By Larry chiang
Arbitrage. Arbitrage is selling high and buying low. In that order. The general population has it wrong. People who didn’t study engineering have it verrrrrry wrong
Owning inventory is so yester-decade. Anyone telling you to buy something AND THEN sell it is a dinosaur or/and you are getting mentored by an Econ major when you are an engineer.
You first sell it.
Then you buy it.
Let me repeat… first you sell it. Then you purchase it.
Amy Morin calls this #dropShipping
This is a Braun power cord in Austin Texas in my room
Braun Power Cord. #puInternship1bpc.
Selling on eBay a very specific power cord, teaches the counterintuitive truth of emotional connection to a high quality German shaver that alpha males have. And the corollary high price alphas are willing to pay.
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Asse9 Austin Secret (@asse9) |
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@AmyMorinLCSW @jaltucher Braun Power Cord Pop Up Internship 1 (bpc). #puInternship1bpc. It teaches the counterintuitive truth of emotional connection to a high quality German shaver. And the corollary high price. pic.twitter.com/dp8cBuR442 |
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People lose their power cord but their Braun shaver manufactured 1992-2005 still functions great. Thus, they’re willing to pay $50-$150 per power cord. Old people don’t google very well so you can drop ship them a $100-$150 power cord that we purchase for $19-25 bucks.
People travel to Europe or Asian and their power cord gets burnt out because of incorrect voltage. Their shaver manufactured 1992-2005 needs a Braun power cord. Thus, shaver owners are willing to pay $50-$150 per power cord.
Old people do NOT google very well so you can drop ship them a $100-$150 power cord that we purchase for $19-25 bucks.
Power cord compatibility gets complex because there are 100+ models of shaver and about 4-5 different power cords.
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