The turn £100.00 into £10.000.00+ by the end of 2010 official thread

spartan59

thanks for the quick response

Eyesparky- its not secret stock, its just a upfront fee by the looks of things

Drinkupretty- Thanks I'll give them a call on Monday

victoriaplum1

Turia wrote: »

Heya, depends what the item it is stuck on is.

I tend to use really hot soapy water first.
If that doesnt work I tend to try nail polish remover!
and when that doesnt I use white spirit! (very rare though)

BUT the last two obviously leave a funny smell, so item will need to be "washed" or "cleaned" after.

Hth!

turia

Betterware sell 'sticky stuff remover' in a bottle, may be worth buying if you get alot of stuff that you need stickers off, if you don't get a catalogue through the door they have a website too apparently. I find a good pick at the sticker and a rub with a babywipe usually does trick.

Turia

indierocker85 wrote: »

Can I get in on this challenge please?

I am planning to do the following

Transfer surplus wages to the account I am doing the buying and selling from
Butlins bingo daily scratchcards
Overtime
Buying from charity shops and selling on ebay
Lightspeed surveys
Checking Boffer every day for possible bargains
Along with checking the grabbit while you can

So far, I have reinvested what I have profit wise. I have a few things listed that I have bought, no watchers or bidders so far though. Aw well, fingers crossed

Welcome aboard and Congrats on your engagement!! How sweet - a lovely time to propose!!

rao_2

spartan59 wrote: »

Evening all
My biggest question is tax, how does that all work??? Do I need to put aside the money for the tax bill at the end of the year or do you pay monthly, do you need to keep a proper official account etc, are we talking note book accounts or accountants????

Hope you can help

Hi,

It seems daunting at first handling tax yourself but take it a step at a time and its not too bad. The first step I took would be to simply get registered.

http://www.hmrc.gov.uk/selfemployed/iwtregister-as-self-employed.htm

After this they offer to give you a booklet which also contains a helpline number. It'll be awhile before you have to do your first tax return so don't worry too much about that yet. But when it occurs its a yearly thing and you can call them up about anything and everything on the forms or online forms if you go for the option to do it all online. Doing it online also means you also are allowed more time to do it since there's less paperwork involved for them/you.

Before you do your first return just keep records of all your sales and expenses (like fees etc.). There's a lot of different book-keeping software you could use if you prefer. Or just go the old route of printing out sales invoices etc. and so on and keeping them organised, or both! Some say an accountant pays for itself but unless you're doing tons of sales and making lots of money I don't think it'd be worth it. With smaller earnings and smaller amounts of sales it should be easier able to keep on top of things without one. Though some free advice may be available if you really need it e.g. maybe Citizen's Advice Bureau or Business Link mentioned.

Best of luck.

p00

Im probably the only person who doesnt know how dooyoo works. Can some-one explain please or post a link:o

xxp00

2cats1kid

SaucySecrets wrote: »

I'm collecting supplies to make things too, I thought I was the only one! Are you planning to sell on Ebay?

I'm thinking of a shop on Folksy, but need to research it a bit more. The school down the road does school fairs regularly, as does DD's school, so I'll probably take a pitch at both of those. Not so sure about Ebay, but I guess I might.

victoriaplum1 wrote: »

think making things is nice but because is time consuming you'd have to factor in the cost of your time and make sure it's profitable. You could sign up to your local freegle group and ask for people to give you broken necklaces and all, thats a way of getting beads and other materials for nothing (snip)

I know it's time consuming, and that's why I'm not aiming for £10K through it as I'd have to shift vanloads. I run a business already, so that is my main income, and I'm aiming for an increase in turnover for that to be the main contributor to my 10K. But I have loads of craft stuff that I really need to use (so effectively free materials, as if I don't use them they will just sit or get sold on for a fraction of what I paid for them) and crafting is my relaxation time. I'll make things whether I'm selling them or not, and end up with way more than I could ever use, or giving them away to people or just dismantling them to reuse the materials again. If I was doing it as a proper business I'd obviously have to cost time out properly, but because I'll be making things anyway the price isn't as big an issue, iykwim.

I also want to sell some Suzie Cooper plates and such, but they aren't really shifting on ebay so I'll phone a couple of antique shops and see what they'll give me for them. I know they have to make their mark up on it too, so they'll not offer me that much, but at least they will be out of the house!

cheekyemma

p00 I dont understand dooyoo either, i've signed up but cant see how u go about reviewing things!

Eyesparky

Turia wrote: »

Heya, depends what the item it is stuck on is.

I tend to use really hot soapy water first.
If that doesnt work I tend to try nail polish remover!
and when that doesnt I use white spirit! (very rare though)

BUT the last two obviously leave a funny smell, so item will need to be "washed" or "cleaned" after.

Hth!

turia

Thanks Turia ... took the advice of a few people last night and managed to ease them off with a hair dryer and plenty of patience. I was going to sell the items for my brother and split the proceeds but since agreeing to get rid of them earlier in the week, he has changed his mind today and wants to do something different with them ... a few hours down the pan (... I could have left him to clean them up ).

Eyesparky

spartan59 wrote: »

thanks for the quick response

Eyesparky- its not secret stock, its just a upfront fee by the looks of things

Drinkupretty- Thanks I'll give them a call on Monday

I have come across a few who charged upfront fees for nothing, however at £10 it may well be a measure to put off time wasters ... negotiate a refund with first order if you do choose to use them .

skintbint_2

eyesparky " I was going to sell the items for my brother and split the proceeds but since agreeing to get rid of them earlier in the week, he has changed his mind today and wants to do something different with them ... a few hours down the pan (... I could have left him to "

just a minor hiccup, you still have another 355 days to make up your time :shocked: