I built a profitable business with a $100 budget

Re:I built a profitable business with a $100 budget by danpalmer on Tuesday March 21, 2017 @02:09PM (#13924654)

The question is: could you take the $100 to a wholesale distributor, buy a bunch of cheap things, and then go and sell them at a market stall for more than $400. My guess is yes, especially if you have 16 days of selling to make your $400. That operation would scale about as well, possibly better, than the one described in the blog post. This idea ignores the pay for labour, but so does the blog post.

[ Parent | on HN ]

Re:I built a profitable business with a $100 budget by iliketosleep on Tuesday March 21, 2017 @02:16PM (#13924711)

I tried buying goods wholesale and selling at a market stall :) Failed dismally and lost money :( Need to have the right personality. The guys who were natural extroverts and spoke with a booming voice got most of the sales. It's the same in this blog post. He's a marketing guy and very tactful. He's good with people. Most other people who tried his "business" idea probably wouldn't get a single sale. So for the average person, it's even worse than what you suggest.

[ Parent | on HN ]

Re:I built a profitable business with a $100 budget by wfunction on Tuesday March 21, 2017 @03:05PM (#13925181)

Did you fail at the buying end or the selling end? (i.e. did you have to pay a higher price compared to these people, or were you unable to sell at a high price compared to these people?)

[ Parent | on HN ]

Re:I built a profitable business with a $100 budget by iliketosleep on Tuesday March 21, 2017 @11:45PM (#13928317)

I failed at the selling end. I just wasn't able to attract people to come to my stall. The aggressive sellers got most of the customers.

[ Parent | on HN ]

Re:I built a profitable business with a $100 budget by tomcam on Wednesday March 22, 2017 @01:06AM (#13928597)

I love the fact that you gave it a shot. Most people don't get nearly that far. It's much better experience than most college classes.

[ Parent | on HN ]

Re:I built a profitable business with a $100 budget by iliketosleep on Wednesday March 22, 2017 @02:59PM (#13933683)

Yeah I think the difference is that in college you can keep your hands clean. But REAL business involves a lot of hustling, stuff that can only been seen and learned in the real world.

[ Parent | on HN ]

Re:I built a profitable business with a $100 budget by viperchill on Tuesday March 21, 2017 @02:23PM (#13924773)

I have no idea. Please try it and let me know.

Happy to pay for your costs, Dan. Will be following your updates.

[ Parent | on HN ]