Thinking ot taking the plunge

Discussion in 'Start-ups & Business Advice' started by Chris_uk, Aug 31, 2018.

  1. Chris_uk

    Chris_uk

    Joined:
    Aug 31, 2018
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    Hi all

    I have only just joined this forum and wow i am so glad i did.

    You have probably heard the story a thousand times before. I am stuck in a 9-5 job and would like to make some extra cash (wouldn't we all !)

    I do not have the capital to take the world by storm, but i would like to buy some goods and sell them on at a little profit.

    I reckon to start with i would like to invest about £100, just to get the hang of the buying process etc. I can build websites so i think id enjoy setting up my own little online shop etc.

    Is it possible to start with this low amount of money? can you buy stuff to sell on for this amount?

    I am totally aware there is a risk involved in all of this, hence why just starting with such a low amount will not damage me if i get it horribly wrong!

    What sites should i start looking at first for buying things? i know there are probable loads out there but are there any that specialise in my budget range?

    Many thanks for any help on this

    Chris
  2. Jed

    Jed

    Joined:
    Feb 16, 2009
    Messages:
    8,482
    Hi Chris,

    With that amount of capital you will be better off starting on a marketplace like eBay or Amazon as you won't have enough budget to generate the traffic you need through your own website to make it viable.

    I would recommend looking into products that you are familiar with as it's always easy to sell something when you have an idea how it works or an interest in the industry and start your search there. You may also want to look into dropshipping just to get some experience even though it won't make you millions.

    All the best.
  3. Chris_uk

    Chris_uk

    Joined:
    Aug 31, 2018
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    Many thanks for
    Many thanks for your reply.

    Out of interest . What would you recommend as a starting budget for buying pallets etc?
  4. Jed

    Jed

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    However much the pallet is plus shipping and listing and any other fee's you'll incur to sell the items.
  5. Chris_uk

    Chris_uk

    Joined:
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    So what sites would you recommend for cheaper pallets?? or a good place to start looking?
  6. Jed

    Jed

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    Google search "clearance pallets" brings up lots of suitable results.
  7. Dave Casuals

    Dave Casuals

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    buying pallets is a bit risky with just £100.00. Firstly I don't even know if there are pallets as little as £100.00 but it's also a gamble as to what your likely to receive. Your best bet is to find top selling items on one of the online platforms for a small investment and then over time when your making profit put it back into buying a pallet if thats what your looking to do, but as a first investment It's probably not the best approach to take. Another possible source of profitable income can be from going to police auctions whereby they sell off unclaimed goods such as recovered items, and also lost luggage at airports that have never been opened. It's all a gamble similar to pallets but with less outlay especially if your only looking for a small investment to get the ball rolling.
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