chakster,
I took that into account. That would be 1000 records for a million, assuming each record is priced that high. Over 15 years, it is one record sold every six days, or so. So a bit more than one a week. That would certainly make it for less demanding work with packing and shipping. If that were a case, that warehouse for 1000 records would not be that large. Slightly larger closet, if even that much. Maybe "warecloset" instead of "warehouse".
Of course, if a person bought real warehouse full of records, let’s say 100 000 of them to sift through and look for those that could be sold for £1000 each, it would make sense, but it would bring us back to a lots of work.
Assuming that a person works from Monday to Friday for those 15 years, she/he would have to check about 25 records a day. For a work day of 8 hours, slighly more than 3 records an hour. Slightly less than 20 minutes per record.
During that time, a person can pick those expensive ones and sell them, assuming they sell as soon as they are found in the warehouse. Packing and mailing them will take some tome away from checking what is in those 100 000 records so it will have to be more than 3 per hour checked.
Still, it does not seem to be that great of a business plan as records bought must have cost some money, too. Not to go into storage space, advertising, etc. And, of course, in my example no millionaire paid any tax anywhere. For that, to become a millionaire, a person has to increase all the above numbers by whatever tax rate is.
"There are records that goes for £1000+ each!"
I took that into account. That would be 1000 records for a million, assuming each record is priced that high. Over 15 years, it is one record sold every six days, or so. So a bit more than one a week. That would certainly make it for less demanding work with packing and shipping. If that were a case, that warehouse for 1000 records would not be that large. Slightly larger closet, if even that much. Maybe "warecloset" instead of "warehouse".
Of course, if a person bought real warehouse full of records, let’s say 100 000 of them to sift through and look for those that could be sold for £1000 each, it would make sense, but it would bring us back to a lots of work.
Assuming that a person works from Monday to Friday for those 15 years, she/he would have to check about 25 records a day. For a work day of 8 hours, slighly more than 3 records an hour. Slightly less than 20 minutes per record.
During that time, a person can pick those expensive ones and sell them, assuming they sell as soon as they are found in the warehouse. Packing and mailing them will take some tome away from checking what is in those 100 000 records so it will have to be more than 3 per hour checked.
Still, it does not seem to be that great of a business plan as records bought must have cost some money, too. Not to go into storage space, advertising, etc. And, of course, in my example no millionaire paid any tax anywhere. For that, to become a millionaire, a person has to increase all the above numbers by whatever tax rate is.