If you bid low, almost no one will take the opposite side of the deal, so your overall deal flow is low and total profit is low (even if margins are high).
If you ‘open up’ the flood gates on the other end, then yes you’ll do a lot of deal flow - Buyers sense a sucker - and open up a lot of opportunities for matches. It just so happens you’re also losing your shirt.
It’s easy to ‘make money’ (close deals) by giving money to people, and losing money in the actual business.
If you ‘open up’ the flood gates on the other end, then yes you’ll do a lot of deal flow - Buyers sense a sucker - and open up a lot of opportunities for matches. It just so happens you’re also losing your shirt.
It’s easy to ‘make money’ (close deals) by giving money to people, and losing money in the actual business.