The idea of extra money is on just about everybody’s radar these days with the prices going up and wages of jobs seem to be on a hold. There seems to be no hope and everyone wants to learn how to make “passive income” or have a “side hustle” to help make ends meet. There are literally hundreds of ways to make extra dough. Some will require money upfront to gain traction and momentum, other will require you to put forth time and effort to learn the required skills to start seeing movement in your bank account.
There is affiliate marketing, network marketing, flipping cars or houses, starting a digital marketing agency and many more. But there is something even better and is time tested and it seems to be the trending go to business these days, especially with the grand expansion of social media.
Flip your way to profits! You can literally flip anything and everything. The concept is so simple. You buy something at a low price and sell it for a higher price. That is it. Some people will even fix things up to flip.
You can get things for free on craigslist and then turn around and post them on a Facebook marketplace , letgo, etc and sell if for a profit! How much easier can it get than that? You can make some serious cash fast using this method.
For example; go on Craiglist and search the Free column and find furniture or basketball hoop. Once you find it arrange the pick up. Take great lookin photos and a then post it to your local Facebook Marketplace and Online Garage Sale for Profit! Remember to be honest about your items your selling and leave yourself room for negotitaions. You can also offer an upsell when someone buys your item, you can upsell delivery fee to make some extra cash!
You can go to Walmart and find the clearance isle and buy discounted items then do the same thing. Even better especially in the spring and summer, it is garage sale season! That is a wonderous opportunity to get quality goods for extreme discounts and resale for profits. Ther is huge margins available here and people just need you to connect them with the things they really want. Some items have the ability to score you even hundreds of dollars in profit. Moving sales are a great way.
Tips for getting even better discounts. Make yourself known to the local department store associates and management. Management usually has to approve any further discounts, but they too have a job to do and want to run a profitable store and will know best what margins and discounts they can work with. I would advise talking to them, shake their hand and offer feed back about their store. Show up on a scheduled basis that is regular so they get use to seeing you often.
For gargage sales and moving sales, if they are posted in the paper or online you can offer to meet them early or pre sale. They will also be more willing to work will you , make you better deals if your working with cash and buy in bulk making their job way easier!
Look for deals on regular, sometimes its best to collect them and sale them all at one time. Where most people go wrong is they immediately want to spend the profits instead of using them to buy more items to flip or larger more profitbale items. This is a crucial mistake, while you can make consistent small profits that add up, the goal should be to make larger profits with less effort.
I would take the profits and roll them continuously onto the next haul or purchases while keeping a spreadsheet or count on how much your making. When you reach your goal then you can spend. The best method for continuing to make your money grow would to use the profits to pay down your debts or invest in another business model that you can delegate the funds and can develop further streams of income.
If you just want to stick with this business model and scale it you can involve your friends and family and even start you a website or roll into Amazon FBA or Ebay!
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