Double To A Million - New Assets ect..

Double To A Million - New Assets ect..

So, what have I been up to ?
Well, this has been an exhausting week :) After reaching the $1280 mark, I decided I would have to make both larger investments and passive investments.

After checking up on Trademe for how my painting was doing, I noticed an ad for a vending machine.
I spent a day or so going around the forums and getting opinions on ROI and profit margin from these machines.
It seems that people have to pay between 0-40% to the business or place where they are placed.
Most seem to earn between 40-80% profit on the items sold.

So to me,I figure if you get a machine cheap enough, pay only a smaller percentageto the business owner and sell high profit margin items you may do a lot better than putting your stake in the bank.

I currently have $300 of my doubling stake in RaboPlus. On the first 20 odd days I earnt $1.31 in intrest which is pretty good ! I thought I might look into investing $300 into vending.

After having a very good look around, I used buy now for a mechanical machine which holds 20 lines for $100.
The guy, Andrew, called me the next night and offered me a couple more....
I ended up getting 3 machines plus spares for $216.30 !! There was $30 odd in one of the machines, so it brought the price down from $250.

So, I thought if I placed 2 machines and sold one, for $0 investment, I may get a turnover that turns out pretty well. I'll give it until the end of summer (Feb 2008) until reveiwing how they do. At that point I will either decide to keep them, or sell them as sited, profit earning machines.

I also sold my 20c NZ Pukaki painting so the total was $1300 ! Now it's back down to $1083.70.

My new set of canvas' are coming soon so the Aussie coins will be featured both on my Coin Art blog and at www.RachelHammond.net

I'll update again later....

Rachel.

Double To A Million - Update

It been a busy couple of days !

My "20 Cent NZ" painting sold for $51 and the buyer of the 2c decided he wanted 2 more !

After buying the 10 canvas' and auction costs ect... I am 76.95 in profit !
I'm not going to add that to my stake (although it is awfully tempting !), instead I'm buying the next 10 canvas' with it so I can start on the Aussie coins and everything from there will be profit !

The buyer of the 20 cent painting decided she wants the Kiwi one, so The Pukaki is listed on trademe here;
http://www.trademe.co.nz/Browse/Listing.aspx?id=102454427

I'm also going to be putting in another watch order in a week or so.
And the "$2 NZ" has been submitted to an art comp ! (The pic is so crappy, it will be a miracle if it gets accepted...)

SOOO BUSY.......

Hopefully by next week I'll have the Aussie coins started.
I have also sold another watch which will take me to the next step, but I want to make sure it's paid for before I announce the next step :)

Later,

Rachel.

Double Your Way To A Million - Another week, Another Idea !

Double Your Way To A Million - Another week, Another Idea !

This week I've been working on a more long term project to bring in money to the Doubling Challenge.
I realise that when creating artwork, you can only do so much for your time to be worthwhile so I have gone with an idea I've been thinking about.
After doing extensive "research" (a day of checking out art sites on the web !), I don't think my particular idea has been done in this way.

On 12"x 12" stretched canvas I am painting, in oils..... The coins that so many overlook.
It occurred to me that so often when you ask someone what picture is on each coin that many can only answer a few correctly.

The first coin is the NZ One Cent (before being pulled from circulation it was copperish with a fern on it. This one is completed but not for sale :D

The second is the now also extinct Two Cent Coin. It has Kowhai flowers on it. These are a yellow bell type flower on a large tree. It is for sale !

The Five Cent is a work in progress (stupid detailed Tuatara.....) but the Ten Cent is done.
I'll actually start another blog linking here to display these.

I'll also be writing about something interesting in the next day or so that had never occurred to me !

Later,

Rachel.

OK, I haven't signed it or cleaned it up totally... but here's a sneak preveiw of the 10c !
All Coin Series ©RA Hammond 2007, All rights reserved।



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Double Your Way To A Million - Selling, Ideas and Stitches ...

Double Your Way To A Million - Selling, Ideas and Stitches...

The last 2 weeks have been very interesting.
Remember how my dog cut herself and got 6 (not 5 !) stitches ? So far she has managed to pull 5 of the 6 just by being a crazed Bullmastiff. She is going to have a nasty scar but luckily I've never been into showing dogs !!

Everystep I reach on this doubling journey, I reveal a little more about myself. The last step I put a pic up which is very frightening :D
I'm going to break that now and tell you that I'm also a closet artist.

My Grandmother was a fairly prolific artist here between the 60's and 80's... Pearl Daniels

(If any NZers have a Pearl Daniels painting that I don't have already I would be interested )

Well anyway, I was a self taught artist until I did 2 years at high school and then studied a bachelor of Graphic Arts.
At The Doublers Den people were chatting about selling sketches for their doubling stake and Arkad mentioned 1,000 paintings. This guy put blue numbers on a white canvas and sold them. I also noticed another similar guy in Australia doing a money series. He paints dollar amounts on canvas and sells them for the pictured amount (The one dollars must have killed him....).
Well, all this pop art gave me an art related idea. But more about that tomorrow :D

My sales are going exceptionally well this week. About 12 UV Torches and 6 CD-ROMS.
I've also gotten a sponsorship possibility - Very Exciting !

Bye Now,
Rachel.



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