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Posts Tagged ‘Making money’

Mucho Moolah! Monday’s Money MAKING Tip!

Monday, June 1st, 2009

Today I wanted to remind some of you who may have forgotten, that summer is a great opportunity to make a little extra money. Yard sales are a wonderful way to earn a little extra money while simultaneously clearing the things you don’t want anymore out of your house! Maybe you don’t want that picture of the dogs playing cards any more, or maybe you have had a couple children, aren’t planning on anymore, and want to sell your maternity clothes and their baby clothes. It doesn’t matter, because anything you have that you don’t want can go into a yard sale!

We have had yard sales in the past, with very good luck. However, there are some “tricks of the trade” that you must be aware of when you have a yard sale. The first is simply to advertise. Not just with a cardboard sign at the end of your street, but with an ad in your local newspaper. You want to attract as much attention as possible. Your ad should feature a couple of your more abundant/higher priced items, and if you have a specialty item that will attract certain buyers, put it in there too! Trust me when I say that this is a small investment that will pay off. Your ad should also state the hours of the sale, and indicate whether or not you want “early birds” (i.e. people who show up 30-45 minutes early and try to make offers on things before you have the sale set up).

Now, on the day of the sale you should be aware that people will be there exactly when the ad said you would be open, and some of those people will be vendors from flea markets who will be looking for specific things, like gold or jewelry for sale. These requests can seem odd, so simply state your answer firmly and move on.

Another part of having a yard sale is bargaining. All items in the sale should have the price clearly marked on it, and it should be reasonable (or slightly above reasonable) to get the attention of the buyer. You need to expect to have to lower the price/bargain on all the items you are selling. These shoppers are out to get a deal, or they wouldn’t be at a yard sale, they would be at a store paying retail!

Believe it or not, it also pays to be friendly! Yard sale shoppers have been out shopping some days since 6 a.m., and by 11 a.m. they are tired. A friendly smile and cheerful small talk can go a long way to encouraging them to buy. Talking to them also helps you learn about them and their likes, which helps you steer them toward specific things you have that they might want to buy!

So say you either don’t want to have a yard sale or don’t have time to have a yard sale. Well, then I suggest you gather up any clothes/accessories you don’t want and take them to a consignment shop to sell! They are fast, usually offer a fair price (considering the items are used) and you get to clean out your closet! If you are a little more ambitious, I would say to sell any items you want to get rid of on ebay or at the Amazon Marketplace. You should be aware however, that you will need a Paypal account to operate on Ebay with any amount of success.

So, there you have it! Yard sales (either online or actually IN your front yard) are a great way to make some extra money this summer. Yard sales happen on your terms. They require only a very small, if any, up front investment and help motivate you to clean out your house! They are a perfect way to come up with a little spending money for vacation or to pay for the materials for a home improvement project!

On a personal note, Jerrill and I had a wonderful vacation. Lots of time together, good conversation, spent time with friends and, in general, goofed off! We love spending time together…the more, the better! Unfortunately, we didn’t remember to take many pictures, so I am only posting one!

Mucho Moolah! Monday’s Money MAKING Tip! Become a tutor!

Monday, May 11th, 2009

Today’s tip, as I am sure you noticed from the title, is not a money “saving” tip, but rather a money “making” tip! I thought that it was about time I included some ideas for people to make extra money since the summer is coming up, and, most of us like to get out and do more in the summer. There are cookouts, concerts, watersports etc. that we want to participate in and might need more cash to be able to pay for them. So, today’s tip is to become a tutor!

The first thing you should know is that to be a tutor, you need to be proficient in a particular area of study. This doesn’t only mean math or science, because high schools and colleges offer many more subjects then just math and science. On top of english and social studies classes, students take computer/tech classes that they would need help with, as well as engineering classes, excercise science, language etc. If you are someone who has a proficient knowledge in these areas, you can tutor too!

There are many different ways to become a tutor, and the income that you can make from this extra job isn’t bad. The easiest way to “get your foot in the door” is to approach high school teachers from a local high school or college professors from a local college and ask if they would pass on your information to any students looking to be tutored. Also, put your name on the bulletin boards located in the high school and the buildings on the college campus dedicated to the field you are proficient in. If there isn’t a didecated building, then post your information where the offices for the professors in that field are located. There is usually a bulletin board there as well! Either way, all that is required of you is a little leg work, and maybe printing up some business cards (listing your qualifications would be advised). To do this, you should know that the legal way to go about it is by obtaining a business license and then paying taxes every year (sometimes quarterly, I think, but you should check with an accountant for advice). Tutors who are on their own can charge anywhere form $25-$50 an hour, depending on where you live.

Another approach to becoming a tutor is to register with an online website. There are many different tutoring websites out there, and not all of them are reputable. I have found a couple that seem to be “above board”, and they are Tutor.com, and Tutoring Club. So, you apply for a job/register for a franchise on these websites, but they are a great tool because you don’t have to work as hard to find the tutoring clients since these websites have already built up a client base!

So, this is the first of the new addition of money “making” tips! Tutoring is a wonderful way to make extra money, since it is a job that usually is in demand between 4 – 11 P.M., which means for most of us, it won’t conflict with our primary job! It also gives you the opportunity to connect/network with people in your community and help children reach their potential in a given field…and for an extra job, what could be better than that?