Last year, we shared this idea on how to invest $100 and make a $500 profit over the summer months, most specifically over the July 4th celebrations. It was a HUGE hit and success last year, so we thought we would update and post again as it is a great way for the whole family, or just the kids to earn a little extra money this summer!
Have you thought about selling some very basic items on the 4th of July at the parades, festivities, fireworks shows and more? Plus extend to selling at many other events in the community? In our area, we have another celebration similar to 4th of July on July 24th with more parades, fireworks and festivities. Plus the little city suburbs all have their own city celebrations, concerts in the park, movies in the park, and so much more going on in the community.
What is it that you could sell? Well this short list of very affordable, but yet a highly marked up items:
- Bottled Water
- Flav-R-Ice/Otter Pops popsicles
- Glow sticks, glow necklaces, glow bracelets, glow rings
- Mini-fans/fan spray bottles
You can sell just one item and do well, or add even more items – this is just a good basic popular list!
So here’s some ideas on where to get these items and some ideas on mark-up price, based on our experience of what sells well and at what prices.
1. Bottled Water
Water is one of the easiest and most universal products to sell. Plus it can be for all occasions and seasons. It is one of the safest money making investments you can make. The best place to get name-brand bottled water is at Sam’s Club or Costco especially when buying in bulk. You can pick them up for .23-.25 each bottle. Right now is even better at Sam’s club as a quick “bottled water” search brought up these pop top lid Arrowhead waters that are only .14 each bottle after the additional $1.50 off!
So here’s the pricing suggestions from us: At the start of the day and the dead heat, you can easily sell these for $1 a bottle (tax included). As the day/evening goes on, you can drop the price to .75 each bottle or even .50 if they buy multiples and only if you have a lot left over that you need to push. You can also considering $1 a bottle or 6 bottles for $5. More than $1 a bottle will still probably sell, but you won’t be the most popular seller on the block as someone will probably undercut you. So consider a more reasonable price and sell more. At $1 a bottle, you have a 400% + markup! Water is the easiest and most popular item to sell with one of the largest margins of profit. In addition, if you do not sell out, they are a very practical item to use at home!
2. Otter Pops or Flav-R-Ice pops
These little things are so, so, so popular in the summer months at events because you can sell them cheap, get a good profit and your customer gets a little relief and satisfaction from the heat!
The best place to get these in bulk is at Walmart (there might be some dollar stores or local grocery stores in your area priced slightly lower). At Walmart, you can get a box of 100 ice pops for $3.77 = .037 each popsicle. You can buy these in-store at Walmart as they are not available online to order. The biggest challenge is to keep these frozen. Coolers and ice will work well for a time, but they do melt relatively quickly, so you will want to sell and push fast! Another idea to consider is using Dry Ice as that will last longer and keep the popsicles cooler, however you do have to be more careful with the handling as it can “burn” your fingers. With that, our pricing recommendation would be some of these options. 3 for $1, .25 each, or even 5 for $1. At the 3 for $1 price, this is nearly a 1,000% markup! But at .25 each or 5 for $1, you are still looking at an incredible 500-600% markup.
3. Glow sticks, bracelets, necklaces and rings
Third, if you are considering also selling the glow sticks, bracelets, necklaces and rings – we researched and found that Amazon is one of the best deals out there (even cheaper than Oriental Trading by quite a bit at the time of this post). We also find a lot of these products at the dollar store, which is a good place to go to snag some up last minute when you need more inventory, but you will get a bigger profit with buying from Amazon in bulk!
Here’s the items you could consider selling, the cost to you, and a recommend sales cost.
100 Assorted Colors of Glow Bracelets for $9.61 shipped FREE
with Prime or $25 or more order.
These will cost you less than .10 each. We recommend selling them for $1 each = 900% markup!
These will cost you .36 each. We recommend selling them for $1-2 each = over a 300-600% markup!
12 Assorted Colors of Flashing LED Light Rings $5.75 shipped FREE
with Prime or $25 or more order.
These will cost you .48 each. We recommend selling them for $1-$2 each = up to a 300% markup!
100 Assorted Colors of glowing accessories from bracelets, necklaces,
glasses, earrings for $21.99 shipped FREE
with Prime or $25 or more order.
These will cost you an average of .22 each item and you can probably sell each one for $1-3 depending on what they were = equals as much as an 800% markup!
4. Personal fans/spray bottle combos
Finally, the fourth recommendation we would make is going to cost a little more and may be a little risky when compared to the items above, but considering either paper fans or the personal fans/spray bottle combos.
Here’s what we have found, Oriental Trading seems to be the best place for this purchase (not sure what shipping would be).
They have many disposable fans for around $3.50 per dozen (like the pictured Patriotic Fans) and they will cost you .29 each. You could probably sell them for $1 each = over 300% markup.
You can use coupon code: WCSTRM01 on the Oriental Trading site
to get free shipping on orders of $49 or more.
Finally, Dollar Tree in-store and online are great places to pick up items that you can turn around and sell for $2,$3 and even $4. They have these personal fans for $1 each and many more similar summer and holiday items! We suggest browsing the Dollar Tree site or in-store and stocking up on resell items for your summer sales adventure!
So there’s our top five suggestions, but depending on how much money you want to invest, you can literally add more patriotic jewelery/accessories, candy and so much more! However, one thing we have learned, if there are too many options, people don’t seem to be as interested! Consider keeping it simple, especially with the first three options we have listed (water, popsicles and glowing accessories!). The markups are great on all of them and the investment is not much nor is it very risky!
So here’s the reality check if you invested $100!
If you only invested $100, here’s how it could look!
- 8 cases of water 2 @ $3.18 with $1.50 coupon and 6 @ 4.68 each = $25.08 and 192 bottles of water
- 5 boxes of Otter Pops at $3.77 each = $18.85 and 500 popsicles
- 2 packs of 100 bracelets at $9.61 each = $19.22 and 200 bracelets
- 2 packs of 50 glowing necklaces for $17.98 each = $35.96 and 100 Necklaces
Total of $99.11 invested
If you sold them all:
- 192 water at $1 each = $192.00
- 500 popsicles at .25 each = $125.00
- 200 Bracelets at $1 each = $200.00
- 100 Necklaces at $2 each = $200.00
Total made = $717.00 or over a $600 profit (you will probably spend $25 – $50 in incidentals)
What a fabulous way for the family to make money together, or even a fun money-making project for your older kids!
What you’re most likely looking to do is to walk around and sell. You’re not looking for a booth as the cost of the booth at a park event would be quite a bit more and dip into your profits quite a bit! You could always look into this, but it requires a much higher investment and is more risky as to making a profit – especially to start, but if it works, then you can make quite a bit more money too!
So there is one final thing to consider……
This next statement is going to vary GREATLY in each city and state. But before you sell anything publicly, you need to check with the city offices to see if you need permission, a selling license (which the cost of this will need to be considered), or if they quite frankly just don’t care if you sell! Either way, you want to make sure you are “legal.” This again is going to vary greatly. If your city ordinances have ridiculous hoops to sell or just cost too much during a parade or event or in a park, then consider checking the ordinances of the next town over too. You don’t have to exclusively sell in your city you know
Finally, the reasons why we love to share money making opportunities and ideas is because we love to share ideas on how to earn extra income and have used our Over 100 Ways to Earn Extra Income list to help generate ideas on how you and your family and make a little extra and some of those ideas can possibly turn into a full-time business. Our personal journey has been such an example!
We started finding extra income to help us increase our income by 2% each month (as part of our 2 By 2 Plan we used to pay off our $100K of consumer debt). After a few years of doing miscellaneous jobs and income producing activities, some of them turned into a regular income with the handful of businesses that we run from home. There are also seasons and income producing activities that are short-lived or temporary, but they will play a big factor in the big picture in bringing in that extra income!
We hope to see this work for many of you again this year!
Photo Credit: KSL