Daily English 704 - Reselling Products for Profit

Complete Lesson

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Dialogue/Story

Slow Speed begins at: 1:13
Explanation begins at: 3:18
Normal Speed begins at: 17:04

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Jessie: Where are you going?

Masa: I’m going to stand in line to get one of the first iDopes. They go on sale this morning at 9 a.m.

Jessie: Why don’t you just wait a couple of days when there’ll be no line?

Masa: I’m sure they’re going to sell out, and plus, I’m going to buy an extra one so I can resell it.

Jessie: You’re going to resell it? Oh, you mean like scalping tickets.

Masa: You got it. I can put a markup on it and make a nice little profit.

Jessie: You mean you’re going to jack up the price.

Masa: I’m not gouging anybody. I’m just putting a little premium on a product that’s in demand.

Jessie: But what if they don’t sell out? Won’t you be stuck with an extra iDope?

Masa: I won’t have any problems unloading it. Trust me, this is a simple case of supply and demand. I’ve got the supply and there’s a big demand. Hey, where are you going?

Jessie: I’m going with you. You’re not the only one in this house who wants to earn a little extra dough.

Masa: I didn’t say you could go with me.

Jessie: Why can’t I?

Masa: Because then I’d be helping you to junk up the market. And that would be shooting myself in the foot.

Category: Business | Money