An idea for starting with your first $5

Find a great price on bottled water.  You want a really good price.

Right now we get 24 16 oz. bottles of Crystal Geyser  at Big Lots for $3. That works out to 12 1/2 cents a bottle. (That’s not an affiliate link but it is really good water with a lower pH than normal.)

Have a yard sale where you’ll have the bottles on ice in a cooler or a cute container with a sign advertising the price.  Price the water so that your buyers get a great deal and you make a tidy profit.  I could easily sell them for a quarter and double my money.  If it’s too cold to sell iced water, then bake some cookies or brownies or offer up some crispy apples for sale.

If this is the first time you’ve tried selling, buy something your family will eat anyway. You’re going to learn a lot from this and it’s going to be valuable even if your yard sale falls flat.

You will also make some money from your yard sale. You can add it to your Money Game fund or spend it any way you wish.  To the victor go the spoils.  The whole point of this is to get your mind wrapped around the fact that your money can go out and make more money.

After your event is over, please take time to do the tracking.  At first, a simple zipped bag can hold a small notebook and cash.  Pay your fund back for the water (or food) you bought and add in the profits you choose to keep in your MG fund.  If all goes well, you’ll have at least $5.25.

At this stage, it isn’t about the money.  It’s about learning to grow a sum of money at least 5%.  It’s also about developing a system to track it (leave a comment if you’d like to have a copy of the spreadsheet I use).

If a yard sale isn’t feasible,  you could make some cookies and post this on your FaceBook wall:  “I’m taking a class on entrepreneurship.  Today’s homework is to bake some cookies and offer them for sale on my FaceBook wall so here you go:  1 dozen homemade chocolate chip cookies delivered to your home. $10/dozen or $1 each. I have 4 dozen available. Message me if you’d like some.”  (I made up the price so make sure those numbers work for the ingredients and packaging you have to buy.)  If this doesn’t get a response, no one will know.  If someone comments that they want a dozen instead of messaging you, your post will get a bump and often more orders.  Again – this is about learning how to sell more than making the actual money.

Finally if all of that just seems like too much work (it’s a LOT of work) then just find something halfway decent around your house that you aren’t using and post it for sale on your wall or on your local Facebook yard sale page.  Take the proceeds and put at least twenty five cents in your MG fund.

You are on your way!

If you actually do this, please consider leaving a comment telling everyone how it went. Do you have any tips or better ways to go about this? Also if you live in another country, readers would love to know how people do side hustles in your country if you care to share.

One final word of encouragement – the less you earn on your job and/or the younger you are, the more support you’ll get from others.  Other people love to see someone who may be struggling better themselves. You may be amazed at the response you get. Just offer up your wares in a way that doesn’t put people on the spot.  Facebook is perfect for this.

We had another power-up coming in under a few regular budget items and I was able to tranfer 51.34 over to savings.

Level Completed: 133 out of 251
Amount Deposited this month: $158.19
Total Balance: $3,305.69

Our Money Game fund has increased 5% so far this month.

$96.92 is needed to reach the next level.

Have fun, grow money and level up!

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s