Tuesday, May 19, 2009

How to Earn Extra Money Online

By Mal Keenan

Amid the deepening financial crisis, social unrest, and economic instability, everyone seems to be yearning for an extra income by any legitimate means possible. Your goal to earn and bank money might be attainable if you don't look too further than your eyes could reach. If you have wanted to earn extra money online while sitting on a couch (in front of your laptop), the answer might be just next to you.

It could be inside your messy room or inside your younger sister's closet.

Check out the old goods in the basement or in the garage. Cash in with your brother's old swoosh or with your old basic black dress. If you think you could sell them but people won't buy those goods, you may opt to bring them to a shop, which buys secondhand items.

If you earn enough money to capitalize on your prospective business venture, decide your target market.

Your potential market can be children, young adults, adults, working classes, or old folks. After which, the money from selling the goodies and maybe a few extra dollars from your pocket can be used to purchase products you aim to sell to earn extra money online.

Don't rush things. Take one stride at a time, this is only the beginning. You will have to research and study. Read and educate yourself by reading newspaper and lifestyle magazines to find some useful hints and tips from successful people.

Read success stories of entrepreneurs who started off with a humble beginning and later prospered through perseverance and consistency.

Ask businessmen about their marketing strategies and think of ways on how to apply them as you venture in online business. When you finally gain a sound entrepreneurial mind and spirit, you will have to post your items in the classified listings and auction sites.

This is for your products to be seen by the target market.

Here are some suggested sites to post your classified ads:

Craigslist
Facebook market place
Gumtree
Google Base
Windows Live Expo
MySpace Classifieds

Your ads must be unique and catchy but do away with flashy tricks and fancy characters, as these may give a spam-like appearance. Include photos tagged with the actual price of your item. Photos must not be digitally enhanced to conceal discolored or unattractive details of the items. Discuss payment mode, no return/no exchange policy, and shipment fee. Let your shopper approve of the policies before purchasing a particular item. Be accurate and concise with item descriptions. Value the customers' interests at par with your own interest.

It is an advantage if you have network of friends to post your ads in their accounts. On the other hand, auction sites are also an ideal venue for your ads to be posted. Taking a risk is the name of the game. That has been virtually the rule of thumb for most successful people making progress in internet money making.

This is just a brief outline of one way that you can make some extra cash online through classified ads and utilizing some of the items you may have about the house. There are many other ways you can make money online.

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