DrS, that kind of expense money won't last long.
First of all, let's talk about what you're including. Are you including only the expense outlay during the actual shop, or are you including vehicle expenses to get where you're going? Are you including lunches on the days you'll shop all day and not have a food shop, or do you plan to take your lunch or get by on convenience store purchases during shops? All this makes a difference.
I don't do expensive shops. Here's an example of cash I might need to pull off a day's shopping with 150 miles driving and a few shops. Let mix up some convenience stores, post office shops, and a couple of fast food.
First of all, I need six gallons of gas. That's $21.00.
Let's do six gas stations, with $1.00 inside and $1.00 at the pump. That's $12.00 in all, but $6.00 of that is gas I can include in the $21.00 gas expense, so the stations only cost me $6.00 total above the gas. Now I'm up to $27.00 for the day.
Let's say I do two post offices, at about $8.00 each, $16.00 total, now I'm up to $43.00 for the day.
Let's do a couple fast food, say I spend $7.00 each, that's $14.00, now I'm up to $57.00 cash outlay for the day.
Adjust this number downward for less gas and upward for more shop expense.
See how it goes?
Of course, I'm talking about paying cash every day and not putting any of this on a card. Shopping on a credit card can be asking for trouble. Pretty soon I'd be extending myself by saying, well, I've got all this money coming back so it doesn't hurt to rack up the cards. The thing is, at the rate of pay we're getting, we absolutely cannot afford to pay interest on seed money for mystery shopping. And we all know that we get paid when we get it, and sometimes we don't get it because we screw up the shop. It would be really easy to sink like a rock doing this.
And we haven't even talked about shopping a really nice eating establishment or a hotel. Those jobs can pull hundreds of dollars out of your pocket.
I don't mean to be discouraging but I do think we need to be realistic about how much money it takes to do some of these shops.
There are some shops you can do which don't require an outlay; banks come to mind. But I've done some banks where I made substantial deposits opening new accounts, including business accounts, where I had money tied up at the bank for a couple of months. No, it wasn't actually spent, but no, it wasn't actually available either because I needed to keep the balance up so as not to fall into paying a monthly fee for a checking account.
I'm afraid I haven't been very helpful. A lot of the answer depends on what kind of shops you intend to do. You may have to ramp up your shopping bit by bit until you're sure you can handle the expense of a full time operation.
Mary Davis Nowell. Based close to Fort Worth. Shopping Interstate 20 east and west, Interstate 35 north and south.