Buy Low, Sell Low!
Friday, March 19, 2010

"Buy low, sell high," is a common saying, but buying low and selling low often makes more sense. Selling low means selling fast, and avoiding carrying costs and opportunity costs. By leaving profit on the table for the next buyer, selling low creates repeat business. If you were to make only $10,000 on each transaction, and transact ten times a year, you would have $100,000 in profit! (Not a bad start.)