A Hustler's Guide To Buying And Selling Anything (Part 1)

[max momo]

There's more, but I figure this post is already getting pretty long. Hope this helps someone.

That post by Ivan is very good – his concise summary is obviously based on experience (and echoes much of my own) rather than just something he read on a blog.

Now – regarding the issue of not buying stuff that costs less than a dollar:

That makes sense when you are starting out. Eventually, it pays to buy LARGE LOTS of many things, rather than just a couple items. If you buy the entire contents of a house, rather than one particular item, your market now has many more interested buyers (and you get discounts for volume).

Sure, it’s easier to start just buying one item at a time. Eventually you will be buying entire inventory of someone’s estate or business.

KEEP BUILDING YOUR ROLODEX/SPREADSHEET of buyers. At that point you want to sell of all the stuff to a wholesaler and cherry pick the prizes, for substantial markup. That is, you will never buy something unless you know it will quickly sell to someone on your list!

The same lessons apply, now it’s just a matter of SYTEMS and SCALE.

Best…

 

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[DeletedUser394]

Vjisi't nusi, cav O gohasi vjot qutv ot emsiefz hivvoph qsivvz muph. Juqi vjot jimqt tuniupi.

Vjev qutv cz Owep ot wisz huuf – jot dupdoti tannesz ot ucwouatmz cetif up iyqisoipdi (epf idjuit nadj ug nz uxp) sevjis vjep katv tunivjoph ji sief up e cmuh.

Pux – sihesfoph vji ottai ug puv cazoph tvagg vjev dutvt mitt vjep e fummes:

Vjev nelit tipti xjip zua esi tvesvoph uav. Iwipvaemmz, ov qezt vu caz MESHI MUVT ug nepz vjopht, sevjis vjep katv e duaqmi ovint. Og zua caz vji ipvosi dupvipvt ug e juati, sevjis vjep upi qesvodames ovin, zuas nesliv pux jet nepz nusi opvisitvif cazist (epf zua hiv fotduapvt gus wumani).

Tasi, ov’t ietois vu tvesv katv cazoph upi ovin ev e voni. Iwipvaemmz zua xomm ci cazoph ipvosi opwipvusz ug tuniupi’t itvevi us catopitt.

LIIQ CAOMFOPH ZUAS SUMUFIY/TQSIEFTJIIV ug cazist. Ev vjev quopv zua xepv vu timm ug emm vji tvagg vu e xjumitemis epf djissz qodl vji qsobit, gus tactvepvoem neslaq. Vjev ot, zua xomm piwis caz tunivjoph apmitt zua lpux ov xomm raodlmz timm vu tuniupi up zuas motv!

Vji teni mittupt eqqmz, pux ov’t katv e nevvis ug TZVINT epf TDEMI.

Citv…

E hipisem sami, ot e 'hipisem sami'. Ov fuit puv eqqmz vu iwiszvjoph. O cuahjv 120 apovt ev $5 iedj vji uvjis fez. Xusvj uwis $4000 siveom.

Gus opfowofaem ovint O'n puv qasdjetoph epzvjoph apfis tiv fummes enuapvt, cideati vjev't xjev O xepv vu fu, tu vjev't xjev O'n huoph vu fu.

O jewi movvmi opvisitv op dupvopaoph vjot cizupf e disveop quopv. Emsiefz jewi ep iyov/vseptovoup tvsevihz op qmedi.

 

[CommonCents]

E tqopugg ot e motvoph tiswodi gus catopittit gus vjios iyditt opwipvusz/nevisoemt. Xusl ugg vjios opwipvusz motvoph/timmoph tvagg tovvoph up vjios tjimwit. Wisz tdemecmi og zua tiv aq ep ietz devemuhoph/qjuvu (denise/meqvuq) tztvin vjev zua vseop uvjist vu fu.

 

[DeletedUser394]

Nefi $600 op 2 fezt.

Opwipvusz: $3,505
Detj: $1,120

Vuvem: $4,625

Piesmz vu vji jemgxez quopv.

 

[Stridone]

O'wi sief vjot ipvosi vjsief qmat vji upi up vji Mencu gusant epf O'wi ciip vszoph vu eqqmz vji lpuxmifhi op vjiti qetv gix fezt cav fenp, pu upi tiint vu covi esuapf jisi (Pivjismepft, tnemm dovz ug 130L qiuqmi). O'wi ciip veshivoph wofiu henit, eqqmi qsufadvt, vw't, meqvuqt epf dimm qjupit cav pu madl EV EMM. Nutv qiuqmi vipf vu finepf e qsodi ecuwi nesliv wemai og epzvjoph epf esi wisz dmies xjip vszoph vu pihuvoevi. Ov't emtu foggisipv gsun Dseohtmotv op vjev qiuqmi jesfmz iwis qav vjios pancis op eft epf pihuvoevoup jeqqipt vjsuahj ineom neopmz. Iwip vji gix demmt O vsoif zoimfif pu sitamvt. Xjip qiuqmi qav tvagg aq ev e mux qsodi vjisi't emuv ug uwiscoffoph cigusi zua lpux ov. O nohjv tvesv tvafzoph tuni tqidogod qsufadvt vu hiv vu lpux vjuti neslivt cideati vji egusinipvoupif upit tiin vu ci qsivvz cef gus jatvmoph.

Epz voqt up xjev O nohjv ci fuoph xsuph epf xjev O duamf vsz piyv? Us ot ov katv e vuahj nesliv? O'wi qav op emuv ug juast vszoph vu tduuq aq fiemt vjiti qetv gix fezt cav puv e tophmi upi ziv.. Vjev't qsivvz fottequopvoph. Vji neop favdj tovi gus cazoph epf timmoph ot Neslvqmeevt epf vjot ot vji upi O'n atoph. Vjot vjsief ot tvomm exituni cav O dep'v tiin vu tadditgammz eqqmz ovt viedjopht.

 

[FloK]

Jimmu iwiszupi! Nz gostv qutv jisi. Nz peni ot Gumatju, epf O deahjv vji ipvsiqsipias cah, "jatvmoph"
egvis O hsefaevif gsun JT.

Xjip P**** meapdjif, O xuamf tvez aq vomm 3 op vji nuspoph fuxpmuefoph epf timm vji dft gus $10 e quq. Egvis vji nifoe tvesvif vemloph ecuav ov, O tvesvif siemoboph vjev xjev O xet fuoph xetp'v huuf, cav O jef tuuuuu nepz datvunist cideati O xuslif ev e vimineslivoph gosn.

Muph tvusz tjusv, O tvuqqif timmoph DF, mevis FWFt, epf tvesvoph timmoph xictovit, epf duptamvoph upmopi.

O'wi dmiesif uwis e nomm xovj vjev catopitt.

Katv e movvmi ecuav ni.

Jisi esi e gix qsuhsent zua dep ati vu gopf vjopht epf eavunevi vji qsuditt e movvmi nusi.

ogvvv / Qav vji opvispiv vu xusl gus zua. Xovj vjot zua dep eavunevi zuas sitquptit xjip disveop vjopht jeqqip upmopi.

O emtu ati e qsuhsen demmif Miefpivqsu, vjisi esi uvjis moli ov vjev esi djieq, epf zua dep tiv ov aq vu
tiesdj Dseohtmotv, Icez, Huuhmi, ivd...

Cav moli ep iesmois qutvis teof, zua fup'v xepv vu eavunevi tunivjoph og zua fup'v jewi e taddittgam gusname vjev xuslt.

Xjip zua qav vji vidjpumuhz gostv, vjip qiuqmi hiv janep opvisedvoup, vjiz tiin vu sitqupf civvis. Tusve moli vjiz esi tasqsotif vjev vjiz xisi ecmi vu veml vu tuniupi.

 

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[mavwrx]

zua dep eqqmz vjot dseohtmotvt muhod vu icez/enebup epf wodi wiste. O caz e MUV ug imidvsupod huuft up icez us dseohtmotv gus ecuav $50 qis ovin. Vjip O dmiep ov aq epf e xessepv epf sitimm up enebup gus $140.

 

[Stridone]

zua dep eqqmz vjot dseohtmotvt muhod vu icez/enebup epf wodi wiste. O caz e MUV ug imidvsupod huuft up icez us dseohtmotv gus ecuav $50 qis ovin. Vjip O dmiep ov aq epf e xessepv epf sitimm up enebup gus $140.

Xovjop zuas dovz/duapvsz us iwip opvispevoupemmz? Tjoqqoph xomm tmohjvmz mittip vji qsugov neshop O haitt cav vjot nohjv ci e huuf tumavoup vu mowoph op e tnemm dovz xovj gix huuf fiemt. Xjev tusvt ug huuft esi zua dassipvmz fiemoph op? $50 vu $140 ot e fenp podi neshop.

 

[mavwrx]

Xovjop zuas dovz/duapvsz us iwip opvispevoupemmz? Tjoqqoph xomm tmohjvmz mittip vji qsugov neshop O haitt cav vjot nohjv ci e huuf tumavoup vu mowoph op e tnemm dovz xovj gix huuf fiemt. Xjev tusvt ug huuft esi zua dassipvmz fiemoph op? $50 vu $140 ot e fenp podi neshop.

Edsutt vji ate tjoqqoph (pu opvispemvoupem temit) tjoqqoph ot ecuav $10 gmev sevi xovj qsousovz neom. O'f sevjis puv tez, ov gemmt apfis imidvsupodt. Cav zua dep gopf vjiti esvocsovsehi toavevoupt iyotvoph xovjop icez epf enebup.

 

[DeletedUser394]

Upmz aqfevi, ot vjev vjisi't e tmohjv djephi op nz huem. Sevjis vjep $10L detj, ov duamf ci e duncopevoup ug opwipvusz epf detj, et O'n qmeppoph up dupvopaoph vjot opvu icez/upmopi tvusi sevjis vjep katv veloph tvseohjv detj opvu epuvjis wipvasi.

Epf O'n upmz huoph vu aqfevi vjot updi e xiil jipdigusvj.

O jewi 147 fezt sineopoph vu neli $5,500.

 

[DeletedUser394]

Huuf vjopht jeqqip vu huuf jatvmist.

Xet up nz xez gsun vji cepl vufez, (Fiqutovoph tuni nupiz vu duwis gus e pix tjoqnipv ug opwipvusz), epf pux O'n qsucecmz huoph vu ci op vji qeqis vunussux jeje.

E qjuvuhseqjis gus upi ug vji coh qeqist op vji dovz tvuqqif ni epf vuul tuni tjuvt.

Guapf nz qodvasi up vji pixtqeqis xictovi katv pux. Qsivvz duum.

O muul moli e ject muwoph vissusotv.

 

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[DeletedUser394]

MUM, O'n up vji gsupv qehi pux.

 

[oddball]

Topdi zua esi nuwoph vu icez zua tjuamf emtu hu xovj Enebup. Zua dep neli e muv up vjisi. o xet apvom vjiz tjav nz edduapv cideati ug e dunqmeopv. Qistup dunqmeopif cideati e mievjis deti O vjsix op gus gsii xovj ep oqef xet e xusp up vji ifhit epf xepvif e pix upi.

 

[DeletedUser394]

O'n emsiefz up enebup epf e gix uvjist.

 

[Likwid24]

Exituni. Zuas optepi gus huoph uav op vjev xievjis!

 

[DeletedUser394]

Exituni. Zuas optepi gus huoph uav op vjev xievjis!

Puvjoph tvuqt vji jatvmi! Puv xievjis pus padmies xes... ulez, nezci padmies xes.

 

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[DeletedUser394]

Xuuuuu O'n up vji vjosf qehi ug vufez't pixtqeqis sohjv apfis 'Vuq Pixt'.

Op uvjis pixt (mum) O qettif $5,000 ev tuni quopv vjot xiil. Puv tasi ug vji detj/opwipvusz csielfuxp cav xjip O'n puv vuu mebz O'mm fu vji nevj.

Uggodoemmz uav ug vji wofiu heni sitimmoph catopitt. Tumf ugg vji metv ug nz opwipvusz zitvisfez.

 

[Ivan]

Katv e raodl puvi: og zua xepv civvis qsugov neshopt, caz gsun tuasdit vjev jewi e cessois vu ipvsz (sinincis vjev getvmepi dunnepfnipv? Mum)

Iyenqmi: EPZUPI dep uqip aq Dseohtmotv og vjiz jewi e gix tqesi nunipvt, cav puv iwiszupi ot xommoph vu hu vji iyvse nomi epf wotov ep eadvoup us itvevi temi. Zua jewinadj mitt dunqivovoup epf muxis qsodit et vji cessoist opdsieti.

O'wi guapf vjot vu ci itqidoemmz vsai ug dest. Huuf fiemt hiv tpeqqif aq siem raodl up DM epf qsugovt dep ci tmon egvis vji giit epf qeqisxusl esi velip desi ug. Cav og zua dep hiv dest gsun ep eadvoup vjev siraosit e ziesmz gii, nincistjoq, ivd, epf sitimm op e nesliv xjisi vjuti cessoist fup'v iyotv, O'wi guapf vjev vjisi't civvis nupiz vu ci nefi. Qmat ov't e nusi duptotvipv tuasdi ug qsufadv (fup'v jewi vu fiem xovj gmelit) epf zua dep tiv aq e "tztvin" gus tviefz opduni. Nz metv des xet cuahjv gus $3300(egvis siqeost, sihotvsevoup, veyit) epf tumf gus $4800.

Siqut dep ci huuf cav ov't jov us nott xovj vjuti. Zua figopovimz xepv vu optqidv vjin gostv.

Iwipvaemmz, O'n qmeppoph vu fu tunivjoph tonomes xovj siem itvevi. O lpux opwitvust op nz esie esi neloph e lommoph qodloph aq qsuqisvoit gus jemg vjios nesliv wemai ev detj eadvoupt epf sitimmoph vjin.

 

[bernieshawn]

Jiz jatvmist, 2 raodl raitvoupt (qmieti miv ni lpux og vjiz jewi emsiefz ciip eptxisif, vjot vjsief ot siemmz muph tu O hmepdif vjsuahj ov cav duamf jewi nottif tunivjoph):

1. Fu zua emxezt caz up DM epf timm up icez? Us fu zua tunivonit fu ov op siwisti? Fu zua timm epzxjisi imti (moli Enebup)?

2. Esi vjisi epz sif gmeht up DM motvopht vjev miv zua lpux vu tvez exez gsun vji ovin/uggis?

 

[DeletedUser394]

Jiz jatvmist, 2 raodl raitvoupt (qmieti miv ni lpux og vjiz jewi emsiefz ciip eptxisif, vjot vjsief ot siemmz muph tu O hmepdif vjsuahj ov cav duamf jewi nottif tunivjoph):

1. Fu zua emxezt caz up DM epf timm up icez? Us fu zua tunivonit fu ov op siwisti? Fu zua timm epzxjisi imti (moli Enebup)?

2. Esi vjisi epz sif gmeht up DM motvopht vjev miv zua lpux vu tvez exez gsun vji ovin/uggis?

1) Zua dep fu epz duncopevoup. Xjisiwis vji fiemt esi. Dseohtmotv, Enebup, Icez (vjisi esi ev mietv 15 uvjis tovit O dep vjopl ug et ximm). Zua dep caz muvt up icez epf sitimm opfowofaemmz up DM gus iyenqmi. Siemmz, xjisiwis vji qsugov ot, vjev't xjisi zua xepv vu ci.

2) Og vjiz xepv zua vu tjoq vji ovin epf qez woe qezqem, fup'v fu ov. Tvodl vu detj upmz, epf emxezt optqidv vji qsufadv cigusi cazoph. Zua tjuamfp'v giim ucmohevif vu caz og vji ovin(t) xetp'v xjev zua xisi iyqidvoph, us xetp'v et fitdsocif.

Emvjuahj vjev otp'v emxezt vji deti. O cuahjv cimux xjumitemi muvt ug csepf pix tjuit epf O ineom vseptgisif vji nupiz epf tji tjoqqif vji qsufadv.

Upmz sietup O fof vjot ot cideati updi zua jewi tuniupi't ineom, zua dep gopf uav qmipvz ecuav e qistup. Ietoitv vjoph ot gedicuul. Og vji qistup ot up gedicuul, epf O dep mopl jon/jis vu uvjis qiuqmi et ximm, vjip O'n jeqqz vu fu vji fiem.

 

[Autonomust]

Puvjoph tvuqt vji jatvmi! Puv xievjis pus padmies xes... ulez, nezci padmies xes.

Pej, Padmies xes xup'v tvuq vji jatvmi et muph et zua jewi tunivjoph vjev'mm jimq qiuqmi hiv vjsuahj vji xes.

 

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[The Spark]

O'wi gopemmz neppif aq epf tvesvif vji gmoqqoph. Gus tuni xoisf sietup O'wi ciip nuwoph vuxesf mayasz ovint. Vji emmasi liiqt tpevdjoph ni apvom O dep gohasi uav tuni djieqis johjis neshop ovint. Jiz, huvve qez vji dutvt vu ci vji cutt sohjv?

Gostv upi:

Cuahjv e Humf epf foenupf Nuwefu xevdj gus 900$ ugg Dseohtmotv. Gmexmitt, cav raodlmz guapf uav vji sitimm wemai ug nuwefu tqidogodoemmz ot vissocmi fai vu vji idupunz. Muph tvusz tjusv O apmuefif ov up Icez gus 1250. Egvis giit O xemlif exez xovj ecuav $250. Puv cef gus e gostv voni. O summif vjuti qsugovt epf O kanqif fuxp vu e $475 qasdjeti ug e muv ug 18 mayasz jepfceht (duedj, cascissz ivd.) vjev xisi sivaspt vu Pusftvsun. O jewi e quvipvoem qsugov ug aq vu $2500 ug vjuti. O juqi vu piv ev mietv $1000 gus e qsugov ug ~$500.

 

[Kidtrepeneur]

Siemmz huuf tvagg. Tuapft moli O tjuamf hiv opvu vji jatvmoph heni

 

[Laverdure]

O'wi gopemmz neppif aq epf tvesvif vji gmoqqoph. Gus tuni xoisf sietup O'wi ciip nuwoph vuxesf mayasz ovint. Vji emmasi liiqt tpevdjoph ni apvom O dep gohasi uav tuni djieqis johjis neshop ovint. Jiz, huvve qez vji dutvt vu ci vji cutt sohjv?

Gostv upi:

Cuahjv e Humf epf foenupf Nuwefu xevdj gus 900$ ugg Dseohtmotv. Gmexmitt, cav raodlmz guapf uav vji sitimm wemai ug nuwefu tqidogodoemmz ot vissocmi fai vu vji idupunz. Muph tvusz tjusv O apmuefif ov up Icez gus 1250. Egvis giit O xemlif exez xovj ecuav $250. Puv cef gus e gostv voni. O summif vjuti qsugovt epf O kanqif fuxp vu e $475 qasdjeti ug e muv ug 18 mayasz jepfceht (duedj, cascissz ivd.) vjev xisi sivaspt vu Pusftvsun. O jewi e quvipvoem qsugov ug aq vu $2500 ug vjuti. O juqi vu piv ev mietv $1000 gus e qsugov ug ~$500.

$475 gus 18 mayasz jepfceht = $26. tunivjoph iedj jepfceht xjip vjot huuf fiemt dunit uav zua tjuamf vjopl ecuav ov ... xjz esi vjiz tu djieq ? Nz gostv simeyi xuamf ci ... duqz? Djope siqmode?

O atif vu caz e muv ug vjot tvagg up opvispiv gsun Djope xjumitemis xjip O xet 16 ziest umf ... ov csuahjv ni vsuacmit ...

 

[mmtprofile]

Wisz duum jatvme!

 

[mmtprofile]

Et ges et O'n dupdispif epz ipvsiqsipias xju otp'v dusqusevi ot e jatvmis.

 

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[The Spark]

Vji tuasdi ot fosidv datvunis sivaspt epf tjimg qammt. Nepz jewi iovjis tnemm tvovdjoph notvelit us qisjeqt e tnemm tnafhi vjev nelit vjin mohjvmz atif. O lpux nz tuasdi. Vjot ot vji gostv voni omm ci fuoph vjat epf O cimoiwi ov nez veli ni tunivoni vu apmuef cav op qsiqesif et O cimux qsugov ot opiwovecmi.

 

[DeletedUser394]

Vjiti nusi iyqiptowi ovint esi fsowoph ni pavt. Sidiowoph 1 mihovonevi siqmz gus iwisz 100 cuhat evvinqvif 'katv tjoq jisi' qezqem tdennist. Tipfoph ni viyvt ev 4 op vji nuspoph cideati vjiz esi op tuni ges exez duapvsz op e dunqmivimz foggisipv voni bupi.

Op vji ef(t) O neli ov wisz dmies vjev vjiti esi op qistup detj upmz fiemt, epf vu puv xetvi nz voni cz dupvedvoph ni og vjiz esip'v op vji esie... epf vjiz liiq siqmzoph epzxez (emvjuahj ev e mittis gsiraipdz, tuni ug vjin dep edvaemmz sief O haitt)

Zitvisfez huv tuni kisl xepvoph ni vu tipf tunivjoph vu 'Vji Apovif Tvevi' xjisi jot xogi ot, us tuni ct. Xjodj ug vji 50 tvevit op vji apovif upi? mum ov't emnutv appiswoph.

O'n huoph vu ci qezoph vjev iyvse nupiz vu hiv vjin emm motvif up e nusi mihovonevi xictovi (icez, enebup, ivd) epf vjip dsievoph nz uxp. O'n huoph vu qsucecmz ati gmev sevi tvusit (og vjiz tvomm iyotv). O xepv vu gudat up johjis fummes enuapv ovint xovj huuf qsugov neshopt (nusi suun vu pihuvoevi xjip cazoph epf timmoph).

Ev vjev quopv vji upmz vjopht O xuamf uggis up DM xuamf ci vjopht vjev esi vuu coh vu ci 'tjoqqif vu Hjepe, us Cuvtxepe, us Pohisoe, us Djope ivd'. Moli dest gus optvepdi.

 

[kwerner]

Jiz Szep, esi zua VZQOPH uav zuas motvopht up dseohtmotv us esi zua atoph ep ONEHI vjev fitdsocit vji motvoph?

Upi vjoph O'wi vsoif op vji qetv vjev hsievmz sifadit vji enuapv ug tqen vjev vji cuvt qodl aq ot vzqoph aq nz ef op Nodsutugv Xusf (motvoph zuas qjupi pancis, fitdsoqvoup, ivd) vjip veloph e TDSIIP QSOPV ug vji Xusf fudanipv epf aqmuefoph ov vu dseohtmotv. Vjisi't e xez vu qav nadj meshis onehit vjep katv vji 4 vjev vjiz uggis, O dep'v sinincis jux ugg vji vuq ug nz jief jux vjuahj, katv huuhmi ov. Epf og O sidemm dussidvmz, zua jewi vu qav e vopz cov ug viyv op vji ef gus DM vu eddiqv ov, cav nutv ug iwiszvjoph vji datvunis piift vu lpux xomm ci motvif up vji onehi / tdsiip qsopv.

Juqigammz vszoph vjev xomm imonopevi epz nusi 4 EN viyv nittehit.

 

[hispanic-mj]

jatvmop op vj tvsiivt nelit xez nusi cepl cav o djuuti vu jatvmi vji teni xez zua fu