“This newsletter serves a demographic of highly intelligent readers, and deep thinkers with a passion for ideas, critical thinking, and a desire to understand the world around them. Readers of my posts are usually tired of being patronized elsewhere by fact-less, opinionated know-nothings, misinformation, conspiracy theories, and fake news.
“Knowledge is power, wisdom brings meaning, contentment, and happiness!”
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On a personal note: Please excuse grammatical errors, typos, repetition, and any general nonsense, and such in this post. I am getting a bit older now, and I have about 20,000 pages of information that must get published before I leave the mortal coil. I simply write and publish more than my humble editors are able to correct. If you find enough errors you are welcome to contact me about being an editor of my work.
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A 3 - Minute Read
Q. Lewis, I heard about a business strategy called “stockpiling and selling.” What is that about?
A. Follow what I have written here and you will make very few poor decisions - AskLewis.com
“Stockpiling, and Reselling” is a term we use in our Life Hackers Life Strategy Playbook Mentoring Method to describe the collection and storage of goods and/or services at one price value and as demand and the price of these goods and/or services increases, selling them at a profit.
When selling tickets for entertainment events, this practice may at times be considered unethical or illegal, and is generally referred to as “scalping”. We will save the discussion concerning scalping for another time and place.
Is Stockpiling and Selling A Good or Bad Thing? For a Lifehacker it is a very good thing.
This morning I came across a great article about a young businessman who has been able to survive and prosper in these difficult times by stockpiling, and reselling video games, Specifically Playstation https://www.bbc.com/news/technology-60709207
Stockpiling, and reselling is a basic concept. You gather lots of any good or service, then sell it, usually legally, but often outside of normal retail channels, at a higher price due to demand for that good or service.
Is this practice legal, moral, and ethical? It depends who is asking.
The more socialist you are in your economic and political leanings, the more likely you are to think Stockpiling, and Reselling is a bad thing.
The more you see human relations as an exchange of goods, services, or something of value, between individuals, businesses, or entities the more likely you are to think of stockpiling, and reselling within ethical boundaries as a good thing.
For the skilled lifehacker, laissez-faire economics views this as being a good thing for market efficiency. The correct value of anything… This is a long-form article. To Read the rest of it for free just click below…
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Author: Lewis Harrison is a writer, teacher, and master results-oriented life coach. He is the author of over twenty books, numerous self-improvement, and personal development courses, and is the former host of a talk show on NPR Affiliated WIOX91.3 FM. He can be contacted at LewisCoaches@gmail.com
Here is a short video about some of what I am working on in the realm of personal development and self-improvement.
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