MyMoney Online, Business Books, Small Business Focus

How to turn R1000 into a thriving business

Entrepreneur Valerie Pole grabbed the public's imagination when she started 1000 Beautiful Bracelets from a R1000 she received from 702/CapeTalk presenter Bruce Whitfield in an entrepreneurship competition on The Money Show.

“I thought somebody has to show them how to do it and I was that someone. I knew how to start a business with hardly any money so this was a personal challenge I took upon myself.”

Sell it wherever and whenever

“When you’re in a business like this, you have to sell at the first opportunity you get. I sold the first bracelet at my doctor’s appointment and I made the best bracelet sale with my bank manager.

“I also sold bracelets to the audience via Twitter when I came into the competition that night,” says Pole.

For many people, making the first move can be fairly tough. But for Pole it was all about knowing the right places.

And so it begins…

“I found out about a local beading warehouse and I stocked up with different beads. Soon I had enough and started selling right away.

“I didn’t sleep the night I received that R1000. I was busy setting up my own website, a Twitter account (@1000bracelets) and a Facebook page. I used almost all the social media to promote my product,” explains Pole.

It took her one week to turn a profit.

“I could have stopped right there, but I thought I’ll continue this. I knew I had to keep going; I felt accountable,” she added.

1000 Beautiful Bracelets; an inspirational book

Pole managed to bring in a profit of R4850 which was donated to the Starfish Greathearts Foundation.

“I believe anything is possible. The thing I like most is that the book really inspires people who are feeling hopeless.

“The book has 77 low cost business start-up ideas. A few people have read it already and told me how encouraged they feel.”

Subscribe to our Business Wrap Newsletter

Subscribe to our Business Wrap Newsletter


This article first appeared on 702 : How to turn R1000 into a thriving business


Recommended

by NEWSROOM AI
Read More
Do you really earn peanuts? Use this handy salary comparison calculator

Do you really earn peanuts? Use this handy salary comparison calculator

Use this calculator to compare your salary to the world average and averages of 72 countries (including South Africa).

How to make the most of a financial windfall (tax refund, bonus, gift, etc.)

How to make the most of a financial windfall (tax refund, bonus, gift, etc.)

Make the most of an unexpected (or expected) windfall such as a bonus, inheritance or (we can dream, can’t we?) lottery jackpot.

Why you must own Naspers, the hottest tech-firm in Africa (or is that China?)

Why you must own Naspers, the hottest tech-firm in Africa (or is that China?)

Naspers is expensive, but geared for growth. Ashburton Investments’ Nick Crail on why you should just be brave and buy its shares.

Why medical aid is woefully inadequate (and how affordable gap cover helps)

Why medical aid is woefully inadequate (and how affordable gap cover helps)

It may come as a shock (but it’s all there in the small print); medical schemes do not fully cover you when you’re hospitalised.

Every day is Braai Day in South Africa: The story behind ChesaNYAMA’s success

Every day is Braai Day in South Africa: The story behind ChesaNYAMA’s success

Fast food franchise ChesaNYAMA is taking South Africa by storm by giving us what we want: braaied meat in less than 10 minutes.

How I became one of SA’s youngest multi-millionaire entrepreneurs

How I became one of SA’s youngest multi-millionaire entrepreneurs

Mike Eilertsen, CEO of VAULTLife and LiveOutLoud SA, on entrepreneurship and amassing R7-million debt by the age of 25.

How to turn a dilapidated inner-city crime hotspot into a hipster hangout

How to turn a dilapidated inner-city crime hotspot into a hipster hangout

Meet the man behind the Maboneng precinct in Joburg’s CBD and learn about his plans for creating a community of 20 000 residents.

No water? No problem! Young entrepreneur profits from crisis with invention

No water? No problem! Young entrepreneur profits from crisis with invention

Ludwick Marishane talks about entrepreneurship, his water saving invention and becoming SA’s youngest patent holder at 17.

Popular articles
Trevor Noah – 4th highest paid comedian on Earth – made R430 million in 2018

Trevor Noah – 4th highest paid comedian on Earth – made R430 million in 2018

Trevor Noah cracked Forbes magazine’s list of highest-paid stand-up comedians in the world.

Want to get rich? Got R100? You don’t need millions to start

Want to get rich? Got R100? You don’t need millions to start

Bruce Whitfield interviews Anthea Gardner, author of "Make Your Money Work for You: Think Big, Start Small".

SA’s richest woman opens up about being a refugee and becoming a billionaire

SA’s richest woman opens up about being a refugee and becoming a billionaire

Magda Wierzycka – Sygnia’s renegade CEO – on her attitude toward money (hopes and fears, successes and failures, etc.).

Mystery solved: Why smelly, blue sewage has been leaking into Cape Town forest

Mystery solved: Why smelly, blue sewage has been leaking into Cape Town forest

The reason for the leakage has been revealed, explains Table Mountain Aerial Cableway MD Wahida Parker.

The SA ballet star defying race and gender stereotypes

The SA ballet star defying race and gender stereotypes

Andile Ndlovu is a dancer with the Washington Ballet but is currently back in South Africa in Sleeping Beauty at the Artscape.

W Cape traffic chief: Stay close to other motorists on N2 to stay safe

W Cape traffic chief: Stay close to other motorists on N2 to stay safe

W Cape Traffic Chief Kenny Africa says private security working with the department is helping curb the stonings on the highway.

Were missing SA men victims of Vietnamese organ harvesting syndicate?

Were missing SA men victims of Vietnamese organ harvesting syndicate?

Gift of the Givers fears two South African men who went missing in Vietnam may have fallen prey to an organ harvesting syndicate.

[LISTEN] Ndlozi: Mazzotti donated R200 000 to EFF registration in 2014 election

[LISTEN] Ndlozi: Mazzotti donated R200 000 to EFF registration in 2014 election

EFF's Mbuyiseni Ndlozi says the party was not aware of Mazzotti's alleged links to the underworld when it accepted party funding.