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.
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