Category: Making Extra Income

Do’s and Don’ts of Advertising a Yard Sale

Do’s and Don’ts of Advertising a Yard Sale

 I’m off to go yard sale hunting today! I love these weekends when you get up early and start mapping out your route. This is the time when you finally realize the nice weather is here. You can find some pretty amazing treasures at […]

How to Earn $300+/Month Watching Movie Previews

How to Earn $300+/Month Watching Movie Previews

I know it sounds far-fetched, but it’s possible to earn extra money watching movie previews. In fact, if you’re really committed, you could earn $300/month or more with the tips listed below. Let me explain… 1. Earn Up to $225/Month Watching Previews Most of you already […]

Making extra money at home.

Making extra money at home.

Everyone needs extra money right?  There are some creative ways out there to do that. Recently I have caught the auction bug. Some of my favourite shows on TV are Canadian Pickers, Storage Wars and The Liquidator. I found a local bidding war sight on Facebook a few months ago and decided to put up some of the items I no longer used or needed. They sold, and I made money doing it. Well that is all it took for me to get hooked. I found a local online auction site and started bidding on items that I thought would sell and kept my bids very low if I couldn’t sell them and make money. Well I was able to make a couple hundred bucks from items that only cost me $2.50; it was crazy intense. Then I started thinking; well what if I made some cool crafts and try to get them to bid on those. I seen on  Pinterest Money-Making Crafts and found some cute ideas using clay pots and turning them into bubble gum dishes.

Turns out that people LOVE them. I decided to start with sports team themes. I get about $25 to $30.00 on each one and buy my crafts from the dollar store so it costs around 12.00 to make plus your time. That’s when I figured out that SPORTS sell (who knew right lol ). I started going to flea markets and looking for sports items, pictures, trinkets, keys chains, sports cards anything sports related and inexpensive I could get my hands on. I bring them home and frame the pictures, clean up the other items and make a package to sell on the bidding sites. I have gotten the money I put out and have been able to pay my car payment just with money I’m making just selling stuff. Well that caused me to get hooked even worse and I decided to try my hand at finding storage lockers. Keep in mind winning storage lockers is fun and exciting BUT is also a lot of work so bring help and a truck lol. My first locker was a little 5×10 locker so I thought “eh, no problem I will be able to get it into my CRV. Storage places won’t allow you to put any garbage in their bins so you have to take it with you. HMMM didn’t know that (do all your homework before bidding) I had so many totes and garbage in my CRV that it was full front to back. When I finally cleared away the garbage I struck a goldmine (beginners luck) I had authentic Louis Vuitton purses and brand name clothes still with tags and I’m thinking WOW! I’m I will be rich!  Well little hint…. an item is only worth what someone wants to pay. Storage lockers are a lot of work, still fun and exciting but a lot of work. You have to pay a deposit up front if you leave anything behind or don’t clean up (so remember never leave anything behind) I did make my money back and a couple hundred dollars extra. I decided to try again at another locker. I seen a lot of organized suitcases and small stuff in the pictures online so I bid; again thinking it was small enough for my CRV. I got into an real bidding war with another person (just like you see on tv but online) the rush and excitement was AWESOME! and I won it. Well when I got there and they broke the lock and opened it, behind those suitcases was furniture BIG furniture. All I can say is THANK GOODNESS FOR GOOD FRIENDS! I was able to make a call and have a friend and his truck come bail me out lol. That locker was mostly junk and garbage (live and learn right?) I was able to make enough money to at least get my money back on that one. The lesson I learned for myself was that storage lockers aren’t for me, don’t get me wrong there’s money you will make, but I suggest you really do your homework before bidding and be able to know that you may lose all the money you put into it plus more (gas, rental vehicle etc..) I have decided to stay in the online auction business though. That is fun and exciting and I get to choose what I what and what I think I can make money on. I control how much money I spend on items. There are a lot more online auction sites out there than what you would even think there is. Choose the ones with low bidding starts and know your limit and stop at the amount you have given yourself. Yard sales are also good for making money. I went to 3 yard sales yesterday and have already tripled my money.  If there is anything I have learned from all this….

  1. Do your research
  2. Have a place to store lots of stuff
  3. Learn your target buyers and what sells
  4. Always be honest when posting items for sale
  5. Have a bankroll you can afford to lose ( but let’s hope that doesn’t happen)
  6. Know when to STOP! Just because bidding is exciting, you still want to make money doing it
  7. Crafting makes money as well if you ENJOY doing it. There are some really good sites to look at to see what can and can’t work.
  8. Be creative. If an item doesn’t sell the first time. Put it into a package deal to make it look more appealing, people like deals, the bigger the savings the better.
  9. When winning a storage locker; TAKE HELP! it’s fun but a lot of work.
  10. Last but not least; HAVE FUN! If it is stressful and not fun, then why do it? that’s what are 9-5 jobs are for.

 

Stay tuned …. I will keep you posted on my findings.

 

HAPPY BIDDING EVERYONE!

Money-Making Crafts

Money-Making Crafts

  Having the knowledge to start a craft business means following the same methods as for any other business. Knowing who your customers are is a first. What exactly do you want to market? Who are your competitors? Would people have a need for what […]