Ways To Make Money

Ways To Make Money

Money Making Ideas, extra income opportunities and stories to awaken the entrepreneur in you

Fix Up Used Things And Sell Them

The concept of buying run down houses, repairing them and “flipping” them for a profit is not new but became very popular during the housing boom.  Now that the market is in a down turn, there is an abundance of foreclosures that can be purchased by entrepreneurs and re-sold at a profit.  The same idea can be applied to cars, equipment and just about anything that can be restored and sold for a profit.

For individuals who are not particularly handy, it is possible to go to garage sales and buy items that only need cleaning before being resold.  Garage sales are a great place to find very profitable items because the person selling may not realize the true value of what is for sale.  In addition, EBay has made it very easy to sell items to just about anyone I the world.

A variable of this money making method involves items that are brand new but can be acquired at a great discount because they have a minor defect.  The goods are still usable but cannot be sold at their full retail value because of their defect.  Entrepreneurs can use the opportunity to help retailers offload the bad merchandise and then sell it at a profit.

Examples:

Selling your old clothes

Making money by selling your old clothes to a consignment store.

Sell used boxes

Recycle boxes and sell them to people that need to pack their stuff to move.

Create Something Once And Get Paid For It Multiple Times

Everyone is familiar with paying rent for his or her house or apartment.  The principle is simple.  A landlord buys a house and allows someone else to use it as their own in exchange for a monthly fee.  As long as the house is rented, and the tenant makes prompt payments, the landlord has a source of income.  If the tenant moves out, a new one can take his or her place, and the payments continue.

Over time, the house is paid off, but the rental income continues.  In other words, the house was built once but continues to create revenue for its owner well after the original costs are covered.

The same principle applies to other items such as books, movies, equipment, tourist destinations, and virtually anything that can be purchased or created once but made available multiple times.

The idea of “renting”, in this context, goes well beyond tenants and landlords.  Making the tangible and intangible available to many people can make money.  If you write a book (Hard copy or eBook), for example, you only write the book once, but can sell it as many times as people want to buy it.  You can even have others sell what you have created and pay you a royalty from their sales.  

Vacation destinations, along the same lines, allow thousands or millions of people to see the exact same attractions and charge each person for every visit.  The concept of renting is quite powerful because it allows a one-time investment of time, money or effort, to be monetized for many years to come.  

Examples:

Show off your haunted house or town

Making money by giving ghost tours.  Cashing in on scary stories.

Create work related cartoons

From call centers to just about any other type of job, employees can find humor in their work ,and you can cash in.

Offer club-goers free club reviews

Dish out free club reviews and information for the club scene.

More Ways To Make Money >>>>

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