How to get rich - part 3: The new marketplace.

This is part three of the “How to get rich” series. The title is actually a little deceptive. The purpose with these articles is despite the name, not to give you a quick all-in one solution, but to change the tought patterns inside you. And make you realize, that working 9-5 is not the only alternative. That said, I don’t want to encourage you to go and quit you day job just yet. Wait at least until you have found out what work for you, and what doesn’t. Lets get started.

I have this friend, he is a greengrocer, and he is always joking around. One day, we were talking about business, and he was joking as usual, and told me, that I should join the greencrocer business.I’ve told him that I didn’t know anything about greengrocering or vegetables and fruit by the way.He laughed and said some very obvious yet very intelligent words; “All you have to do, is buy some bananas for $1 and sell them for $2”… That makes sense right, and its very true.

But this is, at level one anyway, active income. You actually have to be in the store or the marketplace yourself. At least until you’ll get someone working for you.To learn more about active and passive incomes, please read this article.

Websites like eBay make very easy to buy low and sell high. You could actually buy something very cheap, and then resell it on an internet auction, and if the products are popular enough, the prices will rise as you sleep, literally speaking.
If you spend a couple of hours surfing on eBay and similar sites, you’ll find, that a small percentage of the traders in there, are very serious, they have a lot of auctions going on at the same time and their products are very popular.
Of course, eBay is not the only way, but it will save you a lot of effort getting traffic to your site.The traffic is already there…This is not meant to be a guide on how to use eBay, since you are reading this, I assume that you are a fairly intelligent person, and you’ll figure out how it works.

What to sell:
Actually you could sell anything. If it has value for you, it will have value for others also.Take a look in the basement, the garage or anywhere you store all of your…well junk. And then experiment with selling, at least you’ll get rid of some of that old stuff you’ve been hanging on to for decades. When you are ready, take this process to the next level.
The next level is to buy stuff, with the intention of resale in mind. From here this is actually up to you how far you want to take this.
If you are good at carpeting, and just want this as an hobby to start with, go to local garage sales, find furniture there is in need of a loving touch, repair and resell.If you want to go big, then contact some of the big Asian companies, who specializes in shipping new technology abroad. The possibilities are unlimited.

There is nothing new to all of this. We have been doing this since the stone age, where we traded a nice club for a piece of fresh meat, and later on started to use nice stones for value markers. Now we are talking about dollars, but the principles are the same.

I’ll ask to to leave a comment if you find this reading interesting or have any questions. I’ll also request that you take a quick look at the ads in the sidebar, and should you find any of them interesting, please click it, since this is what keeps this blog alive.

Bye for now…