3 ms·
It's an interesting story, but isn't it far more efficient to find a single product that has good selling potential and just put your effort into sourcing that
by IAmGraydon 9y ago
It's an interesting story, but isn't it far more efficient to find a single product that has good selling potential and just put your effort into sourcing that product? Instead of spending $1000 on 10 different categories of product, spend $10,000 on one product, thereby leveraging economies of scale.
- Godel_unicode 9y agoMaybe, but this is pretty basic portfolio theory here. Diversification means you have less effect on the price of any one good (consider that you need buyers for your goods) as well as less risk of an abrupt Amazon price cut wiping you out.