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uber said:
singlecoil said:
Selling £10 notes for a fiver each will get great sales. Making money is a different issue entirely.
Actually the product hes selling costs him less than £2 which he sells for £10 + £2.99 postage. if you are going to be negative get the facts right ;Puber said:
Whats so hard to believe? One of our customers started selling 3 days ago and has just hit 8k in sales from his living room. Nothing special just a decent product and hired knowhow
From what you've said, 8 quid profit per 'thing', so he's sold a thousand things in three days. Who is handling the packing and delivery? This 'hired knowhow' cost how much? He's using a payment gateway that would authorise 8K worth of sales from nothing?
In those circumstances, none I know would release any money for a few weeks yet - and many would shut him down for fraud checks.
Of course it's possible to be in the right place at the right time, with the right contacts and the right amount of advertising for a one man band to make a killing. What's somewhat more difficult is making the process repeatable, reliable and respectable. That initial rate suggests your client is on for £700K in his first year - yet you're on another thread worrying about rental hire insurance for beach buggies. Hmmm...
Tuna said:
From what you've said, 8 quid profit per 'thing', so he's sold a thousand things in three days. Who is handling the packing and delivery?
This 'hired knowhow' cost how much? He's using a payment gateway that would authorise 8K worth of sales from nothing?
In those circumstances, none I know would release any money for a few weeks yet - and many would shut him down for fraud checks.
Of course it's possible to be in the right place at the right time, with the right contacts and the right amount of advertising for a one man band to make a killing. What's somewhat more difficult is making the process repeatable, reliable and respectable. That initial rate suggests your client is on for £700K in his first year - yet you're on another thread worrying about rental hire insurance for beach buggies. Hmmm...
Product is very seasonal so he will get 3 months out at this rate then it will soften off. Product is distributed via order fulfillment which is very cheap as the product weighs almost nothing.This 'hired knowhow' cost how much? He's using a payment gateway that would authorise 8K worth of sales from nothing?
In those circumstances, none I know would release any money for a few weeks yet - and many would shut him down for fraud checks.
Of course it's possible to be in the right place at the right time, with the right contacts and the right amount of advertising for a one man band to make a killing. What's somewhat more difficult is making the process repeatable, reliable and respectable. That initial rate suggests your client is on for £700K in his first year - yet you're on another thread worrying about rental hire insurance for beach buggies. Hmmm...
Payment gateway is not an issue as he already submitted purchase invoices and the fulfillment house photographed the stock and dispatch data is available if they want to see it.
Regarding the beach buggies we actually got them insured thanks to a chap on here and at a fantastic rate!
uber said:
singlecoil said:
You can see similar adverts tied to road furniture at some traffic lights.
Whats so hard to believe? One of our customers started selling 3 days ago and has just hit 8k in sales from his living room. Nothing special just a decent product and hired knowhow You dont just "find" a £2 product that you can sell for a tenner and sell nigh on a thousand of them in a few days.
Yipper said:
As others have said, the best jobs are where you work partly in office and partly at home. Working from home every day soon gets old. Lack of socialising, rowdy kids barging in, seeing too much of the missus, etc. etc.
I worked from home for 8 months as part of an IT project. Rate was great, and there were no travel expenses or staying away from home - which i usually do - BUT as you say, there are downsides. daemon said:
As has been said already hes either been MASSIVELY lucky and has found the goose that lays the golden eggs with his first attempt at selling OR theres a lot more to this that either hes not telling you or you're not telling us.
You dont just "find" a £2 product that you can sell for a tenner and sell nigh on a thousand of them in a few days.
Actually you can sell thousands of items from nothing if you create demand especially with Facebook. I'm sure there are people on here doing huge numbers on simple products.You dont just "find" a £2 product that you can sell for a tenner and sell nigh on a thousand of them in a few days.
uber said:
Actually you can sell thousands of items from nothing if you create demand especially with Facebook. I'm sure there are people on here doing huge numbers on simple products.
the problem with that scenario is that it becomes a race to the bottom . lots of people selling the same generic products . jas xjr said:
the problem with that scenario is that it becomes a race to the bottom . lots of people selling the same generic products .
Correct, if the product is brand new you have a few months at best. If its something that is available on Alibaba you have 60 days as long as your branding is good and you can get some decent PRuber said:
daemon said:
As has been said already hes either been MASSIVELY lucky and has found the goose that lays the golden eggs with his first attempt at selling OR theres a lot more to this that either hes not telling you or you're not telling us.
You dont just "find" a £2 product that you can sell for a tenner and sell nigh on a thousand of them in a few days.
Actually you can sell thousands of items from nothing if you create demand especially with Facebook. I'm sure there are people on here doing huge numbers on simple products.You dont just "find" a £2 product that you can sell for a tenner and sell nigh on a thousand of them in a few days.
And if its a generic product that you're just simply reselling then margins tend to be waifer thin - and if they're not from the get-go they will be as soon as the rest of the resellers out there realise its selling. Then its a race to the bottom.
Its like panning for gold. You might get a nugget now and then, however 99% of the time you'll be scratching around in the dirt.
daemon said:
I've no doubt you can, however to hit the ground running and do it with no other previous experience is nigh on impossible - hence why theres a lot more to this than either you're telling us, or you're being told.
And if its a generic product that you're just simply reselling then margins tend to be waifer thin - and if they're not from the get-go they will be as soon as the rest of the resellers out there realise its selling. Then its a race to the bottom.
Its like panning for gold. You might get a nugget now and then, however 99% of the time you'll be scratching around in the dirt.
As long as you can hire/find the talent required then going from zero to big $$$ is completely possible. Most people will find a product, look for a supplier, spend 3 weeks branding/building a website then try to market against someone who has beat them to it and is already smashing the sales.And if its a generic product that you're just simply reselling then margins tend to be waifer thin - and if they're not from the get-go they will be as soon as the rest of the resellers out there realise its selling. Then its a race to the bottom.
Its like panning for gold. You might get a nugget now and then, however 99% of the time you'll be scratching around in the dirt.
In this sort of business you need to be super fast and know when to bin the product once its all over Ebay and Amazon.
I would say what defines the success we have our self and for clients is speed, quality design, great UX and great marketing both on and if possible offline to validate a product.
uber said:
As long as you can hire/find the talent required then going from zero to big $$$ is completely possible. Most people will find a product, look for a supplier, spend 3 weeks branding/building a website then try to market against someone who has beat them to it and is already smashing the sales.
In this sort of business you need to be super fast and know when to bin the product once its all over Ebay and Amazon.
I would say what defines the success we have our self and for clients is speed, quality design, great UX and great marketing both on and if possible offline to validate a product.
The point is, it's not three day's worth of work, it's a gamble with each new item and if he's bought product up front, there is always the shipment that doesn't sell. I was talking with someone the other week who has a shipping container full of a 'great product' that sells in tens - he just can't shift it.In this sort of business you need to be super fast and know when to bin the product once its all over Ebay and Amazon.
I would say what defines the success we have our self and for clients is speed, quality design, great UX and great marketing both on and if possible offline to validate a product.
That's not to dispute it's a way to make a living, but it averages out as a living, not a killing.
cbmotorsport said:
Anything creative is a good shout, graphic design/web design etc can be done from home with the right equipment and skills.
Most graphic design jobs seem to be in creative agencies and they want you on in the office. Same goes for freelance - a lot of the work is providing extra capacity for creative agencies and they want you in their office. You can get direct client work and work at home but it's a lot more hassle.daemon said:
As has been said already hes either been MASSIVELY lucky and has found the goose that lays the golden eggs with his first attempt at selling OR theres a lot more to this that either hes not telling you or you're not telling us.
You dont just "find" a £2 product that you can sell for a tenner and sell nigh on a thousand of them in a few days.
He's found a winner on FB ads.You dont just "find" a £2 product that you can sell for a tenner and sell nigh on a thousand of them in a few days.
MitchT said:
cbmotorsport said:
Anything creative is a good shout, graphic design/web design etc can be done from home with the right equipment and skills.
Most graphic design jobs seem to be in creative agencies and they want you on in the office. Same goes for freelance - a lot of the work is providing extra capacity for creative agencies and they want you in their office. You can get direct client work and work at home but it's a lot more hassle.Also freelance copywriters work from home a lot. But yeah with the creative stuff I think unless you've already got a very good relationship they want to have you where they can see you're on the right track, not disappear for a week then come back with something completely wrong and the deadline on top of you.
I know one or two people that run blogs and facebook etc pages for small businesses, keeping regular relevant posts flowing and that's effectively their home business.
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