Just bought a business (too good to refuse it)

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Carl Nixon
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Posted: 21st Jun 2012 - 15:07 Quote

It is a good baby gift idea, my daughter had something similar when the grandsons were born. From memory it was part of a larger baby hamper.

Not sure I would have paid £50 for the business though unless it included stock, it seems like it would be dead easy to replicate.

Good luck with it though

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Sara Flay
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Posted: 21st Jun 2012 - 16:17 Quote
Hi Carl yes it came with over £500 worth of stock xx

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Brian Fakir
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Posted: 22nd Jun 2012 - 07:41 Quote

Testament to the power as Cat says of our new found friendships and support team we have created here in South Wales and our promise to be there for each other on a daily basis, mentoring, buddying and encouraging. Weve had a little blip now and then along the way and that happens, but everyone was there to rebuild.

 

So what was the risk £50.00, most of us probably pee that against the wall on a weekend. Quote from Alvin Hall ' Never bet more than you can afford to  lose'

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Lauren Pears
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Posted: 22nd Jun 2012 - 14:09 Quote

Well done you Sara! Hope all goes well for you! 

 

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Gavin Forster
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Posted: 22nd Jun 2012 - 16:34 Quote

Kinda like a hamper for new mums (dads!) - sounds ameircan to me,  But for £50 what's the most you could lose?

If it is a visual display thing I assume they need to be made up and then sold as displayed - or do they come as a kit?  Maybe mothercare will take it up under licence???

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Gareth Mailer
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Posted: 22nd Jun 2012 - 22:50 Quote
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Guys - with respect - I think you're being a bit harsh here!

Maybe in hindsight of Sara's replies that the product is targetted at women and for baby showers (and not to eat) plus the fact she got £500 of stock for £50 and that there are more than 500,000 pregnancies in the uk EACH YEAR (I think you'd call that a healthy target market) - you may care to rethink your comments above?

The alternative is we could say nice things and ultimately delude? 

I agree with Lee - I always wish anyone starting up in business the best of luck, however 8 businesses is a tad to diluted a focus in my opinion, and I've learned this with experience. Build a business up, make it work, and THEN build another. 

I bought SEOManchester.net for £280, it was bought for £950 two years previous to my purchase - was it worth it? Yes. Did I have to spend a whole heap of money on top of what I paid to promote it? Did it detract from the performance of my "main" business in doing so? Yes. 

Just because you've bought stock for well below market value doesn't necessarily mean you can SELL that stock. 

n.b. before anyone has a go at me, I'm not meaning to rain on anyone's parade, just giving realistic feedback based on experience...

 

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Gareth Mailer
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Posted: 22nd Jun 2012 - 22:51 Quote
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How many businesses and business interests does Richard Branson have?

Would you criticise him?

I can see what Sara is doing and applaud her for the foresight to grab this business for a silly price

How many did he start with? 1. 

 

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You know me, you know how amazing I am at SEO, right? Can you imagine how great it would be if I were to devise an SEO strategy for your Company, if you had me on tap 24 hours a day, 7 days a week to cultivate a strategy for your brand online? Well, now you can - what's more, you can do it for FREE

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Sara Flay
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Posted: 22nd Jun 2012 - 23:18 Quote
Thanks for your input x

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Carl Nixon
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Posted: 24th Jun 2012 - 19:40 Quote

Shows the power of networking - Talking to someone looking for gifts for a new parent, and guess what idea came up

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