Is there a business where it's easy to make money?
Discussion
berlintaxi said:
Why? That is the whole point of companies accounts being in the public domain, or is it as we all know complete b
ks.
I found it.ks.Mr X X X holds 3 appointments at 3 active companies, has resigned from 1 companies and held 0 appointments at 0 dissolved companies. X began their first appointment at the age of 30. Their longest current appointment spans 6 years, 11 months and 4 days at X X X
The combined cash at bank value for all businesses where X holds a current appointment equals £43.1k, a combined total current assets value of £43.1k with a total current liabilities of £64.7k and a total current net worth of £69.7k. Roles associated with X X X X within the recorded businesses include: Director
That's not a great deal for a 6 year old company. 2 of the 3 are too new to have figures. Certainly not as lucrative as Fred claims unless some books have been cooked. Having said that if he is clever he has incorporated elsewhere like I do because I don't want "normal folk" looking at one of my semi dormant companies and thinking I fail at life because they aren't 5 figures.
Company accounts in the public domain suck, from people shunning you because you make too much money in their 9-5 small minded lives to people expecting you to pay for everything to people targeting your house to source their christmas presents in some (rare) cases.
LeapingDeere said:
I think that if there was lots of businesses which were easy to make money then we'd all be doing it.
I also think lost of people here have been talking about being millionaires etc. The line between easy and big money is very different.
In theory it would be very easy to sell for example T shirts at a serious mark up and make 'easy money'. Selling them at the right places would probably make a decent living for yourself as everyone has T Shirts so you have a big market to sell to, but you are one of many others doing the same. Also what sort of life are you living selling T-Shirts? You might be out every weekend and working odd hours, is that the lifestyle you want?
From my experience the only people who make big money from business are from two examples. One in ultra high growth industries, for examples telecommunications in the 90's. The second and most common is selling the business.
The ultimate scenario would be a big & easy money business, but I'm not sure it exists anymore.
Scrap metal industry had been relatively easy but it has so many regulations and stigmas. Someone mentioned
amusement halls, I have a mutual acquaintance who's family have some on the coast, and it's a cash heavy business, but it's not something you can just waltz into, the capital investment from the ground up is high and trying to get a prime property to get punters on the seafront could be nigh on impossible. Similar with funeral directors, it seems to be a hereditary business only.
I work in a family business and we hired a translator for a trade show we did in Germany for a week. Her fee was 1500EUR plus travel expenses (accommodation was in her fee) She was totally worth it and it seems to be one of the cheapest going rate for good ones. I asked her that it's a good way to make a living since most of it was for keeps and she gets to go around Europe. She said that you have to charge that because you don't get it everyday, the same goes for photographers etc. Your paying not only for when they aren't working but they have to factor in living when they dont get work, Do you want to live under those condition of not having guaranteed work, particularly through a potential future recession.
I was reading about this courier service posts earlier and whilst I don't know his business, I do a lot of work with logistic and shipping companies. The margins they work on can unbelievably low. I know a few haulage firms working on 4% margins. It's such a cut throat business. I'm fairly dubious onto that sort of margin, if he can, well done to him but good luck because sooner or later somebody will start doing it cheaper.
It's a bit of a myth that selling to the big boys is good, but usually the likes of Amazon or the supermarkets just dictate the price and cut you off in a heartbeat if they get it cheaper. You can be turning over all this money but have nothing left over to show for it. A good example was the sausage company on that BBC programme, selling to Tesco who change a price at a moments notice and leave them at a loss.
The 2 easiest ways I have found are digital content creation and then using that as a platform for consulting. You can easily charge £1-3k per hour (if you actually give the right advice) if you can prove you know your industry.I also think lost of people here have been talking about being millionaires etc. The line between easy and big money is very different.
In theory it would be very easy to sell for example T shirts at a serious mark up and make 'easy money'. Selling them at the right places would probably make a decent living for yourself as everyone has T Shirts so you have a big market to sell to, but you are one of many others doing the same. Also what sort of life are you living selling T-Shirts? You might be out every weekend and working odd hours, is that the lifestyle you want?
From my experience the only people who make big money from business are from two examples. One in ultra high growth industries, for examples telecommunications in the 90's. The second and most common is selling the business.
The ultimate scenario would be a big & easy money business, but I'm not sure it exists anymore.
Scrap metal industry had been relatively easy but it has so many regulations and stigmas. Someone mentioned
amusement halls, I have a mutual acquaintance who's family have some on the coast, and it's a cash heavy business, but it's not something you can just waltz into, the capital investment from the ground up is high and trying to get a prime property to get punters on the seafront could be nigh on impossible. Similar with funeral directors, it seems to be a hereditary business only.
I work in a family business and we hired a translator for a trade show we did in Germany for a week. Her fee was 1500EUR plus travel expenses (accommodation was in her fee) She was totally worth it and it seems to be one of the cheapest going rate for good ones. I asked her that it's a good way to make a living since most of it was for keeps and she gets to go around Europe. She said that you have to charge that because you don't get it everyday, the same goes for photographers etc. Your paying not only for when they aren't working but they have to factor in living when they dont get work, Do you want to live under those condition of not having guaranteed work, particularly through a potential future recession.
I was reading about this courier service posts earlier and whilst I don't know his business, I do a lot of work with logistic and shipping companies. The margins they work on can unbelievably low. I know a few haulage firms working on 4% margins. It's such a cut throat business. I'm fairly dubious onto that sort of margin, if he can, well done to him but good luck because sooner or later somebody will start doing it cheaper.
It's a bit of a myth that selling to the big boys is good, but usually the likes of Amazon or the supermarkets just dictate the price and cut you off in a heartbeat if they get it cheaper. You can be turning over all this money but have nothing left over to show for it. A good example was the sausage company on that BBC programme, selling to Tesco who change a price at a moments notice and leave them at a loss.
twoblacklines said:
The 2 easiest ways I have found are digital content creation and then using that as a platform for consulting. You can easily charge £1-3k per hour (if you actually give the right advice) if you can prove you know your industry.
What do you define as digital content creation and how can you use that as the platform you've mentioned?Frimley111R said:
Any delivery driver type job seems to simply involve who will do the work for the cheapest possible amount. That's no wayt to make money in this field.
There is a decent living to be made in courier work - just like any business it's how you run it.I do it as a side line mainly doing the international work as the money is far better.
£120k goods in transit insurance cost me £550 a year and there was no charge to add hire and reward to my traders policy.
It's not a full time job but a nice side line that can fit into my day job.
Drive swb van West London to Dublin £850 plus vat
SWB van to Paris £830 plus vat (£150 for ferry £20 tolls and £80 for fuel)
Large van around London for half a day £200.
Large van West London to Glasgow was £600 plus vat.
Done London to Machester with return load for £400 plenty of times.
I've done work through third party for major clients eg a celebrity has left his umbrella behind and wants it delivered now from Fleet Street to Cheshire. £300
Or a high court judge has left their laptop behind and they need it now.
Or a major delivery company has sent things to wrong location so sub out to courier to deliver... Most jobs are just fixing people's mis orders that have been shipped.
And all these prices are after at least one forwarder has taken their commission of 10 to 30 percent.
It's quite possible to earn £400 a day after fuel in a busy day in a small van and £500 after fuel is definitely possible in a Luton sized van.
If you like driving it defines easy money.
How easy is it to set up as a self employed delivery driver?
I did think about doing this a couple of years back when my divorce was going through. Here in France company based delivery drivers are generally immigrants paid crap minimum wage for 50h+per week and setting up as self employed is a nightmare.
I've always loved driving.
I did think about doing this a couple of years back when my divorce was going through. Here in France company based delivery drivers are generally immigrants paid crap minimum wage for 50h+per week and setting up as self employed is a nightmare.
I've always loved driving.
rosbif77 said:
How easy is it to set up as a self employed delivery driver?
I did think about doing this a couple of years back when my divorce was going through. Here in France company based delivery drivers are generally immigrants paid crap minimum wage for 50h+per week and setting up as self employed is a nightmare.
I've always loved driving.
Find a courier company and ask if you can work for them on a percentage of the value of the job. That is unless you want to earn £9 an hour.I did think about doing this a couple of years back when my divorce was going through. Here in France company based delivery drivers are generally immigrants paid crap minimum wage for 50h+per week and setting up as self employed is a nightmare.
I've always loved driving.
A one man band cannot really go directly to business customers as wont have ability to serve their needs better to approach courier company.
All that happens is all their drivers are out on jobs or its unsocial hours and they phone you and quote you the job at a price. Also they prefer to sub out international jobs because it's difficult for them to send their staff on these jobs. Most of the jobs I've done are those other drivers don't want to do due to high value of goods / driving in Europe / have to unload van in rediculous location / has to be there at awkward time / etc
Most courier companies sub out the longer distance jobs so they can keep an eye on staff, do more local work for local customers, not put loads of miles on their vehicles etc etc
It's a great little side line but has a shelf life as driverless van must be coming!!!
anonymous said:
[redacted]
Last Friday I drove from West London to Bournmouth and had to be there before 0830, had a return load to a theme park in Surrey started to drive to Surrey got as far as Reading job came in for collection from Salsbury collected from Salsbury then drove to Surrey then dropped off the Salsbury job in West London waited for it to be processed then drive back to Salsbury! Then back home to Surrey.Started work at 0600 drove effectively non stop until 2030 when I got home.
That day was a real earner - IF you are capable of driving like that then you can do courier work - none of this I'm doing 56 trying to get 45 mpg whole way flat out 80 plus as the job pays extra for ASAP return dedicated dispatch on motorway customer needs goods ASAP.
Do most work for IT providers if I'm delivering £250k of equipment I'm entitled to a decent wage to deliver it to Scotland from London. I've had to do the product finance paperwork hand over to the asset factorer so it requires an intermediatory to hand over goods and get signed off.
The only way you will earn is if you have a forwarder who deals with major major clients - I can't name them but collecting from Fleet Street newspaper or collecting false teeth that need to go to USA ASAP is the range of jobs!
Best job I ever had so far was deliver music equipment to music festival in central France had to help set it all up and got paid to stay in France for three days then it paid to return it to Uk.
I've been to music festivals across uk delivering sound and lighting equipment and film and tv studios it's great and I get paid for it!
Plus for London jobs I take my 911 in the summer with the roof down is far better than a van. It's not much dearer to run than the van either lol. Sometimes I get paid to deliver a letter to EC4 !!!
Maybe I'll write an ebook and sell it on eBay how to make money from courier work.
Evanivitch said:
nct001 said:
Started work at 0600 drove effectively non stop until 2030 when I got home.
Which is illegal. Please explain who or what
Has incurred
1. Loss
2. Injury
3. Harm
If you are talking about an Act of Parliament or legislation then I'm fine I'll contentiously object - we are ruled by consent and I'm alright looking after myself - don't need any government help.
Obviously if you want to earn money without a profession you will have to bend the rules, the black economy as it's known is how business begins. The vat man and tax man certainly don't complain!
On some of these runs I've had an escort through London or up M40 / if a judge wants his laptop for 11am then that's how it is.
nct001 said:
Can't have broken "the law"
Please explain who or what
Has incurred
1. Loss
2. Injury
3. Harm
If you are talking about an Act of Parliament or legislation then I'm fine I'll contentiously object - we are ruled by consent and I'm alright looking after myself - don't need any government help.
Obviously if you want to earn money without a profession you will have to bend the rules, the black economy as it's known is how business begins. The vat man and tax man certainly don't complain!
On some of these runs I've had an escort through London or up M40 / if a judge wants his laptop for 11am then that's how it is.
Being ignorant of the law is no excuse should you be involved in an accident, in which case any evidence thay you've exceeded the limits could see criminal charges.Please explain who or what
Has incurred
1. Loss
2. Injury
3. Harm
If you are talking about an Act of Parliament or legislation then I'm fine I'll contentiously object - we are ruled by consent and I'm alright looking after myself - don't need any government help.
Obviously if you want to earn money without a profession you will have to bend the rules, the black economy as it's known is how business begins. The vat man and tax man certainly don't complain!
On some of these runs I've had an escort through London or up M40 / if a judge wants his laptop for 11am then that's how it is.
It isn't about protecting you, but protecting others from your mistakes.
https://www.gov.uk/drivers-hours/gb-domestic-rules
nct001 said:
Last Friday I drove from West London to Bournmouth and had to be there before 0830, had a return load to a theme park in Surrey started to drive to Surrey got as far as Reading job came in for collection from Salsbury collected from Salsbury then drove to Surrey then dropped off the Salsbury job in West London waited for it to be processed then drive back to Salsbury! Then back home to Surrey.
Started work at 0600 drove effectively non stop until 2030 when I got home.
That day was a real earner - IF you are capable of driving like that then you can do courier work - none of this I'm doing 56 trying to get 45 mpg whole way flat out 80 plus as the job pays extra for ASAP return dedicated dispatch on motorway customer needs goods ASAP.
Do most work for IT providers if I'm delivering £250k of equipment I'm entitled to a decent wage to deliver it to Scotland from London. I've had to do the product finance paperwork hand over to the asset factorer so it requires an intermediatory to hand over goods and get signed off.
The only way you will earn is if you have a forwarder who deals with major major clients - I can't name them but collecting from Fleet Street newspaper or collecting false teeth that need to go to USA ASAP is the range of jobs!
Best job I ever had so far was deliver music equipment to music festival in central France had to help set it all up and got paid to stay in France for three days then it paid to return it to Uk.
I've been to music festivals across uk delivering sound and lighting equipment and film and tv studios it's great and I get paid for it!
Plus for London jobs I take my 911 in the summer with the roof down is far better than a van. It's not much dearer to run than the van either lol. Sometimes I get paid to deliver a letter to EC4 !!!
Maybe I'll write an ebook and sell it on eBay how to make money from courier work.
Your case is the exception rather than the norm. I have some doubts about the figures you're quoting in your OP for doing some of those runs, particularly the UK ones as full 44 tonne artic loads are less than most of them. I'm not saying it isn't possible but you'd have to be very well connected and probably have a nice brown envelope arrangement in place with the office in order to secure that kind of cream work. The reality is for the other 99% of couriers that due to all the foreigners driving night and day for 10ppm there just isn't a living to be made from it without driving flat out everywhere for 20 hours a day. Your £400 net profit job was nice but how often do the stars align with the jobs all enroute to each other?Started work at 0600 drove effectively non stop until 2030 when I got home.
That day was a real earner - IF you are capable of driving like that then you can do courier work - none of this I'm doing 56 trying to get 45 mpg whole way flat out 80 plus as the job pays extra for ASAP return dedicated dispatch on motorway customer needs goods ASAP.
Do most work for IT providers if I'm delivering £250k of equipment I'm entitled to a decent wage to deliver it to Scotland from London. I've had to do the product finance paperwork hand over to the asset factorer so it requires an intermediatory to hand over goods and get signed off.
The only way you will earn is if you have a forwarder who deals with major major clients - I can't name them but collecting from Fleet Street newspaper or collecting false teeth that need to go to USA ASAP is the range of jobs!
Best job I ever had so far was deliver music equipment to music festival in central France had to help set it all up and got paid to stay in France for three days then it paid to return it to Uk.
I've been to music festivals across uk delivering sound and lighting equipment and film and tv studios it's great and I get paid for it!
Plus for London jobs I take my 911 in the summer with the roof down is far better than a van. It's not much dearer to run than the van either lol. Sometimes I get paid to deliver a letter to EC4 !!!
Maybe I'll write an ebook and sell it on eBay how to make money from courier work.
I also question the sanity of driving for 14.5 hours round London and the south of England to be a "real earner" when the route you've taken makes no sense at all. You state above that your eventual route was : London > Bournemouth > Reading > Surrey > West London > Salisbury > Surrey. Am I missing something or is your geography not too good, same for your planning? Why would you be going past Reading enroute Bournemouth to Surrey? Also why go past West London to Surrey and then come back when you could've dropped it off on your way to Surrey?
When you factor in the huge amount of hours you're having to work without breaks, the stress of traffic hold-ups, road closures etc and also the time spent when you're not driving having to clean, service and maintain the van, do your invoicing and accounts etc, it's no way to live your life and will take its toll on your body sending you to an early grave. Also if you're calculating ALL time spent doing business related stuff (not just the driving) you'll find that you're not actually making anywhere near as much as you think you are if you were to work it out to an average hourly rate.
Hoofy said:
What do you define as digital content creation and how can you use that as the platform you've mentioned?
Creating something for a few grand and then selling it a few thousand times a month is a good example.As for the platform if you can prove success doing so then other people want to know how, and you charge them a consultation fee.
I still have a reasonable amount of income from digital content I created 4 years ago, every month, which I never touch! To me that project is dead but it still creates income!
twoblacklines said:
Creating something for a few grand and then selling it a few thousand times a month is a good example.
As for the platform if you can prove success doing so then other people want to know how, and you charge them a consultation fee.
I still have a reasonable amount of income from digital content I created 4 years ago, every month, which I never touch! To me that project is dead but it still creates income!
Twoblacklines - great to hear a success story in content creation. I've dabbled, but residual income isn't notable. Any tips for accessing a broad market? Most seem to advise building a base "blog" and deploy through that. Would you agree? As for the platform if you can prove success doing so then other people want to know how, and you charge them a consultation fee.
I still have a reasonable amount of income from digital content I created 4 years ago, every month, which I never touch! To me that project is dead but it still creates income!
twoblacklines said:
Hoofy said:
What do you define as digital content creation and how can you use that as the platform you've mentioned?
Creating something for a few grand and then selling it a few thousand times a month is a good example.As for the platform if you can prove success doing so then other people want to know how, and you charge them a consultation fee.
I still have a reasonable amount of income from digital content I created 4 years ago, every month, which I never touch! To me that project is dead but it still creates income!
twoblacklines said:
The 2 easiest ways I have found are digital content creation and then using that as a platform for consulting. You can easily charge £1-3k per hour (if you actually give the right advice) if you can prove you know your industry.
1-3k AN HOUR!!!!I can't believe anybody or any company would pay that.
I accept there are worlds out there I know little about but an average of £2000 an hour sounds incredible.
Thankyou4calling said:
1-3k AN HOUR!!!!
I can't believe anybody or any company would pay that.
I accept there are worlds out there I know little about but an average of £2000 an hour sounds incredible.
Its an hours real hard work delivered possibly over a month ;o) possibly even automatically if its social. I can't believe anybody or any company would pay that.
I accept there are worlds out there I know little about but an average of £2000 an hour sounds incredible.
Not the same I know but a pal had a real logistics issue he could not solve and whilst we were talking about social stuff he said it was doing his head in and couldn't solve it - I knew a company that could do it and referred him for a perfect fix. Translate that to business consultancy and a 5 minute "call George at Acme logistics" could have been spread out over a month or more.
CrouchingWayne said:
Twoblacklines - great to hear a success story in content creation. I've dabbled, but residual income isn't notable. Any tips for accessing a broad market? Most seem to advise building a base "blog" and deploy through that. Would you agree?
Not personally, I use other platforms but solid social media backing adds value and builds trust and is very necessary in 2016.Hoofy said:
Ah, I see. I do like the idea. I guess decent YT videos is one way.
It is but that's not what I personally meant. I don't want to give away too much. No one who is making a good amount of money is going to create competition. I freely talk about another way in my post history but competition is pretty moot there.People who pay such rates want to skip the 1-2 years it took the adviser to learn (and the profits wasted along the way).
It is a general concept that the cheaper you offer a service or product the less it gets used. I have given away info for free to people before as a favor and they either didn't listen or didn't put into practice any of the advice I gave, and then complained when it obviously didn't work.
It is a general concept that the cheaper you offer a service or product the less it gets used. I have given away info for free to people before as a favor and they either didn't listen or didn't put into practice any of the advice I gave, and then complained when it obviously didn't work.
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