Therapy for the socially inept
One thing I like about this business is that I personally get to meet a lot of very interesting people. -Entrepreneurs of various ages, sexes and dispositions, people who are into photography, film etc, people who share similar interests and philosophies.
I had 6 deals with 5 different people the last 4 days. That’s 4 items sold for a profit of 8500 in just 4 days. The camcorder market is getting a little slow so I’m trying to enter other markets that are a little less saturated. I bought one prosumer SLR-like camera and some SLR accessories. The thing about those items is that I sold them the same day I bought them.
It sucks that I got rid of those items so quickly because as soon as I got home someone offered to buy a cam for 2000 pesos more than the price I sold it for. And then I found out that the lens that I sold for 6k is still selling for 17k in shops. That’s why everybody was so generous -Nobody asked “last price?”
I have a few camcorders that have been with me for quite a while and I’m getting a lot of pressure from my parents to get rid of them first before buying new stuff. So I’m forced to sell my new items as soon as I get them. If I can’t sell any of my camcorders next week, I’ll probably sell one of them at a loss
I bought my most recent prosumer cameras and accessories from a journalism student from UP who’s also a freelance photographer. A “business partner” referred her to me. I think he was quite enamored by her since he didn’t ask for any commission at all, aside from pang merienda. I’m still going to buy a canon SLR camera and a few more accessories from her this week probably
Another interesting person I met was another young entrepreneur -owner of a salon in Shangri la mall who is strangely, straight. I got to know a lot of insider info. like the rental fee at shang which is 70k a month -Makes you wonder how more than one salon could survive there with all the hairdressers that they have plus the assistants. I believe the words he used were “papatayin ka ng renta dito!”
…I haven’t debated anyone in a while and it’s nice to be debating again with a worthy competitor …one who isn’t a fanatic Christian. One of the most interesting people I’ve met in this business actually
========================
entry bombing
I haven’t posted anything in a while. here are the entries that I was supposed to post a long time ago but wasn’t able to finish until now, I just glued them together pardon the inconsistencies
Business updates:
July:
Business suffered a lot. I was only able to sell 2 camcorders. I had 3 unsellable camcorders. 2 were defective one was missing an accessory. I couldn’t find time to have the camcorders repaired because of my very tight schedule so I wasn’t able to have them repaired until late in the month.
My PC literally exploded so I was stuck with my relatively sluggish laptop which I was also supposed to sell. So that’s 2 defective camcorders, 1 incomplete camcorder, and a laptop that I couldn’t sell yet because I was using it …plus my fuji digicam that was still in the repair shop. My capital was only about 65-75k so that leaves very little usable capital left. A change in my schedule left me with only 2 free days a week. No time to have my items repaired nor meet buyers and sellers
I was having problems with Pldt Mydsl. For 2 weeks I couldn’t get a stable connection. It also didn’t help that the site where I do most of my trading was down for like a week.
Digicam prices went down a lot. I’m glad I was able to dispose of all my expensive digicams before the big drop. Demand has also dropped a bit for camcorders. Apparently people don’t care too much about preserving memories anymore. 30 years from now when they’re graying and 100 pounds heavier they’d regret not buying a camcorder
August:
I had the two camcorders repaired for much less than I expected. The Fuji is irreparable but got a refund for it. pldt mydsl is fine already. I have dsl the entire day. I’m not sure if that’s entirely a good thing though. I spend most of my free time in front of my PC constantly refreshing pages, checking messages and googling useless info, I had my PC repaired. I thought it was my board that blew up. Apparently it was my powersupply so I just bought a new one with a higher capacity. Weird thing is that my PC seems to have sped up a lot after I upgraded my PSu
An enemy is trying to make peace with me. He’s probably feeling the crunch as well. After what he did!! That guy has a thick face. I’d bash his head in if I get the chance and when I grow some muscles
Posted by jaywalker_1982 at 10:34 AM in Young entrepreneur | 4 comments
