So as summer break is quickly approaching my parents keep bugging me that I should really get a job over summer. I DO NOT want to work a job but I would like to have some extra cash to spend and some to save for future expenses that may involve my fastlane business (already underway :smug2
. My solution: a door to door sales and marketing business!
The competition: 1 (30 something) guy locally who does not pay sales tax and is not even registered as a real business and only does business with small local restaurants (aka Mr. Scumbag). So in other words, NO REAL competition!
The Plan: Contact local businesses and offer both door to door marketing in the form of advertising brochures (you leave on the doorstep) and coupon sheets (actually knocking on doors). Part #2, designing either the brochures or coupon sheets if the business does not have someone to do it for them.
The Pay: Hire local high school kids and they will receive a commission on each coupon sheet and a $ per X houses on brochure distribution.
My money (Coupon Sheets Only): $20 per coupon book, $5 commission per book to employee = $15 per book
Bulk order: 1000 Coupon books = $15,000
By day: Selling 4 days a week (hypothetical), 1 kid can sell around 4 sheets an hour, 5-10 kids, usually 4 hour selling block. 4 sheets x 15 (profit per book)= $60 an hour per kid! 60x5 (# of kids working) = $300. Next, 300x4 (hours a day)= $1,200 a day. On the high side with 10 kids working it would be $2,400 a day! $1,200x4= $4,800 a week. My total profit per month would be $19,200 on the low side, high side would be $38,000 a MONTH!
Note: I left out the money we would get from designing sheets/brochures, the profit of the brochure distribution, and the cost of printing both the sheets and brochures.
Scaling: I want an autonomous business for my fastlane and i know this isn't autonomous but this IS NOT my fastlane business! I have a lot of time over summer and am fine putting in some hours to make money!
The estimated profit above was strictly per business. If I could acquire several businesses at once, I could always have 1 group of 5-10 kid teams working on 1 project, and a second one working on another and so on through the use of managers (they would probably have to be ADULTS
). Also, there are many areas outside of where I would be operating that I could expand to if need be, the possibilities are huge!
Conclusion: All of this is strictly hypothesis and I having just got my wisdom teeth removed, am enjoying my percocets at the moment so if it all sounds like gibberish I'm sorry but at least I think I am in a pretty normal state of mind :coolgleamA:. If you have any feedback for me I would love to hear what you guys think and any constructive criticism is welcome to! Thanks for reading! P.s. you can PM me also if you prefer
Edit: Also! If anyone has any experience with minors running a business that would be great, anything such as should i run this strictly under the table, should I attempt to register as a business, if so, then what type of business is the best (ex. LLC?) Any help on that would also be much appreciated!
. My solution: a door to door sales and marketing business!The competition: 1 (30 something) guy locally who does not pay sales tax and is not even registered as a real business and only does business with small local restaurants (aka Mr. Scumbag). So in other words, NO REAL competition!
The Plan: Contact local businesses and offer both door to door marketing in the form of advertising brochures (you leave on the doorstep) and coupon sheets (actually knocking on doors). Part #2, designing either the brochures or coupon sheets if the business does not have someone to do it for them.
The Pay: Hire local high school kids and they will receive a commission on each coupon sheet and a $ per X houses on brochure distribution.
My money (Coupon Sheets Only): $20 per coupon book, $5 commission per book to employee = $15 per book
Bulk order: 1000 Coupon books = $15,000
By day: Selling 4 days a week (hypothetical), 1 kid can sell around 4 sheets an hour, 5-10 kids, usually 4 hour selling block. 4 sheets x 15 (profit per book)= $60 an hour per kid! 60x5 (# of kids working) = $300. Next, 300x4 (hours a day)= $1,200 a day. On the high side with 10 kids working it would be $2,400 a day! $1,200x4= $4,800 a week. My total profit per month would be $19,200 on the low side, high side would be $38,000 a MONTH!
Note: I left out the money we would get from designing sheets/brochures, the profit of the brochure distribution, and the cost of printing both the sheets and brochures.
Scaling: I want an autonomous business for my fastlane and i know this isn't autonomous but this IS NOT my fastlane business! I have a lot of time over summer and am fine putting in some hours to make money!
The estimated profit above was strictly per business. If I could acquire several businesses at once, I could always have 1 group of 5-10 kid teams working on 1 project, and a second one working on another and so on through the use of managers (they would probably have to be ADULTS
). Also, there are many areas outside of where I would be operating that I could expand to if need be, the possibilities are huge!Conclusion: All of this is strictly hypothesis and I having just got my wisdom teeth removed, am enjoying my percocets at the moment so if it all sounds like gibberish I'm sorry but at least I think I am in a pretty normal state of mind :coolgleamA:. If you have any feedback for me I would love to hear what you guys think and any constructive criticism is welcome to! Thanks for reading! P.s. you can PM me also if you prefer
-Mike39
Edit: Also! If anyone has any experience with minors running a business that would be great, anything such as should i run this strictly under the table, should I attempt to register as a business, if so, then what type of business is the best (ex. LLC?) Any help on that would also be much appreciated!
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