Just a few ideas on making a bit extra to help in the credit crunch.
One for the ladies (sorry boys you can join in later). Consider selling costume jewellery at work or to your friends. Most companies have low minimum orders (often as low as £50). The stock is inexpensive and can frequently be resold at up to 3 times the initial cost. Choose a variety of items but not too many of one type.
Use yell.com or a magazine such as the Trader that have many adverts from jewellery suppliers. In fact I recommend buying an issue or two of the Trader to see the range of products available for resale. This can then spark a whole host of business ideas.
Advantages: Low initial outlay, new stock each season, jewellery is a feel good item and puts people in a buying mood.
Disadvantages: Novelty will soon wear off if trying to sell continually, so need to give it a rest after a while until the next season.
You may consider selling costume jewellery on eBay, but costume jewellery is a big category, and getting your item seen is a challenge. So find a niche market, there is less competition but still has a good volume of sales. Examples could be Sterling Silver or Amber jewellery and sell in that niche market
Consider a party plan for more selective and exclusive items, you can simply use samples, take orders and then buy in the stock to minimise outlay.
Selling watches (welcome back boys). Fashion watches can frequently be bought from jewellery suppliers or specialist watch suppliers. These can be sold on auction through eBay. Fossil watches are often a good seller and can be obtained cheaply as end of line. They also carry a guarantee.
If selling on eBay you will need several photos to show the watch off at different angles, your first photo is free but the costs start to escalate every time you add a photo. This of course makes eBay more money and you less. Sign up for an account with Auctiva.com. Not only is it free, you can use it to schedule your listings, there are lots of templates to enhance your listings, and you can use as many photos as you want. It’s all Free, Gratis and for Nothing.
More ideas next time