The £100 challenge – start a business

The £100 challenge – start a business

Author
Discussion

jammy_basturd

29,776 posts

211 months

Thursday 18th October 2012
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Just out of interest, is the venue a club anyway, so they already have bar and security?

Pickled

2,051 posts

142 months

Thursday 18th October 2012
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Bought and sold another 10 used tabs, reinvested in a job lot lot of womens boots and shoes, and with them all priced to sell quickly should see my £100 grow to £740, then I need to deduct £41 in ebay fees and find the next thing to trade...

Hoofy

76,253 posts

281 months

Thursday 18th October 2012
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Nice.

How do you know the boots are under-priced?

Shrimper

414 posts

193 months

Thursday 18th October 2012
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Bought item for £100

Broke up, sold parts for just over £200, and good opportunity came up to buy 2nd item. Ended up being a bit of an eBay punt, but paid off as loads of spares came with it that I wasn't expecting. Current total profit just over £150, with lots left to sell - I'm fairly happy so far.

More to the point, I'm enjoying the challenge!

Frimley111R

Original Poster:

15,537 posts

233 months

Friday 19th October 2012
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Good stuff chaps!

mondeoman

11,430 posts

265 months

Friday 19th October 2012
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Well done lads - shows it can be done if you're willing to take a punt.

poprock

1,984 posts

200 months

Friday 19th October 2012
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jammy_basturd said:
Just out of interest, is the venue a club anyway, so they already have bar and security?
Yep. Bar, security, etc all provided as part of the hire fee. It’s a tiny club, in the basement of a busy city centre pub. A proper old-fashioned dive.

The hire fee is a nominal sum to guarantee the booking, really. The venue relies on bar take for their profits and we keep all the door money. This sort of thing is not by any means a serious business opportunity—doing it for a living doesn’t work at this scale unless you run a club every night in a variety of venues. This wee venture is only going to be once per month.

Feel free to have a nosey if you’re on Facebook or Twitter. Or come along if you happen to be in Glasgow …

Facebook
Twitter

OlberJ

14,101 posts

232 months

Friday 19th October 2012
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For those of us who can't access that in work, where you playing T? biggrin

I'm at Stewart Francis that night but i might just come down and help out a competitior after.

poprock

1,984 posts

200 months

Friday 19th October 2012
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Och, check you and your corporate firewall …

We’re at Blackfriars in the Merchant City. First Friday of every month, starting Nov 2nd. For the launch night we have a live band (Lou Hickey & the Lovebites—they’re fantastic) who will be on at about half-eleven.



jammy_basturd

29,776 posts

211 months

Friday 19th October 2012
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OlberJ said:
I'm at Stewart Francis that night but i might just come down and help out a competitior after.
I read that sarcastically and had visions of OlberJ standing around the corner telling everyone the event had been cancelled! hehe

OlberJ

14,101 posts

232 months

Friday 19th October 2012
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Didn't realise you were a Club Noir boy T!

Will definitely try and head down after then, looks decent.

poprock

1,984 posts

200 months

Friday 19th October 2012
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Nice one—be good to see you anyway.

And yeah, I’ve been DJing for Club Noir for almost ten years now. It’s our Halloween club on Sat 27th—our biggest party of the year. Expect that to sell out. 2,500 crowd at £15.50 a ticket …

bigTee

5,546 posts

220 months

Friday 19th October 2012
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im in!

Just bought 1500 greetings cards and 2 displays for £100.

Anybody want to buy them for £200?

FactoryBacked

245 posts

231 months

Tuesday 23rd October 2012
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Well, I'm finally up and running. Wish I'd gone down the Del Boy route now as it looks like a quicker way to make some money. It's going to be a long slog with the method I have chosen.

I'm guessing we aren't allowed to post links to our sites?

Given that I only have about £25 of my £100 budget left for marketing I would like to make use of the collective wisdom and creative talents on here to come up with some Richard Branson style (cheap) marketing ideas.

My website is aimed at those of us who like to go mountain biking, road cycling, skiing, snowboarding, surfing, kite-surfing as well as those of us who compete in motorsport, go on trackdays or like to modify their cars. So basically fun blokey stuff that's really expensive. The aim of the site is to save you money and to find cool products for you to buy.

Hoofy

76,253 posts

281 months

Tuesday 23rd October 2012
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Post it here. And in your profile.

Frimley111R

Original Poster:

15,537 posts

233 months

Tuesday 23rd October 2012
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Hoofy said:
Post it here. And in your profile.
Whilst I don't mind you posting it on here the PH mods may remove it but people can always PM you/view your profile. smile

HandsomeBob

301 posts

161 months

Tuesday 23rd October 2012
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set up www.selfwrap.com 2 months ago

financials (pcm);
-domain £5.99
-website £0 (only my time 6 hours)
-website hosting £3.00 p/month
-e-mail hosting £2.00 p/month
-land line divert to mobile £2
-logo £0 (only my time 1/2 hour)
total=£8 pcm £95 per annum (under the £100 allowance)

revenues so far to date;
-sales £4,000 (approx give or take £40)
-profits £1,000

Looking to increase it's marketing/advertising to scale up....best bit is I don't even touch the products!

HandsomeBob

301 posts

161 months

Wednesday 24th October 2012
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Worth mentioning an idea I had when I was younger and jobless and on benefits, I approached local letting/property management agents, asked how their maintanence service could be bettered and offered to competitively quote for some work. Won my first job and with my last benefits payment spent about £50 worth of typical tools to do general work.

Each job took about 2/3 days and earnt approx £350/£400 on average and after 6 months of doing that I probably spent a further £30 on tools so £80 all together and the only other expense was petrol to get me to each property. Material costs were excluded from my labour rates.

Not a bad living, some weeks made about £1.5k

Frimley111R

Original Poster:

15,537 posts

233 months

Wednesday 24th October 2012
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HandsomeBob said:
set up www.selfwrap.com 2 months ago

financials (pcm);
-domain £5.99
-website £0 (only my time 6 hours)
-website hosting £3.00 p/month
-e-mail hosting £2.00 p/month
-land line divert to mobile £2
-logo £0 (only my time 1/2 hour)
total=£8 pcm £95 per annum (under the £100 allowance)

revenues so far to date;
-sales £4,000 (approx give or take £40)
-profits £1,000

Looking to increase it's marketing/advertising to scale up....best bit is I don't even touch the products!
Looks great. Where did you get your customers from?

Frimley111R

Original Poster:

15,537 posts

233 months

Wednesday 24th October 2012
quotequote all
HandsomeBob said:
Worth mentioning an idea I had when I was younger and jobless and on benefits, I approached local letting/property management agents, asked how their maintanence service could be bettered and offered to competitively quote for some work. Won my first job and with my last benefits payment spent about £50 worth of typical tools to do general work.

Each job took about 2/3 days and earnt approx £350/£400 on average and after 6 months of doing that I probably spent a further £30 on tools so £80 all together and the only other expense was petrol to get me to each property. Material costs were excluded from my labour rates.

Not a bad living, some weeks made about £1.5k
If only there'd been the £100 challenge then. You might have won with this!