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Old 10-23-2008, 10:07 AM   #1
SykkBoy
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Anyone else taking advantage of the down economy?

A lot of successful businesses of today were built during poor economic times...so that means while some are going broke, others are seizing opportunities.

Are you seizing opportunities and taking advantage of the downturn?

I finally opened my first account with ETrade and am playing the market a bit. Nothing too much right now, just getting my feet wet and endlessly reading about investing, the markets, etc. I figure with a lot of big companies down, it's a great opportunity to buy some bargains.

I also recently started a sideline business selling tshirts with my nephews. They're handling designs, orders, etc. and I'm financing it. It gives them some pocket cash and I get an extra income stream without devoting my office hours to any of it.
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Old 10-23-2008, 10:08 AM   #2
seeric
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you know it.

;)
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Old 10-23-2008, 10:09 AM   #3
BradM
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I'm looking for more opportunities. I'm always open to ventures.
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Old 10-23-2008, 10:10 AM   #4
teomaxxx
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cash will be king. But I would rather invest in excellent companies then setup my own bussiness. those guys know better then I how to succesfully run a bussiness.
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Old 10-23-2008, 10:17 AM   #5
SykkBoy
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My sister's boyfriend opened up a secondhand shop and is already doing very well. In a city rife full of pawnshops, he's taking the "I care about you in these slow times" approach
He even has a swap and exchange program, where people can maybe swap out some nice jewelry for a TV set or a lounge chair for a set of golf clubs...

Taking the whole friendly, non-pawnshop approach is working well so far and should continue to work as the word of mouth advertising spreads
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Old 10-23-2008, 10:18 AM   #6
JamesK
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Yep, I've been selling a lot of beans lately.
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Old 10-23-2008, 10:23 AM   #7
adonthenet
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Ofcurse we do :-) Forex is a nice way of earnings especially at those times, did over 100% profit in less then 2 months! :D
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Old 10-23-2008, 10:27 AM   #8
Eriic
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I am the first in my town to buy a wheelbarrow and fill it with apples and rent a major sidewalk corner to sell them at.

We are doing really well my daughter is making a killing, she is wearing a very sexy bikini....
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Old 10-23-2008, 10:28 AM   #9
BradM
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Ofcurse we do :-) Forex is a nice way of earnings especially at those times, did over 100% profit in less then 2 months! :D
Your website REALLY fucking sucks. It looks like some terrible Flip designers made it and you paid $87 for it.
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Old 10-23-2008, 10:30 AM   #10
SykkBoy
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Originally Posted by Eriic View Post
I am the first in my town to buy a wheelbarrow and fill it with apples and rent a major sidewalk corner to sell them at.

We are doing really well my daughter is making a killing, she is wearing a very sexy bikini....
Sweet
almost how Lee Iacocca started out...
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Old 10-23-2008, 10:40 AM   #11
Drake
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I'm trying to figure out ways
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Old 10-23-2008, 10:44 AM   #12
Eriic
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Sweet
almost how Lee Iacocca started out...
Yes, I was inspired by reading his Biography
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Old 10-23-2008, 11:17 AM   #13
seeric
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Quote:
Originally Posted by SykkBoy2 View Post
My sister's boyfriend opened up a secondhand shop and is already doing very well. In a city rife full of pawnshops, he's taking the "I care about you in these slow times" approach
He even has a swap and exchange program, where people can maybe swap out some nice jewelry for a TV set or a lounge chair for a set of golf clubs...

Taking the whole friendly, non-pawnshop approach is working well so far and should continue to work as the word of mouth advertising spreads
he must be a dope ass appraiser. i wouldn't know what half the shit coming in would be worth.

i always wondered how they did that.
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Old 10-23-2008, 11:26 AM   #14
Eriic
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he must be a dope ass appraiser. i wouldn't know what half the shit coming in would be worth.

i always wondered how they did that.
And do not forget all the stolen property that maybe flowing in and out of there......
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Old 10-23-2008, 11:34 AM   #15
SykkBoy
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And do not forget all the stolen property that maybe flowing in and out of there......
He's a pretty good appraiser, actually did work in pawnshops as a kid and has a background in jewelry.

He works actively with the police department regarding stolen goods. He has sellers fill out forms, show IDs, give phone numbers, etc.
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Old 10-23-2008, 11:46 AM   #16
Eriic
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He's a pretty good appraiser, actually did work in pawnshops as a kid and has a background in jewelry.

He works actively with the police department regarding stolen goods. He has sellers fill out forms, show IDs, give phone numbers, etc.
That's good Hate to see anyone go to jail because they didn't know what they were doing
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Old 10-23-2008, 11:48 AM   #17
SykkBoy
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That's good Hate to see anyone go to jail because they didn't know what they were doing
hehe, same here
he's a pretty smart guy and knows how to minimize his risks
I'd be lost for sure on something like that
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Old 10-23-2008, 11:56 AM   #18
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he must be a dope ass appraiser. i wouldn't know what half the shit coming in would be worth.

i always wondered how they did that.
a friend of mine would just use the internet to get a price idea.
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