Notes from the Journey of the Radio 702 / Cape Talk Money Show R1000 ($100) Business Startup Challenge
How I made a Profit in just 6 Weeks and How You Can Too
Tips for Micro-business Entrepreneurs
Showing posts with label Money Show R1000 Challenge. Show all posts
Showing posts with label Money Show R1000 Challenge. Show all posts

Monday, January 7, 2013

Why I think these Blog Posts are Popular..


Here is a list of some of the "all time" most popular "1000 Beautiful Bracelets" Blog posts to date and a brief reason why (although I could be wrong, have your say in the comment section if you have another point of view):

It seems the Money Show Challenge aspect of BeautifulBracelets continues to draw a great deal of interest and attention, and certain of the weekly reports get a lot of attention (I gave a report-back for each of the 6 weeks of the Challenge). I am not sure why certain weeks got more attention than others. Here are links to the most popular of those:



Then I feel the next two Posts are popular because these give practical advice on social media and on aspects of getting products marketed:



Lastly, these three Posts I believe are popular because we all need a bit of inspiration:



The reason I continue to keep up with this Blog is to bring hope, inspiration and practical help to people working on their own micro business idea. It is worth it if just one person receives that encouragement.

Thursday, December 13, 2012

Beautiful Pendants is Launched!

At the time of the Radio 702 Money Show Challenge, Tracey Webster, CEO of the Branson Centre for Entrepreneurial Development recommended Beautiful Bracelets’ next step may be to branch out into other product lines, like Pendants. A week before the Grande Finale, we had actually designed and made up a Beautiful Pendant and Bracelet set to be auctioned on a Charity Art Auction in aid of the Starfish Foundation. Today we carried through with the idea, and launched “Beautiful Pendants”. We had previously secured the domain www.beautifulpendants.co.za and will be pointing that domain to the products page for Beautiful Pendants shortly. The Beautiful Pendant and Bracelet Gift sets make a great Gift idea. The deadline for orders to make it under the Tree in time for Christmas is Tuesday 18 December: Don’t delay, place your order now!

Monday, December 3, 2012

Re-Seller Opportunities

In some countries (USA for one), you need to ensure you have the necessary permits:a Re-seller's Licence or Permit. I can't find anything like that in South Africa nor have I ever heard of it, if anyone has please let me know! The reason is that the VAT portion is removed for parts of the transaction. That isn't really applicable in this case since the VAT registration threshold in South Africa is R1million of taxable supplies per annum (2012). Beautiful Bracelets will be thrilled when it reaches that level!

I had been looking at other ways to sell Beautiful Bracelets, which included Re-Sellers, when people started approaching me directly to Re-sell Beautiful Bracelets, even from overseas! (Australia). The ones I am most excited about are the students, who at the moment in South Africa have their summer break of 2-3 months over December/January. Today I met one of them, who had listened to the entire Money Show Challenge and had been inspired by it to create her own small business on the side whilst she continues to complete the final year of her IT degree next year. I find this very exciting, because this is really the best way to solve the unemployment situation in South Africa in my view: Students need to be thinking about business already whilst working on their studies.. The long vacations are the perfection opportunity to practice starting a small business, and if you or someone you know is in that scenario, why not use the model given in the Radio 702 Challenge, and make a decision to work as hard as you can and see if you can make a go of it? The worst case scenario is you used R1000 and got no return. Or R50. Or, you could generate a profit of R3,750 or R4,850 or R12,000 or, like the incredible Pavlo Phitidis maybe you also have a brilliant idea and with a whole lot of hard work can multiply it into nearly R70,000 in just 6 weeks! 

It was truly gratifying today to be told by this Student that she had been inspired by the R1000 Money Show Challenge to do it herself which is why she contacted me to start her own small business, using her social networks to sell Beautiful Bracelets!

Saturday, December 1, 2012

Inspiration from Others

I really enjoy hearing from people who get in touch with me and tell me they heard the Radio 702/ Cape Talk R1000 Money Show Challenge, some of whom were avid listeners, they didn't miss a single show that focused on the Challenge. Earlier this week I received an unexpected call from a couple whom I knew very well but hadn't spoken to for a number of years, they now have an olive farm in a remote spot in the Cape, so remote it doesn't even have cellphone reception, but the farmer listens daily to the Money Show..! A fascinating re-connection.

And then last night, someone who'd been listening to every broadcast of the Money Show especially the section focusing on the R1000 Challenge, introduced himself at the Midrand Moonlight Christmas Market and bought a Beautiful Bracelet for his wife! I find these moments very encouraging, it seems that many people were inspired by the R1000 Money Show Challenge.. and are all amazed at Pavlo Phitidis.

Monday, November 26, 2012

Twitter Tips to Promote Your Startup Business


Before the Radio 702 Money Show Challenge on 1 October 2012, although I had a personal Twitter account, like so many others: I never used it. So I had to become an expert on Twitter (and many other things) in a hurry since starting Beautiful Bracelets! I have a few tips for those who, like me, are fairly new to Twitter. I could probably do some of these things a bit better myself, I’m still learning! I am including some things that put me off Twitter so I hope I am not offending anyone by mentioning it here. Feel free to leave a comment or a tip, I am quite happy to consider other points of view or ideas. I’m still growing, learning and changing to become better at this each day:
  • Don’t spam your Followers by sending out too much info in a rapid succession of Tweets. Rather use something like Hootsuite or Tweetdeck and schedule the information in say, 5 short Tweets over the period of a week or so.
  • It is better not to have your Facebook/Twitter accounts linked, I noticed very quickly that people don’t like it. It feels too much like Spam.
  • No graphic details. Don’t tell me what you ate for breakfast, lunch or supper unless you’re a restaurant. Maybe I’m squeamish.
  • Reach out to your Audience in a friendly way and tell them things that may be of interest to them. The kind of things that others “retweet” will give you an idea of what people like to hear about. Tailor this to yourself and your tweeting.
  • Be Retweetable! Add Tweet buttons to your website and Blog. Make it easier for others to retweet you. Keep your Tweets to under 120 characters or less if you want to allow commentary.
  • Tweet to Inspire or Inform: Some of my best viewed content was as a result of the following Tweets: “Anything is Possible”, “How to GetYour Products into Retail Stores”, “Have a Vision for Your Business”. In each case, I quoted the link to the related Blog Post on the “1000 Beautiful Bracelets” Blog.
  • Track your success. Google Analytics is a great tool for this. What is the point of using Social Media or Blogs if you don’t track everything and keep yourself up to date with what’s of interest to your audience? 
  • Be relationship-focused and keep the human-interest angle top of mind.

Finally, please Retweet this Post!

Sunday, November 25, 2012

More Christmas Markets..!


Our first Christmas Market was a wonderful success. It really was a stunning vibe, I hope the photo gives a sense of the atmosphere, which was heightened with a sense of “intrigue” as husbands waited for wives to walk on to the next table before sneaking back to buy a Beautiful Bracelet as a gift for her! A few people commented that they had avidly followed the Radio 702 Money Show Challenge, it was lovely to meet and chat to them.

With such a lovely start to the Festive Season, we are really looking forward to this coming Friday evening, when we will be at the Midrand Urban Moonlight Market and Carols...

Thursday, November 22, 2012

Customers Who Love Beautiful Bracelets!

I surprise myself that even after having arranged delivery via courier of quite a number of Beautiful Bracelets to various customers from across South Africa and overseas, I STILL wait, holding my breath each time, to find out whether the person is happy with their order and with the product. To date, between 25% and 30% of all Beautiful Bracelets sales have been online sales. And since my desire is for this online business to really take off and do well, I am probably a bit intense over making sure I do it right.

I don't want to pressure anyone by calling or emailing too quickly. So usually I just wait. Of course, if I had no response within a reasonable period, I would follow up in case there is a problem (thank goodness, no problems to date). I do have a 100% guarantee/returns/refund policy but hope it is never needed. This past week has had the most orders generated so far and many of the deliveries reached their destinations. I am so happy to have received ecstatic, happy responses from customers so far:

Here are a few highlights from comments by customers since the inception of Beautiful Bracelets on 1 October (for the Radio 702/Cape Talk Money Show R1000 Challenge):

The first delivery was actually to a customer in Ladysmith, Kwazulu Natal, who found out via Facebook. (A Facebook friend via other friends of mine): Received today...early Christmas shopping....they are beautiful Valerie Pole...love G.

Thanks Valerie. Good product, delivery and service. Well done. Good luck with your competition. (Comment by a client on “HelloPeter.com” by a customer who heard about Beautiful Bracelets as a result of the Radio 702 Money Show Challenge)

I have received the bracelets and they are STUNNING!! Thank you very much they are going to make beautiful Christmas gifts for my daughter and granddaughtr from the UK. (a client in Johannesburg who was probably referred as a result of a delivery of Beautiful Bracelets to another customer who works at the same place).

Yesterday I had 2 phone calls from clients who were ecstatic with their delivery of Beautiful Bracelets. One of whom was The Ballet Box, a shop in Cape Town which is selling Beautiful Bracelets. They ordered 10 Beautiful Bracelets and sold 4 immediately on unpacking them! Her comment on her Facebook Page: JUST UNPACKED! .... hurry hurry...10 ordered, 4 sold already.....1000 Beautiful Bracelets you rock! I love the quality - a nice weight and no scimping on the quality of beads and packaging!


Another Facebook customer (a friend I haven’t seen since school!) said today: Just to let you know that I have received my order and the bracelets are stunning. All the girls at work loved them and I have given them your website so I hope you get some more orders.Take care...

So how DO you create raving fans?

By delivering an excellent product, and giving legendary service. May the compliments continue. I will do my best to ensure continued success!

Monday, November 19, 2012

Anything is Possible

One of the best things that has come out of starting "Beautiful Bracelets" (as a result of the Radio 702/Cape Talk Money Show Challenge) is that I have had wonderful comments, compliments and even phone calls from complete strangers, some of whom would like to start a micro-business (or already have). Some of these started a micro business as a result of realising it can be done, many of them saying they were specifically encouraged to start as a result of the Money Show Challenge.

My favourite comment of all came today in an email from a customer in another City who purchased from Beautiful Bracelets online:

I just transferred money for the bracelet and look forward to receiving it.

You know what?
I hardly ever, well I could say never wear jewellery.

However wanted to have a bracelet because it will be a fabulous reminder that 'anything is possible'.

Isn't that just wonderful? Yes, I believe it.

Anything is Possible.
Beautiful Bracelet as sold on the website

Thursday, November 15, 2012

YuppieChef Tips for E-commerce Startups

Since YuppieChef is one of the online businesses whose success and customer service I aspire to emulate, I was amazed and thrilled that on the same night of the Grande Finale of the 6 week R1000 Money Show Challenge, Bruce Whitfield interviewed Andrew Smith, co-founder and Managing Director of YuppieChef:

Bruce Whitfield:Our Big Issue is all about Entrepreneurship and how hard it is to start a business, how tough it is to start a business...So what we’ve asked is this evening that 2 of our Shapeshifters who we’ve spoken to this year on the Money Show, Simon Mantel the owner of Mantelli’s Biscuits and Andrew Smith co-founder and MD of YuppieChef.co.za come on and just join us and tell us some of their trials and tribulations. We’ve had a most remarkable evening here at Prime Media Place, I’ve not been this moved in a long time by the genuine efforts of 5 incredible people who took up our challenge and have delivered way beyond my expectations. I honestly believe that if we gave the Starfish Foundation R5000 at the end of this evening we would have done an incredible job. What we’ve succeeded in doing was giving them R65000 largely due to the miracle efforts of Pavlo Phitidis, but I don’t want to downplay the hard work done by Warren Ingram, done by Tsego Modisane who has had a nightmare 6 weeks, he has tried things, he has had the guts and the spirit and the determination of a Jack Russell terrier, to Paul Theron who has been beaten by the wind and the rain, and then of course to Valerie Pole who has been an exceptional contestant as well. Congratulations to all of them.

Andrew Smith is the MD of YuppieChef He joins us on the line from Cape Town. We’ve heard amazing stories this evening of start up businesses, Andrew, of how difficult it is and of how people have used their networks. When you started YuppieChef and you look back at the history of YuppieChef so far, what are the 3 things that you would have done differently in setting up a website which sells the most extraordinary array of culinary artefacts, and useful things too, online? What are the 3 things you would have changed?

Andrew: Evening, Bruce. You know, I always disappoint people with my answer to this question because I’m very happy with where we are now and if I’d changed much of our path to this point, we’d be in a different place. So I don’t actually have 3 things we could have done differently, but I did think of 3 things that I’m very glad we did do.

Bruce: Then tell me those..

Andrew: Well, first of all I’m very grateful that we started a business that we were passionate about. Getting a business off the ground and where you’re going to spend 10-12 hours a day slogging hard, it really helps to do something that you actually care about doing. I tried to imagine myself in a business that I didn’t enjoy what we sold, didn’t enjoy dealing with the customers, or dealing with the team, and I think that would be an aweful place to be. So that’s my first thing – is it something you’re passionate about?

The second thing I’m very grateful that we did is prioritise the relationship with customers over short term profits. And I think that really serving and being generous to your customers is what makes it a more enjoyable process but it has also reaped the rewards, we see it now. And even in the beginning it can seem like a long investment, if I deal with this customer well, is it going to pay off in the long term. And it has over the years, and I’m very glad that we’ve done that.

And then finally, I’m very glad that we stayed focused. We sell kitchen tools, we sell them online and we sell them in South Africa. And there’ve been along the way all sorts of opportunities to open physical stores or to branch out into other things and just being able to stay focused on that and everyone we meet and everyone we speak to, it’s a very simple thing that we tell them, and that’s helped us, and it’s also helped our positioning in the marketplace.

I think if you look at all 3 of those things, so many choices are about making more money, or sticking to what you’ve decided to do, and really, these things that I think of as our key lessons are about deciding to stick to what your core is and customers will notice and the results come out. And that’s really what your Brand is. It’s not a marketing campaign or a clever slogan. Your Brand is what you decided to stick to at your core.

Bruce: But it’s inasmuch as what you don’t do as what you do do, because, if you do a bunch of stuff you shouldn’t, it’s going to distract you from what you should.

Andrew: That’s right. I think businesses are so much simpler, particularly new businesses are so much simpler than other people make out them to be. If you do what you say you’re going to do in the time you said you’re going to do it, you’ll be successful. And how many of us wanted to have someone come over and quote on some plumbing and they never even arrive, or if they do they never get back to us on the quote? Work out what problem you’re trying to solve, and do it, and the rest just follows.

Bruce: And have you had issues with regulation, have you had issues with that regulatory environment. Internet access has been a big hindrance to the explosion of YuppieChef online.

Andrew: It’s been ok. Everyone would like to have faster internet. Browsing websites is accessible to just about every customer we could have, but what I do wish the Government had done is to fix the Post Office. That would have been great in an E-commerce environment. But I don’t think there is much hope of that. What I really would have been grateful for is a simpler labour law environment. I’m not the first person to say that. You hear everyone saying that from the biggest companies down to the small. On behalf of the smaller entrepreneur, the fear about, if I employ someone, and it doesn’t work out, what if the position is wrong or what if they’re wrong, what happens? And I think there’s a lot of fear and uncertainty and no real places to go get the answers to that. And I think unfortunately it causes a lot of people holding back on employing because they’re worried about what the repercussions might be down the line. And we’ve heard these horror stories about CCMA and all these other things and most people don’t understand what they are but that is something that I wish was different in this country.

Bruce: Andrew Smith, the co-founder and Managing Director of YuppieChef: his experience as an entrepreneur..

You can download the entire Podcast for this MoneyShow here: 
The interview above starts 59 min into the Podcast and is preceded by the Grande Finale of the MoneyShow Challenge.

Wednesday, November 14, 2012

Next Steps...


Note: This Blog Post relates to some of the things one would need to do for a business in South Africa.
Whilst some of the things would be similar, each country has its own requirements, which you could find out via a Google search or speak to an attorney, accountant or business advisor in your own country.

For the first 6 weeks of this Beautiful Bracelets business I focused on growing the business and generating sales. I didn’t want to add unnecessary expenses to the business and in any case one would first want to prove the business to be a viable one before doing that. A number of years ago I had a recruiting company, one of the clients who used my services for recruiting his start up staff spent R50,000 with me in the first couple of weeks into the business (the equivalent of R250,000 in today's money), utilizing the Access Bond on his house to finance his business. His business folded within 6 months, and sadly these employees lost their jobs. It would be prudent in a micro-business start up to watch your spend very carefully in the first 6-12 months. Take advice and wisdom from others around you (for me this is my business coach, Stan Close of Ikusasa).

Now we have to work on the practical aspects. Beautiful Bracelets and its profits are now MINE to do with as I wish (until 12 November all profits went to Radio 702/Cape Talk Money Show for the Starfish Foundation and I’m thrilled about that), I have to make sure to do all the right things and some of these things cost money and require re-investing some of the profits back into the business. Like purchasing domains that would point to Beautiful Bracelets or the 1000 Beautiful Bracelets Blog... So by going into “Google Analytics Dashboard” I can work out which “search terms” people from around the world are using to find Beautiful Bracelets and start by registering those domains and pointing them to my websites. I also want to make sure I get them before anyone else does, possibly to pre-empt any copycat ideas! For starters, you will find the Blog if you try www.1000beautifulbracelets.com or www.1000beautifulbracelets.co.za with highly visible links to the main Beautiful Bracelets website where you can buy Beautiful Bracelets online.

The next step is to register the company name with Cipro and get all the paperwork done. In my first business, a recruiting company, I registered my own Close Corporation and had the Founding papers within 24 hours by driving to the Registrar of Companies and Close Corporations in Pretoria. At the time I could do this easily without assistance of an attorney or accountant: my first 4 years of employment were in law firms where this was one of my tasks! You can still do it yourself online or in person but if you don’t have time, pay a lawyer or your accountant to do it for you.

The next thing I want to do is get all the correct paperwork and import/export licences from the Department of Trade and Industry. Even the day after the Money Show Challenge ended I received an order from Canada and the level of business from overseas countries is increasing to a point where I need more systems in place to insure everything is above board. With higher volumes of Beautiful Bracelets being ordered online it won’t be feasible to send the Beautiful Bracelets as “gifts” to other destinations any longer!  A great service is provided by my international courier, with whom I signed a contract giving Beautiful Bracelets preferential local and international courier rates yesterday. This company is focusing on providing excellent rates to e-commerce start-up businesses at the moment. They will help me achieve the required export/import licences via their contacts within the DTI, but I have been warned it can take up to 6 months therefore it is probably important to get these applications in the pipeline soon .

And last, but not least, once your business in South Africa begins to show a turnover that will be likely to exceed R150,000 in its first tax year, it begins to be a more viable option to ensure your business is registered in a format that would attract a lower rate of tax. Your Accountant can advise you on this. Since I have big dreams and a huge vision for Beautiful Bracelets I am already looking at all these aspects. SARS (South African Revenue Service) gives good advice and insights on Turnover Tax here.

There are other aspects one needs to be aware of and deal with as the business grows, I will cover these via this Blog as I get to them. Things like Labour Laws, Basic Conditions of Employment, the practical aspects of business administration and other things one needs to be aware of in the first 6 to 12 months of running a business. I believe in treating people well, and looking after my staff because I believe that if you have staff that are also your raving fans, life will be easier. I want Beautiful Bracelets to be a happy place for people to go to work as it grows! Mike, one of the joint owners of Cappuccino's Midrand (my favourite hangout whilst working on this Blog and the 1000 Beautiful Bracelets Book) is a great example of how one should treat one's staff. Happy staff equals happy customers and more sales!

Tuesday, November 13, 2012

The Day After... (and selling on Twitter)

Valerie Pole, Tracey Webster, Warren Ingram, Pavlo Phitidis, Belinda te Riele, Bruce Whitfield, Paul Theron and Tsego Modisane
I salute Pavlo Phitidis and his phenomenal coup of a profit of  just over R65,000 in 6 weeks from a start-up of  R1000 and I look forward to the in-depth analysis of how he did it (Thursday 14 Nov Money Show, Radio 702 / Cape Talk). The biggest winner of all is the Children of the Starfish Foundation and I'm thrilled to have been a small part of helping them.

You can download the Podcast of the Show here Money Show R1000 Challenge Grand Finale

And watch a short video overview here Money Show R1000 Challenge Video Clip

The Grand Finale last night was spectacular fun, and the profits of each contestant were only revealed at the last moment it seemed. So I kept selling Beautiful Bracelets from the moment I walked into the Entertainment Studio and then whilst the Money Show was in progress, continued to sell Beautiful Bracelets via Twitter to anybody in the room who would buy.. here is how it unfolded on Twitter:
 Although this didn't result in a winning total profit it certainly added to the joyful spirit of the evening!

Monday, November 12, 2012

Radio 702 MoneyShow Challenge Update: Week 6

A very exciting day: The Grande Finale!

Whether I win or lose, this has been a wonderful experience. The most rewarding part of it has been in bringing joy to others: Those who have helped me, those whom I have helped (by creating employment), and those who became clients or customers by purchasing Beautiful Bracelets!

Achievements:
Beautiful Bracelets have sold to people from different towns and cities in South Africa, and have traveled to India, Sweden, England and America! So Beautiful Bracelets has in the short space of 6 weeks become a truly international company, by virtue of being found on the wrists of ladies living overseas..

We found 2 retailers in Johannesburg willing to stock the Bracelets, and this past week, The Ballet Box in Cape Town paid for stock which should be delivered shortly.

Production of Beautiful Bracelets was better than all previous weeks in anticipation of a Weekend Market where 600 women were attending a Conference. Sales were good, although I had hoped to sell more!

I think one of the things I can rejoice over is that "Beautiful Bracelets" has been extremely well branded over this period directly as a result of being a part of this Radio 702 / Cape Talk MoneyShow Challenge, although I was thrilled to have been inspired in the middle of the first night of the Challenge 6 weeks ago with such a catchy name.. And what a win to find the domain name available, as if it had been a "hidden treasure" for years, waiting for this moment! Having mentioned the great publicity, I should point out that although the Branding of the Name has been excellent, so far it seems only 25% of sales have come as a direct result of this competition and its branding (which is quite a lot), most of the sales have been as a result of my existing networks with family, friends and colleagues, as well as my energetic sales initiatives.

Something I am really thrilled about is the Book: "1000 Beautiful Bracelets" (How I made a profit on R1000 in just 6 weeks and how you can too). A real winner! The book will be published by Modjaji Books and should be on the shelves by April 2013, pre-order on the Beautiful Bracelets website here. People are already putting their names down on the list..

Disappointments:
I would have liked to have sold more Beautiful Bracelets. I had a personal goal to sell 1000 Beautiful Bracelets, probably ambitious... but the year isn't over yet: we will certainly celebrate once this target is reached.

A Good Result:
The most important part for me in this Radio 702 MoneyShow Challenge is that I have not just created this business as a 6 Week Wonder: Beautiful Bracelets is on a good path towards ever-increasing successes, a business that will continue to help people by continuing  to create employment and bring hope to people or are unemployed and perhaps even hurting and broken people, especially women. We already have Christmas Markets lined up from now until the end of the year, and look forward to excellent sales in the remainder of 2012.

Sunday, November 11, 2012

When You Have Done All...

Well, I have worked really hard. I have done my best, put all my energy into this Radio 702/Cape Talk Radio R1000 Business Startup Challenge, and done everything I know how, to make it as successful as possible from my side in this short time. I have worked with the awareness that perhaps there is someone out there, doing the same thing as if their very life depended on it: a make-or-break situation: where this might be their last chance to actually " make it". Well, I hope that when the numbers come out it shows that in this one business it really is possible to make a profit within only 6 weeks, and to create a sustainable business that a person could begin to make a living from. I am sure my competitors will prove the same in their respective businesses, and it sounds as though a few of them have done exceptionally well in it, even before we get the facts in the "Big Reveal" tomorrow.

Beloved, when you have done all you know to do…done all you can do to stand, you must remain standing. You must hold on. What do you stand in or hold on to? You stand in Me. You stand on the Rock and not the shifting sands of your own efforts or successes. You stand with faith and confidence when all the odds are against you, for I have indeed entered the fray. You hold on to the Truth…the Word which does not return void. I want you there standing in Me when the answer comes…when the promise becomes manifest and evident.
(A word from Brenda Craig... in Journal for the Heart ).

Saturday, November 10, 2012

Praying...

Apparently 90% of the World's population pray!

If you are one of those, please join me in praying for the success of Beautiful Bracelets. Especially today. It feels as though a lot hinges on just one day. Although the whole of the past 6 weeks has been preparation for this "one day".

It has been an interesting, fulfilling, stretching and fulfilling 6 weeks. I have worked so hard I feel as though I need a holiday, although there are clients waiting for me to take up other Challenges in my other business on Tuesday!. I won't be letting Beautiful Bracelets go, it will continue operating. For the past 6 weeks I have pushed it in a strong growth phase. For the rest of the year I will allow it to stabilise and be established. In 2013 I have big plans for Beautiful Bracelets. I have a vision and a dream for it, beyond this small little beginning!

"Do not despise the day of small beginnings." Zechariah 4:10

An Article on this Radio 702/Cape Talk Money Show R1000 Business Startup Challenge appears in today's issue of the Saturday Star Newspaper.

Friday, November 9, 2012

Big Day Tomorrow!

I have known from the start of this Challenge that 10 November would be the biggest day for me... A Christmas Market at my church where 600 women have confirmed attendance for a Conference running parallel to the Market, a wonderful opportunity for Beautiful Bracelets to be showcased and many have warned me to anticipate a sell-out! I really hope so.

In addition to this, elsewhere there are Beautiful Bracelets selling, in stores, at Flea Markets, online and even at a Charity Art Auction in support of the Starfish Foundation...

I must say, this Radio 702 Money Show R1000 Challenge (make a profit from R1000 in just 6 weeks) has blossomed into something bigger than even I could anticipate. The publicity has been phenomenal, although I am being quite careful to keep tabs as far as possible as to which sales I could attribute to the fact of the publicity generated by the actual Challenge, and which sales are as a result of my own personal networks and social media and ENERGY. It takes a LOT of energy to make a success out of any business and I have worked very hard on this business NOT just with the idea that it is a "6 week wonder" but rather, I have viewed the 6 weeks as an opportunity to start something that would have legs, that would go the distance and actually continue to be a sustainable business that would help people going forward. It may be in the spotlight at the moment, but I still have a big vision for what it possible, whilst still working on the nitty gritty of the day-to-day aspects that are needed to nurture a micro business startup.

There are probably things I could have done better. And I'm sure I will receive useful guidelines. There are people now depending on the ongoing success of this business and my desire is that it will continue to be a source of inspiration, hope, and an income for many...

Thursday, November 8, 2012

77 Low Cost Business Ideas


  1. Adventure Tours
  2. Airport Shuttle
  3. Antiques
  4. Arts & crafts business
  5. Bookkeeping
  6. Business support
  7. Caregiver for Handicapped or Elderly
  8. Cart/kiosk (e.g. roadside hotdogs, boerewors rolls, samoosas)
  9. Child-care
  10. Children’s Fitness
  11. Children’s Theme Parties
  12. Children’s Transportation
  13. Cleaning Offices or Homes
  14. Computer Repair
  15. Computer Tutor
  16. Consulting
  17. Custom Jewellery and Accessories
  18. Desktop publishing
  19. Direct sales
  20. Dog Day Care
  21. Dog Obedience Training
  22. Dog Walking Service
  23. Drycleaning/laundry pickup and delivery
  24. eBay, BidorBuy, Alibaba
  25. Espresso/Coffee Cart
  26. Event planning
  27. Executive Search
  28. Financial Advisor
  29. Fitness Training
  30. Food (eg cupcakes, sweets, etc)
  31. Freelancing your expertise (eg social media consultant)
  32. Gift basket
  33. Golf club cleaning
  34. Grocery Shopper
  35. Handyman
  36. Hobby business (e.g. jewellery making courses)
  37. Home and Office Organiser
  38. Home Decorating
  39. Homestaging (Preparing a house for sale)
  40. House Cleaning
  41. House Painter
  42. House Renovations contractor
  43. House Sitting
  44. Interior designer
  45. Landscaper/Garden services
  46. Language Translation
  47. Manufacturer's rep
  48. Meal Preparation
  49. Medical claims
  50. Mobile carwash
  51. Mobile Massage
  52. Mobile Mechanic
  53. Mobile photography
  54. Office Relocation Service
  55. Organizer
  56. Personal Chef
  57. Personal concierge
  58. Personal shopper
  59. Pet Care
  60. Pet Sitting
  61. Picture Framer
  62. Pool cleaning services
  63. Relocation Services (liaising with International Trade / Embassies)
  64. Restaurant Delivery
  65. Seamstress/Tailor
  66. Security specialist
  67. Self-defence instructor
  68. Seminar production
  69. Shopping Shuttle for Retirement Homes/Villages
  70. Sports business (e.g. “Walk/Run for Life”)
  71. Sports Instructor (Tai-Chi, Kickboxing etc)
  72. Transcription service
  73. T-shirt Design
  74. Tutoring service
  75. Wedding consultant
  76. Window Washing
  77. Windscreen repair

Wednesday, November 7, 2012

5 Key Issues for Effective Logistics

Today I noticed our first compliment on HelloPeter.com (click to view).

Which brings me to one of the most important things if you're contemplating an online business, and that is to ensure you have an effective Logistics Strategy to ensure customer satisfaction. The world is a very small place and if your logistics, delivery and service are excellent this goes a long way to ensuring a favourable perception of your product and branding in the market place. Since I have been wanting to have an online business (maybe several in time), I have been quietly testing the market to see which companies that I order from deliver the kind of excellent service I expect and demand when ordering online. Two of my favourites are Kalahari.com and YuppieChef. Having done that, I researched which company THEY used to handle all their couriers. And one name stood out far above the rest. So I am in negotiations to sign the contract imminently, with preferential rates. It just so happens that over the past month, this local and international courier organisation is running a strategy to favour new startups in e-commerce/online businesses!

There are 5 Key Issues you need to consider for Effective Logistics:

  1. Movement of Product. You need to have an effective system in place to ensure rapid delivery of the product to the client whether it be in the case of Beautiful Bracelets, to the individual who orders one Beautiful Bracelet for a 21st Birthday gift to be delivered the next day in another city or to a Gift Shop.
  2. Movement of Information. It is important to use "online tracking" so that you know where the product is at all times. And to maintain customer contact if there are any problems.
  3. Time/service. Orders must be filled completely, quickly and accurately.
  4. Cost. This is a key issue when measuring logistics effectiveness. The highest price does not necessarily mean the best service, nor does the lowest cost necessarily meet your needs. In this business, Beautiful Bracelets, I approached the Company that I felt was delivering the best service and fortunately they are driving to secure e-commerce service which means they have also given a quote for a preferential rate and a phenomenally low price for this service! And that is for both local and international courier charges.
  5. Integration: between yourself and your suppliers, your customers and retailers, as well as good internal liaison and integration. Partnership and competitiveness are enhanced by good integration, and meeting your suppliers and clients face-to-face is important to enhance good partnerships and alliances.
Each of the above points is essential to ensure the success of your logistics, its value-add to your business and your competitiveness in the market place.

Tuesday, November 6, 2012

Radio 702 MoneyShow Challenge Update: Week 5

Although I try to get this Weekly Update on Beautiful Bracelets done first thing each Monday, this one is a bit late on purpose, I didn't want to pre-empt the In-studio Radio 702/Cape Talk interview with Bruce Whitfield on the Money Show. If you missed this, you can listen/download the Podcast here: 
With Bruce Witfield in the Radio 702 Studios
There were a few landmark things that happened in Week 5:

  1. First international order confirmed via the Beautiful Bracelets website (for 14 Beautiful Bracelets, from London!).
  2. Firehouse Gifts, Dunkeld West Shopping Centre, Jan Smuts Ave, Johannesburg requested and took delivery of Beautiful Bracelets and 2 of these bracelets sold to a customer who walked in whilst I was standing there!
  3. A Cape Town Publisher, Modjaji Books, agreed to publish the book in April 2013, which will probably be titled "1000 Beautiful Bracelets" (subtitle: "How I made a profit from R1000 in just 6 weeks and how you can too")
  4. Employees: Beautiful Bracelets is now the proud employer of  TWO people, creating employment being one of the major aims of this new business. But of course, one has to watch the profits carefully and ensure that expansion of the staff is in line with growth in the business. This is something we will continue to monitor carefully.

Like many people reading this Blog, we are sitting on the edge of our seats and working very hard until the last second, doing our best to beat the other 4 Contestants in the Radio 702/Cape Talk Money Show R1000 Business Challenge.. Since Beautiful Bracelets is a retail item, it all comes down to sales at the end of the day, and we are not sure how all the contestants are doing, so from our side we are doing our best and working as hard as is humanly possible to ensure success. We can do our best. The final decision rests in the hands of the Judge.

Monday, November 5, 2012

The Seed For A Thing is In Itself..


You don't have to look far to find the seed for an idea on something to do that will bring an income and turn a profit. Here is another story I came across, there are so many wonderful examples to gain insight and inspiration from!

Today at the Carwash I started chatting to the Kris Pillay, the Manager about Beautiful Bracelets and he told me an interesting story of how 6 months ago he was retrenched, and he took R200 startup capital made samoosa’s (a delicious curry-filled pastry pocket with 3 corners for anyone who doesn’t know) and sold them on the side of the street across the road from Waterfall Office Park which must have 1000’s of offices and people working there. He added cakes and sweets to his range of stock. The business did well and over the 6 month period he expanded the offerings and started making chicken curries and Breyani (one of my favourite Indian dishes). People loved it, and the Manager of an Office Canteen inside the Waterfall Office Park liked his food so much that when the existing supplier’s contract expired, she offered it to Kris. Kris employed someone to continue with this business under his management (which he is easily able to do being within a very close proximity of the new job he secured in a field he enjoys). Kris said that during the 6 months his food business did so well it assisted him to pay the rent and put food on the table for his wife and family!

I love stories like this...

Saturday, November 3, 2012

Resting...


Today I am thinking of all the cyclists training for the the 94.7 Cycle Challenge (18 November), in the Greater Johannesburg area, one of the largest Cycling Races in the world with over 30,000 entrants in 2012. I almost wish I was a cyclist, what an amazing way this must be to relax and unwind. I am a bit envious of one of my competitors in the Radio 702 Money Show R1000 Challenge who has said he will be participating, and I hope he does really well.

I realised yesterday after losing a SIM card for my main cell/mobile phone, and a few hours later I lost the car keys AND the driver's licence(!) that despite the fact I feel under huge pressure to work, I really have to stick to my own rules and take the day off.

It has been a satisfying week: I won't spoil tomorrow's Weekly update by saying any more except to give you this lovely photo of the display of Beautiful Bracelets at Firehouse Gifts, Dunkeld West Shopping Centre Hyde Park/Dunkeld: