Have Your Money Work For You

This is one of the things that the wealthy do to stay wealthy. Instead of working for money they have their money work for them.... How can you do that some at home will likely be asking at this moment. Well there are numerous ways and we are gonna take a look at some of those today.

Flipping Goods

Essentially when you are flipping goods you are investing your money in something short-term with the anticipation of reselling it later for a profit. This is probably most commonly done with houses and cars. In this economy it has become extremely risky to risk houses because people simply cannot afford houses these days. A ton of people got burned around the start of the recession as they had money tied up in houses intent to resell only to see the values sink like a stone.

So what do you do to make money flipping goods in this economy? Well you have to think about the mindset of your intended customer. With the way people are hurting for money you need to try and find things that are gonna lead to people saving money. Right now one of the hottest tickets is to buy cars or vehicles that are great on gas. Everybody is looking for those vehicles but if you can keep your eye open there are major deals to be found especially on sites such as Craigslist. Gaming systems and games are also another area where people are buying used on Ebay instead of paying insane prices at the store.

Investing

No matter how little the amount people need to be investing their money. There are people sitting at home thinking that the stock market is in the toilet why should they invest their hard earned money? This happens in every downturn throughout history. At times when the economy is at its lowest is when the rich invest and make their fortunes. Like they always say you buy low and sell high. If you have the money to stick into investments with the understanding that it is a long-term investment you will make money because the stock market is gonna rebound and when it does everybody who is buying now is gonna stand to make a good sum of money.

Low Cost Startup Businesses

If you are business savvy and know how to deal with people then there are many low cost startup businesses that you can put together and manage without even having to do any of the work. Essentially you will be putting up your own money to buy supplies and dealing with customers and contractors. Then you go out and find some reliable people to work for you on this project and split the money.

For example a small business cleaning company has a real low initial startup cost. Essentially all you need are basic cleaning supplies and equipment that many people even already have at home. A smart person with connections can go out and lineup enough offices and houses to clean on a regular basis to keep some workers making part-time or even full-time wages while earning you a share of the profits as well just for setting it all up.

Work For Yourself

A main principle that I always try to keep in mind when thinking of new ways to make money is just to do things for yourself. If you look around you won't find too many wealthy people that got that way by working for somebody else. Just stop and think about that for a second. If you are working for somebody else then they are making money off of your time and skill.

That idea is the same whether we are talking about working a regular job or even here online. Rather than writing for some of these websites and making peanuts go out and do it for yourself. Dish out that money to get your own website rolling or even start up a free blog. If you put in the effort you can make money online using free sites such as blogspot. Just do the research and work and it will pay off down the road.

But if you do go about starting your own blog or website my advice would be to try and find a niche topic that has little competition. You can use the Google Adwords Keyword Tool to help you figure out what kind of interest it gets from advertisers. If you go to Google and type in something like making money then you may get a billion search results. But there are specific topics that you could search for and find 80,000 search results and those are the kind of topics you want in my opinion. I would rather be on the first page of Google for a small topic than the ninth page of Google for a bigger topic.

Make money online with eBay

One way to make money online that we have yet to discuss is through eBay. You would be amazed at what some of the things laying around your house is worth. In the coming days I will be listing off things I have sold and made considerable profit on eBay.

The first thing I will mention is old video games or vintage video games as you will call them once your selling them and making money online. Some of your older games for the Nintendo and Sony game systems are worth a good deal of money. You have to do the research to find out what they are worth before you just start buying the games for resell. You can usually find some good bargains at pawn shops and yard sales if you know where to look for these sort of things.