Updated: March 27, 2013
One of the best ways to make extra money these days is to sell stuff online.
Furthermore, aside from selling your own products, people are now taking advantage of reselling other people’s products.
A friend of mine, for example, sells homemade soaps and beauty products online, through Multiply. Her business is doing great despite the fact that she’s just a reseller and just buys those items from a small store inside her village.
By opening your mind, being creative and thinking out-of-the-box – one can take discover and take advantage of such income opportunities.
That’s something that Richard, our guest blogger for today, has recently realized.
Let’s read more of what he has to say in his contributed article below.
Making extra cash isn’t hard but there’s a trick to selling and buying things online.
With any item from ruby rings to tennis rackets, you can use different online resources to get things for cheap or free and resell them on the web for a profit.
It’s basic economics and seeing where you can make money from something is a great ability. A lot of people go online and just try to get rid of stuff that’s been sitting bout their house that they don’t use anymore.
Many times they’ll just give it away but what they don’t realize, or don’t care about, is that these things have real value.
Here’s one of the ways you can harness that market.
First you’ll want to use a social site to look for items either for free or at a reduced cost. You can also use the newspaper but sites like Craigslist is much better because there are people posting new items every day.
Probably one of the best reasons to use it is for the simple fact that it’s free to use. So those who do use it aren’t usually asking for much. It’s a helpful site that allows you to search directly for a specific kind of item you’re looking for or you can browse through hundreds of entries from people wanting to get rid of their stuff.
Once you find something of interest, contact the person and see if they’re interested in bargaining the price. People usually ask for far more than they really will take for it because they’re hoping to make a profit.
Don’t insult them with your offer and lowball with a ridiculous figure, but don’t give them what they’re asking for – and this is if they’re even asking for money at all. Usually people will trade or simply give it to you at no cost.
If you don’t want to spend anything, there is a section on the site that’s just labeled FREE. This is a long list of postings that usually offer an address or number where you can just go and pick it up.
Once you’ve found an item that you think has real value, go on a pay site, like eBay and create an account. This is easily done and it doesn’t cost much.
You will also have to set up a PayPal account so people can send you money, and visa versa, securely. All you’ll have to pay out is a small percentage of what you’re selling the item for.
This is only optional but it’s way better using a site like eBay rather than creating another post on Craigslist or the newspaper. You’re far more likely to get more money from something online.
If you’re looking for free things to resell, or just shopping and reselling online, this is just one way that you can build a small business in your off time.
Do it on your own schedule and when you have a minute and you’re likely to see some big profits, especially if you’re selling things that were free initially. From there it’s nothing but profit.
This guest post is contributed by eBay enthusiast, Richard Michaels.
Be ready to be rich, subscribe to this blog for free here.