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

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
3 hottest JSE stock picks of the week (by Cannon Asset Managers)

3 hottest JSE stock picks of the week (by Cannon Asset Managers)

These three shares are the best investments on the JSE right now, says Cannon Asset Managers Portfolio Manager Samantha Steyn.

No jobs for medical interns as health dept funds dry up - Sama

No jobs for medical interns as health dept funds dry up - Sama

Mark Sonderup, South Africa Medical Association, vice-chairperson says the medical profession is in trouble.

Wa Afrika given 24-hour security after exposing Eskom

Wa Afrika given 24-hour security after exposing Eskom

Times Media Group has provided 24-hour security to Wa Afrika after a confession from the man hired to kill him.

Why Sisulu and Dlamini-Zuma aren't suitable Presidential candidates: analyst

Why Sisulu and Dlamini-Zuma aren't suitable Presidential candidates: analyst

ANC branch in the Eastern Cape, Z.R Mahabana, has launched a campaign backing Lindiwe Sisuslu as an ANC presidential candidate.

Gigaba said he failed to assure Moody's about SA economic policy- senior journo

Gigaba said he failed to assure Moody's about SA economic policy- senior journo

The Finance Minister admitted that he faced difficult questions from investors during his visit to the US, says Simon Marks.

[Watch] All the Foreshore Freeway Project proposals

[Watch] All the Foreshore Freeway Project proposals

Take a look at the 6 six proposals that have been received by the City for the Foreshore freeway precinct.