November 2009 Archives

Check out the Carnival of Personal Finance - The Thanksgiving Survival Edition Hosted by Fiscal Geek.  My entry for this Carnival is Ten Creative Ways to Boost Earn an Extra Income. It is worth the click just to see the cute Lego Thanksgiving picture.

Check out the Carnival for tips on living on one income, lots of Black Friday shopping tips and even some special tips just for Thanksgiving, like don't give away all of the leftovers.

Well, there won't be any leftovers at my house this year. We are going out to a swanky restaurant with scenic views of the bay followed by a hike, if the weather is nice. Usually we go away for Thanksgiving but as our kids are getting older it is hard to find places to go that everyone enjoys. Spending a week in a retirement community in Arizona to visit the grandparents is getting harder to pull off each year.  So this year we succombed to the path of least resistance and will have a relaxing, and hopefully whine free, holiday at home.

Ten Creative Ways to Earn an Extra Income

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bills.jpgMany of us are conditioned to think of earning our main income in one specific way:  we look for a job, get hired, and at the end of the week or month we get a paycheck.  For those with an entrepreneurial spirit, there are probably thousands of ways to earn extra money even when you don't have a regular job.  Here are a few suggestions to get you started on a journey of self employment, or at least maybe a little extra side income.

1. Repair Other People's Discards. If you are handy at fixing things, you can repair other people's trash and then resell the refurbished items. Robert Jessberger repairs other people's discards and as a result, "donates thousands of dollars' worth of goods he saves from the garbage to charity and neighbors every year. He sells what's left at an annual garage sale that has paid for him and his wife to go on seven cruises."

Jessberger is now in trouble because it is illegal where he lives to go through other people's trash. But perhaps all of you handymen and women out there could find a legal way to repair and sell other people's discards by going to garage sales, thrift shops and picking up unwanted items on Freecycle (www.freecycle.org). You know the old saying, one man's trash is another man's treasure.


2. Sell Refurbished Web Sites.
Go through the search engine search return pages looking for old sites that have been neglected and abandoned, make offer to buy them, spruce them up and then resell them for a profit at Flippa (www.flippa.com) or Ebay (www.ebay.com).

jewelry.jpg3. Sell Your Old Jewelry. Shop around at local pawn brokers for the best deal on selling your old gold jewelry or other gold items. Though a little more work, selling locally and getting competitive bids for your items is apt to pay much better than the web sites that have you mail in your items. For a list of places to sell your jewelry, check out the National Association of Jewelry Appraisers membership directory.


4. Write an ebook. Most people have at least a few things they know more about than other people. What is your specialty? Marking great salads, kid's soccer drills, car repair or raising dachshunds? If you have a subject you are an expert on, write an ebook, post it on Clickbank (www.clickbank.com) and pay web site publishers a commission to sell it for you on their web sites.

5. Sell your old gadgets. Visit sites like Gazelle (www.gazelle.com) and get paid for your old gadgets. Gazelle is interested in buying the following types of items:

  • Cell phones
  • MP3 Players
  • Digital cameras
  • Calculators
  • Lap Tops
  • Gaming Devices
  • External Drives
  • Games
  • DVDs

6. Sell Your Old DVDs. At sites like DVDPawn (www.dvdpawn.com) you can sell your old DVDs for cash.  You can enter the bar codes for your DVDs at their site and get a price quote immediately.

7. Create Web Sites to Sell. Make generic web sites for local businesses, like www.oaktownplumber.com. Fill them up with some unique plumbing articles, get some links and try to get them to rank in the search engines for terms like "oaktown plumbers". Local search terms are usually pretty easy to rank because the competition is so low. Then sell the sites on places like Flippa and Ebay, or offer to sell them directly to local plumbers.

8. Design T-shirts, mugs, and related gift type items. If you can make a cool design or think of a witty saying, Cafepress (www.cafepress.com) is a made to order site that sells items like buttons, T-shirts, mugs, etc. with your creation imprinted on the items. I have used them to buy niche hobby items for my family, like paintball mugs and mouse pads, that I couldn't find at a regular retail store.

9. Start a newsletter. If you have an area of expertise, start a newsletter on the topic. You can get subscribers through your own blog, web site or by paying for advertising through programs like Google's Adwords (adwords.google.com).

10. Make a directory. Start an online directory that people might find useful,  For example you could list all of the archery ranges, clubs and supply stores in Montana or all of the karate schools and teachers in Michigan. You could make money by placing ads on the directory, and once your directory is established you can charge businesses to be included.


Related Articles:

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Five Ways to Make Money Without Leaving Home - from Second Rotation, the company behind electronic recycling site, Gazelle.




Sam's Club vs Costco: Which is Better?

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From what I've read and my own shopping experiences, the prices are pretty similar.  According to a recent study in a local magazine, in my area you can save around 36% off retail grocery store prices by shopping at either warehouse store. Costco has an optical department that was highly rated by a leading consumer magazine for product quality, so in my myopic family we use them for prescription glasses and sun glasses.  Between the two stores located near me, Costco has by far the quicker check out lines, though the lines at Sam's Club aren't bad if you go during the off hours. Both stores have very similar product lines, though the Costco near me has a lot of organic items while the local Sam's Club has few, if any, organic products.

The big advantage to my local Sam's Club is their Click and Pull service.  It allows you to select products online and then send your list to your nearest Sam's Club with the click of a mouse.  Sam's Club employees put the items on your list in a cart. (I guess "pull" is warehouse lingo for putting items in your cart.) They email you when your cart is read for pickup, usually within a day.  They also create one sheet with a scan code for your entire order so you don't have to have each individual product rung up at the register, which also saves a lot of time. 

I think it is great.  It is like having concierge shopping service with warehouse prices.  I can't believe more people don't take advantage of it.  I asked recently at my local Sam's who used the service and they said it was popular with business owners.  I'm surprised more soccer moms and other people like me don't make use of it.  I'm trying to spread the word because I love it and I want them to keep the service going. By using my online shopping list, I can check at home which items I need so I don't order too much of any one item or not order something I'm out of.  It save me hours of going through their store putting items in my cart.  I think it saves money, too, because it cuts down on impulse buying.  The only additions I make to my cart when I get to the store are freezer and refrigerator items. Other than that, there is no shopping required anymore.  It is more like an order pick up instead.

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