Creative And Legal Ways To Make Money

There are creative ways to make money that do not involve getting an expensive degree in physics or law and many of them may not have crossed your mind.

Second Hand Products can be Profitable

Many second hand books can be valuable when sold on an auction side like eBay or Amazon. Download a free ISBN scanner to determine what the price of a book is in a second hand store or charity shop. Many books are sold for less than a pound, but can be sold for a hundred percent profit. However, be discreet. The same can be done for used DVDs, some of which can be purchased for as little as £0.50 pence in second hand stores or pound shops.

Bargain Hunting at Car Boot Sales or Charity Shops

If you are knowledgeable in the areas of action man figures, Mexican silver or fine china you may be able to bag a fantastic item at a low price and sell it online for a profit. Gemstone jewellery is also a good investment if you can buy it at the right price. Garage sales are a great place to pick up a bargain.

Incredible Deals at Police Auctions

Many items are handed into the Police station and never picked up by their owners, which means that these items are sold at auction. Many items of jewellery can be purchased at a good price and can make you a tidy profit.

Ratty or Bruised Furniture

You may have an eye for quality furniture that does not look its best. This is a great way of making money as it may be carved from an expensive wood and only requires a refinish. Invest in sandpaper and wood stain and get the piece looking brand new, which will make it look attractive and more likely to sell.

Rescue Battered Wood

If you find cheap (or free) pallet stock at a construction site or situated around a building under renovation, kiln dry the pieces to restore them back to their former beauty. Advertise this as reclaimed wood, which will raise its value significantly. Alternatively, it can be carved into stylish furniture.

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Medical Study Participation

There are always new drugs that need testing before they are safe for public use and medical study participation can be a good way to make some extra money. Browse some medical websites to discover more. There may be set guidelines, for example some studies look for subjects who have suppressed immune systems, are on a contraceptive pill or smoke. Some studies can pay up to several thousand pounds.

Focus Group Study

Some websites look for subjects who can participate in a study on a variety of subjects, including shopping, cosmetic surgery or slimming. You will have to sign up to the website and register your interest; however, these studies can pay up to £50 per hour.

Manipulate Profit on the Currency Market

Forex is a good way to make a profit, if you desire to learn about currencies. However, the currency market changes every second and is very competitive. However, do your research and learn about forex to gain the best chance of succeeding.

Advertise on Your Car

Some companies will pay you for advertising their product or service on your car. This is called car wrapping and could land you with an extra hundred pound or two each month.

Sell Photographs – Legal Ways To Make Money

If you have a decent camera and a good eye for detail, you could make extra money from photography. You can set up your own website and advertise your pictures with a watermark, which will be removed upon purchase, or there are photography websites where you will be able to sell your photographs for free and pay only a small percentage of your sale to the website owner.

Sell T-Shirt Designs

If you are a good artist and like to draw, why not consider uploading your art to a t-shirt designer where you can make a sale when your design is used. Some great examples of such websites include CaféPress or SpreadShirt.

Kay Brown is a writer who is always on the lookout for new and innovative ways to make money. She believes that learning about forex can be profitable but there are other smart ways to invest. Image source: Ashanti Furniture

Comments

  1. Cathy Y. Savage says

    Listing books one-by-one on eBay* may get the most cash, but it’ll take some time. One of the best options for selling old books is Amazon* Marketplace, as you only need to search for the book and write a short description. Your listing will stay up until it sells. Amazon provides full reviews of most books from its database – if you’re listing a few in one go, this saves time. It automatically adds £2.80 for delivery, so ensure your sale price covers postage if it’s a heavy tome. Amazon charges 86p when your book sells, plus an extra 17.25% on top (see a full list of Amazon fees ). Also popular with MoneySavers is online second-hand bookshop Green Metropolis , which is especially good for old paperbacks. All books cost £3.75, of which the site pays sellers £3. The £3 must cover your postage costs too, although you’re allowed to add an extra fee for heavy books. Use trade-in sites for less hassle. If you need speed and ease, trade-in websites let you enter details, they offer a price, and you post goods free. For books, two of the best are WeBuyBooks.co.uk and Amazon Trade-In* . But prices are usually lower than selling them yourself. For more on how Amazon Trade-In prices compare to other methods, see the Amazon Trade-In launches MSE News story. See the Quicker cash for old CDs, books, etc section for a full list of trade-in sites.
  2. says

    In every currency pair traded on the Forex market, the first currency is known as the “base currency”, and the second one is known as the “quote currency”. The currency pair expresses how much of the second currency is needed to buy one unit of the base (first) currency. If you buy a currency pair (rather than selling one), what you actually do is buy the base currency while simultaneously selling off the quote currency. If you sell the currency pair, of course, that means you have bought quote currency and sold off the base currency. When it comes to trading currency pairs, the listed bid price, or purchase price, indicates how much of the quote currency you’ll require to get one unit of the base currency. The listed ask price, or sell price, for a currency pair indicates how much you’ll receive in the quote currency by selling one unit of the base currency.
  3. says

    There are only a few grandfathered “High Prim” islands, which are otherwise identical to regular islands but have a higher limit set in the server software. They can be resold but are rarely available for purchase.
  4. Lidia H. David says

    of the foreign exchange transactions are speculative. In other words, the person or institution that bought or sold the currency has no plan to actually take delivery of the currency in the end; rather, they were solely speculating on the movement of that particular currency. Hedge funds have gained a reputation for aggressive currency speculation since 1996. They control billions of dollars of equity and may borrow billions more, and thus may overwhelm intervention by central banks to support almost any currency, if the economic fundamentals are in the hedge funds’ favor.
  5. Carmen O. Small says

    A very simple example would be if somebody sold a second-hand asset at a profit. This transaction is not recorded in gross product measures (after all, it isn’t new production), nevertheless a surplus-value is obtained from it. Another example would be capital gains from property sales. Marx occasionally refers to this kind of profit as profit upon alienation, alienation being used here in the juridical, not sociological sense. By implication, if we just focused on surplus-value newly created in production, we would underestimate total surplus-values realised as income in a country. This becomes obvious if we compare census estimates of income & expenditure with GDP data.
  6. Rosie N. Weiss says

    The downfall in this system began on August 17, 1998, when Russia defaulted on its ruble debt and domestic dollar debt. Because the markets were already nervous due to the Asian financial crisis , investors began selling non-U.S. treasury debt and buying U.S. treasuries, which were considered a safe investment. As a result the price on US treasuries began to increase and the return began decreasing because there were many buyers, and the return (yield) on other bonds began to increase because there were many sellers (i.e. the price of those bonds fell). This caused the difference between the prices of U.S. treasuries and other bonds to increase, rather than to decrease as LTCM was expecting. Eventually this caused LTCM to fold, and their creditors had to arrange a bail-out. More controversially, officials of the Federal Reserve assisted in the negotiations that led to this bail-out, on the grounds that so many companies and deals were intertwined with LTCM that if LTCM actually failed, they would as well, causing a collapse in confidence in the economic system. Thus LTCM failed as a fixed income arbitrage fund, although it is unclear what sort of profit was realized by the banks that bailed LTCM out.

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