How to make tons of money and retire early and/or buy a big boat.

tcm

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Well ok, it's bit of an ambitious thread title BUT....

We've moved house recently so are down from two houses to one. Tons of stuff chucked, and today i went thru the dvd/videos to see what we really needed to keep. I discarded in pile everything that ithought i wd never want to watch again, and the result was a heap of around 100 dvd's/videos.

Obviously bit much to skip them, so i suggested to the kids they put them in two handbaggage trolley bags and make a few quid selling them to the great british public, in the street this afternoon? 100 vids at a pound each means 100 quid, hm?

Kids 18 and 15 very keen on a sure-fire 100 quid and march off, certain of their imminent fortune. We live in WC2 so surely they could find a ready market in Covent Garden, praps?

Rang them via mobile an hour later. They are in Carnaby Street. How's it going? Not good - they have not sold any. Bit despondent.

I am with swmbo and we tellem to come our way and meet us near covent garden tube. Swmbo marchs them down to the collonade area, sets down the bags and shows them what to do.

Cue two rugger playing teenagers, having spent yonks at nice schools with lots of exams... Agog... at their ole mum that they *thought* just helped out doing the books atwork - IN ACTION. Cos swmbo hauled down three punters immediately, and then prods kids to do the same. Fantastic stuff.

Son#1 aged 18 tries to make excuses to leave and i tellim no chance - it is exactly this sort of gumption and ability from swmbo that has paid for any boats and houses and whatevr since before he was born. If he likes the idea of one day having a big car/house - this is a demo of some fairly important skills which might be needed on the way. Watch and learn.

There followed a practical tutorial in frontline Capitalism. Son # 2 plans to do economics - and this is actual real live Economics, see? Not a load of graphs and theories - it starts with someone asking someone else if they wd like to trade. If you can't or won't do it, you're a backroom bod, not a doer. There are loads of backroom bods.

But their mum is a doer, no question. She kicks arse, see? Kids nod humbly. First time for ages - or perhaps ever - they are in awe of their Mum showing how it's done same as she showed loads of so-called sales "professionals" and smart-suity wannabees at work, and thrashed everyone else's sales figures by a factor of at least two for over 20 years.

Son#1 suggests that heh, perhaps instead of having a sign saying "£1 each" he cd sell some for £1 ....and some for a bit more? I tellim Ah no you don't - selling should NOT be a "Con trick" - you make sure evry deal is ok if everyone else finds out. If you raise or drop the price there had better be a good reason, and not merely that you decided you could get away with fleecing someone for a fast buck, but not the other customer. The fleeced customer would go bonkers, and i bet it might have been you, once?

Lots of other issues too. Another time one or both kids were a bit embarassed that one of the vids was "Striptease" with pic of demi moore on the front, and shuffled it away. Oi! You must not be shy of what you do and what you sell - some people sell sex aids, some sell racy magazines, whatevr, no need to be embarrassed if you are working honestly, and do not harm anyone. Kids go bright red, but a punter buys the film.

Soon enough the kids have sold around 50+ quids worth before a official chap tells them they shd have licence. heyho. So they packd up and came home. Fair enuf.

Lessons here, definitely.
 
Valuable lessons not ever taught in school. Hardest part of any business is clinching the deal. It may be graft to do the work, but there ain't no work unless the service is sold. And no pay unless the money is collected!

Problems come when sales & delivery don't communicate! See Video Arts "Who sold you this then" with John Cleese, a masterpiece of comic observation.
 
Stick em on ebay with a start price of say £1.25. That way they can work from the comfort of your own home, sat on their fat backsides, and the punters who want to pay more will do so.

No license, no conscience, money comes through the air???

Then get them to write an e-book on how to do it, and sell it on ebay for a couple of quid.

Then get them to write an ebook on something else

and so on.
 
Ebay may have been easier but I think they probably learned a lot more out on the street for a few hours. Next time they want £50 for whatever mayb e they will remember how hard it was to earn it.
 
Lesson for richard?

Um, the lesson wasn't "how to sell second hand videos" tho i appreciate the suggestion The ebay option works for some things, not others.

Put it this way - you went to the med this year, and so did swmbo. Now, having started your careers with approximately sod all (or at last swmbo did) ....which of you went on your own glerk £28k private jet from london City to Cannes and back and took a few other forumites along for the ride? ....and which of you was very keen to save a few quid in marina fees by anchoring?

Hopefully with your (i'm guessing) triple ***supaseller rating at ebay as opposed to swmbo's duh can't be bothered with ebay - you did the private jet, hm?

Sure, luck plays a part but - from your response - it is evidently not the whole story, perhaps?

Size of backside is immaterial, er... sorry swmbo...

Er for some others, sorry inadvance that this thread is about horrid capitalism, moneygrubbing - it is not about whether you or anyone is nice or nasty, good or bad. We all need (some)loot for a boat, and boats are a Good Thing.
 
[ QUOTE ]
Valuable lessons not ever taught in school. Hardest part of any business is clinching the deal. It may be graft to do the work, but there ain't no work unless the service is sold.

[/ QUOTE ]

Spot on Rushy.
Good Post tcm.
 
Haha! Having met D I can imagine this very easily - I don't know what the ladee superlative is; "She's got real ovaries" doesn't hit it, really, and I'd hesitate to attribute D with testicular appendages.

Still, good going to flog £50 worth before being nobbled by the market fuzz; I'm told pasteboard table legs fastened to the bottom of a suitcase also allow an instant stall with a rapid getaway ....
 
Re: Lesson for richard?

[ QUOTE ]
Um, the lesson wasn't "how to sell second hand videos" tho i appreciate the suggestion The ebay option works for some things, not others.

[/ QUOTE ]

Agreed, and it was obviously a good lesson. I was merely suggesting a possible next step, having found you need a license, and that charging some more than others may not feel ethical on the street.

Another lesson is not to spend the money earned on stuff, but to reinvest it to generate more money, and so on.
 
PART ONE - Avoid buying the DVDs in the first place and thus save squillions on evident depreciation crash on items. Buy boat with savings.
 
Lessons from my Dad

My Dad has taught me many lessons like this over the years.
He has many sayings that are just commonsense but hit the nail on the head.
10% of something is better than 100% of nothing
Golden Rule - He who has the gold makes the rules

These are two that come readily to mind.

He started his career in the markets of the 1950s running a mind reading act and selling absoulte rubbish but people were naive in the 1950s!
DadMacclesfield53.jpg


Mind Reading Act in Macclesfield in 1953

WampaShow1.jpg


Festival Gardens - Battersea Park in 1952 Same mind reading show (Wampa Show)

He's still going strong and teaching the Gambians the theory of capitalism.....
 
Well I opened this thread with my pencil and note-book at the ready hoping to pick up a few pointers. Huh. I've only got 3 or 4 dvd's and a few betamax cassettes.
Anyway I reckon they were hoping to inherit it all from you and live a life of debauchery. I blame those posh schools..
 
It isn't how much you've got, it's what you do with it . . .

To become seriously loaded you have to like earning money though . . . and that is a bit of an acquired taste. Trouble is, once some people have acquired it they get hooked on it and forget that money is for spending.

TCM luckily hasn't fallen into that trap, and is now grooming his offspring to support him when he has finally squandered their inheriitance.
 
[ QUOTE ]
Another time one or both kids were a bit embarassed that one of the vids was "Striptease" with pic of demi moore on the front, and shuffled it away. Oi! You must not be shy of what you do and what you sell

[/ QUOTE ]

"Um, yeah dad, didn't want to sell it through embarrasement... yeah..."

"Dammit, interfering auld goat, almost had that one away"

/forums/images/graemlins/tongue.gif
 
[ QUOTE ]
If you raise or drop the price there had better be a good reason, and not merely that you decided you could get away with fleecing someone for a fast buck, but not the other customer.

[/ QUOTE ] That's good advice. Would it still apply if the customer was really annoying in the pub and maybe I thought I could teach him a lesson by upping the price?
 
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