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Interesting recommendation of flipmine. I buy in to the idea of what they're selling - used goods arbitrage - they're just selling another form of a "get rich
by hnrodey 6y ago
Interesting recommendation of flipmine.
I buy in to the idea of what they're selling - used goods arbitrage - they're just selling another form of a "get rich scheme". Follow the money.
If this niche were so great then the proprietors would keep this software platform to themselves to identify the opportunities and perform the work. Instead, they "offer" you the opportunity while they take in a $39 monthly fee for their service.
That's my take on almost the entire industry of "make money doing X, just use my service or take my course!" Bro, the real money is conning these suckers.
A fool and his money will soon part ways.
- jaywalk 6y agoAbsolutely agree. You might make a couple bucks here and there, but the Flipmine guy is guaranteed $39/month from you. That's where the real action is.
- mywittyname 6y agoLots of companies do keep their arbitrage tools secret. There is a much greater efficiency in operating a SaaS over a full-fledged business, since the SaaS has almost 0 marginal costs, so every additional $39/mo requires nearly no work. In contrast, generating $39 in profits through arbitrage requires at least some work and has risk. If you buy a product and sell it to a person who gets a refund, then you lost money.
- WrtCdEvrydy 6y agoI mean SaaS probably requires a lot less time... and scales a bit more than doing it as a business.
- hnrodey 6y agoExactly! So you should start a SaaS company and get the hell away from spending monthly fees to find your next time consuming manual sale.
- rsanek 6y agoThe point is, not everyone can start a SaaS company (like, as in OP's example, you are a call center employee). Just because you can't create the same high-ROI software business does not mean that the software being sold is a scam/worthless.
- sheepdog 6y agoI tend to agree, but I'm not sure that the buyers are suckers. Technically the people who sell pickaxes to gold miners are in way better shape than the gold mine owners. But we can't have 100% pickaxe salesman, someone actually has to mine the gold.