Over the weekend my son earned his first pay cheque.
Our mulberry tree was dripping with fruit we had several two kilo bags in the freezer and they kept on coming.
With a little persuasion and the lure of earning real money, I convinced him to give it a go.
We had some old strawberry punnets, but it didn’t look or feel right. So we looked up on YouTube how to make bags and punnets out of old newspaper. Here is the video we watched:
These were awesome and we spent half an hour making them, each one slightly bett r than the last.
We picked a punnets and it came in at 700g. We discussed how to set the price. Normally I would suggest pricing for the time and costs put into it plus a profit on top. The profit could be larger or smaller, depending on what the market will accept. It could even be zero if you have other drivers like building a customer base, or paying off equipment. But if you don’t cover your time and costs then you are selling at a loss. People might say that you can’t sell it for that price, but if you can’t then reduce your costs or don’t do it. There are more pleasurable ways to go broke than selling something at a loss.
But this wasn’t about making a huge profit. This was about knowledge, experience and confidence. So this time, we looked at the price of the same weight of strawberries. That’s about $5 at the moment, so that’s the price we put on them.
He went under the pseudonym ‘Farmer’ because officially he is too young to have his own Facebook account.
But our local Facebook homegrown buy and sell group is the easiest way to reach customers. So he started an account, joined the page, took some photos, posted the ad, messaged some customers and sold two punnets.
So many lessons, so many skills.
I don’t think of it as “just ten dollars,” I think of it as the first ten dollars.
Good on you Little Farmer.