This is an daily money makers idea for an entrepreneur looking to make a larger return for a smaller investment.
Pawn shops can make a lot of money, mainly because their profit margin is high. You buy for low, and sell for high. Businesses thrive off of this business model, so you need to get into it!
You would need a building and people to sell you their items. You would buy their items for a low price, then sell it to people for about double the price. You need to be a good haggler, and you need to know how much you can sell things for. If you buy an item you can't sell, you lose money.
Since pawn shops sell different items, the profits will vary. You can expect to make thousands a month though.
Showing posts with label sell. Show all posts
Showing posts with label sell. Show all posts
Friday, March 6, 2009
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!
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!
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