2011-02-07, 05:03 PM
Cydonia Wrote:Not everyone can merch, they just don't have the paitence or skillset to follow through successfully. Those who can merch (the really, really, successful ones) obviously have a good mind for business. Most people think merching is just buying low and selling high, and therefore think that it's super easy. There is a lot more at play. You have to know when to take advantage of opportunities and when is the right time to act on deals for the most profit. You have to acknowledge what is popular and what isn't. You have to know the current prices of everything, because prices fluctuate so much. You also have to know about inflation, why is happens and when it does. If you can do all these successfully or you think it just comes naturally to you and it shows due to your total mesos, there is no reason why you can't apply the sames principles in real life business.
All really common sense, none of those are skillsets, it's really who's more asserative to take the time to make those moves.