Is it possible to earn £30K+ working from home?

Is it possible to earn £30K+ working from home?

Author
Discussion

MitchT

Original Poster:

16,677 posts

223 months

Tuesday 1st May 2007
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I keep getting leaflets through the door saying ‘Earn £100-£1000 a week working from home’ and stuff like that. I don't trust them. Should I try one or is it a scam?

I want to work from home. I need to make at least £30K/year. Any ideas?

alltorque

2,646 posts

283 months

Tuesday 1st May 2007
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randlemarcus

13,619 posts

245 months

Tuesday 1st May 2007
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Its not a scam, per se, but its probably some form of pyramid scheme.

You cannot earn a decent wage folding leaflets, or sending Viagra emails, or answering online market research questionnaires, end of story.

Have you thought about starting a small business, filling a gap in the local market - its riskier, and a lot more work, but you're more likely to get to your target income after a couple of years...

grahambell

2,718 posts

289 months

Tuesday 1st May 2007
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Most of these things are for network marketing schemes, most probably Kleeneze, Herbalife or Amway.

While it is possible to earn £30K+ with these it's extremely unlikely. To really make big money you have to build a large network of other people (which is why you get these leaflets ) and get a percentage of all the sales they make.

However, building a large network isn't easy and few people succeed in doing it.

The reality is that most people actually make either a loss or a tiny profit before they decide it's more effort than it's worth and pack it in.

I speak from experience...

MitchT

Original Poster:

16,677 posts

223 months

Tuesday 1st May 2007
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alltorque said:

Nice rofl But I think I'd have to pay them!

jacko lah

3,297 posts

263 months

Tuesday 1st May 2007
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A mate of mine buys and sells garden furniture on ebay, as a side line, whilst he's a student. In 2 years he reckons he's made 30K part time.

The way see it is that to make £30 PA full time from home you need to Buy and sell stuff in large quantities. I BELIEVE It is do-able, you just need a few good suppliers and to research a few product lines that sells and are easy to ship.

RichBurley

2,432 posts

267 months

Tuesday 1st May 2007
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The "small outlay, 16 hours per week, must be over 18@ jobs are without exception ALL Kleeneze. I know, I used to sell for Kleeneze...

SGirl

7,922 posts

275 months

Tuesday 1st May 2007
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jacko lah said:

The way see it is that to make £30 PA full time from home you need to Buy and sell stuff in large quantities. I BELIEVE It is do-able, you just need a few good suppliers and to research a few product lines that sells and are easy to ship.


Or else get yourself a marketable skill. I do very nicely out of working at home - I'm a full-time translator. I don't even know what I earned last year, I haven't had time to count it all yet! hehe

moikhunt

1,651 posts

250 months

Tuesday 1st May 2007
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send me £10 and I'll reveal the "lazy mans way to wealth"

TheOriginalGT40

334 posts

218 months

Thursday 10th May 2007
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MitchT said:
I keep getting leaflets through the door saying ‘Earn £100-£1000 a week working from home’ and stuff like that. I don't trust them. Should I try one or is it a scam?

I want to work from home. I need to make at least £30K/year. Any ideas?


No matter how good they look, these are all Pyramid Selling scams. They do their best to say they are not, but everyone requires you to get more people involved. You end up spending more than you get, and only a very small handful of people will make money, those are the very top. I'm surprised that Watchdog does not pick this up.

There are very few jobs that will give you a 30K income while working from home, unless you are prepared to put in the hours and that you can offer a real product or service.

Become a male escort, and charge £150 per hour for your services, and you'll make a mint if you are good at it

shadowninja

78,436 posts

296 months

Thursday 10th May 2007
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Dunno about £30k but there's one way of earning £40k on another thread*.

www.pistonheads.com/gassing/topic.asp?h=0&t=389332









*- or losing your entire savings.

cymtriks

4,561 posts

259 months

Tuesday 29th May 2007
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I know someone who makes circa 25K a year from home.

She buys furniture on ebay and then resells it in the local small adds and a village shop for more. Ebay has a time limit and many buyers prefer to see what they are getting. Those two facts make her profit margin.

The shop is a new addition to her scheme, she used to just use her garage.

Sometimes she just sticks stuff straight back on ebay but with a better listing.

This is pretty much a full time activity by the way.

30K is probably do able, I just wish I could think of a niche to fill for myself!

TheOriginalGT40

334 posts

218 months

Wednesday 30th May 2007
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Is that 25K turnover, or 25K clear profit?

Also how many people who 'work' on eBay are informing Inland Revenue of this extra income??

Ebay and PayPal (the same company for those who might not realise) are making a huge amount of money. The boss of PayPal owns a McLaren F1 road car. So while they are making a mint from us all, the Inland Revenue seems to be doing nothing which is effecting the conventional retailer in the high street who is having to pay such high business costs!!

No wonder conventional independent retailers in the high streets are disapearing at an alarming rate!

cymtriks

4,561 posts

259 months

Wednesday 30th May 2007
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TheOriginalGT40 said:
Is that 25K turnover, or 25K clear profit?

Also how many people who 'work' on eBay are informing Inland Revenue of this extra income??

Ebay and PayPal (the same company for those who might not realise) are making a huge amount of money. The boss of PayPal owns a McLaren F1 road car. So while they are making a mint from us all, the Inland Revenue seems to be doing nothing which is effecting the conventional retailer in the high street who is having to pay such high business costs!!

No wonder conventional independent retailers in the high streets are disapearing at an alarming rate!
Profit. The tax man knows.

High street small shops just don't pay much. I know some people who've done it and they make very little. Many of them do it more as a hobby than as a serious business

Nikko2

10 posts

249 months

Friday 8th June 2007
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Cannot remember where I read it but the IR does monitor ebay. Might have been on the register.

So if you are making decent money on there they may well find you.

TheOriginalGT40

334 posts

218 months

Friday 8th June 2007
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Nikko2 said:
Cannot remember where I read it but the IR does monitor ebay. Might have been on the register.

So if you are making decent money on there they may well find you.
Even if part-timers are not making huge sums, say turning over 10-20K per year, that is still having a major impact on real traders with retail outlets who are in the nique markets such as collectibles.

Part-timers on eBay never have to pay business rates/rentals, overheads, salaries etc...

That's why small independent traders are going to the wall each month - it has nothing to do with Tesco's, it's bloody ebayers killing off high street trade now for these specialist shops.

Obiwonkeyblokey

5,400 posts

254 months

Wednesday 4th July 2007
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TheOriginalGT40 said:
Nikko2 said:
Cannot remember where I read it but the IR does monitor ebay. Might have been on the register.

So if you are making decent money on there they may well find you.
Even if part-timers are not making huge sums, say turning over 10-20K per year, that is still having a major impact on real traders with retail outlets who are in the nique markets such as collectibles.

Part-timers on eBay never have to pay business rates/rentals, overheads, salaries etc...

That's why small independent traders are going to the wall each month - it has nothing to do with Tesco's, it's bloody ebayers killing off high street trade now for these specialist shops.
To be fair though, thats no-one in particulars fault, its just evolution.

Lots of people have also embraced this sort of technology in line with their existing businesses quite successfully.

Imf people dont adapt they will simply fade away. Its how its always been.

Something will probably come along one day and scuppper ebay in the same way. I wish i could work out now what it might be though!

JurekB

2,394 posts

215 months

Wednesday 18th July 2007
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Nikko2 said:
Cannot remember where I read it but the IR does monitor ebay. Might have been on the register.

So if you are making decent money on there they may well find you.
Without a doubt, a chap I know trades software on ebay and made an absolute fortune. He actually stopped after about 6 months to prevent himself ending up in the top rate tax bracket. He still managed to get an unannounced PERSONAL visit from 2 members of the Inland revenue!

Fortunately he has an accountant so he simply gave them his accountants card and sent them on their way.