Entrepreneurs, do you think this can work?
Buy RM1,000 worth of products around RM10 pricing that is very mass market (confirm got ppl buy and sells easily due to low price)
Sell online to earn 10% profit.
Repeat every month.
Man up, do this shit for 5 years non-stop. Stop playing video games, watching useless dramas, or doing pointless stuffs you continued doing from college/school.
By end of 1st year, you get 2.8x the capital
By end of 2nd year, you get 8.9x the capital
By end of 3rd year, you get 28.1x the capital
By end of 4th year, you get 88.1x the capital
By end of 5th year, you get 276.8x the capital
So if you started with RM1,000 today, you will have RM276k by Oct 2020. Can you see yourself in the next 5 years with that much money?
Best thing is you can do this as side job while having a day job. Basically just manage orders, packaging and postage.
What makes you so sure that the cost price would stay stagnant at RM1000 throughout the 5 years?