Progress Report Step 18

Step 18 – (£640 to £1280)

Starting with £681.04 I have to now get to £1280 – but because I have already done a few things and got to where I am this isn’t as scary as I thought. None of the ideas I have had so far are going to get me to the end step by themselves but by combining a few and taking heed of the lessons I have learnt so far this is becoming quite fun.

Progress

Continuing with selling things that stand me in at nothing I was given a small garden trailer that was going to be thrown away  – profit £181

small garden trailer

small garden trailer

Thinking about this trailer taught me another valuable lesson – PASS IT ON ….
I don’t mean pass on the lesson because that is the lesson ! – If you don’t need something anymore either get rid of it (sell it / give it away) or pass it on to someone that will be able to reap the benefits from it – I’m sure that by doing this you will reap rewards in other ways – the first thing that springs to mind is that it will help you declutter in your life – this trailer was just sat in someones garden taking up space – no one was getting any benefit from it – but by asking me to get rid of it – they gained a bit of space in their garden and didn’t have to look at it any more – I gained £180 for going to the trouble of selling it – the people that bought it gained a great little trailer for clearing up their paddock – A win – win – win …….

Anyway I digress –

My exact position so far is £986.28 – that’s £335.51 in my paypal account; £20.77 in cash and the rest has been invested in some more wood for wine racks and a couple of pieces of an engine from an Rolls-Royce Olympus gas turbine marine engine – & I don’t mean a small one – these engines are the proper thing – 4 of them powered the HMS Ark Royal Aircraft carrier – but unfortunately I cant prove that this engine came from that particular ship – because Rolls Royce scratched off the serial numbers(!) otherwise they would be worth a tad more !

Gas Turbine Engine

Gas Turbine Engine

Marine engine parts

Marine engine parts

 

The idea is to have these polished and turn them into beautiful coffee tables. Unfortunately getting them polished is going to be a little bit more than I anticipated so in the mean time I will continue to make the wine racks and sell other items until I have enough money ………..

 

 

Gas Turbine Engine Cowling

Gas Turbine Engine Cowling

Working on the principle that I cannot put anything extra into the process I have had to be a bit of a ‘wheeler dealer’ in order to raise the money required to get these engine parts to fruition. That along with the fact that my ‘normal job’ has kept me busy over the summer months has meant that I have neglected to update the site for a while but I will outline some of the things that I have done and some of the lessons learnt along the way:-

Remember – adding value; that certainly seems to be the key – along with another old saying ‘Where there’s muck there’s brass’ 

I say that because this summer I employed someone to strip old wires out of an old office block that I was working in (I wont bore you with the detail but suffice to say that H&S rules meant I wasn’t allowed to work alone on site so I had to take someone on for a couple of days without actually having anything for them to do!) The site manager said we could strip out the old wires – the end result being that after sharing the money raised with the guy that did the work I was up £182.28 – not bad for doing nothing!

I also helped a close friend of mine with a big clear out and asked if I could dispose of a variety of items that they were going to throw out – They agreed and I offered them half of all the proceeds – another win win situation as they were going to throw it out so anything was better than nothing for them – & it was free stock for me to sell :-
Result (this is ongoing so will increase over time) to date + £139.97

With this money I have been able to carry out some works on the engine parts as well as buy more wood to turn into wine racks. Once again I had the holes drilled in the wood by a professional (Thanks Lee) – because it is so much quicker and they do a much better job than I could hope to achieve – I also managed to get the holes drilled at somebody else’s expense ! I received a commission for 3 racks that gave me another £290 + 5 wine racks for me to sell after I had paid for the holes to be drilled. 🙂

Lesson: Employ experienced people to do work for you. Yes they will charge you for their time but the will (generally!) do a job quicker and better and leave you free to get on with something else!

Current state of play:

Cash in hand – £0.77
Paypal Account – £335.51
Bank Account – £120.25

Assets

A box of old postcards!
5 x oak wine racks with a trade value of £607.5
4 x tennis racket mirrors (£58 each) £232
1 x complete engine part table (nose cone) with glass available at £695 trade or £1195 retail
4 x other sections of engine in various states
1 x gyroscope unit awaiting base

So as you can see once these items have been sold I will have completed Step 18 and be well on the way to completing Step 19 as well. Please check back for photos ……

7 December 2014

This phase of the challenge is taking me a little longer to finish than I anticipated – although if truth be known I have actually already achieved it in the value of the items I have but until they are sold and I have the money in my bank or cash in my hand then the step isn’t complete… Also since I have to keep investing in the next idea to increase its value then it doesn’t seem as though I’m getting anywhere.
But – here are some photos of items that I’m working on:

I have also made a number of different sized wine racks and as of 8 Dec 2014 have sold all but 2 🙂 I’ve also included a photo of drilling the holes – not an easy task and as you can see it needs the ‘proper tools’ to do the job right!

Whilst doing the above I have also had a few other little items that I have been making – or more accurately ‘having made for me’ and also been selling items on ebay for other people on commission…… some of these include :-

So the current state of play after selling one of the tennis racket mirrors, all but 2 of the wine racks a few items on ebay but having bought the glass for the other tables I now have

cash £0.77
paypal account £375.51
bank account £370.25  along with the following assets:-

1 x gyroscopic radar unit
2 x oak wine racks
3 x tennis racket mirrors
1 x complete engine part bullet table (nose cone) with glass
4 x other sections of engine in various states

As soon as I sell one of the larger items above I’ll have finished this step and then I can concentrate on the next Step ….. I’ll keep you posted

 2015

It is now the 18th January and although i still haven’t sold any of the large items, I have sold another of the wine racks and an old wood burning stove that had been in the garage for over a year (and hadn’t cost me anything in the first place – it was being thrown away on a site that I was working on – its amazing what people are prepared to throw away to save themselves a bit of time and effort!) Anyway I digress – these items bought me in another £231 which has been spent on polishing a section of the engine casing that will end up as a mirror surround and polishing another of the engine items which are now awaiting bases. – I have to sell one of the larger items in order to pay for the bases.

Current state of play:

Cash in hand – £77.02
Paypal Account – £375.51
Bank Account – £0

Assets

A box of old postcards – which have now been entered into a local specialist auction in order to cash them in.
1 x oak wine rack
3 x tennis racket mirrors
1 x complete engine part table (nose cone) with glass
3 x engine sections (2 of them polished) all awaiting bases
1 x engine surround to be turned into a mirror – polished but awaiting glass
1 x gyroscope unit on a stand

In order to get these items sold as well as (all future items) i have decided to set up a website to be able to show the world whats available for sale – please take a look at http://southerncliffdesign.com

I’ll keep you posted…

13th February 2015 – A day to remember!

Gas Turbine Engine Casing Mirror

Gas Turbine Engine Casing Mirror

Today, after being stuck on step 18 for a while I have completed it – and as a result am really happy. Its given me a kick start and got me ‘enthused’ again …… I had got stuck and started to think that I wasn’t going to get anywhere with this idea (and so would be stuck with a large number of Rolls Royce engine parts in various states of readiness !) but by completing & selling the mirror (see photo), and then just offering it to some people I was able to sell it for £1150. This puts my current state of play at :-

Cash in hand – £77.02
Paypal Account – £107.51
Bank Account – £1,150.00 —- TOTAL – £1,334.53 – Step 18 Complete. + assets of :-

Assets

A box of old postcards – which have  been entered into a local specialist auction in order to cash them in.
3 x tennis racket mirrors
1 x complete engine part table (nose cone) with glass
3 x engine sections (2 of them polished)
1 x gyroscope unit on a stand

To see how I achieved steps 19 please click here