The Wholesale Forums

[ronzinio]

Hi

I was wondering, we have a lot of successful businessman on these forums and people of all ages seems to be oozing entrepeneurship. So it would be interesting to know "How you made your first £1000"

Top moguls of business like Alan Sugar and Donald Trump made their millions from a small sum. So it would be interesting to know how other sellers started off.

Feel free to jot anything down. It maybe could spur some noobies to branch out into business.

Please note: I am not asking for contacts of businesses or anything like that, just a few lines of how you started to make your first £1000 in business.

Thanks

[CFL]

Quite simple really. I invested £200 of my own money and bought some items wholesale. Built myself a website, took some photos of the products I had bought and stuck them on my website. Kept on reinvesting all of my profits and eventually started taking a wage.

[greedyboy]

I can't remember exactly as it was many years ago and back then £1000 was the equivelent of about £3000 in todays money.

I can remember when I was 16, my friends just left school and earnt about £50 a week. I was buying and selling bankrupt stock from auction houses, paying my neighbour £25 a day to drive me around to discount stores and I was clearing 10 times what he earnt a day - all cash I eventually bought a van and let him keep it when he 'retired'.

Back then Exchange & Mart and Loot was your buying/selling bible.

[Tango34uk]

Started my first Business about 10 years ago, didn't work out! Keep plugging away, until Ebay became popular!

First Business on eBay - selling ink cartridges, purchased in bulk, and sold with only a few pence markup, made a killing - then loads of others started to do the same!

Fast forward a few years.......

Took £20.00 of my own money (Not a lot I know!) and purchased a webname, started to write the website, got a shop up and running, and via ebay, shop, and mail order kept re-investing the money.

The way I looked at it, if it didn't work out I had only lost £20.00.

Today, running website / ebay / mail order and direct sales, still based at home, do 90% of my work via internet.

Can't remember when I made my first £1000, but Im now happy, I have good suppliers, good products and great markup!

[ronzinio]

Some truly inspirations stories here guys, keep it up. Its good to know most of you guys can start a business from a minimal amount. That is the bread and butter of being an entrepeneur.

[MustHaveMobiles]

I started with a £100 stock package and a weeks shop rent of £50, I was selling cards/balloons back in the day, within 6 months had another unit and then 8 months later another. Branched out into mobile phones then, sold the card shops and moved into property and online property and that is where my income comes from now..

[denislbg]

When I was 23 I worked in a furniture factory , one day a customer come and ask me if I can find a interpreter for him to accompany him . I help him find one . Then he treat me a dinner and told me he want hire me to work for him and set an Rep office in China, then I help him to look for office ,etc. he give me about $800 , This is the first big money I make by myself .

[donsrno1]

When I was about 13/14 I was making about £300 a week on ebay selling ebooks, so after a few weeks I had made my first £1000.

[studio1one]

me and 3 mates put in £70 each to put a local band and some DJs in a local club. After a month we were doing 3 nights a week and averaging 300-400 people at £6 a head

didn't take long.

[Pete]

Not my first big deal, but a good quick deal just recently.

I sold about 1,000 of these guys from a cart in a mall from Nov 1 through Dec 31. Cost about $ 13, including incoming shipping and a paid of D cell batteries. Sold them for $ 39.99, a better than 3 times markup. Gross of 67%. "Triple up!" one of my favorite things.

2 months sales $ 40,000.

Here's the product - http://www.perfectpetzzz.com/