Hello all
I've started a hobby buying video games on places like GumTree and Facebook Marketplace to resell at a profit on places like eBay.
I am looking at the possibility of scaling this up and registering it as a business. However I am wondering if this would mean having to get a second hand dealer licence. I have checked the costs and requirements of getting one and that is no problem. The problem is that if registered as a second hand dealer I would have to get information from people I buy from including name, address, licence number, etc. Since I'm just responding to adverts on GumTree or Facebook this would rule 95%+ of my purchases out since the average person who places an ad would not want to have to go through such details just to sell.
Below is some information about my situation:
- I live in Queensland but buy from people all over Australia.
- 95% of purchases I make are completely online where I will pay by bank deposit or paypal and they then post to me.
- Some purchases are done in person where I will pick up locally and pay in cash.
- Since I'm buying video games, most are low priced transactions. Many are just games for less than $50 but some could be up to $400 or so if buying a gaming console and multiple games from the one person.
I would appreciate any general advice before having to see a solicitor. As I have little capital at the moment and don't want to spend money on business planning if I will need to get personal details from everyone I purchase from since this will mean it is simply not a viable business option.
Please do let me know if any more information is needed.
Many thanks.
I've started a hobby buying video games on places like GumTree and Facebook Marketplace to resell at a profit on places like eBay.
I am looking at the possibility of scaling this up and registering it as a business. However I am wondering if this would mean having to get a second hand dealer licence. I have checked the costs and requirements of getting one and that is no problem. The problem is that if registered as a second hand dealer I would have to get information from people I buy from including name, address, licence number, etc. Since I'm just responding to adverts on GumTree or Facebook this would rule 95%+ of my purchases out since the average person who places an ad would not want to have to go through such details just to sell.
Below is some information about my situation:
- I live in Queensland but buy from people all over Australia.
- 95% of purchases I make are completely online where I will pay by bank deposit or paypal and they then post to me.
- Some purchases are done in person where I will pick up locally and pay in cash.
- Since I'm buying video games, most are low priced transactions. Many are just games for less than $50 but some could be up to $400 or so if buying a gaming console and multiple games from the one person.
I would appreciate any general advice before having to see a solicitor. As I have little capital at the moment and don't want to spend money on business planning if I will need to get personal details from everyone I purchase from since this will mean it is simply not a viable business option.
Please do let me know if any more information is needed.
Many thanks.
