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18 May 2013, 21:06
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#1
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Member
Country: UK - England
Town: Thornbury
Make: Avon Searider 4m
Length: 4m +
Engine: 50hp tohatsu tldi
Join Date: Sep 2012
Posts: 648
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How to make a quick buck?
Don't worry I am not that stupid thinking you can turn £1 into £100 without risks but....
If you had £300 and had to invest in something be it boat related or not, what would it be?
Let it commence.....
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18 May 2013, 22:17
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#2
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Member
Country: UK - England
Town: N. Devon
Boat name: (Not Another) Nutkin
Make: Highfield
Length: 6m +
Engine: Outboard, Honda 135
MMSI: 232036183
Join Date: Dec 2008
Posts: 2,047
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custom built fuel tanks to enable me to remove the poxy plastic things
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18 May 2013, 22:45
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#3
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RIBnet admin team
Country: UK - Scotland
Boat name: imposter
Make: FunYak
Length: 3m +
Engine: Tohatsu 30HP
MMSI: 235089819
Join Date: Sep 2005
Posts: 11,632
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Quote:
Originally Posted by henryfreston
How to make a quick buck
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Quote:
If you had £300 and had to invest in something be it boat related or not, what would it be?
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Invest usually suggests some period of time rather than quick buck.
Can't think of anything you could add to your boat that would even be sure to get your money back never mind a significant profit.
I guess buying a tatty dinghy and doing it up and selling on would be possible but there is a shed load of elbow grease on top of the cash. The same may apply to old outboards if you are handy with a spanner.
I did meet someone who claimed to have funded a £2000 bike just through the 'free' introductory offers that the online casino / betting places offer. But I think (i) you need to know what you are doing (ii) you need to have a lot of discipline so you don't loose your own money. The people running this are not stupid and know its much more likely they will profit from this than you will!
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18 May 2013, 22:51
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#4
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Member
Country: UK - Scotland
Town: Fort William
Make: Ribcraft 585
Length: 5m +
Engine: Yamaha F115
Join Date: Mar 2012
Posts: 2,919
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Something that has always annoyed me is jerry/fuel cans, be it metal or plastic, don't seem to have a separate breather on the opposite side from the spout, this would stop the splashing/glugging you get whilst pouring them.
The spouts you can get for jerry cans DO have a breather incorporated in them but the air still has to go back up through the fuel.
A simple pull up breather would make the world of difference.
Design and produce one with your free cash, I reckon it could be a winner.
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There is a place on this planet for all of Gods creatures.........right next to my tatties and gravy.
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18 May 2013, 22:53
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#5
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Member
Country: UK - England
Town: Thornbury
Make: Avon Searider 4m
Length: 4m +
Engine: 50hp tohatsu tldi
Join Date: Sep 2012
Posts: 648
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Quote:
Originally Posted by Poly
Invest usually suggests some period of time rather than quick buck.
Can't think of anything you could add to your boat that would even be sure to get your money back never mind a significant profit.
I guess buying a tatty dinghy and doing it up and selling on would be possible but there is a shed load of elbow grease on top of the cash. The same may apply to old outboards if you are handy with a spanner.
I did meet someone who claimed to have funded a £2000 bike just through the 'free' introductory offers that the online casino / betting places offer. But I think (i) you need to know what you are doing (ii) you need to have a lot of discipline so you don't loose your own money. The people running this are not stupid and know its much more likely they will profit from this than you will!
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what i meant by investment (i know probably wrong word) was buying something e.g. engine then selling it on.
I may be buying my fiends 4hp 2 stroke 1990's mariner, i have seen them on ebay with a buy it now £350 and he only wants £200 and i reckon i can get him down to £180. GAMBLE?
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18 May 2013, 23:24
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#6
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Member
Country: UK - England
Town: St Helens
Boat name: Wine Down
Make: Maxum
Length: 8m +
Engine: Inboard
Join Date: Apr 2012
Posts: 934
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Quote:
Originally Posted by henryfreston
what i meant by investment (i know probably wrong word) was buying something e.g. engine then selling it on.
I may be buying my fiends 4hp 2 stroke 1990's mariner, i have seen them on ebay with a buy it now £350 and he only wants £200 and i reckon i can get him down to £180. GAMBLE?
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Yep, its worth 3-500 on Ebay depending on condition, your ability to post it and your own feedback profile.
But you need to be a bit handy, give it a basic service at least just for peace of mind, this will cost you around £25 in bits, but it should also increase your sale price. Building in value will increase your profit.
One tip, if you start making money off your friends, they will not be your friends much longer.
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18 May 2013, 23:31
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#7
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Member
Country: UK - England
Town: South Yorks
Boat name: Black Pig
Make: Ribcraft
Length: 5m +
Engine: DF140a
MMSI: 235111389
Join Date: Feb 2008
Posts: 12,178
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Quote:
Originally Posted by henryfreston
what i meant by investment (i know probably wrong word) was buying something e.g. engine then selling it on.
I may be buying my fiends 4hp 2 stroke 1990's mariner, i have seen them on ebay with a buy it now £350 and he only wants £200 and i reckon i can get him down to £180. GAMBLE?
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Watch out for those fiends, they can be devilish little buggers, they might even read Ribnet
__________________
Rule#2: Never argue with an idiot. He'll drag you down to his level & then beat you with experience.
Rule#3: Tha' can't educate pork.
Rule#4: Don't feed the troll
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18 May 2013, 23:57
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#8
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Member
Country: UK - Scotland
Town: Glasgow
Boat name: stramash
Make: Tornado
Length: 5m +
Engine: Etec 90
Join Date: Feb 2006
Posts: 5,090
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Just had 20 % growth of my pension in 1 month because I put the whole lot into ... Leg Masons Japanese Equity Index fund... beat that growth from anywhere else .. And ISA's too and no I'm not a fund manager just doing what any guy in the street could do with a sipp which you manage yourself
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19 May 2013, 00:32
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#9
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RIBnet admin team
Country: UK - England
Town: The wilds of Wiltshire
Boat name: Dominator
Make: SR5.4
Length: 7m +
Engine: Yam 85
MMSI: 235055163
Join Date: Jul 2005
Posts: 13,069
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It's difficult to turn £300 into any more without a disproportionate amount of elbow grease.
However, you can make profits going to auctions,car boot sales or boat jumbles then reselling stuff on Ebay after really knocking people down on prices.
It's hard work,you have to know what you're looking for and don't forget to factor in travel and seller fees.
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19 May 2013, 00:40
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#10
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Member
Country: UK - England
Town: Royal Wootton Bassett
Length: 8m +
Engine: 250
Join Date: Jul 2008
Posts: 8,047
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Quote:
Originally Posted by henryfreston
How to make a quick buck?
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Sell your bote
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19 May 2013, 01:12
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#11
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Member
Country: UK - Scotland
Town: Central Belt of Scotland
Boat name: Puddleduck III
Make: Bombard
Length: 5m +
Engine: 50 HP
Join Date: Mar 2009
Posts: 2,066
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Quote:
Originally Posted by A1an
Something that has always annoyed me is jerry/fuel cans, be it metal or plastic,....
Design and produce one with your free cash, I reckon it could be a winner.
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you mean - www.safetyfilldirect.co.uk or the fife company www.superspout.com
others are on market !
S.
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SPRmarine / SPRtraining
RYA Training Courses & Safety Equipment Sales
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19 May 2013, 01:15
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#12
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Member
Country: UK - Scotland
Town: Fort William
Make: Ribcraft 585
Length: 5m +
Engine: Yamaha F115
Join Date: Mar 2012
Posts: 2,919
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Quote:
Originally Posted by SPR
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Cheers for the link.
__________________
There is a place on this planet for all of Gods creatures.........right next to my tatties and gravy.
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19 May 2013, 05:47
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#13
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Member
Country: UK - England
Town: LONDON
Make: SR4/ZODIAC/3D
Length: 4m +
Engine: 30T/40T
Join Date: Oct 2011
Posts: 1,433
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Quote:
Originally Posted by henryfreston
what i meant by investment (i know probably wrong word) was buying something e.g. engine then selling it on.
I may be buying my fiends 4hp 2 stroke 1990's mariner, i have seen them on ebay with a buy it now £350 and he only wants £200 and i reckon i can get him down to £180. GAMBLE?
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The "Buy it now" doesn't mean people actually buy it. And your use of the word "investment" is correct. Be it second hand outboards or pension funds.
A chap I know is making a killing selling 2nd hand tyres.
But quick get rich schemes are generally like hens teeth, however if you can get your hands on some rocking horse dung you might be able to turn that around.
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19 May 2013, 07:54
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#14
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Member
Country: USA
Town: NorCal
Boat name: SHARKY
Make: AB
Length: 4m +
Engine: Honda BF75 & BF5
Join Date: Dec 2009
Posts: 2,108
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Show me the money
Not my cup of tea. I have never even been to a strip club.
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19 May 2013, 08:42
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#15
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Member
Country: UK - England
Town: Wild West
Boat name: No Boat
Make: No Boat
Length: under 3m
Join Date: Jan 2008
Posts: 5,306
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...Where DO I SIGN!????
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A clever Man learns by his mistakes..
A Wise Man learns by other people's!
The Road to HELL ..is Paved with "Good inventions!"
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19 May 2013, 09:17
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#16
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Member
Country: UK - England
Town: Thornbury
Make: Avon Searider 4m
Length: 4m +
Engine: 50hp tohatsu tldi
Join Date: Sep 2012
Posts: 648
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I made quite a good business selling reptiles for a while, in fact that is was funded my honwave t40 which I bought for 1700 with a 25hp engine. Around 900 of it came from selling my collection. I have just sold one I my carpet pythons for £200 but it no longer works because I am down my caravan all summer so can't look after them.
I might try and buy an old dinghy and do it up or
Buy a spares or repair engine. That or I just spend the £300 I have on the boat and don't try and make more money from it.
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19 May 2013, 10:34
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#17
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Member
Country: UK - England
Town: LONDON
Make: SR4/ZODIAC/3D
Length: 4m +
Engine: 30T/40T
Join Date: Oct 2011
Posts: 1,433
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Why did the carpet python stop working?You should use a Hoover.
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19 May 2013, 10:40
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#18
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Member
Country: UK - England
Town: Dorset & Hants
Boat name: Streaker/Orange
Make: Avon/Ribcraft
Length: 4m +
Engine: 50Yam/25 Mariner
Join Date: Apr 2007
Posts: 5,551
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Quick and easy returns generally only happen to the lucky.
Quick returns happen to people who have put time, effort and work into learning how to make a quick return without being overly greedy looking for profit - and even then sometimes they get it wrong.
An investment to me needs time - either in finding the right ' deal', learning what is the right deal and having learnt when to walk away as 'something' isn't quite right.
I think its true if you managing pension funds, investment funds, boat buying and selling or anything ! Anyhow I'm off to pick up a little boaty I have just purchased ...SIB club fun (I just cant talk about it yet).
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19 May 2013, 11:03
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#19
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Member
Country: UK - Wales
Length: no boat
Join Date: Jan 2012
Posts: 1,012
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Quote:
Originally Posted by henryfreston
Don't worry I am not that stupid thinking you can turn £1 into £100 without risks but....
If you had £300 and had to invest in something be it boat related or not, what would it be?
Let it commence.....
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I think I may have your answer,
For £300 you could always buy a suitable waterproof camera, affix to your boat, choose your time wisely and take snap shots similar to those posted recently, Fly a flag saying Get yer pics er dot com, you charge 10 or 15 quid a pic, Bobs ur uncle. Maybe?
That'll be 25% commission + 20% vat
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