Money making schemes

Grampa Don

Yep, that's me
Many years ago I worked with a guy who every year would buy sacks of freshly minted pennies as an investment. He said that after a few years, coin collectors would pay several times more for them. Another fellow was raising chinchillas in his garage. I never learned how either of these worked out for them. It might be hard to sell chinchilla pelts now.
 

I worked with a couple who did not believe in saving for retirement but had a room full of the hot wheels/ matchbox cars as they have been collected but i never saw huge profits in them ....... was hard not to shake my head when they had a fire and lost their investment ........that insurance saw as a bunch of kids toys not an investment to last a lifetime.
 
When I was working for Metro Toronto Ambulance I had a side line business, Captain Jim's Atlantic Lobsters. I would buy live lobster over the phone from 2 commercial sea food companies in Nova Scotia. I would call first thing on Friday morning, get my price per pound for pound and a half size lobsters. I would then call my regular customers ( hotels, catering companies ) give them their price ( three times what I was paying for them ) and book their orders. Then back on the phone to Nova Scotia, place my order. Go to the National Bank in Toronto, deposit the cash to cover the purchase, they would call long distance to Nova Scotia, and notify the company that their money was in their bank account. An hour later, the seafood company would call me, with the fight number and waybill number for Air Canada cargo, for my shipment. Around 3pm the lobsters would arrive at Toronto airport, in the cargo building. I would pay the air flight cost, and pick up the load with my truck, then start delivering to my customers. By 6pm, the deliveries would be finished.

A typical Friday would be from 1500 to 2000 pounds of live lobsters, which I paid around $5 for each one. My customers were paying me $15 per lobster. Less the air shipping, I was making around $28,000 a week. The job with Metro Ambulance saw me work 12 hour shifts, and in the 6 week schedule I only worked 20 days, out of 42. Once every 6 weeks I had seven straight days off. Not vacation days, but rest days, to balance the week before where I had worked 6 days out of 7. I ran that business for 5 years, then I sold it to 2 Toronto Fire Department guys, along with my customer lists, and Nova Scotia contacts. The profits from that business went in to my retirement fund.

A number of years later ( after I left Toronto Ambulance ) I was working as a Private Investigator. My boss was a ex Peel Regional Police detective, who got shot up pretty bad in a bungled bank robbery. He had to take early retirement due to medical problems. He and I were the only employees. We got a file to find and serve a crook contractor, who had taken a $250,000 deposit to build a building, but spent the money instead. In the process of finding him, I learned that he had 3 work vans, and 2 luxury cars leased from a large GM dealership in north Toronto. I went to see the leasing manager, to find out more about the guy. The leasing manger also wanted him found, so I made a deal, that if I found him, I would immediately inform the leasing company. Three days later, I tracked the subject down, to a house that was only 4 blocks from the dealership. The next morning at 6 AM, 5 tow trucks were lined up down the street, when I knocked on the door. He came out and I served him with the court papers, and signaled the tow trucks to come in and start hooking up the vans and the cars.

The leasing company was very pleased, in fact they wrote me cheque for $1,500 in gratitude. My boss and I pitched them and we got the exclusive contract to do all their tracing and vehicle recoveries from then on. We did that for 8 years. We were busy all the time ( this was in the economic slump in the late 80's.) My boss died from medical complications, and his wife sold the company to a rival PI company. I left the business . JimB.
 
My sister in law sold Avon and every Christmas I would get a bottle of aftershave shaped like a car or something. Another guy I knew was selling Acai berry supplements for a while and then some special dog biscuits. I think some of these were pyramid schemes. If you signed up other sellers, you would get a cut of their profits.
 
My sister in law sold Avon and every Christmas I would get a bottle of aftershave shaped like a car or something. Another guy I knew was selling Acai berry supplements for a while and then some special dog biscuits. I think some of these were pyramid schemes. If you signed up other sellers, you would get a cut of their profits.
I have a box of unopened Avon bottles from my MIL who was convinced they'd be worth a lot of money.
Maybe if they get handed down a few more generations.
My son and son in law did each take one off my hands. Some of them are pretty cool.
 
Many years ago I worked with a guy who every year would buy sacks of freshly minted pennies as an investment. He said that after a few years, coin collectors would pay several times more for them. Another fellow was raising chinchillas in his garage. I never learned how either of these worked out for them. It might be hard to sell chinchilla pelts now.
You can't believe how many pennies I have, and not for the same reason but because my Dad worked for the Philadelphia Mint and I think of him making pennies and I treasure Them for that reason.
 
Collectors have been fading for years. Stamps, coins, matchbox cars, Avon bottles, you name it, someone was collecting it. Even when I was a kid, I collected baseball cards. a couple paid off, but most of them are worthless. In my area, we had oodles of antique shops. Most now are gone. No one wants old stuff, like Early American furniture, mirrors, etc.

I arrested quite a few people trying to sell worthless junk and fraudulent stocks and annuities that didn't exist. I arrested one man running a junkyard that charged people to turn back their odometer on their vehicle before they traded it. Another junkyard dealer that crushed stripped cars. I also arrested junkyard dealers for selling stolen parts. I had a man that stole gold plated electronic terminals from his workplace, took the strips to a refiner to have the gold recovered off the strips. I had 3 arrests on that case. Lots and lots of fraud out there everyday. You have to work at some of these cases by running a sting-type operation to make sure you collect enough evidence.
 
Ebay seems to be one way to earn some extra cash. I always check it out when I shop. I needed a power switch for my old Craftsman table saw and some guy in Kentucky had one for a few dollars.

Some people make a business out of garage sales. That could be irritating if you lived next door. Here in California if you have more than two a year you need a seller's license.
 
The guy who lives in our basement apartment has a sideline business. He buys and sells old records, all over the world from his website. He gets parcels from all over the world , delivered to him each week. He has about 7,000 albums in a local storage facility that he maintains. A rare jazz recording from 1941 recently sold for about $ 700.00 USD on his auction website, that he paid under $ 50 for. JimB.
 
When I was in my teens, I sold Avon for a while. My son and I got into multi level marketing (MLM) back in the 1990s. I tried a few things, mostly involving sales, which I'm not good at, so never made any real money. One was an Amway scheme but they called themselves something else, forgot the name now. I did not have the heart to try sell people products at a much higher price than they could find in the stores. I also sold PrePaidLegal (now Legal Shield), as did my son. We stopped selling but still get residual income (me hardly anything because I didn't sell to that many people). We are both still members. Then I sold beautiful, wonderful smelling hand made soaps and body oil sprays from a small Black owned business in Chicago. I built up a customer base but hated vending at events (the cost and time didn't pay off) and eventually just got tired of doing it.

My son and my DIL got into selling health products and another MLM under the direction of one of our cousins. She and her husband lived in Atlanta at the time. Her goal for my son & DIL was for them to make at least $100,000 a year. That didn't pan out because MLM is a hustle and my son was working as a long haul trucker at the time. My DIL worked full time too. Plus I think the area one lives in makes a difference. During the first 7 months of our cousin's foray into her MLM business, she and her husband made $750,000 and were featured in the company's publication. By the time 18 months came around, she and her husband were millionaires. But they did this full time and traveled the country giving motivational talks and recruiting. I wouldn't have done this but she posted pictures on Facebook with their big fat checks. Perhaps that was another recruiting strategy for her.
 
After my husband died, I didn't go back to work for several months. I was only an independent contractor working on a project that I had finished two days before he died, so it wasn't like I was leaving work undone.

During that time, I found I could make a good living "doing things" for people. Through a wealthy relative, I made contacts with people who could afford to have other people "do things" for them. They'd pay whatever it took to get those things done.

I stopped by houses and petted cats three times a day. I picked up dogs from the groomers. Once, I cleaned out a closet for someone, hauled everything to Goodwill, and made $100 for about three hours of work. I waited around at people's houses for the plumber to show up. I picked up kids from school. Paid in cash.

I probably would have kept that up but my old boss called me up and threatened to come over and drag my a$$ back to work and made me an offer I couldn't refuse, so back to work I went.
 


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