Old idea worth starting?

[KingRichard]

Even if you end up selling them at a loss you will have spent less than £2.50 testing the market. You will then know what you CAN sell them for, and so work backwards from there to cut your purchasing costs down - that's how you work out your projected profit

Then you need to drive sales.

Do loads of people in your school have facebook? If so you can set a trend via that, and get everyone doing the same stupid pose or something, then sell them keyrings with their photo or the name of the funny face on it.

I'll give you one idea for nothing. The foo foo. A cunning disguise used to attract the foo foo.



All you need to do is borrow a digi camera and start a group on facebook. Both free of charge

[SXi Lad]

mcflurry said:

SXi Lad said:

Ok Iv just bought 5 keyrings from ebay for £2.50 that includes p+p. Seems a bit too much and Il will only get less than £2.50 profit hopefully. Doesnt seem worth it.

That's 100% markup and £2.50 for 10 mins work.
If it works, maybe spend the £5 and get some more.

Worst scenario is £5 down
Best scenario is £10 in your pocket

I suppose so. Maybe having it as a specialised keyring I could bump it up to £1.20 as the cutomer can request a picture of choice if I sold the 5 it would be £6 and the Net profit would be £3.50.

[KingRichard]

Only on PH could a 17 year old interested in selling keyrings receive a marketing plan, source commercial suppliers and get a demonstration of creating profit on a £2.50 project

Awesome

You do realise if this doesn't end up buying your second car we will throw you to the lions?

[Chris_w666]

As others have said a 100% profit is damn good.

I bought 800 nail brushes a year ago for 10p each and sold them at £2 each or £15 for 10 via ebay upsetting a lot of regular suppliers in the process.

I also made a nice bit of profit that paid for the majority of a trip to new york

[KingRichard]

SXi Lad said:

mcflurry said:

SXi Lad said:

Ok Iv just bought 5 keyrings from ebay for £2.50 that includes p+p. Seems a bit too much and Il will only get less than £2.50 profit hopefully. Doesnt seem worth it.

That's 100% markup and £2.50 for 10 mins work.
If it works, maybe spend the £5 and get some more.

Worst scenario is £5 down
Best scenario is £10 in your pocket

I suppose so. Maybe having it as a specialised keyring I could bump it up to £1.20 as the cutomer can request a picture of choice if I sold the 5 it would be £6 and the Net profit would be £3.50.

Your foo foo (or whatever) keyring will be unique, and can have whatever photo you like on there. Also, if you took the photos then there will be no copywright problems. If it's unique (who else at your school would think of doing this?), you can sell them at a slight premium, boosting your profit even further.

You may find that the trend continues into other local schools and you can flog them there!

[Podie]

KingRichard said:

Only on PH could a 17 year old interested in selling keyrings receive a marketing plan, source commercial suppliers and get a demonstration of creating profit on a £2.50 project

Awesome

You do realise if this doesn't end up buying your second car we will throw you to the lions?

Real feel-good thread. Nice to see someone wanting to make a few quid, rather than moaning how st it all is.

Good luck to the OP.

[KingRichard]

Chris_w666 said:

As others have said a 100% profit is damn good.

I bought 800 nail brushes a year ago for 10p each and sold them at £2 each or £15 for 10 via ebay upsetting a lot of regular suppliers in the process.

I also made a nice bit of profit that paid for the majority of a trip to new york

Do people actually buy crap like that on ebay?

My mate used to buy new toys in toys r us and then sell them for a 20% markup to the plonkers on ebay

[SXi Lad]

KingRichard said:

Only on PH could a 17 year old interested in selling keyrings receive a marketing plan, source commercial suppliers and get a demonstration of creating profit on a £2.50 project

Awesome

You do realise if this doesn't end up buying your second car we will throw you to the lions?

It's not worth thinking about the £2.50, you wait David, its the future of this very succesful business enterprise. Its worth every penny to me





not really

[Chris_w666]

KingRichard said:

Chris_w666 said:

As others have said a 100% profit is damn good.

I bought 800 nail brushes a year ago for 10p each and sold them at £2 each or £15 for 10 via ebay upsetting a lot of regular suppliers in the process.

I also made a nice bit of profit that paid for the majority of a trip to new york

Do people actually buy crap like that on ebay?

My mate used to buy new toys in toys r us and then sell them for a 20% markup to the plonkers on ebay

I bought them thinking they were paintbrushes for models and would have been happy making a few quid on the job lot to a mate that runs a model train website. Bbefore I saw him I googled the name on the boxes and found people offering them for 4.99 each on ebay, I was shocked but very happy.

[KingRichard]

SXi Lad said:

KingRichard said:

Only on PH could a 17 year old interested in selling keyrings receive a marketing plan, source commercial suppliers and get a demonstration of creating profit on a £2.50 project

Awesome

You do realise if this doesn't end up buying your second car we will throw you to the lions?

It's not worth thinking about the £2.50, you wait David, its the future of this very succesful business enterprise. Its worth every penny to me





not really

And so it should be... that £2.50 is your seed capital!

[SXi Lad]

KingRichard said:

SXi Lad said:

KingRichard said:

Only on PH could a 17 year old interested in selling keyrings receive a marketing plan, source commercial suppliers and get a demonstration of creating profit on a £2.50 project

Awesome

You do realise if this doesn't end up buying your second car we will throw you to the lions?

It's not worth thinking about the £2.50, you wait David, its the future of this very succesful business enterprise. Its worth every penny to me





not really

And so it should be... that £2.50 is your seed capital!

Im going to start asking around maybe even my own street.



Would you be interested in purchasing some high quality keyrings for your taxi company Dav?

[KingRichard]

SXi Lad said:

KingRichard said:

SXi Lad said:

KingRichard said:

Only on PH could a 17 year old interested in selling keyrings receive a marketing plan, source commercial suppliers and get a demonstration of creating profit on a £2.50 project

Awesome

You do realise if this doesn't end up buying your second car we will throw you to the lions?

It's not worth thinking about the £2.50, you wait David, its the future of this very succesful business enterprise. Its worth every penny to me





not really

And so it should be... that £2.50 is your seed capital!

Im going to start asking around maybe even my own street.



Would you be interested in purchasing some high quality keyrings for your taxi company Dav?

Yes I would

Sell a few and get used to making them, then let me know what price you can do 500 for. I'll even help you find a supplier.

[SXi Lad]

KingRichard said:

SXi Lad said:

KingRichard said:

SXi Lad said:

KingRichard said:

Only on PH could a 17 year old interested in selling keyrings receive a marketing plan, source commercial suppliers and get a demonstration of creating profit on a £2.50 project

Awesome

You do realise if this doesn't end up buying your second car we will throw you to the lions?

It's not worth thinking about the £2.50, you wait David, its the future of this very succesful business enterprise. Its worth every penny to me





not really

And so it should be... that £2.50 is your seed capital!

Im going to start asking around maybe even my own street.



Would you be interested in purchasing some high quality keyrings for your taxi company Dav?

Yes I would

Sell a few and get used to making them, then let me know what price you can do 500 for. I'll even help you find a supplier.

500? How many taxis do you need in Canterbury

[KingRichard]

SXi Lad said:

KingRichard said:

SXi Lad said:

KingRichard said:

SXi Lad said:

KingRichard said:

Only on PH could a 17 year old interested in selling keyrings receive a marketing plan, source commercial suppliers and get a demonstration of creating profit on a £2.50 project

Awesome

You do realise if this doesn't end up buying your second car we will throw you to the lions?

It's not worth thinking about the £2.50, you wait David, its the future of this very succesful business enterprise. Its worth every penny to me





not really

And so it should be... that £2.50 is your seed capital!

Im going to start asking around maybe even my own street.



Would you be interested in purchasing some high quality keyrings for your taxi company Dav?

Yes I would

Sell a few and get used to making them, then let me know what price you can do 500 for. I'll even help you find a supplier.

500? How many taxis do you need in Canterbury

Advertising for my customers

[SXi Lad]

KingRichard said:

SXi Lad said:

KingRichard said:

SXi Lad said:

KingRichard said:

SXi Lad said:

KingRichard said:

Only on PH could a 17 year old interested in selling keyrings receive a marketing plan, source commercial suppliers and get a demonstration of creating profit on a £2.50 project

Awesome

You do realise if this doesn't end up buying your second car we will throw you to the lions?

It's not worth thinking about the £2.50, you wait David, its the future of this very succesful business enterprise. Its worth every penny to me





not really

And so it should be... that £2.50 is your seed capital!

Im going to start asking around maybe even my own street.



Would you be interested in purchasing some high quality keyrings for your taxi company Dav?

Yes I would

Sell a few and get used to making them, then let me know what price you can do 500 for. I'll even help you find a supplier.

500? How many taxis do you need in Canterbury

Advertising for my customers

Ahh well, ok. Once I get enough cash or profit Il definetly need a cheaper supplier. Before I say anything i will see how this goes thats if the guy sends the 5 keyrings.

These are the keyrings Iv bought

[Stablelad]

Good thread! Well done chap. Keep going.

[KingRichard]

Try and find out where ebay mateyboy gets his from

[Mr POD]

KingRichard said:

Chris_w666 said:

As others have said a 100% profit is damn good.

I bought 800 nail brushes a year ago for 10p each and sold them at £2 each or £15 for 10 via ebay upsetting a lot of regular suppliers in the process.

I also made a nice bit of profit that paid for the majority of a trip to new york

Do people actually buy crap like that on ebay?

My mate used to buy new toys in toys r us and then sell them for a 20% markup to the plonkers on ebay

Join VXon - get trade club membership, buy Irmscher badges at trade price and sell them on egay for 200% mark up.

[Rollin]

Cheap blank keyrings for you.

[SXi Lad]

Rollin said:

Cheap blank keyrings for you.

Cheers. Il first see how the 5 go and Il go on from there, if im succesfull in selling the 5, Il buy a bigger batch. If not Il maybe think of something else of selling