Flip This, Get That
Reading time: 2 – 4 minutes
Flip This, Get That is probably the oldest Hustle technique in the book. When I was young in the Hustle I used to buy a car, paint it and throw in a sheepskin seat cover and make 500 of the resale. Now each state has a law stating how many cars you can do this with in a year, but it’s a quick money maker. Since the housing bubble you have been seeing people put their Hustle skills to work on a major level but most didn’t get out the game and are Suckers now.
Flip anything and I mean anything. If you can get a pair of jeans cheaper than most people flip those on the streets for a bit more. My preteen Hustle was slanging candy out of my pockets. I used to pick it up wholesale, sale it at about a 20 cent profit and keep doing it over and over and over. I then moved on to selling microwave hot burritos that I picked up at the wholesale place for about 4 bucks for 20 to 30 of them and selling them for a buck a piece to the people in my neighborhood.
This is the basis of all your Hustles is finding the source of how you can BUY LOW & SELL HIGH. You have to get this technique mastered as it forms the basis of being in the mode to see new Hustles. The game is the same no matter what item you are trying to push. Most people think there is really a difference in buying bubble gum and buying a house but truth be told the pattern is the same. The action is the most important part not what the product actually is.
All business and I mean all business are over charging you for their service. There would not be a profit if they didn’t buy it for cheaper than they sell it. There would not be the service if they weren’t able to make a living by it. So instead of revising your resume to say you were the head baton twirler back in band camp get on out there and find a way to buy low and sell high. It all starts with you looking for what you would like to sell and creating the means to get people to pay more than what you bought it for.
Bottom Line: All Hustles and all Business are doing this same process. So don’t make the mistake of thinking you have to learn something new to sell something different. Buy Low Sell High!
Have a good weekend and see you Monday with the next PODCAST called The Cycle!
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This just took me back to when I was in elementary school. I used to buy packs of Now & Later’s from the corner store for $.10 and sell it to those suburban white kids for a $1. Since they didn’t have corner stores, they had no idea about penny candy. So these little fools would literally fight to pay me $1 for something I just bought for 1/10th of that. Like you said, it’s the same ole hustle; I’m just playing with much bigger packs of “Now & Laters” these days. Like that condo I sold in Orange County. Wow, that was a big ass pack of Now & Laters!
@Carl – Man everyone has some little hustle they were doing as a kid. Selling pencils, candy, bootleg Cd’s, hooking people up on discounts at their job. All of them are hustles in which the pattern could be applied to anything else.
Somehow people disconnect the simple money making pattern of their youth from their grown up hustle. It’s like they are going to seminar to learn all this stuff again when they already have the basic understanding. This is one of the bars that stop people because they think the new hustle is way different from anything they did in the past. Most successful people say I can sell anything and that’s because they realize the same rules apply no matter what the product is.