I sat down and wrote this as a response to one of my subscribers who was distressed and needed ways to make money fast. They had no money to use, but had urgent debts that needed to be met. They wrote to me as a last resort, I was touched by their sincerety so I came up with my best strategy to deal with these challenges. These three ways to make money fast can be used with very little money in reserve. Of course they are legal and honest and apply simple business principles on a micro scale. I believe you can utilize either of these few strategies to successfully put $1000 to $3000 into your account in a few days. Exporting product In this approach to making money fast and easy we are going to emulate the macro business of trade. An international exporter finds a market that has a high cultural demand for a particular product or commodity and they source the high demand commodity from a different place in the world for an extremely competitive price where the culture and environment make this product or commodity abundant and therefore cheaper to produce and buy. You can emulate this same mechanism on a micro scale. You don't need to become an importer/exporter. You can do it locally. I remember an incident 5 years ago, when I met a fellow that was selling bar fridges door to door. I was fascinated and actually invited him to sit on my porch and join me for a soda. We talked and he was doing what I am describing here. He recognized that large retail giants had buying power and they imported all sorts of goods and sold them at very tight margins but made money on bulk. In this case, a discount store close to his home had a selection of 90 litre bar fridges on special for $40 The price was unbelievable. He felt he could easily add 100% and still sell them quickly. He recognized that not everybody prefers to shop at high volume discount stores. To a shopper who was used to the prices of the typical high street store, an $80 bar fridge was an excellent deal. This stranger went on to tell me his whole story. He had been at it for over a month and although initially he loaded 1 bar fridge into the trunk of his car, now he was buying 5 at a time and selling them in a few hours. He showed me the product and it was nicely packaged in a large box with packing tape. It was a brand new product. Easily worth $180 in most retail environments. The exporter had no overheads apart from gas and his time. He was making quite a nice daily income. Is this ethical? What if somebody recognized the product and knew it was selling so cheaply at the discount chain store? The professional business man simply shrugged and told me "well I guess they won't be buying a bar fridge from me" He used the enourmous buying power of the chain store to his advantage. He took this product to places that were remote from the closest outlet of this chain store. In this way, buyers were justifiably paying extra for the convenience of delivery. Visit this type of deep discount volume chain store and examine their inventory. Then go to a more common shop and identify the differences in prices of specific products. Do you see arbitrage opportunities? Once you identify a product, you can buy 1 or 2 and go out and test them. If they sell well (say out of every 10 people you talk to and show the product 1 buys) If this is the case, you can multiply your profit minus costs to identify how many people you need to talk to and how long it will take to get the money you need. For example if your profit is $40 and it sells on average every 10 people and you need $1500 you could calculate that you need to sell 38 units. If the average time to see ten people excluding "no answer" and "not interested" takes 30 minutes, you could estimate that you can sell 2 per hour. So you could fairly confidently assume that it will take about 15 hours or 2 working days to make your required $1500 |
