The water experiment was a success, but I got lots of emails saying that $5 in profit per hour was not worth it….some points to consider:
- I made that money in 30 min, not 1 hour.
- I overpaid Barry.
- I only had 24 bottles. Lesson learned: Next time bring several cases.
- I can get someone else to do this for me.
And the MAIN POINT: I can turn almost no money into a much larger amount now that I have learned the above lessons. That was the point of this experiment.
This could easily be a $40 an hour activity for a kid looking to score some quick cash.
Some said I was still being paid for my time much like a job. This is true. BUT….I have made an agreement with Barry to set him up with 5 cases of chilled water and a large cooler with ice. He will sell them all day from 11am till 5pm and we will split the profit.
If he simply runs away with my investment I stand to lose approx. $33:
If all goes well, I can possibly make approx. $48.50:
If Barry does all the selling, all I have to do is drive over the cooler, water and ice to his corner. Not a bad deal.