I thought startup business plans were trying to sell $100 bills for $95 and making profit on the volume.
Didn't we see the laundry quarter business fail because people didn't want to pay $15 for $10 in quarters?
@SacBookReviewer yes they were, and closed shop within a week. Surprisingly they replied to a comment I left and said they had few dozen subscribers if memory serves me right. Not bad for the first week of operation.
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I like it how they don't really offer a volume discount. It's $3 per bill whichever package you choose.
@_jacksmith Exactly. I like having $2 bills myself, also learned this from Altucher, but I just go to my local bank and order them, they usually will have it for me within the week.nnAlso, I don't understand why their pricing doesn't discount bulk orders. $300 for $200 worth of bills, really?
@_jacksmith I also wonder if it's even legal to sell money above it's face value
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I use $2 bills for tips (have for years) but like @narekk I go to the bank. This startup reminds me of a PT Barnum quote: "A fool and his money are soon parted." Pretty sure he was talking about this startup (even though he died in 1891).
Now's my chance to "become an instant micro celebrity."
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@rrhoover It's a funny turn of phrase, but this is actually a solid idea. Lots of people want to be "popular" at specific places and fail. This is a cool idea!
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Wow. I'm going to set up a startup to sell air now.
@desisaran Someone beat you to it http://www.huffingtonpost.com/20... Being sold for .80 a can for 2 years now. But I think it's still possible to position yourself as the low cost provider. LOL
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