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

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

Author
Discussion

DUMBO100

1,878 posts

183 months

Wednesday 15th June 2016
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We hired a "Disney Princess" for my nieces birthday party. £100 for 1 hour!! My Brother in Law was chatting her up but she disnae do extras.


Hoofy

76,253 posts

281 months

Wednesday 15th June 2016
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DUMBO100 said:
We hired a "Disney Princess" for my nieces birthday party. £100 for 1 hour!! My Brother in Law was chatting her up but she disnae do extras.
biggrin

I charge closer to £200 for an hour on average. And I'm not even worth shagging.

(And no, I don't provide a venue or food, either.)

Edited by Hoofy on Wednesday 15th June 23:42

NewChurch

222 posts

97 months

Thursday 16th June 2016
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NewChurch said:
The Spruce goose said:
I think bot mining/playing. like programing bots to play online poker whatever and make small sums of money based on a probability to you (usually against humans0 aim to make about £5 per hour. Have 100 of these playing 24 hour = profit.
If you are smart enough to program a bot that is actually is +ev in today's games, and you are able to make it undetectable, you've just wasted a few thousand hours that could have been spent on something actually productive long term. Online poker is not the answer to anyone anymore.
Shnozz said:
I was chatting to a PH'er (or certainly someone who had attended a PH organised meet) who did just that a few weeks ago. Utterly fascinating it was too. As for it being undetectable - certainly not. And in fact "welcomed" insofar as a close eye was paid to where his business was placed so as to know where the market was out of equilibrium. Oh, and the way global markets were structured meant that it was never inside Europe.
One thing I should have said in my first post is that, anyone who does create a bot is a huge unethical douche bag. Unfortunately there are networks out there that turn a blind eye to bots as they provide much needed liquidity. Most of these networks however are seeing fewer and fewer new players and are declining.
Arrrggghh, trying to format multi quoting I've lost half my reply. Summary: online poker is fked.


Edited by NewChurch on Thursday 16th June 01:01

Femur

285 posts

98 months

Thursday 16th June 2016
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bristolracer said:
Keep up gross I said,

It's a tongue in cheek post
Most rich people I know spend all their time and effort earning it
The Ferrari never turns a wheel, the home cinema is never switched on, they are never there or simply don't have time.
That's very true! Lovely houses but they're in them for a few hours at the weekend, or more likely out and about with the family. Life's a balance that's for sure.

sgrimshaw

7,311 posts

249 months

Thursday 16th June 2016
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bristolracer said:
silentbrown said:
bristolracer said:
London property' did 15% last year.
Buy property for 1 million sell a year after and make an easy 150 k gross.
Stamp Duty: £73,750
Agent's fees, survey, conveyancing?
Keep up gross I said,
So did you mean to say "net" then?

drainbrain

5,637 posts

110 months

Thursday 16th June 2016
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Moneylending, done properly, is a very lucrative business.

olivebrown

137 posts

109 months

Thursday 16th June 2016
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Convenience stores in a half decent location should turn over 16-20k per week or 30k+ in great location, profit is in region of 18-20%. Even one that does 12kp.w will give a decent living but may have to put 8 hours a day in it.


markcoznottz

7,155 posts

223 months

Thursday 16th June 2016
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olivebrown said:
Convenience stores in a half decent location should turn over 16-20k per week or 30k+ in great location, profit is in region of 18-20%. Even one that does 12kp.w will give a decent living but may have to put 8 hours a day in it.
Indigenous Brits didn't want to do the hours years ago, hence why Asians made a lucrative living pre supermarket era. You basically have to live at work.

Frimley111R

15,535 posts

233 months

Friday 17th June 2016
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If I take a step back, the biggest incomes I have seen are property related. It makes sense, spend big, make big (assuming you do it right obviously). A few years ago a friend bought a flat for about £100k, did it up (£20k) and sold for £180k. Although it obviously involved work, effort and skill, for the income it was not hard work. No 9-5, no boss etc. It is a lot like trading cars or buying/selling anything though, the skill is in the buying. I'd say that, of all the people I know, they most/easiest money came from property.

dave_s13

13,813 posts

268 months

Friday 17th June 2016
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markcoznottz said:
olivebrown said:
Convenience stores in a half decent location should turn over 16-20k per week or 30k+ in great location, profit is in region of 18-20%. Even one that does 12kp.w will give a decent living but may have to put 8 hours a day in it.
Indigenous Brits didn't want to do the hours years ago, hence why Asians made a lucrative living pre supermarket era. You basically have to live at work.
Surely, the only way to make a decent wedge from that is to own a few and just manage them, not sit there 24hrs a day wishing you would just die to end the boredom.

There is no easy way to make money unless you steal it.

Thankyou4calling

Original Poster:

10,595 posts

172 months

Friday 17th June 2016
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olivebrown said:
Convenience stores in a half decent location should turn over 16-20k per week or 30k+ in great location, profit is in region of 18-20%. Even one that does 12kp.w will give a decent living but may have to put 8 hours a day in it.
I would have thought this was a route to absolutely NOT making money easily.

I'd be surprised if the convenience store near me turned over £3k a week, barely see a soul going in there, it'd have a good margin and I'd imagine the owner owns the premises but even so.

veevee

1,455 posts

150 months

Friday 17th June 2016
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Thankyou4calling said:
olivebrown said:
Convenience stores in a half decent location should turn over 16-20k per week or 30k+ in great location, profit is in region of 18-20%. Even one that does 12kp.w will give a decent living but may have to put 8 hours a day in it.
I would have thought this was a route to absolutely NOT making money easily.

I'd be surprised if the convenience store near me turned over £3k a week, barely see a soul going in there, it'd have a good margin and I'd imagine the owner owns the premises but even so.
They only really make money from lottery tickets, have a look for any for sale, the first thing mentioned is always their lottery turnover.

Needs more than 8 hours per day + help.

Steve H

5,224 posts

194 months

Saturday 18th June 2016
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veevee said:
They only really make money from lottery tickets, have a look for any for sale, the first thing mentioned is always their lottery turnover.

Needs more than 8 hours per day + help.
How much money can you make from lottery tickets?


Camelot's website said:
National Lottery retailers will earn 5% in sales commission for each draw-based game – and 6% commission on each National Lottery Scratchcard (established independent National Lottery retailers earn, on average, over £6,500 per annum in lottery commission).
Sounds about right, sell one ticket per minute, that's £120/hour or £1200/day = £60/day margin. Wind those figures up or down to what seems realistic, they aren't going to form a major part of the shops income.

Steve H

5,224 posts

194 months

Saturday 18th June 2016
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Agreed, kind of the point I was making.

951TSE

600 posts

156 months

Saturday 18th June 2016
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veevee said:
Thankyou4calling said:
olivebrown said:
Convenience stores in a half decent location should turn over 16-20k per week or 30k+ in great location, profit is in region of 18-20%. Even one that does 12kp.w will give a decent living but may have to put 8 hours a day in it.
I would have thought this was a route to absolutely NOT making money easily.

I'd be surprised if the convenience store near me turned over £3k a week, barely see a soul going in there, it'd have a good margin and I'd imagine the owner owns the premises but even so.
They only really make money from lottery tickets, have a look for any for sale, the first thing mentioned is always their lottery turnover.

Needs more than 8 hours per day + help.
Another thing to look out for would be sub-post office branch in the store. Post office counters Ltd usually pay a salary to run the counter and you also get commission on sales.

MX5_Nutter

1,487 posts

106 months

Sunday 19th June 2016
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Buy bottles of spring water from Makro (24X500ml = £2.87)

Travel around to festivals and sell for £2 each. Doesn't get much simpler then that!

Jasandjules

69,825 posts

228 months

Sunday 19th June 2016
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Travel around the world (Private Jets and Limos only of course, ensuring 5* hotels only) talking s***e about the AGW myth...

But realistically OP, most things where it is easy to make money have long been flooded...

mike74

3,687 posts

131 months

Sunday 19th June 2016
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For years and years there has been one dog grooming parlour in my town and that only seemed to be open about 3 days a week, in the last 18 months a further 3 have all opened up and the original one has moved to much bigger premises... not sure where this huge increase in demand for dog grooming has suddenly come from but it certainly seems to be a money spinner.

Pothole

34,367 posts

281 months

Sunday 19th June 2016
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Shnozz said:
NewChurch said:
The Spruce goose said:
I think bot mining/playing. like programing bots to play online poker whatever and make small sums of money based on a probability to you (usually against humans0 aim to make about £5 per hour. Have 100 of these playing 24 hour = profit.
If you are smart enough to program a bot that is actually is +ev in today's games, and you are able to make it undetectable, you've just wasted a few thousand hours that could have been spent on something actually productive long term. Online poker is not the answer to anyone anymore.
I was chatting to a PH'er (or certainly someone who had attended a PH organised meet) who did just that a few weeks ago. Utterly fascinating it was too. As for it being undetectable - certainly not. And in fact "welcomed" insofar as a close eye was paid to where his business was placed so as to know where the market was out of equilibrium. Oh, and the way global markets were structured meant that it was never inside Europe.
Unless you've seen his bank records I'd take anything you heard with a massive pinch of salt. None of the bigger (and therefore worth playing in) rooms encourage bots and all the betting exchange platforms charge you for using them - they're easily detectable. Basically the guy you were talking to is a gambler. Gamblers lie. All the time.

DSLiverpool

14,670 posts

201 months

Sunday 19th June 2016
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Tongue in cheek as I realise it's a valuable business tool - Teach SAP & be an embrace changer! Money for old rope for years!