Why am I writing this? Well I got into this and checked out the videos on YouTube. There are a lot of them and it can be too much. So much it gave me a temporary case of ADD. Clothing, electronics, video games, glassware, LEGOs, VCRs, printers, coffee makers, puzzles, and every other form of low hanging fruit.
Basically my mind was in a free for all. I was going after everything. Now I have all this stuff and crossed the line between reseller and horder. Time to refine my game and FOCUS.
Here is my plan:
- 30% Retail Arbitage. Why so low? It bores me. Scanning is just no fun to me.
- 10% Books. Why so low? Same as above. Will scan for cash.
- 55% used Amazon and eBay items. Used is my bag. It is like a treasure hunt and never boring. I don't need "quick flip" or "turn and burn" type sales. Yeah I want income and profit but it does not rule my life.
- 5% take a chance, gamble on a item
- Figure out 5-10 fields I will specialize in. Stop the free for all and FOCUS on certain items.
- No longer than a 7 day period from buy to list. Preferably buy and list the same day.
- Need to pay off some high interest debt.
- Need to fix my house and sell it.
- Need to propose to my girlfriend. She deserves better than me but I am going for it!!