- Joined
- Nov 2, 2009
- Messages
- 212
Rep Bank
$580
$580
User Power: 50%
LOOKS LIKE IT'S A CHALLENGE! WHO'S IN??? READ BELOW!
Fastlaners! I'm back! Been gone for a little while (deployed) but I'm back and with vengeance.
Here is the plan. I have an incredible invention idea that I need a substantial amount of start-up funds in order to build a few prototypes. Here is my plan:
I am going to take $100, and scan my local craigslist for a really good bargain (or two). By the item/s, and then turn around and sell it/them for a quick profit. Because I know cars, car parts, furniture items, and some sporting goods, that is where I will focus my efforts.
With that profit, I'll by another one or two items that are a great bargain and re-sell.
This is mainly just for the fun of it, as I'll be saving on the side to buy the items for my prototypes, but I figured it would be cool to track how you can inflate $100 into more and in what type of time frame. So, here we go.
Each day I'll update as to what I am buying/selling and what my profits are at.
Guidelines/Rules I will go by:
#1 - Only possess one or two items at a time, I'm not trying to become a hoarder. lol
#2 - Only utilize my local chapter of craigslist
#3 - Only use original $100 plus any profits for purchasing further items. (so if I buy a couch for $100 and sell it for $150, then I must use the $150 for the next purchase and no more)
#4 - Only sell what I bought (no grabbing stuff from my garage to sell for more profits to make it seem that I am making more.)
#5 - If the item needs to be cleaned/repaired and you can do it yourself you can, HOWEVER any money used to repair/refurbish it must be from the original $100 and any profits, and MUST BE DONE BY YOU
Stay tuned!
Fastlaners! I'm back! Been gone for a little while (deployed) but I'm back and with vengeance.
Here is the plan. I have an incredible invention idea that I need a substantial amount of start-up funds in order to build a few prototypes. Here is my plan:
I am going to take $100, and scan my local craigslist for a really good bargain (or two). By the item/s, and then turn around and sell it/them for a quick profit. Because I know cars, car parts, furniture items, and some sporting goods, that is where I will focus my efforts.
With that profit, I'll by another one or two items that are a great bargain and re-sell.
This is mainly just for the fun of it, as I'll be saving on the side to buy the items for my prototypes, but I figured it would be cool to track how you can inflate $100 into more and in what type of time frame. So, here we go.
Each day I'll update as to what I am buying/selling and what my profits are at.
Guidelines/Rules I will go by:
#1 - Only possess one or two items at a time, I'm not trying to become a hoarder. lol
#2 - Only utilize my local chapter of craigslist
#3 - Only use original $100 plus any profits for purchasing further items. (so if I buy a couch for $100 and sell it for $150, then I must use the $150 for the next purchase and no more)
#4 - Only sell what I bought (no grabbing stuff from my garage to sell for more profits to make it seem that I am making more.)
#5 - If the item needs to be cleaned/repaired and you can do it yourself you can, HOWEVER any money used to repair/refurbish it must be from the original $100 and any profits, and MUST BE DONE BY YOU
Stay tuned!
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uv pidittesomz e qisdipvehi, katv et nadj et quttocmi. O atif vjot et e haofi: $100 us mitt: fuacmi vji nupiz. $500 us nusi, 50% up e 7-fez vasp sevi. 
