Please do. I'm seeing two charities and two sports clubs this coming week. The more the merrier.
'Other' enterprises?
- Thread starter Bes
- Start date
For all of that?
Have a Google for fantasy stock market and you can find some free sites where you can practice the art of trading without any risk
I'm considering the costume jewlery & similar side of things personally
Wouldn't be a particularly large profit in it, but I think I could probably make c. £1 an item profit (Looking at the wholesaler site posted earlier, I'd be looking to charge £2.50 an item, maybe a little more depending on precisely what it is, plus post of £1.50)
I believe that the profit is there, a lot depends on the quality of the stuff in question though.
Would be interested to know what happens with anyone else, particularly experiences with wholesalers etc. Been considering this sort of thing for a while, albeit with sources in China & similar.
Made a decent profit for quite a while running odd games & PSP bits on the auction site, biggest barrier for me was always the initial stock investment/ levels. (Was mostly picking up bits from the junkshops etc)
-Leezer-
Wouldn't be a particularly large profit in it, but I think I could probably make c. £1 an item profit (Looking at the wholesaler site posted earlier, I'd be looking to charge £2.50 an item, maybe a little more depending on precisely what it is, plus post of £1.50)
I believe that the profit is there, a lot depends on the quality of the stuff in question though.
Would be interested to know what happens with anyone else, particularly experiences with wholesalers etc. Been considering this sort of thing for a while, albeit with sources in China & similar.
Made a decent profit for quite a while running odd games & PSP bits on the auction site, biggest barrier for me was always the initial stock investment/ levels. (Was mostly picking up bits from the junkshops etc)
-Leezer-
I tried dropshipping a while ago. It's a pretty good income for just an "extra income" but you have to sell a lot to get any sort of decent profit. The amount of sales that came through each day was too overwhelming making about 50p on each sale. Processing takes 5minutes+ and there just weren't enough hours in the day, you wake up in the morning without about 40 emails saying "ITEM SOLD", it's daunting believe me. Then i tried selling 'e books', you may laugh, but they cost nothing, there is no license so it's perfectly legal and people actually buy these, you just need to sell it correctly. The one problem is selling the right e book, if you're not selling them then the selling fees will of course become greater then what you earn. A little bit of research in to what sells will rule this out however.
I then thought i wouldn't mind it as much if the profit range was bigger, so i contacted a few wholesalers and ordered my first stock with the money i made before. It was around £250 (I made more obviously, but other expenses came in to play and this is what i was left with), so not much by any means but enough to get me started. The area i concentrated on was Clothing, and it worked really well. Depending on how much i sold each item for the profit was in the range of 50%+. You just need to research what sells and what doesn't, if there are a lot of people selling the same item comfortably then do the same, if there is no one selling the same item then it might be worth trying it out.
Currently, i'm experimenting with different items, some look very promising.
N.B: All the items i sell are on the 'Auction Site', the reason for not posting the name is i'm unsure if it's allowed, whether it's a competitor or not.
I then thought i wouldn't mind it as much if the profit range was bigger, so i contacted a few wholesalers and ordered my first stock with the money i made before. It was around £250 (I made more obviously, but other expenses came in to play and this is what i was left with), so not much by any means but enough to get me started. The area i concentrated on was Clothing, and it worked really well. Depending on how much i sold each item for the profit was in the range of 50%+. You just need to research what sells and what doesn't, if there are a lot of people selling the same item comfortably then do the same, if there is no one selling the same item then it might be worth trying it out.
Currently, i'm experimenting with different items, some look very promising.
N.B: All the items i sell are on the 'Auction Site', the reason for not posting the name is i'm unsure if it's allowed, whether it's a competitor or not.
Soldato
- Joined
- 18 Oct 2002
- Posts
- 7,084
- Location
- Kuala Lumpur, Malaysia
Buying wholesale and selling on eBay can make you a lot if you are doing the right products.
I used to sell mini CCTV cameras with receivers for around £30 and they were costing me $20 USD, built up a relationship with the supplier in China and he was even giving me 30 days credit which really helped.
Everyone started doing it and the profits got less, then my eBay / PayPal got closed down as I was under 18
I used to sell mini CCTV cameras with receivers for around £30 and they were costing me $20 USD, built up a relationship with the supplier in China and he was even giving me 30 days credit which really helped.
Everyone started doing it and the profits got less, then my eBay / PayPal got closed down as I was under 18
Soldato
- Joined
- 18 Oct 2002
- Posts
- 7,084
- Location
- Kuala Lumpur, Malaysia
Unfortunately I don't have enough to do enough research, currently not holding much but trading CEY, GGG, GFM, CCT currently - made some and lost some, unfortunately only in a very profit overall , but I have gained some experience out of it
Hi
I am just wondering what stuff other people do outside of work to generate income on the side? (No pimping your own businesses coz dats agains' da rulez) Also how does it serve you income- wise in relation to your main income? I'm really interested to know how many enterprising individuals there are out there.
I'll start the ball rolling...
Personally I am attempting to launch my own web-based business soon (I'm pretty excited about it as I don't think it has been done before and see no reason why not) & currently do a lot of investing on AIM. The latter has netted me around 20-30% profit PA in the past 2 years (a mixture of spectacular multibaggers and complete stinkers!!)
Please tell me about yours and what you do
starship
[TW]Fox;10472731 said:
Yeah that is the thing that puts me off- I mean we can tell that pallet is full of rubbish, so what might the ones where you can't really guage *** you're getting until you see it (like jewelery, furniture, clothes) contain?
looking at some of the fashion jewelry items, costume jewellry etc the mrs has bought off ebay its cheap tacky rubbish but its only £6-£8 or something, so she wasnt too fussed and it does the job, must be a fair bit to be made off that stuff really. especially if you get one of the new IN things, like when the celebs were wearing those big heart earings etc
Soldato
- Joined
- 18 Oct 2002
- Posts
- 7,084
- Location
- Kuala Lumpur, Malaysia
Some people are currently making money from Vodafone SIM cards which come with £1 credit.
They go for around 25p trade so people set up their own premium rate phone numbers, make very little out of each SIM though (not sure what percentage of the call would go to BT or whoever operated the Premium rate number)
In Holland people were doing the same thing with cheap handsets which were coming with 10 or 20 eur free credit, then selling the handsets on in bulk
Or you could just set up a premium rate line and do the 2p trick in phone boxes
They go for around 25p trade so people set up their own premium rate phone numbers, make very little out of each SIM though (not sure what percentage of the call would go to BT or whoever operated the Premium rate number)
In Holland people were doing the same thing with cheap handsets which were coming with 10 or 20 eur free credit, then selling the handsets on in bulk
Or you could just set up a premium rate line and do the 2p trick in phone boxes
Or you could just set up a premium rate line and do the 2p trick in phone boxes
which is?
Some people are currently making money from Vodafone SIM cards which come with £1 credit.
They go for around 25p trade so people set up their own premium rate phone numbers, make very little out of each SIM though (not sure what percentage of the call would go to BT or whoever operated the Premium rate number)
In Holland people were doing the same thing with cheap handsets which were coming with 10 or 20 eur free credit, then selling the handsets on in bulk
Or you could just set up a premium rate line and do the 2p trick in phone boxes
how do you go about setting up premium rate lines? how much do you get back per minute etc?
im assuming its £1 a minute to the number
Soldato
- Joined
- 18 Oct 2002
- Posts
- 7,084
- Location
- Kuala Lumpur, Malaysia
Getting the phonebox to read a 2p as 2 euros, but I would hardly call that an enterprise , and I'm pretty sure its illegal