Showing posts with label online. Show all posts
Showing posts with label online. Show all posts

Monday, January 12, 2009

Making Money Selling Online

This is idea for the stay-at-home mom who has a little extra time on her hands.

The internet selling industry is big. Many people make a great living off of it, and it's a wonderful way to make an income. So often it's hard to sell things locally, so people advertise their items online and customers from around the world buy.

The key to making money online is selling your item at a higher price than you bought it for. If you buy something for dirt cheap and sell it at a fair price, the profit you make from the sell could be enormous.

But the big question is: 'Where can I buy something for cheap, and sell it for more?'. It's simple! Go to thrift stores, yard sales, police auctions, newspaper ads, store sales, out of business blowouts, etc. One of the best places to buy things for cheap is a storage unit auction. If somebody rents the storage unit and fails to pay, then their possessions get sold at auctions to get the money back. Most everything sold is extraordinarily inexpensive.

Another awesome place to buy is online. You can find good deals for anything online. A lot of internet sellers buy online, then sell online for a higher price. Often sellers will ask for a low price because they need the money, and you can buy it at an insanely low price.

Where are you going to sell the product though? There's many websites on the internet that allow you to sell your product online. The most popular is Ebay (http://www.ebay.com). For quick payment you set up a Paypal account and people can effortlessly pay you online with their credit or debit card.

A few other great websites are Amazon (http://www.amazon.com) and Craigslist (http://www.craigslist.org).

Selling online can take a lot of work, but the effort you put into it will determine the amount you earn!

Saturday, January 3, 2009

Making Money with 'Whatever you Like'

Projected Profit: $800 per scooter (depends on what you're selling)

This is for anybody looking to get a little extra cash.

For instance buy an item you like, and research and find the very best deal for it. Buy online because that's where you're gonna find the best price. Then once you buy it, sell it in the paper for a higher price. After doing this 5-6 times, you would probably have enough money to buy 3-4 at a time, exponentially increasing your profit from there.

For example, let's say you wanted to sell scooters. You can find great deals if you go online. It would only cost you $500-$600 per scooter. You can sell those scooters locally for $1200 to $1300. 

So you buy a scooter online for $500, and sell it locally for $1300. You can use this $1300 to buy 2 scooters. You can pocket the extra $300 and sell the two scooters for $2600. Then you can buy 4 more scooters, and pocket $600 dollars. You're increasing your income exponentially by following this model.
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