Not everyone has this amount of money. In fact, very few people have the possibility of investing 10,000 to 100,000 euros. The title is a bit confusing since “starting over” does not quite fit with these amounts. Since I started the first part yesterday with that title, for the sake of simplicity I will leave it as is.
I think I’ve said this before. I like buying more than selling. I don’t think that’s necessarily a good thing if you’re in the resale business. But hey, nobody’s perfect.
What to do with 10,000 euros?
Here I give you two options. The first option would be to generate short-term income. With 10,000 euros you can dedicate yourself to buying and selling. You buy products that are on sale and then resell them at a higher price. It is quite common, although few companies like it. Right now I am working with a perfumery client. 30% of their annual turnover was this type of purchase until they decided to stop it. With this I can tell you that you are not alone.
My field of expertise is toys and their uk whatsapp number data purchase and sale. This is where I have the best control over the buying and selling sites.
How to invest that amount of money?
Having an account on Ebay and Wallapop is good for its calculation depends on many reselling, but you will get the best prices and margins with Amazon.
Also for this second option you will need an Amazon account for best performance.
Investing the 10,000 in Lego on about 10 different sets. We as a company have reached the point where we perceive it as “too easy to be legal”. It is 100% legal, in case that way of speaking raises any doubts. Here you simply buy at the last minute before it leaves the Lego catalogue and in a matter of 6-12 months you resell it with an ROI of 50% or more.
And how would you spend 100,000 euros?
I would even say easier. Although “easy” is relative.
I would invest that money in the purchase of one or better fans data yet several apartments. If you ask for bank loans and depending on the area you can buy 3-4 properties.
As a company, we now own about five flats, if I’ve done the math correctly. We have also acquired the premises/office in which we work, so we save on rent (a premises of >600 m2 that cost us 100k).
We only shop in one specific town because I’ve lived there and I know all the streets. I know where to shop and where not to. I know what’s a good price and what’s not.