Posted by John_NorCal on 12/1/09 9:13am
Msg #312584

Economics 101

Just want to post this one piece of an article that I was just reading and hoping to drive home the point to all the people taking low ball fees.

Here is a quick lesson in Economics 101 -- If you are losing money on your deals, you can NEVER make that up regardless of how many deals you complete.

Reply by Linda_H/FL on 12/1/09 9:22am
Msg #312585

Yep...two negatives don't make a positive in this business - they only create a deeper negative...

Reply by Lee/AR on 12/1/09 10:06am
Msg #312596

Reminds me of a joke.... Ole & Sven cut firewood & sold it locally for $50/cord. Then Ole said, ya' know, if we take this wood to the big city, we could get $100/cord. So they did. But the gas for the round trip cost them $50. Sven said to Ole--Hey, we're not making any more money! Ole said "Maybe we should get a second truck."