Quote:
Originally Posted by Dien Rice
Thanks Gordon,
This is an amazing post... 
What many people don't realize is that there is potentially BIG money in this area... But you need big capital too, to make the big profits. Fortunately, it is an area where you can start relatively small, and grow... ( The Chattel Report essentially reveals the basic process, though for simple second-hand products... The process is the same when you go to pallets...)
As Gordon says, you need two things - you need to know where you can buy, and you need to know who you can sell to. Who to sell to is probably the most important part, though knowing where you can buy cheap is also critical...!
Some people find good sources, and won't reveal them even on pain of death. So, knowing a good source can sometimes be very valuable information...
(Believe it or not, not everything's on the 'net!)
Best wishes,
Dien |
It is as much WHO you know as the supply/demand. I like what you did Dien, the whole truckload of product BUT, it comes down to networks, or having buyers.
There is a guy a half mile away who buys and sells heavy equipment, I've written about him before. His profit from one big Cat or land mover, could be as much or more than a truckload of product which has to be sold over time at retail.
He makes ONE sale of ONE item and profits into the tens of thousands of dollars. As for big PROFITS on high risk (cause you don't know if they will arrive on time, if they can be sold, what events could effect them)...if people just stayed with everyday mundane items that people are always buying, and just went up the GROWTH plan as written about in the Sprint to Freedom...
they could get to a higher profit level at a much lower risk.
AND, at the big dollar levels of, for example:
http://www.machinerytrader.com/listi...013-deere-460e
At over 300k, it could have a lot of profit and or a FINDER'S FEE built in.
So, then it becomes a connection business, maybe a district in China needs something like this and there is a Jim Straw type of opportunity with an Option to buy contract for very little money out of pocket.
I don't think one needs deep pockets, just the right CONNECTIONS, when performing Finder Fee type deals. Not much risk at all.
There is so much opportunity, one has to take time to determine what he wants to do. Then, do it.
GordonJ