The secret to making money isn’t working at a high-paying job, it’s
finding creative solutions to people’s problems, and it doesn’t take a
fancy degree to do that. To get your creative juices flowing, check out
these common and not-so-common ways of lining your pockets. Below that,
you’ll also find more general financial advice as well as some
money-making ideas for kids
Buy under-priced used books. Outfit a phone or PDA
(personal data assistant) with a scanner, scan the ISBN numbers of books
at used bookstores and thrift shops, and compare the asking prices with
what the books are selling for on a site like Amazon. Whenever you get a
good hit (which won’t be often but, since the process is fast, won’t
take long, either), buy the book and resell it online. Be discreet about
this, as the store managers probably won’t like what you’re doing.
bit of knowledge in a particular area (ex. Taxco Mexican silver, action
figures, classic National Geo-graphics) or even just a good eye for
quality, visit private sales early and often to find unexpected deals.
Go to police auctions. You can find incredible deals
here, and though may not be able to resell a car that was involved in a
serious crime, you can probably find some spectacularly cheap jewelry
that someone else would be happy to buy off you.
thinner, sandpaper, stain, and some craft sense, you can buy worn-out
furniture and fix it up for a great resale price.
cheap (or free) and easy to come by. Look for untreated specimens at
construction sites, community colleges, buildings under renovation, or
shipping warehouses and plane them down and/or kiln-dry them in a
homemade kiln-dryer to uncover their hidden beauty. You can then resell
the wood as is or even turn it into beautiful furniture. (Be sure to
advertise that the wood is “reclaimed,” as people are often willing to
pay much more for this.)
with great design sense, a knowledge of what’s valuable in the
construction of a home, and assets you’re willing to play with, consider
buying, fixing up, and reselling real estate. This requires quite a bit
of up-front cash and elbow grease, but the payoff can be big.
If you have a decent camera and a good sense of light, color, and
composition, you can take and sell stock photos – i.e. nondescript
images that lend themselves to many applications and are commonly used
to illustrate online articles or products – with minimal effort. Stock
photos of locations (a fire hydrant, a bare wall near an interesting
tree, or anything you might find as a default background image on your
computer) are easier to take, but stock photos of people (i.e. people
arguing, people kissing, people laughing) usually sell for more, as they
have more uses and require the written legal consent of your subjects.
Hunt for a reputable stock photo dealer or database that will pay you
fairly before signing on with anyone
crafty, consider selling your goods on a site like Etsy. Though you can
make more money on intricate projects (ex. an exquisitely woodburned
gourd), even labor-light projects can bring in good money if you’re
willing to produce them in high quantities. Who knows – if you do well,
you might even be inspired to start a crafts business .