Sunday, April 15, 2012

Another Tip Regarding Purchases and Reselling

I realized that I am willing to pay more for an item I intend to keep for myself or give as a gift than for an item I intend to resell.  This makes sense as a way to minimize my risk.  An item for myself or another has a guaranteed use, meaning my investment is worth it, assuming I'm getting a decent deal.  Resale items are riskier.  If the item doesn't sell as I anticipate, then I am both out the money and I am stuck with an item for which I have no use.

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