556 Bootstrapping to Millions PROFITABLY w/ Shawn Allen (M@C Discount)
Going Deep with Aaron Watson
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What Is the Market Clearing Price for an Irreparable Product?
With us we say rather than trying to guess where that market price is for an imperfect item we start it from a dollar. The auction then goes to market value based on the feedback we get from bidders and that item moves in seven days. So because everything will sell at auction right if you think it starts at a dollar so we're selling 100% of the items that come through our trucks. And that also helps with your you know ability to run profitably because you don't have inventory sitting on the shelves. We go really we move it very quickly. That's why retailers value players like us versus somebody who may put it in more of a traditional retail environment.
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