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Would you rather have one million dollars or one million cast iron pans? (lemmy.dbzer0.com)
submitted 11 months ago by to c/wouldyourather@lemmy.dbzer0.com
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[–] [S] 6 points 11 months ago (5 children)

Pretty tough selling a million of those. Gonna have to start an entire business

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  • [–] 2 points 11 months ago (4 children)

    You have the inventory to back a loan, so you'll have liquidity to start the distribution and sell wholesale not retail, and undercut the competition. Once you set up your network the rest is just managing inventory.

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  • [–] 3 points 11 months ago (3 children)

    if they are stored well and not allowed to degrade or are refurbished when they do. Until the loan is gotten you will need to pay for that storage. Then there is packaging and shipping. Your going to lose a lot before you gain anything.

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  • [–] 2 points 11 months ago (2 children)

    Hence the business loan backed by inventory (a million units of anything is a lot of collateral.
    Also, losses, if any, can be written off and a (tax) loss or insurance claim. You'll also mitigate your tax exposure with the product rather than a million dollarydoos...which I would expect to be on the high end% since you won't be able to pay for a good CPA or lawyer to Bezo your money.

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