How to Gain Additional Income

This article will tell you the easiest and most cost-effective way to make some additional income to supplement your lifestyle. These are hard times and everyone is looking for a bargain and a little extra money to keep their lives moving.

Difficulty: Moderately Easy

Instructions

Things You'll Need:

• a small sum of money to begin
• some dedication
• a knowledge base of what things are worth (theres always the internet if you dont know)

1. Your going to want to start with about 100$, now how to make that turn into 200$ is the trick. Start with an Auction, they are around you just have to know where they are, starting online would be your best bet. Type in your location and find a local auction house and go visit it. I know of a few estate auctions that auction off boxes of "things" that are just miscellaneous box lots of people's belongings whom have passed away. There are so many times when these boxes sell for one dollar. The contents of the boxes range but there are always a bunch of items in each box.
   
   If you have a keen eye for a valuable, or can identify the worth of an item that is on auction block, you can easily get a discount deal. This same auction house sells jewelry and old relics, art, paintings..I got a diamond ring mounted in 14k gold for 60$. I turned around and sold it for 250$. Thats just one example of where to get discounted goods.

2. The second place to look for items to resell would be the all famous internet. Craigslist has become somewhat of a hovel for findings great deals and married men willing to cheat on their sposes. We won't be dealing with the latter, but there is a free section on there where you can acquire items, everything has a price. Otherwise, there are multiple sections there in where you can find a great deal.

3. Once you have acquired a random selection of merchandise and items of worth, you can then find yourself a local market where you can rent out a table (usually on the weekends), the tables usually go for 15$ a table, if you take one day of the week to sell all the items of the boxes and internet you've accumulated, you will easily walk out in one day with 200$+. If its cold or the weather is bad, you can take a picture with a camera and post your items on the internet. If you have a fair knowledge of webpages, you can make a webstore with all you have for sale. By combining all of these selling mechanisms together, you should be on your way to profit. I have done this procedure of buying and selling for quite some time and have found it to be satisfying to have supplemental tax-free income.

4. Once you've become quite the avid seller and have accumulated around 1-2k in profits, its time to move up in the world. Keeping small time can be fun but with the current methods you will gross only a few hundred dollars per week. You will make approximately a few dollars off everything you sell. However, if you know anything about the price of cars, you can look up how much a car is generally priced for online and buy a low-milage, underpriced, used car. There are so many if you just know where to look. The first place would be the classified section of the newspaper. This is where people pay money to put in ads, meaning they are not tech-savy are unaware of the internet reveloution, meaning they are older people with low mileage cars that take them to the supermarket and back and are selling them for a low price to just get rid of it due to relocation or some other random cause. After that would be craigslist or any other online classified section. There are a few exclusively for cars worth looking into, simply googling "automotive classifieds" will take you to more then I can list here.

5. After buying and selling a couple of cars, which you can make 500-1000$ per sale, a lot more then a couple dollars in buying and selling jewelry and other small "things", you can then dare to dream and buy some land. Once you have about 10,000$ profit saved up, you can get a downpayment on a home and just don't move into it. Rent it out to tennants to try to balance out the mortage and property tax you would be paying on the land, so in essence, the people renting your newly-financed home, will effectively be paying off your mortgage. At this point, you should be financially secure and quite the entrepeneur. I hope my article contributed to your good fortune!