Whether I like to admit it or not I’ve made mistakes and I’m guessing you have too. Sometimes the money at the end of the light can sever your good judgment. This article is to help you put it all back into perspective when the greed overcomes your senses. I’m going to try and speak from my experiences and what I’ve learned so far.
From selling online items in Diablo 2, making how to make money cds, selling on Ebay, and making websites money spoke. Even in my younger days just selling items in Diablo 2 I let greed blindsight my good judgement. I decided on purchasing bulk of 100 stone of jordans at the time which was approximately $1000(at 13 years old it was a hefty sum). After the purchase I was scammed with a stolen credit card and never recovered funds(Thanks Paypal!). I knew there were risks in buying and selling online items but in my younger days I didn’t know better.
Lesson learned: Take it one step at a time. It would have probably been safe if I bought and sold low quantities but to try and make the big bucks I took bad risks.
Everything you see sold on Ebay is not necessarily legal. Just because there is a guy selling it doesn’t mean its alright for you to sell it too. I’ve learned that the hard way. Looking for a solution manual for one of my classes I stumbled my way onto Ebay(gasps! Yes I know, I know). I managed to find many solution manuals and it looked very profitable at the time. So I did some research purchased several manuals and began to sell. Business was great, every few hours we logged a few sales and money was rolling in. What happened? Well lets just say there are copywrite laws in selling solutions and publishers aren’t very fond of Ebay sellers. After some scary lawyer phone calls and emails we had a hard lesson learned.
Lession Learned: Just because someone else is doing it doesn’t mean you should too. Quite obvious right? Lets hope it is for you.
These are just a few things I could think of off the top of my head, and I’ll share them when more pop in. But for now I’ll leave you with this:
1.) Research - Always research what you are getting yourself into. Never let a clause in terms or money blind sight your better judgment. Is it really worth the risks? Could this quick buck bite me in the ass later?
2.) Plan - Throughly plan out your investment/business venture. Take your time and comb through all the fine details. Without a plan your venture is starting half shot down. There will be things that take you by surprised but the more prepared you are the easier it is.
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