Friday, December 14, 2012
How to make money from a side-hustle with no initial investment
If you are interested in financial independence you have certainly considered different ways to supplement your income to achieve your goals as soon as possible. You've probably come across various articles about 'picking', storage unit auctions, estate sales, garage sales, and other sources where you can buy stuff to resell.
However, if you have very little extra money, it can be difficult or impossible to spend it speculating by buying stuff to resell. If you have no experience reselling it can be especially problematic, as you don't necessarily know what is a good buy, so it is a lot more risky to spend money hoping to resell.
The first thing you need to do is start doing some research so you have an idea of what things are worth, what they sell for, etc. I will be doing a post on this in the future, but suffice to say one of the best ways is to watch youtube videos of resellers.
The next step is to get some stuff to sell! And I have several ways you can do that without spending any money!
1. Constantly check the free section on Craigslist. In the past I have managed to make about 100 to 300 bucks a month exclusively from the craigslist free section. Mostly on small pieces of furniture, etc. I would pickup the free stuff and then list it right back on craigslist! It doesn't get much easier than that.
2. Garage Sale leftovers
I recently did a video on this tactic, so check it out:
<iframe width="560" height="315" src="http://www.youtube.com/embed/tkg6gqCbofU" frameborder="0" allowfullscreen></iframe>
3. Put the word out!
You will be amazed at how much free stuff you will get from people you know once they hear you are a re-seller. Most of it they just give you instead of throwing away or paying to get hauled off. Just make it known that you are willing to pick stuff up.
These techniques allow you to get stuff to sell with NO RISK! if it doesn't work out all you are out is a little time. Worst case scenario you donate it to goodwill and get a tax deduction!
All the free stuff you get can be sold on ebay, craigslist, or at a garage sale. See my post on how to have a kick-ass garage sale!
-The Money Monk