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For example, if you purchase an item for £5, the aim is to sell it for £10, thereby doubling your money. This principle simplifies your decision-making process, allowing you to focus on the potential for profit rather than the specifics of the item itself.
Understanding the Process
Once you've made your initial sale and turned that £5 into £10 (for the sake of simplicity, let’s assume there are no additional fees for now), the next step is straightforward. Reinvest that money into your business by purchasing another item for £10, with the goal of selling it for £20. Following this pattern—buying low and selling high—will get you to £40 with each successful reinvestment.