How to make money from wanted ads.
65Are you looking for a way to make some extra money from home but don't know where to start? Are you consistently left dissapointed and broke from all the "get rich quick" schemes, pyramid or multi-level marketing programs out there that promise the world but never deliver? If you answered yes to either of these questions it may be time for you to start thinking about how you can go about creating your own money making system.``
I myself have tried a lot of the "make money from home" programs with little or no success. Although there are some genuine programs out there it is near impossible to know which ones will make you money and which ones are set up by unscrupulous people who will take your money and time for some "miracle cash generating system" which does not make you a dime in profit. I also tried selling on ebay, I found it quite difficult to make a profit as an average joe like myself could never compete with the big companies selling the same products, this was only compounded by the high listing fees and the money lost on items that didn't sell, so again I was losing money!
It was this experience on ebay that got me thinking, I knew that there were a lot of people out there buying millions of items on ebay everyday, but what about those that could not find what they were looking for ? Where would these people go next ? Most of us looking for a particilar item online will search for it on ebay first, they are the market leader after all, but a big percentage of people have neither the time nor knowledge to source an item online if there search on ebay is not fruitful. That's when it dawned on me, why spend time trying to find the most popular items to sell on websites like ebay only to be fleeced with listing fees, final value fees and paypal fees, and that is if my items even sold at all, when there was a whole world of potential customers coming to ME! Where do people go when they want to buy a hard to find item ? Wanted Ads, thats where, so I set about browsing my local classifieds for the most popular wanted items . Here are a few popular online classified you may want to have a look at :
Once I found a niche market, mine happened to be rare tv shows, movies, etc., my next step was to spend some time searching numerous search engines for websites and suppliers of these tv shows and movies. So now I had my potential customers and my suppliers, I was ready to start my business.
I figured my time and effort in sourcing these items for my customers was worth about 10% commission, so I simply added this to the price of the item, so lets say somebody places a want ad looking for a hard to find tv show on dvd, you search the web for this at the best price you can get it, you get a price of $45 with $5 p&p charges, so it costs $50 in total, add on your commission, you can choose this, I usually charge between 10-15% depending on how difficult it is to source the item, so simply add your commision, 15% which is $7.50, this brings the total to $57.50. You reply to the want ad quoting this price and also including details about postage and packaging, quality of item, etc. If this is accepted, give the customer your payment details, if you plan on accepting paypal payments make sure you add the paypal fee to the total cost of the item along with your commission. When you receive payment only then do you order the item giving instructions to have the item posted to the address of the customer, not your address, this ensures that your customer receives their item as soon as possible. A good idea is to give additional istructions to your supplier asking them not to include a receipt with the package but to send it to you instead, you can in turn send a receipt to your customer as they are buying from you not the supplier. This will avoid any confusion regarding your commission. So now you will have made your first transaction and as you go forward it will become easier and you will become more efficient as you build up a customer base and a good supplier list. You can make as much money as you chose with this system, it all depends on how much time you can put into it.
Tips for success :
- Never order items before payment clears.
- Always deal with reputable suppliers.
- Beware of customers trying to pay with money orders.
- Follow up on transactions, this will please your customers and will lead to repeat business.
- Some suppliers may offer you a commision on every sale you close for them or offer discounts so always enquire.
- Place your own free ads in classifieds promoting your service, you don't need a website just include your email and details on products you source.
- Sign up with paypal, pppay, google checkout etc., the more payment methods you can make/receive the more efficient your service will be.
- If you are getting a lot of business you may decide to start up your own website sourcing rare and hard to find products, this is an excellent way to generate more profits as you can branch out on the products you source and build up a very profitable business.
This is a tried and tested money making system and it taps into the very essence of business: buy low, sell high. If you put some time and effort into this you will make a good income.
|
Home-Based Business For Dummies (Home Based Business for Dummies)
Price: $13.59
List Price: $19.99 |
|
Home Business Tax Deductions: Keep What You Earn
Price: $21.94
List Price: $34.99 |
|
How to Start a Home-Based Catering Business, 5th (Home-Based Business Series)
Price: $10.95
List Price: $18.95 |
|
How to Start a Home-Based Handyman Business: *Turn your skills into cash *Schedule your jobs *Build word-of-mouth referrals *Manage insurance issues *Handle ... smart and safe (Home-Based Business Series)
Price: $11.53
List Price: $18.95 |








