Our first event carried out as leaders was setting up a stall at the Food & Fun Fair. Initially, we planned to have a 'sweet stall' i.e. selling ice cream floats, ice cream, candyfloss in addition to drinks. To do this we required that each member bring a box of ice cream and we had to talk to the PTA as well as our principal to set up the stall.
As the event progressed, however, we saw that most people were not that interested in the 'candy' but were flocking toward the cool soft drinks we also had, being a hot day. Our limited drink supplies simply began to fly off. As a result, my fellow leader had to go to the supermarket in a hurry to gat some more drinks. Astonishingly, the 6 extra 1 litre bottles we baught literally disappeared in a matter of minutes. By this time we had no extra cash to buy bottles, so we decided to take a gamble and use some of the cash we had earned already, despite us knowing we only had around 45 minutes to go. This time, however, we increased our prices by 50-75rps from 25-50rps (small and big cups). Some customers did question our prices but nevertheless we sold those extra 6 bottles at whopping speed and more than doubled the profit. In fact, I remember some of us (annonymous :) charging upto 100rps for small cups of soda. It was certainly a fantastic experience for me in the serious power a producer has as a result of price inelastic demand!
By the end of the event, we had managed to raise a fantastic 8,800rps simply by selling soft drinks for a few hours! We hope to use the money later on next year in buying medicines for the people at the homes.
(me in blue)
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