One of the best ways when starting out with little money and little skills is to be able to buy something for R1 and sell it for R2 (100% markup / 50% profit margin). At least doubling your money has been the foundation of many businesses but it is important to get the right product to sell, something that does not have a lot of competition, something that people will buy in large quantities and something that people will reorder. I have one of those products here today and I will try to find more in future.
Dust masks are masks worn over the mouth and nose to protect against dusts encountered during construction (fiberglass, cement), sanding (sawdust) or cleaning activities (mold, pollen, dander). They are used in construction, woodworking and cleaning. In some industries it will be compulsory to protect the health of workers.
The majority of large retailers such as Builders Warehouse sell dust masks in small quantities of 5 or 6 and cost R40 to R60 per pack. This works out to a cost of R8 to R10 per mask. But dust masks can be bought in bulk from medical suppliers in boxes of 50 with the cost per mask being closer to R1 per unit.
So if you are paying R50 per box of 50 (R1 each), you can easily sell it for R100 per box (R2 each). So here you have a useful product that is not widely sold, that you can double your money on, sell in large quantities and have return customers as it is a disposable product.
Where to sell
The best places to sell dust masks are furniture makers and construction sites. How much you make will depend on how much effort you put in.
Selling food hygiene products is another way to double your money on your initial outlay.
Image credit: PaintTalk.com
A buying and selling business is one of the easiest businesses to get into; it requires little skill (besides basic mathematics) and can be started with very little capital. There are two underlying components to a successful buying and selling business: 1.