Business ideas

[againsthegrain]

lol sounds like the story from wolf of wallstreet

 

[Tech-chic]

Not sure about it.....

 

[nunthewiser]

Not sure about it.....

about what?

 

[againsthegrain]

hmmm if I didn't know any better I might think that is a good way to spam that website in the signature ...

 

[nunthewiser]

agree .. lol hows that for a bizzo idea . type meaningless crap with a website signature .....

 

[trainspotter]

Excellent thought provoking responses ! The CFLs is the way of the future for sure. Although some people still don't want or like them?

Alright ... so we have the business model. Now we need the number crunching and time/motion experts to kick in.

Liking the idea of ready made house calls with a letter drop. Probabaly why I mentioned in my start up costs that this was included?

Remember I am talking GLOBES only. Not IXL tastic heater lamps or bedside lamps etc etc.

Also if there is a problem with the light fitting then we aint touching it.

Can also go up to $20 for the spiel. I will do a dummy run this weekend and let you know how long it takes to change ALL of the globes in my house.

 

[moXJO]

Remember I am talking GLOBES only. Not IXL tastic heater lamps or bedside lamps etc etc.

Lots of houses have those down lights which are a pain to change considering the number of globes per room. Also finding 30 houses a day while door knocking might be a challenge and chew through a lot of what would be installation time. Even 20 mins per house is roughly 10 hour day over 30 houses already isn't it? And that’s not including travel time between houses assuming that they were relatively close together. People can also tend to chat and chew through some time. You either need to lead into another service after the globe change, or charge higher. System needs tweaking imo.

Hitting areas like retirement villages and lots of townhouses grouped together may cut down on travel time and increase chance of getting the job.

 

[trainspotter]

OK OK OK .... I will explain it again with more detail. We are all getting stuck on the GLOBE thing, think of the volume thing.

The conditions would be that there would be no more than 10 GLOBES changed for the $10. Or in my last post I suggested the "spiel" could increase to $20. If you get bogged down in the semantics of it you are missing the thrust of my post.

The "idea" is about volume !!!!!!!!! or VELOCITY of small money through the masses.

The "light globe" idea is a non sequitur. (thanks WayneL) It is merely an idea of how to make money on a small scale that turns into a flood of income due to the amount of volume of participants. It is called a "wishing well" dynamic.

The business model is plausible. It does work. All of the "Current Affairs" scaremongering is a waste of time.

Try thinking of 1000 people giving you $20 per week. Simple math really.

How about paying $20 per week to access this site? There must be more than 1000 people who would pay for this kind of information??

I WOULD.

 

[Julia]

Quite easily robusta. Think of buying 12 of these systems. 100k outlay and employ people to do the job. No risk. Would make a fantastic franchise model.

I have a basic objection to the idea because you're frankly conning people, TS.
No, you may not have said that you will replace their old bulbs with NEW bulbs, but in offering such a service, there would be a tacit understanding that fergawdsake you wouldn't be decently suggesting you'd take out an old bulb and replace it with another old bulb!! The people who would be genuinely grateful for a service like this would be mostly elderly pensioners, unable to climb up on a stepladder. Just doesn't seem decent to take advantage of them in their vulnerability imo. Sorry if that sounds moralistic.

I bought two new bulbs today, $7 each. You can no longer buy the old style bulbs here.

So, leaving all moral considerations aside, you'd have to imo reassess your costings, especially if you're intending to pay subcontractors and still derive some income for yourself.

The business I would like to start up is a hybrid photo gallery/ coffee shop/ print shop. Bit too high risk for me though. Reasonable start up cost but could burn a hole in your pocket if it didnt take off. Maybe one day when I have money to burn.

Lovely idea, maybe even sell cameras also? Would need to be in either an affluent area or in affluent times.

 

[againsthegrain]

Trainspotter one thing i am most curious about is, what do you say when you are confronted by your customers and asked "are you replacing with new bulbs?" and "why and where are my old bulbs going?"

I think this will be the hardest part, the lie or turning tale and running lol

 

[robusta]

I am in sales and would have trouble selling this one. I find I can sell something if I can believe in it and I am offering value to my customers but I would personally have trouble with this one.

 

[trainspotter]

One more time to just really press the point home:

Forget the light bulb scenario. Forget the IXL Tastics, forget the morals, forget the sales procedures.

I am talking about VELOCITY of income. $10 is cheap as an IDEA. Multiply it by 1000 and it becomes worthwhile in a very short period of time.

I was using the light bulb symposium as an example as a small setup cost with a high return due to VOLUME and VELOCITY of income.

It does not need to be LIGHT BULBS !!!! The requirement is for a high volume of people to give you a small amount of money that they will not miss if you give them an irrelevant service. HENCE the theory.

TRY thinking about 1000 people giving you $20 per week.

($20 x 1000) = $20,000 per week x 52 weeks = ONE MILLION DOLLARS ?? (and a bit left over for drinks)

Trainspotter one thing i am most curious about is, what do you say when you are confronted by your customers and asked "are you replacing with new bulbs?" and "why and where are my old bulbs going?"

"Yes Sir/Madam we are replacing your light globes with globes that are NEW to your home." and "Your globe is going back to be recycled to a new home"

Answer a question with a question !!!

Please try and understand what I am writing here. The globe thing is only a possible "vehicle" to drive this kind of income. It is very doable and would not take much to setup. YES it is immoral and takes advantage of people who are not quite above the national IQ of 96. BUT IT IS NOT ILLEGAL !!!!!!!!!

OK .... how about this then ....... 1000 people give me $20 per week and I will give you a piece of pearl jewellery at the end of the year valued at over $1000.. I have generated 1 million dollars of turnover. My cost and overheads would be less than this of course. It is called PROFIT.

I am talking about creating a steady income. Not too hard to understand really???

 

[moXJO]

I am talking about VELOCITY of income. $10 is cheap as an IDEA. Multiply it by 1000 and it becomes worthwhile in a very short period of time.

I was using the light bulb symposium as an example as a small setup cost with a high return due to VOLUME and VELOCITY of income.

Ahhhh Gotcha
I think we should all put this into practice. Everyone on the site start sending me $20 a week and I'll test tspots theory.

 

[robusta]

Ok the pearl idea is more like it.
The other problem with the light bulb model is you have a limited supply of labour unless you can create the system and sell it to other people like a franchise. Read The Cash Flow Quadrant or Rich Dad Poor Dad by Robert Kiyosaki.

 

[noie]

One more time to just really press the point home:

Forget the light bulb scenario. Forget the IXL Tastics, forget the morals, forget the sales procedures.

I am talking about VELOCITY of income. $10 is cheap as an IDEA. Multiply it by 1000 and it becomes worthwhile in a very short period of time.

I was using the light bulb symposium as an example as a small setup cost with a high return due to VOLUME and VELOCITY of income.

It does not need to be LIGHT BULBS !!!! The requirement is for a high volume of people to give you a small amount of money that they will not miss if you give them an irrelevant service. HENCE the theory.

TRY thinking about 1000 people giving you $20 per week.

($20 x 1000) = $20,000 per week x 52 weeks = ONE MILLION DOLLARS ?? (and a bit left over for drinks)

Trainspotter one thing i am most curious about is, what do you say when you are confronted by your customers and asked "are you replacing with new bulbs?" and "why and where are my old bulbs going?"

"Yes Sir/Madam we are replacing your light globes with globes that are NEW to your home." and "Your globe is going back to be recycled to a new home"

Answer a question with a question !!!

Please try and understand what I am writing here. The globe thing is only a possible "vehicle" to drive this kind of income. It is very doable and would not take much to setup. YES it is immoral and takes advantage of people who are not quite above the national IQ of 96. BUT IT IS NOT ILLEGAL !!!!!!!!!

OK .... how about this then ....... 1000 people give me $20 per week and I will give you a piece of pearl jewellery at the end of the year valued at over $1000.. I have generated 1 million dollars of turnover. My cost and overheads would be less than this of course. It is called PROFIT.

I am talking about creating a steady income. Not too hard to understand really???

Hmm $20 a week is $1040, how much over $1000

Re the light bulbs, i know of a company here in Japan that does a similar thing..
But for the greater good of man!!...

They come to your house, for about $30 and take pictures of your light fittings, they then price up replacing them all with led, globes and give you a little chart of the energy savings.. they then take the install fee and 1/2 of the energy savings (the real money).. and provide you with the option to purchase new fittings if bigger savings can be made.

They buy all there fittings and bulbs in Bulk.. and sell just less than retail

(even when renting here you need to by ALL your light-bulbs, but some people leave them behind)

 

[trainspotter]

Aaaaahhhhhhhhhh now the light globe comes on !

GOSH noie ...... go back and read this from the start please ! We can do with more free thinking people like you. I am more than happy for it to be $30 with flash diagrams etc etc.

We are talking about volume and velocity business here. Small numbers off many people makes light work. HAHAHAHAAAA

It is already working in Japan BTW. It works here as well.

Anybody got any "bright" ideas of similar consequences? HUH???

I am serious about the pearl equation if anybody is interested. ???

 

[trainspotter]

Ok the pearl idea is more like it.
The other problem with the light bulb model is you have a limited supply of labour unless you can create the system and sell it to other people like a franchise. Read The Cash Flow Quadrant or Rich Dad Poor Dad by Robert Kiyosaki.

Probably why I suggested it could be sold as a franchise arrangement earlier on in the piece.

I have read both books as well.

 

[overit]

We are talking about volume and velocity business here. Small numbers off many people makes light work.

Local pizza shop did this once. $4 pizzas. His margin must have been tiny but they were flying out of the shop. Profit by volume!

Got a bit lost in this thread. Everyone focusing on light bulbs but I didnt think thats was the main aim. I'll throw some alternate ideas out there for high volume business.

What about tap washers. Everyone is conscious about water savings these days. You could "service" every tap in the house. Not sure how the plumbing union would like you though. You could have the enviro package. Change your globes to energy efficient. Fix leaky taps, etc. Charge per item. Letter drop. Do whole suburbs at a time.

Test and tagging appliances would be good. Nearly anyone can get the test and tag course from my understanding but you have to be a licensed sparky to have it as a business. But talk about volume. Go to a hotel, they have back logs of this to do. A dollar or two an appliance. Watch the money roll in.

I have worked in quite a few hotels as a maintenance man and can give you plenty of high volume ideas which would focus on large commercial business like hotels. But like I mentioned earlier the redtape requires you to be "ticketed" for even basic tasks which holts progress for the average man.

 

[Julia]

The basic concept of assistance with household stuff is not new.
I live in a regional centre of only about 55,000 pop and there are three different organisations offering to do any general maintenance. One is called (yuk!)
"Hire a Hubby".
They do anything from changing light bulbs and smoke alarm batteries to window cleaning, sweeping paths, changing tap washers etc., all the small stuff that does not require a licence.

Something you may not have thought of which applies at least in Qld is government funded assistance for people over a certain age or with a disability where they will send a tradesman out to do whatever you like, plus someone who will clear out gutters, clean fans etc for a maximum cost of $10 per call.
The rest is paid by the government subsidy. So I wonder (if this service applies across other states) how much actual demand there would be for the sort of service you envisage.

 

[robusta]

Probably why I suggested it could be sold as a franchise arrangement earlier on in the piece.

I have read both books as well.

sorry didnt mean to sound like a smar@#$@ the fact is i would love to find a business that fits the parameters you are looking for.