Bootstrapping Term

Purchasing used equipment or products – stuff other people bought and maybe used before – at a steep discount to new equipment or products is a classic bootstrapping technique.

Sometimes called “pre-owned” especially by car dealers, or “vintage” by clothing and jewelry retailers, entire businesses can be built around the resale of used things.

Quality control is always an issue, to establish that the previous owner did not damage the equipment or product in such a way as to make it unusable or only usable with expensive and time consuming repairs.

Don Gooding

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