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| *Ostroff, Fair and Company>>>Investing |
What is a something I can make or buy for $1 and then sell for $2? |
What is a something I can make or buy for $1 and then sell for $2? keychains. Buy stocks from a company at 1$ Wait Sell when they rise to 2$ You need a business license to buy and sell. But, yes, there are thousands of things. anything, if you are a good enough salesman. The trick is to convince people that they need/want what you are selling. Candy- buy it at a whole sale place, you will pay like 12 cents a unit then turn around and sell it for 50 cents. Works really good at schools. There are a lot more "make for $1, sell for $2" opportunities than "buy for $1, sell for $2". You should be able to get away with doubling the purchase price only if something prevents your buyer from going to your source and getting the same $1 deal. Convenience strikes me as one possible factor. If you own a vending machine concession, you can probably sell your wares at a huge markup simply because your buyers have no alternative - they either buy from you, or go without and wait until they can make a trip to store. It's easy to double the price of something if you are adding value by buying raw materials and producing finished goods. An example would be a skilled craftsman who buys a block of wood and carves it into a soaring eagle. Buyers are paying not just for the wood, but for all the time and skill that went into producing the eagle. There's a lady on Ebay who makes small 5" kites that actually fly. The materials have to cost less than $0.50, and she sells them in groups of three for $5. Not bad, huh? |
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