In this blog, I emphasize myself as someone not only with great money management skills, but also knows how to bring in more money into my own pocket.
But sometimes I fail too.
Here is the story.
About two weeks ago, I was at the mall in my neighhourhood and received a $10 CAD gift card from doing a survey.
I did not know what to do at first. But after a bit of thinking, I figured, “Why don’t I go to the bookstore at the mall, buy the book I always want to get and SELL IT AFTER to see if I can make a profit or not?”
So this was what I did. I used my $10 gift card and ended up paying $16.25 CAD for the book. Just a FYI: The book I bought was authored by a Four-time New York Times bestselling author and was released on late January 2018.
I finished the book in two days (it was a great book by the way). After, I wrote a nice ad on Kijiji and tried to sell the book online.
I did not want my book to sit at home for too long, therefore I have decided to take the book to used bookstore to see if those stores would buy my book and ultimately I would get cash from it.
The day I went was very humid and windy. In fact, I took public transit as I hate driving to downtown Toronto.
My first stop was a very well-known used bookstore in Toronto. Surprisingly, they said “NO” because my book is not a good seller for them. In my head, I thought, “THEY ARE CRAZY!”
But I had not given up yet.
So I did some research on Google Maps and found this store. It was a very old store but I thought I gave it a try.
So I went into the store and gave the book to the guy at the counter. He took a peek, flipped some pages and offered me…
In my head, I was thinking..
“This guy is crazy again.”
“Well! At least I have an offer and I should take it. It is so cold outside and I do not want to walk to another store that is 15 minutes away.”
“But I think I should negotiate. I know I will lose money but at least I want to get more than $5 back.”
So I made a counter offer…
He looked at me and thought calmly. Then, he made another counter offer and I agreed. I ended up walking out of the door with…
Thinking back, I should have made a counter offer of $20 CAD and see what he said. However, I did not want on the street with a light jacket anymore and that was why I made this decision.
Have I done more research, I am confident I would get more money back.
Have you ever buy an item at a very low price and sell it at a higher price? How did you manage to do it? Please leave your comments below! Catch you on the flip side!