- Myth to Legend
- Posts
- Trading On the Marketplace, NOT WITH STOCKS
Trading On the Marketplace, NOT WITH STOCKS
Digital Bazaar
Ever like the idea of going to a marketplace to just simply peruse the wares of random merchants? That is now digitally possible, because Facebook has the marketplace on their platform. People may think who still use facebook or META, but apparently facebook is constantly adapting, after failing their metaverse, there are still other departments making things work. The marketplace is used by other people, it provides the convenience of selling a product you no longer use online for free. You may wonder, how is this free? Facebook right now make majority of their money from advertising, not the virtual reality platform they were working on that plummeted their stocks. If you look at their stocks right now it’s priced at 500 dollars, an impressive leap from their 2022 blunder.
I’ve taken on this route to sell my old computer parts that i’ve hoarded. The parts I have were almost a decade old, but for some reason their is a demand for it, even though PC parts depreciate like milk. Having the platform be free was enticing, otherwise I wouldn’t even bother with selling things just for a smidgeon of dollar.
Flipping
People are also deliberately buying items from marketplace, goodwill, and storage units to turn up a profit through marketplace. Although I suggest you do it as a side hustle a woman name Valentina Zapata turned it into her full-time job, and built a business out of it. She went on to make 500 thousand a month after establishing her business.
Now I don’t have recommendations what to sell, people typically sell TI calculators because students are still using graphing calculators today.
Another thing to worry for are scammers, they have the ill intent of making you send them a product, and “pay later” because they are writing for their next paycheck. Usually it’s something silly you can figure out with your common sense.
Another group of marketplace users that annoys me are lowballs and even panhandlers. Back in college I was reselling my textbooks to recuperate the lost I suffered from a scam I was too ignorant to acknowledge. While selling my education materials as a broke boy I have panhandlers pestering me for my goods, at 20% of my asking price that was already discounted down to 40 percent, so they are essentially paying for 8 percent of the original price. Every time an incident like this happens I get offended for 2 reason, one being that a absolute stranger successfully wasted my time, and two this guy I was being nice to thinks I have a shoe size IQ.
All in all I wish you best in your flipping journey, or you can profit off of your hoarding addiction.
Reply