Whether you have a full time job or not, buying and selling is an activity that nobody can avoid in these times. It is because human beings developed the habit of exchanging goods and services in the past generations. Let see how to trade stuff with other people for a living.
Barter was the exchange of good for good. People would walk many miles to reach a common market place where they will find people who had the products that they had. For example, if you had a bag of corn you would exchange it with maybe a goat. However, when the years went by individuals discovered minerals and other precious metals. The discovery of these metals changed the market landscape.
So no longer would individuals only exchange products for products only but now people would trade in these metals. It is because the more metals you had at the time it defined your time, the wealthier you were described to be. People now would prefer that they either go to the market to get more metals, or they were to dispose of their precious minerals for other necessary basic needs. When the land tenure system and new agricultural methods were discovered in those day and individuals had to change how they do business.
Others just negotiated, and they could agree on the terms and condition of the transactions. We need to realize that the habit of selling and buying has over the years transformed, and it when to a point that the government was controlling the market. They since realized that if they control the market so much their influence curtails creativity. It is because some people would feel that the policies favored certain individuals. Money transformed how we could do the trade because now two people would reach a deal by settling on the amount.
Money made it simple to buy and sell because you did not have to get the exact product to trade and at the same time you could now sell to any person as long has you agreed on the amount. Many persons are currently selling for profit which means that they get an extra amount of money on the products they sell compared to the production cost.
The production cost should be lesser that the selling price. If the production cost is higher, you will have made losses, and there is no need for you to be in the market. We also live at a time that competition levels have been so high. The surprising fact is that you can have an idea and if you do not know how to apply it to make you profits you will be pushed out of the market.
Nobody can complain that a particular trader is extorting them by selling at high prices because there is a variety in the market. On the same not if you provide high quality products to persons they will be ready to pay any price as long as they get value in your products.
However, you will have to be a law abiding trader because there are rules and regulation that govern the marketplace. You are not allowed to charge high price if it does not give value for the money. And at the same time the free market has a way to balance itself because of the competition.Remember that with great determination, resilience and hard work you can develop a product that would transform lives across the world.
Barter was the exchange of good for good. People would walk many miles to reach a common market place where they will find people who had the products that they had. For example, if you had a bag of corn you would exchange it with maybe a goat. However, when the years went by individuals discovered minerals and other precious metals. The discovery of these metals changed the market landscape.
So no longer would individuals only exchange products for products only but now people would trade in these metals. It is because the more metals you had at the time it defined your time, the wealthier you were described to be. People now would prefer that they either go to the market to get more metals, or they were to dispose of their precious minerals for other necessary basic needs. When the land tenure system and new agricultural methods were discovered in those day and individuals had to change how they do business.
Others just negotiated, and they could agree on the terms and condition of the transactions. We need to realize that the habit of selling and buying has over the years transformed, and it when to a point that the government was controlling the market. They since realized that if they control the market so much their influence curtails creativity. It is because some people would feel that the policies favored certain individuals. Money transformed how we could do the trade because now two people would reach a deal by settling on the amount.
Money made it simple to buy and sell because you did not have to get the exact product to trade and at the same time you could now sell to any person as long has you agreed on the amount. Many persons are currently selling for profit which means that they get an extra amount of money on the products they sell compared to the production cost.
The production cost should be lesser that the selling price. If the production cost is higher, you will have made losses, and there is no need for you to be in the market. We also live at a time that competition levels have been so high. The surprising fact is that you can have an idea and if you do not know how to apply it to make you profits you will be pushed out of the market.
Nobody can complain that a particular trader is extorting them by selling at high prices because there is a variety in the market. On the same not if you provide high quality products to persons they will be ready to pay any price as long as they get value in your products.
However, you will have to be a law abiding trader because there are rules and regulation that govern the marketplace. You are not allowed to charge high price if it does not give value for the money. And at the same time the free market has a way to balance itself because of the competition.Remember that with great determination, resilience and hard work you can develop a product that would transform lives across the world.
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