Pawnshop Principle.

Can’t claim this as my idea but I include this because it’s important. When it comes time to sell something that you previously bought you should barely consider what you paid for it. Pretend that you don’t even remember and charge what the traffic will bear. If that means selling it for a loss, so be it.

No further explanation needed. All comments welcome.

6 comments

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  4. Fortunately, I have never had to pawn anything, but I agree on the concept. The only thing I would add is that if this item is something that you would eventually like to get back, then you could consider going to a pawn shop, ask the proprietor what would he/she would give you for item, then see if a friend of family member would take it off your hands for a little bit less money with the understanding that you could buy it back within a certain period for a certain amount more than you were paid.

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