Old idea worth starting?

[SXi Lad]

Im after small amount of profit just for a starter as I'm 17, so I was wondering whether or not the keyring business is worth it these days. I was going to first see how it went by buying 5 keyrings for £1.87 then sell one for 95p with a picture. But looking on ebay their doesnt seem to be alot of people wanting to buy them these days. Any opinions?

Thanks

Brad

[SXi Lad]

Cheers Lads Im buying 5 keyrings with a bottle opener at the bottom of them. Might keep one for myself I was thinking of the lines of maybe selling them at my school. And I might base it on requests like football teams or something like that.
Iv seen those keyrings with the pound attached, so many options

[SXi Lad]

KingRichard said:

I would also bet that you can get 5 keyrings for free if you called a keyring manufacturer and asked for a selection of samples. That way you can also ask them about prices for larger amounts if your idea takes off

The cheapest I could find was £1.70 plus 80p for postage for 5, do you think thats reasonable?

Edited by SXi Lad on Wednesday 15th April 12:10

[SXi Lad]

DamoLLb said:

KingRichard said:

SXi Lad said:

KingRichard said:

I would also bet that you can get 5 keyrings for free if you called a keyring manufacturer and asked for a selection of samples. That way you can also ask them about prices for larger amounts if your idea takes off

The cheapest I could find for 5 was £1.70 + 80p for pp

http://www.buyking.co.uk/promotional-products/keyrings.php?ppcc=KR013&gclid=CPvt-sLh8pkCFYZM5Qodo0qbSA - cheap ETA you'll have to cut n paste that address for some reason, but they are 26p each.

http://www.rocketbadge.co.uk/default.html - cool bespoke stuff.

Edited by KingRichard on Wednesday 15th April 12:19

to get the rate of 26p you will need to buy 5000!

theres no way that Il shift 5000 keyrings and theres no way that Il spend over £100 for a bulk. Thanks anyway. They will no doubt laugh there heads of when they see Im after only 5.

[SXi Lad]

KingRichard said:

SXi Lad said:

DamoLLb said:

KingRichard said:

SXi Lad said:

KingRichard said:

I would also bet that you can get 5 keyrings for free if you called a keyring manufacturer and asked for a selection of samples. That way you can also ask them about prices for larger amounts if your idea takes off

The cheapest I could find for 5 was £1.70 + 80p for pp

http://www.buyking.co.uk/promotional-products/keyrings.php?ppcc=KR013&gclid=CPvt-sLh8pkCFYZM5Qodo0qbSA - cheap ETA you'll have to cut n paste that address for some reason, but they are 26p each.

http://www.rocketbadge.co.uk/default.html - cool bespoke stuff.

Edited by KingRichard on Wednesday 15th April 12:19

to get the rate of 26p you will need to buy 5000!

theres no way that Il shift 5000 keyrings and theres no way that Il spend over £100 for a bulk. Thanks anyway. They will no doubt laugh there heads of when they see Im after only 5.

We're not laughing our heads off are we?

Your first mission is to see if you can buy these keyrings you've found and sell them for a profit. Go on, get on with it...!

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.

Edited by SXi Lad on Wednesday 15th April 12:49

[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.

[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

[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?

[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

[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

[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

[SXi Lad]

Hey sorry for the delay. I got the 5 keyrings in the post this morning, just busy asking a few mates first. Already got one request, boyfriend and girlfriend rubbish. Il keep you's updated as it goes along cheers for all the advice guys.

[SXi Lad]

TomE said:

OP - well done to you too, good on you for having some get up and go and also for having the guts to ask for advice. I wish I'd had the balls to do the same at your age! How are you getting on with it all?

You could still try it. Just for a laugh maybe. My cousin used to buy clothes from TK Maxx and then sell them on the amercian ebay site. Life all about taking risks I guess

Edited by SXi Lad on Saturday 18th April 10:54

Forgot to ask, is it illegal for me to post notices through peoples letter box. Do I have to ask the council?

Edited by SXi Lad on Saturday 18th April 10:57

[SXi Lad]

3 already sold, so iv already broke even with 50p profit Yassss!!!

Edited by SXi Lad on Saturday 18th April 12:53

[SXi Lad]

Chris_w666 said:

See what Credit Crunch

Just over 15,000 more then I can get my MX-5

Chris_w666 said:

About the leaflets you don't need permission to do it but you may get a few calls/emails or whatever complaining that 'someone pushed some crap through my door and I don't effing like it!' .

Yeah thought so, might leave the leaflet's it's a bit overboard just for keyrings.

[SXi Lad]

muppetdave said:

Try the facebook idea - you have nothing to lose do you!!!

Yeah I will try that. I'am just searching manufacturers at the moment. I'v started it on my msn, alot of people are sending me pictures they want. 6 people are buying one and 2 people are wanting to buy two. So business is pritty good, never expected it to go so fast, my cousin who lives down in plymouth has given me some tips, as he used do the same thing. Had some trouble with photos people are sending me, when I either reduce or increase them to size the go all pixelated. Iv nicked my mums HP photo printer so hopefully I can just upload them onto the printer which has loads of settings of sizes and layouts

[SXi Lad]

littlegreenfairy said:

Do you have a hobbycraft near you? I've bought blank keyrings from there before.

Il check it out, thanks. Can you remember how much you paid for one?

[SXi Lad]

Goochie said:

Another thing you could do is a bit of research into girls names then print a nice tag with the name and some ponsy words about the meaning of the name - girls love that kind of thing and would pay £1 at least to have it in a keyring.

If you're feeling really cheeky, you could go into Clintons with a camera phone, take pictures of such items and use very similar text.

Great idea, cheers



Im just thinkng if Makro or Costco sells batches of keyrings

[SXi Lad]

littlegreenfairy said:

SXi Lad said:

Goochie said:

Another thing you could do is a bit of research into girls names then print a nice tag with the name and some ponsy words about the meaning of the name - girls love that kind of thing and would pay £1 at least to have it in a keyring.

If you're feeling really cheeky, you could go into Clintons with a camera phone, take pictures of such items and use very similar text.

Great idea, cheers



Im just thinkng if Makro or Costco sells batches of keyrings

79p for 4.

OMFG and i spent over £2 for 5, Im off to hobbycraft next time.

[SXi Lad]

skeggysteve said:

Also very nice to see KR giving business advice rather than asking for it

Can't be that difficult running a taxi business.





Joke