Money Makers

How to Make Money

 The secret to making money isn't working at a high-paying job, it’s finding creative solutions to people’s problems, and it doesn't take a fancy degree to do that. To get your creative juices flowing, check out these common and not-so-common ways of lining your pockets. Below that, you’ll also find more general financial advice as well as some money-making ideas for kids. 

•  Flip a Product

   1.  Buy underpriced used books. Outfit a phone or PDA (personal data assistant) with a scanner, scan the ISBN numbers of books at used bookstores and thrift shops, and compare the asking prices with what the books are selling for on a site like Amazon. Whenever you get a good hit (which won’t be often but, since the process is fast, won’t take long, either), buy the book and resell it online. Be discrete about this, as the store managers probably won’t like what you’re doing. 
  
  
   2. Bargain-hunt at yard and thrift sales. If you have a bit of knowledge in a particular area (ex. Taxco Mexican silver, action figures, classic National Geographics) or even just a good eye for quality, visit private sales early and often to find unexpected deals.
  
  

  3. Go to police auctions. You can find incredible deals here, and though may not be able to resell a car that was involved in a serious crime, you can probably find some spectacularly cheap jewelry that someone else would be happy to buy off you.
  
  

  4. Refinish ratty furniture. If you have lacquer thinner, sandpaper, stain, and some craft sense, you can buy worn-out furniture and fix it up for a great resale price.

  
  

  5. Rescue battered wood. Pallets and pallet stock are cheap (or free) and easy to come by. Look for untreated specimens at construction sites, community colleges, buildings under renovation, or shipping warehouses and plane them down and/or kiln-dry them in a homemade kiln-dryer to uncover their hidden beauty. You can then resell the wood as is or even turn it into beautiful furniture. (Be sure to advertise that the wood is “reclaimed,” as people are often willing to pay much more for this.) 

  
  

  6. Flip houses or apartments. If you are a handy(wo)man with great design sense, a knowledge of what’s valuable in the construction of a home, and assets you’re willing to play with, consider buying, fixing up, and reselling real estate. This requires quite a bit of up-front cash and elbow grease, but the payoff can be big.

  
  
  Read more next week.

 

LENDING MONEY

LENDING MONEY

When a friend or a family member asks you for money you can be faced with a delicate situation. Thinking it is your duty to help that person, sometimes you end up hurting yourself. Try, when you can’t resist a close person, to analyze first all the data of the problem.

1. Analyze with you heart and mind

Look at the situation with the objectivity of a bank, combined with the sympathy you feel for a friend. If your heart and head agree you probably are not making a mistake helping him. If one of them tells you “No!” there is probably something wrong.

2. Consult with someone else

If a friend asks you for money, ask a third person and rely on his or hers objectivity, a person that can be another friend or a family member with a trusted intelligence.

3. Don’t be afraid to say no

Never hesitate to refuse someone if the situation involves too many risks. Search for other helping options for that person. Conduct the conversation in such a manner that your friend will understand you are refusing the request not the person that made it.

4. Lending equals giving a gift?

You can suggest to that person that, if his of hers financial situation improves in the future, you will be glad to get a present that would equal the money you lent to them.

5. For your safety, sign a contract.

When you are about to give away significant amounts of money, sign, each of you, a contract that settles the conditions and the return date of the money, and also their total amount.
 

Industry Makes World's Richest People

                          This type Industry Makes World's Richest People

   Forbes recently released a list of names of the richest people in the world . In addition to the amount of his fortune , Forbes also displays the type of business they are doing so far. Quite a lot of variation in the type of business that it can generate tens of billions of dollars of wealth . Some are rich because of fashion , mining , or technology .
Based on data from Forbes , technology is the second most common way for American billionaire in print his wealth . The proof , as many as 51 of the 425 Americans who topped the list of the richest people in the world are those that work in the technology industry .
The condition is different from a decade ago when technology and software (software ) it ranks third in the printing industry billionaire . In 2002 , only 26 of the 243 Americans who sit in the Forbes list of richest people earn fortunes in the tech industry .
The following ratings industry is the source of wealth of U.S. billionaires :
1 . Investment , with a net worth of 100 billion U.S. dollars
2 . Technology , with 51 billion dollars
3 . The media , with 37 billion dollars
4 . Energy , with 35 billion dollars
5 . Food and beverages , with 31 billion dollars
6 . Services , with 31 billion dollars
7 . Fashion and retail , with 28 billion U.S. dollars
8 . Real estate , with 27 billion dollars
9 . Manufacturing , with 18 billion dollars
10 . Sports , with 15 billion dollars
Note the slightly different if globally . Industry section for the billionaire in the world it is the level of investment with 143 billionaires , fashion and retail with 123 billionaires , and real estate with 102 billionaires . While the technology industry it occupies the fifth position . However , Forbes put a note , of the 90 billionaires in the world of technology , half ( 57 percent ) is the U.S. .
On the other hand , as many as 12 percent of U.S. billionaires making their riches in technology , but only 5 percent of non -US billionaire to do it . Trend of increasing number of entrepreneurs who scored his fortune in the field of technology could be more in line with the growing estrangement MBA graduates from Wall Street . " There is a movement that is definitely among the graduates of MBA I , with MBA graduates in general , away from the financial industry , which may have been disrupted by the crisis and Dodd - Frank , " said Steven Kaplan , professor of entrepreneurship University of Chicago 's Booth School of Business .
He saw that the technology industry will evolve . However , the financial industry, not necessarily abandoned by the billionaire . However , he estimates , the financial sector has reached its peak in 2007 .
The technology is appealing to the U.S. or the world's billionaires , but Professor Peter Wendell from the Stanford Graduate School of Business put a note . " One area that continues to draw ( in technology ) is big data , " said Peter , who was a venture capitalist .
That is , part of an evolving technology is the focus of the analysis of data and tools for storing data . Peter also see a lot of smart students who put option on cloud computing , social media , mobile , and video .
However , it should be noted that , according to Professor Teresa Amabile of Harvard Business School , is they become billionaires in technology will not simply because smart laden field of this technical knowledge . " My understanding of the stories of people like Bill Gates , Steve Wozniak , Steve Jobs also is that they are driven by passion, " said Teresa who is also co-author of The Progress Principle , which studied the diaries of successful business people .
" I am convinced that they are very productive and creative when they work will be something that they find meaning in them , where they see no purpose , where they contribute to something they value , when they are in environments that allow them to make progress , "said Teresa .
Here's a list of 10 major industrial sources of the wealth of billionaires Forbes :
1 . Investment with 143 billionaires
2 . Fashion and Retail ( 123 )
3 . Real estate ( 102 )
4 . The combination of ( 97 )
5 . Technology ( 90 )
6 . Manufacturing ( 85 )
7 . Energy ( 78 )
8 . Finance ( 77 )
9 . Food and beverage ( 69 )
10 . Media ( 64 )

Top 10 Ways to Make Money on the Internet

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Unless you're a freegan and have found a way to live entirely off the grid, you probably need some sort of steady income in order to survive. The traditional way to earn money, of course, is by having a job. You work for a company or start your own, and the work you do earns you money, which you spend on things like a mortgage, rent, food, clothing, utilities and entertainment.
Most people typically work from their company's central location, a physical space where everyone from that organization gathers to exchange ideas and organize their efforts.
But a few lucky souls have found ways to make money within the comfort of their own home. With the Internet, an ever-changing arena for businesses, some people looking to earn money are finding ways to do so. Some forms are best for part-time endeavors for those looking to make a little extra money on the side, while others can lead to full-time jobs and Internet success stories.
We've put together a list of our top 10 ways to make money on the Internet, in no particular order., we'll start with an old favorite.

Selling Stuff on eBay

Selling stuff that you don't need but others are willing to buy is a popular way to make money over the Web.

Sean Gallup/Getty Images

Most people today are familiar with the concept: You have things you don't necessarily need but others are willing to buy, and you can auction off the items on eBay or other online auction sites. Simply gather your goods, create a seller's profile and start selling.
It sounds simple, but it takes some practice to sell successfully. Creating persuasive and legitimate product pages for the goods you're selling will help get buyers interested. It's also important to set reasonable minimum bids to ensure that people will buy. And remember to deliver the kind of customer service that will garner positive feedback ratings and to communicate with buyers to let them know you're reliable. The more positive feedback you receive, the more people will be willing to do business with you. And that, of course, means more money.

Blogging

If you have a particular passion for something, whether it's a hobby or an obsession, and you have something to say about it, blogging could be a profitable way to pour out your endless stream of thought. The key here, as with many other services on the Internet, is in selling advertising.
After starting up a personal blog, many writers sign up for ad services like Google AdSense, which post those familiar sponsored links you often see at the top and on the sides of Web sites. The more times your blog readers click on those ads, the more money you'll make through the ad service. This works fine if you're a casual blogger, and you may make some extra spending money. But if the blog is consistently interesting, well-written and really takes off, you may be approached by companies who want to reach your fan base with graphical advertising around your blog. Some of the more successful blogs, like I Can Has Cheezburger? and Boing Boing, have become pop-culture phenomena, and their creators have been able to quit their day jobs and blog full time because of the money they make from advertisers.

Designing and Selling T-shirts

If you come up with your own t-shirt designs using editing software like Photoshop, some sites will press the shirts for you and share profits when they're sold.

Darrin Klimek/Getty Images

A you walk around most high school and college campuses, you're likely to come into contact with lots of words. But it won't be material from textbooks or term papers -- those are probably in backpacks or sitting unfinished at home. Instead, they're the simple phrases or logos -- most of which are ironic or amusing -- printed on the T-shirts on the backs of the students.
Usually, the more unique and offbeat the design is, the more desirable the T-shirt is. The growth of the Internet has made it possible for vendors to sell T-shirts all over the world. In fact, sites like CafePress.com and SpreadShirt.com allow you to set up your own store, create your own designs and sell them yourself. If you can create your own shirt design with a clever catchphrase or come up with your own unique statement and people like it, you can start making money.

Freelancing

Freelancing is similar in some ways to blogging. For one thing, you get to work from your own home or office most of the time. But there are a few important distinctions. First, if you're thinking about freelance writing, chances are you need to have more experience than the average blogger. Many freelance writing positions cover specialized topics for online publications and many require expert knowledge on the subject. However, if you're passionate about things like travel or food and know how to write, a freelancing job can provide you with a good income.
Along a similar line, you might also consider self-publishing your original work rather than working on contract-driven tasks. Self-publishing offers many of the same benefits as freelance writing. This additional step is risky, though, because it requires marketing work to your target audience so they'll buy your work.
Writing's not the only way to make money freelancing, of course -- anyone with graphic design or programming experience can find contract jobs that pay well and provide challenging work, too.

Domain Name Flipping

Based on luck, strategy and business savvy, domain name flipping can be one of the more lucrative ways to earn a living online. The term comes from the real estate trick that involves buying old, undervalued houses, fixing them up to make them more attractive and modern-looking and selling them for a much higher prices.
In this case, the old and outdated place is not a house, but rather a domain name -- the main address for a Web page. With a little bit of searching, dedicated domain flippers locate unused, poorly maintained Web sites that have generic and recognizable identifiers and buy them. They usually pay a few hundred or even a few thousand dollars, but after extensive updates that make the site more business- and user-friendly, the domain name can fetch several times more than it was originally worth. The domain bird-cage.com, for instance, was bought for a mere $1,800 in 2005 -- after a redesign two years later, the site was sold for $173,000 to a bird cage vendor [source: Bhattarai].

Financial Services

Financial services include accounting, tax preparation, bookkeeping and payroll processing. Today, you can accomplish most of these services using specialized software. For businesses, this means hiring fewer people to handle these tasks. For individuals, it means doing it on their own and hiring a consultant online when necessary.
These cost-saving opportunities for consumers mean money-making opportunities for you. You can create a Web site on your own or work with an existing Web-based services group. Then, you can correspond with clients through that Web site and via e-mail.
If you want to offer financial services over the Internet, first make sure you're either trained or experienced in the services you're planning to provide. For example, you're probably not an expert on preparing taxes for a small family farm unless you've done so before or had training in farm-related accounting. In addition, make sure you know whether you'll need government licenses to offer certain services, and refrain from misrepresenting yourself or working illegally to avoid getting sued for fraud.

Customer Service

Many businesses support their products through a customer service department. In many cases, this means people who answer phone calls from customers. A growing number of businesses also offer customer service electronically through their Web sites and by e-mail.
At a Web site, customer service might include live chat sales and support. To use this, a customer clicks a link requesting to chat with a live person, and a customer service representative answers the request and speaks with the customer through a chat window. For e-mail customer service, the customer fills out a form at the Web site or sends e-mail directly to a particular address.
Since the live chat and e-mail depends only on having a reliable Internet connection and Web browser, businesses have looked increasingly at hiring home-based workers for these services. As a result, customer service contracting firms like Talk2Rep cover e-mail and live chat support in addition to inbound and outbound phone calls. While the pay rate is often minimal or commission-based, the growing demand for online customer service makes it a reliable source of income if you have a knack for it.


SEO Reviewing
 

SEO reviewers generally perform searches to assess ranking results, and may be asked to use services like Google Analytics to gauge the progress of their clients' efforts to improve Web presence.

©iStockphoto.com/Yunus Arakon

Search engine optimization (SEO) is a growing area for Internet-based employment. SEO is a means of improving the results from a search engine so that they represent the closest matches and most reliable resources for the user's desired results.

As a contract SEO reviewer, working through a company like Leapforce, you can aid in this optimization. You start each evaluation task by judging a user's intent based on the key word combinations provided and your own knowledge of popular culture in the user's locale. Then, you use a set of given guidelines to evaluate how particular search results match that user's intent.



SEO reviewing can offer a steady income from home, but there are some risks. First, an SEO reviewer has to run reliable antivirus software and have a good, strong defense against malware. That's because viewing certain Web sites during evaluation tasks could introduce malware to the computer. Second, an SEO reviewer must be willing to view potentially offensive material, such as pornography. As a reviewer, you may be asked to check whether a given site contains malware or pornography, so you're putting your computer at risk as part of the job description.

Tutoring

With each passing year, there seems to be increasing pressure for elementary, middle and high school students to make good grades and prepare for a path to higher education. For some kids, this means getting help from a tutor to bridge any gaps in understanding in certain subjects.
Since more families often have reliable high-speed Internet connections at home, too, Internet-based tutoring services are growing. When you apply for these jobs, you usually have to take tests in your selected subject areas and submit to background checks. Though you could start your own online tutoring service, sites like Tutor.com have already done the legwork for you in terms of marketing. These sites match thousands of kids with tutors each week.
While many Internet-based jobs offer flexible hours or multiple shifts, tutoring services might require you to be online during a specific block of time or reward you for doing so. This encourages tutors to be available during the heaviest demand. For example, when Tutor.com has more tutors than tutoring requests, it places tutors on a waitlist and gives preference to tutors who work at least five of hours per week in the 4 p.m. to 11 p.m. EST time slot Sunday through Thursday [source: Tutor.com].


Selling Handmade Goods

Sites like Etsy provide an easy setup option for creative types who want to sell their wares online. Setting up and maintaining a shop is simple.

Screen capture by HowStuffWorks staff

Earlier, we considered using sites like eBay to sell stuff that you don't need. You can also use Web sites to sell your original creations. Certain Web sites like Etsy.com and ArtFire.com are dedicated to matching the artists who create things by hand with the customers who appreciate and want to purchase their handmade goods.
If you're like most people, the word handmade probably brings to mind some traditional crafts like knitting, crochet, needlework, quilting, painting and sculpting. Handmade items don't stop there, though. You can also market woodworking, glasswork, metalwork and anything else you're capable of building at home. Be sure to focus on projects that you're already good at or that you have a passion for so you don't burn out producing each new item.
Existing Web sites like we mentioned before usually let you set up your own shop for free or for a very small fee for each item you list there. If you have a small home-based operation, this could be a better deal than setting up your own site. For many people, hosting and managing an entire Web site might be a full-time job by itself.
The biggest challenge for selling homemade goods is making back the cost of what you put into it. Not only do you want to be reimbursed for materials, but you also want to be paid proportional to the time you put into it. Keep track of your sales and purchases carefully in the first few months, and make adjustments as necessary to maximize your profit.
Now that you have our 10 ideas, click on over to the next page for even more information on ways to make money on the Internet.