Sunday, August 14, 2016

FOCUS, FOCUS, FOCUS!

So as the title says FOCUS!.  What do I mean by this?  Figure out what you are interested in and excites you and go for it.

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
How am I going to get there?
  • 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.
So why am I doing this?
  • 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!!
So there it is.  FOCUS, FOCUS, FOCUS.  Do not spread yourself too thin.  Make time for your business and personal life.  Both are very important.  FOCUS on your family and relationships.  Without those two you have an empty life.

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