Need some business advice, lasses n lads!
Here's the skiny: I can get lbs of AAA bud for $2300/lb and resell them for $2700-3200/lb. The $2700/lb deal is usually in 4-6lb batches for a net profit of $1600-$2400 per transaction. This particular girl handles the drops (ie provides the addresses,) sales, collection, and delivery of cash to me (or wherever.) To date I've done this enough to net $6400 in profit, but lately this lady has been getting tardier and tardier with payment. I've already talked with her about how unacceptable this is but I don't think she's really getting on board.
What really irks me is that she's been going on a lot of trips and vacations lately and spends her "free" time (time she has my money and could be delivering that shit to me ASAP) skiing and snowboarding.
I've also only received $8300 of the last 4lb/$10800 owed to me--not even enough to cover my own costs. She said that she had a day off work to deliver me the last $2500 and that she'd be able to bring it over anytime so I went ahead and set in motion to have another 4lb delivered. Well, lo and behold, she said "I'll deliver the cash after my friend gets of work if I'm not too drunk"
God.
Fucking.
Damnit.
In hindsight I know that it was a huge mistake to get another round started before beginning another, but... Let's assume all goes well. Here's where we'll stand:
- I will have made $9600 in profit off of her without really doing much of anything besides putting myself in financial risk and engaging in limited exposure during cash pickup/dropoff
- A 4lb batch will be wholly covered by the profit from her own account, ie in a worst case scenario I will only lose what she has made
- Risk and effort is minimal
- I do not struggle to sell bud at $3200/lb. People can't get enough, in fact. The profits are leaps and bounds above what I rake in from her... but they require more involvement and risk/exposure
What say ye all? Smart business or margins too slim?
Even if the system was working flawlessly and you were getting paid and doing jack shit, earning $400 per pound is a mugs game, youre committing a federal crime to earn peanuts
If anything goes wrong that bitch is rolling over on you