At the core of our society, people make money by selling stuff to others. Why? Because people need stuff. Even the most "self-sufficient" person in 2010 cannot supply themselves with everything (heck, even Thoreau needed some help). If you want to sell stuff, you need someone to sell to -- someone who needs (or wants) your stuff. The more people who need or want your stuff, the better! And that's the case for a variety of reasons, the most basic of which is the more people there are, the easier it is to reach out to them. If there are five people in your community who have interest in your stuff, it's a lot harder to find and get in touch with them than if there are five hundred or five thousand people in your community with interest in your stuff. And by extension, that means it can take a lot less time to find a buyer in a pool of five thousand prospective purchasers than in just five. So, if you want to sell your stuff fast, your stuff better be something that a lot of people have a need or want for (the only real alternative is to have a buyer pool with a smaller number of people who have a very serious need or want for something -- see commercial and military airplanes, for example -- but in reality those are the exceptions rather than the rule).
When you think for a second, what are the true necessities of life? Food, water, shelter and habitat. Okay, so you could start a lemonade stand, or maybe buy one of those portable hot dog stands. The latter has a pretty high startup cost, though. And lemonade stands are neat and all, but that might probably look a little weird if you're older than ten or eleven. Fresh, drinkable water is incredibly scarce and even if you find an unused spring, building a purification and bottling plant is rather expensive (bottled water providers apparently agree on both points: http://www.cnn.com/2007/H
So now we have our stuff. For the sake of argument, let's say that we've made it ourselves or purchased it from a wholesaler or whatever. How do we sell it? You could go door-to-door. Not very costly from a transportation standpoint. But your pool of potential purchasers is now whittled down to how many people you can find. And besides, there's no guarantee that the people you do find will be interested. That doesn't seem very efficient. If people need or even want something, they're in a position where they should be finding you! Of course, I don't mean to say that you should just sit in your house with these clothes you want to sell and never tell anyone that you're looking to sell, and just assume that people will telepathically find you and start banging down your door ... but with this kind of stuff, there is always someone who needs it, and if someone needs something, they will more often than not go out of their way to find it.
In 2010, if people need to buy things, where do they look? They could look in a catalog, a brick and mortar store (or an ad in a newspaper or magazine that acts as a mini-catalog for a brick and mortar store), or online. Starting a product catalog and getting it in the hands of consumers doesn't exactly sound like a fast process. Nor does opening a brick and mortar store, or even putting together -- to borrow from a previous example -- a clothes stand. So how about online! While the pool of prospective buyers created by a catalog is limited to the number of people receiving it, and the pool created by a brick and mortar store to the number of people who pass by it and hear of it by word of mouth, with the Internet your pool automatically starts at over 230 million in the United States.
You could start your own store website, but that can take a good amount of effort just to get up and running, and frankly you may as well go back to door-to-door marketing given how difficult it can be to get even a few dozen people to visit your website a day. Or, you could pay someone a nominal price to place your stuff on one of the most popular websites in the world. Someone who reports having tens of millions of active accounts. Someone like eBay. Where purchasers go to find things to bid on or buy right then and there and sellers go to make sure that those purchasers find what they're looking for.
So...to finally answer your question, I'm of the opinion that the fastest way to make money outside of setting up a food and drink cooler at a fair, beach or busy street on a hot summer's day is probably just to buy various generic clothing items from wholesalers (like t-shirts, for example from http://www.blankshirts.co
A2A: I’ll tell you the secret to the BEST way to make ABUNDANT MONEY:
- Leverage
Let me ask you something:
Does working harder make you more money?
Billions of people around the world are working harder than ever in history and they cant seem to be able improve their finances…
Do we need to work harder?
Is it even possible?
Most households require a combined income of husband and wife to barely make it, yet, even with this extra effort, its not good enough, many of us must fill the financial gap with credit; which adds additional stress.
What went wrong?
The Industrial Revolution raised the most wealthy generation in human history: Baby Boomers.
But now humanity faces a HUGE problem:
Today we are past that labor-intensive age.
Politicians promise: “I will bring jobs back to America”… really? Thats not going to happen! IMPOSSIBLE!
Today, we live in a new world, a new economy, a new age of accelerated change and these changes are causing confusion.
We are now in a technological revolution: I call it the Leverage Age.
TECHNOLOGY = LEVERAGE!
Over the past few decades our economy has been slowly shifting from the Industrial Era to the Digital Era. Digital transformation “disappears” physical products. Photography, mail, documents, music, books… All dematerialized. Disrupted. As a consequence, millions of jobs that depended on such industries are struggling to make a good living. And this is just the tip of the iceberg.
Do we understand it? Are we aware of it?
I think billions of people are still blind to this new reality. Today´s changes are invisible. This is an invisible enemy. We cant easily see the changes. But… wow… can we feel them!
During the Industrial Revolution people could see physical change and progress. Efficiency and technological advances were easily exposed. But today, how can we fight an enemy we cant see or understand? People need to visualize and understand disruption.
Whats the solution?
I believe education is our only hope.
I strongly believe that ignorance will be the #1 cause of poverty in the decades to come. Hard work is not good enough anymore. We need a new ingredient: Leverage.
The BEST way to make abundant money in this new economy is learn, master and apply the most important knowledge of the 21 century:
Tech-leverage!
. . . .
I train merchants on MultichannelSecrets.com to expand their customer reach and establish new revenue streams without huge upfront costs with the power of Cloud Technology. Follow me on Quora for more business tips!
There are several ways to go about answering this question, and it all depends on your risk tolerance. If you’re risk seeking, start a company. Starting a company is likely the riskiest way to go since you’ll, in most cases, have to take on some sort of debt. This debt can come in the form of foregone wages, savings, or actual borrowed money. If you’ve successfully started/exited a company in the past, you may be able to convince a fellow risk seeking person/angel or venture capitalist to fund your startup.
If you’re risk averse, you can take a more established route like blogging, drop-shipping, wholesale -> retail, freelance work, etc. The reward with almost any risk-averse option is very positively correlated with time/effort. I suppose this is the case with anything, but it’s even more true here. If you spend several thousand hours learning to code you’ll be able to make far more money than any blogging or spread/margin profits via various schemes.
Of course, I didn’t answer your question for no reason, my company offers a very simple way to make money online. Read about it here: Make Money Online.
1.Make upto 20k usd per Month on Youtube
You don't even need to be as famous as other are suggesting. Lets do some math.
Based on this blog, pre-roll ads generate $5 per 1k views and banner ads generate $0.80 per 1k view. For this example we will settle on average $2 per 1k views.
2.Doing other people’s homework and assignments: Online Tutoring, Homework Help, Assignment Help is a platform where college students from around the world post their homework, assignments, projects and subject queries. I answer them as an online tutor and earn cash rewards for it. I also earn Royalty on my answers. It means that if website sells a subscription because of my answer, I earn 80% of whatever the student pays as the royalty – even long after I have stopped working for the website. Great place to build passive income source for your future!
3. You can earn $5/day from 2 simple websites and you don't need to invest any money.
1. Fiverr - do whatever you can (cover design, video editing, audio editing, content creation, proofreading, video recording).
2. Write articles on iWriter (work 1-2 hours a day for the first 25 reviews and then less than 1 hour/day for $5/day). You can start this within 10 minutes. All you need is a PayPal account and a PC.
3. Work on Freelancer as a Virtual Assistant - write content or take advantage of your skills.
To get results really quick, I highly recommend iWriter. Since I was 18 years old (now I'm 23), I've been trying to make money on my own by using the Internet:
- I bought watches from eBay from China and resold them for a commission;
- I worked as a Virtual Assistant;
- I wrote articles for an Indian Automotive Forum;
- I tried to create 3D models, but I failed completely;
At the moment, I run a blog and I self-publish books on Amazon on different topics (most regarding online marketing and self-improvement).
If you want to start a business, you will need money. A blog requires capital, to publish a book requires capital, to create a course requires capital. 99% of the businesses require capital, but iWriter is the best way to start making money, especially if you only need $5/day.
I have a completely free eBook of 25 pages which explains 20 ways to make money online today (even if you don't have starting capital).
