Is there a business where it's easy to make money?
Discussion
Frimley111R said:
biggest incomes I have seen are property related. It is a lot like trading cars or buying most/easiest money came from property.
It is very easy to look back and see both capital value and rental value appreciation on property but you only tend to hear the successful stories which are only driven during a rising market. Cars can be similar in so far as they are another asset class......but like property, the huge rises in both older and new limited run higher end cars is abruptly coming to an end......try making money on cars which can lose £20k a month.
Pothole said:
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.
I know someone who basically does the above but with horses etc and he lives were comfortably!He is the biggest gambler in the world and not a millionaire but billionaire, so it can be done but very few will succeed to his level
simoid said:
jammy_basturd said:
Plus, LinkedIn was one of the first business orientated social networks. There is a reason why there have been no new successful social networks since Facebook 12 years ago!
Have you heard of Twitter, Instagram, Snapchat? 
dafydd2008 said:
Pothole said:
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.
I know someone who basically does the above but with horses etc and he lives were comfortably!He is the biggest gambler in the world and not a millionaire but billionaire, so it can be done but very few will succeed to his level
That's not to say there is not still money to be made. I know of at least 3 people who have large teams of "traders" running accounts with the main exchanges for them with professional office style setups and facilities. I just doubt that anyone is making money from running bots on poker sites.
227bhp said:
Funeral directing is pretty easy money, but consider you are very much tied to it 24/7/365. Getting woken at 3 am mid January to go pick up a stiff and showing empathy is far from pleasurable.
This reminds me of a neighbour I had once, when I moved into a block of flats. When I met him, he told me he was an undertaker.One night, I was staggering into the block at 3am after a night out, and he hurriedly passed me in the corridor, all dressed up. I asked him where he was off to and he said 'oh, out to collect another one - now this cold weather's here they start dropping like flies!'
Probably distasteful but that still ranks as one of the funniest exchanges I've had
Frimley111R said:
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.
A Canadian work colleague emigrated to France 18 years ago with just a few hundred dollars, met a nice French girl, got married and had 5 kids. In 2005 his wife inherited €600,000 euros from a distant uncle. He bought up a load of run down ex social flats (council houses since his wife's sister was on the planning committee!). He employed eastern European workers to do them up. He rented them out as privately owned social housing through the local town hall (once again using his sister in law's contacts!), and last year he sold them all off for €1.8 million. He only works part time now, but he still votes for the communist party!
When on holiday recently in Pore? (Croatia), we had a day trip to Venice on a catamaran. It wasn't a particularly big boat, but could hold 330 people.
It was fully booked, keeping in mind it wasn't peak season which is July and August. They charge 520hrk, or £50 per ticket roughly.
If you said that it was carrying 200 people on average, for 5 days per week (it runs every day in the summer), for 8 months a year (chances are it operates for longer than that!), then that's in the region of 1.6 million in ticket sales.
Obvious expenses include insurances, docking fees, a salary for a driver and some multilingual staff, fuel, and of course the original purchase of the boat.
The staff on board were selling tours, gondola rides, boat rides etc, using deals with local business taking a cut off the top, and the bar on the boat was very busy. They were even selling Venice maps for €5 each and pretty much everyone bought one. If you wanted to keep things simpler, you could just let a local travel agency staff the boat for nothing if you let them sell their excursions.
Perhaps not the easiest thing ever, but doing some (very rough and speculative) sums, it's a ton of money for what is essentially a 2 hour long boat taxi ride. What a nice little business!
Someone will be along to say why it's not so simple and I'm sure it isn't, but it just struck me how much money they can make!
It was fully booked, keeping in mind it wasn't peak season which is July and August. They charge 520hrk, or £50 per ticket roughly.
If you said that it was carrying 200 people on average, for 5 days per week (it runs every day in the summer), for 8 months a year (chances are it operates for longer than that!), then that's in the region of 1.6 million in ticket sales.
Obvious expenses include insurances, docking fees, a salary for a driver and some multilingual staff, fuel, and of course the original purchase of the boat.
The staff on board were selling tours, gondola rides, boat rides etc, using deals with local business taking a cut off the top, and the bar on the boat was very busy. They were even selling Venice maps for €5 each and pretty much everyone bought one. If you wanted to keep things simpler, you could just let a local travel agency staff the boat for nothing if you let them sell their excursions.
Perhaps not the easiest thing ever, but doing some (very rough and speculative) sums, it's a ton of money for what is essentially a 2 hour long boat taxi ride. What a nice little business!
Someone will be along to say why it's not so simple and I'm sure it isn't, but it just struck me how much money they can make!
Edited by CX53 on Monday 20th June 09:48
Pothole said:
dafydd2008 said:
Pothole said:
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.
I know someone who basically does the above but with horses etc and he lives were comfortably!He is the biggest gambler in the world and not a millionaire but billionaire, so it can be done but very few will succeed to his level
That's not to say there is not still money to be made. I know of at least 3 people who have large teams of "traders" running accounts with the main exchanges for them with professional office style setups and facilities. I just doubt that anyone is making money from running bots on poker sites.
Really interesting chat as a former senior employee of a betting company and gamekeeper turned poacher effectively. Not only that, but very candid and genuine in what he said and the information was extracted rather than offered. Clearly a far more intelligent guy than me and a head for this type of thing, matched with a strong degree in a related discipline and years of in-house experience to understand the market and the margins.
av185 said:
Frimley111R said:
biggest incomes I have seen are property related. It is a lot like trading cars or buying most/easiest money came from property.
It is very easy to look back and see both capital value and rental value appreciation on property but you only tend to hear the successful stories which are only driven during a rising market. Cars can be similar in so far as they are another asset class......but like property, the huge rises in both older and new limited run higher end cars is abruptly coming to an end......try making money on cars which can lose £20k a month.
Shnozz said:
Righto, so whilst you and dafydd know of these folk, the chap I had a lovely chat to was a fraud? I'd take the brand spankers GT2 he brought along as enough evidence he wasn't a walter mitty doing £2 accumulators on Championship games.
Really interesting chat as a former senior employee of a betting company and gamekeeper turned poacher effectively. Not only that, but very candid and genuine in what he said and the information was extracted rather than offered. Clearly a far more intelligent guy than me and a head for this type of thing, matched with a strong degree in a related discipline and years of in-house experience to understand the market and the margins.
Out of interest, when was this?Really interesting chat as a former senior employee of a betting company and gamekeeper turned poacher effectively. Not only that, but very candid and genuine in what he said and the information was extracted rather than offered. Clearly a far more intelligent guy than me and a head for this type of thing, matched with a strong degree in a related discipline and years of in-house experience to understand the market and the margins.
Shnozz said:
Righto, so whilst you and dafydd know of these folk, the chap I had a lovely chat to was a fraud? I'd take the brand spankers GT2 he brought along as enough evidence he wasn't a walter mitty doing £2 accumulators on Championship games.
I know of a bloke who had a new GT2, turns out it was leased and he didn't have it for long.951TSE said:
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.
There a big difference between your tiny 600 sq.ft, battered store run by an old couple and the large 1,200+sq.ft neighbourhood stores i.e nisa, simply fresh etc. if you have a decent store you won't need to work,purely manage. Post offices aren't great, the money from the post office would cover the salary of your staff to work it.
Lottery tickets do not make money, we get pennies on commission. Any adds that state these as weekly takings, along with pay point are not worth looking at, as pay point alone brings in £7-8k per week but very little profit. Lottery, pay points, pay zone etc are to bring customers in. Core sales is what matters and the C-store market is doing great at the moment. There is a reason why co-op, Tesco, Sainburys etc are fighting for prime store locations.
Its a good option to make good money, without having to think to hard. This is personal experience as my family are involved and extended family. Anything turning over less then £12kp.w is not worth looking at.
Examples of decent stores turning over £30k per week.
http://www.conveniencestore.co.uk/stores/store-dev...
http://www.conveniencestore.co.uk/stores/store-dev...
Edited by olivebrown on Wednesday 22 June 19:22
Edited by olivebrown on Wednesday 22 June 19:23
Edited by olivebrown on Wednesday 22 June 19:29
S11Steve said:
We had a very similar conversation with our eldest this weekend - currently his career aspirations focus on KFC "'cos they get free lunches."
Any job you enjoy and have a passion for is the easiest to make money at.
He's even more focused on KFC after that...
Sounds like he has his head screwed on the right way.Any job you enjoy and have a passion for is the easiest to make money at.
He's even more focused on KFC after that...
berlintaxi said:
S11Steve said:
We had a very similar conversation with our eldest this weekend - currently his career aspirations focus on KFC "'cos they get free lunches."
Any job you enjoy and have a passion for is the easiest to make money at.
He's even more focused on KFC after that...
Sounds like he has his head screwed on the right way.Any job you enjoy and have a passion for is the easiest to make money at.
He's even more focused on KFC after that...
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