The £1 challenge!

[nonstop]

Each of my colleagues have been given £1, our challenge is to turn that £1 into even more than anyone else by Monday can anyone think of anything I can do to win?

[londrum]

high interest bank account

[Frank_Rizzo]

Rule of Nature 3:20 Yarmouth

[topr8]

go to a charity shop, buy a couple of paperbacks if you can, then put them on ebay, list the books with a buy it now price of 10p or 20p each BUT have a postage fee of 3.99

[Old_Honky]

Buy a lottery scratch card. If it doesn't win pretend it did and say you won £20. It's cheating but all is fair in love, war and office politics.

[sem4u]

Glue a £1 coin near a place where young children hang out...and video the efforts and put on a blog with ads of some sort. I saw someone try this the other day ;)

[Leosghost]

write ebook about how to start with just £1.oo and make huge amounts of money with little effort ..sell it for $1.oo per download ..allow purchasers ( tell them on the sale page ) to have "whitebrand" resale rights to it ..the ebook details how to make an ebook starting with just $1.oo ( as per above ) etc etc

this makes it legal ..just

put it on any unused domain you have ..or buy a dot info ..( or buy some domains that you did want and get the dot info free ).."free" means you didnt have to spend more than $1.oo to get it ..the other domains you would have bought anyway ..;)

do it now ..and GOOG will put it high in serps for 2 days ..maybe even 5 days ..

my take is 50% of your gross profit

[Shaddows]

Buy box of "penny" sweets, and sell them at 2p/5p etc.

ebay arbitrage (probably not enough time)

Propostion bets (Of the type you might see in TV show "The Real Hustle")

[londrum]

chop it in half, and then you'll have two pounds

[rj87uk]

Put a bet on the footy?

I like the putting books on Ebay & the sweets ideas.

My idea would be buy a tin bank with the £1 and set up a swear box in your office you may not win, but you'll win in the long term and thats what counts!

[rocker]

Take it to a currency exchange (one that does not charge fees) and exchange it for currency that is rising. Exchange it back on Monday.

[sem4u]

Rule of Nature 3:20 Yarmouth

How did this horse do?

[Frank_Rizzo]

Rule of Nature 3:20 Yarmouth

If you took that advice your £1 would now be worth £1.83. Heh!

---

Maybe this is a trick challenge.

What if the majority of people when performing the same challenge ultimately end up losing the quid because they make reckless decisions. Decisions made because:

a) It's not their money
b) It's only £1
c) They assume that they need to turn the £1 into something much greater and prospect out of their depth.

The best option could be to just sit on the £1 and win by default. You will not increase your initial £1 stake but you may just so happen to end up with the greatest total. This assumes that your colleagues do not cheat or lie about their prospects.

[sem4u]

Just as well I put £2 on the horse then! :)

[grandpa]

Give it to someone in need, and then explain that because you've done such a good deed that your heart is filled with joy, something worth far more than money. Good karma might also find its way to your door, and you could find a fiver on the way on work on Monday.

[nonstop]

Rule of Nature 3:20 Yarmouth

If you took that advice your £1 would now be worth £1.83. Heh!

Ha! I did! I've got £1.80 now, I'm gunna look into the ebay charity shop thing now i think.

[londrum]

didn't the prodigal son do this? he buried his money in a field and gave his dad back the same amount, and he wasn't too chuffed. his other son who went out and worked with it got all the pats on the back.

i can't remember what the other son did, though. i think he bought some cows with it. maybe you could try that.

[LifeinAsia]

Expanding on Frank_Rizzo's idea: take the bill and fold it into an Origami swan.

Even if some other people increase the value of their investments, you've got style points.

Or option 2: sell the Origami as art.

[bhonda]

didn't the prodigal son do this? he buried his money in a field and gave his dad back the same amount, and he wasn't too chuffed. his other son who went out and worked with it got all the pats on the back.

That would be the man with the servants. (Matthew 25)

My thoughts...how about collaborating with another colleague...pool resources and see what happens.

But then again I love the idea of giving it away. But that opens up a whole new can of worms...business, meet ethics. Ethics, meet business.

[jecasc]

Buy a lemon and open a lemonade stand. Or if you have kids: let them open a lemonde stand and share 50/50.

[callivert]

hold a dollar auction [en.wikipedia.org].
(except with a pound, obviously, instead of a dollar)