Sage advice from 37 Signals' Jason Fried on how to get good at making money through low-risk iteration and practice:
So here's a great way to practice making money: Buy and sell the same thing over and over on Craigslist or eBay. Seriously.
How to Make Money in 6 Easy Steps
Go buy something on Craigslist or eBay. Find something that's a bit of a commodity, so you know there's always plenty of supply and demand. An iPod is a good test. Buy it, and then immediately resell it. Then buy it again. Each time, try selling it for more than you paid for it. See how far you can push it. See how much profit you can make off 10 transactions.
Start tweaking the headline. Then start fiddling with the product description. Vary the photographs. Take some pictures of the thing for sale; use other photos with other items, or people, in them. Shoot really high-quality shots, and also post crappy ones from your cell-phone camera. Try every variation you can think of.
I love doing this, because there's no real risk involved. If you already have a business, you don't need to dream up a new product line or rock the boat with crazy experiments. If you don't have a business, it's a perfect way to work on your chops.
Google expected to be punished by the European Union for anticompetitive shenanigans, but it didn’t expect a slap this hard: €2.42 billion, the largest fine on record. The company says it “respectfully disagrees” with both the ruling and the amount and may appeal. The commission believes it has struck a blow for consumers and for […]
The owners of Toronto’s “Trump Hotel” just spent a reported $6M to get out of its deal with Trump and cleanse their property of his hated name; they will probably rebrand it as a “St Regis” hotel instead.
Verizon’s using its purchase of Yahoo for more than undermining the fight for net neutrality: it’s also using its new acquisitions to make anti-competitive moves against its telcoms rivals, deploying the users of Flickr and Tumblr as hostages.
Despite the upfront cost, electric toothbrushes are much better at removing plaque than those freebies from the dentist’s office. For those who struggle to fill the American Dental Association’s recommended two minutes of brushing time, or anyone with limited dexterity, a sonic toothbrush can give your oral care routine a boost.To keep your chops healthy […]
Learning a new language will give your resume an upgrade, sure, but it will also provide a huge cognitive boost for mental tasks outside of translation and conversation. Bilingual brains have been shown to be better at handling multiple concurrent tasks, and gaining fluency in a new tongue is an amazing way to improve memory, […]
If you struggle to get a good night’s rest, consider replacing your pillows before dropping hundreds on a new mattress. You can give your tired neck a break with a 2-pack of memory foam pillows, available now in the Boing Boing Store.Each of these pillows is stuffed with cooling polyurethane foam that molds to your […]