(Trying to) Define How to Make Money
As far as we can tell, most of us are raised to obtain a salary, little of us are really taught to pursue our dreams... and even then our dreams can be clouded if motivated by money.
**Again, we are just exploring this concept of making money. We confess we are not perfect, and we are not claiming we are better. Moreover, we don’t claim our values or views are right. It is just an opinion that we have in this constantly changing market of hype.**
In this moment of time, making money and “hype” seems to work in tandem. It all stems from the idea that you buy something in demand preferably at retail/low price and sell it for a profit. Over time, it transformed into a form of investing.
Now, we all know there’s many many ways to make money. You can go get a job-and you can get creative with that. You can sell a service, a product... But at that point it becomes a question of how much money are we making? However, there’s also this whole other side of the “money making secret” people don’t really talk about (or talk about too much) and that’s investing. What is investing?
What we can understand so far is that you buy something and that something will make money for you. The longer you keep that something or better that something is that something will make more money for you.
Well, it’s not a secret or anything what investing is. The real question we ponder is what is that something we need to buy? What is that something and how long do I need to hold till I sell it? What is the better something? Not to even mention the “what ifs” of the hype market or any investment market.
On a more common note, people are familiar with saving. And it’s more frequently taught that by saving, we get rich. Is that true? How much can we work and save and get rich? No matter what type of job there is, wouldn’t there be a limitation to the paycheck you get and the amount you can save (which usually entails cutting back/changing lifestyle choices).
Well, there’s so many ways to make money and the many many reasons why we do what we do to make our money. It is not our place to judge these things, but we do believe that there are always better ways of doing things no matter how comfortable you might feel in your life.
To simplify all of this, maybe the secret to investing is taking a chance because “you never know” and being ok with whatever happens. Maybe that’s why the most successful hype resellers are not the ones “just reselling,” but investing/spending as well. Either way, however you look at/feel about the hype market, one thing is true, some type of money is being made selling/buying that something-whether that’s shoes, cards, toys, watches, bags, shirts, caps, etc etc etc.
Example: Hype Investing and Thoughts
Travis Scott Astroworld Rug
(Preorder $250: meaning equal chance to buy)
Resell: $300+ over ~12 months (high $600)
Ridiculous to think a $250 rug goes for more than what it is “worth.” BUT HEY, there’s plenty of more expensive rugs out there, this one just happens to be in affiliation with famous artist, Travis Scott.
On the other hand, if you had an extra $250 to spare that day/month/in general, it is something you could have bought as a “venturing hype reseller” and resold on the market a few months later for a profit as time has shown. At the least you would have made an extra $50 by spending $250.
There’s not too much left on the market after checking other platforms (GOAT, GRAILED, EBAY, other resellers), hence a less common “hype” item that fans really didn’t purchase to resell (after all everyone was given the chance to buy for the “regular” price)
Should people who really want the item buy it at the lower price it has reached while they still have the chance? If you were the guy bidding at $370 will you just pay the extra $10 to secure your item given it’s still better than the guys who paid $400, $500, $600? If that buyer is a reseller, is this a smart buy given that there are not that many interested buyers on the market left? If you are the one reselling it for $380, did you first and foremost buy it for less than what you are selling it for? Did you get to preorder and was waiting this amount of time worth it? Should you wait longer? Did you buy to even resell or after purchasing you realized it was something you didn’t need and you needed the money instead? A LOT of questions but no right answers. Just works of the hype phenom.
