Showing posts with label Money Making Ideas. Show all posts
Showing posts with label Money Making Ideas. Show all posts

Wednesday

Increasing Your Net Worth: The Measurement of Real Wealth

The following is a guest post contributed by Tom Cleveland, who writes for Forex Traders.

Each year, Forbes magazine publishes a list of the wealthiest people in the world.  Of course, the names at the top of the list are household names—Warren Buffet and Bill Gates.  Forbes rates the wealthiest people in the world by their net worth.  Net worth is simply a person’s total assets minus their liabilities.  Although you may not be fighting to get your name on the Forbes’ list, chances are good that you have a definite interest in building your net worth.

Practical Step to Building Net Worth

Let’s return to the definition of net worth once more.  It is defined as a person’s assets minus their liabilities. Now, this is important to understand.  It doesn’t really matter how many assets a person has.  If they have too many liabilities, the inflated assets will not mean anything.  We see this play out in the business world all the time.  A company may have hundreds of millions of dollars in assets, but it attempts to expand too fast and takes on unsustainable debts, which are liabilities.  In corporate America, this eventually leads to bankruptcy.  A company that has hundreds of millions of dollars in assets, but also has $2 billion in outstanding liabilities, is headed for total collapse.  Thus, the way to build net worth is not to necessarily focus on building assets or a forex account, but to rather eliminate liabilities.

Eliminating Liabilities

The three primary liabilities that most middle-class Americans have are a mortgage, a car loan, and credit card debt.  The real way to build true, lasting wealth is to focus on eliminating the most destructive of these three types of liabilities—credit card debt.
Credit card debt is a major hindrance of wealth creation.  Ultimately, it is wise to buy assets in order to build net worth.  When hundreds of dollars are being spent each month paying credit cards off, this money could be going toward purchasing those assets.  Thus, one of the first steps that must be taken to build real wealth is to pay off all credit card debts in order to eliminate this liability.

Adjust the Budget

The most practical way to quickly pay off credit card debt is to honestly analyze your monthly spending habits and discover every area that could be cut back and eliminated.  Once you find out how much can be eliminated each month, then decide to shift this extra capital toward paying down your credit card debt.  This will not necessarily be fun and exciting, but it will help put you into a place of financial strength once the liability is eliminated and you can direct that extra capital into purchasing assets.

Further Reading:


Make Money Selling Homemade Goods

There is a large indoor flea market in our area that always has homemade goods spread out on certain strategically placed tables. There are usually pies, brownies, cookies and bread and sometimes jars of salsa, honey, jams and jellies, all homemade. During a recent visit while looking over that day’s spread I got to wondering how much money one could make producing and selling such items. While my wife has baked various things for potlucks and fundraisers over the years we have not really thought seriously of selling homemade goods for profit. I suppose it’s always a possibility if we ever decide to pursue the idea.

I have also seen homemade goods for sale at craft shows, farmers markets and local fairs and festivals. Some other homemade items you could consider making and selling are soap, candles, jewelry, woodworking projects, extra vegetables from your garden, the list could go on and on.  

Make sure to check with your state’s health department for any applicable regulations and with local officials concerning any licenses or permits you might need.

If this is something you are interested in check out the following resources for some additional, more in depth reading on the subject.





Related Reading:


Monday

Can You Really Make Money Stuffing Envelopes?



To start off I have to say I have actually made money stuffing envelopes, but it was for a full time employer at an hourly wage and not as a private contractor or part of a work at home offer. While thinking about different ways to make money that I have not written about yet I was reminded of the old comic book and magazine ads that would promise a great work at home opportunity for good money by stuffing envelopes. Almost anybody that you talked to back then would warn they were scams, and I wondered if such offers still existed today, and if so, were they legitimate. After some research into the possibilities here is what I found out:

All Scams

They still exist, and they are all scams. The way they usually work is you are asked to send money for instructions and maybe a starter kit. What you will receive are instructions telling you to place ads and ask for money, just like what happened to you. They might also offer to sell you a mailing list, in which case you would be stuffing envelopes with a scam letter that asks the recipients to send you money for instructions on how to make money stuffing envelopes. It is all dishonest and illegal.      

An Alternative

Rather than respond to an ad consider contacting local print shops in your area and offering your services. This could involve working in their bindery department, maintaining mailing lists, collating marketing materials…maybe even operating their automatic envelope stuffing machine.

Further Reading:



Make Money Freelancing

The following is a guest post by Lisa Shoreland, currently a resident blogger at Go College, where recently she's been researching chemistry scholarships as well as business administration scholarships. In her spare time, she enjoys creative writing, practicing martial arts, and taking weekend trips.
At the beginning of my freelancing career, I knew nothing of the online writing world.  SEO was a typo for CEO. HTML was something I learned to personalize my MySpace page in the 8th grade. Blogs were online diaries for people without friends, not potential sources of income. Obviously, I know better now.
The online freelancing community has experienced an explosive growth in the past several years, especially since the economic recession put countless workers out of jobs. Because the webosphere is only growing with no sign of petering out anytime soon,  jobs are always available for practically everyone, even a college graduate with very little experience in “the real world” and armed with an economically unviable major like creative writing (yours truly).
Although my major serves me in my career as a fiction writer and novelist, I never thought anything would come of it in the online community. That was until I stumbled across hundreds of creative writing blogs within my first few months of freelance blogging. Not only has my passion given me the tools to put a decent sentence together, it’s given me a commonality amongst others in the blogosphere. Even if you don’t have professional experience in writing, having expertise in something (or a willingness to learn about it) is often enough, such as personal finance or fashion.  
Perks of Freelancing
As a freelance blogger, I have the daily opportunity to:
·         Make money to put bread on the table,
·         Gain experience in a growing industry,
·         Add to my résumé, and
·         Network amongst countless people from across the globe from my own desk chair, opening windows to new opportunities. 
Whether you want income from a job separate from your office gig or you want work from home, freelancing is a valid and potentially lucrative neighborhood to explore.  Here’s how I got started.
Steps to Freelancing
1.       First, look at the water before taking the dive. Check out some websites like Freelance Writing Gigs to see what jobs are out there. Copyediting, content writing, blogging, and proofreading are skills often requested on freelancing websites. 
2.      Consider what marketable skills you have to offer. Are you proficient in HTML and SEO? Do you have experience in copyediting? Did you major in English or writing in college? Even fiction writers like me can use their skills as bloggers, content writers, or even technical writers for sizeable companies.
3.      Decide what your standards are. I didn’t have any when I first started. I just wanted to make enough money to survive. Freelance Writing Gigs has some great advice on the matter:
·         Decide how much money you need to make in one month and how much you want to make in one month. Add them together and divide by 2. (Ex: need $5,000 + want $10,000 / 2 = $7,500.) This is your target price.
·         Then, take your target price and divide it by 22, which is the average number of working days a month. This number is how much money you need to make in a day of freelancing (if you’re hoping to go full-time).
·         Stick to this number, and don’t stray, or you’re going to be doing your bank account a huge disservice.
4.      Start small. It’s not exactly realistic to quit your day job on Friday and start earning the same as your previous paycheck by Monday. Start with an “this is just extra income” attitude and work your way up from there.
5.      If you do decide to freelance full-time, make sure that, whatever you’re doing, it’s stimulating in some way. Sure, you can make considerable money writing instructions for working your sponsoring company’s microwave, but this isn’t terribly scintillating stuff. Remember that whatever skill you’re marketing should always be improving. If you find yourself treading in still water, change things up.  
Further Reading:

Have Some Expertise to Share? Make Money Tutoring


The following is a guest post by Raine Parker, who writes on the topic of accounting degree. She welcomes your comments at her email Id: raine.parker6@gmail.com.

After I first lost my job during the height of the recession, I was convinced that the world was over, that finding another job would be an uphill struggle. Once the grief over the loss subsided, I got to work. I knew I had so many skills to share, but no one was hiring at the time, and I struggled for almost a year to find another steady job. During that time, I explored several money-making options on my own, and I eventually began earning just as much as I was when I was officially employed. Sure, it was hard work, requiring discipline and initiative, but it paid off in the end. The one venture that brought in the most money for me was tutoring.

Tutoring is one thing that will always have some sort of demand. Whether it's tutoring school subjects, standardized tests, or even extra-curricular activities like golf, tennis, drawing, computer programming pretty much anything you'll always be able to find someone, somewhere who can use your services.

Of course, you can't tutor subjects that you don't have at least some sort of demonstrated expertise in. Since I majored in English in college, I used this credential to advertise my services in helping local college students edit research papers. Having also scored well on the SAT, I purchased a few SAT books and helped high school students prepare for their college entrance exams.

These gigs were just the tip of the iceberg. I eventually branched out into other tutoring endeavors, including giving beginner piano lessons. You don't have to be a leading expert in any activity to help out those who are just starting. Craigslist is a good place to begin advertising your services, but there are a host of other venues to get the word out as well. One good resource is WyzAnt, a website that connects tutors with students in any city. Placing ads in local college newspapers is also a good option.

Since I initially had very little previous experience tutoring, I charged a very small, competitive rate. Once I started getting many students who experienced success with my tutoring methods, I got more and more gigs as my former students advertised for me. If you have some trepidation about the actual tutoring process, check out Tutoring Matters: Everything You Always Wanted to Know about How to Tutor and Tutoring as a Successful Business: An Expert Tutor Shows You How. These are both excellent starting guides that give you practical information about every aspect of tutoring, from business considerations to practical advice on teaching.

Related Reading:

Search for Scholarships

10 Free Online Colleges and Courses

10 Places to Sell Books Online


The following is a guest post from Bailey Harris. Bailey writes for the Health Insurance Blog.

If you are looking for new ways to make money online, consider selling some of your used books. There are several different sites that will buy books directly from you and others that will let you list your books for free. In most cases, you can receive payment via PayPal, check, or direct deposit. Here are 10 great places to sell both fiction and non-fiction online.

Half.com - This eBay site is one of the better known places to sell books online. You don't have to pay any listing fees until your book sells. The buyer pays the shipping and your list price. Half.com makes sure you get the money, direct depositing funds into your checking account twice each month.

Amazon - After registering for an Amazon seller account, you can begin selling books in the Amazon marketplace. Your items will be displayed right along with all of the other products that Amazon sells. If you have a lot of inventory, you can get your own branded, custom online store. Any money that you make will be deposited (by Amazon) in your bank account.

Facebook Marketplace - You can sell almost anything, including books, in the Facebook Marketplace. There is no charge for listing your books. Listings will stay posted for 30 days and can even be displayed on your regular Facebook page.

Powell's Books - Powell's will buy your used books from you. Enter in the ISBN numbers of the books you want to sell. Powell's will make an offer on the books. If you like it, you can ship your books to the Powell's warehouse and collect your cash.

CKY Books - CKY Books will also buy your books directly from you. Some of the books you can sell include textbooks, religious books, self-help books, travel books, and current fiction. CKY takes care of shipping costs and pays via check or PayPal.

Cash4Books.net - This site specializes in fiction, non-fiction, and textbooks published after 2008. Enter in the ISBN of the book you want to sell and find out how much you will be paid for the books. Ship the books to Cash4Books.net for free and get paid via PayPal or check.

Paperback Swap - Paperback Swap is designed for people who want to sell books and get more books as payment. All you have to do is list books that you are willing to swap. When people request your books, you send them out and get a credit that can be used to request books from other Paperback Swap users.

Moola4Books - This site has paid out more than $13 million to private book sellers. You can ship your books to the site for free using FedEx and receive your payments via PayPal or check. Payments are usually made within one business day.

Sell Back Your Book - Sell Back Your Book will not only buy your books, but will also pay any shipping fees associated with the transaction. This site also buys used books from libraries.

BookScouter - You can't sell books on BookScouter, but you can use the site's comparison tool to see which book buyers will give you the best price on used books. BookScouter's tool searches 40 different buyer sites and works especially well for people who are trying to sell textbooks.

Related Reading:

Selling Your Books

10 Great Resources for Free Books

Wednesday

Make Money Selling Homemade Candles


Years ago, when I was still a kid living at home, I remember my mother making long green taper candles from thin metal antique molds. One of the collections she maintained and added to over the years was early American lighting objects, such as the molds as well as colonial era candle holders, wick trimmers, lamps, and so on. Part of the enjoyment of collecting for her was not just buying and displaying these items but actually using them, which is what led to her candle making period.

While mom was into it just for the experience, anyone who can afford to buy the supplies and take the time to produce homemade candles could try making some money selling them to the public. Some possible outlets include sites such as Etsy, Art Fire, or Silkfair, as well as craft shows, flea markets and craft malls. To find out where and when these events are held near you, as well as loads of great tips and sites to explore, make sure to visit both Craft Site Directory and Free Craft Fair.

Candle making at home can help fill some spare time by making a quality product that could make you some side cash. Check out the following sites to help you get started…

Pioneer Living offers an extensive section on making candles of all kinds.

Candle Whiz is a large online eBook that starts with the history of candle making and proceeds with descriptions of equipment you will need and how to make over a dozen different kinds of candles.

Candle Instructions provides plenty of tips and instructions as well as free 12 part email course.

Related Reading:

Make Money Selling Exotic Fish

10 Craft Selling Options

My Worst Money Making Ideas


Since losing my job in 2007 I have been trying different ways to make money, both online and off. I decided to put together a little list of some ideas that did not do well. While I would like to be able to blame someone other than myself for these failures I have to shoulder it because I know there are people making money with (most) of these methods. So here they are, my worst money making ideas. I would love to hear if you have tried any of them and what the results were.

Zazzle – This is a site where you can customize all kinds of products and then offer them for sale from your “shop.” While the site is easy to use and setting up a shop takes just a few minutes it is, as usual, promoting your stuff that takes most of the work. I have linked to my shop at various times on this blog, but that’s about it. I have been rewarded with one t-shirt sale.

Survey, Sweepstakes and Reward Sites – I decided awhile ago to just let all of these go. I found that the survey and reward sites took too much time relative to the (possible) rewards and the sweepstakes were basically long shot time wasters.

Café Press – Same story as Zazzle, but I did sell one bumper sticker.

Blogging – Surprised? Don’t be. Very few people make good money doing it. For every successful money making blog out there I imagine there are thousands that flounder around before dying a very lonely, disappointing death. I didn’t expect this blog to make much so I’m not disappointed. I am always considering other ways to make money online, but for now The Buck List remains a labor of love and not much profit.

Etsy – I was really hopeful starting off with this one. My sister-in-law had been selling some hand crocheted beverage coolers, or cozies, at local fundraisers with pretty good success. I thought it would be a good fit for Etsy, so we worked out a percentage deal and she gave me 25 to try to sell. I took photos, wrote up descriptions, opened a shop and sold not a one.

Additional Reading:

Can You Make Good Money Working as a Temp?

A Changing Relationship With Money

Monday

Two Unusual Ways to Make Money on Craigslist


While most everyone is aware of how to make money on Craigslist selling their unwanted possessions there are a few other ways to make money using the site. I would be interested in hearing if any of you have tried these, so please feel free to comment below.

The Free Stuff

Check the free stuff listed in the for sale category for items you could pick up and turn around and sell. While there are plenty of worthless garage sale leftovers and miscellaneous junk offered you can find the occasional stuff that has value, such as nice clothes you could take to a consignment shop. In my area during the last week items offered for free that could be sold included VHS tapes (I have sold them for a dollar each at our garage sales and on Craigslist), clothes, working appliances, furniture, a vacuum cleaner, working organs and pianos, bikes, a gas grill, working TVs, a working humidifier, cribs and beds and kitchen and dining room tables. Unless you can turn these items over quickly the only drawback would be having the storage space to keep the stuff while you tried to sell it.

The Wanted Stuff

In the for sale category keep an eye on the wanted section for items you just might have lying around that could bring in some cash. It can obviously be hit and miss because the stuff being asked for can be very specific, but there are plenty of general requests as well. Over the last week people in my area have been willing to pay for World War Two military items, a file cabinet, a chainsaw, beds and cribs, car tires, clothes, cars, aquarium, furniture, dog house, 45 RPM records, Legos, wood chipper, working appliances, sewing machines, golf balls, scrap metal, snow blowers, tickets to plays and concerts, gold and silver coins, digital camera, cell phones, cinder blocks, a boat, baby stroller, computers, musical instruments, boots and shoes, space heater, Playstation 3, exercise ball and two baby pigmy goats. You might have noticed some cross over between the free stuff and the wanted stuff, which is a good trend.

If I had the storage space I would seriously consider flipping free stuff for cash. As it is I will continue to keep my eye on the wanted category for anything I might want to get rid of. How about you?

Related Reading:

How I Sell on Craigslist

Can You Really Find Good Free Stuff on Craigslist?

Content Sites Review - Make Money Writing on the Web


A while back when the content site eHow changed their article submission rules I began my search for another site or two to write for. I became an eHow contributor as a way to recycle Buck List posts that would also work as “How to” articles, hoping they would create another stream of income separate from this blog. The 14 articles I have on the site earn me between $15 and $20 per month. Not bad, I suppose, for something I never even have to look at again.

During my research for a new content site to write for I kept notes, which I decided to turn into this post. When I found a site I would Google it and the word “reviews” and note what came up. Some sites had very little written about them while others, usually the larger, better known sites, had page after page of (usually) conflicting reviews. Some of these arguments could get a little heated and I came to realize that, except for the content sites that everyone hated, it looked like you would just have to write for a site yourself for a while to find the truth of the matter.

Keep in mind the following are just rough notes, based on others opinions, and are not comprehensive. That being said if you are a writer looking to pick up some freelance work for a content site maybe some of these mini reviews could help you start on your own research.

Associated Content – Upfront payments are around $3.00 to $10.00 for original articles, while they pay residuals of $1.50 to $2.00 per 1,500 page views for previously published material. Lots of complaints that pay is very low. One reviewer earned residuals of $73.000 for 20 articles in one year. Can post under user name. Reviews are 50/50.

BiblioBuffet - They pay upfront for book reviews, personal essays, editorials, commentary, humor, interviews, profiles of literary people, places and things, excerpts from upcoming books and short stories. They expect regular contributors to write on a bi-weekly basis and pay $10 per piece. As of January, 2010 they are no longer accepting applicants to be regular contributors. They do still accept occasional or one time contributors.

Bukisa – They pay a variable $3 something per 1,000 page views. Also have a referral program. Minimum payment is $10 by Paypal. 250 word minimum for articles. Can post under a user name. Reviews are 50/50.

Consumer Search – “Payment varies, but is never less than $350. Compensation fluctuates according to how much work is required and depending on a writer's expertise. Consumer Search does pay a kill fee for work that we cannot publish.” You have to submit an unpaid sample report and application that takes an average of 10 hours to complete (!).

Content Corp – Must email them with an inquiry and some reviews say email inquiries get bumped. They don’t state any payment or work outlines on the site that I could find.

Constant Content – You submit articles, name your own price and they try to sell them for you. One reviewer suggests 400 words should bring $21 to $36 for usage rights, $29 to $49 for unique rights and $39 and up for full rights. They charge 35% commission, $50 minimum before payment. A downside is you can’t get your name outside of CC to build up a reputation. Good for writing what you want, when you want. Strict editorial process. Reviews are 50/50.

Demand Studios – Complaints include long application process, buggy emails, lots of frustration and lots of rules. Work must be approved by an editor. Demand Studios generally pays $15 for a 350-500 word article, while an article that is around 100-200 words usually pays around $5-10. They also offer residual income based on ad clicks. Bad reviews mostly from rejected eHow writers. Most good reviews are from writers that have learned the DS system. They require references or resources for articles.

eHow – Now must apply through Demand Studios. Must use real name, only original articles accepted. Reviews good until DS took over.

Examiner – Write about the area where you live and what you are interested in. Pick a content channel and fill out the application. They will conduct a criminal history background check and identity verification. They offer residual pay, but many say it is very low.

Factoidz – They say they reward the best content with up to $10.00 per 1,000 views. Ad your Adsense ID to your account with Factoidz to earn $1 to $5 for every 1,000 page views. They have a $10 per referral system. Articles are 400 words minimum. After you publish 20 articles you become a “staff writer.” Some have complained of payment problems and that the site is buggy.

Firehow – They pay once a month by PayPal if your earnings reach a minimum of $10. Articles are not reviewed before being published. Site layout looks like a bad copy of eHow. Pay is average. You can submit articles that have been published elsewhere. Articles should be between 400 and 600 words. Reviews are cautiously optimistic because of the young age of the site.

Helium – Pay very low. Almost all bad reviews.

How to Do Things – Might be the very worst site you could write for. Many reviews say the site used to pay but doesn’t anymore. What’s worse is they are allegedly republishing their content (provided by writers they don’t pay anymore) as “Guides” on Amazon, with zero proceeds going to the original authors.

Hub Pages – Reviews are split, some complaining ad revenue sharing is low, and others think it’s fair. Several mentioned the site is good for creating backlinks for your blog or site.

Infobarrel – Earn residual income with Adsense, Chitika and Amazon. Revenue share is 75% of Adsense. Can write in multiple formats, they recommend a 400 word minimum article. Articles go through editorial review, must be preapproved by being a member for at least 14 days and by submitting 10 articles.

Internet Brands – They pay upfront, no residuals. Can write articles as short as 150 to 250 words that pay $4.00 each, 400 to 600 words pay $10. They don’t require references or resources. Have to write a sample article for them as part of the application process. Pay is monthly. Reviews mostly good, but some say article requests by IB have been slowing down recently, leading to less work.

LoveToKnow – Strict review process. You are assigned a topic and are expected to write 15-20 650 word articles per month. Writers are required to have at least one year of professional writing experience, access to a telephone line and Yahoo instant messenger, and a provable knowledge of their assigned topic. Most reviews are good, but caution about the workload required.

Mahalo – Must submit application. This is a search engine that pays people to create search result pages. After human review and acceptance they pay and then own the rights. Uses Paypal. Can work on keywords, video game walk through, how to articles. Low pay. Most reviews bad.

MyLot – Pay per post, earnings very low. Most reviews say this site is not a scam; you just can’t make much money.

PrintNPost – Scam, disorganized, confusing. Looks like the site might now be kaput.

Qassia – Now called Qondio, they give 100% of Google Adsense revenue from ads placed on the page where your articles are. Main advantage is to build backlinks to your own sites. There is a $5 sign up fee. Most reviews are positive.

Speak About It – They share 50% of Google Adsense revenue earned by the articles you write. Objective reviews were hard to find on this one, most just described how the site worked. They might be gone too, could not bring up site.

Squidoo – Revenue sharing site for your reviews and articles. Can write about most anything and many use it to promote products and other websites. Most reviews are positive.

Suite101 – Articles must be original. Can’t use a pen name. Residual pay very low according to some, decent according to others. They have exclusive rights for a year, and you must write 10 articles per quarter. The reviews are all over the map on this one, with maybe half saying the site is a slave shop while the rest say it pays good.

Textbroker – Some complaints of very low payout, unfair rating system. Others said the site was great to work for. They match writers with clients and utilize a writer rating system that determines payout.

Tutorial Tub – They share 50% of Google Adsense revenue. Couldn’t find many reviews.

Triond – They publish on various sites, articles must be original, you get paid 50 % of ad revenue. Most reviewers like the site because Triond will publish almost anything, regardless of quality, but almost all agree that the pay is very little.

Writer Access – More of a content market than a content site. They match up freelancers with clients. Fill out your profile and apply for writing projects on their job board.

Wise Geek – You choose from a list of available subject titles, there is an editorial process, they pay up front usually over $10 per article. They have a 10 article per month minimum. Most reviews were positive.

Writing Campus – Offer 70% Adsense revenue. Articles must be at least 300 words long and original. They have a 5% by referral program. You sign up with your Adsense account. When I tried to check out the site it said the domain name had expired Aug 13, 2010.

Xomba - They share 50% Google ad revenue and you are paid by Google through your Adsense account. No review process. Pay is low at first, but some claim to be making several hundred dollars per month. There are 50 word and 150 word minimum formats you can write in. Most reviews are positive.

Related Reading:

10 Ways to Earn Fast Money

Bucks Guide to Making Side Cash

Wednesday

Is Peer to Peer Lending a Money Maker?


As I have been looking around for ways to make money other than in the stock market I kept running into peer to peer lending, so I decided to dig in and try to find out if this would be a profitable endeavor. Peer to peer lending, or P2P, involves the individual lending and borrowing of money from one person to another outside of a traditional financial institution. Reasons for borrowing can include everything from paying for a wedding to consolidating debts, and is usually performed through an online lending firm. The lending models can include direct lending to an individual or to a pool of borrowers, and can be either unsecured or involve collateral.

I decided to take a look at some of the larger P2P sites to help me decide if I want to pursue this as a money making opportunity. The following is what I learned.

Prosper – There are several ways to invest with Prosper. Their automated plan allows investors to automatically bid on listings that match specific criteria. You can also diversify your risk by spreading smaller loan amounts across many borrowers. The minimum investment is $25.

Another option is to invest directly by viewing the loans that borrower’s request, which are unsecured, fixed rate loans with multiple terms. Borrowers are asked to describe the purpose of the loan, and their credit information is included to help you decide on a bid. You can also sort the listings by different variables such as time left, amount and loan category. There is a 1% annual loan servicing fee on direct P2P borrower loans.

You can buy notes (loans) from other lenders or sell yours using their trading platform operated by Folio Investing. They charge a 1% transaction fee for every note sale.

The blog reviews and comments about Prosper I read on the web ran at a two to one ratio of negative verses positive experiences. Most of the complaints from investors were of high loan defaults, while others claimed to have no problems at all with loan repayments. Prosper claims to have implemented a much more conservative risk management strategy which has led to a loan loss rate drop of 65% since the site’s 2009 relaunch.

Lending Club – Just a little newer than Prosper, Lending Club works basically the same way, minus the bidding. There is a service charge to investors of one percent of each payment received from the borrowers. They offer 3 or 5 year notes and claim that since 2007 investors have earned an average net annualized return of over 9.5%.

The reviews and comments that I read on the web about Lending Club were around three to one positive verses negative experiences, quite the opposite of what I found about Prosper. Most investors said they were making a return of from 9% to 11% and there was not much mention of loan defaults.

Loanio – Currently the site says “Loanio will not be accepting registration from lenders or borrowers, or approving new loan requests, until further notice. We appreciate your patience during this “quiet period” and hope to reopen for business as soon as possible.”

Kiva – If you are interested in using some of your money in a charitable way take a look at Kiva, which is a non-profit corporation that matches lenders with low-income entrepreneurs in various countries. The borrowers are considered at high risk of non-repayment and the loans made are philanthropic in nature with no offered rate of return.

So what are your thoughts on P2P lending? If you have tried it how did it go? As for me, I found out residents of my state are not allowed to invest in either Prosper or Lending Club, but if I could I think I would try Lending Club first.

Additional Reading:

What Financial Advice Would You Give to Future Generations?

Do You Give to Panhandlers?

Is It Tougher to Save Money or Make More?

Make Money with a Metal Detector


With a lot of patience (60 to 80 percent of what you find will be trash) and a little luck (just one find could make your dreams come true) this hobby of looking for lost items could serve as a money maker. A buddy and I went out last summer with his metal detector and while we didn’t find any lost treasure we had a good time and are planning on going again.

After deciding what you want to search for (jewelry, gold, silver) and where (land or water) you will have a better idea of the type of a detector to buy and how much to spend. Once you have learned how to use it you can begin searching at the beach, parks, fairgrounds, parking lots, ball fields (make sure to search under the bleachers), the grassy strip between the sidewalk and the curb, church yards, vacant lots, cemeteries, really almost anywhere people have gathered. Try searching after a heavy rain as the wet ground has more connectivity and it is easier to dig. Of course if it is private property make sure to ask the owner for permission. It also helps to know the local laws regarding metal detecting.

Some people have placed ads online offering to search for lost items for a reward if the item can be found. It might be a good idea to join a club to learn from those with more experience. If you find something substantial you can take the item to a jewelry or coin shop to find out what it’s worth. Following are some helpful sites to help get you started. Good luck!

Metal Detector Reviews – This site is a good starting point when trying to decide what kind of a detector to buy. It features user reviews of many different types of metal detectors broken down by manufacturer and price. They also offer search tips and a list of over 100 places to look for your loot.

Go Metal Detecting – This excellent site offers searching and cleaning tips, tutorials, treasure stories, a forum and a link list of detecting clubs.

Related Reading:

Bucks Guide to Making Side Cash

Make Money From Medical Tests


All over the world drug companies, universities, hospitals and clinics are looking for both healthy people and those with specific health problems who are willing to participate in medical studies. There are short and long term opportunities available for those who are looking to get paid to take part in clinical and medical tests and drug trials. You can help to advance research and make some side cash at the same time. To find tests and trials near you try searching Craigslist, college bulletin boards and newsletters, the internet and newspaper ads. The following are a few resources to get you started.

Just Another Lab Rat – This is a good site to start with to learn more about the clinical research process, including where the clinics are, what the qualifications are, what the various phases mean and what it's like to do a study.

Guinea Pigs Get Paid – Another great site to learn more about and locate medical trials, paid clinical trials and various other research studies. They offer an extensive FAQ section as well as a clinic finder.

Bio Trax –This site bills itself as “the most comprehensive, information, advisory service for Healthy Volunteers wishing to participate in medical trials, clinical trials, drug trials and paid medical research.” I found out they ask you to register and pay a membership fee, which I would not do. I included the site anyway because it does contain some useful free information.

Clinical Connection – You can use this site to search for clinical trials as well as use their message board to discuss health, illnesses, medicine, and clinical trials.

CIRCARE – This is the website for “a human rights organization dedicated to the protection of human subjects in research and medical treatment.” Check out the news and information sections for loads of links to everything from lawsuits to books on bioethics.

Related Reading:

Make Money with Focus Groups

How to Find Free or Cheap Health Care

Save Money on Meds

Thursday

10 Ways to Earn Fast Money


The following is a guest post written by Jena Ellis with Online Certificate Programs.



Whether you’re broke as a joke or just want some extra spending money, there are several ways to get paid without putting your internal organs on the black market. Here are 10 tried-and-true ways to earn fast money:

Sell Clothes

A quick way to earn money is to sell your gently-used clothes, shoes and accessories to resale shops that will give you money for the items they want. Depending on the brand, condition and style of your items, you may only get 50 cents for one shirt and $5 for another. Either way, you’ll make enough to buy dinner and free up some space in your closet.

Donate Plasma

Donating plasma is an easy way to make some great money every month. For every donation, you can expect to receive $20 on average. Some places will let you donate twice a week and give more money each time you donate. If you’re healthy, have two hours of your day to spare and not afraid of needles, donating plasma may be your best bet.

Freelance

If you’ve got the time and determination to find work opportunities, freelancing can be a very lucrative endeavor. Freelancing isn’t limited to writing, editing or publishing either, there’s also computer programming, web design, consulting and graphic design opportunities on the web. If you’re talented in the field and able to meet strict deadlines, freelancing is an option worth exploring.

Sell Stuff Online

Craigslist, Ebay and other online marketplaces allow you to sell your belongings at your asking price. You are responsible for setting up an ad, describing the items and providing contact information. From furniture, books to workout equipment, your stuff can sell very quickly and you’ll be surprised how much some people are willing to spend on your junk.

Pet Sit

Pet sitting your neighbor’s cat, dog, bird or hamster is not only easy to do, but you’ll also earn some serious dough in the process. If not already instructed to do so, offer to pick up the newspapers, take out the trash and get the mail as an added incentive to pay you more. Once you get in good with one neighbor, they’ll pass on your name to other pet owners.

Clean Houses

Starting a cleaning service is a guaranteed way to make fast money because everyone has to clean their house, but most people would rather someone else do it for them. In order to keep people from hiring a professional maid service, you may have to drop the price or throw in some bonus services, such as doing laundry, organizing closets or polishing hardwood floors.

Babysit

If you have childcare experience and like kids, babysitting is a great way to make some fast cash. Today’s babysitters can make upwards of $10 an hour or more to watch kids on a weekend night. Babysitting can be tiring, but at least you’ll be leaving the house with immediate pay-off.

Cash in Your Change

Take your dusty piggy bank to the bank or a coin counting machine to turn your loose change into dollar bills. Turning your coins into cash may cost a small processing fee, but either way you’ll be happy to have cash and not just 800 pennies sitting around.

Rent Out Your Space

Is your roommate moving out for the summer or do you have an empty room in your new house? If you’ve got a vacant bedroom, study or basement, rent out the space to a college kid or someone who needs a place to stay immediately. You can determine if you want to charge a flat fee or calculate bills into the rent, but first make sure they have a job and can afford to stay at your house before renting out a space.

Return Past Purchases

If you’ve been having buyer’s remorse for getting that designer purse or splurging on a flat-screen TV now is your chance to return those items and get your money back. Depending on the store return policy, as long as you have the receipt, the price tags are still attached and it doesn’t show any wear, you should receive a full refund that will go back into your pocket.

Related Reading:





Monday

Make Money by Selling Your Bones


Okay, not the bones in your body, but how could I resist using that title? I’m referring to animal bones you might collect while walking in the woods or other remote locations. I have been a bone collector since childhood, when I would gather skulls and miscellaneous bones of possum, raccoon, deer and all sorts of other deceased creatures from the wooded ravine behind the house I grew up in. Over the years I have continued the habit, usually while taking my dogs out in the woods. While some might find the habit of picking up dead animal bones as distasteful, I see skeletal remains as mysterious and full of beauty, a view I suspect is shared by most osteologists, archeologists, zooarcheologists as well as paleontologists.

While I am not really interested in selling the bones I have collected over the years, a while back I got to wondering, as I tend to do with many things, if there was a market for them. I was half surprised to find out that there is. A little online research turned up the following sites where you can sell your bones.

Clear Creek Trading Company – They sell Indian artifacts, skulls, animal bones, leather hides, fur pelts, art and craft work, medicinal herbs, beads, cowhides and many other related items. I contacted them and asked if they purchased from individuals and they confirmed they do.

Skulls Unlimited – Their main page asks if you have a skull to sell and gives their email address. They offer mammal, reptile and human skulls and skeletons as well as fossils, osteology books, skull teaching kits and many miscellaneous items. Make sure to watch the Mike Rowe Dirty Jobs video while there.

The Bone Room – They buy from private individuals. Email them with photographs and a detailed description, as well as an asking price. They sell animal skulls and skeletons, human bones, framed insects, fossils, eggs, claws, horns, and much more.

The American Headhunter – Their products include bird skulls, books, reptile skulls and shells, snake skins, fish skulls, mammal skulls, and miscellaneous items such as porcupine quills and deer antlers. I contacted them asking if they bought from private individuals and they said the best way to determine if they want what you have is to call them.

Related Reading:

Bucks Guide to Making Side Cash

A Walk in the Woods

Make Money with Focus Groups


Wikipedia defines focus groups as “a form of qualitative research in which a group of people are asked about their perceptions, opinions, beliefs and attitudes towards a product, service, concept, advertisement, idea, or packaging.” There are many companies that use focus groups to either improve existing products or services or to review new ideas. This is where you come in and why you might be interested: they pay you for your participation. If you are interested in exploring this money making opportunity take the time to visit the following sites.

Important: While doing your research remember that you never pay money to a focus group or to a company/site that offers to find focus groups for you. THEY pay YOU.

Find Focus Groups – They are a focus group aggregator that you can use to find focus groups by country, state, city, category, etc. They say they scour the net for legitimate focus groups while weeding out bogus and "spam" ones.

Markets Directory - Use this site to select the market you want to participate in, locate the focus group facilities in that market and find the web site of the facility.
Many sites will have a link to a questionnaire for those who want to participate.

Focus Pointe Global – They have over sixty focus group conference rooms in several locations across the United States and around the world, but they also conduct focus groups via telephone.

Related Reading:

Make and Save Money House Sitting

Save and Make Money by Curbing

Make Money Selling Plants

Thursday

The Best Advice to Making Money Online…Don’t Lose it to Investment Scams


The following is a guest post by Bryan Sayers, who writes on the topic of online forex investments. He welcomes your questions and comments to this post.
Perhaps the biggest misconception among those seeking to make money online is that it’s easy. An easy buck! However, in reality, generating income online requires the same diligence and hard work as making money in any other entrepreneurial venture. Having this mindset alone can help a person avoid many of the investment and financial scams that litter the web. In this article, we will identify several red flags that often appear in online investment scams.

The Guaranteed Return

The biggest red flag in an investment opportunity is the promise of a guaranteed return. If a website or financial product ever promises a guaranteed return, it is one of two things. One, an outright scam in which the seller is intentionally attempting to bilk you out of your hard-earned money. Or two, a seller who is ignorant of the true nature of financial markets and finance in general and believes they have stumbled upon the golden secret. Either way, you want to steer clear of the situation. The world of finance is unpredictable. A basic tenet of market theory is that anything can happen at any time. Thus, no investment is 100% secure.

Cheap Sales Language

Earn Huge Profits in No Time At All!! Work Next To Your Pool From a Laptop Computer!! 6 Days of Work To Earn 3 Months of Pay!! Many investment scams prey on our desires for financial success and independence. Scam artists are fully aware that anyone looking at their advertisement is looking at it because they want to make money and they want to be financially independent. So instead of sharing the practical steps to generating lasting wealth, including hard work, discipline, diligence, content-area expertise etc, they instead appeal straight to our emotions. When you see this type of cheap sales language accompanying an investment opportunity, let is serve as a warning sign.

Transfer of Funds

Any investment opportunity that requires you to wire transfer funds to a certain bank account should be treated with the most extreme levels of caution. This can apply to several different types of investment scenarios.

First, let’s examine financial brokers. Many people who are seeking to generate money online become interested in the possibility of trading financial markets. It should be understood that financial markets are heavily regulated by government agencies including the Securities and Exchange Commission (SEC), the Commodity Futures Trade Commission (CFTC), and the National Futures Association (NFA). The best wisdom is to conduct business only with firms and persons registered with these organizations. Although registration with these government agencies is not a guarantee against fraud by any means, it can greatly reduce the probability. An individual should exercise great caution in ever depositing funds with a “broker” that is not registered with any of these agencies. The reason is because these unregistered brokers can simply close up shop any day, and run off with all the deposited funds in their firm. That means you, the investor, would be out of all your money.

Second, let’s briefly examine a request for money. Any investment opportunity that requires you to wire money or send goods to an undisclosed destination should be avoided. These scams are rampant on online advertisement venues such as Craigslist.

The requirements to making money online are no different than making money in any other business venture. It takes hard work, discipline and time. It won’t happen overnight. Simply being aware of the few red flags discussed in this article will help people navigate the sometimes murky waters of online investments and business opportunities.

Monday

Make and Save Money House Sitting


Would you like to travel the country, live rent free and possibly make some money doing it? Consider house sitting. What’s house sitting? It’s when you live in and maintain a person’s house during the time they are away. House sitting jobs are available all year long all over the world, can last from a weekend up to a few years, and many times involve taking care of pets as well.

There are opportunities available in this field just working a few gigs a year or you can dive in head first and become a full time professional house sitter. You save money by living rent free and can sometimes make money by charging the homeowner fees for special tasks. There are quite a few house sitting service websites that you can register with that will, usually for a fee, try to match up homeowners with house sitters. Before you sign up with one or send any money make sure to perform an online search for reviews of the house sitting website you are considering joining.

If you are thinking of a specific area that you want live in check the town community web site for house sitting jobs, as well as the Craigslist postings for the area. You could also place ads on virtual bulletin boards advertising your services. You will need some good references and also be willing to submit to (and pass) a criminal background check.

Still interested? Here are some sites to explore.

The Caretaker Gazette - This site offers “a unique newsletter containing property caretaking and house sitting jobs, advice, and information for property caretakers, housesitters, and landowners. Published since 1983, it's the only publication in the world dedicated to the property caretaking field.” Subscriptions start at $29.95 per year.

HouseCarers – They provide “the most comprehensive information available on house sitting. We guide you through the process of successfully matching homeowner with sitters. Housesitters list their preferences through a simple registration process. Homeowners communicate with sitters through our confidential message system to preserve privacy and security.” Membership is $45 for 12 months listing.

House Sitters America – “Whether you need to find someone reliable and experienced to watch your home and pets or are looking for lucrative house sitting jobs that involve exciting travel, free rent, and extra income opportunities - House Sitters America is for you.” Cost is $30 for 12 month membership.

Luxury House Sitting – They say this site was “created with one idea in mind -- to help luxury homeowners locate responsible house sitters and to give house sitters the ability to build a trustworthy profile.” Membership is $10 per year.

House Sit World – “An international service for house sitters, Caretakers & pet sitters since 1999. House sitters wanted for House sitting in U.S.A, Europe, London, England, Australia, Canada, Paris, France, Spain, Italy, Greece, Germany, Portugal, New Zealand.” Payment options are by various currencies via PayPal, including $40 for 12 months.

Related Reading:

How to Make Money from Vacant Houses

Friday

Save and Make Money by Curbing

curbing (kûrb ng)
v.
1. To search for reusable or sellable items set out as trash along streets or sidewalks.

Okay, I couldn’t find a definition for curbing online so I had to make that up, but it’s a pretty good one line description if I do say so myself.

In his Lost Notebooks Loren Eiseley wrote of a compulsion he usually had of picking up small discarded items while taking walks. I have a similar habit but it involves collecting larger stuff while driving around. I have been curbing since I was a kid and probably would continue even if I had no reason at all to do it.

I remember when the addiction first hit me. I was maybe 12 or 13 when I decided to build a club house out of old boards from a barn my brother and I had torn down. Behind my house was a wooded gully with a stream running through it and that’s where the little club house went up. When it was finished the next obvious step was to furnish it, but we had no extra furniture sitting around unused. Soon came garbage day and low and behold it was revealed to me: I could gather everything I needed from other people’s trash. I found a couple of upholstered chairs, a table, carpet and enough scrap wood to build a second story! Joy!

During the early salad days of our marriage, when we had very little, curbing helped to furnish our apartments. My wife has the infection as well, maybe not quite as bad as I do. Even after buying our house we continue to curb items. Looking around the place today I see found items such as two wicker chairs on the front porch, the entertainment center in the living room, a table and chairs on the back deck.

Besides just driving around getting lucky an excellent way to hunt for treasures is to find out when a local community has a weekend clean-up day, usually in the spring. Many towns and cities have web pages you can check for a community calendar, or just call city hall and ask when it will be held. My wife and I have hit two so far this year yielding plenty of scrap lumber to build with or burn as kindling, a replacement grate for my grill and a box full of country music cassettes.

As for how to make money curbing? Clean up the stuff you find but don’t want, take a photo of it and list it on Craigslist. That’s probably where those cassettes are going to end up.

Related Reading:

How to Make and Save Money with Pallets 

How to Pick Up Cans for Fun and Profit 

Can You Really Find Good Free Stuff on Craigslist?