One of the best pieces of business advice I ever got was at my first startup: “It takes just as long to do a small deal as it does to do a big deal.” That’s often a slight exaggeration because in business, bigger deals usually mean more people are involved, but the sentiment is still roughly correct. Focusing on the big deals is a better use of time when you’ve got a good pipeline.
We can apply that wisdom to all of this weekend’s opportunities in gift card reselling, buyers groups, online arbitrage, point alchemy, and to an extent with travel bookings too. My companion advice to the above for this weekend, specifically, is:
Set a minimum deal size and minimum effective hourly wage for all of your shenanigans. If something flashes by and it’s below that threshold, wait for the next thing. It’ll come.
Have a nice weekend!
Pictured: My first startup, or something.