Part Time Business Ideas

COOLTRIKERCHICK

barrymung wrote: »

Obviously, I'm not going to give you exact figures but...

Average job is probably £120, average time spent probably two-three hours.

Out of this material costs less than £5. Fuel less than £5. Liability insurance around £100 per year. Income tax/NI at usual rates (YES, I fully declare everything and pay the correct tax on all profit). Advertising probably 50p per job.

Machine would cost around £2500 for a new one.

In all honesty Barrymung, If these are the figures you have worked things out at ( some of them do seem a bit low to me, insurance and advertising) I wouldnt go looking for anything else... it might seem boring, or you might not like turning work away ( during the week) but stick with it.... you are not going to get this type of money by your other ideas in your first post....

Plus if anything happens with your main job, at least you know you have got a good start with your weekend work, you can expand it, to during the week....


I suggest, you sit back, have a cuppa, and be honest and try and think of any other part time job that can give you on average £90-£100 profit for approx 2 - 3 hours work.........'legal work':rotfl:

barrymung

JeremyDe wrote: »

This is rather strange. If a business does have a very high profit margin then it's either rare or a miscalculation on the turnover/expenditures.

..or you don't realise there are nett and gross profits...

barrymung

paulwf wrote: »

I think my Sainsburys has a carpet cleaning hire concession, I can't believe they use such expensive machines.

They don't. Invariably, these places hire Rug Dr machines which are cheap, single pump machines with not a lot of power.

I *could* buy one and hire it biut would have to go through the cleaning/testing/repairing rimarole and I'd also be competing with Sainsburys!!!

In fact, you have just sparked off a seed of an idea that I'm gonna investigate further.

COOLTRIKERCHICK

i have noticed in your expenses per job, you havent mentioned wear and tare on your transport, insurance for the transport.as obviously if you are using your car, and you have an accident and they see all the carpet cleaning equipment in the back, they are not going to pay out, unless you pay a business policy .telephone expenses, and are you sure you have the right public liability insurance as a £100 seems cheap to me, also alocating just 50p advertising per job, seems wrong too, as you must factor in the advertising that didnt bring in any custom too,

olly300

COOLTRIKERCHICK wrote: »

i have noticed in your expenses per job, you havent mentioned wear and tare on your transport, insurance for the transport.as obviously if you are using your car, and you have an accident and they see all the carpet cleaning equipment in the back, they are not going to pay out, unless you pay a business policy .telephone expenses, and are you sure you have the right public liability insurance as a £100 seems cheap to me, also alocating just 50p advertising per job, seems wrong too, as you must factor in the advertising that didnt bring in any custom too,

Just to add getting business use added on to your car insurance policy is either free or costs a few pounds plus the admin fee, so to not have this add-on is just damn stupidity.

paulwf

barrymung wrote: »

They don't. Invariably, these places hire Rug Dr machines which are cheap, single pump machines with not a lot of power.

I *could* buy one and hire it biut would have to go through the cleaning/testing/repairing rimarole and I'd also be competing with Sainsburys!!!

In fact, you have just sparked off a seed of an idea that I'm gonna investigate further.

As a customer I wouldn't know what was a good and bad machine to hire. As supermarket concessions are hiring them the chances are a majority of people are happy of them.

If it's better than a £100 VAX and as a customer I don't have to buy it and then store it then I'm onto a winner.

Cleaning/testing/repairing shouldn't take more than an hour each time and crucially you get to generate money whilst you do other work.

Note: as I mentioned before the trick is to get a machine that you can buy at a wholesale price then sell on at what you paid for it. If you can change the machines regularly then clean/test/repair won't take long, but if you run it into the ground then that's when problems start.