Maya Ranger
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Posted - 2011.07.16 22:47:00 -
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Edited by: Maya Ranger on 16/07/2011 22:54:07 Monday.
Start with the smallest things.... you begin to feel the market.
Move onto more profitable items, begin to experiment with fast moving items then move onto very low volume very high profit margin items, dont rush, and DONT RISK BIG until you feel confident, this is the part where most so badly fail, that's a fact.
When you really get a taste of how nasty and extreme the competition will get sometimes, only then will you really know if countless hoards of resellers fighting for, not even profit but... just to pull out most of their money before their losses grow even larger...
After you go through the WHOLE roller coaster, and believe me YOU WILL (if you stick around long enough), only then, you must look into your pocket book and see if you make a profit and if the profit is justified for the time you spent.
If you still want to continue after a loss, then congrats, you just went through hell and back and now your back swinging, by now you learned all the nasty tricks the survivors have learned and used on you and now your going to use the 50% of whatever you have left and use those same tricks on them.
Now your fighting an uphill battle, they know its another merchant comming to take yet another cut of "Their" profits and they dont want another merchant. They will gange up on you and pull out every single trick they have under their sleeve's...
Now you probably dont have much more money at this point, but you still fight on, you managed to somehow hange in there and figure something out that but a handful of others have figured out, now your capital is growing, you know with that first 300 million you can embed yourself into the market and you already know exactly what you want.
Thats my story, now, into my 3rd month more then 100 hours invested, I have a few billion and im tearing those same guys to..., taking for-myself, what the greedy would not share.
Good luck.
(Edit) Its not all bad thought, you will make friends along the way, some will help you, A Russian guy saw a new guy comming and he helped me, nothing but numbers at a form of communication, it was no accident.
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