(CHALLENGE) Turn These 5 Items Into a $ Making Product

15 replies
I was at the dollar store a few days ago, buying my son some arts and crafts stuff and I found and bought the following 5 items:
(see pic below)

* One black framed 8 x 10 mirror

* One roll of black electrical tape

* One sheet of black card stock paper

* One package of red 1/2" alphabet/number stickers

* One package of silver 1/2" alphabet/number stickers

I bought these 5 item with an idea in my head of what I was going to do with then and how to turn them into a product that I could make money with and I will share that here soon, but I thought I would challenge everyone here to see what creative ideas you guys could come up with to turn these 5 items into a money making product, so please post your ideas here.

Please feel free to add items if you need, but please try to only add items that could be found at most dollar
stores.

Thanks,

Martin
#challenge #items #making #product #turn
  • Profile picture of the author MartinBuckley
    Well there have been over 40 people who have viewed my post and no one has suggested an idea or even made a comment, so I figured I would just go ahead and share here a picture mock-up of what I did with the 5 dollar store items:




    In a nutshell my plan is to get 5 busy barbershops willing to hang these business card ad mirrors on thier wall personalized with thier babershops name in exchange for $20 per month and I will be selling each business card ad spot for $100 per month, so that's $400 a month, minus $100 per month to the barbershops, which leaves a profit of $300 a month.

    Now, this idea can be scaled up to 10, 15, or 20 barbershops, which will increase your profits to $600, $900 or $1,200 per month.

    I just wanted to share and show that if your a little creative and take action, that using simple items from a dollar store can be turned into a way to make money.

    Let me know what you think of this idea?

    To your success,

    Martin
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  • Profile picture of the author RedShifted
    I think its funny that you are macgyvering dollar store items into marketing tools I just want to know if a pizza place will pay $100 to have their ad in 5 barber shops when if they just go to a supermarket they can get permission to put it in a much more populated area for free. I'd say pick better locations than barber shops personally. You would have to get those mirrors right in front of the customers faces, and something tells me barber shop owners would not want to do that.

    I could be wrong, I honestly don't know. I could just be looking for ways to justify my own laziness, but I'd rather find a location that is percieved to have more value to the pizza shops.

    I honestly think, you could just go to pizza shops, tell them you'll putting their business cards in 5 local high traffic areas, like supermarkets, hospital, hotels, etc then charge them $300 a month to maintain them, take pictures and send them to the owners.

    I'd do this for like 10 pizza shops, and just go crazy putting their business cards everywhere. Churches, senior homes, anywhere I could find in the local area. Write up a specific plan, make it irressistable, then negotiate a fair deal. Could probably make a killing doing something like this.

    I think I might try - Red
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  • Profile picture of the author Aussieguy
    @RedShifted: Personally I think ads in a public toilet are going beyond a joke - but it happens!

    Honestly, whilst this is maybe something that wouldn't float my boat - it probably would have when I was younger and in a different situation in life.
    I'll make a couple comments (directed at RedShifted's post).....

    (a) For sure, come up with other / better ideas than a barber shop. What do you suggest?

    (b) I tell you what. Those ads would get more eye traffic in a month than many a wanna-be directory type site.

    (c) Many a newbie offliner looking to make their first 'extra' hundred a week (there's a lot of posts like that) could probably hit it faster doing something like this than many other schemes I've seen mentioned. 1 barber / 4 ads and you're virtually there.

    The only thing I'd encourage someone to do: offer a better quality of mirror. I'd be offering something from a barber supplier or nothing at all. Might cost you your first months revenue. So what?

    Go find 5 popular barbers in different areas and sell 4 ads per piece. @900 for a year advert (equivalent 75 per month) and $100 per month to the barbers....you've now hit $1,000 a month. 5 barbers should not be a hard sell. The effort (a week or 2 of holidays?) to get those 20 adverts happening could be well worth it to a student in need of cashflow!
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  • Profile picture of the author RedShifted
    Other than a barber shop?

    Hospitals: lobbies
    waiting rooms
    cafeterias
    lounges
    Grocery Stores
    Laundromats
    Dentist offices
    Doctor offices
    Convenience Stores
    Gas Stations
    Libraries
    Hotel Lobbies
    Bank Lobbies
    Churches
    Malls
    College bulletins

    There are probably a lot more. I may build a quick wordpress site and just write up an order list. You could estimate the traffic in a day at each location by just counting how many people walk by in 10 mins. Then get a calculator and do the math.

    You could probably go crazy with something like this, if you set everything up locally, and had a strategy where you hit places all within a 2 mile radius, it probably wouldnt be hard. You could even charge extra to design the ads for them.

    This would virtually be the same as running your own offline marketing biz. And honestly, what college student wouldn't love this if you outsourced it? Pay them $12 and hour and have them do nothing but drive around and ask permission to drop cards/flyers off at various locations. They could probably get a whole hell of a lot out in an 8 hour day.

    Just keep outsourcing ad design, outsourcing delivery boys, and profiting.

    -Red
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  • Profile picture of the author Aussieguy
    Cool RedShifted.
    I think the point of the barbers though was the captive audience. Yours becomes a more broad format of general promotional areas. Nothing wrong with that, just pointing it out.

    There's been heaps of these over the years, even in the small places I've lived. pinboards, electronic stands...all sorts.
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  • Profile picture of the author xlfutur1
    Keep us posted on how this works Martin!
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  • Profile picture of the author Aaron Doud
    The reason I love Martin's posts is time and time again he helps me think outside the box.

    For those of us with kids this is what we should be teaching them. How to make money from ideas.

    Once again a post of yours got me thinking. It inspired a few ideas for me to try later.
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    • Profile picture of the author RedShifted
      Originally Posted by Aaron Doud View Post

      The reason I love Martin's posts is time and time again he helps me think outside the box.

      For those of us with kids this is what we should be teaching them. How to make money from ideas.

      Once again a post of yours got me thinking. It inspired a few ideas for me to try later.
      Oh absolutely I won't deny that for a minute. I know his posts sometimes irritate certain people (certain people who seem to get irritated by EVERYTHING on this forum), but anytime I see one of his threads in the offline section its one of the first I feel I need to see.

      -Red
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  • Profile picture of the author Aditeo
    Hi nice twist , give it a try . it's worth it if you can find ppl to rent it try a few then scale it up .
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    • Profile picture of the author Vikuna2009+
      Well Martin, I was kind of stumped there since you said to use the dollar store items that you purchased and maybe a few more from the store. Nothing mentioned that you could add "free" items as well. Anyhow, as it goes, if it works, and I think it could, scale it up.

      However, maybe I am somewhat of a "snob", lol, black electrical tape to mount them? I don't think so. I'm going to "steal" part of your idea from posting photo copied biz cards that you pin up on local bulletin boards.

      So, take xxx biz cards, line them up nicely on a solid colored background, any color, take a COLOR copy at Kinko's, as many copies as you need for x amount of frames, frame the copy and there you go. No need to "duct tape" the cards and with a color copy, framed behind glass, looking way more professional.

      I would charge $1/day per location = $7/week
      30 days/month = $30
      4 locations = $120/month or pay NOW $100 (no thinking about it)

      If you have 4 cards per frame, that's $480 or pay NOW $400

      Basically, each advertiser is worth $100-$120 to you.

      Scale it any way you want, make $$$, Eva

      I wouldn't pay the barber at all. I would have biz cards printed for free for him and make it a coupon on the back, that he could give to his clients.
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      • Profile picture of the author MartinBuckley
        Eva,

        Thanks for sharing your thoughts and your twist on my ad mirror idea, I like it, but the only thing I see being the issue is not paying the barbershop and money to get them to hang the ad mirror on their wall, so what was your thinking of how to get them to do it, without paying them?

        Thanks,

        Martin

        Originally Posted by Vikuna2009+ View Post

        Well Martin, I was kind of stumped there since you said to use the dollar store items that you purchased and maybe a few more from the store. Nothing mentioned that you could add "free" items as well. Anyhow, as it goes, if it works, and I think it could, scale it up.

        However, maybe I am somewhat of a "snob", lol, black electrical tape to mount them? I don't think so. I'm going to "steal" part of your idea from posting photo copied biz cards that you pin up on local bulletin boards.

        So, take xxx biz cards, line them up nicely on a solid colored background, any color, take a COLOR copy at Kinko's, as many copies as you need for x amount of frames, frame the copy and there you go. No need to "duct tape" the cards and with a color copy, framed behind glass, looking way more professional.

        I would charge $1/day per location = $7/week
        30 days/month = $30
        4 locations = $120/month or pay NOW $100 (no thinking about it)

        If you have 4 cards per frame, that's $480 or pay NOW $400

        Basically, each advertiser is worth $100-$120 to you.

        Scale it any way you want, make $$$, Eva

        I wouldn't pay the barber at all. I would have biz cards printed for free for him and make it a coupon on the back, that he could give to his clients.
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  • Profile picture of the author Hobo82
    Martin, I like the way you think, thanks for sharing. Would love to try it mysefl but a bit gunshy approaching businesses off the street, However once in I can do well, its just getting in that is the problem. Have to work on that. Thanks again
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    • Profile picture of the author Vikuna2009+
      Martin,

      as I said, give them free business cards that you also make into a coupon, for them to give out themselves to their customers. If that is not enough, give him a spot on your bulletin board flyer, but, if you have 10 barbers, you prob do not have enough bulletin boards.

      Have to think a bit more about it but anything that has a perceived value but doesn't cost you anything, give that,

      Eva
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      • Profile picture of the author MartinBuckley
        Eva, sorry I had brain fart and over looked the free business card part of your post.

        I think it a good idea and at the cost I can get full color business cards printed at gotprint.com for, it will save me alot of money over having to pay each barbershop.

        Thanks,

        Martin

        Originally Posted by Vikuna2009+ View Post

        Martin,

        as I said, give them free business cards that you also make into a coupon, for them to give out themselves to their customers. If that is not enough, give him a spot on your bulletin board flyer, but, if you have 10 barbers, you prob do not have enough bulletin boards.

        Have to think a bit more about it but anything that has a perceived value but doesn't cost you anything, give that,

        Eva
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