somdave2005
Level 2 Member
I've been debating in my head recently on whether to focus on MS or Reselling. I do both right now and find that with a full time job and a baby I don't really have time for BOTH. Given TIME is a premium, which one would you guys focus on? Here are my pros and cons of each? What are your thoughts?
Manufactured Spending: ie buying GCs, money orders , etc
Pros:
- more straightforward and money is available quicker ie buy MO and deposit MO
- credit card earnings are not taxed
- Don't have to deal with customer returns and reselling issues
Cons:
- out of pocket expense to earn points ie gift card fees.
- more credit card fraud alerts than reselling
Reselling:
Pros:
- earn money profits in addition to credit card rewards/miles, instead of paying fees to earn CC rewards like in MS.
- More stimulating and fun?
Cons:
- Time consuming ie search for deals
- Volume is limited due to most stores/retailers ahve quantity limits before they shut you down.
- Have to pay taxes on profits. (not talking about credit card rewards, the actual profits from your sales)
- customer issues ie returns, complaints.
Manufactured Spending: ie buying GCs, money orders , etc
Pros:
- more straightforward and money is available quicker ie buy MO and deposit MO
- credit card earnings are not taxed
- Don't have to deal with customer returns and reselling issues
Cons:
- out of pocket expense to earn points ie gift card fees.
- more credit card fraud alerts than reselling
Reselling:
Pros:
- earn money profits in addition to credit card rewards/miles, instead of paying fees to earn CC rewards like in MS.
- More stimulating and fun?
Cons:
- Time consuming ie search for deals
- Volume is limited due to most stores/retailers ahve quantity limits before they shut you down.
- Have to pay taxes on profits. (not talking about credit card rewards, the actual profits from your sales)
- customer issues ie returns, complaints.