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

cannysaver09

I'm up for a challenge please add me !!

Turia

helzbelz_57 wrote: »

this has already probably been covered but this thread is moving so fast i cant keep up.

has anyone come up with a spreadsheet to keep track of what the spend and make?

Have drafted up a blank, i can forward to you if want and you can then use it to chop and change as you need to fit it to your circumstances if you like? Just pm me your email and ill forward it.

Its not a super dooper spreadsheet mind you, but just a basic one to start off.

Eyesparky

cannysaver09 wrote: »

I'm up for a challenge please add me !!

Welcome to the mad house . Scrooge2008 will be along to add you to the list at some point ... if he misses you in the clutter of the thread, just pipe up again and you will be found. Good luck

kosma1

ok, as the lotto has still eluded me this week i am with you for at least another week, but shall have to do more tomorrow, as now it is time for bed, wishing you all luck with any sales you have going through, good luck to all who venture to any car boots tomorrow if open, let's hope tommorrow brings us all new and exciting opportunities xx

cally6008

whilst we're on the subject of spreadsheets, a request from me for people reading this thread and not taking part ... if you want a copy of the spreadsheet that i've done for ebay postage and packing costs ... please please send me your email address first, it saves me having to log on here to send you a message asking for email address to wait for replies etc etc

indierocker85

OK, think I may have simplified this.

• I started with £87.05 instead of £100 (I think, and worked this out by the following)

I spent £10.38 on Charity shop stuff
I spent £19.27 on Ebay fees so I could list

This left £57.40

I spent £17.73 on an item to re-sell, which sold on ebay BIN for £23 and I was paid into PayPal which was negative -£22.01. So now I have a penny in payPal. (think this is whats messed things up)

This left £39.67, I think.

I spent a further £12.98 on an item to re-sell

I have £26.69 left in the account I am doing the buying and selling from.

Anybody any clue what P/L I am at?

I am making my confusion worse I think

Eyesparky

Turia wrote: »

Eyesparky, I know what you mean!

As i haven't yet managed any listings and sales on ebay ive been putting it off BUT, the intention is to go down the route you're suggesting which is one dedicated page per revenue stream (ebay/amazon/play) with each item individually listed with its income and relevant costings and fees .

anyway got a blank set up now! woohoo! (i think?!)

P.S. pm'ed you!

Sent you a PM back

moneymakestheworldgoround

I personally wouldnt include the paypal negative balance in my figures. It related to a situation outside of this challenge.

Only my view

JoeyGrey

After having spent a good bit of time today searching for a link I'd seen in this thread somewhere, and the same a couple of days ago, my OCD-ish tendencies made me put together a sheet of all the links posted so far that might be of use in the future without me having to trawl through so many posts.

I hope it will be of use to someone else too, so I'm going to post it. If I've missed anything that you think should be on there, please let me know, and likewise if I've put anything on that really shouldn't be on, I'll take it back off again.

Facebook link http://www.facebook.com/reqs.php#/gr...d=396812865586 (Cally600)
RegrETSY (for fun) http://www.regretsy.com/ (Nads)

Ebay Help
eBay selling manager http://pages.ebay.co.uk/selling_manager/ (Cally6008/Eyesparky)
eBay search http://www.fatfingers.com/ (Seashell)

Motivation
Mind mapping http://www.mind-mapping.co.uk/make-mind-map.htm (Scrooge2008)
The Secret http://www.pdf-search-engine.com/the...byrne-pdf.html (Agar)
Audiobook Think and Grow Rich http://www.pathway-to-success.com/tgr.html (Bambywamby)
Earle Nightingale http://www.youtube.com/watch?v=JgUc7...eature=related (Eyesparky)

Other income
Review earners http://www.wozzon.com/promotions/reviewwinpounds (Nikki2804)
Social Research http://www.natcen.ac.uk/job-opportunities (Skintbint)
Market Research http://www.cpmjobs.co.uk/ (Scrooge2008)
Market Research http://www.relfm.com/recruitment/?page_id=527

Postage, advertising help
Flyers printing http://www.just-print.co.uk/(2cats1ki)
Web site help www.webs.com. (Amber Sunshine)
Interparcel http://www.interparcel.com/ (Dillidalli)
Parcels http://www.collectplus.co.uk/ (Turkishdelight)
Packaging supplier http://envelope-master.co.uk/ (MoneymakesTWGR)
Packaging supplier http://www.stationeryboxesandbags.co.uk/ (Turkishdelight)

Buying - suppliers
Giving and Living 2010 http://www.hale-events.co.uk/excatalog.cfm (Bing0)
Giving and Living 2010 http://www.givingliving.co.uk/exhibitors.html (Bing0)
jars and pots http://www.ascott.biz/acatalog/Glass...amic_Pots.html (Nakmeister)
Wholesalers http://www.dhgate.com/wholesale/dirl...fo=10.0%2C20.0 (Abby1234519)
Wholesalers www.alibaba.com (Mrs-D)
Boffer site www.boffer.co.uk (Clurbur85)
Crafting supplier http://www.docrafts.co.uk/asp/produc...&brand=0&b2c=1 (KarleyMarie)
Gardening supplier http://www.thompson-morgan.com/ (Cooltrikerchick)

Selling
Hints on what to sell http://www.marketingtips.uk.com/ (Moneymaker)
Link to carboot thread http://forums.moneysavingexpert.com/...play.html?f=40 (Xxamypxx)
Carboots www.bootfairs.co.uk (Trying hard)
Carboots www.carbootjunction.com (Trying hard)
Carboots www.silversurfers.net (Trying hard)
Online carboot ...www.bootbay.co.uk (Victoriaplum1)
Mum and kids http://www.netmums.com (Xxdeebeexx)
Craft site http://www.folksy.com
Craft site http://www.etsy.com
Tile planters http://www.designerplanters.co.uk/marble.htm (Bing0)
Tile planter how to http://www.ehow.com/how_5105501_make...flowerpot.html (BFem)


Tax and Benefits
Starting a business advice - http://www.hmrc.gov.uk/startingup/ (BingO)
Register as self employed http://www.hmrc.gov.uk/selfemployed/...f-employed.htm (Rao)
Self employment advice http://forums.moneysavingexpert.com/...html?t=1987131 (Scrooge2008)
Grants for Businesses http://online.businesslink.gov.uk/bd...&r.t=RESOURCES (Scrooge2008)
Income tax relief http://www.hmrc.gov.uk/incometax/relief-self-emp.htm#2 (Kosma1)
Expenses http://www.hmrc.gov.uk/manuals/bimmanual/bim47820.htm (Nakmeister)
Expenses examples http://www.hmrc.gov.uk/manuals/bimmanual/bim47825.htm (Nakmeister)
expenses http://www.hmrc.gov.uk/guidance/480.pdf (Paws)

Eyesparky

indierocker85 wrote: »

OK, think I may have simplified this.

• I started with £87.05 instead of £100 (I think, and worked this out by the following)

I spent £10.38 on Charity shop stuff
I spent £19.27 on Ebay fees so I could list

This left £57.40

I spent £17.73 on an item to re-sell, which sold on ebay BIN for £23 and I was paid into PayPal which was negative -£22.01. So now I have a penny in payPal. (think this is whats messed things up)

This left £39.67, I think.

I spent a further £12.98 on an item to re-sell

I have £26.69 left in the account I am doing the buying and selling from.

Anybody any clue what P/L I am at?

I am making my confusion worse I think

Leave the Paypal issue money out of it (i.e. reduce the amount you have put into the challenge by this amount as it went to Paypal not your starting fund). For gross profit take all your costs of purchases and purchase and listing fees away from the new starting balance ... sorry I haven't got the breakdown I did before in front of me and my brain is getting somewhat tired . I put a starting figure in that post. Let's not start introducing overhead costs, heat, light etc at this time of night or my brain will cave in. try and keep it as simple as possible for now, starting with the proper introduced money figure and keeping a record of all outgoings and all income. these can be added up once a month say, any fees invoiced from ebay etc. can be taken off and a month figure can be arrived at. Do this month by month and a year will pop out of it at the end. At this point you can pull out overheads etc. and arrive at a year total. ... Oh sorry, that turned into an endless waffle. Hope some of it makes sense .