TheRichSolutionsBlog

I remember watching this show a year ago. Is it still on?

Jaa

I am hoping there are other coin collectors here in the Pacific Northwest who share my passion!!!

Here is a search engine.

I read something about getting wealth from nothing. Not a business or a job but wealth building.

The idea that you can bulk buy something and sell it individually ( for a small profit ) and then use the money to bulk buy something else etc etc. And you keep going and you accumulate wealth.

Like you bulk buy some coffee and make individual bags and sell them. Is this a good way to make money and does it work ? Has anybody tried it and if so what are great things to bulk buy.

I realise that this question is all about money but please don’t reply with any spam ok ? ( or is that too much to ask ?)

Yes you can but you have to find a way to avoid competition with the big boys or else your margins will be too thin or you could get wiped out. Of course you know that there is no reward without risk but avoiding the obvious risks is a good start!

One way to avoid competition would be to do this in a place where money is scarce - like in Russia the first year after the collapse of the Soviet Union.

Another way to avoid competition is to have a niche business where you offer a highly specialised service that other people don’t want to do but for which there is demand. Take a look at eBay where you will see thousands of people doing this. I have been able to find spare parts for 50 year old pieces of equipment that way.

However, your posting is about wealth building. It is very hard to get rich this way because you also need an income. The cost of running your business and the time you spend on it will eat into your profits. The reason why Russia was such a goldmine is that there was no cash in the economy and the banks did not lend so that the market was open to anyone who already had a few pounds or dollars. I don’t think the eBay seller who had parts for my loudspeaker is going to get rich. He is probably just covering his costs.

I read something about getting wealth from nothing. Not a business or a job but wealth building.

The idea that you can bulk buy something and sell it individually ( for a small profit ) and then use the money to bulk buy something else etc etc. And you keep going and you accumulate wealth.

Like you bulk buy some coffee and make individual bags and sell them. Is this a good way to make money and does it work ? Has anybody tried it and if so what are great things to bulk buy.

I realise that this question is all about money but please don’t reply with any spam ok ? ( or is that too much to ask ?)

Thats how everybody else does it, tesco, discount stores, etc. It does work as I do it on a very small scale selling dog products it earns me £100 a month roughly but u need to find out what sells and what doesnt.