Friday, 26 August 2011
Possible FTSE success
"Bets and the City" by Sally Nicholl
There was one section that particularly piqued my interest. The author was meeting some City Hotshot. He gave advice which I think should closely match what I'm trying to do on betfair:
"His hedge fund has $30 million under management - that makes it relatively small - and it aims to make a profit of 1% per month, which compounds to 15% per year. He works with 3 colleagues and between them they open or close an average of 3 trades per day."
Focus, Rule#1, Zulu Principle. - Keep it tight, and don't lose money. That is the order of the day.
Stat Attack 26.8.11
Man Utd - long unbeaten run at home. Lay Arsenal at 7.8.
Man Utd have scored first in their last 21 home games. Lay Arsenal score first at 4.1.
Southampton on a long unbeaten run. Lay Leicester at 2.46.
West Brom have gone an age since last 0-0 draw. Lay 0-0 at 11.5.
Newly promoted teams have a piss poor record against top half Prem sides. Lay Norwich at 19.5 in their game against Chelsea.
Ok - that makes this week's bet to lay Leicester at home in their game against Southampton. £5 bet taken. Liability equals £7.40.
Will report back.
Wednesday, 24 August 2011
Water good idea
Avril Haprer Excerpt - Some Wise Words here....... #AVRIL2
- Go to www.ebay.co.uk. Click ‘Buy’ in the top right of the screen and then click ‘Browse Categories’. On the next page choose a category, then a sub-category. Now search for Top Rated Sellers with Buy It Now listings for products you might enjoy selling. Click on one or two listings and study the numbers sold at the right of ‘Quantity’.
- If sales are high from one listing, I’d say 100 or more in two months is good, head over to Alibaba - www.alibaba.com - it’s one of the world’s most reliable product sourcing portals, where you can access many thousands of different products from reliable suppliers. This reliability is what makes Alibaba a good place to source products - the company keeps careful tabs on its product suppliers and bars any that prove unsatisfactory.
There are countless other places to start your product search, including my own personal favourite The Secret Source Finder
- Key the details of eBay’s top selling products into the search box of your chosen product sourcing sites.
Study the wholesale prices against those fetched on eBay to determine the likely potential profit per sale. Study discounts on products purchased in bulk, which add to your profit margins.
- Contact the sellers and ask permission to use their images and product details in your eBay listings. I’ve only been refused once.
- Choose as many products as you have time to handle and list them on eBay. Use auction listings to determine prices people are willing to pay, and how many orders ensue for specific price levels. This information helps you determine demand and profit potential for subsequent multi-product Buy It Now listings that allow you to offer hundreds of similar products inside one listing for the same price as a one product listing at auction.
- As soon as bids appear contact wholesalers and get them to put stock aside for your test marketing exercise. Most will agree as long as you tell them you’ll be buying stock in bulk later.
- When auctions end, invoice your winning bidder and send Second Chance Offers to unsuccessful bidders whose offers also generate profit for you.
- Isolate products that do make money from those that don’t - add the former to your permanent inventory and dismiss the rest.
Note: You must do constant checks on permanent inventory to ensure profits stay high. It’s also a good idea to do further checks on products that fall slightly below your profit expectations to see if changes to your listing might generate higher profits later.
- Take payment for goods sold in your test listings, buy sufficient stock to fulfil orders, use profits to pay your eBay and PayPal fees, spend the remainder on stock for future listings.
- Make replenishment of stock from profits your main priority and look for products that at least double your investment after overheads. This allows you to double your wealth every time you acquire new stock. So as long as the market for your products remains constant, or grows, you could end up with a multi-million pound turnover business in less than one year. Much less if you’re really keen.
To prove it, this is how a little capital reinvested in more stock over several weeks (or months if you’re working alone or part-time), adds up to a quick and easy fortune. This works where you begin with £100 capital and week one finds you making and reinvesting £200 in stock (original investment plus £100 profit), week two’s investment is £200, week three is £400, and so on. It goes like this:
Week Investment Profit
£ £
1 100 200
2 200 400
3 400 800
4 800 1,600
5 1,600 3,200
6 3,200 6,400
7 6,400 12,800
8 12,800 25,000 (rounded for ease)
...etc.
Of course, I’m not suggesting you’ll make that kind of money working alone, or that you’ll do it over just a handful of products, but with a concerted effort, help and lots of mud thrown at the wall, it just shows how much money can be made in such a short space of time!
- If sales are high from one listing, I’d say 100 or more in two months is good, head over to Alibaba - www.alibaba.com - it’s one of the world’s most reliable product sourcing portals, where you can access many thousands of different products from reliable suppliers. This reliability is what makes Alibaba a good place to source products - the company keeps careful tabs on its product suppliers and bars any that prove unsatisfactory.
There are countless other places to start your product search, including my own personal favourite The Secret Source Finder
- Key the details of eBay’s top selling products into the search box of your chosen product sourcing sites.
Study the wholesale prices against those fetched on eBay to determine the likely potential profit per sale. Study discounts on products purchased in bulk, which add to your profit margins.
- Contact the sellers and ask permission to use their images and product details in your eBay listings. I’ve only been refused once.
- Choose as many products as you have time to handle and list them on eBay. Use auction listings to determine prices people are willing to pay, and how many orders ensue for specific price levels. This information helps you determine demand and profit potential for subsequent multi-product Buy It Now listings that allow you to offer hundreds of similar products inside one listing for the same price as a one product listing at auction.
- As soon as bids appear contact wholesalers and get them to put stock aside for your test marketing exercise. Most will agree as long as you tell them you’ll be buying stock in bulk later.
- When auctions end, invoice your winning bidder and send Second Chance Offers to unsuccessful bidders whose offers also generate profit for you.
- Isolate products that do make money from those that don’t - add the former to your permanent inventory and dismiss the rest.
Note: You must do constant checks on permanent inventory to ensure profits stay high. It’s also a good idea to do further checks on products that fall slightly below your profit expectations to see if changes to your listing might generate higher profits later.
- Take payment for goods sold in your test listings, buy sufficient stock to fulfil orders, use profits to pay your eBay and PayPal fees, spend the remainder on stock for future listings.
- Make replenishment of stock from profits your main priority and look for products that at least double your investment after overheads. This allows you to double your wealth every time you acquire new stock. So as long as the market for your products remains constant, or grows, you could end up with a multi-million pound turnover business in less than one year. Much less if you’re really keen.
To prove it, this is how a little capital reinvested in more stock over several weeks (or months if you’re working alone or part-time), adds up to a quick and easy fortune. This works where you begin with £100 capital and week one finds you making and reinvesting £200 in stock (original investment plus £100 profit), week two’s investment is £200, week three is £400, and so on. It goes like this:
Week Investment Profit
£ £
1 100 200
2 200 400
3 400 800
4 800 1,600
5 1,600 3,200
6 3,200 6,400
7 6,400 12,800
8 12,800 25,000 (rounded for ease)
...etc.
Of course, I’m not suggesting you’ll make that kind of money working alone, or that you’ll do it over just a handful of products, but with a concerted effort, help and lots of mud thrown at the wall, it just shows how much money can be made in such a short space of time!
Making Money at Work
Nice wee money spinner at work. Everyone puts a pound in the hat and makes predictions on the week's Premiership games. Winner takes a cut of the pot. Here is last week's results:
Please see below for the Week 2 results in the football predictor. Congratulations to Ross ‘i studied the form every evening last week’ Taylor, and Robert ‘the only man in the country to forecast QPR winning at Everton’ Oram. You are the joint winners for week 2, and share £16. Please come and collect your winnings from me!
WEEK 2 RESULTS
Ross Taylor 8
Robert Oram 8
Jonny Illingworth 6
Louise Politano 5
Karran Marshall 5
David Markham 5
Richard Flatt 5
Alan Bird 5
Sue Brightwell 5
Mark Burge 4
Sundip Sahota 4
Anni Bartram 4
Dean Cornish 3
John Styring 3
Stephen Prati 2
Tom Sarsons 1
As for the cumulative table, please see below. Louise Politano is still up in the lead, but now is joined by Ross Taylor. (Green shows who has paid)
NAME WEEK 1 WEEK 2 CUMULATIVE POINTS
Ross Taylor 4 8 12
Louise Politano 7 5 12
Karran Marshall 5 5 10
Dean Cornish 7 3 10
John Styring 7 3 10
Robert Oram 1 8 9
David Markham 4 5 9
Richard Flatt 2 5 7
Jonny Illingworth 0 6 6
Mark Burge 2 4 6
Alan Bird 0 5 5
Sue Brightwell 0 5 5
Sundip Sahota 1 4 5
Stephen Prati 3 2 5
Tom Sarsons 4 1 5
Anni Bartram 0 4 4
Chris Wood 4 - 4
Please see below for the Week 2 results in the football predictor. Congratulations to Ross ‘i studied the form every evening last week’ Taylor, and Robert ‘the only man in the country to forecast QPR winning at Everton’ Oram. You are the joint winners for week 2, and share £16. Please come and collect your winnings from me!
WEEK 2 RESULTS
Ross Taylor 8
Robert Oram 8
Jonny Illingworth 6
Louise Politano 5
Karran Marshall 5
David Markham 5
Richard Flatt 5
Alan Bird 5
Sue Brightwell 5
Mark Burge 4
Sundip Sahota 4
Anni Bartram 4
Dean Cornish 3
John Styring 3
Stephen Prati 2
Tom Sarsons 1
As for the cumulative table, please see below. Louise Politano is still up in the lead, but now is joined by Ross Taylor. (Green shows who has paid)
NAME WEEK 1 WEEK 2 CUMULATIVE POINTS
Ross Taylor 4 8 12
Louise Politano 7 5 12
Karran Marshall 5 5 10
Dean Cornish 7 3 10
John Styring 7 3 10
Robert Oram 1 8 9
David Markham 4 5 9
Richard Flatt 2 5 7
Jonny Illingworth 0 6 6
Mark Burge 2 4 6
Alan Bird 0 5 5
Sue Brightwell 0 5 5
Sundip Sahota 1 4 5
Stephen Prati 3 2 5
Tom Sarsons 4 1 5
Anni Bartram 0 4 4
Chris Wood 4 - 4
Friday, 19 August 2011
This weeks' stat attack
West Brom haven't been involved in a goalless draw for 80 games. Lay 0-0. Odds 23.
Crystal Palace haven't won on the road for 19 games. Lay Palace 5.
Celtic are unbeaten at home in 16 games. Conceding very few. Lay St Johnstone 30.
Man Utd are unbeaten at home in 26 games. Lay Spurs at 6.2
Southampton are unbeaten in 11 at home. Lay Millwall at 5.3
Shortest odds this week therefore are Crystal Palace. I'll be laying a £5 bet on them.
Will report back on results.
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