Heard a brief thing on the radio about encouraging students in schools to be more entrepreneurial by starting a business with £10. It started me thinking how they could do that.
If I were them I would leverage the community aspect of the school to provide stock to sell and as customers. I’d set up an Ebay shop that would be stocked with items donated by students, parents and teachers. However, to make better use of the school community and encourage people to keep providing stock (there needs to be a part of the strategy that considers sustainability), I’d award points to each of the donors based on how much the items they donated sell for, e.g. 1 point for 1 pound. These points can then be redeemed at the school for things like free tickets to school plays.
Of course, it would be promoted via the usual social media channels that kids love, ifttt’d from ebay to FB, TW, IG, etc. The points system could be run on Mailchimp so that everyone involved gets regular emails telling them how many points they have earned and what products are for sale this week.
So, what would the £10 be spent on? The postage of for the first round of items sold until you’ve got some profit to pay the delivery on more items.