Making money easily

[trainstand]

One can make a bit of money by selling some types of used merchandise online, such as used games. I was thinking of hearing your thoughts of what are other types of goods that can be bought then sold off for profit online? If there's any other steps involved such as the goods being broken and then fixing them by own hands before selling (effectively a sort of "job") or having to travel a bit/search out the right customers then that doesn't disqualify them from being posted in this thread.

 

[BUTCH1]

Used games are already all over Ebay, what are you going to "fix" and resell, appliances?, cars?

 

[SkullWalker]

You really need to find your niche - what do you really like, know a lot about or in which field do you have many contacts?

I would say identifying your niche is the most crucial think to do.

 

[rudeguy]

If I told you, I would no longer have my own niche.

So used games is a great idea!

 

[mrrman]

I am reselling cars at the moment...I am currently rebuilding a 67 Firebird and once that is done( by month end) I will sell it for about $32K then I will start on this project:

http://www.factoryfive.com/kits/gtm-supercar/

I have a potential buyer for my 1stGTM already...about $65k+

I look for muscle cars ( 67-67 Camaros, Firebirds, etc) and redo these. Keep in mind I will have about 16K invested before I flip these. Typically I gut the whole car and install a brand new interior. My 67 has all new metal on it to so this car will look sweet when its done. It will be Porsche red with a black interior and it has a 455 in it.

PS This is not easy work though...it takes time and patience

 

[Vdubchaos]

I am reselling cars at the moment...I am currently rebuilding a 67 Firebird and once that is done( by month end) I will sell it for about $32K then I will start on this project:

http://www.factoryfive.com/kits/gtm-supercar/

I have a potential buyer for my 1stGTM already...about $65k+

I look for muscle cars ( 67-67 Camaros, Firebirds, etc) and redo these. Keep in mind I will have about 16K invested before I flip these. Typically I gut the whole car and install a brand new interior. My 67 has all new metal on it to so this car will look sweet when its done. It will be Porsche red with a black interior and it has a 455 in it.

PS This is not easy work though...it takes time and patience

I met a guy at limerock that build # of these and owns one himself. His name was Alan.

All of the above requires certain amount of knowledge and experience.....I think that's what OP needs to realize/learn.

 

[BUTCH1]

I am reselling cars at the moment...I am currently rebuilding a 67 Firebird and once that is done( by month end) I will sell it for about $32K then I will start on this project:

http://www.factoryfive.com/kits/gtm-supercar/

I have a potential buyer for my 1stGTM already...about $65k+

I look for muscle cars ( 67-67 Camaros, Firebirds, etc) and redo these. Keep in mind I will have about 16K invested before I flip these. Typically I gut the whole car and install a brand new interior. My 67 has all new metal on it to so this car will look sweet when its done. It will be Porsche red with a black interior and it has a 455 in it.

PS This is not easy work though...it takes time and patience

I read the "what you will need" section, finding a "donor" corvette for all these parts might be difficult unless you can locate one that's been totaled in an accident, sweet car when done right though.

 

[HardcoreRobot]

if it was easy, everyone would be doing it

 

[mvbighead]

The quick and dirty of it all is finding something that is heavily discounted for a problem that is easily repairable.

As mentioned above, one of the best examples is cars. Take a car with a blown head gasket. In some cases, the value of that car in working condition can be $3000, whereas people often unload them 500-1000 when they have that problem. If you're at all handy, you can fix that problem for a few hundred, turn around and sell it for at least $1000 premium.

Granted, you have to know what you're doing, but the idea is that if you know how to fix something of value, your odds of making a profit are higher. If you know how to fix a $100 trinket, you're going to have a move a lot of them to net enough income to make it profitable. With cars, you just need to move an item a week or so for a good income.

And, this isn't an easy thing to do. But the idea being that if you want to have a sustainable income, it has to be something that people need and will pay for. Cars are one of the best examples of that.

 

[trainstand]

The quick and dirty of it all is finding something that is heavily discounted for a problem that is easily repairable.

As mentioned above, one of the best examples is cars. Take a car with a blown head gasket. In some cases, the value of that car in working condition can be $3000, whereas people often unload them 500-1000 when they have that problem. If you're at all handy, you can fix that problem for a few hundred, turn around and sell it for at least $1000 premium.

Granted, you have to know what you're doing, but the idea is that if you know how to fix something of value, your odds of making a profit are higher. If you know how to fix a $100 trinket, you're going to have a move a lot of them to net enough income to make it profitable. With cars, you just need to move an item a week or so for a good income.

And, this isn't an easy thing to do. But the idea being that if you want to have a sustainable income, it has to be something that people need and will pay for. Cars are one of the best examples of that.

Great post! For those wondering I know someone from Mexico who buy used/broken comps from USA, fix them and sell them for great profit in Mexico. So yeah, I'm exploring niches.

 

[Nintendesert]

Depending on how the Supreme Court rules, you might not have the right to resell anything anymore.

 

[Vdubchaos]

The quick and dirty of it all is finding something that is heavily discounted for a problem that is easily repairable.

As mentioned above, one of the best examples is cars. Take a car with a blown head gasket. In some cases, the value of that car in working condition can be $3000, whereas people often unload them 500-1000 when they have that problem. If you're at all handy, you can fix that problem for a few hundred, turn around and sell it for at least $1000 premium.

Granted, you have to know what you're doing, but the idea is that if you know how to fix something of value, your odds of making a profit are higher. If you know how to fix a $100 trinket, you're going to have a move a lot of them to net enough income to make it profitable. With cars, you just need to move an item a week or so for a good income.

And, this isn't an easy thing to do. But the idea being that if you want to have a sustainable income, it has to be something that people need and will pay for. Cars are one of the best examples of that.

You are still taking a HUGE risk buying a car and assuming "head gasket" is the only issues.

Would be hard to find any other issues when the car is in the none working condition hehe

 

[mvbighead]

You are still taking a HUGE risk buying a car and assuming "head gasket" is the only issues.

Would be hard to find any other issues when the car is in the none working condition hehe

While that is indeed true, if you know what you're doing, there is money to be made there.

A car in running condition is generally worth 1000-2000 more than a car that isn't.

And while it's a huge risk, one need be mindful of what they're doing. You don't buy the first rust bucket you come across. Just wait, find something with that specific problem (or something else you can tackle yourself), and find cars that people are eager to unload. Just make sure the value is there once the car is repaired.

IE - If the truecar/KBB value of the car in fair condition is 3000, and the seller is asking 500, that leaves you a good window to make the necessary repair and sell at a profit. The key thing is knowing what you're doing and fixing what needs fixing as reasonably as possible.

 

[manimal]

I am reselling cars at the moment...I am currently rebuilding a 67 Firebird and once that is done( by month end) I will sell it for about $32K then I will start on this project:

http://www.factoryfive.com/kits/gtm-supercar/

I have a potential buyer for my 1stGTM already...about $65k+

I look for muscle cars ( 67-67 Camaros, Firebirds, etc) and redo these. Keep in mind I will have about 16K invested before I flip these. Typically I gut the whole car and install a brand new interior. My 67 has all new metal on it to so this car will look sweet when its done. It will be Porsche red with a black interior and it has a 455 in it.

PS This is not easy work though...it takes time and patience

Cool stuff!! Make a build thread and show us some picts in garage! We could use moar gearheads!

 

[amdhunter]

iPods and iPhones...duh

 

[SkullWalker]

I am reselling cars at the moment...I am currently rebuilding a 67 Firebird and once that is done( by month end) I will sell it for about $32K then I will start on this project:

http://www.factoryfive.com/kits/gtm-supercar/

I have a potential buyer for my 1stGTM already...about $65k+

I look for muscle cars ( 67-67 Camaros, Firebirds, etc) and redo these. Keep in mind I will have about 16K invested before I flip these. Typically I gut the whole car and install a brand new interior. My 67 has all new metal on it to so this car will look sweet when its done. It will be Porsche red with a black interior and it has a 455 in it.

PS This is not easy work though...it takes time and patience

I would also add that the second biggest risk (or maybe even the first) is associated with all those investments you need to make when obtaining all the needed tools.

And don't forget you also need a garage or other spaces where you can do this.