{"id":158,"date":"2015-09-01T13:58:01","date_gmt":"2015-09-01T13:58:01","guid":{"rendered":"http:\/\/blog.sibo.co.za\/?p=158"},"modified":"2015-09-01T13:59:24","modified_gmt":"2015-09-01T13:59:24","slug":"making-money","status":"publish","type":"post","link":"https:\/\/blog.sibo.co.za\/index.php\/2015\/09\/01\/making-money\/","title":{"rendered":"Making money."},"content":{"rendered":"

\"Sibo<\/a><\/p>\n

Last week we had entrepreneurs\u2019 day at school.\u00a0 I enjoyed it much more than I did the year before \u2013 probably because this time I actually made money!<\/p>\n

Last year I didn\u2019t give much thought to what I sold. I had lots of beans growing in the garden and so decided to sell fresh beans at school.<\/p>\n

Silly me \u2013 I just didn\u2019t think that kids don\u2019t particularly like eating beans. And they definitely would not spend money buying them. So I landed up giving all my beans to the teachers instead.<\/p>\n

Dad said I was a bit of a nutter \u2013 I should have offered them at a discount, rather than giving them away.<\/p>\n

Oh well! Live and learn.<\/p>\n

But learn I did. There has to be a market for what you are selling, otherwise you are wasting your time (and money).<\/p>\n

This year I sat and thought long and hard about what to sell that would make money.<\/p>\n

Mum suggested making cupcakes. That\u2019s always a good idea because they sell, but the problem is – lots of other kids do the same thing because it is easy.<\/p>\n

The same goes for popcorn and chips – junk food always sells well.<\/p>\n

Dad offered to take me to Macro to see what was available and how much everything cost.<\/p>\n

We trawled through the sweetie aisle. There was so much stuff it was unbelievable. I wandered up and down taking notes.<\/p>\n

I only had R100 to spend. I also had to give R10 of that to the school to have a stall \u2013 which meant I really only had R90 to spend. I needed to buy something that everybody would want that I could make money on.<\/p>\n

In the end I bought 3 bags of different flavoured Fizzers for a total price of R77.85. There were 24 Fizzers in each bag and one bag cost R25.95. This meant that one Fizzer cost R1.08c.<\/p>\n

Fizzers take long to eat and are value for money.<\/p>\n

I sold them for R2 each.<\/p>\n

After paying R10 for my table, I had R12.15 left over.\u00a0 I asked Dad to give me R1\u2019s and R2\u2019s for this money so that I had a float in case I needed to give somebody change.<\/p>\n

I sold all my Fizzers in the first hour and made a total of R144.00. That was R66.15 profit (excluding the R10.00 I paid for the table).<\/p>\n

Smart thinking hey!<\/p>\n

Sibo<\/p>\n

 <\/p>\n

Word of the week:<\/em> Profit<\/p>\n

Meaning:<\/em> a financial gain, especially the difference between the amount earned and the amount spent in buying or producing something.<\/p>\n

Example<\/em>: I made a profit of R66.15 at Entrepreneurs\u2019 Day \u2013 which I am saving so that next time I will have more money to spend to make money.<\/p>\n","protected":false},"excerpt":{"rendered":"

Last week we had entrepreneurs\u2019 day at school.\u00a0 I enjoyed it much more than I did the year before \u2013 probably because this time I actually made money! Last year I didn\u2019t give much thought to what I sold. I had lots of beans growing in the garden and so decided to sell fresh beans … Continue reading “Making money.”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[34,10,30],"tags":[],"_links":{"self":[{"href":"https:\/\/blog.sibo.co.za\/index.php\/wp-json\/wp\/v2\/posts\/158"}],"collection":[{"href":"https:\/\/blog.sibo.co.za\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.sibo.co.za\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.sibo.co.za\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.sibo.co.za\/index.php\/wp-json\/wp\/v2\/comments?post=158"}],"version-history":[{"count":1,"href":"https:\/\/blog.sibo.co.za\/index.php\/wp-json\/wp\/v2\/posts\/158\/revisions"}],"predecessor-version":[{"id":159,"href":"https:\/\/blog.sibo.co.za\/index.php\/wp-json\/wp\/v2\/posts\/158\/revisions\/159"}],"wp:attachment":[{"href":"https:\/\/blog.sibo.co.za\/index.php\/wp-json\/wp\/v2\/media?parent=158"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.sibo.co.za\/index.php\/wp-json\/wp\/v2\/categories?post=158"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.sibo.co.za\/index.php\/wp-json\/wp\/v2\/tags?post=158"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}