How to Get Good at Making Money

Re:How to Get Good at Making Money by HeyLaughingBoy on Thursday March 14, 2013 @02:28PM (#5376772)

The value can be as simple as they couldn't get it for any less. For example, if the wholesale price of an item is $1.50 at 10,000 units, someone who only needs one may happily pay $7.50 since the alternative is coming up with $15,000

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Re:How to Get Good at Making Money by shurcooL on Thursday March 14, 2013 @07:28PM (#5378281)

But the author gives example of reselling iPods. I'm not aware of discounted wholesale pricing on iPods, so how would you make a profit without ripping people off (i.e. selling over Apple's price)?

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Re:How to Get Good at Making Money by 1123581321 on Thursday March 14, 2013 @08:31PM (#5378532)

There is wholesale pricing on Apple devices. How else could a store make money on them? Stores don't buy stock directly from Apple; they buy through an authorized distributor.

P.S. In case it wasn't clear to you, Apple devices cost the same from anywhere. That makes them a good example here.

Here's $329 for a mini at Apple.com: http://store.apple.com/us/buy/home/shop_ipad/family/ipad_min...

And here's the same price at Walmart.com: http://store.apple.com/us/buy/home/shop_ipad/family/ipad_min...

Walmart makes a profit because they bought the mini at a wholesale price from an Apple distributor.

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Re:How to Get Good at Making Money by callmeed on Friday March 15, 2013 @01:43AM (#5379366)

If a phone/tablet/game console is new and sold out locally, what's wrong with selling some at a markup? (Especially at Christmas time)

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