How hard can it be to come up with a business idea that can make money, rake in millions?
The following scenarios show that it is quite easy (article links are in orange)
1) Every thing that you see as a problem, is an opportunity to start yours.
2) It is ok to study the big dogs and copy them, but be creative. Dont limit your vision within the boundaries of your own country, the world is your oyster! What works in your American city can work in any city around the world! Export your idea! If the business is saturated here, take it somewhere that hasnt heard of the business! Think of how you can adopt it to fit that culture
3) Remember its even easier to keep it simple.
4) Remember what I said about exporting ideas, this UK idea is begging for someone to transplant it into the US, any takers?
5) Folks will pay you to take their stuff! (A must read article!)
Guaranteed they are recycling, but what if they resold them in say college towns and the likes. You can start a business like this, nothing much to it, other than having a truck to haul away the mattress, start off with 1 or 2 workers that you pay by the hour.
- Lets say you have 500-1000 customers in a mth (starting off), thats $50,000-$100,000/mth
pay the workers $10/hr working 40hrs/week, 240hrs in a month, 1 worker will cost you $2400, 2 will cost you $4800
- Factor in money for gas and maintenance of 1 truck, maybe thats $2000
- Money for storage place, say $1000/mth
- Advertising costs maybe $5000/month
- So minimal starting costs monthly are about $10400-$12800
- Now imagine if 75% of the mattresses were still in good enough shape to sell, and most are, and you sell each one for $15. its 75% of 500, thats 375 mattresses which is $5625. If its 75% of 1000, thats 750 mattresses which is $11,250
Now lets do the math!
With 500 mattresses
COST: $10,400
REVENUE: $50,000 (mattress fee) +$5625 (mattress resale)
PROFIT: $55,625-$10400= $45,225 monthly! Thats $542,700 yearly and thats a low estimate seeing that your business should be getting better and bigger over the months!
With 1000 mattresses
COST : $12,400
REVENUE: $100,000 (mattress fee) + $11,250 (mattress resale)
PROFIT: $111,250-$12,400=$98,850 monthly! Thats $1,186,200 yearly and like I stated above, still a low estimate!
One man’s trash is another’s treasure!
Any takers? I might have to jump on my own business idea myself, because truthfully only thought this one up as I was reading that article wondering why they aren’t reselling them!
Some might wonder why I even gave it away, well frankly because there is a ton more million dollar ideas where it came from, my wisdom is just like King Solomon’s! Of course my clients for whom I do personal consulting with usually get the better ones 
Anyone interested in this service feel free to contact me at admin@millionaireswealth.com
Dont forget to check out the archives, there’s a wealth of information already.
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Newsgator
Rojo
Pluck
October 29th, 2007 at 7:35 pm
Intresting. The person who pays $100 to remove has two options: He can list the stuff for free websites like buynsell, kijiji, criglists, message boards etc. If any one want it for free, then he saves $100. Considering this, It is hard to get 500 customers a month.
Lets us assume with good marketing plan one achieves 500 customers a month, It costs you $50 on average to pick up a matress and store in warehouse.
(Truck with Two movers can process pickup of 8 different mattresses on a 8 hour business day).
Gas for truck per day: $70.00
Two men: $160.00
truck maintainance, insurance, depreciation: $150.00
Total minimum expenses per day: $400 for 8 orders.
All these based on 20 working days per month.
Cost per mattress: $50.00
Lets assume cost of storage per mattress per month is $8.00
If you can’t sell the mattress within 6 months , then it costs you to hold the junk.
Any one in delivery business know the cost per delivery with truck is more than $30 per order unless you have more than 50 shipments within same area.
What happens if you have only one order on any given day?
The problem in this model is all the expenses are fixed and revenue is not guranteed. On top you are holding depreciating asset(s). Both Mattressess and trucks.
Why it is so successful in UK? : Lot of people doesn’t have trucks or cars to transport in UK. Even if my friend has a mattress to offer, it costs more for shipping. This model has some advantages.
If a mover runs this business, then there is some hope. If not, very few chances of surviving in this business.
With same expenses, you can run a mover business and it is more profitable and less risk. You just don’t pay to store junk.
Sorry, just my 2 cents.
October 29th, 2007 at 9:47 pm
Ah I like this! I’ll be back with a response to this one, keep it coming