Nicole's $20 Bottled Water Challenge

[creditunionrate]

Ok, this is fun and I want to participate in this challenge of turning $20 into $5000 ( yikes!!)

My generous boss provides sodas to us ( employees on a daily basis) but has not included bottled water in our selection. Many employees usually ask the other who has an extra bottle for it ( they pay for it).

I'm going to purchase a case of bottled water, and put it in the fridge at work. I will leave a note on top of it that says " Nicole's water, but if you need one, you can leave a $1 and take a bottle"..

Is this harsh?

I wont be able to post everyday but I will try to give updates on a weekly basis.

Cheers,

Nicole

[cicy33]

I don't think that is harsh. I think that if I wanted a bottle and someone had it I would definitely pay a $1 for it. that is not unreasonable. Let us know how it goes. your boss may not like it though! lol

[creditunionrate]

Hi cycy33,

I'll track the boss's reaction too...

Bottled water is about 35 cents each wholesale, so $20 could get me 57 bottles, resold for $1= $57 - $20 ( investment)= $37 profit...

I think I could sell 3 bottles per day...

I cant start this until after the 12th.. I'm going to Canada on Friday for a family reunion..

Nicole

[Armywife]

Hi Nicole,

I'm curious as to how your challenge is going since I too am planning on doing a bottled water sale except it would be in my husband's job where they spend $1.50 for 20 oz sodas.

[niki_the_tiger]

I'm curious too as to how that is going. Sounds like an interesting idea. I work out of the house, so no way to sell those... at least when I buy in bulk, we save money though lol.

[creditunionrate]

Hi guys,

I havent even started it. I bought the case of water bottles. I cant outright sell them, I was thinking of just putting my name on it and then letting thme know if they take one, they have to pay for it.. i think $1 is too high.. 75 cents?

Nicole

[cicy33]

I would pay a $1 for a bottle of water. I hate tap water. tastes funny

[gavinmccallister]

I would charge $1.00 .75 cents is too cheap, what you might want to consider is getting those flavored water, you will probably sell more and charge $1.50... Just a thought!

-Gavin McCallister

[Ima saver]

I am a real water lover, I drink it all day long and I "make" my own. I don't like the taste of flavored water at all. I wonder how she is doing with this?

[jeffrey]

Nicole,

I need you to start a journal...once you do, I will transfer all your old entries into your new blog...we are now featuring the $20 challenges on the front page so there should be a lot more people viewing them from the blogs. Thanks

Jeffrey