Step Thirty Two to a Fortune:
Stacking More Cassette Tapes for Cash
Tapes and even CD's are still selling even if they are selling for less.
I see a chance to sell several of these tapes in a combined effort to make and exceed my next target investment goal.
Step 32 in the master plan overview projects an investment of up to $15.84 seeking a return of $17.43 or more. I need a gain of more than $1.59 to keep on schedule. The tapes are selling for about that making a single sale difficult to reach the profit numbers I need. Easy solution is to group several of these together in a multiple auction. This way I should keep the investments down and the cash flow back at high enough levels to continue my plan. My objective is to make at least $1.59 cents in profits.
From $252.14 in reserves , I will invest up to $15.84 search of expanding my capital venture to 17.43 or more. Any profit over $1.59 will make me happy.
Starting capital $252.14
Planned investment risk $15.84
Investment receipt goal $17.43
I can limit my risk and increase my target goal by breaking my investment into smaller chunks.
After I complete one risk, I can take the next one. This way my total risk is minimized but my profit maximized.
I listed several Christmas Carol tape sets on ebay one at a time.
I sold three sets of tapes for $12.62 including the shipping costs.
I received $12.62 There was zero acquistion cost, but my other expenses were $8.94.
My gross profit was $3.66.
Ending gross capital (before deductions) $255.80
Can we meet a larger target by combining smaller investments.
Yes, we can meet larger targets by combining smaller investments. I didn't make my gross sell target, but I exceeded my profit target.
What did I learn from this deal? We can controll the size of our risks by buying and selling several smaller things, one at a time. If we wait for the first items to sell and pay, we can limit our risk to the amount of investment used for each individual component deal.
I started with $252.14 in capital. I risked a little on each of the smaller deals. I was prepared to risk as much as much as $15.44seeking $17.43. After the sale before tax and charitable deductions I had $255.80
35% of $3.66 = $1.28 leaves $2.38
10% for contribution from $2.38 reduces it by $.24 leaving $2.14 net
I now have $254.28 for investment and surplus to keep our enterprise going.