Pimp My Hundred Bucks - Part Twenty Two
Over the past few weeks my efforts to turn $100 into $500 have reminded me of my child hood, specifically the times when I played “let’s see how high I can build a tower before it falls over” with my building blocks. Somewhere along the line you learn as a kid that no matter how careful you are, no matter how skilled you are and no matter how much you wish you were the Knight Rider, no amount of anything can make standard blocks go higher than where you got them last time because the laws of physics were against you. Time to switch to lego. Applied to this enterprise I realize that I went overboard on the purchasing of new stock, my tower got too big and began to topple over. Last week I even lost money as the combination of purchasing new stock, success fees, relisting fees and the general overhead of it all got the better of me. So I’ve adopted a new strategy – limit my listings to the highest number of books I can possibly list before I start to lose money and stop buying new ...