***Official Delete Thread*** (1 Viewer)

[[icon]]

Is this where we plan the Jihads?

PPROXY PAV

 

[Psychopav]

Is this where we plan the Jihads?

PPROXY PAV

Link is broken.

 

[Henry Ford]

I was very confused when I saw this thread on the front page and it said I had posted in it.

 

[Henry Ford]

I'm a lawyer, so I'm not good at math. If you make 2% on a transaction and sales tax is 8%, how long do you live with your parents once the relevant tax authority finds out?

 

[belljr]

keeping the audit trail , ty

 

[Psychopav]

 

[Fennis]

 

[Leeroy Jenkins]

I also ran an Online Cell Phone business for awhile. If anyone gave me $5,000 I could probably turn it into near double if you gave me the chance.

I had a great business model, just no seed money. I had too many orders, not enough inventory. Had to call it quits.

Another way to think of that is that you have had two businesses which failed so miserably to turn a profit that you're better off working for $8.25 an hour.

Not true, both were quite lucrative.

You prefer to make $8.25 an hour?

$8.25 is guaranteed money and I was only able to afford both businesses because I was living at home.What happens when I don't make enough for rent and can afford EVEN LESS inventory? It would become a vicious cycle if that was my only income.

But you still live at home.

Exactly,

If I had $10,000 sitting in the bank. I'd find a dumb 1 bedroom apartment for $550 a month, put a deposit and 1st Month's rent down. I'd have $8,950 left. From there, I can scour and find phone deal after phone deal.

Like I said before, every $5,000 I spend is a guaranteed $100 back. So my rent is instantly lowered to $450 a month.

$450 a month = 45 phones at $10 profit per phone.

Phones in this range usually cost between $50 - 100 to acquire. I'd only need to acquire about 12 phones per week. If I get a phone in which I make $60 off of, then I only need to find 6 phones that week to make rent.

I think it's all very do-able, especially when you consider I can also purchase damaged phones, repair them, and sell them for modest profits as-well.

Whoa.

 

[Leeroy Jenkins]

Worse idea: invest $5000 to make $100 on flipping cell phones OR California hold'em?

 

[phrozen]

Congratulations this thread has been added to the FFA Master Index!

 

[phrozen]

Worse idea: invest $5000 to make $100 on flipping cell phones OR California hold'em?

at least with California hold'em you got a free honey ham with investment

 

[fatness]

The point of the cashback is the insurance it gives you:

If I buy five phones:

BUY: $100 SELL: $110

BUY: $120 SELL: $130

BUY: $100 SELL: $100

BUY: $75 SELL: $82

BUY: $90 SELL: $115

Total Spent= $385

Total Sold= $537

Profit= $152.00

Check your work.

 

[[icon]]

The point of the cashback is the insurance it gives you:

If I buy five phones:

BUY: $100 SELL: $110

BUY: $120 SELL: $130

BUY: $100 SELL: $100

BUY: $75 SELL: $82

BUY: $90 SELL: $115

Total Spent= $385

Total Sold= $537

Profit= $152.00

Check your work.

Dude. WTF. He made 10 bucks, 10 bucks, 7 bucks, and 25 bucks. Where's the problem?

 

[Henry Ford]

The point of the cashback is the insurance it gives you:

If I buy five phones:

BUY: $100 SELL: $110

BUY: $120 SELL: $130

BUY: $100 SELL: $100

BUY: $75 SELL: $82

BUY: $90 SELL: $115

Total Spent= $385

Total Sold= $537

Profit= $152.00

Check your work.

He's only off by $100

 

[fatness]

The point of the cashback is the insurance it gives you:

If I buy five phones:

BUY: $100 SELL: $110

BUY: $120 SELL: $130

BUY: $100 SELL: $100

BUY: $75 SELL: $82

BUY: $90 SELL: $115

Total Spent= $385

Total Sold= $537

Profit= $152.00

Check your work.

Dude. WTF. He made 10 bucks, 10 bucks, 7 bucks, and 25 bucks. Where's the problem?

Check your work.

 

[Henry Ford]

Eminence. WAIT!!!!

Don't go before telling us how to get an interest free credit card that gives cash back!

You make the payment in full so there's no interest. ####### moron. Really man, use your head.

You buy $500 worth of cell phones.

You sell the phones for $600.

You pay off the $500 on time and go on your merry way...

Maybe you can explain the math in the $152 profit above. Go slowly. I didn't major in accounting.

 

[GOB]

Eminence. WAIT!!!!

Don't go before telling us how to get an interest free credit card that gives cash back!

You make the payment in full so there's no interest. ####### moron. Really man, use your head.

You buy $500 worth of cell phones.

You sell the phones for $600.

You pay off the $500 on time and go on your merry way...

Maybe you can explain the math in the $152 profit above. Go slowly. I didn't major in accounting.

I must have forgotten to add one of the hundreds? Either way, not important. Makes it a $52 profit. That wasn't even pertininent to the example. I was trying to illustrate how the 2% cashback, in this instance $7.00 is gravy on top of the $52 profit.

Got a little Loosey Goosey with the numbers is all.

I, for one, am ready to invest. I only have one condition. We use Amex as much as possible. I'm saving up the points for a round trip to Cleveland.

Let's make hay!

 

[Henry Ford]

I think you should get your degree and hang out a shingle. "Loosey Goosey Accounting: we'll get it right the first time. Or we won't!"

 

[(HULK)]

There is no such thing as a sucessful business that doesn't add value.

Buying used phones at price X and selling them at price Y is not a system that adds value. It is arbitrage and exists only because of inefficiency of the market for used cell phones. You don't have near enough capital or time to properly exploit this, it would not be a wise business plan to pursue this.

However, if you can repair broken phones and then sell them, then you are indeed adding value. You should pursue this in your spare time. Find broken phones where you know you can sell it for double or triple what you paid once you've repaired it. Do this exclusively. If you get good at it, then maybe that turns into a business. Give it 3 months before you decide you're unhappy that is not a Fortune 500 company though.

 

[Doctor Detroit]

Getting close to time to pin this one.

 

[TheIronSheik]

You just spent 6 hours online arguing your postition, BTW. Do you know how much all of us get paid for doing that?

And that's why I'm talking to you guys, you don't talk to people less successful than you for good advice. You talk to the people who have been there, done that.

I tried to give you advice and you decided that you would rather call me a jagoff.

 

[Abraham]

There is no such thing as a sucessful business that doesn't add value.

Buying used phones at price X and selling them at price Y is not a system that adds value. It is arbitrage and exists only because of inefficiency of the market for used cell phones. You don't have near enough capital or time to properly exploit this, it would not be a wise business plan to pursue this.

However, if you can repair broken phones and then sell them, then you are indeed adding value. You should pursue this in your spare time. Find broken phones where you know you can sell it for double or triple what you paid once you've repaired it. Do this exclusively. If you get good at it, then maybe that turns into a business. Give it 3 months before you decide you're unhappy that is not a Fortune 500 company though.

Anyone interested in business should make sure they understand the concepts behind this post. Well done Hulk.

 

[TheIronSheik]

Do you think that the Affirmative Action laws had anything to do with your snubbing?

Of course he does. Why else would he feel the need to specific a black/woman got the job over him?

Wait. She was black? I just thought she was African. Like Charlize Theron.

 

[TheIronSheik]

This is going too fast. I want to know more about the LLC.

What do you mean you threw events? Can you be specific?

And give away trade secrets? Keep dreaming, buddy. I bet this guy spends his lunch hour working on new business ideas.

 

[TheIronSheik]

I didn't read 12 pages, only the first few posts before it went south. If you don't like it then look for another job even if it's the same pay rate. The fact that you pointed out she's AA makes me wonder why does that matter? She probably has experience being a shift super. At 3 mo you can't expect a promotion. 3 months in most companies means your probation is over and you are a real employee now. Just leave. A tip for you is life is too short. You change the things you can change and have to accept those that you can't or you will be unhappy. GL!

Oh, you missed out then. You really need to read this whole thing. It is comedy gold!

 

[TheIronSheik]

If I had $10,000 sitting in the bank. I'd find a dumb 1 bedroom apartment for $550 a month, put a deposit and 1st Month's rent down. I'd have $8,950 left. From there, I can scour and find phone deal after phone deal.

Spend the extra $25 bucks a month a get a smart one. Totes worth it!

 

[(HULK)]

If I had $10,000 sitting in the bank. I'd find a dumb 1 bedroom apartment for $550 a month, put a deposit and 1st Month's rent down. I'd have $8,950 left. From there, I can scour and find phone deal after phone deal.

Spend the extra $25 bucks a month a get a smart one. Totes worth it!

10,000

-550 deposit

-550 1st month's rent

---------

8,900

Perhaps accounting isn't the correct field for you son. Maybe you should go to the Primerica thread?

 

[SacramentoBob]

If I had $10,000 sitting in the bank. I'd find a dumb 1 bedroom apartment for $550 a month, put a deposit and 1st Month's rent down. I'd have $8,950 left. From there, I can scour and find phone deal after phone deal.

Spend the extra $25 bucks a month a get a smart one. Totes worth it!

10,000

-550 deposit

-550 1st month's rent

---------

8,900

Perhaps accounting isn't the correct field for you son. Maybe you should go to the Primerica thread?

This isn't about the math, it's about his proven system guaranteed to generate wealth.

 

[TheIronSheik]

Can we make sure this thread doesn't fall off the front page? I want to make sure Em sees it when he wakes up. This could easily make my Friday go by quite quickly.

TIA

 

[Otis]

What kinds of events did you throw?

 

[ntz08]

What kinds of events did you throw?

event

 

[TheIronSheik]

I assume he lives on the West Coast from his avatar. He should be up soon.

 

[phrozen]

If we gave Tipsy money so he could take a vacation after Katrina, I don't see why the FFA couldn't pony up some dough to help Em with his master plan. I mean who doesn't love a 1 - 2% ROI? :mansion:

 

[TheIronSheik]

If we gave Tipsy money so he could take a vacation after Katrina, I don't see why the FFA couldn't pony up some dough to help Em with his master plan. I mean who doesn't love a 1 - 2% ROI? :mansion:

I'll give him $50 for .25% of the company. But that's contingent on him getting 99 other FFA sharks to go in with me.

 

[Captain Quinoa]

Worse idea: invest $5000 to make $100 on flipping cell phones OR California hold'em?

Let's Poker thinks this is a terrible business plan.

 

[Captain Quinoa]

Sorry if this has already been mentioned. Have you tried placing tiny classified ads?

 

[Sarnoff]

Sorry if this has already been mentioned. Have you tried placing tiny classified ads?

MAKE MONEY FAST

Have thousands of people send

you $2 each in the mail. For

more information, order our

pamphlet with our proven,

secret formula. Send $2 to

PO BOX 11378, Boise ID.

 

[TheIronSheik]

I feel like a part of me has died without the presence of Em here today. :(

 

[ntz08]

Eminence, wait...

Come back and I'll waive the finders fee on this one.

 

[DocHolliday]

Em is probably stranded on the side of the road after his steal-of-a-deal Cutlass broke down.

 

[Fennis]

I miss the old Delete Thread, before it got popular.

 

[TheIronSheik]

Maybe he's pounding the pavement making himself a $10 profit on a $500 investment.

Either that or he's just pounding one off thinking about the pharmacy tech.

Probably the second one.

 

[bagger]

Worse idea: invest $5000 to make $100 on flipping cell phones OR California hold'em?

lolSad part is he is an accounting major.

 

[The Duff Man]

He either hasnt posted because he is actually doing this...or he has been beaten to the punch. Just saw a TV commercial for this site

http://www.gazelle.com/

 

[DrJ]

Hey eminence, how much do you know about weed? With medical getting the go ahead in Illinois there's a lot of opportunity here.

 

[Baloney Sandwich]

I think the phone business could really take off, as you mentioned te key is having enough capital to make it work. I saw this show called Shark Tank last night on TV where you can pitch your idea to 5 rich folks that will give you cash for a % of the business. You might want to get on the show if you can.

 

[sbonomo]

 

[Henry Ford]

Hey eminence, how much do you know about weed? With medical getting the go ahead in Illinois there's a lot of opportunity here.

Hell, yes. Every medical marijuana business is going to need a cell phone. He could get rich.

 

[Rick James]

.

 

[Psychopav]

Too soon to rename this thread "The Poor Man's GMTAN"?