Opportunities sometime require outlays.
I will never forget this. I remember when I was selling products on Ebay, I usually run into a HOT product every once in a while because you have to be aware of what’s selling on the market. I have been selling on Ebay since 2004, and my experience was – if there’s something very hot in the market, buy it and re-sell it. It’s like buying Tickle Me Elmo before Christmas season for $25.00USD and have buyers bid for over $100.00USD a piece. Whoever is first on the market, gets the winning edge. That’s how you make the most out of Ebay.
One time, a new DVD set was coming out. Friends – the show, has been on television for 10 years. They had their season finale, everything was sad but the studio was selling the DVD’s piece meal per season. Until one day, I heard about a Collector’s set coming out and it would cost me $175.00USD wholesale, when I can sell it up to $250.00USD retail (which doesn’t include shipping and handling that would generate another 10.00USD in revenue). I wanted to get a hold of the Collector’s set but I didn’t know how to come up with the money. Even if I buy 20 sets, that would still be $3500.00 out of my pocket. So I looked into getting a Small Business Capital Advance. The only way I would get it is to take out a loan, buy the DVD sets and pay the amount in full after selling them.
Guess what folks! It worked! I was able to sell every bit of the Collector’s set of Friends that contained all ten seasons for 250.00USD a piece. That is $85.00USD profit per set multiplied by 20. You do the math. My buyers were happy, I was happy, the bank was happy when I paid them back in full – and everyone had a win-win situation!
