this thread. And still not locked. That in itself is pretty good.
So let's recap. Selling something to make a bit of money back to feed hobby=good.
Selling parts of large piece you bought to recoup some of the cost=good.

How we doin' so far?

Selling off entire contents of tank because you're done=good. Got it.

Selling excess growth that happens to buy the next few buckets of salt=good.

Buying $200 frag, growing said frag and selling multiple frags for $200=good.

I'm on a roll

Buying a cool coral at store and chopping into pieces to flip a profit, repeatedly=bad

Having a coral farm in your basement to pay mortgage=good

Am I on track here?

I have to pretty much agree with all of the above. Where it gets grey, from a Canreef standpoint, is which of the above conflicts with the interest of paying sponsors (those are the greedy LFS bastards we've read so much about).
My job is to sort through the grey area and determine if/when and who is meeting this criteria. We went from a almost no frag sales policy to our current one, which somewhat conflicts with sponsors, but is overall beneficial to members and the hobby in general.
If I feel someone is jeopardizing our income/potential income, therefore the fate of the board, I need to step in and disallow such sales. That's the board way.
Other than that, if you can make a buck, not screw someone and everybody goes home happy, have at 'er!

[denny_C]

Originally Posted by Aquattro

Lots of different views and points in this thread. And still not locked. That in itself is pretty good.
So let's recap. Selling something to make a bit of money back to feed hobby=good.
Selling parts of large piece you bought to recoup some of the cost=good.

How we doin' so far?

Selling off entire contents of tank because you're done=good. Got it.

Selling excess growth that happens to buy the next few buckets of salt=good.

Buying $200 frag, growing said frag and selling multiple frags for $200=good.

I'm on a roll

Buying a cool coral at store and chopping into pieces to flip a profit, repeatedly=bad

Having a coral farm in your basement to pay mortgage=good

Am I on track here?

I have to pretty much agree with all of the above. Where it gets grey, from a Canreef standpoint, is which of the above conflicts with the interest of paying sponsors (those are the greedy LFS bastards we've read so much about).
My job is to sort through the grey area and determine if/when and who is meeting this criteria. We went from a almost no frag sales policy to our current one, which somewhat conflicts with sponsors, but is overall beneficial to members and the hobby in general.
If I feel someone is jeopardizing our income/potential income, therefore the fate of the board, I need to step in and disallow such sales. That's the board way.
Other than that, if you can make a buck, not screw someone and everybody goes home happy, have at 'er!

well said brad and i even had a good laugh lol

[Coral Hoarder]

Originally Posted by Aquattro

Lots of different views and points in this thread. And still not locked. That in itself is pretty good.
So let's recap. Selling something to make a bit of money back to feed hobby=good.
Selling parts of large piece you bought to recoup some of the cost=good.

How we doin' so far?

Selling off entire contents of tank because you're done=good. Got it.

Selling excess growth that happens to buy the next few buckets of salt=good.

Buying $200 frag, growing said frag and selling multiple frags for $200=good.

I'm on a roll

Buying a cool coral at store and chopping into pieces to flip a profit, repeatedly=bad

Having a coral farm in your basement to pay mortgage=good

Am I on track here?

I have to pretty much agree with all of the above. Where it gets grey, from a Canreef standpoint, is which of the above conflicts with the interest of paying sponsors (those are the greedy LFS bastards we've read so much about).
My job is to sort through the grey area and determine if/when and who is meeting this criteria. We went from a almost no frag sales policy to our current one, which somewhat conflicts with sponsors, but is overall beneficial to members and the hobby in general.
If I feel someone is jeopardizing our income/potential income, therefore the fate of the board, I need to step in and disallow such sales. That's the board way.
Other than that, if you can make a buck, not screw someone and everybody goes home happy, have at 'er!

Lmao I like this

[MarkoD]

I don't understand the issue.

I use to buy tanks from people for the price they were asking.

I'd bring it home, clean it, repaint the stand and then sell it for more.

The person buying has the option to buy mine or any others on kijiji.

What's wrong with flipping things for money?

There's a tv show about how people do this with antiques now, why would that be any different?

[Coral Hoarder]

Its frowned upon Ias its considered riping some one off
But if there willing to pay then that's what its worth

[albert_dao]

Originally Posted by Coral Hoarder

Its frowned upon Ias its considered riping some one off
But if there willing to pay then that's what its worth

You're hardly ripping someone off given that you've invested your time and effort into finding and housing the coral, which assumes some small amount of risk unto itself. Maybe the coral dies, spread parasites/disease to your system, doesn't sell, maybe you get hit in traffic on your way to or from the LFS, etc, etc. Time is not free

For the record, I've never done this, but I have friends that do and I see zero issue with it. But that's just IMO.

*(truth be told, I feel as though I SHOULD be doing this... I too have a mortgage to pay).

[Aquattro]

Originally Posted by albert_dao

You're hardly ripping someone off given that you've invested your time and effort into finding and housing the coral

Even if you don't own a tank and have a mobile chopping bin, you're not really ripping anyone off (unless you sell some tourist green milli for a grand). If you buy a $60 colony and make $50 on chopping it, not a lot of ripping off involved. I don't agree that anyone needs to pass on a good deal they got to someone they're selling to. Money is nice, make what you can. But be cognizant of the effect on the hobby, the market and potential future friendships. Find balance, be happy, make a couple bucks, grow some coral.

[michika]

Here Brad, you dropped this; p.

[Aquattro]

Originally Posted by michika

Here Brad, you dropped this; p.

How embarrassing..

[Coral Hoarder]

Originally Posted by albert_dao

You're hardly ripping someone off given that you've invested your time and effort into finding and housing the coral, which assumes some small amount of risk unto itself. Maybe the coral dies, spread parasites/disease to your system, doesn't sell, maybe you get hit in traffic on your way to or from the LFS, etc, etc. Time is not free

For the record, I've never done this, but I have friends that do and I see zero issue with it. But that's just IMO.

*(truth be told, I feel as though I SHOULD be doing this... I too have a mortgage to pay).

Totally agree ripping someone off - selling s frag for more then you paid for the colony