Black Friday normally spend until you drop and come out with a really damaged wallet. Think of all the past times where you finally completed black Friday with a lot less cash and a lot more stuff you didn’t know you wanted in the first place. This video is a starting point for you to get a fresh take on black Friday and get yourself to wake up from being manipulated into buying things you do not need.
How’s it going everybody this is peter bush today i’m gonna offer you a black friday and to do i’m gonna show you how you’re actually being manipulated to spend more making you think that you’re actually saving more money no one likes to think that they’re being manipulated and once you catch on that you are hopefully this will make things a lot easier to not buy
Certain items we need to differentiate the stuff that you’re gonna buy anyway versus the stuff that they got you to buy by walking into their store or looking at their ads if you have a certain item on your shopping list for a month or more and it happens to come on sale on black friday then sure you can buy it because you know that you wanted it for quite some
Time already the stuff that you should be worried about is if you go into a store to buy that particular item that you want it then you happen to see something else that’s like oh 50% off or something and you end up walking out of the store with an item that you did not know exists before walking into the store so the important thing here is before black friday
Ever starts put down on your list all the things that you actually want so if you watch your shopping cart and you see a lot of items that’s not on your shopping list then you’ll know that you sort of got manipulated into buying those things because you walk into the store they made a really good offer and then you end up buying something that you actually did not
Want in the first place i kind of equate this with investing opportunities whenever i’m looking actively for an investment opportunity it takes me a really long time to find something that’s very good however i get hundreds of investing offers and every single one of them that’s offered to me instead of me actively looking for them generally they don’t tend to be
Very good at all so this is the same concept when you have a shopping list those items that’s on your shopping list is something that you actually want versus when you walk into a store and they offer you something those things are actually not something that you want but they lowered the price enough to try to convince you to buy them oftentimes these are products
That do not move very much so then they try to lower the price to move the inventory out of the door sometimes it will be closed out and stuff and for any given item when you lower enough someone is going to buy and you certainly do not want to be that person that buys something just because of the lower price so you might be curious about my personal black friday
Experiences i went one time to fry’s electronics i think like three or four in the morning i waited maybe an hour to get in and once i got in i actually did not buy anything i just kind of browse it around i oh yeah you know this is a good deal but i actually did not need any of that so i ended up walking out of the door with nothing the years after that i tended
To buy a lot of stuff online and it seems every single year i’ve been buying more and more stuff i think i would average about $600 for all the goods that i buy online every single year now all these goods are usually not for myself i might buy one or two items for myself only the rest of them might be presents for christmas or i might buy a lot of items just to
Flip now let me tell you if you’re into flipping yeah you can make a little bit of money and i estimate about about 10 to 20 dollars an hour if you spend time trying to buy a whole bunch of really cheap goods during black friday and then you try to flip them the general process is this go to slick deals look up the stuff that’s on fire by the very cheapest of the
Cheapest thing find the street price of that item either through ebay completed items or camel camel camel calm if you see the sale price of that item being roughly 25% less than street price you might be able to make a large enough delta after you sell to get a little bit of profit now when you sell of course that 25% profit it’s gonna be eaten away by ebay or
Amazon selling fees shipping fees if you’re gonna ship that item and also paypal transfer fees with all these pieces is why i say you need at least a 25% discount before you can start to make a profit if it’s at 25% you’re likely going to break even now if you make a profit after all these fees that portion of profit is actually income taxable after all these fees
Taxes and the time you spent on it it becomes a lot less attractive so all i have to say is if you’re doing this for flipping and i’ve done this for at least four or five years where i buy stuff and the stuff that i do not want i just flip them back out for a small profit think about all the time that you have to spend using coupon codes looking and researching on
Slick deals trying to find the cheapest item and trying to find what the product is valued at so that you can sell it for a profit so my argument is if you cannot make an incremental amount of money outside of your day job then this might be a worthy thing to do because you know you’re making a little bit more money however if you’re a freelancer or a contractor
Where you can invest an additional hour of your time to do real work you’re likely not going to gain as much by doing all this flipping you should just spend your time doing your contract work instead and you earn a lot more per hour doing something like that i hope you enjoyed this video and sort of think back at your last black friday and think about what of those
Items were actually on your to buy list i have a feeling that the majority of items that you bought we’re not actually on your to buy list therefore this is actually a waste of money don’t forget to give me a like on this video comment down below let me know if the majority of your items were actually not on your to buy list from last year if you’re interested
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Transcribed from video
Black Friday Antidote By BeatTheBush
