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extra money ideas

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Piss Poor

Piss Poor

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not interested in getting a second job- not going to slave labor my life away, but would like to find a way to earn a little something outside of work that's not back breaking.

I'm thinking of starting a ebay business sort of, just buying and selling and see how it goes- anyone here that has tried this and with success or is it a waste of time.

or is there other alternative ways that you earn extra money.
 
What kind of ebay business?

Making money through ebay isn't rocket science, you just have to have something to sell that people are (a) wanting to buy, and (b) willing to pay more than it cost you.

I'm not convinced that buying and selling on ebay is a money spinner - unless you spend hours and hours a day on there - in which case you could just get another job. I mean if you buy a HDMI cable for example $5 on ebay I'm unlikely to buy it from you for $10 through the same site. If I want it immediately I'll go to JB, if I want the best price I'll just buy one from your original seller. Etc.

I (as someone who does none of these things, FYI) think the way to make easy money from home is to work out which marketable skills you have and how you can best incorporate them into what you already do. Can you repair things? Can you paint? Can you sew? Etc.

The big reason housewives make money from baking cupcakes, making kids clothes etc. is that not that they're revolutionary but that the time they are using to work is already accounted for. They aren't spending 40 hours a week watching the kids then finding 20 hours to bake, they're factoring the 20 into the original 40.

E.g. If you have a lawn and a lawnmower you're going to mow the lawn once a fortnight or whatever anyway so if you do it for the neighbours as well you might make $20 for little extra effort and no capital outlay. Do it for two neighbours and its $40. Etc.

You can make a killing selling things online due to the low overheads of e-commerce, you just need to find a gap in the market.
 
Yeah, 'a penny saved is a penny earned' does hold true. Each dollar saved is a dollar available to spend, each extra dollar earned is effectively 60-80c to spending depending on your tax bracket.

If you're giving up a night of going out each week to pocket the $50 or whatever it is you would spend you have to ask what you will use it for and whether it's worth it. "YOLO" (:rolleyes:), so you don't want to spend your life at home watching The Bill every Saturday night to save a few beans.
 

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Scotland said:
Yeah, 'a penny saved is a penny earned' does hold true. Each dollar saved is a dollar available to spend, each extra dollar earned is effectively 60-80c to spending depending on your tax bracket.

If you're giving up a night of going out each week to pocket the $50 or whatever it is you would spend you have to ask what you will use it for and whether it's worth it. "YOLO" :)rolleyes:), so you don't want to spend your life at home watching The Bill every Saturday night to save a few beans.
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yeah agreed. but still though man. Yolo needs to be maximised (length of life is correlated with the ability to survive right? which means saving.. ) :)
 
Piss Poor said:
not interested in getting a second job- not going to slave labor my life away, but would like to find a way to earn a little something outside of work that's not back breaking.

I'm thinking of starting a ebay business sort of, just buying and selling and see how it goes- anyone here that has tried this and with success or is it a waste of time.

or is there other alternative ways that you earn extra money.
Click to expand...

I had an eBay business for a year and a bit, definitely profitable but you need to put in a lot of hours searching for genuine suppliers. The issue is that most suppliers aren't willing to deal with very small businesses as it wastes their time, and because eBay is generally a place people go for lowest prices, you won't be successful if you are reselling retail items.

Having said that, I managed to find a few profitable lines and am now branching out into a website/online business selling only those products. So yeah, it is possible, you just have to be willing to search hard for profitable, niche markets where you can find a quality supplier who sells at a low enough price.
 
also with ebay...all the packaging and posting takes a shitload of time and costs money...sometimes by t he time u get the thing away u make jack shit compared with the time u put in. it can be a pain in the arse for very little reward
 
I know I'm new and I'm giving CPR to a dying thread, but...

Freelance. Plenty of ways to do it, schedule your own hours, work only on things you have interest in. Pay isn't always that great and the work isn't reliable, but hell, you can do it sitting on your couch with a beer in hand if you can get it. You can make a couple thou a year doing 10, 15 hours a week in your off time.
 
Scotland said:
Working hard is good, but working smart is better.
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I vote hard....being smart usually means looking for angles that are not there...finding part time/casual work on the other hand ...go to an labour hire company maybe see if they have something for you on your days off ...cabs part time ..fruit picking...you get your hands dirty but it's a means to an end.
 
The Dice Man said:
This is something I've been thinking abouy for a while. I live in France and the price difference here on products compared to oz is insane. I'm sure there is a niche I can find selling genuine French goods to insane rich housewives.
Click to expand...

How about this.... ".... there is a niche I can find selling genuinely good French housewives to insane Richmond supporters"?
 

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I am working on my personal blog and promote some affiliates to make little money, including DinoDirect.
 
I have run an eBay business for over 6 years now, and made quite a bit of money from it. Started while I was working a full time job too.

Started with a simple $300 investment as a trial. Made some money, so I invested another $2000 and then just reinvested all profits back into the business for 2 years. This generated about $10-15K worth of stock.

I then took a redundancy package from work and invested $30k into the business (25k stock, 5k website, computer, desk, shelving), worked on the business about 25 hours a week and earned enough to live off for a year. But I found banks would not lend to me for a mortgage unless I had a full time job or had the business running full time for 5 years. So 3 years ago I went and got myself a full time job, and continued spending about 15 hours a week on the business.

Now I dont invest a cent. All cost prices of stock is rolled back into the business for more stock, and have my processes down pat so it takes me 2 hours a day 6 days a week to run the business, which generates about 70k turnover, and 25k profits. Not massive, but thats my choice. I have no more room for stock, and am building a new house with a large rumpus room for it all. Once I have that I can reinvest the money froom the business to increase available stock, and increase sales. I have watched people start small, and build to the point where they have a warehouse, 2 employees, and sell over 300 items a day. Internet sales is the way of the future - you can sell to anyone anywhere in the world.


The hardest part is finding something to sell. Not only does it need to be something profitable, it needs to be something you can store at home or dropship. I dont like dropshipping. Customers want to ask questions about items and its hard to help them if the item isnt there with you. Most importantly it needs to be something you are passionate about. A guy who hates cars would not enjoy selling car parts for example, and you need that enjoyment to stay focused and drag your arse to the computer chair every day and work using nothing but your own free will. No boss telling you what to do.

Many suppliers wont set you up an account unless you have your own shop front or your own website to sell from either. But I would recommend an eBay business any day of the week
 
Pilchard_Adams said:
I have run an eBay business for over 6 years now, and made quite a bit of money from it. Started while I was working a full time job too.

Started with a simple $300 investment as a trial. Made some money, so I invested another $2000 and then just reinvested all profits back into the business for 2 years. This generated about $10-15K worth of stock.

I then took a redundancy package from work and invested $30k into the business (25k stock, 5k website, computer, desk, shelving), worked on the business about 25 hours a week and earned enough to live off for a year. But I found banks would not lend to me for a mortgage unless I had a full time job or had the business running full time for 5 years. So 3 years ago I went and got myself a full time job, and continued spending about 15 hours a week on the business.

Now I dont invest a cent. All cost prices of stock is rolled back into the business for more stock, and have my processes down pat so it takes me 2 hours a day 6 days a week to run the business, which generates about 70k turnover, and 25k profits. Not massive, but thats my choice. I have no more room for stock, and am building a new house with a large rumpus room for it all. Once I have that I can reinvest the money froom the business to increase available stock, and increase sales. I have watched people start small, and build to the point where they have a warehouse, 2 employees, and sell over 300 items a day. Internet sales is the way of the future - you can sell to anyone anywhere in the world.


The hardest part is finding something to sell. Not only does it need to be something profitable, it needs to be something you can store at home or dropship. I dont like dropshipping. Customers want to ask questions about items and its hard to help them if the item isnt there with you. Most importantly it needs to be something you are passionate about. A guy who hates cars would not enjoy selling car parts for example, and you need that enjoyment to stay focused and drag your arse to the computer chair every day and work using nothing but your own free will. No boss telling you what to do.

Many suppliers wont set you up an account unless you have your own shop front or your own website to sell from either. But I would recommend an eBay business any day of the week
Click to expand...

Sorry to resurrect but I only just read this post. Do you find ebay/paypal fees kill your profits? Every time I sell on ebay I find the double fees are a killer.
 
Nightrain said:
Sorry to resurrect but I only just read this post. Do you find ebay/paypal fees kill your profits? Every time I sell on ebay I find the double fees are a killer.
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Yeah totally. Its a joke how much fees you pay on eBay. I go through $500-$1000 ebay fees a month, and $200-400 in paypal fees. These are claimable through tax, but then you also lose 10% GST and with an eBay business, you cant just raise product prices to cover GST because then your prices arent as cheap as other sellers and you lose sales.

My eBay fees are lowered because I pay for a store, so listings are only 5 cents per month. But yeah, without GST and other fees I could live off this business.
 

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