Who’s The Daddy?

I’m not sure I like this one, but what do I know?

Robert Nickell had the idea for DaddyScrubs while his wife was choosing a scrub gown for the delivery of their son. He felt left out and wanted something special for himself as a soon-to-be Dad. And so he designed a series of scrub gowns with ‘Daddy on the Front’ and ‘I’m The Daddy’ on the back. The range of products was subsequently extended to include baseball hats and T shirts.

DaddyScrubs is apparently doing big business in Hollywood, so perhaps something similar might work in areas where people have more money than sense here in the UK! Alternatively, how about designing a range of ‘That’s what you think.” T shirts for friends of the new ‘dad’? That WAS a joke!

BTL Mortgage News

Cambridge Building Society has reduced the rates across its buy-to-let range by up to 0.80 per cent. Quoting the press release, the five-year fixed rate at 5.49 per cent is being cut by 0.80 per cent to 4.69 per cent and the application fee drops 0.5 per cent from 1.5 per cent to 1 per cent, plus £199.

The two-year fixed rate of 4.49 per cent is being cut by 0.50 per cent down to 3.99 per cent. The product comes with a £1,499 application fee where £199 is payable at the time of application.

The two-year discounted rate of 4.39 per cent is being cut by 0.54 per cent, to 3.84 per cent. There is a 1 per cent application fee with £199 payable at the time of application. All three are available at 75 per cent LTV, both direct and through intermediaries in the wider East Anglia area. Talk to your broker.

Photo Profits

It doesn’t seem too long ago that few of us carried a camera around with us. The smart phone revolution changed all that and now everyone’s a photographer. Here’s an opportunity to make money from the snaps you take.

Fizwoz is an online marketplace where you can upload your photos and videos and then offer them to the highest bidder. Most photos seem to go for somewhere between $1 and $5 with around $35 being the limit, so you’re unlikely to get rich from this. But what else are you doing with your photos?  There’s also a facility for publishers to set assignments for members and compete for prize money. If nothing else it seems like good fun, and you never know where it may lead.

Currencies – Free Advice!

If you are buying overseas, you’ll need to keep an eye on exchange rates. Peter at Pure FX can provide free advice. He writes, this week, the euro had a decent week last week, gaining half a cent against the pound and US dollar, as Eurozone finance ministers agree a deal to cut Greece’s debt to 124.0 per cent by 2020. This includes dispersing some €30.0bn to Greece while the Hellenic country will be issued fresh loans to ‘buy back’ its existing debt, so it can then pay a lower interest rate. Convoluted as this is, it helped the euro because it shows us Europe’s commitment to Greece’s euro membership.

However, the euro’s gains were nonetheless limited as economic data points to a protracted slowdown on the continent. The latest survey from the Eurozone’s factories revealed the sixteenth consecutive monthly slowdown, with little sign of a pick-up before 2013. Unemployment meanwhile hit 11.7 per cent last month, particularly as the jobless in Spain and Italy pile up. Hence, though the Eurozone may not be about to fall apart, its economic prospects don’t look bright. Email back for a free chat with Peter about spot rates, forward contracts etc.

Property Prices

According to Right Move, property prices in England and Wales have fallen 2.6 per cent in November; that’s a marked contrast with London where prices have risen 1.2 per cent. ‘The capital is benefiting from strong overseas buyer interest with the most expensive boroughs seeing the largest price rises.’

Miles Shipside, director and housing market analyst at Right Move says, ‘Outside the capital, agents report prices are broadly flat in many parts of the country compared to a year ago. This stability may indicate a sounder springboard for 2013 as the wait goes on for a sustainable recovery in transaction numbers.’

In The Soup

I like businesses that are simple, and it’s for that reason that I like SoupCycle.

This Portland, Oregon based business has one basic product – soup. Each week it delivers one of three pre-selected soups (plus bread and salad) to 150 subscribers. The subscribers select which soup they’d like in the following week on the previous Friday, and then the company purchase the required ingredients over the weekend, cook up the soup on Mondays and commence deliveries on Tuesday’s. Simple.

So far the company has delivered over 10,000 orders for soup at around $18 per order. From the customers perspective, they get a freshly made top quality product delivered to their door. From the company’s perspective, they are able to benefit from economies of scale by keeping their product range to a minimum.

Is this something you could copy or take inspiration from? Perhaps you could duplicate the business wholesale in your area, or maybe there’s some other food product for which you could build up a subscription base for locally. Many businesses fail because they try to be too complicated or clever. Sometimes, less is more.