Wow, I thought that had become basically impossible to profit off of ages ago.
Comment on Whats the best use for 75 dollars?
ininewcrow@lemmy.ca 12 hours ago
Buy stuff on ebay and start trading to bigger and better things. If you work at it hard enough, you’ll end up with trading items worth thousands without having spent more than $75.
Drusas@fedia.io 10 hours ago
PriorityMotif@lemmy.world 11 hours ago
This is what I do. I recently bought 3x rx480 graphics cards for $90 total and 3x office PCs for $150 total and sold for $450 total. You just have to watch for deals.
I also made !flipping@lemmy.world for this kind of stuff, but it’s basically dead as lemmy is mostly anti capitalism and sees flipping as dirty.
ininewcrow@lemmy.ca 11 hours ago
Trading in existing items is not exactly capitalism … that’s just plain old bartering.
Capitalism, especially the modern form, is when you use your existing or inherited wealth to buy or develop companies who generate wealth from the work of other people to create brand new products or services. It’s exploitative because capitalists take the hard work of many people who create brand new products and then claim full or majority ownership over those products without having done anything except claim ownership.
What you are doing is taking old discarded things that either have no more value or lesser value and taking your own effort and time to recreate value and barter it to someone else. The only person you’ve exploited in the transaction is yourself … but you reap all the benefit. And no one can go back and say that the product that you just traded is stolen profit from the previous owner … the previous owner had thrown it away and didn’t value it any more or even considered it trash to be thrown away.
Flipping isn’t capitalism … it’s just good economic sense for the individual.
Unless you turn it all into a multimillion dollar business with employees, real estate and a corporation … it isn’t capitalism.
jaycifer@lemmy.world 9 hours ago
Why is having employees and especially why is exploiting employees necessary to define something as capitalism?