Low start up business ideas

Low start up business ideas

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Discussion

Mashwort

83 posts

153 months

Monday 30th July 2018
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48k said:
How long does the "once you get the hang of it" take? It's just taken me best part of an hour to get going and have a dabble. If it works my bets are going to net a shade over £4. laugh (Dutch Connection in the 3pm at Goodwood tomorrow, decimal odds 13, backed on Coral, layed on Betfair). Which seems like a lot of effort for little return.

Edited by 48k on Monday 30th July 11:54
Hi 48k, by the 3 day I'd got it to doing the bets and offsets done in under an hour and over a week averaged a shade under 50 per day. Similar results from 2 mates who also sign d up.

48k

12,978 posts

147 months

Monday 30th July 2018
quotequote all
Mashwort said:
48k said:
How long does the "once you get the hang of it" take? It's just taken me best part of an hour to get going and have a dabble. If it works my bets are going to net a shade over £4. laugh (Dutch Connection in the 3pm at Goodwood tomorrow, decimal odds 13, backed on Coral, layed on Betfair). Which seems like a lot of effort for little return.

Edited by 48k on Monday 30th July 11:54
Hi 48k, by the 3 day I'd got it to doing the bets and offsets done in under an hour and over a week averaged a shade under 50 per day. Similar results from 2 mates who also sign d up.
The thing I don't understand is how do you make any money once you've exhausted the free bets? The free bets are only for new players so once you've signed up with a bookie and used their free bet, that's it. The way i see it these sites are just trying to attract people to get some kind of referral kickback for themselves, there's no long term money to be made.


Mashwort

83 posts

153 months

Monday 30th July 2018
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fair point 48k, although they had 700+ offers in they inventory when I last logged on and these update / refresh on regular basis (not all joining offers). The guy that put me onto this has used it off and on over an extended period and hasn't run out of offers to generate the cash and the guy that put him on to it claims to have made close to £10k over a year (which equates to 4 days per week at the £50 ave I got) but now we are into mates of mates so....

Rascal_71

15 posts

91 months

Monday 30th July 2018
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Tim2k9 said:
Finally matched betting, sports trading, arbing, casino offers, etc is a genuine way to make money. Here’s a guide https://www.escapetherace.today/matched-betting-gu... the first £500-1000 is easy to make but after that it takes more effort. People do it full time but I’d treat it more as a second income.
Had a go at the arbs myself last year. It's not as easy as it sounds but it's possible to generate a second income. I was making about £40/50 a day. The bigger your bank the more you can make obviously. I was doing it more as a hobby/experiment. Some of the bigger bookies soon latched on to me though and limited my stakes. That was even when I was rounding my stakes up to make it less obvious. It got to the point where I didn't have the time to do it but it's something I would go back to in the future.

Badda

2,655 posts

81 months

Monday 30th July 2018
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Rascal_71 said:
Tim2k9 said:
Finally matched betting, sports trading, arbing, casino offers, etc is a genuine way to make money. Here’s a guide https://www.escapetherace.today/matched-betting-gu... the first £500-1000 is easy to make but after that it takes more effort. People do it full time but I’d treat it more as a second income.
Had a go at the arbs myself last year. It's not as easy as it sounds but it's possible to generate a second income. I was making about £40/50 a day. The bigger your bank the more you can make obviously. I was doing it more as a hobby/experiment. Some of the bigger bookies soon latched on to me though and limited my stakes. That was even when I was rounding my stakes up to make it less obvious. It got to the point where I didn't have the time to do it but it's something I would go back to in the future.
Could you tell me more? Quite fancy dabbling in this over the next couple of months. Thanks smile

Rascal_71

15 posts

91 months

Monday 30th July 2018
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Badda said:
Rascal_71 said:
Tim2k9 said:
Finally matched betting, sports trading, arbing, casino offers, etc is a genuine way to make money. Here’s a guide https://www.escapetherace.today/matched-betting-gu... the first £500-1000 is easy to make but after that it takes more effort. People do it full time but I’d treat it more as a second income.
Had a go at the arbs myself last year. It's not as easy as it sounds but it's possible to generate a second income. I was making about £40/50 a day. The bigger your bank the more you can make obviously. I was doing it more as a hobby/experiment. Some of the bigger bookies soon latched on to me though and limited my stakes. That was even when I was rounding my stakes up to make it less obvious. It got to the point where I didn't have the time to do it but it's something I would go back to in the future.
Could you tell me more? Quite fancy dabbling in this over the next couple of months. Thanks smile
Sure drop me a message (If that's possible on here..)

Badda

2,655 posts

81 months

Monday 30th July 2018
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Yhm smile

A1

680 posts

210 months

Thursday 2nd August 2018
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I’ve done exactly what your looking to do. I saw something in the industry I was in and took the plunge

Started with £500 but have had some help of my friends in different areas, aswell as my own knowledge to get the business started

My first month is not over yet but net profit is looking at 8-10k. That’s in my first month I work from home

Stick to what you know and that helps

My overall target is to just sell the business in a few months

Ps I’m not dealing in drugs or anything illegal before anyone asks



Edited by A1 on Thursday 2nd August 02:08

Tim2k9

132 posts

78 months

Thursday 2nd August 2018
quotequote all
Badda said:
Rascal_71 said:
Tim2k9 said:
Finally matched betting, sports trading, arbing, casino offers, etc is a genuine way to make money. Here’s a guide https://www.escapetherace.today/matched-betting-gu... the first £500-1000 is easy to make but after that it takes more effort. People do it full time but I’d treat it more as a second income.
Had a go at the arbs myself last year. It's not as easy as it sounds but it's possible to generate a second income. I was making about £40/50 a day. The bigger your bank the more you can make obviously. I was doing it more as a hobby/experiment. Some of the bigger bookies soon latched on to me though and limited my stakes. That was even when I was rounding my stakes up to make it less obvious. It got to the point where I didn't have the time to do it but it's something I would go back to in the future.
Could you tell me more? Quite fancy dabbling in this over the next couple of months. Thanks smile
Rascal_71; Your issue was doing “arbs” that takes profit directly from bookies so they will gub you pretty quick.

Badda, the start is pretty easy. You go down the bookies sign up offers, back and laying which should net you between £600-1500 depending on how many accounts you don’t have and how close you get the matches.

This works because a bookie will generally give a free bet as a sign up offer, for example there is one that gives £30 when you place a bet of £10.

To extract the profit you will place your first bet of £10 and lay the result at the exchange. For this example we will say you take a qualifying loss of £1. A qualifying loss comes about as the odds at a bookies are generally lower than the exchange.

They then give you a free bet if £30. With this you then follow the same method to back and lay to extract as much of the £30 as possible.

Aftwr sign up offers there are what’s called reload offers. Which can account for well over £2000 a month if you are willing to put the effort in. I’m happy to explain these if anyone wants?

My best advice would be to grab an account at censored.

ETA

No affiliated links please.



Edited by Big Al. on Saturday 25th August 20:04

FredClogs

14,041 posts

160 months

Thursday 2nd August 2018
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With that amount of free storage available you could look at buying a few pallets of stuff from alibaba and knocking it out on ebay/car boot sales, via your own website etc...

Ignore the idea of match betting it's a mugs game.

crosseyedlion

Original Poster:

2,170 posts

197 months

Thursday 2nd August 2018
quotequote all
Thanks all for your help.

Regarding matched betting, I've done that in fits and starts for years. Its absolutely not a sustainable income and misses the point of building a business. When the doors are closed you have nothing.

I've decided to stick to what I know, not the cheapest or easiest of options but setting up as a mobile mechanic - with the view to getting premises once busy enough.

Operating mostly from a van Its going to be hard, freezing and wet much of the year and income levels limited - but I know cars. Looking to focus more on vehicle inspections and sourcing where possible too. I'd also like to get my trailer licence and offer race support (I have 4 years experience running a TVR in the Tuscan challenge and more recently a T400 in Global Endurance Legends).

Wish me luck...


Shnozz

27,419 posts

270 months

Thursday 2nd August 2018
quotequote all
crosseyedlion said:
Thanks all for your help.

Regarding matched betting, I've done that in fits and starts for years. Its absolutely not a sustainable income and misses the point of building a business. When the doors are closed you have nothing.

I've decided to stick to what I know, not the cheapest or easiest of options but setting up as a mobile mechanic - with the view to getting premises once busy enough.

Operating mostly from a van Its going to be hard, freezing and wet much of the year and income levels limited - but I know cars. Looking to focus more on vehicle inspections and sourcing where possible too. I'd also like to get my trailer licence and offer race support (I have 4 years experience running a TVR in the Tuscan challenge and more recently a T400 in Global Endurance Legends).

Wish me luck...
Given your background have you considered (even as a secondary sideline) a service akin to Rob Ingleby? Have a look at his website but as far back as I can remember he was the go to man to just go around inspecting TVRs for prospective buyers and then sending them a report on the subject matter.

EarlOfHazard

3,601 posts

157 months

singlecoil

33,312 posts

245 months

Thursday 2nd August 2018
quotequote all
crosseyedlion said:
Wish me luck...
I do. You'll definitely want to specialise though. Better to travel further and work as a specialist on (for instance) TVRs for suitable money than to drive around the corner to keep an old Renault Megane on the road for another year.

crosseyedlion

Original Poster:

2,170 posts

197 months

Thursday 2nd August 2018
quotequote all
Shnozz said:
Given your background have you considered (even as a secondary sideline) a service akin to Rob Ingleby? Have a look at his website but as far back as I can remember he was the go to man to just go around inspecting TVRs for prospective buyers and then sending them a report on the subject matter.
Absolutely. Inspections are something I will be offering. TVR's are something of a speciality actually, The bulk of my mechanic experience has been working for a well known TVR Specialist.


Edited by crosseyedlion on Thursday 2nd August 09:37

Shnozz

27,419 posts

270 months

Thursday 2nd August 2018
quotequote all
As Singlecoil reinforces though, specialism rather than "I do car inspections" would be more attractive IMO. Although the skillset is of course the same, and you can B/S by being a "specialist" and running identical businesses for whatever marque you want, people tend to view the specialist with more trust than someone offering the service across brands. As ridiculous as it is.

I won't make comment as to some of my own experiences over the years but would say there is certainly room for a new entrant in the market. The reality with these sort of cars, especially with TVRs as the numbers dwindle down; they are based nationwide and have their own foibles to consider. They don't sit on the market long and often busy people cannot get out of work when an advert pops up on a Wednesday morning, the car is in Newcastle and they are in Devon. To be able to get there in 24 hrs, inspect the car, email them a report within a day with a detailed set of photos/video for consideration and to allow them to make an offer from the other end of the country would be something worthy of a decent fee I should imagine.

InitialDave

11,854 posts

118 months

Thursday 2nd August 2018
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Not to be a miserable bugger, but what's the insurance situation with this sort of stuff? Not just the typical mechanic "you worked on it and now it's buggered" disagreements, but with the inspections, how do you cover yourself for scenarios along the lines of "you told me this was a solid car, but it needs three grand spending on it"?

crosseyedlion

Original Poster:

2,170 posts

197 months

Thursday 2nd August 2018
quotequote all
InitialDave said:
Not to be a miserable bugger, but what's the insurance situation with this sort of stuff? Not just the typical mechanic "you worked on it and now it's buggered" disagreements, but with the inspections, how do you cover yourself for scenarios along the lines of "you told me this was a solid car, but it needs three grand spending on it"?
Being extremely thorough with records, photos and videos and being upfront with the customer in writing regarding your own limitations in inspecting is about the only effective insurance against this.

singlecoil

33,312 posts

245 months

Thursday 2nd August 2018
quotequote all
crosseyedlion said:
InitialDave said:
Not to be a miserable bugger, but what's the insurance situation with this sort of stuff? Not just the typical mechanic "you worked on it and now it's buggered" disagreements, but with the inspections, how do you cover yourself for scenarios along the lines of "you told me this was a solid car, but it needs three grand spending on it"?
Being extremely thorough with records, photos and videos and being upfront with the customer in writing regarding your own limitations in inspecting is about the only effective insurance against this.
And getting someone from the AA (or similar) to inspect your own car and then studying all the get-out clauses on their paperwork would put you in good stead for getting your own paperwork written and printed.

madmover

1,725 posts

183 months

Wednesday 8th August 2018
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jeremyc said:
Bicycle repairs, second hand sales and hire?

Is there a significant cycling/mountain biking scene in the Peak District you could serve? Maybe offer mobile repairs/recovery as a differentiator?
rental and work with a good B&B as packaging it.