How to be rich from trading?
I did a trading experiment once. I started with nothing but a Michael Jackson CD. My goal to was To barter the cd and keep bartering until I could not extract any further value. After “injecting” my Michael Jackson cd into my new venture….I started……I was 15 years old.
The first person I wanted to swap my cd with was Hendrix from my school. He had a nice ocean pacific leather case which i knew was worth around $30. He had used it only two weeks and was in perfect condition. My michael Jackson cd cost me only $19.90. He was desperate for the cd coz he recently picked up MJ and was into his music….we traded. The whole idea of any form of trade is to make sure he walks away feeling like he made a KILLING deal and i have to walk away KNOWING i made a profit from the deal.-
Now I had a leather ocean pacific leather case. Took me around two weeks but I found a mutually agreeable trader who wanted to get rid of his bicycle. It was two years old and cost him $150. I had assembly knowledge of bikes and new how to strip or add new brakes and pedals. He saw my leather case and immediately agreed to swap. He also had matching ocean pacific wallets and a card holder.
I was now in possession of an excellent conditioned bike. It wasn’t long before someone offered to swap me for a whole stack of old comics for it. I wanted to see the comics and he allowed me to browse through it. I noted it was a whole stack of marvel comics from the 1970s. Many of them were first edition. First edition comics alone were priceless. I counted 15 good conditioned comics in zip logs (protective layer to prevent yellowing) that were first editions and many were second and thirds…..we traded. I was grinning knowing this was setting me way forward in my goals exponentially. When my friend caught my smirking he asked why i was so happy....i told him that i loved Super-boyd.
This was where I broke my rule. I sold off all first editions for money. $50-150 each and I still had the second editions and thirds which I sold at $10-15 each. The other fellow who sold me these comics had no idea of its value and he walked away thinking he made an excellent exchange. I on the other hand within three weeks have sold off all the comics and had in my hand $2750 in cash.
This was when I used my $2750 to do a little business. I placed an advertisement for pretty girls to join my business which I offered $8 an hour or triple what Macdonalds paid. I needed them for a weekend for 10 hours each. I interviewed and selected 3 girls which I felt were the best for what is to come. Each girl would earn $80 a day or $160 for the duration of the weekend.
I gathered four friends and threw a lot of cleaning and car waxing materials into buckets and we went to HDB hub at Toa Payoh carpark. The girls Job were to walk up to every car that Parked and asked if they wanted to wash for $8 dollars, wax and wash for $18 or polish for $90.
For each car washed I paid my boys $1 each, wax was $3 each and the mother lode Polish I paid them $7 each. By the end of the day we had washed, waxed and polished 350 cars.
It was tiring. I had made $1800 in profits after paying off the boys and girls. Remember this was only the first day. Sunday was tomorrow and we aimed to make even more with more than $200 per boy they told me if this was a full time job they would be making $6,000 a month each. More than any grad.
Sunday we made just a bit more and my profits was $1960. The boys and girls felt I was an excellent business organizer and I felt it was an excellent task.
Contributed by Caesar
The Singapore Review