Someday soon I'll start a real progress thread. But for now this is inspired (ripped-off?) from @RichKid's thread about buying and selling on craigslist. I was reading that thread when I was visiting my mom about a month ago and it inspired me to sell a bass amp I had stashed away at her house from years ago. I posted it on craigslist and didn't get too much play on it. One guy responded and he was kind of flaky, we settled on a price and then he wasn't sure if he had the money and then he had the money but he wanted to talk to his band and finally a couple of weeks after I was visiting he called up again saying he wanted to buy the amp so he stopped by her house, gave her cash and took away the amp.
Yesterday in the mail I got an envelope with the money from the amp concealed in it (it's not really a good idea to mail a hundred dollar bill, this is a tip that maybe isn't covered elsewhere on this forum).
So I've got a hundred dollars (woo-hoo, rich!) and I want to see what I can do with that money.
I'm giving myself till Labor Day weekend. The goal is to have at least $12,800 by then (doubling it seven times in roughly 14 weeks).
My limitations right now are (just putting them out there so when I succeed maybe it will inspire someone else who has some of these to see that it's possible):
6/5 - $200
6/19 - $400
7/3 - $800
7/17 - $1600
7/31 - $3200
8/14 - $6400
8/28 - $12,800
Next week I'll be attending an event where most of the heavy hitters in my niche will be attending. That's going to be the 'official' start of my real action, so this is just a bit of a fun game which maybe if everything goes well I'll have no time to actually play in a week from now.
First Update: Just got an email to pick up my first item Saturday morning.
Yesterday in the mail I got an envelope with the money from the amp concealed in it (it's not really a good idea to mail a hundred dollar bill, this is a tip that maybe isn't covered elsewhere on this forum).
So I've got a hundred dollars (woo-hoo, rich!) and I want to see what I can do with that money.
I'm giving myself till Labor Day weekend. The goal is to have at least $12,800 by then (doubling it seven times in roughly 14 weeks).
My limitations right now are (just putting them out there so when I succeed maybe it will inspire someone else who has some of these to see that it's possible):
- I'm working a full-time slow-lane job plus trying to spend most of my free time taking other action.
- I live in a tiny studio apartment, so I probably won't be trying to buy anything in bulk to then break up and sell.
- I live in NYC and rely on public transportation, so anything I pick up locally to buy needs to be easy to carry.
- Previous to the start of this I have never once tried to haggle with anyone over a price of anything.
- I'm also only using the hundred dollars I started with. An amount that I think just about anyone can come up with to get started on. This will force me to start small and scale up as the experiment goes on.
6/5 - $200
6/19 - $400
7/3 - $800
7/17 - $1600
7/31 - $3200
8/14 - $6400
8/28 - $12,800
Next week I'll be attending an event where most of the heavy hitters in my niche will be attending. That's going to be the 'official' start of my real action, so this is just a bit of a fun game which maybe if everything goes well I'll have no time to actually play in a week from now.
First Update: Just got an email to pick up my first item Saturday morning.
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