Whether you have a full time job or not, buying and selling is an activity that nobody can avoid in these times. It is because human beings developed the habit of exchanging goods and services in the past generations. Let see how to trade stuff with other people for a living.
Barter was the exchange of good for good. People would walk many miles to reach a common market place where they will find people who had the products that they had. For example, if you had a bag of corn you would exchange it with maybe a goat. However, when the years went by individuals discovered minerals and other precious metals. The discovery of these metals changed the market landscape.
The mining of metals transformed trade in that it made it easy for people to quantify a product. During the time of barter, there were no accurate measures that a person would use in the market. But individuals mainly had to depend on their eyes.
Unlike previously it was difficult because there were no exact measuring equipment that would quantify a goat and a bag of corns. Being that the precious metals were also hard to come by the scarcity of these metals lead to it being a reliable tender.
As time went on paper money came because these metals were heavier, and that was the invention of money. With the money, the market place changed for the better. You could now buy and sell without traveling ling distances. Shops and supermarkets now brought goods closer to people. The essence of trade is to make profits. Profit making is the ability to make extra money from your sales.
The production cost should be lesser that the selling price. If the production cost is higher, you will have made losses, and there is no need for you to be in the market. We also live at a time that competition levels have been so high. The surprising fact is that you can have an idea and if you do not know how to apply it to make you profits you will be pushed out of the market.
Nobody can complain that a particular trader is extorting them by selling at high prices because there is a variety in the market. On the same not if you provide high quality products to persons they will be ready to pay any price as long as they get value in your products.
However, you will have to be a law abiding trader because there are rules and regulation that govern the marketplace. You are not allowed to charge high price if it does not give value for the money. And at the same time the free market has a way to balance itself because of the competition.Remember that with great determination, resilience and hard work you can develop a product that would transform lives across the world.
Barter was the exchange of good for good. People would walk many miles to reach a common market place where they will find people who had the products that they had. For example, if you had a bag of corn you would exchange it with maybe a goat. However, when the years went by individuals discovered minerals and other precious metals. The discovery of these metals changed the market landscape.
The mining of metals transformed trade in that it made it easy for people to quantify a product. During the time of barter, there were no accurate measures that a person would use in the market. But individuals mainly had to depend on their eyes.
Unlike previously it was difficult because there were no exact measuring equipment that would quantify a goat and a bag of corns. Being that the precious metals were also hard to come by the scarcity of these metals lead to it being a reliable tender.
As time went on paper money came because these metals were heavier, and that was the invention of money. With the money, the market place changed for the better. You could now buy and sell without traveling ling distances. Shops and supermarkets now brought goods closer to people. The essence of trade is to make profits. Profit making is the ability to make extra money from your sales.
The production cost should be lesser that the selling price. If the production cost is higher, you will have made losses, and there is no need for you to be in the market. We also live at a time that competition levels have been so high. The surprising fact is that you can have an idea and if you do not know how to apply it to make you profits you will be pushed out of the market.
Nobody can complain that a particular trader is extorting them by selling at high prices because there is a variety in the market. On the same not if you provide high quality products to persons they will be ready to pay any price as long as they get value in your products.
However, you will have to be a law abiding trader because there are rules and regulation that govern the marketplace. You are not allowed to charge high price if it does not give value for the money. And at the same time the free market has a way to balance itself because of the competition.Remember that with great determination, resilience and hard work you can develop a product that would transform lives across the world.
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