basilmarket merch guide

8/16/2019 Basilmarket Merch Guide

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SilentTM's Ultimate Merchanting Guide: How To Be ATrillionare

EDITED: 10/13/2014 - Added another chapter "The Why Of Price"

Table Of Contents:

Introd!ctionDenitionWhat #o!$%% &eed'e(e% Of In(et)ent*hapter 1: What +ind of in(etor are yo!,*hapter 2: The type of in(etin and their indi(id!a% .!a%itie*hapter 3: o do I !re o!t price,*hapter 4: The Why Of Price*hapter : What perona% trait can I app%y to in(etin that i%% oot )y

ain,*hapter : Pat ethod of erchantin5 %on one ith hope to ret!rn6*hapter 7: ora% Deate: 8!yin o9 hac+er/d!per, Are e A'' !i%ty,*onc%!ion

ntroduction:

e%%o e(eryone6 I rea%%y don$t +no hat inpired )e to )a+e thi !ide5 !tif it he%p5 then ood6 I$(e on%y e(er ritten a !ide in )y !i%d 88 !t thiI i%% rite for anyone and e(eryone ho ant to +no )y ecret6 I on$t

te%% yo! a%% of )y ecret5 hat$ the f!n in that, I i%% not e te%%in yo! hate;act ite) to !y6 I i%% not e te%%in yo! hat price to !y it for6 It$ yo!r


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thi !ide5 I ha(e >?T ret!rned fro) a one-year iat! fro) ap%etory6 Iha(en$t had a chance to !pdate )ye%f ith hat$ ne in the ap%etoryEcono)y5 o o)e of )y e;a)p%e )ay e o!t dated and A# O= A# &OTti%% app%y no5 !t the *O&*EPT re)ain the a)e6 o5 are yo! ready,

@ii(e a )an a h and yo! feed hi) for a dayB teach a )an to h and yo!feed hi) for a %ifeti)e@/i

!e"nitions:

#rice #otential: At the c!rrent econo)y %e(e%5 the hihet potentia% pricethat a pecic ite) can e o%d for6 In other ord5 the hihet any idioto!%d pay6

Asset $alue: The tota% a)o!nt of )eo that yo! are orth5 inc%!din a%%ite) in yo!r poeion6

n%esting: The proce of p%acin yo!r c!rrency into an ite) or er(ice inthe hope of a f!t!re prot ret!rn6

Ca&ital: A)o!nt of p!re )eo readi%y a(ai%a%e to yo! for !e of in(etin5not inc%!din c!rrency in the for) of ite)5 etc6

ncome#ro"t: a%e price - price paid6 Or the ret!rn a)o!nt recei(ed fro)p!rchae of an in(et)ent and the a%e of that in(et)ent6

(hat )ou'll need:

-A per)it or a )!hie dependin on yo!r %e(e% of )erchantin C?p to yo! to!re ho to et one-o)e ti)e-A rain-A ca%c!%ator )aye,

*e%els Of n%estment: CP%eae don$t ta+e thi in o9ence6 I$) on%y !in theter) "%e(e%" to e%aorate on the di9erent in(etin tier yo! can or+ ith6I$) not ahin the poor in any ay6 Ca%o5 don$t ta+e )y )eo a)o!nt!re into f!%% conideration5 yo! are free to tet the ater ith a%%

a)o!nt and a%% %e(e%6 I$)

*e%el + ,The -ewborn.: 1 i%%ion - 100 i%%ion Aet a%!e6

At thi tae yo!$re are%y !r(eyin the or%d aro!nd yo!5 not rea%%y+noin here to ein6 #o!$re a ay not e(en a%e to a%+6 #o! don$t +noe;act%y hat to !e yo!r feet for !t yo! e;peri)ent and %o%y %earn a yo!


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ro6

*e%el / ,The Toddler.: 100 i%%ion - 1 8i%%ion Aet a%!e6

At thi tae yo!$(e tarted cra%in and are%y a%+in !t yo! ha(en$t yet

ad

*e%el 0 ,The 1iddo.: 1 8i%%ion - 10 8i%%ion Aet a%!e6

After o)e ti)e ith tria% and error5 yo!$(e na%%y reached the point oftai%ity6 #o!$(e na%%y ean to pace5 !t i it too )!ch to print, #o!$retartin to e fa)i%iar ith yo!r feet5 yo! +no hat it$ capa%e of5 yo!+no hat it ant to do5 here yo! ant to o6 #o!$re

ho to et there6 8!t at the a)e ti)e yo!$re condent in yo!r ai%itie6 #o!tare don the or%d ith a)itio! eye and ein to )o(e .!ic+5 !t not.!ic+ eno!h6

*e%el 2 ,The 3oung Man.: 10 8i%%ion - 0 8i%%ion Aet a%!e6

After ti)e and ti)e aain5 pacin and pacin5 yo!$(e na%%y tarted printin6 #o!$re %a!hin at yo!r !cce5 iddy ith hyteria6 #o!$re printin a 100)eter dah for the rt ti)e5 yo!$re a%)ot to the nih %ine666 and then yo!fa%%6 #o! tho!ht yo! co!%d do it5 yo! tho!ht yo! ere the )an6 8!t yo!$reti%% a oy6 #o!$(e ti%% ot %ot to %earn6 o yo! et !p and yo! r!n that dah

aain6 #o! r!n it5 and r!n it5 and yo! pa it6 Thi i the na% tep efore thec%i)a;6 The )arathon6

*e%el 4 ,The Man.: 0 8i%%ion - 1 Tri%%ion Aet a%!e6

&o666 &o i yo!r )o)ent to hine6 #o!$(e one thro!h co!nt%e tria%and error5 yo!r face i hardened and ro!hened ith tr!%e6 #o!$(e eenthe %oet of the %o and the hihet of the hih6 #o!$(e ran co!nt%e)i%e5 yo!$(e fa%%en one too )any6 8!t yo! didn$t i(e !p6 #o!$re at the pea+of yo!r !cce5 !t there$ ti%% one f!rther tep yo! )!t ta+e6 The na%)arathon5 the !%ti)ate tet of end!rance5 patience5 and peritence6 #o!re

at the tartin %ine666 there are )any contetant aro!nd yo!666 a%% co)petinfor the a)e priFe6 #o!$re eatin !t the race ha not e!n6 #o! %oo+ atthe +y5 the ird ee) to )o(e in ea!tif!% !nion5 the +y i !ne%ie(a%y%!e6 Thi i the day that yo!$(e een conditionin yo!re%f for a%% thi ti)e6 The tarter ca%% yo! a%% to attention5 hi !n in hand6 e anno!nce ther!%e5 !t yo! pay no )ind6 #o! a%ready +no the)6 #o!$(e app%ied theer!%e yo!r entire career5 yo! ha(e the) i)p%anted in yo!r head6 The tarterraie hi !n5 eat trin+%in don hi forehead5 hi eye orin into yo!6


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3666 2666 1666 8ein6 #o! r!n5 and yo! don$t top6

CDon$t a+ I ot carried aay

Cha&ter One: (hat 5ind of in%estor are )ou6

One of the aic idea that yo! )!t dico(er ao!t )erchantin i hat+ind of in(etor do yo! ant to e, What +ind of )erchant do yo! ant toe, A I$(e )entioned efore there are di9erent (ariation to )erchantinthat yo! )ay app%y6 #o! aren$t retricted to one6 Dependin on yo!r aet(a%!e5 yo! can chooe one5 or yo! can chooe a%%6 ere are o)e of thedi9erent type of )erchantin that e ha(e in o!r )ar+et today6 C8efore eein I$d %i+e to note that I i%% e rea+in don the %ayer eteen(ariation of )erchantin y the %e(e% of aet (a%!e in the ne;t chapter6 Thi i on%y a !))ary

7li&8Merchanting C%e(e% 1-2G: The proce of !yin an ite) for enera%%y%oer than it$ )ar+et (a%!e5 and Hippin it for a hiher price for a .!ic+ toe)i .!ic+ ret!rn6 Entrance or r!n-thro!h 1-226 Ctho!h noaday eha(e that one eite

*ong8Term n%estment C'e(e% 3G: A %on ter) in(et)ent i the proceof !yin an ite) in hope or prediction of an increae in (a%!e o(er a %onperiod of ti)e6

Mono&oli9ation C'e(e% 4G : onopo%iFation i in a ay a for) of oth Hip-

)erchantin5 and %on-ter) in(etin6 It i the proce of o%e%y onin the)ar+et of a pecic ite)5 in hope of raiin the (a%!e yo!re%f6

Multi8!imensional Merchanting CAd(anced5 'e(e% G At %eat: anypeop%e are retricted to the idea that )erchantin on%y ta+e p%ace in-a)e5in one direction6 8!t in rea%ity5 the oppoite i tr!e6 In order to tr!%y )aterthe art of )erchantin yo! need to !ti%iFe the H!ct!ation of ratio not on%y in-a)e !t o!t of a)e a e%%5 and ta+e ad(antae of rea%%ocation of aet6eo are not a (a%!e in and of ite%f5 it$ (a%!e i fore(er tied to the (a%!e ofo!r rea% %ife c!rrency6 Wi%% dic! a 8IT )ore %ater6

E;tra:

Craft8Merchanting C'e(e% 1G: The proce of !yin recipe andinredient5 craftin the deired ite) and ree%%in for a prot6

o thee are o)e of the )ain type of )erchantin yo! can app%y andco)ine ith yo!r on )ethod of tradin in the )ar+et6 &o5 %et$ rea+ itdon e(en f!rther6


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Cha&ter /: The T)&es of Merchanting Their ndi%idual;ualities

Thee are (e di9erent type of )erchantin !ed to !i%d ea%th in a)e6Each ha(e their on indi(id!a% .!a%itie5 pro and con6 P%eae +eep in )indthat there are )!ch )ore ay that yo! can !i%d ea%th5 !t I$) on%ydic!in o)e of the type of I&ETI&J6 I i%% not e ta%+in ao!tfar)in/cro%%in/an(i%in/oin/anythin of that ort6 8!t5 it$ !p to yo! topic+ yo!r poion6 'et$ ein6

7*#8M


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*e%el +. The -ewBorn

1 i%%ion - 100 i%%ion Aet a%!e

At thee %e(e% there$ not rea%%y )!ch that yo! can do to +ic+-tart yo!r in-

a)e Hippin6 o yo!$%% ha(e to tart )a%% o(io!%y6 An idea% ite) that yo!co!%d )erchant o!%d e cro%%6

&o666 yo! can tand in the entrance and pa) "8L MM cro%% for NNN" a%% dayif yo!$d %i+e !t thi o(io!%y i a ti)e +i%%er5 and not a e9ecti(e6 8y the endof the day yo! )iht on%y co)e o!t / 20 or o cro%% dependin on thecro%% that yo!$re foc!in on6 Aain5 yo! don$t ha(e to foc! on on%y onecro%%5 !t o)e cro%% are )ore in de)and than other6 cro%% for attac+ forintance5 are de)anded in enera%6 o yo! )ay ant to +eep )ore of yo!rcro%% aet in thoe6 Aain5 it$ entire%y !p to yo!r preference6

Another ite) that yo! can %oo+ for are %oer tier e.!ip)ent6 ot peop%eare !nder the a!)ption that "oo peop%e on%y ant od%y 200 t!f o+ !noo noody ant !r


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e in the a)e6 erch hate(er yo! nd orthhi%e6 e%%5 it can e(en e etcite)6 8e creati(e6

*e%el /. The Toddler

100 i%%ion - 1 8i%%ion Aet a%!e

After o)e ti)e )erchantin ith %e(e% 1 ite)5 yo!$re no reachin ahiher aet (a%!ation6 #o!$re %e retricted than yo! ere efore5 !t ti%%not .!ite there yet6 #o!$re ti%% a todd%er6 #o! ha(e o)e ay to o6 At thee%e(e% yo! )ay )o(e o!t of the %oer tier ite) and tart foc!in on hihertier e.!ip)ent C!t not that hih and a%o hiher de)anded ?E ite)!ch a )ore hih rade cro%% and ne!%ite5 et cetera6 The a)e )ethodapp%ie here5 yo! can tic+ to hat yo! +no or yo! can e;pand yo!r horiFona it6 tart )o(in onto !nfa)i%iar territory5 and ta+e ri+6 Don$t e afraid tofai%6 #o! i%% on%y ro ier thro!h yo!r fai%!re6 At %e(e% 2 )erchantin5

yo! tart to eco)e )ore fa)i%iar ith price and the concept of)erchantin6 o it or+5 and hat or+ for yo!6 #o! tart eco)in )oreco)forta%e ith ri+in yo!r oh o (a%!ed )eo to )a+e )ore oh o (a%!ed)eo6

At thee %e(e% yo! can TI'' tand at the entrance and pa) thin !ch a"8L E.!ip)ent 8L cro%% 8L *hair 8L &e" etc5 !t a I$(e aid eforeI perona%%y ha(e a%ay fo!nd the -1-22 cannin/r!n thro!h a the)ot e9ecti(e )ethod of ndin ite) !nderpriced and ree%%in the) for ahiher one6 I$(e )ade i%%ion !yin and ree%%in in thi ay6

E.!ip)ent ha a%ay een idea% !t they typica%%y ta+e a it %oner than!e ite) to e%%6 *hair are a%o ti%% idea% !t they too ha(e the a)e e%%inti)e fra)e6 8!t yo!r patience and peritence can o!tro the ta%%et oftree6 'e(e% 2 )erchantin i aica%%y the a)e a 'e(e% 15 !t yo!r optiono(io!%y are )ore di(ere6 #o! can tic+ to the aic %e(e% 1 ite)5 or yo!can tart )o(in onto %e(e% 2 ite)6

?ni.!e e.!ip)ent ith on the) i a ood choice at thi (a%!e %e(e%6 Oftenti)e peop%e aren$t !re of the potentia% price of their ite) o they )i

de)anded eapon for yo!r tier %e(e%6 &ot e(eryone i rich and can a9ordod%y attac+ eapon5 o they tri(e toard the )ediocre one6 OW& that)ediocre )ar+et6 I re)e)er tartin !p year ao and ha(in )y on)ediocre )ar+et of e.!ip)ent5 and eapon6 I a aica%%y !yin andree%%in e)i-cro%%ed attac+/)6attac+ eapon and


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e%%6 I$(e atied the %oer c%a6 8!t then aain )y

*hair Cyet aain5 are a%o a ood ite) to )erchant at thi %e(e%6 Aain thea)e concept a %e(e% one5 !t yo!r choice and option are ider6 8eco)e

fa)i%iar ith )ore (a%!a%e and e;peni(e chair price5 ta+e ad(antae ofEE&T6 'ot of e(ent drop the price of certain ite) d!e to an increae in!pp%y in a hort period of ti)e6 We a%% +no ao!t "!pp%y R de)and"6?ti%iFe thi6 E(ent don$t co)e e(ery day6 8!y the) hi%e they$re cheap6 Thidoen$t on%y app%y to chair5 !t e(erythin e%e that co)e o!t d!rine(ent a e%%6 Jachapon5 etc6 I perona%%y o!%d prefer to %ean toarde.!ip)ent5 eapon5 and cro%% !t ood opp!rt!nitie do arrie for chairand co%%ecti%e ite) d!rin certain e(ent6 o !e yo!r on

*e%el 0. The 1iddo

1 8i%%ion - 10 8i%%ion Aet a%!e

o666 yo!$(e na%%y reached that point6 #o!$re na%%y a i%%ionaire6 #o!$(ereached yo!r rt )i%epoint5 !t there$ ti%% )ore to achie(e6 #o!$re note;act%y Ha%e5 noody i5 !t yo!$(e ot the aic ro!nd r!%e et foryo!re%f6 #o! ha(e yo!r on )ethod to %i(e y5 yo!r on techni.!eapp%ied6 &o5 yo!$re fa)i%iar ith Hippin ite) that ha(e een et at apretty cheap price5 yo!$re fa)i%iar ith e.!ip)ent5 eapon5 chair5 other)ice%%aneo! ite) that are de)anded6 What other option can yo! e;pand

to5 once yo! reach thee %e(e%, I thin+ e$(e reached the point here yo!ha(e eno!h net orth to ein )erchantin rea% od%ie6 Of co!re yo!on$t e a%e to )erch )any at a ti)e5 !t yo! can poi%y co)e o!t /!pard of 00G prot per ite) in thee tae6 At thi point the rate ofret!rn i )!ch .!ic+er than it a at %e(e% 15 ince yo!$re dea%in ith )ore)eo to ein ith6 To )a+e )oney o)eti)e yo! need )oney6

At thee tae5 it$ pretty o(io! that yo! can tic+ / hat yo! +no6 Thei)p%e %e(e% 1-2 tiered e.!ip)ent and !e ite) are ti%% ood to )erchantith6 Thoe dea% i%% a%ay e a(ai%a%e to yo!6 8!t once yo! a(e eno!h)eo5 yo! ho!%d denite%y tart reearchin od%y eapon and

e.!ip)ent6 Try to nd trada%e od%ie ith hih 5 or hih%y cro%%edattac+/)6at+ eapon !nderpriced6 At thi %e(e%5 ?&'E yo! nd a od%ythat$ e;tre)e%y !nderpriced5 I o!%dn$t reco))end )erchantin POQ$edite)5 d!e to the c!rrent hih &N ratio6 In the end it$ entire%y !p to yo! andho )!ch prot yo!$re co)forta%e ith )a+in6 It$ +ind of d!) a+in"ho!%d I !y it for N a)o!nt, To )a+e N a)o!nt," if yo! a%ready +no thepotentia% a%e price CI i%% e !in thi ter) often in thi !ide5 d!e to thecontant chane in ite) price5 eca!e yo! can rea%%y on%y aner that


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yo!re%f

Jod%y e.!ip are a )ain foc!5 !t yo! can a%o )o(e onto other hiherrade ite) a e%%6 ih &e!%ite5 ore (a%!a%e cro%%5 )ore (a%!a%echair666 the a)e r!%e app%y6 i!re o!t the c!rrent a(erae )ar+et price5!y %oer R e%% hiher6 Per)anent &N ite) are de)anded !t the !pp%y ioften ti)e Hooded d!rin their re%eae6 8!t +eep in )ind that the price forthee are typica%%y %o a thi occ!r5 and once the ite) i orn it can$t e

traded aain6 That ein aid5 once the e(ent i o(er5 prod!ction ceae toe;it5 and the !pp%y i%% on%y %oer and %oer Ca!)in no e;p%oit occ!r Rne;on doen$t recyc%e6 #o! ho!%d +no hat thi )ean6 o5 ta+ead(antae of thi6 Wi%% dic! )ore ao!t it in the 'on-Ter) In(etinchapter6 Qeep thi !p and efore yo! +no it5 yo!$%% reach that 10 i%%ion)ar+5 na%%y6

*e%el 2. The 3oung Man

10 8i%%ion - 0 8i%%ion Aet a%!e

o no5 yo!$(e hit the 10 i%%ion )ar+6 #et another )i%etone6 #o!$(e ronto e a .!ite dahin yo!n )an6 C'o% hy do I do thi Anyay6 It$ ti)e totart e;pandin e(en ?=TE=6 !rther, "o the he%% do I do that," #o!)ay e a+in6 &o it$ the ti)e to tart )o(in into the ear%y tae of%on-ter) in(etin6 &ot f!%%-on %on ter) in(etin5 !t it$ on%y in the a)ecateory eca!e of the .!antity that yo!$%% e ho%din in ter) of yo!r Hip-ite)6 It nat!ra%%y carrie yo! on into the %on-ter) in a ay6 P%eaere)e)er5 there are i)i%ar trait that yo!$%% nd eteen Hippin and %on-ter) in(etin6 8!t it$

#o!$%% e foc!in )ore or %e on the a)e cateorie5 the in de)andod%ie5 e.!ip)ent5 (a%!a%e chair Cor e(en


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+no it5 yo!$%% reach the point of 0 i%%ion )eo in aet (a%!e6 In thiperpecti(e5 yo!$re ho%din yo!r aet for a )!ch %oner ti)e5 therefore it$o)ehat conidered a %on ter) in(et)ent a e%%5 !t technica%%y yo!$reti%% Hippin that ite) in hope for a .!ic+ ret!rn6

At thee %e(e% 4 tae5 foc!in on %are .!antitie of pricier cro%% haa%ay yie%ded tron ret!rn for )e6 With hiher capita%5 yo!$re a%e toincreae yo!r prot-)arin6 There are ti)e hen yo!$%% e a%e to ndcro%% at !n!!a%%y %o price5 and the prot potentia% on thee in(et)entare end%e6 The a)e oe for od%y e.!ip)ent5 per)anent &N5 and chair6 #o! i%% a%ay nd opp!rt!nitie for Hip if yo! re!%ar%y can 1-226 It

anticipate thi5 and ta+e ad(antae of thi6 *ontin!e o and oon yo!$%% e a)an6 oon yo!$%% ipe yo!r are / i%%6

*e%el 4. The Man

0 8i%%ion - 1 Tri%%ion C*onnected / 'on-Ter) In(etin

o5 e$(e ro+e it don a it eteen the rt fo!r %e(e% of )erchantin6 There$ one )ore %e(e%5 ho )!ch f!rther can e o, What e;act%y can edo eyond the %e(e% 4 tae, 8eyond the 0 i%%ion point5 i there anythinthat e can do di9erent%y, Technica%%y5 no6 erchantin/tradin conit of

the a)e ro!tine o(er and o(er aain5 !t the )ethod y hich e)erchant chane ith the %e(e% that e reach6 o %et$ ta%+ ao!t %e(e% 6 The na% %e(e% of )erchantin6

#o!$(e na%%y hit a )aho!%d e a%e to reach 1 Tri%%ion5 ith patience and a)ition6

#o! are no in poeion of ton of cro%%5 a%% o!ht cheap fro) !pp%ierin the 1-226 Ton of od%ie that yo!$(e dico(ered !nderpriced5 hih e.!ip)ent5 hih rade ne!%ite5 hih attac+ eapon o%d to yo! for adecent price5 yo!$(e ot ear ein o9ered on orth G i%%ion each piece5hich yo! happened to !y for 4 i%%ion top6 8!t ho )!ch %oner do yo!need to do thi to reach 1 Tri%%ion, o )!ch patience can one ha(e,


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I$(e reached the 1 Tri%%ion point )any of ti)e5 !t )y it!ation i di9erentfro) yo!r6 I a not on%y Hip-)erchantin6 I a doin it a%%6 I acontant%y H!ct!atin )y aet eteen di9erent c!rrencie6 Thi i a)ethod +non a !%ti-Di)eniona% )erchantin6 Ta+in ad(antae of the

H!ct!ation eteen the (a%!e of eo and other e;terna% c!rrencie Cyo!+no hat they are6 8!t e i%% e)i-rea+ thi don in the f!t!re chapter5for )ore ad(anced )erchant6

or Hip )erchant a%one5 to reach thi point5 yo! )!t %on ter) in(et in acertain ay6 It i%% ta+e ae for yo! to nd that )any dea% to contant%y Hipyo!r ay to 1 Tri%%ion6 It i%% ta+e h!ndred5 e(en tho!and of !nderpricedod%ie5 !nderpriced cro%%5 !nderpriced chair5 !nderpriced ne!%ite5 and!nderpriced e.!ip)ent

therefore %oerin the price5 or e(en ti)e hen the a)o!nt of p%ayer idecreain d!e to choo%5 etc6666 o6 ha%% e ein,

*O-G8THooded into the )ar+et5 d!e to the a)o!nt of p%ayer participatin in thie(ent6 Thi can e any e(ent5 hether a hand o!t5 or achapon5 or etc6 'et$ay that efore thi e(ent5 at nor)a% )ar+et %e(e%5 the price of thi cro%%a 06 &OW5 after ein Hooded ith !ch a !pp%y5 and an !nchanedde)and5 the price of thi cro%% (ery .!ic+%y drop to 25 then 205 then 16 There are %itera%%y TO?A&D if not TE& of tho!and of thee cro%% inthe )ar+et no6 #o!5 yo!re%f5 are ittin on 0 i%%ion )eo in capita%6 #o!ha(e yo!r pic+ of od%ie5 ye yo! can pic+ that6 If yo! nd a decent!nderpriced od%y5 hy not, 8!t thee cro%%5 e$%% ca%% the) N cro%%$ pricecan on%y o !p CA!)in &e;on doe not )a+e )a


12/21

PE= &N5 i one e;a)p%e that I$(e a%ay en


13/21

contant%y att%e o!t the price and the ho%e point of )onopo%iFation die6In order to )onopo%iFe5 yo! o!%d need a (at a)o!nt of )eo ready to%o5 dependin on the ite)6 o do yo! pic+ hat ite) to )onopo%iFe,We%%5 an idea% ite) to )onopo%iFe are te)porari%y a(ai%a%e ite)5 ite) thatare Hooded C

e(ent5 ca!in %o price6 8!t not on%y do yo! ha(e to !y the) at %oprice5 yo! a%o ha(e to c%ear o!t A''/OT hop of thee ite) !p !nti% theend of the e(ent5 and e(en ATE= the e(ent i o(er6 That ay yo! tr!%y arethe o%e oner of that )ar+et6 Once thi happen5 and yo! !cceed5 ith nointerr!ption Cie6 &e;on re%eain another e(ent the ne;t fric+en ee+5 fore;a)p%e then yo! can et yo!r price hiher and hiher and hiher6 Onee;a)p%e )any of )y +in are aare of i )y on )onopo%iFation of Jo%dena))er 0$ in 20126 The price a o %o I fo!nd it !tter%y ridic!%o! thatno one atte)pted the a)e thin I did6 I o!ht )y ha))er for at %eat1 !pard to 706 I o%e%y oned the ha))er for a ood hi%e5 andre%eaed the) for 100-140 Cye I e(en o%d o)e for 1406 o did I

deter)ine thee price, *onte;t Price *onnectin6 I i%% dic! thi )ore inthe "*hapter 4: o do I !re o!t price,"6

That$ !t +eep that in )ind6

What e%e eide !e ite) can yo! )onopo%iFe, O(io!%y the ite) thate po+e of in the 'on-Ter) In(etin ection6 I on$t o too in detai%5 !tI$) !re yo!$%% !re it o!t on yo!r on6 8y denition )onopo%iFation canor+ ith anythin5 o)e

&o666 the na% for) of )erchantin that I$(e fo!nd the )ot e9ecti(e in )y(ie6 One that I a) !in riht no6 One that ha netted )e T=I''IO&6

MU*T8!M&o yo!$re proa%y ittin there5 tarin at thi pot %i+e ho i thi craFyon of a 8, Thi ain$t no ci- )o(ie / or) ho%e and hi6 8!t I a!re yo!5I a) not a +oo+6 any peop%e are !nder the )iconception that erchantinta+e p%ace in one direction on%y6 That i5 inide %oo+in o!tard6 8!t theyare ron6 Thi for) of )erchantin i not a(ai%a%e for the %oer %e(e% tier5d!e to the nat!re of it6 If yo! do not ha(e TO& and ton of either )eo or


14/21

other for) of "c!rrency"5 then yo! can +ip thi ection6 8!t thi !%ti-Di)eniona% )erchantin conit of rea%%ocation eteen di9erent T=EEdi9erent for) of c!rrencie6 Ta+in ad(antae of the H!ct!atin (a%!eeteen the)6 At certain ti)e5 eo are (a%!ed %oer6 At other ti)e &N i(a%!ed %oer6 There$ a third ratio that yo! )!t p!t into p%ace !t I i%% not

e ta%+in ao!t it d!e to the nat!re of it6 It$ yo!r E;tra:

&o e$(e one thro!h the )a


15/21

!e6

*onte;t Price *onnection i

a(ai%ai%ity of the) in the )ar+et6 8!t !nder nor)a% circ!)tance5 ho canyo! !e *onte;t Price *onnectin to nd the (a%!e of a Jo%den a))er,What yte) in ap%etory i trict%y et at certain (a%!e, Ite) in the *ahhop5 o(io!%y6 '!c+i%y for yo!5 a))er are a(ai%a%e a e%% in the *ahhop and are priced 46SQ &N6 Thi at the c!rrent ratio o!%d p%ace the) atao!t 300 i%%ion )eo orth in the cah hop6 &o !nder nor)a%circ!)tance Co!r c!rrent econo)y i not nor)a% circ!)tance IO5 I don$t+no hy &e;on i a%%oin a))er to e o eai%y otaina%e Ce(en if05 if they e;pect anyone to !y their &N a))er6 E(en I don$t ha(e acryta% a%%5 !t then aain &e;on i S00 a hare and a 400-i%%ion do%%ar)ar+et (a%!ed co)pany o I don$t e%ie(e that thi a9ect the) rea%%y thi

i(e yo! an !nder%yin (a%!e to a Jo%den a))er5 and it i(e yo! an ideato hat the price potentia% of thi Jo%den a))er )ay e6 CThat$ ho Ideter)ined the 100-140 price potentia% hen I )onopo%iFed the) ahi%eac+6

Qeep in )ind that *onte;t Price *onnection doe not on%y app%y to thin inthe *ah hop on%y5 !t it )ay app%y to

Another )ethod of deter)inin price i !in o!r ne K A%tho!h Iaree that i a (ery !ef!% too%5 there$ no denyin that5 I i)p%y a) o%d

choo% and ti%% e%ie(e that r!nnin thro!h the i e9ecti(e6 or+for thoe of yo! ho a%ready Q&OW hat yo! ant to %oo+ for5 !t I fee% it$%aFy and ine9ecti(e to Hip thro!h the pae a oppoed to )an!a%%y r!nninthro!h the 6 #o! can a%o !e to co)pare price in one or%d toprice in another or%d6 The econo)ie in oth or%d are i)i%ar in theene that they oth ha(e a et a)o!nt of p%ayer5 and )ot of the) antthe a)e thin6 The on%y )ain di9erence are666 e;p%oit in o)e or%d)ay not e a e(ere a e;p%oit in other5 and pop!%ation6 o)e e;p%oiter

Thee are o)e )ethod that yo! can !e to deter)ine price6 P*$ are coo%5!t yo! can$t re%y on the) fore(er6 It$ i)p%y %aFy and yo! are not a ay6=!n thro!h the 5 et a fee% of it6 oon yo! i%% ha(e it in yo!r head %i+ec%oc+or+6

CHA#T


16/21

o5 in the pre(io! chapter e dic!ed )ethod of I&DI&J the price of anite)6 We ta%+ed rieHy ao!t *onte;t Price *onnection5 and ho to (a!e%ydeter)ine the (a%!e of an ite)6 In thi chapter5 I ant to ta%+ ao!t hyprice are thi ay6 #o! )ay e a+in o)ethin %i+e5 "ey5 hat$ the

di9erence,"6 *hapter 3 ta%+ ao!t WAT5 hi%e thi *hapter i%% ta%+ ao!tW#6 Thi chapter i%% not on%y he%p yo! !re o!t hy an ite) i (a%!a%e5or hy the price i that ay5 !t it$%% a%o he%p yo! deter)ine price of thef!t!re6 What chanin factor i%% a9ect the price of an ite)/er(ice that yo!are hopin to in(et ith666 and o on6

o5 to tart o9 thi dic!ion I i%% tart y ayin that thi perpecti(eein a of epte)er 20146 y e;a)p%e !ed in thi chapter i%%reference the f!t!re a of thi date6 And eca!e of a dic!ion in theco))ent I had ith another ai% )e)er5 I fe%t it a i)portant to dic!and inc%!de thi chapter into )y !ide6

The i)p%et e;p%anation I can i(e to the W# of price5 a c%iche a ito!nd5 i !pp%y R De)and6 8!t that$ on%y the )ain for) of "hy" toprice6 'et$ ca%% !pp%y R de)and the "A%pha" of the W#6 I there a 8etafor) to the W# of price, #e6 There i6 8!t e$%% ta%+ ao!t that %ater6

A%pha

The )ain factor that e )!t p!t into p%ay i the de)and of a certain ite)Bho )!ch it$ yearned for5 ho (a%!a%e it i666

Another A%pha factor i the !pp%yB ho eai%y it$ otained5 ho )any are inthe )ar+et6!pp%y R de)and i the root of a%% (a%!e and it !) it a%% !p ith to i)p%eord6 That$ hy it$ !ed o often6 8!t ho )!ch can yo! act!a%%y interpretfro) thoe to ord, o eay i it to ay thee ord yet ti%% fee% %ot inthe rea%) of econo)ic, To he%p (i!a%iFe it5 e$%% !e an e;a)p%e of !pp%y Rde)and6 Qeep in )ind that e$re on%y oin to e ta%+in ao!t A%pha for)of the hy of Price6 P%eae are ith )e5 I i%% c%arify it %ater6

De)and: 'et$ ta+e for e;a)p%e a ?ni.!e Potentia% cro%%6 8efore e ein5e need to +no e;act%y hat the oa% of ap%etory i5 the oa% of it$

p%ayer6 What e$d a%o need to +no i hat e;act%y doe a ?ni.!ePotentia% cro%% do, I$) !re e a%% +no5 !t %et$


17/21

!pp%y: Another A%pha for) of the W# of price i !pp%y6 Thi one$

!pp%y R De)and U a%!e6

o if the de)and a hih !t there a a (ery %i)ited !pp%y in the or%d5the price o!%d e idded to rate hiher than !!a%6If the de)and a hih !t there a a )oderate !pp%y in the or%d5 theprice o!%d Hoat at decent rate6R If the de)and a hih !t there a a h!e !pp%y Hooded in the or%d5the price o!%d drop to !n!!a% %e(e%6

It rea%%y i an e.!i%iri!) in that ene5 hich %ead ! to the conc%!ion that

the ar+et i a%ay5 a%ay5 a%ay correct and it i a%ay chanineca!e it reHect the p!%ic5 the !pp%y5 and the de)and6 Peop%e ay the)ar+et doen$t )a+e ene5 I$) !i%ty of !in thi .!ote5 !t in rea%ity the)ar+et )a+e perfect ene in the E&E that it react e;act%y a e thepeop%e of the econo)y react toard the )ar+et6 O!r action and the)ar+et action are fore(er tied toether6

&o %et$ ta%+ ao!t another for) of the W# of price6 The 8eta6

8eta The 8eta or) of price i a factor that )!t e inc%!ded in yo!rin(et)ent deciion6 It$ an e;terna% force5 it$ re%ated to the (a%!e of

)eo6 &o yo!$re proa%y ittin there5 onderin hy the hec+ do )eoha(e anythin to do ith the (a%!e of an ITE that yo!$re p!rchainhether for con!)ption or in(etin other than it ein !ed to p!rchaethe ite) in the rt p%ace, We%%5 it ha a 'OT to do ith the ite) that yo!$rep!rchain6 ere$ hy:

eo ha(e an e;terna% (a%!e to the)5 or ha%% I ay5 an "!nder%yin" (a%!e6?nfort!nate%y there are ahe)666 )oney re%ation to )eo5 and thee factor)ay a9ect price of yo!r ite)5 )aye not no666 !t in the f!t!re perhap6 Idon$t ant to dic! too )!ch ao!t thi 8eta for) d!e to the nat!re of it5!t I i%% ay thi6 o)eti)e )eo are e;tre)e%y Hooded in re%ation to the

a)o!nt of p%ayer %eadin to a (ery hih !pp%y6 Thi in t!rn a9ect the (a%!eof the )eo and the attainai%ity of it6 And an e;a)p%e of ho thi re%ate toyo!r ite) o!%d e5 I e %i(ed in a or%d here )oney fe%% fro) tree5 andI )oney fe%% fro) tree at a !dden%y hiher rate on *hrit)a than on anyother day of the year666 ite) that yo! ant to !y d!rin *hrit)a o!%dnat!ra%%y o !p in price d!e to the nat!re of iddin and the nat!re of it$attainai%ity6 In other ord5 !pp%y R de)and6


18/21

o5 ne;t ti)e yo! ha(e a tareted in(et)ent5 p%eae !e thee factor to+eep in )ind hy the price are o5 hat )a+e yo! thin+ the (a%!e i%%increae5 and o on6

CHA#Tfriend yo! ha(e5 the etter6 Who the he%% need ene)ie, Why )!t yo! act!perior to other and i(e yo!re%f a rep!tation to e hated, tay h!)%eno )atter here yo! are in the tier6 It$%% )a+e a etter p%ace5 and noton%y 5 !t the rea% or%d a e%%6 P'?=6 Peace5 'o(e5 ?nity5 =epect6 Th;6

CHA#T


19/21

?nfort!nate%y for )e5 I ot aro!nd to T )erchantin a fe )onth eforethey c%oed it don5 !t in thoe fe )onth I netted a ood a)o!nt of &Nfor )ye%f6 The a)o!nt of Hip/in(etin opp!rt!nitie a(ai%a%e to yo! in thior%d of it$ on a enor)o!6 At the ti)e that c%ean rat )o!th ereorth 20QG &N yo! o!%d nd peop%e p%acin the) at 4-Q at ti)e6 And not

on%y that5 yo! ere not =ET=I*TED to on%y one or%d5 yo! had the WO'EJ'O8A' )ar+et a(ai%a%e to yo!6 That$ a )ar+et orth ten )i%%ion of&N ca%%in yo!r na)e6 I tr!%y )i T5 and I hope o)e day they$%% ret!rnith a yte) i)i%ar to it6

Wor%d Tranfer erchantin CI)port/E;port:

One of )y perona% fa(orite6 Wor%d Tranfer erchantin a the proce oftranferrin f!nd to another or%d5 a cheaper or%d5 in(etin yo!r f!nd inthat or%d5 and i)portin it ac+ to yo!r )ain or%d6 To do thi yo! had tond a or%d )ar+et that a o(io!%y at a cheaper %e(e% than yo!r6 At a

cot of 2Q &N per or%d ;fer5 yo! had to in(et .!ite a %are a)o!nt to eea ret!rn5 !t if yo! had %ot of capita% to do thi5 the ret!rn potentia% aE&O=O?6 Tho!h it a .!ite pop!%ar ac+ in the day5 %ot of other peop%eere doin it5 o the co)petition a hoti%e6 8!t in the end5 yo! o!%d ti%%ee a prot if yo! in(eted correct%y6

Thee are to of the )ain pat )ethod of )erchantin that I$(e !ed in thepat5 and are no %oner a(ai%a%e to !6 A yo! can ee there are o )anydi9erent and !ni.!e ay that yo! can )a+e a prot6 #o!

open door5 no )atter here yo! are6

Cha&ter : Moral !ebate: Bu)ing O Hac5ers!u&ers6 Are(e A** guilt)6

eh5 hat a contro(eria% topic6 8!t I co!%dn$t he%p )ye%f6 I ee peop%ear!in ao!t thi a%% the ti)e hene(er o)ethin f!n+y happen in the)ar+et6 "Oh !r !i%ty 4 !yin ! h!d e ant o+" "Oh !r !i%ty 4 )erchin !+ne it aF ha;ed %0% n!" P%eae5 p%eae5

not to!ch an ite) that a i%%eiti)ate%y prod!ced/otained5 eca!e inOE WA# direct and indirect5 e are A'' !i%ty6 #o! ee that 0 at+ cro%%riht there, #eah5 that cheap one that yo! fo!nd thro!h 5 the one yo!!ed on yo!r eapon the other day, #eah5 that a i%%eiti)ate%y otained6 #o! ee that eapon that yo! o!ht fro) that !y the other day, #eah5 thatone yo!$re earin riht no6 The one yo! paid for in )eo5 that yo!otained y oin5 %eit 1006 We%%5 that eapon a otained fro)o)eone ho !ed d!ped cro%% to reach that od %i+e tate6 #o! ee that


20/21

DA8= yo!$re earin, #eah5 e%% the recipe to that DA8= a d!ped and yo!are no earin it6 a ha ha ha ha %oer ! ho!%d e anned o+6 '0%0%0%6 ypoint i5 I do &OT !pport hac+er and d!per in any ay5 !t I ee the) aine(ita%e )e)er of the econo)y5 and a %on a i in(o%(ed5 there inothin that e or &e;on or the or%d can do ao!t it6 There i%% a%ay e

%oop ho%e5 and it o!%d e !tter%y !e%e to or+ yo!r ay aro!nd the)6 yother point i5 don$t tre yo!re%f tryin to ditin!ih too )!ch eteen%ac+ and hite5 eca!e .!ite fran+%y5 the or%d i a )ora% rey area5 andthat app%ie to ap%etory a e%%6 We are a%% in o)e ay !i%ty of"pro)otin" o to pea+5 hac+in y !yin and !in thin otainedthro!h hac+in5 or o)eone ho o!ht fro) o)eone ho otainedo)ethin fro) hac+in6 I a) not !pportin hac+er5 I$) i)p%y tatin thatthere$ nothin e can do ao!t the)6 I a) not denyin that I$(e p!rchaedite) that A# ha(e een e;p%oited5 !t I DO # 8ET TO AI&TAI& #=EP?TATIO& A A P'A#E= WO P=OOTE O&ET#5 'EJITIA*#5 A&DOT IPO=TA&T'# =EPE*T6 That$

aain5 to each hi on6666

CO-C*USO-

o there yo! ha(e it6 y )erchant !ide5 to a%% of yo! ap%er o!t there6 I

tr!%y hope that I$(e een of o)e aitance to thoe of yo! ho ant to et

tarted in erchantin6 ori(e )e for not oin too in depth ith price5

and hat to !y5 and hen to !y thin e;act%y5 !t I on%y anted to %ay o!t

the ro!nd or+ for each ection6 And I hope thi ro!nd or+ ena%e yo!

to de(e%op for yo!re%f yo!r on techni.!e and yo!r on co)fort ofin(etin6 Don$t i(e !p6 erchantin ho!%d e een a a hoy of yo!r5

o)ethin yo! %i(e for Cin a)e that i5 p%eae don$t %et ) e !r %ife o+ %0%5

o yeah6 I ant to )ention that if anyone ha any other tip p%eae fee% free

to dic! the) in the co))ent e%o6 We%%5 there yo! ha(e it6 y )erchin

!ide6 &o5 I$d %i+e to i(e credit to o)e of the nota%e )erchant that I

ha(e perona%%y itneed in )y or%d and or+ed ith and dic!ed thin

ith5 peop%e that deer(e reconition not on%y for their )erchantin ai%itie

!t a%o )ot i)portant%y their ido)6 Peop%e that I$(e enco!ntered acro

the year6 P%eae5 if I forot yo! don$t ta+e it o9eni(e%y6 I ent on a year-

%on (acation thi pat year and ha(e on%y recent%y ret!rned6 ere are the

reaon hy6

*herryTier: 8eca!e I$(e een friend ith thi !y for a %on ti)e and I$(e

atched hi) prore o(er the year fro) a i)p%e %e(e% 1 )erchant toard

the na% %e(e%6 And I$) tr!%y honored to ha(e had the chance to or+ ith


21/21

hi) not on%y a a friend !t a a )erchant partner a e%%6

IntinctQar: 8eca!e he tr!%y i one of )y c%oet friend in ap%etory and

I$(e +non hi) e(er ince I a ;i%ent;*)6 And eca!e hi )oti(ation and

deter)ination i !n.!etiona%e6 *heer %addy6

J!i%d Co)e:8eca!e they$(e een aro!nd for a%on ti)e and they$(e

ot a o%id ro!p of )erchant in their !i%d6

eaf: *a!e her +no%ede in econo)ic i !ndenia%e and I ta+e her ido)

ith open ear itho!t a hado of a do!t6

Qiyiner: *a!e e(en tho!h he$ a J!rp%e: *a!e he$ ot the !)ph in her and he +no hat he$ otta do

to )a+e it6

i+e: *a!e yo! ere one of )y ear%iet partner that I dic!ed idea ith

hen I a are%y tartin o9 and a ood friend a e%%68ear CWhere(er yo! are5 ro%% one for )e: *a!e yo!$re

to not e on thi %it6 #o!$re a%o a )erchant at heart6 E(en tho!h yo! don$t

)a+e VVV

o and ho!t !tF 2 Fe

basilmarket merch guide

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