Hi everyone, I see you’re reading my column…Great choice!

Today, I’m going to explain to you how to make some money from spending it; a how-to guide to flipping. Basically, I’m going to teach you how to be a businessman/woman. All it takes is a little bit of your own money and the willingness to find loyal customers. Let’s begin.

Step 1: Find what you are trying to sell. For our example, we will choose a pack of gum. Once you find what you are going to sell, it is important to note what the price is and the quantity. Picture this, I go to 7/11 and buy a pack of Starburst gum. The pack cost  $1.50 and comes with 15 pieces. It is crucial to keep the price and quantity relation in mind.

Step 2: Make a price. This is why the price and quantity is so important, you want to make it so if you sell all of your product,you gain more than you spent, thus making a profit. Keep in mind, when setting the price, you don’t want to make it too high, then no one will buy your product. Also make the number easy. What I mean by this is to make the price a simple one-object price. For example one piece of gum for a quarter. Try not to make it 15 cents because then they will have to have both a dime and a nickel, which are a lot less common.

Step 3: Find some customers. Don’t be afraid to approach people and ask if they want anything you are selling. If they say no, then move on. If they say yes, tell them what the prices are. This will take some time, depending on how people react. Don’t forget you can adjust your prices according to people’s reactions. This is probably the hardest and most disheartening part of the process.

Step 4: Add some deals into it. If they don’t like the first pitch then say you can pay double for 150 percent more of the product. For example, if they don’t like one for a quarter they can get three for two quarters. This makes the customer think they are getting a steal, but in the end you are the one really profiting. Also it could be a good idea to give samples.

Step 5: Keep at it. If you find your product of trade with good customers, good for you. If you can’t sell one product, chalk that up as an L and try another. You can always play around with prices, combine products, etc. Get creative. The more you think the more you’ll make.

Be an entrepreneur and turn one thing into something much better. Who knows, one day you might be the next Warren Buffett or Bill Gates!