Sunday, 18 December 2011

Ten ways To make $10k Part 10

TURN Cheap Products

into Cash Cows

This strategy is similar to the former strategy in that your goal is to buy products for cheap and sell them for a tidy profit. The difference is
You’re going to focus on regular products rather than antiques or
collectibles, and you’ll be buying these products from different sources.

Here’s the key:
You’re going to buy liquidated merchandise, closeouts, overstocks or other

 heavily discounted merchandise. Then you’ll sell them individually to consumer

or in bulk to another merchant.
The best part about this $10K per month strategy is that it’s recession proof.
Indeed, it actually works better in tough economic times, because there are

 always stores liquidating their stock and going out of business. You can turn

 their bankruptcies and misfortunes into your cash cows!

Here’s how to do it:
a) Search for sources online
by using search terms like “liquidations” and
“closeouts.” One source is the “Closeout News,” which is a subscription based
print publication. There are also ads on their websites.

b) Check eBay for merchants selling products in bulk.
You can usually get

bulk products much cheaper per piece than if you bought them individually.

c) Keep an eye on your local region for companies going out of business.
But here’s the secret most people won’t tell you – don’t just look for retail stores

with regular merchandise you can resell...

Remember, every type of business will have items they need to get rid of – from

office furniture to office supplies. And even the retail stores will have fixtures and

other items besides their inventory. You can walk in, talk to the owner, and make a cash offer for everything.

Once you have your discounted products in hand, there are several ways you can

make a profit (depending on the product and how many pieces you have):

Sell the products individually to consumers through your classified

ads, CraigsList or eBay. If you received a deep discount, you’ll
likely be able to offer the product at a discount to your
customers as well (while still making a nice profit for yourself).
Sell online in bulk to another merchant (again, through eBay or a

classified site). You won’t make as much money as when you sell
them individually, but it also won’t be as much hassle (and you’ll
recoup your investment and pocket a profit faster).

Sell the products at a wholesale price to your local merchants. If 

you purchased the products below wholesale price, then you can sell them at

wholesale price to local merchants. It’s a win-win situation – you make money

flipping the products quickly, and the merchant ultimately makes more money too.

Arrange to sell the products on consignment with local merchants.

You may even make an arrangement to set up and maintain a display
in one or more local stores, where you and the merchant share the

Get a table at your local flea market and sell the products. If you

have any high-traffic flea markets in your area, you may find it

highly lucrative to rent a regular table and sell your wares all

summer long (or all year long, if it’s an indoor market).

These are just a few ideas to get you started buying cheap products and selling them for a profit.

But it’s actually just the tip of the iceberg. Don’t let the simplicity fool you, because

there are people doing this part time (just a few hours per week) and pulling in

$10,000 per month. Imagine how much money you could make if you did it full time!

Now that you know these ten profit strategies –

There’s only one thing left for you to do: Choose one.

Don’t agonize over this decision. The reason is because these are all proven ways to make at least $10,000 per month.

The “best” one is easy to spot – it’s the one that looks the most attractive to you. The one that suits your lifestyle is the one that will bring you the most money!

So go ahead and choose your cash cow right now (yes, now)… and then get started

working on your path to riches!

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