The Enterprise students were asked by Bill Bethell to take £5 and turn it into £40 to pay for their forthcoming trip to Poplar Park Equestrian Centre, below is how they raised the money.
For this challenge I did a car boot sale. The location of this was Portman Road, and the duration of the car boot sale was around 5 hours and the cost of the pitch was £5. I was able to raise £42.30 after the pitch cost was taken out.
For the £5 to £40 challenge I painted people's nails at Suffolk One on Friday and Monday. I spent my £5 on new nail varnish for the challenge. In total I made over £60 from the two days, charging £5 - £10, depending on what each person wanted on their nails.
I went to a car boot sale where I picked up some items of choice I thought could be resold at a higher price. I then went on to resell items to friends and on Ebay, this continued until I sold all of the items making all together £46.70.
I did a car boot sale at Portman Road. This involved turning my old and unwanted assets such as clothes and toys from when I was younger into capital to invest into my trip. My sales revenue was £69 but after taking away the cost of the pitch and a bacon roll I made a £62.50 profit.
I sold various products on ebay. This was done from my own home. Overall I spent £5.49 on 5 different products (Genuine Ted Baker coat, Genuine leather Russell and Bromley handbag, a top, one direction mug, child’s battery keyboard and a small speaker which was my own which I wanted to get rid of). In the end I made £38.74.
In my £5 to £40 challenge I washed my families cars, I charged £8 per car and washed 5 cars which made me £40, I had to buy a sponge and a bucket which cost £2.
My challenge was to turn £5 into £40. To do this is decided to buy supplements from my dad’s company that didn’t sell well or were nearing their best before date. I would buy these off him at cost price and offer him a cut of 25% of the profit. I sold these at a cheaper rate than their original retail price. I sold these items to friends at the gym. It only took me 6 days to reach the £40 target. Overall I made £72.
For my £5 to £40 task I decided to cut my family's grass to earn the £40. I went to the shop and bought some gardening gloves and some mini sheers and borrowed my lawn mower to cut the grass. I charged £20 per house, so only had to do two gardens.
For my £5-£40 pound challenge I invested in 6 plain white t-shirts and a mixed array of coloured dyes, I then made several tie dye t-shirts and sold them to friends and family. I made the target profit after 6 sales and sold my shirts for £9.99 and spent £1.88 making them.
Luke Kingham Jones
My 5-40 challenge was simply cleaning cars. I bought the cleaning products for around £3 and charged £8 per car. I was cleaning my families cars which meant that they were happy for me take quite a bit of time to do a proper job. I clean 6 cars and needed to spend £9 on cleaning products giving me a £39 profit.
For my £5-£40 challenge I sold three things on Ebay. I paid £4.50 for a Sky+HD box, then sold it for a grand sum of £16.99. This is a profit of £12.49. Then I paid £3 for a box of 'old' DVD's, and I got £23 after selling each one individually. After selling and spending a bit, this left me with £32.99 profit. After this, I spent another £10 on the whole box set of '24', and sold it for a grand sum of £32.80. This left me with a profit of £60.79.
For my £5-£40 challenge I dug up weeds in front and back gardens, I charged £20 for both front and back gardens so I ended up providing two customers for my services. I also brought weed killer and used my step dad’s spade.
For my £5-£40 pound challenge I sold some fishing equipment on Gumtree. The fishing equipment was not worth the amount which it was sold, which was £45. I predicted that it was only worth around £10-£15. There was a series of nets and carrying equipment involved.