The £100 challenge – start a business

[Frimley111R]

Hoofy said:

dfen5 said:

Does the £100 have to includs stock at start up?

The consensus was that yes otherwise you'd just empty out your house and make the most profit.

Yes, as above.

[BartSimpson]

FactoryBacked - E-commerce websites - one cycling related and one motorsport related. To start with...
Shrimper - breaking of a particular sport-specific item and resale of individual parts
Wet Paint - Independent cinema (starting as a small film club)
Hoofy - (1) Health website (2) Porn Pointless YT videos
Mondeoman - Gaming accessories
raw - Skinning Carbon Fibre car parts
OlberParts - Breaking vehicles
Elster - Industry Specific App
InertialTooth45 - Homebrewing
Muppetdave - Making and selling furniture/trinkets from old car/boat/tractor etc. parts/breakers
BartSimpson - Selling car parts to them there Americans

[Frimley111R]

Day 1!

[poprock]

I happen to have just started something, but it's going to go slightly over the £100 budget. Seems to be a nicely timed coincidence though, so I'm happy to report back here on how it goes if anyone’s interested—but I’ll be out of the contest, I think.

A friend and I are kicking off a small monthly club night at a local venue. The two of us will DJ, promote, book guest artists, etc. Perfectly normal deal, nothing special other than our established names and fanbase. (Neither of us does nightclubs/DJing for a living - it’s just a bit of fun on the side.)

Our venue hire for the launch night is £100. So £50 each. There’s additional expense of printing up some flyers and posters - which will take us over the permitted £100, although probably only by twenty or thirty quid.

I’m only mentioning it here because the budget is very close to the £100 challenge and the timescale is spot-on … we lay down a deposit and start promoting later this week—and if it’s not in decent profit by March we’ve failed and we walk away.

[bishbash]

FactoryBacked - E-commerce websites - one cycling related and one motorsport related. To start with...
Shrimper - breaking of a particular sport-specific item and resale of individual parts
Wet Paint - Independent cinema (starting as a small film club)
Hoofy - (1) Health website (2) Porn Pointless YT videos
Mondeoman - Gaming accessories
raw - Skinning Carbon Fibre car parts
OlberParts - Breaking vehicles
Elster - Industry Specific App
InertialTooth45 - Homebrewing
Muppetdave - Making and selling furniture/trinkets from old car/boat/tractor etc. parts/breakers
BartSimpson - Selling car parts to them there Americans
Bishbash - Building a web application

I might not be in much (or any) profit by march, but if I've got the application built by then I'll be reasonably happy, so I'm going to use this thread more as inspiration than anything else.

[tinman0]

poprock said:

Our venue hire for the launch night is £100. So £50 each. There’s additional expense of printing up some flyers and posters - which will take us over the permitted £100, although probably only by twenty or thirty quid.

Check out Saxoprint. Got 10,000 business cards printed the other week by them for - £52, including courier from Germany! Turned up double sided printed as well!

[poprock]

tinman0 said:

Check out Saxoprint. Got 10,000 business cards printed the other week by them for - £52, including courier from Germany! Turned up double sided printed as well!

Cheers! I’m a designer by trade, so have plenty of local printers who owe me favours … I’m sure that’ll be useful to some of the other folk on this thread though. 10K is one hell of a deal for that price.

[Frimley111R]

tinman0 said:

Check out Saxoprint. Got 10,000 business cards printed the other week by them for - £52, including courier from Germany! Turned up double sided printed as well!

Blimey! We pay £25 for 250.

[FactoryBacked]

Frimley111R said:

Day 1!

Predictably my website was not ready to roll today. I am trying to apply the final bit of polish to it but as I am a relative novice with websites, and not a graphic designer, I am struggling to get it how I would like.

I think I may just draw a line under it in a few days and say near enough is good enough so that I can crack on and see if the idea actually works.

[OlberJ]

FactoryBacked - E-commerce websites - one cycling related and one motorsport related. To start with...
Shrimper - breaking of a particular sport-specific item and resale of individual parts
Wet Paint - Independent cinema (starting as a small film club)
Hoofy - (1) Health website (2) Porn Pointless YT videos
Mondeoman - Gaming accessories
raw - Skinning Carbon Fibre car parts
OlberMotivation - Automotive art pieces
Elster - Industry Specific App
InertialTooth45 - Homebrewing
Muppetdave - Making and selling furniture/trinkets from old car/boat/tractor etc. parts/breakers
BartSimpson - Selling car parts to them there Americans
Bishbash - Building a web application

Righto, time is at a premium for me and breaking a car ain't gonna cut it so i'm gonna go for some Automotive art and see if it sells.

I have a garage full of spares so i'll try and value them as part of the £100 to keep it fair. If it works out, i know i'll be able to pick up the component parts for peanuts.

Let the games begin!

[Hoofy]

Can you lot stop cocking up the quoting?

[OlberJ]

Pay me £20 and i'll see what i can do

[BartSimpson]

So had my first deal off a car forum in America.

I paid the equivalent of 98GBP for the parts from my local franchise in Bangkok. So my deal is as follows;

Parts 4860THB = 98GBP
Sold 425USD = 263.45GBP
Shipping via EMS with tracking 1400THB = 28.22
Paypal fees 17USD = 10.53GBP

Total Cost = 136.75GBP

Total Profit = 126.70GBP

Please forgive my not revealing too much detail.

[InertialTooth45]

BartSimpson said:

So had my first deal off a car forum in America.

I paid the equivalent of 98GBP for the parts from my local franchise in Bangkok. So my deal is as follows;

Parts 4860THB = 98GBP
Sold 425USD = 263.45GBP
Shipping via EMS with tracking 1400THB = 28.22
Paypal fees 17USD = 10.53GBP

Total Cost = 136.75GBP

Total Profit = 126.70GBP

Please forgive my not revealing too much detail.

Where did you get the extra £36.75 from? :P

[bishbash]

InertialTooth45 said:

Where did you get the extra £36.75 from? :P

His profits?

[BartSimpson]

bishbash said:

InertialTooth45 said:

Where did you get the extra £36.75 from? :P

His profits?

The extra costs were Paypal, and shipping which came out of the profit.

[Hoofy]

BartSimpson said:

bishbash said:

InertialTooth45 said:

Where did you get the extra £36.75 from? :P

His profits?

The extra costs were Paypal, and shipping which came out of the profit.

The issue would be whether you paid the charges after you made the profit or not...

[condor]

I've invested £10 on a small selection of oil paints,couple of brushes and some canvas paper with the intention of selling my artwork

[Hoofy]

condor said:

I've invested £10 on a small selection of oil paints,couple of brushes and some canvas paper with the intention of selling my artwork

Sounds good. Where will you sell them?

[condor]

Got to paint something first

I'll probably show the first one off in my local pub and wait for the compliments to flow - if they don't then I'll know it's not that good an idea but will make someone a Christmas present instead. £10 not wasted either way