? About ffl123

Discussion in 'NFA/Class 3 & FFL Discussion' started by glockmania, Dec 4, 2012.

  1. glockmania

    glockmania New Member

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    I have a question for all the brainiacs on firearms out there. My cousins found this website ffl123.com. To pursue on getting his ffl license. He says you can buy guns cheaper as well as accessories.

    My question is that. Has anyone ever went thru with this company for the starter guide. N if so is it worth it(true).
     
  2. danf_fl

    danf_fl Retired Supporter

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    If your cousins have more money than they know what to with, they could send me some.

    YOU DO NOT NEED TO GO TO SUCH A WEBSITE!!!!!

    The BATF has all the info on theirs (for free).

    Create an LLC, and follow the info here: http://www.atf.gov/firearms/industry/

    An FFL allows you to pursue the business of buying and selling firearms. Unless you are engaged in business, it is not recommended that you get an FFL for your private collection.
    You will still have to transfer the firearm to your personal collection and you are still responsible for paying sales tax.
     
    Last edited: Dec 4, 2012

  3. KAG

    KAG New Member

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    Most difficult part of the FFL application is confirming the local laws for operating a gun business. State and federal are simple, just fill in the blanks and mail the appropriate copies to the appropriate place.
     
  4. Olympus

    Olympus New Member

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    If you and/or your cousin are interested in getting a FFL just to buy guns and accessories cheaper, then you're wasting time and money. FFL are given to those who want to operate a BUSINESS, not buying cheaper guns and accessories for themselves, friends, and family.
     
  5. glockmania

    glockmania New Member

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    I think he was just for cheaper guns. He said u can get about 30% off. Than I started thinking that it sounded good n even trying to sell em n start a business but put some thought into it. I don't think there's any room for another dealer round here.

    Is it alot of money to put out for the license?
     
  6. silverado113

    silverado113 New Member

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  7. c3shooter

    c3shooter Administrator Staff Member

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    Unless you can show tht you intend to "engage in the business" of buying and selling, or repairing guns, you will NOT be issued a dealer's FFL. Period.

    The idea that you can magically get a license that will let you buy guns from a wholesaler for a faction of the retail is false. Neither FFL123 nor anyone else can change that.
     
  8. ffl123

    ffl123 New Member

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    Be sure to check with a former customer....

    I would recommend checking with a former customer to get their input. We have never had a customer say it was not a very informative course and many insights learned over many years and worth the small price.

    As an example.... Yes, you can do your taxes by talking to other tax payers and reading the IRS website, but I personally use a CPA.

    We do advertise on this website, but struggled to justify as so many non-customers try to speak poorly of getting any help in this area.

    Again, find a former or current customer to give you feedback sir.

    Thanks,
    Brandon
     
  9. danf_fl

    danf_fl Retired Supporter

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    ffl123,
    What service do you provide that is above and beyond what is available on the BATF website or here?
     
  10. Olympus

    Olympus New Member

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    Appreciate the forum support, but I agree with Dan. It would be beneficial to know what your company offers that justifies the cost.

    I was just issued my FFL and completed the while process myself. Follow the instructions on the ATF website and read the FAQs. Not sure what more I would have gained if I had used the FFL123 website, but interested to know.
     
  11. glockmania

    glockmania New Member

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    Thx guys for helping n giving ur insight of things
     
  12. ffl123

    ffl123 New Member

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    Fair questions. I will try to outline the “value” a member gets from FFL123.com. Thanks for giving us a fair opportunity to explain the services we offer.

    Membership Savings – A&D Book discounts greater than anywhere online, discounted FFL insurance if needed, discount with credit card merchant account if you want to take credit cards, discounts from web designers who specialize in gun websites, ATF compliant A&D excel based inventory tracking tools.

    Membership insights – Setting up the FFL can be setup many different ways and once setup, can only be changed by reapplying. The benefits of putting in your name or partnership or LLC or other unique structures…. can have a major impact on how successful you are at acquiring wholesaler/manufacturing accounts and will impact what happens to your firearms and silencers/machine guns once FFL gone. Critically important to have a full understanding of this before applying. Doing this incorrectly might not surface for a many years.

    Type of FFL is worth spending time considering before applying. A 07 is cheaper to apply for and allows assembly and manufacturing, gunsmithing, and selling, also allows one to make machine guns when upgraded with an SOT (Class 2). The 07 comes with other potential issues currently changing rapidly, will require some additional insights when applying… Type of FFL is worth spending time reviewing with someone that has had many FFL’s and used many different types before jumping on the basic FFL. Doing this incorrectly might not surface for a few years.

    Local issues… we find each part of the country has its own unique issues or local requirements. ATF does function differently in different parts of the country. FL or TX or GA or AZ have different items they look at versus maybe WA or OR… We have a solid checklist and solid action plans to ensure you are getting these issues off the table before you apply. Saves time and builds confidence in the process. Keeps one from wasting time on issues not important or being denied if you missed a requirement you were unaware of. CA, NY, NJ, PA, GA, SC, WA, & MA all have unique state requirements we cover as well.

    The paperwork / applications / forms. Not very difficult, although if completed with zero errors in the beginning, speeds approval process and improves outcome of meeting with ATF. Hours of operation is tricky and we have a few ways to help someone get this done correctly. You want to get approved, but you don’t want surprise inspections while you are not at home, etc. You don’t want them to inspect personal firearms and you don’t want them searching the entire house, there are ways to protect against these common concerns. Doing this incorrectly might not surface for a few years.

    ATF meeting. Meeting with a government agency in your home does work on the nerves. The key to relaxing the nerves is being confident and confidence comes with understanding, education, defining the unknowns. We have an entire chapter breaking down all the parts of the meeting. The ATF meeting can last 4 to 5 hours, where our customers report meeting lasting only an hour and all the praise they receive for being so prepared gives our customers a lightning bolt of energy and confidence. Good first impression is critical to your success, this inspector might be inspecting you one day.

    Firearms Wholesaler – Most will not work with home based dealers. We have internal sales contacts and relationships built to work around these obstacles.

    Experience – We have had four different FFL licenses and used in eight different locations, including different states. We have tried many different business models, making silencers, internet sales only, transfers only, etc… our business insights can help you get started successfully and keep you from making the same mistakes we made. We have uncovered a way to get 55% discounts on shipping firearms with FedEx ground, which gives us a competitive advantage in the marketplace. We handle over 300 emails per day from a current membership database of 50,000 members. We have a pulse on issues all over the country and can share with members how someone in their area had success, like creating a large network of aspiring FFL License holders, new holders, and tenured FFL dealers.

    Class 3 – This is the fastest growing market within firearms in America. Many states are changing laws and silencers are a red hot market. We are one of the largest dealers in the US and provide customers insights into how to jump into this market while it is still in growth mode. We help dealer get setup and provide business insights based on our experience… we have streamlined the paperwork for silencer transfers to make it a profit center for the new class 3 dealer versus a bureaucratic red tape drag.

    Customer Support – We answer emails 18 hrs a day, 365 days a year.

    We work each day to create additional value and training for our members. As I noted earlier, we have never had a member say it was not an excellent value once they completed the process and had an opportunity to tap into all of our growing resources. Thanks again for allowing me to explain our company. We are working with Austin to increase our level of sponsorship here so more can learn about our service.

    Thanks,
    Brandon Maddox
     
  13. danf_fl

    danf_fl Retired Supporter

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    Thanks for your reply Brandon.
     
  14. GarKeith

    GarKeith New Member

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    I just got my FFL and the process seemed very easy to me. the biggest challenge was zoning regulations in my city, I don't think the website could have helped me with that since I appeared in front of the zoning board. If you are doing this just for a discount you are going to find out it is not worth the hassle. If I could have backed out about half way through I think I would have. I have it now and I am surprised how slim the profit margins are. I don't know how people make a living selling guns. Lucky for me I am doing it as a side project...I have a "real" job.
     
  15. ffl123

    ffl123 New Member

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    FFL for selling guns

    You must not have had access to our whole seller list, margins are directly related to which accounts you get setup.

    I would consider a Class 3, margins on silencers are very generous.
     
  16. Olympus

    Olympus New Member

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    Correct, margins are slim on new guns. The money is in the accessories and also in buying and selling used guns.

    The margins for suppressors may be much better, but suppressors don't sell as quickly of easily due to their cost, tax stamp, and various misinformation about them. I would look into changing classes of licenses in the future, but only after I've built a good foundation first.
     
  17. GarKeith

    GarKeith New Member

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    Class 3 items are not an option in my county.
     
  18. silverado113

    silverado113 New Member

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    Margins in new guns this week that have AR in their name have been good :D
     
  19. GarKeith

    GarKeith New Member

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    I would like to have a rack full of big black guns right now. I can't find even one to order.
     
  20. roughneck266

    roughneck266 Lifetime Supporting Member Lifetime Supporter

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    I cant think of a single gun I make 30% on. NONE. The mark up on firemarms is tiny compared to most other goods. A few of the accessories maybe, but even then we dont make that much.