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$100 Growth Project

Posted by Jeremy on February 13, 2009 under $100 Growth Project | 5 Comments to Read

I was chatting with a good friend of mine about the many nuances of prospecting and buying and selling on eBay.  Noticably perplexed, he asked “how much money can you really make doing this?”  Of course I said that it can really vary.  Timing the market, optimizing your buying and selling techniques, making accurate speculations, and keeping good records are just a few of the skills necessary in making it a fiscally worthwhile venture.

It did get me to thinking, though…

How good are you at this really?

Time to put the money where the mouth is.  I am going to take a crisp $100 bill and spend it on an assortment of prospects or other sports card/memorabilia speculations with the sole intent of increasing the net worth of the original investment over a 1-year period.

The rudimentary set of rules are as follows:

  • All revenues and expenditures will be accounted for on each transaction
  • Purchases will be limited solely to sports cards and memorabilia
  • Inventory will be represented in its physical state and not in a dollar amount
  • No donations will be accepted to contribute to the inventory
  • A detailed record of all transactions will be documented under the $100 Well Spent Project link (likely in an Excel spreadsheet).
  • Project will end on February 13, 2010 at 12 PM

My hope in this is to give all of you who read this blog a little more insight into the challenges and thrills  that the online prospecting market offers.  Surely there will be some profitable maneuvers and unprofitble ones along the way, but my ultimate goal is that we all will learn a bit more about how to make the most out of our hard earned dollars.

Your thoughts, tips, and questions are always welcome additions to this blog. 

Let the project begin….

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  • psad21 said,

    Sounds interesting. I’ve always wanted to try something like this myself. I’ll be looking forward to see how you do. Will you be posting your purchases as you make them?

    Good luck!

  • Jeremy said,

    Thanks!

    I am interested to see how it all pans out as well. Thank you for your question.

    I will be giving detailed descriptions of each of my expenditures and revenues as well as editorial blather about why I did what I did.

    I have also constructed a rudimentary Excel spreadsheet that I will include as an attatchment, showing just how all of the fiscal end of things and iventory items break down. The spreadsheet will be available as an attatchment.

    Thanks for your support and feel free to contribute your own $100 expenditures or investment tips!

    Jeremy

  • Darcy said,

    Jer,
    cool idea! It will be fun to watch this evolve over the next year.

    Darcy

  • Mike Smeth said,

    Great idea that I look forward to reading. I will definitely be following your progress over the next year.

  • PPR Mailbag » Porter’s Prospect Report said,

    [...] into the methods of my madness.  As I stated in a previous blog post, I will be undertaking a $100 Growth Project to put my “expertise” on the line.  I invite you all to check out that process as the [...]

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