The £100 challenge – start a business
Discussion
R1chy11 said:
I'm a bit late into this but my idea is to sell good quality t-shirts with printed designs on them.
The designs will be submitted by creative students and they will get paid a commission for each one sold. The t-shirts will also be limited run to keep the designs fresh and create an element of exclusivity.
I've started things off but struggling to really get it going alongside work. Hopefully posting in here will motivate me a bit more.
Any feedback welcome.
Sounds very much like this: http://www.epicembrace.com/uncon/index.htmlThe designs will be submitted by creative students and they will get paid a commission for each one sold. The t-shirts will also be limited run to keep the designs fresh and create an element of exclusivity.
I've started things off but struggling to really get it going alongside work. Hopefully posting in here will motivate me a bit more.
Any feedback welcome.
They are re doing their website at the moment so you cannot see a lot of it. I have bought something from them though, in December.. Hasnt arrived. They do say delivery takes 4 weeks though. I paid £12 delivered for my t shirt.
If you can do similar to that price and do reasonable postage times (less than a week) id think you would be good to go.
Other questions:
Are you printing the shirts yourself with a press? Or ordering them in bulk and selling on?
There’s a lot of existing web services for designers, illustrators, etc to set up their own online shops under an umbrella store and receive a margin from every sale. Redbubble, Zazzle, Spreadshirt, Original T, etc.
I have a hundred designs on sale HERE and all I did was draw and upload them all on Monday lunchtime. No cost to me but time.
I have a hundred designs on sale HERE and all I did was draw and upload them all on Monday lunchtime. No cost to me but time.
The "phrases" made me laugh. Hoofy said:
Any luck on that side of things?
Nah, only one sale so far. With that site I get a whole 20% of the sale price, so I've earned a whopping £3.45, or thereabouts.Still, I put in zero promotion. If I get a spare hour at the weekend I'll punt the online shop around on Facebook, Twitter, etc and see if anything comes of it. No harm done if not, it kept me amused for a bit last week.
poprock said:
Nah, only one sale so far. With that site I get a whole 20% of the sale price, so I've earned a whopping £3.45, or thereabouts.
Still, I put in zero promotion. If I get a spare hour at the weekend I'll punt the online shop around on Facebook, Twitter, etc and see if anything comes of it. No harm done if not, it kept me amused for a bit last week.
Fair enough. I've opened my little shop just to test how it works:Still, I put in zero promotion. If I get a spare hour at the weekend I'll punt the online shop around on Facebook, Twitter, etc and see if anything comes of it. No harm done if not, it kept me amused for a bit last week.
http://www.redbubble.com/people/darrensurrey
You may notice that I've been a bit clever with the camo t-shirt - the white areas are transparent so the buyer can merge the camo with whatever colour of t-shirt they choose.
Edited by Hoofy on Friday 25th January 11:54
poprock said:
It's a no-hassle outlet if you already have the content. I do have a couple of friends who make decent money every month through this, but they are freelance artists and put a lot of time/effort into the promo side.
I figured it'd be about promoting your profile. I will have a crack over the weekend and see what happens.johnfm said:
poprock said:
I suppose I should post another update.
Our club night was on Friday.
We were in profit by £430 beforehand.
Took an investment of £100 from a friend for this one - it as her 30th birthday and she wanted to have her birthday night out at our club, with a live band of her choice … so we agreed to split the cost of paying the band.
So - £530 up before opening.
£100 venue hire
£200 band fee
£20 tip for our glamorous door lady
£0 on promotion (doing it mostly online now, with only a minimum of printed posters that I run out myself)
Balance at £210 profit before opening the doors.
January was always bound to be a quiet month for us. The majority of Glaswegians took an extra two days off this year and aren't even back at work until tomorrow.
We made £260 on the door in the end, which puts us at £470 in profit heading into February.
Frankly, we were glad to turn any profit at all in January with the extra expense of a live band. £40 added to the pot at the end of a great night out isn’t bad at all.
So. Three months in and we’re up by £470. Not setting the world on fire, but having a bit of fun without losing out.
Is there a bar at the venue? I assume so.Our club night was on Friday.
We were in profit by £430 beforehand.
Took an investment of £100 from a friend for this one - it as her 30th birthday and she wanted to have her birthday night out at our club, with a live band of her choice … so we agreed to split the cost of paying the band.
So - £530 up before opening.
£100 venue hire
£200 band fee
£20 tip for our glamorous door lady
£0 on promotion (doing it mostly online now, with only a minimum of printed posters that I run out myself)
Balance at £210 profit before opening the doors.
January was always bound to be a quiet month for us. The majority of Glaswegians took an extra two days off this year and aren't even back at work until tomorrow.
We made £260 on the door in the end, which puts us at £470 in profit heading into February.
Frankly, we were glad to turn any profit at all in January with the extra expense of a live band. £40 added to the pot at the end of a great night out isn’t bad at all.
So. Three months in and we’re up by £470. Not setting the world on fire, but having a bit of fun without losing out.
Why aren't you making anything from the bar take?
BoRED S2upid said:
I'd say try less established bands or an open mike night there are probably hundreds of bands who can't get a gig you don't need to pay them anything certainly not £200. Also get the band to do the promo for you pay them £100 for the first gig and if they fill the place you will double their price for the next gig. This is what we used to do.
That was a one-off. A friend whose birthday coincided with the club night wanted the band (her choice of band) to play, on promise of bringing enough people along to cover the cost. It worked out fine and kept us busy on what would otherwise have been our quietest night of the year.poprock said:
Three months in and we’re up by £470. Not setting the world on fire, but having a bit of fun without losing out.
It was time for our club night again on Friday. (First Friday of the month, every month.)Venue hire = £100
Tip for the door girl = £20
Promotion = Online plus a few posters, all free
Door take = £330
Profit = £210
So now we’re up by £680 and we’ve had four great nights out. Just one more club night for us before the 31st March deadline for this challenge.
bishbash said:
daemon said:
Been there too.
Me too, I even looked into buying phones with cracked screens and then replacing them, even these weren't really worth it.
Anthony Micallef said:
I used to pick a popular model of phone, work out its average price from the completed listings and then buy phones that were listed under value. I then just relisted them at the average price (or slightly more) for profit
What about all the eBay and PayPal fees? Didn't these eat into your margin?poprock said:
It was time for our club night again on Friday. (First Friday of the month, every month.)
Venue hire = £100
Tip for the door girl = £20
Promotion = Online plus a few posters, all free
Door take = £330
Profit = £210
So now we’re up by £680 and we’ve had four great nights out. Just one more club night for us before the 31st March deadline for this challenge.
Surely you need to add costs for doorsafe staff if your running club nights?Venue hire = £100
Tip for the door girl = £20
Promotion = Online plus a few posters, all free
Door take = £330
Profit = £210
So now we’re up by £680 and we’ve had four great nights out. Just one more club night for us before the 31st March deadline for this challenge.
I work as a mentor on something called the 'Dragons apprentice'. There are many teams of 6th form students each team is given £100 and the have to make as much as possible for a charity.
This year the team I'm managing made over £2500 from their £100 in four months. Not bad for a bunch of students who have no idea about business :-)
This year the team I'm managing made over £2500 from their £100 in four months. Not bad for a bunch of students who have no idea about business :-)
Biggs1 said:
I work as a mentor on something called the 'Dragons apprentice'. There are many teams of 6th form students each team is given £100 and the have to make as much as possible for a charity.
This year the team I'm managing made over £2500 from their £100 in four months. Not bad for a bunch of students who have no idea about business :-)
Cool. What did they do, then?This year the team I'm managing made over £2500 from their £100 in four months. Not bad for a bunch of students who have no idea about business :-)
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