In my last post I mentioned making money by selling unwanted items and using the profit to trade trading in second-hand goods or antiques. The idea is not to input any money if you can possibly avoid it.
Sort whatever you have into two categories. If you have collectables or antiques, these should be kept for auction or private sale. Other items can be sold through a garage sale. Many local papers will let you post a free ad for a cheap item and will reach more people than a garage sale.
Check out the prices of more valuable items before you offer them for sale. Many people sell on ebay, but unless you set a reserved price, if there is no competition for what you are selling, you may be disappointed. A specialist auction may fetch a better price.
Once you have a little capital you can look for bargains that you can sell on. Try to specialize, I collect glass and most of my collection has be bought from experienced antique dealers who did not know the true value of what they were selling. Visit antique sales and markets and learn to haggle. Remember if you buy at auction, the price should be a lot lower than retail.
Buying and selling collectables is fun and there is always the anticipation that you are going to get a real bargain. If you know your stuff you often will!
Monday, February 9, 2009
Friday, February 6, 2009
Extra Money Making Ideas
These are just a few extra money making ideas.. According to where you live, not all of them may be possible, but I hope it starts you thinking about what you could do in your neighborhood.
1. Become an Avon rep or work for one of the other catalogue companies. Although I don't personally buy makeup this way, I know a lot of people who do. However I buy quite a few household items from brochures. I find them cheaper and often there are things difficult to find in stores.
2. Start selling antiques. When I say antiques I mean anything second hand that you don't want any more. Look around your house and see what you can find. If you make a little money, invest it in a few better items and resell.
3. Do you live in a busy tourist center? I'm lucky, I live in a really historic place. If you have a lot of visitors who stay, rather than come for a day, organise outings to places of interest nearby. Walking tours around the main sites are also popular.
4. Growing herbs. I once lived in a house that opened straight on the street, with no yard only a concrete area behind where I grew herbs. I would take cuttings from my main plants. As soon as they had rooted, I put them on the front window sill for sale. The money was put through in my letter box and nothing was ever stolen. I was surprised how much I made.
5. Hire out fancy dress clothes for children. Children seemed to continually need new fancy dress clothes. They grow so quickly it is so expensive to keep buying new. Either make some outfits, if you have the skill, or buy and hire out to parents.
1. Become an Avon rep or work for one of the other catalogue companies. Although I don't personally buy makeup this way, I know a lot of people who do. However I buy quite a few household items from brochures. I find them cheaper and often there are things difficult to find in stores.
2. Start selling antiques. When I say antiques I mean anything second hand that you don't want any more. Look around your house and see what you can find. If you make a little money, invest it in a few better items and resell.
3. Do you live in a busy tourist center? I'm lucky, I live in a really historic place. If you have a lot of visitors who stay, rather than come for a day, organise outings to places of interest nearby. Walking tours around the main sites are also popular.
4. Growing herbs. I once lived in a house that opened straight on the street, with no yard only a concrete area behind where I grew herbs. I would take cuttings from my main plants. As soon as they had rooted, I put them on the front window sill for sale. The money was put through in my letter box and nothing was ever stolen. I was surprised how much I made.
5. Hire out fancy dress clothes for children. Children seemed to continually need new fancy dress clothes. They grow so quickly it is so expensive to keep buying new. Either make some outfits, if you have the skill, or buy and hire out to parents.
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