I am in the eirly stages of trying to get my FFL. I’m going to use Legalzoom.com to get my LLC, EIN# and DBA name (I’m open to other suggestions and/or options). Any ideas if I should also do an S-Corp also? I am hoping to have a home based FFL doing transfers, online sales via gunbroker.com and own website to start and see where it goes from there. Am I waisting my time going thru this process? Is there any money to be made? Any advice of what not to do or things I should do?

There is no money in new guns.

1000's of sites all ready selling accessories what are you going to do that sets you apart from everyone else?

FPNI

I had an FFL for 5 years as a pawnbroker.  The gun sales side did not make enough profit to pay the utilities.

I am an FFL with an SOT.  I think you will have a hard time making money on Gunbroker. You will make 35-50 on a new gun if you want to be competitive locally. You will have a hard time being competitive with the internet.

You can make a little  money doing transfers from home but I personally wouldn't want people in my house.  You can also make a little money doing cleaning and general repairs.

The gun business is a tough business. You can easily pay for the cost of the license but if you want to make an actual living you need to have a solid business plan, a unique business model, and be prepared to work more hours than you would have to at a normal job.

Yes, set up as an S-Corp.

Invest your money in the stock market.  You will get a much better return for very little effort.

If you want to make a little money in the gun business, start with a lot. 

There may be reasons for many to want an FFL, but in 2018, you most likely missed the bus.

The gun industry is a billion dollar business. You can make a lot of money. Are you prepared to do the work to achieve that? The plan you highlite in the OP does not seem so. Nothing wrong with that, set your expectations accordingly.

Magpul started out selling rubber doohickeys attached to you AR magazine. Look where they are now.

If your plan is to sell online and make bank you're going to need a new plan.

Some companies (a big vendor here that I wont name) sometimes sell products at a loss, lower than distributor price as loss leaders.  It's impossible to compete with that.  Other companies sells at $1-2 markups and drop ship.  That is a lot of effort to do a drop ship order and maintain everything for a buck.

Now if you innovate and bring something new to the table you'll make bank.

If I could go back in time when I applied for my FFL and naturally got my FFL I wouldn't have done it.

The profit is laughable at best on most things, you need to have a very specific niche market and be really good at it to make any real money... or do a TON of volume.  Services is basically where you can make some money, such as gunsmithing, cleaning, refinishing etc.