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24 October 2008 |
PROFITABLE HOBBY – SECOND HAND BOOK STALL
Anyone can easily run a second hand book stall at weekend markets.
You source the books you have for sale from charity shops.
You’d buy them for $1 then sell them for $5.
A simple fold-away table is all you’ll need initially for your stall.
Your major expense is the $25 fee that you have to pay to each market, each week, for your space.
In four hours, you should be able to sell at least 20 books (revenue $100).
Your expenses for the day would be $20 for stock, and the $25 fee.
Profit $55.
Over a year, your profits would be north of $3000.Labels: hobbies, micro business, profitable hobbies, retirement, small business |
posted by Bernard Kelly @ 12:19 PM  |
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PROFITABLE HOBBY - RECRUITMENT AGENCY FOR SENIORS
Mary was a qualified nurse, aged 60.
However at her age, there are personal injury risks in that profession so hospitals tend not to hire seniors.
She needed income, and took on some part-time low paid work (from the local council) supporting the elderly in their own homes.
However she needed extra income and it occurred to her that she had ample time to start a hobby business.
Given her own experience, she realised that there must be a population of seniors out there who become “un-employable” at a certain age.
So she resolved to establish a recruitment agency for seniors, working from home with virtually nothing more than a computer.
Fortunately Mary had personality, and went out of her way to promote herself in newspapers that were read by seniors.
She also became passionate that firms could benefit from hiring experience, which helped her promote her hobby business.
Her fees were $25 per annum to be listed on her database, and $300 for a firm to look for suitable employees.
After the first year, she had over 300 seniors registered (revenue $7,500) and 15 employers had paid to look (that was an additional $4,500).
The key ingredients for this hobby to become profitable would be an abundance of personality, and loads of energy.
You would also need to find a large employer who was willing to employ seniors, otherwise you’d have an ethical problem with taking money from registrants without a genuine expectation of being able to match them up.Labels: hobbies, micro business, profitable hobbies, retirement, small business |
| posted by Bernard Kelly @ 12:01 PM |
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21 October 2008 |
PROFITABLE HOBBY - VENDING MACHINES
Peter Arnold emailed me about vending machines.
He has 42 vending machines for sale as he is moving to the beach.
They are bulk lolly machines and they vend a handful of lollies such as M&M’s, Jelly Beans, Nuts, etc, into little white paper bags.
This is a genuine part-time small hobby business (where the hobby is making money) as a machine only needs servicing (re-stocking, collecting money) every 4-6 weeks. So if you only serviced 10 in one day, that’s only 4-5 days work every 4-6 weeks.
None of the machines are on location at the moment, but good sites should be easy to find. They do particularly well adjacent to kid’s playrooms in hotels, in video shops or in 24 hour convenience stores, he says.
Sales of $1000 per month is easily achievable, says Peter. One machine in a very good location can achieve $150-$200/month, so if effort is put into finding good locations then a return more than $950 is possible. It costs about $40 to fill a machine
The purchase price for the 42 machines is $28,500 with a discount given for site finding costs, and start-up stock. Full training, support materials, spare parts, and phone support is included.
You can obtain further details from Peter on (07) 3321 1107Labels: hobbies, profitable hobbies, retirement |
| posted by Bernard Kelly @ 1:15 PM |
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17 October 2008 |
E-BAY AS SOURCE OF INCOME
There were 17,500 eBay members in Australia in 2006 who used eBay as their primary source of income, according to ACNielsen Research.
These members were classified as “full time merchants” who buy online then sell those same goods, also online.
Then there were a further 35,000 who used eBay as a secondary source of income.
Some of this second group sold their own surplus household items, while others used eBay as “part-time merchants”.
There are obviously major opportunities to supplement your income using this technology.
And what could be easier?Labels: e-bay, lifestyle, mental health, profitable hobbies, retirement |
| posted by Bernard Kelly @ 12:25 PM |
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16 October 2008 |
| I'll be happy to make regular contributions (BB) |
| posted by Bernard Kelly @ 11:24 AM |
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Worm Farm
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13 October 2008 |
WORM FARM – PROFITABLE HOBBY
A worm farm can be a profitable hobby to take into retirement.
Your customers will include (a) households who want some worms to decompose their kitchen waste, (b) vegetable gardeners who want to improve the soil in their beds, (c) people who are going fishing and (d) bait and tackle shops.
Ideally you will need raised garden beds, but the wonderful thing about worms is that they multiple themselves. You just keep feeding them your kitchen food scraps.
Initially you will need small advertisements in gardening and fishing magazines as well as on Google Adwords, all of which will take some capital, so it’s best to start this small business venture while you’re still at work.
You should be able to get started with say 8,000 worms (1.25 kg) for about $200 but they will increase in numbers and then you would sell perhaps 1,000 in a retail pack for say $50.
After about a year you should be able see some positive financial rewards for your efforts.
If you’re concerned how such a hobby business might affect your pension, generally speaking, a couple can earn $6,240 a year before their pension is affected at all. After this, the pension reduces by a set rate for every dollar of income above this.
Do you need a low cost business website for your worm farm? Go to http://www.valuewebsites.info/Labels: hobbies, profitable hobbies, retirement |
| posted by Retire Laughing @ 10:49 AM |
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