Buying Wholesale Goods - How Do I Double $1,000?
When you have a limited initial investment to make, it's important to focus on seeing returns as quickly as possible.
This will allow you to turn your profits around and reinvest them, thus maximizing your income potential.
When I'm asked, "How do I double $1,000?" one of my best pieces of advice is to buy wholesale goods.
The key to doubling your initial $1,000 investment is to buy items that you can sell for double what you paid for them.
Obviously you'll need to focus on buying wholesale goods to accomplish this goal.
There are a myriad of products you can buy that you can double, but when starting with a $1,000 investment you'll want to focus on cheaper products and that is the point of wholesale pricing.
Some might ask, why wouldn't you just invest the entire $1,000 into one product you can sell for $2,000? If you can find a product like that, more power to you.
But the reality is that you'll usually be able to get cheaper prices the more of an item you can buy.
For example, if you're buying 100 pencils you'll probably pay 10 cents a piece for them.
If you're able to buy 10,000 at once, you can often get those pencils for a few pennies a piece.
Pencils are merely an example, when you're looking for a product you'll want to find something that interests you and is in high demand.
If you focus on these types of products, you'll be able to buy wholesale goods that can double your initial $1,000 investment.
This will allow you to turn your profits around and reinvest them, thus maximizing your income potential.
When I'm asked, "How do I double $1,000?" one of my best pieces of advice is to buy wholesale goods.
The key to doubling your initial $1,000 investment is to buy items that you can sell for double what you paid for them.
Obviously you'll need to focus on buying wholesale goods to accomplish this goal.
There are a myriad of products you can buy that you can double, but when starting with a $1,000 investment you'll want to focus on cheaper products and that is the point of wholesale pricing.
Some might ask, why wouldn't you just invest the entire $1,000 into one product you can sell for $2,000? If you can find a product like that, more power to you.
But the reality is that you'll usually be able to get cheaper prices the more of an item you can buy.
For example, if you're buying 100 pencils you'll probably pay 10 cents a piece for them.
If you're able to buy 10,000 at once, you can often get those pencils for a few pennies a piece.
Pencils are merely an example, when you're looking for a product you'll want to find something that interests you and is in high demand.
If you focus on these types of products, you'll be able to buy wholesale goods that can double your initial $1,000 investment.
