How to Make Money by Thinking Outside the Box:
“People are not lazy. They simply have impotent goals – that is, goals that do not inspire them.” -Tony Robbins
With all of the popular auction sites out there, there are plenty of opportunities to make money. Some great ways to make money on these sites include: making crazy auctions, mystery auctions, and of course selling your normal created or purchased products.
Making crazy auctions can be hilarious & profitable. It seems as if almost everyone has heard of some crazy auction that has sold for thousands on eBay®. Want to sell advertising space on your forehead for a year? Some people do (as well as on other body parts, cars, houses, etc.) and make a ton of money doing it. Or how about selling a grilled cheese sandwich that has the image of the Virgin Mary on it? Yes-it has happened and it reportedly sold for $28,000! What about a one hour chat with….you? If you use your imagination & a little creativity, you could create a wild auction that nets you thousands of dollars. As long as it is legal & complies with the auction site’s selling policies- who knows how much you could make? It may even get picked up by the media, which would increase your chances of making even more money!
Another great way to make money with auctions is by making mystery auctions. Mystery auctions can allow you to sale several products at one time, and make a profit in the process. To do this, just get a few items together, make a fun (and mysterious) auction listing, and see what happens. If you need some ideas of how mystery auctions work, look at some on eBay® by searching for “mystery auctions.”
They key to being successful with a mystery auction is to get some products for resale, make a great and entertaining listing, and throw in enough products to make the winning bidder happy, while still making yourself a profit in the process. Also, sites like eBay® have strict policies on their mystery auctions, so make sure you comply with these policies to avoid any problems.
UPDATE: eBay at this time has discontinued Mystery Auctions, but there are still plenty of ways to generate cash doing similar methods.
Obviously, you will also want to take advantage of the popularity of auction sites like eBay® to resell any purchased inventory, or products that you have made. Just like with a website, you can sell practically anything as long as it is legal & adheres to selling policy guidelines.
Again, even if you don’t have a product to sell starting out, you can make your own or quickly buy some for resale. You could sell unwanted coupons or gift cards, recipes, cheat codes, information, home-made candles or t-shirts, pictures- anything you can come up with! Also, you can use different eBay User ID’s for the different types of products you sell.
Don’t have time to develop your own product? Who cares! You can buy ready-to-sell eBook rights, software, and much more. I have literally paid as little as $2.99 for an eBook with resell rights, and then turned around and made hundreds and sometimes thousands from just that one little eBook. That is a pretty good investment, huh?
Don’t Have money to start?
As the famous saying goes “it takes money to make money.” This is true in many instances, but the greatest part about making money online in today’s world is that it doesn’t always require a huge “out-of-pocket” expense. Of course, buying items for resale can cost money up-front, but most of the other methods in the e-Book can be done with little or no up-front cost.
To start making money fast & with no up-front cost, you can do 2 basic things: create & start selling your own products (crazy auctions, etc.) or start selling any personal stuff that you no longer want or need. For example, you could sell unwanted gifts, or some old DVD’s, video games, clothing, books, CD’s, etc.
When you list these items for sale on eBay, you will be charged a listing fee. This fee, however, is not due until your account invoice due date (usually eBay bills you for fees monthly). So you could make or find an item to sell, create a listing, sell the item, and make money- without even having paid anything yet. With the money you make, you can then pay for your fees, buy some resale products, buy a domain, or start building a website, etc.— and make even more money!
Also, don’t underestimate the amount of money you could make selling your own personal items that you no longer want. I was able to make about $3,000 just off of things I no longer needed/wanted. It is amazing how $5 here and $30 there can add up to hundreds & then thousands!
Final Word on Making Money Online:
Thanks again for viewing this online eBook on WildTips.com. You can succeed! There are almost unlimited ways to make money online. If you can learn to see all of the opportunities in the world with new eyes, then you can truly take advantage of all that life has to offer. Just work hard, learn from failures & mistakes, and never give up, and most importantly—HAVE FAITH!
Always remember the individuals who came from nothing, and defied all odds to make it to the top or to create enormous wealth (such as Thomas Edison, John D. Rockefeller, Andrew Carnegie, Steve Jobs, Daniel Ludwig, Ross Perot, Richard Branson, etc). These people refused to accept failure, worked hard, learned as much as they could in life & business, and changed the world in the process!
Also, please remember to be honest, and keep the selling legal. Be sure to follow any applicable laws, regulations, auction policies, and to pay any potential taxes. Good Luck & God Bless!
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Posted under Make Money, Making Money, eBay, eBooks
This post was written by Ben on May 28, 2009
