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Would you open a hobby store if you won the lottery......??

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  • Member since
    August 2003
  • From: Camp Leatherneck, Afghanistan
Posted by bilbirk on Tuesday, July 14, 2009 2:12 PM
 smeagol the vile wrote:
to all those who say they wouldnt work at all, those are the people who end up spending everything they have and having to go back to work in the end
     What in the world would be wrong with that? If I won a big lottery payoff I would do my best to blow as much as I could because I could use a break every now and then. Money is made to be spent and I would want to help stimulate the economy as much as I could. NOPE No work for me! Till I ran out anyway.
  • Member since
    March 2005
Posted by philo426 on Tuesday, July 14, 2009 2:53 PM
Well you would have to balance it out and have a solid financial plan so that you could indulge your hobbies.Plus if you had a good tax attorney and money manager you could live pretty much stess-free if you didn't go wild and invested wisely.
  • Member since
    April 2003
  • From: Hayward, CA
Posted by MikeV on Tuesday, July 14, 2009 3:23 PM
I would be too busy catching Yellowfin Tuna and Dorado and drinking Negra Modelo's and Patron Silver in Los Dos Cabos and La Paz. Big Smile [:D]

Wisdom is the right use of knowledge. To know is not to be wise. Many men know a great deal, and are all the greater fools for it. There is no fool so great a fool as a knowing fool. But to know how to use knowledge is to have wisdom. " Charles Spurgeon
  • Member since
    April 2008
  • From: Philadelphia PA
Posted by smeagol the vile on Tuesday, July 14, 2009 4:42 PM
Just seems smarter to me to use a portion of that money to open a store, or something where you could work two or three days out of the week, inorder to keep money coming in, so there would be remnants of that lottery win for not only you but your kids.  Its what I would do

 

  • Member since
    August 2006
  • From: Neenah, WI
Posted by HawkeyeHobbies on Tuesday, July 14, 2009 5:12 PM
Nope! I would help those who do own one get rich by selling me stuff though. Smile,Wink, & Grin [swg]

Gerald "Hawkeye" Voigt

http://hawkeyes-squawkbox.com/

 

 

"Its not the workbench that makes the model, it is the modeler at the workbench."

  • Member since
    June 2005
  • From: San Tan Valley,AZ
Posted by smokinguns3 on Tuesday, July 14, 2009 5:48 PM
If i won a huge amount like 500 million after taxes, I would and the kicker here would be ,it would be my own private fully stocked hobby shop. And thee only way would get in is buy appoitment and id let my ipms club members in for free.
Rob I think i can I think i can
  • Member since
    June 2008
  • From: Iowa
Posted by Hans von Hammer on Wednesday, July 15, 2009 11:43 AM

 smeagol the vile wrote:
to all those who say they wouldnt work at all, those are the people who end up spending everything they have and having to go back to work in the end

You make the MONEY work, kid...     

 

 

  • Member since
    April 2008
  • From: Philadelphia PA
Posted by smeagol the vile on Wednesday, July 15, 2009 1:27 PM

I know, thats what I said, you open a hobby store (since its something we all like and the topics about) you follow successfull buisness models of other stores, things like keeping new kits in stock, discounts, having the catalog online for people out of driving distance to purchase from you.  You make deals with non mainstream companies that make resin kits and such to carry them in your stores, giving you something that other walk in hobby shops dont have.  You hire a staff to work there so you dont have to, just come in once or twice a week, or sit in the store and build and supervise.  Have other people do the crap work. 

Since your owning the store, and it isnt a chain or anything, you dont have some coperate a$$ telling you 'oh order these kits' you know what kits are nice and new and people want and you order those, instead of the same old revell kits.

 

Heres a good example, in michigan there is a store that sells almost nothing but gundam model kits.  Normally that store wouldnt stay open long, being so specialied, but they sell their stuff online, and have a MASSIVE cataloug which has almost every kit that was put out in modern times and some older ones.  They do very good buisness, enough that they have redone their site with a 110% pricematch garuntee and weekly deals of 50%+ on a single kit.  Its a small buisness all in all, if you call them your likley going to get the same nice people every time.  Their prices are very cheap, not much markup at all, and the shipping is very fast.  They do very good buisness

 

  • Member since
    March 2007
Posted by KAYSEE88 on Wednesday, July 15, 2009 2:10 PM
 smeagol the vile wrote:

Heres a good example, in michigan there is a store that sells almost nothing but gundam model kits.  Normally that store wouldnt stay open long, being so specialied, but they sell their stuff online, and have a MASSIVE cataloug which has almost every kit that was put out in modern times and some older ones.  They do very good buisness, enough that they have redone their site with a 110% pricematch garuntee and weekly deals of 50%+ on a single kit.  Its a small buisness all in all, if you call them your likley going to get the same nice people every time.  Their prices are very cheap, not much markup at all, and the shipping is very fast.  They do very good buisness

Hi....whats the name of the biz you mention here??  (or just PM me its info.) ;)))

 

  • Member since
    April 2008
  • From: Philadelphia PA
Posted by smeagol the vile on Wednesday, July 15, 2009 3:24 PM
just check the scifi forum, the names thrown all over the place over there.  Www.gundamstoreandmore.com

 

  • Member since
    July 2009
  • From: The Great Canadian West Coast
Posted by Rudi35 on Wednesday, July 15, 2009 11:06 PM

If I had enough money that the shop would not have to make a profit (or any money for that matter) I would open one and invite the local IPMS to use it as a hang out. I would sell everything at cost and anyone who wanted to shoot the breeze all day would be welcome - perhaps a coffee counter would be appropriate. There would be no RC kits either, just scale plastic and resin.

This thread has been an eye-opener. One of the questions I had was if the hobby would die with this last generation of modelers (in their 30's and 40's) and it seems it probably will according to jtilley's observations. I also noticed in my local shops that the only guys under 21 were there for RC equipment. They didn't even have a look at the scale models shelves. It is odd though that with fewer customers there has been an increase in kits, manufacturers and aftermarket parts. I think that must be due to the fact that the older modeller has quite a bit more disposable income (and we throw it away with abandon) as well more time.

  • Member since
    April 2008
  • From: Philadelphia PA
Posted by smeagol the vile on Thursday, July 16, 2009 12:40 AM
well people say that its dieing, and it might be, but its the LHS thats dieing, not the hobby, because internet stores are doing great.  Im in my 20s, I know others in their 20s that build this, and I know alot of you have your kids/grandkids/(in hans case) greatg reat great grandkids building

 

  • Member since
    March 2005
  • From: near Nashville, TN
Posted by TarnShip on Thursday, July 16, 2009 5:34 PM

I would, and since making a profit (except for every few years in order to stay open, per the IRS) wouldn't be a big deal,,,,,,I'd probably get hate mail from the struggling stores, online shops, "real" resin makers, decal makers and book printers

think of a "hobbysuppliesandpublishing.org" type of place

almost gone

  • Member since
    June 2008
  • From: Iowa
Posted by Hans von Hammer on Thursday, July 16, 2009 8:39 PM
 smeagol the vile wrote:

I know, thats what I said, you open a hobby store...

No, that's what I meant by "making the money work"..  Making the money work means I don't...  Investing in stocks, bonds, etc and living off the interest and dividends... Or by something like say, I bankroll a person to open a hobby shop and they pay me to work it... My initial investment plus interest...  Me actually standing behind the register?  No way...

 

  • Member since
    March 2003
  • From: Rain USA, Vancouver WA
Posted by tigerman on Tuesday, July 28, 2009 6:45 PM
If you won millions in the lottery, you wouldn't need to buy or open a hobby store. Like Hans, stocks, bonds and real estate are where there is to make the money, not a couple of bucks off a new kit. Besides if you did win millions, why not buy and build, for your never going  to get rich selling the stuff. I'd much rather build then run 30% off sales.

   http://i7.photobucket.com/albums/y269/wing_nut_5o/PANZERJAGERGB.jpg

 Eric 

  • Member since
    October 2007
  • From: N.H.
Posted by panzerguy on Friday, July 31, 2009 7:02 PM
   Absolutely not! But I'd keep mine and Jadgpanther 302's in business for a very long time.

"Happiness is a belt fed weapon"

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