Make £12,000 by selling 12,000 things for £1. But what to sell?

AndiW_2

I am trying to save up for a deposit on a house but I wanted to make it interesting and try and make the deposit by selling products for £1 each but I can't think of a product that I could make/buy cheap enough to sell for £1.

Does anyone have any ideas?

HisDoris

Why not go onto ebay and type on 'wholesale' or 'joblot' - this should bring things like books, jewellry, make up, clothes (and sooo much more) for sale in large bundles for cheap prices (sometimes you can get them for as little as £0.01!!) Then you can either have a car boot sale (you will need more than 1 to make £12k obviously! lol) and sell all the items on your stall for £1 a piece? I think you could make a small fortune with this if you stuck at it! Or even get the items from ebay and relist them one by one for £1 each. Alot of people prefer to buy just one of something rather than a whole load!

Hope this helps you make that £12k!! Very best of Luck

Jeanetteathome

If you want 12K you'll need to sell more than 12K unless the things are free, so if you get something for 50p and sell for a £1 you are making 6K.

What would you as a customer buy for £1 that only cost 50p?

lincroft1710

Don't forget if you buy things to sell on, you will have to pay income tax on your profit, so if your tax allowance has already been taken by your main job, you'll be looking at about making £15K/£16K to achieve £12K in your pocket, which could mean selling a lot, lot more than 15,000 or 16,000 items at £1 each.

Rev

Plus if you use ebay you'll have to accept paypal and both of those take a percentage of the final sale, plus ebay charge insertion fees. So if you sell something on ebay for £1 you'll probably only get about 50-70p. And it'll have to be small so postage can be cheap, people seem to hate paying more for postage than the item itself.

Ebay charge 15p to list an item costing £1 (free if it's 99p) and 10% of the final value up to £49.99. So that's another 10p, paypal will probably charge around the same.

So if you plan to use ebay, you will have to find something ultra cheap, take into account ebay fees and paypal fees and sell a lot more than 12k.

Although I do think it's a fun idea and wish you much luck.

lvm

Why not contact some retailer's buying/allocation departments? My current employer (large chain of retail outlets) has 250k items of a certain product in it's warehouse which currently sells at 75p in shops (this is the half price or 75% off price as far as I can recall). Anyway, they don't think they'll be able to sell it all in their shops (or it's taking too much room etc) so they are considering selling the lot to a bulk customer who has offered to pay 2 pence per item.

Elixiress

I would start off by selling things around the house.

Before I moved house, I had a load of sample size cosmetics, health & beauty products etc, and I sold them for £1 because I wasn't using them and didn't want to move boxes of junk. You won't make £12k from this, but it would be a step in the right direction and you'd not have to pay out a penny for "stock".