Is there a business where it's easy to make money?

Is there a business where it's easy to make money?

Author
Discussion

Fastchas

2,650 posts

122 months

Thursday 28th July 2016
quotequote all
singlecoil said:
Hoofy said:
The Moose said:
beko1987 said:
Taking photographs of children (with their parents permission of course)

My 4 year old got a 'fairy photoshoot' voucher for her birthday. We went to it yesterday. Admittedly it was a nice purpose built studio in a blokes back garden who has been doing it for 30 years, but he was charging nearly £1k for 8 printed photo's! The voucher came from SWMBO's sister, who had as hoot with their 3 dogs last year, they paid £1850 for 4 10x8's and a mahoosive wall print, took about an hour. The photo's do look beautiful, but £1850 would but a bloody lovely car, or 5 pretty OK cars...

He saw us turn up in a 54 plate vauxhall meriva, holding our virgin experience day voucher and toned it down to £120 for 5 10x8 prints (and was nice about it), but obviously creams money in where he can! We were 20 minutes between arriving and leaving!
You may have only been there for 20 minutes, but you're buying 30+ years of experience.
The problem is - how easy is it to spot the difference between 30+ years of experience and 1 year?

Wonder how much the tech is?
£10K would see you with a pretty nice set up. As for the 30 years experience of shooting portraits, after 1 year you really aren't going to be learning anything new.
Someone from the 'Photography & Video' will be along in a while...

singlecoil

33,726 posts

247 months

Thursday 28th July 2016
quotequote all
Fastchas said:
singlecoil said:
Hoofy said:
The Moose said:
beko1987 said:
Taking photographs of children (with their parents permission of course)

My 4 year old got a 'fairy photoshoot' voucher for her birthday. We went to it yesterday. Admittedly it was a nice purpose built studio in a blokes back garden who has been doing it for 30 years, but he was charging nearly £1k for 8 printed photo's! The voucher came from SWMBO's sister, who had as hoot with their 3 dogs last year, they paid £1850 for 4 10x8's and a mahoosive wall print, took about an hour. The photo's do look beautiful, but £1850 would but a bloody lovely car, or 5 pretty OK cars...

He saw us turn up in a 54 plate vauxhall meriva, holding our virgin experience day voucher and toned it down to £120 for 5 10x8 prints (and was nice about it), but obviously creams money in where he can! We were 20 minutes between arriving and leaving!
You may have only been there for 20 minutes, but you're buying 30+ years of experience.
The problem is - how easy is it to spot the difference between 30+ years of experience and 1 year?

Wonder how much the tech is?
£10K would see you with a pretty nice set up. As for the 30 years experience of shooting portraits, after 1 year you really aren't going to be learning anything new.
Someone from the 'Photography & Video' will be along in a while...
What do you think they might say?

Hoofy

76,413 posts

283 months

Thursday 28th July 2016
quotequote all
singlecoil said:
Hoofy said:
The Moose said:
beko1987 said:
Taking photographs of children (with their parents permission of course)

My 4 year old got a 'fairy photoshoot' voucher for her birthday. We went to it yesterday. Admittedly it was a nice purpose built studio in a blokes back garden who has been doing it for 30 years, but he was charging nearly £1k for 8 printed photo's! The voucher came from SWMBO's sister, who had as hoot with their 3 dogs last year, they paid £1850 for 4 10x8's and a mahoosive wall print, took about an hour. The photo's do look beautiful, but £1850 would but a bloody lovely car, or 5 pretty OK cars...

He saw us turn up in a 54 plate vauxhall meriva, holding our virgin experience day voucher and toned it down to £120 for 5 10x8 prints (and was nice about it), but obviously creams money in where he can! We were 20 minutes between arriving and leaving!
You may have only been there for 20 minutes, but you're buying 30+ years of experience.
The problem is - how easy is it to spot the difference between 30+ years of experience and 1 year?

Wonder how much the tech is?
£10K would see you with a pretty nice set up. As for the 30 years experience of shooting portraits, after 1 year you really aren't going to be learning anything new.
I was thinking would someone know the difference in quality between that guy and a new company? I mean, obviously, things like not cutting off the top of the head are a given!

Pickled

2,051 posts

144 months

Thursday 28th July 2016
quotequote all
beko1987 said:
I have no doubt that part of the cost is buying the 30 years of experience, and fair play to the guy. But 93% of the work he does will be simple point, shoot, present to the client, touch up quickly, print cheaply and present.

I wasn't knocking the guy, and it looked like he had some expensive kit, but the possibility to print money out of 'mundane' jobs looked high to me! We turned up 5 minutes early and had to wait for him to finish with the previous person, then when we left we met his next client. If he can do say 9 bookings a day, at say £600 average spend, that's £5,400. Obv vat, tax and wages for his daughter (who was doing the meet and greet) would eat out of that, but it wouldn't take much effort on his part to increase that more!
I very much doubt he'd get 9 bookings per day!

Look at Venture (in their various guises) they were the market leaders in this type of thing once upon a time, and it wasn't unusual for people to spend in excess of £3k, especially with their easy finance packages - now nowhere to be seen, its a tough market, certainly not one to make quick easy money, most people expect photography for peanuts.

CardinalFang

640 posts

169 months

Thursday 28th July 2016
quotequote all
lunarscope said:
34,000 ?
I would have thought the numbers would be more like 1,000,000.
Looked a bit on the low side to me too - article was in The Guardian, so could easily have been a misprint...

singlecoil

33,726 posts

247 months

Thursday 28th July 2016
quotequote all
Hoofy said:
I was thinking would someone know the difference in quality between that guy and a new company? I mean, obviously, things like not cutting off the top of the head are a given!
Somebody being a new company doesn't automatically mean that they aren't going to be good at it, and vise versa. That's how new photographers get started, by being good at it.

Cropping at the forehead is not necessarily wrong, and a good (or a bad) photographer might choose to do it if it gives the desired result.


Hoofy

76,413 posts

283 months

Thursday 28th July 2016
quotequote all
singlecoil said:
Hoofy said:
I was thinking would someone know the difference in quality between that guy and a new company? I mean, obviously, things like not cutting off the top of the head are a given!
Somebody being a new company doesn't automatically mean that they aren't going to be good at it, and vise versa. That's how new photographers get started, by being good at it.

Cropping at the forehead is not necessarily wrong, and a good (or a bad) photographer might choose to do it if it gives the desired result.

Ok, but you haven't answered my question. biggrin

singlecoil

33,726 posts

247 months

Thursday 28th July 2016
quotequote all
Hoofy said:
singlecoil said:
Hoofy said:
I was thinking would someone know the difference in quality between that guy and a new company? I mean, obviously, things like not cutting off the top of the head are a given!
Somebody being a new company doesn't automatically mean that they aren't going to be good at it, and vise versa. That's how new photographers get started, by being good at it.

Cropping at the forehead is not necessarily wrong, and a good (or a bad) photographer might choose to do it if it gives the desired result.

Ok, but you haven't answered my question. biggrin
Indeed, I'm afraid I misread the question. I can see no reason why anyone would know the difference, as long as neither of them were obviously incompetent. I think the point about 30 years experience possibly meaning 1 year repeated 30 times is a good one. On the other hand they might have continuously improved over that time.

Getting clients in and out in 20 minutes would certainly take some practice though smile.

Frimley111R

15,688 posts

235 months

Thursday 28th July 2016
quotequote all
This reminds me of a story my old business partner told me. He was walking around an art exhibition and saw a small painting for £850. He said to the (old lady) artist "How long did it take you to paint that??" She said "62 years". wink

singlecoil

33,726 posts

247 months

Thursday 28th July 2016
quotequote all
And Damien Hirst was getting 50 times that much when he was 26 wink

Thankyou4calling

Original Poster:

10,612 posts

174 months

Thursday 28th July 2016
quotequote all
beko1987 said:
I have no doubt that part of the cost is buying the 30 years of experience, and fair play to the guy. But 93% of the work he does will be simple point, shoot, present to the client, touch up quickly, print cheaply and present.

I wasn't knocking the guy, and it looked like he had some expensive kit, but the possibility to print money out of 'mundane' jobs looked high to me! We turned up 5 minutes early and had to wait for him to finish with the previous person, then when we left we met his next client. If he can do say 9 bookings a day, at say £600 average spend, that's £5,400. Obv vat, tax and wages for his daughter (who was doing the meet and greet) would eat out of that, but it wouldn't take much effort on his part to increase that more!
In my opinion he won't be taking that much a month let alone a day.

Hoofy

76,413 posts

283 months

Thursday 28th July 2016
quotequote all
singlecoil said:
Hoofy said:
singlecoil said:
Hoofy said:
I was thinking would someone know the difference in quality between that guy and a new company? I mean, obviously, things like not cutting off the top of the head are a given!
Somebody being a new company doesn't automatically mean that they aren't going to be good at it, and vise versa. That's how new photographers get started, by being good at it.

Cropping at the forehead is not necessarily wrong, and a good (or a bad) photographer might choose to do it if it gives the desired result.

Ok, but you haven't answered my question. biggrin
Indeed, I'm afraid I misread the question. I can see no reason why anyone would know the difference, as long as neither of them were obviously incompetent. I think the point about 30 years experience possibly meaning 1 year repeated 30 times is a good one. On the other hand they might have continuously improved over that time.

Getting clients in and out in 20 minutes would certainly take some practice though smile.
Ha, yes, well, managing the clients is a different thing entirely.

Freds

947 posts

138 months

Sunday 14th August 2016
quotequote all
A close friend of mine runs a courier business from a home office. In short he has a contract with Amazon to deliver parcels, he has circa 70 drivers therefore 70 vans on contract hire, all the staff are self employed and earn circa £120 a day, the bottom line to this brief breakdown is that he nets £50 a day from each operative.

bristolracer

5,546 posts

150 months

Sunday 14th August 2016
quotequote all
Freds said:
A close friend of mine runs a courier business from a home office. In short he has a contract with Amazon to deliver parcels, he has circa 70 drivers therefore 70 vans on contract hire, all the staff are self employed and earn circa £120 a day, the bottom line to this brief breakdown is that he nets £50 a day from each operative.
So 5 days a week 48 weeks a year he is making £840,000 a year. Impressive

wack

2,103 posts

207 months

Sunday 14th August 2016
quotequote all
Freds said:
A close friend of mine runs a courier business from a home office. In short he has a contract with Amazon to deliver parcels, he has circa 70 drivers therefore 70 vans on contract hire, all the staff are self employed and earn circa £120 a day, the bottom line to this brief breakdown is that he nets £50 a day from each operative.
i bought a van a couple of years ago to give sameday a go ,i paid £400 for 6 months membership of an exchange website where transport companies post their excess work but there are a number of companies that look like they're big players by their website but they don't own a single vehicle, its just a guy in an office, he answers the phone , takes the job then posts it up for some muppet to do it for peanuts a mile then at 5pm when you're fighting your way through rush hour traffic he's on his way home, easy money if you have the contacts to generate the work.

i didn't last long at it , i'd never do any driving job on a self employed basis, courier work doesn't even pay minimum wage when you add up the hours involved, the only way it pays is tramping ie job from manchester to london, london to norwich, norwich to newcastle etc etc, sleeping in the van and living on kfc

uber

856 posts

171 months

Monday 15th August 2016
quotequote all
Freds said:
A close friend of mine runs a courier business from a home office. In short he has a contract with Amazon to deliver parcels, he has circa 70 drivers therefore 70 vans on contract hire, all the staff are self employed and earn circa £120 a day, the bottom line to this brief breakdown is that he nets £50 a day from each operative.
How long did they sign the contract with him for? They seem to be going down the direct route right now cutting out the middle man.

All that jazz

7,632 posts

147 months

Monday 15th August 2016
quotequote all
bristolracer said:
Freds said:
A close friend of mine runs a courier business from a home office. In short he has a contract with Amazon to deliver parcels, he has circa 70 drivers therefore 70 vans on contract hire, all the staff are self employed and earn circa £120 a day, the bottom line to this brief breakdown is that he nets £50 a day from each operative.
So 5 days a week 48 weeks a year he is making £840,000 a year. Impressive
It isn't because it's a load of bks. His "close friend" conveniently forgot to mention the penalty charges that Amazon make for failed and/or late deliveries which you're responsible for when your subbies throw in the towel and walk after a week when they've had enough of getting paid buttons for flogging their guts out. I have experience of dealing with Amazon and was also privy to the sort of money Aple was making (one of the biggest contractors for small packages) and it wasn't anything to write home about once the penalty charges were knocked off.

Amazon are a ruthless company but they have companies falling over themselves to try and get in with them as it looks good on their company portfolio and they think they're onto a really cushy number. The reality is the complete opposite. The rates initially seem "OK" on paper as they pay slightly above average but there is absolutely NO flexibility with them whatsoever. You are required to work to their exact timings without a minute of deviation and they simply do not care for breakdowns, traffic, emergencies or anything else. In the real world this kind of st happens from time to time and you deal with it as best you can but not with Amazon. If you don't deliver (pardon the pun) then they hit with you with mega financial penalties and if you get more than a handful the contract is terminated and you're out. The rates they offer simply don't buy the level of service they demand and that's why they go through contractors like there's no tomorrow. You won't get rich working for or contracting to Amazon, I can guarantee you that.

bristolracer

5,546 posts

150 months

Monday 15th August 2016
quotequote all
All that jazz said:
bristolracer said:
Freds said:
A close friend of mine runs a courier business from a home office. In short he has a contract with Amazon to deliver parcels, he has circa 70 drivers therefore 70 vans on contract hire, all the staff are self employed and earn circa £120 a day, the bottom line to this brief breakdown is that he nets £50 a day from each operative.
So 5 days a week 48 weeks a year he is making £840,000 a year. Impressive
It isn't because it's a load of bks. His "close friend" conveniently forgot to mention the penalty charges that Amazon make for failed and/or late deliveries which you're responsible for when your subbies throw in the towel and walk after a week when they've had enough of getting paid buttons for flogging their guts out. I have experience of dealing with Amazon and was also privy to the sort of money Aple was making (one of the biggest contractors for small packages) and it wasn't anything to write home about once the penalty charges were knocked off.

Amazon are a ruthless company but they have companies falling over themselves to try and get in with them as it looks good on their company portfolio and they think they're onto a really cushy number. The reality is the complete opposite. The rates initially seem "OK" on paper as they pay slightly above average but there is absolutely NO flexibility with them whatsoever. You are required to work to their exact timings without a minute of deviation and they simply do not care for breakdowns, traffic, emergencies or anything else. In the real world this kind of st happens from time to time and you deal with it as best you can but not with Amazon. If you don't deliver (pardon the pun) then they hit with you with mega financial penalties and if you get more than a handful the contract is terminated and you're out. The rates they offer simply don't buy the level of service they demand and that's why they go through contractors like there's no tomorrow. You won't get rich working for or contracting to Amazon, I can guarantee you that.
My comment was tongue in cheek, I don't for a second believe that a courier contractor is going to make more money than the average CEO of a Ftse 100 company does.

All that jazz

7,632 posts

147 months

Monday 15th August 2016
quotequote all
bristolracer said:
My comment was tongue in cheek, I don't for a second believe that a courier contractor is going to make more money than the average CEO of a Ftse 100 company does.
I know it was tongue in cheek. I was just adding my 2p on the back of it.

Thankyou4calling

Original Poster:

10,612 posts

174 months

Monday 15th August 2016
quotequote all
Freds said:
A close friend of mine runs a courier business from a home office. In short he has a contract with Amazon to deliver parcels, he has circa 70 drivers therefore 70 vans on contract hire, all the staff are self employed and earn circa £120 a day, the bottom line to this brief breakdown is that he nets £50 a day from each operative.
Apart from this being nonsense, I hardly think the operational management of 70 drivers will ever be an easy way to make money.