1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

Making Quick Startup Cash (or paying your rent in bad situations!)

Discussion in 'Making Money' started by Tensegrity, Oct 5, 2013.

  1. Tensegrity

    Tensegrity Jr. VIP Jr. VIP Premium Member

    Joined:
    Apr 22, 2009
    Messages:
    1,823
    Likes Received:
    968
    I keep seeing threads from people that are in a rut and need cash fast. It's a sign of the times -- people workin' their ass off in IM cuz they see the potential, but having no money to actually live on!

    There's a lot of hurdles in IM but, at the end of the day, the toughest part about starting with IM is getting your first paycheck. There are so many threads here with hardcore methods to making money, but it can turn out to be fruitless searching if you're looking for methods of making money fast to fund your IM (or just plain live!) and not necessarily through IM itself.

    Over the years I've gone through quite a bit of money-making brainstorms by myself and with friends and partners for coming up with some start up cash for getting myself off the ground. Sometimes it seems like there is no possible way to materialize money out of nothing, but I've learned to stick to my motto of

    "where there is a will, there is a way"

    because it's absolutely true. Not all of us have trust funds or rich parents or benefactors, not all of us can get jobs so easily. We need ways of pulling in some quick cash to get ourselves settled before we can even think about IM.

    Here are a few simple tried and true methods of taking care of yourself when you're in a rut or if you just need some start up money to get your master plan in motion -- and please, don't get all huffy about these being obvious or shameful; obviously too many people overlook this stuff since we keep seeing desperate threads, and too many people are quick to judge before realizing that most successful people started the same way!

    1. Sell something you own

    I know you have a dream of being a rock star, but if you aren't using that guitar to make money then you should sell it and buy a new, better guitar later when you got income flowing in.

    2. Answer craigslist ads in the gigs section

    Lose your filter, don't be picky. You'll get more gigs and learn something about how whoever is hiring you runs their business while making some fast cash at the same time. You could clean an apartment, hand out flyers, write some blog posts, etc. I admit that I live in New York, so the gigs are a plenty here, so this may not work for everyone.

    3. Offer your neighbor help

    This is tricky because you may have too much pride or you may not want to charge your neighbor for help. The truth is, though, if you target the older males who live around you, they will most likely see you as being a resourceful, hard worker and respect you for it. Offer help with something like cleaning up their trash bins or raking the leaves for a very small fee like 5 or 10 bucks. Do a damn good job, they will probably tip you. Worst case scenario is you make 5 or 10 bucks and establish a better relationship with your neighbor, best case scenario is you make more money than you anticipated and establish a better relationship with your neighbor.

    4. Provide the booze at a party

    Charge $5 a cup. Your investment could be $100, if you get 25 people buying 3 drinks each, you've already made a serious ROI.

    5. Beg your affiliate manager to pay you early this time around.

    This is a little shameful, but they may do it if they feel bad for you. After all, you've made them some money. I don't recommend this though, just that it's a possibility if you're truly hurting. If you made $500 but gotta wait a month to get it, asking for an advance really won't make a dent in any large ad network's revenue for the month, I'm sure they can afford to advance you. The worst that can happen is they say no and don't take you very seriously until you show serious volume in the future.

    6. Overdraw your bank account.

    Not sure about other banks, but Bank of America usually lets me overdraw by a percentage over what I have, so if I got like $400 in there I can withdraw like $700 and all the ATM will do is say "this will overdraw your account, do you want to continue?" Of course I do! :) I haven't done this is a very long time though (I think like 2007??), method could be outdated. Also, remember, you will be charged a $35 fee if midnight comes around and you haven't returned the money, and you'll be in a negative balance. Debt sucks, so I don't recommend this too much either, but it does get you your rent money when you're in a rut.

    7. Sell precious metals to metal buyers in the city

    You could spend a day taking apart all sorts of junk and scraping out the scrap gold, silver, copper, bronze, etc and then take it down to the "We buy gold!" shop (recommend looking them up first to find the ones who buy scrap metal and not just jewelry). Finding metal in junk is tedious work but you can do it. Look in computers, calculators, etc. You gotta do some research to figure out which items contain which precious metals, but all it takes in the end is walking around the city and grabbing those items that people are throwing away. Also, this might be useful: http://www.scrapmetalforum.com/

    In fact, you could even sell your girlfriend's or mom's or sister's jewelry if they don't want it. If they say no, offer them a percentage of the sale. Even if you offer them the bigger percentage, you'll still make money.

    8. Create a flyer-design business

    You'd be surprised how lazy people are and just want a flyer made. This takes work, but the basic idea is you send out emails or make phone calls like any other business and offer to make flyers for a fee. All you need is a computer and a printer. Just make sure you charge more than what it costs to print.

    9. Start a web design business

    Offline marketing usually entails a web design front and for a good reason. People just don't know how to make websites. You probably know more than you think you do about creating a website, but all you really need to do is offer a website for like $100 and just use $25 to buy a premium theme that you can tweak. You can even use the often shared method of telling your client they need hosting and sending them through your affiliate link for hostgator when it comes time to making the site live and make even more money from it. Getting the clients is tough because there is so much competition, but at $100 a site, I'm sure you can beat out the competition pretty quick. Print out some flyers and go door to door, email the owners of domains that have shitty designs (whois search, for noobs), peruse yelp for places that don't have websites and call them. This all takes time, which you may not have but, regardless of what you may have heard about running a web design business, if you hustle you can get off the ground very quick, even in just a few days.

    10. Good ol' Ebay/Craigslist Arbritrage

    I know it's been shared before, but people forget how easy it is to bank fast with this. Simple method, fast cash: find stuff for free or cheap on craigslist, sell it on ebay for more. Again, you gotta hustle cuz this takes work between scoring items (emailing, research), picking up items (travel), and shipping items (post office, packing up). You can always open a UPS account and have them visit you every day for pick up once you get going. Set the Ebay auction for the 7 day period. If it's a good item, people will pay as soon as they win cuz they want it. You can always find your items another way, like wholesale dropshippers, but I'm assuming you're broke if you're reading this, so that won't work.


    11. Sell your clothes

    Many thrift stores in the city will give you money for your clothes, albeit not much. You can sell them on ebay or craigslist as well. Remember that you're never going to get what you think they are worth, and it's a little trouble selling certain sizes, so it's always good to do your research before you sell. A thrift store, though, will usually buy anything that isn't stained or torn.

    12. Flip domains & websites

    kasher9 has a good thread on this, but there are still more ways to do it than just Digital Point marketplace. You can go through forums and search for people looking to buy and sell. You gotta get creative but, as kasher9 noted, you gotta do the background check on the domains so you don't end up with something useless. Get a PR3+ domain, build a quick website for it including content and relevant adsense and SEO plugins, make it look pretty and list it on Flippa. As kasher9 noted, this is "cold hard cash" since it's a product you are selling and not waiting to be paid from an ad network. This method takes time and hustle, but website and domain flipping is probably the fastest cash you can make in the industry.

    13. Repackage a WSO

    I don't always recommend this as people tend to write shitty WSO's, but there *are* some good ones. If you find a good one, simply do it over with your own creative twist. For example, I remember seeing a couple about creating flyers with iPad offers on it and handing it out to college students. You could take that method and turn it into "ringtone offers and hand it out to high school students" or whatever other offer and market you wanna go by. Doesn't matter cuz you are not going to be doing this, you are just telling how it's done and then selling it in ebook or video form as a paid product. Once the product is done, buy some email drops on some large lists from reputable IMers. You could spend $25-$50 on a drop, sell the product for $47, make a few sales and get a decent ROI. Again, this is fast cash, not "the best product ever sold". Old method, but tried and true!

    14. Sell your artwork

    Whether it's something you created or something you just happen to own, people in cities especially are interested in supporting the local art community. In New York, you can set up a stand anywhere in the city and sell your art on the street. People do this and live off of it, no joke. While you are selling, you can sit there and draw or paint more. Tourists like to walk by and watch you paint and then end up buying something. I'm sure there are similar situations in other major cities in the U.S.


    15. Buy and sell Vinyl Records

    Vinyl records have come back in a big way, but people don't realize it. I just bought two crates of records (about 100 records total) for $35 the other day -- that's 35 cents a record. Yes, many were old and worn, and no, I'm not interested in selling them, I'm just a collector who also dabbles in turntablism. BUT -- I could do some research and sell them if I wanted to. Many have worn sleeves, but all a DJ cares about is whether or not it's scratched, and even a collector like me just likes to hoard, so we'd be willing to buy them even if they got a scratch or two and a worn sleeve. If it's generally clean, list it on Ebay or Craigslist with an honest assessment of it's condition and for what your research shows is the market price minus a few bucks.


    16. Old Fashioned Lemonade Stand

    This sounds cheesy, but damn does it work! So, I'm walking by this kid and her mom with a propped up lemonade stand back in July this year. Really hot day, and damn I needed that cold drink. The little girl was so excited to give me a small cup of lemonade for $1. Lemonade from a jug that her mom probably made with her for 12 cents. With an ROI like that, it hit me that this kid had the best business on the block, maybe in the whole city!

    Hot days are almost over in the Northeast U.S. where I live, but there are still hot climates down south year round. I believe you technically need some sort of license for lemonade stands in most places of the U.S., but people do it without licenses all the time. And if you got a kid, it's time to exploit them the old fashioned way and get some dollars rolling in. Put half of it away for her college fund, keep the rest for gas or rent money. On a good day, one of these stands could easily pull in $100 in a high pedestrian traffic area. Not bad for hangin' out and selling cups of juice!

    17. Dollar Store Arbitrage

    I've found the cheapest things ever in the .99 cent stores in the city. Craziest thing was when I moved from Queens to Brooklyn and saw that the same items in the dollar stores in Queens were being sold for a couple bucks less in Brooklyn. First thing I thought was, "wow, you could buy this stuff here and go sell them up in Queens and make a profit!". It then led me to the idea of buying from the dollar store then selling on Ebay. Like anything else, it's gotta be something people want, so do your research.

    18. Sell accounts

    People need accounts. Outlook, facebook, pinterest, stumbleupon, gmail, yahoo, the list goes on. There are tons of providers. They sell them rather cheap sometimes. How? They use bots to create the accounts. Therefore, all you need is an account creator and a market, and voila, you are in business. You don't need to open a thread in BST for this, you just need to start a dialog with your peers in the forums. Don't go spamming your services, just throw it in your signature, mention it in passing, people will appreciate account creation services and trying out a new seller. Again, please don't spam! and don't rip people off. Be cool and the karma will come back to you.


    19. Sell your textbooks

    If you went to college, you likely have expensive textbooks. You can sell those online and at least make your money back, though times are changing rapidly and the price is getting lower and lower as kindle and ebooks take the place of textbooks. But it's still worth looking into if you've got them. Just go to google and do a search for 'sell textbooks' and do some research.


    20. Have a bake sale

    If you have cooking skills, you can get involved in community bake sales. This also may sound cheesy to a lot of people around here, but the truth is that it's a business just like any other. Look into your area and see if there are any bake sales. If not, create your own, and you could even organize it yourself and make more profit from renting out the space to other people.

    21. Community Flea Market

    NYC has these all the time. Like most flea markets, it's basically one giant yard sale. People sell their furniture, books, dolls, decorations, records, kitchenware, etc. The prices are always cheaper than you would find anywhere else, so you could actually go the other way and buy the items there then sell them on craigslist or ebay.






    More soon...
     
    • Thanks Thanks x 14
    Last edited: Oct 5, 2013
  2. steelballs

    steelballs BANNED BANNED

    Joined:
    Dec 5, 2008
    Messages:
    1,832
    Likes Received:
    4,562
    OP Thanks for the share and time spent pulling all the info together...:cool:
     
    • Thanks Thanks x 1
  3. larrydetuvi

    larrydetuvi Regular Member

    Joined:
    Mar 7, 2011
    Messages:
    249
    Likes Received:
    80
    I remember when a friend went through a serious cash problem, he invested the money he had left in a party, if you can organize them properly, the ROI is huge, you just need a place, entertainment and booze. He had a deal with one major beer provider, they provided all the beer he needed, even helped to set up the bar, The only condition was being the only brand of beer in the event. They allowed him to pay when the event was over, so the only "strong" investment he had was the local. Entertainment was provided by an amateur DJ who did it at a discounted price in exchange of the promotion.
     
    • Thanks Thanks x 2
  4. Asif WILSON Khan

    Asif WILSON Khan Executive VIP Premium Member

    Joined:
    Nov 10, 2012
    Messages:
    10,115
    Likes Received:
    28,557
    Gender:
    Male
    Occupation:
    Fun Lovin' Criminal
    Location:
    London
    Home Page:
    This is one of the reasons why it bugs me when people say they are desperate.
    There are always ideas and ways to make a buck if you put your mind to it.

    Good share OP, hopefully it will help some people.
     
    • Thanks Thanks x 2
  5. Tensegrity

    Tensegrity Jr. VIP Jr. VIP Premium Member

    Joined:
    Apr 22, 2009
    Messages:
    1,823
    Likes Received:
    968


    Exactly.

    You don't have to be a genius. You don't have to even have any money to start. You just need the motivation and little creativity and you can start a business literally overnight.



     
    • Thanks Thanks x 1
    Last edited: Oct 5, 2013
  6. SocialMediaManager

    SocialMediaManager Elite Member

    Joined:
    Sep 20, 2012
    Messages:
    1,706
    Likes Received:
    746
    Occupation:
    Internet Marketing , Climbing
    Location:
    Dubai
    At-last a Thread to Give to all this kind of threads " I need to make 700$ today or .. "
     
  7. ipodtouchhackerisher

    ipodtouchhackerisher Senior Member

    Joined:
    May 6, 2009
    Messages:
    812
    Likes Received:
    657
    Very nice thread I think it should get a stickey
     
    • Thanks Thanks x 1
  8. Oblivion13

    Oblivion13 Regular Member

    Joined:
    Sep 7, 2011
    Messages:
    459
    Likes Received:
    247
    You guys just make it sound like its super easy. Its Not. I have been designing websites for the past 8 years, I did real good for the past 6 but the last 2 years have been a struggle because most people want to save money so they figure they will go overseas to save a few bucks.
     
  9. Tensegrity

    Tensegrity Jr. VIP Jr. VIP Premium Member

    Joined:
    Apr 22, 2009
    Messages:
    1,823
    Likes Received:
    968

    This is great stuff right here! Although, it may be a bit too much investment if a DJ and a hall is involved. All you really need is an iphone and a stereo and just put it on mix, then bartend the party yourself at your own place. Of course, you need friends as well :p
     
  10. Tensegrity

    Tensegrity Jr. VIP Jr. VIP Premium Member

    Joined:
    Apr 22, 2009
    Messages:
    1,823
    Likes Received:
    968

    Well first off, I never said it was "super easy", but I also don't think you are doing it right if you've been at it for 8 years and are struggling. You probably need to change both your angle and your mindset. Don't forget that the web design method I offered was more of an arbitrage meets super low cost to the consumer method. If you're designing from scratch and trying to get $1000 clients, it can be a struggle, yes. But if you're buying a premium theme for $25, tweaking it and selling the full website package for $100, you can get a ton of customers. If you've tried this and it doesn't work, then there must be something else wrong with your system cuz this is exactly what I've done and others have done and it totally works.

    Also, I'm willing to bet you probably need to automate some stuff that you are doing manually that is taking up a lot of time, which can be the cause of a "struggle". But I don't know you, so I could be totally wrong.

    Hope this helps!
     
  11. larrydetuvi

    larrydetuvi Regular Member

    Joined:
    Mar 7, 2011
    Messages:
    249
    Likes Received:
    80
    Well, that depends on the country. In my country renting a local and wages in general are not much big, he ended up paying equivalent to 120 dollars for the local and about 60 dollars for the DJ. That DJ might not have been top tier, but at least they make it enough well for people to have fun. He charged 6 dollars the entry and around 200 people came. He got 800 dollars of return taking away different costs like security, cleaning, etc. This doesn't include booze sale which I didn't know how much he won, but it was a good amount. Probably replicating this in the UK or the US would need a bigger investment, but still a good idea for other countries.
     
    Last edited: Oct 5, 2013
  12. SeoWrecker

    SeoWrecker Jr. VIP Jr. VIP Premium Member

    Joined:
    Jul 16, 2012
    Messages:
    1,596
    Likes Received:
    1,463
    Location:
    Doesn't matter
    wonderful thread OP

    hope no more "i am desperate for money.... " threads
     
  13. Tensegrity

    Tensegrity Jr. VIP Jr. VIP Premium Member

    Joined:
    Apr 22, 2009
    Messages:
    1,823
    Likes Received:
    968

    For sure! And event planning is big business once you get yourself off the ground. I'm just trying to gear this thread toward someone who doesn't have much more than $100 to start, especially in the U.S. or U.K. cuz it seems like there are a ton of native English speakers coming around on this forum who are freaking out about rent and bills. So to those readers, I think partying when you are in a rut is great for blowing off steam, but can be costly. If you DIY it just right, you can reverse those costs, make some serious cash fast, make a ton of friends and build clout, and maybe even start a party planning business as a result!
     
  14. Oblivion13

    Oblivion13 Regular Member

    Joined:
    Sep 7, 2011
    Messages:
    459
    Likes Received:
    247
    There must be something wrong with my system then. I email almost every post that put on CL (I have alerts set up where I get an email when somethings posted) and yet I still cant get any new clients or work. I cant go locally because I live in a small hick town and the closest major city is 2 hrs away.
     
  15. Tensegrity

    Tensegrity Jr. VIP Jr. VIP Premium Member

    Joined:
    Apr 22, 2009
    Messages:
    1,823
    Likes Received:
    968

    If your system is finding clients on Craigslist alone, then that is the problem!

    Use yelp. Find the businesses without websites or with poor websites and contact them. You can automate the process with a scraper.

    And automate a whois scraper as well. A gazillions domains out there with shoddy websites. Contact them with a $100 pricetag to replace their 1992 looking site and they'll buy it.
     
    • Thanks Thanks x 1
  16. Oblivion13

    Oblivion13 Regular Member

    Joined:
    Sep 7, 2011
    Messages:
    459
    Likes Received:
    247
    Thanks for the tip, I will definitely do that.
     
  17. Tensegrity

    Tensegrity Jr. VIP Jr. VIP Premium Member

    Joined:
    Apr 22, 2009
    Messages:
    1,823
    Likes Received:
    968
    EDIT: moved this to first post.

    Also wanted to say that this thread isn't about cutting down people in desperate situations, just cutting down the number of threads about it. So much info here on BHW and it's tough to find exactly what you need to get out of your rut. If you did just one of the things I've listed here, I guarantee you will be at least a little better off!
     
    Last edited: Oct 5, 2013
  18. Tensegrity

    Tensegrity Jr. VIP Jr. VIP Premium Member

    Joined:
    Apr 22, 2009
    Messages:
    1,823
    Likes Received:
    968
    22. Repair business

    People need repairs. Car, computer, bike, appliance, furniture, shoes, boats... you name it and people need it repaired. If you have talent for fixing things, or even if you've just fixed one or two things before, then you may be valuable to someone who has no idea what they are doing. Just figure out what you are good at fixing, throw together a quick wordpress site and gmail address and start finding customers. It's weird that Craigslist doesn't have a section for repair services, but you can at least use the 'for sale' section to post an ad and the 'skilled trade' section of services to at least get the word out.


    23. Fix broken websites

    The repair business made me think about how many people don't need a whole new site but just one script to be fixed. The guys on Fiverr who offer this sort of thing usually don't respond very fast or have too many rules about what they will fix cuz it's only $5 after all. You could peruse the computer section on CL and post ads all over classifieds sites for "programmer available to fix your broken script for $15" or whatever. Just keep the price low cuz people will not want to pay more than about $25 for fixing just one script. This could lead to other computer jobs in the future and referrals, so make sure you have a site set up to market yourself.


    24. Become a Check Cashier

    Not sure how legal this is, probably a gray area, but basically if you DO have *some* money but not enough to get yourself whatever it is you need, you could build on what you have by offering to cash your friends' or coworkers' paychecks for them for a percentage. It's simple, you just have them sign it over to you and you give them the cash minus your cut. It's a bit of a risk cuz you need to trust that the check will clear, but that aspect might be helpful in pitching the idea to them.
     
  19. Tensegrity

    Tensegrity Jr. VIP Jr. VIP Premium Member

    Joined:
    Apr 22, 2009
    Messages:
    1,823
    Likes Received:
    968
    25. Bottles and Cans

    Ok, you don't want to be that trash picker guy. But the truth is that there's a good reason they are coming around and grabbing your cans every week -- cuz that shit adds up at the end of the day. It's funny cuz you could collect 100 bottles and cans and it's only $5, but if you come up with a quick method of getting that much from one source and then scale it, it's pretty much the same as getting traffic to your website: you find a huge source of the cans, scope it out for the best and most plentiful time of the week, and then go score yourself some assets. If you found 10 places that get you over 100 cans each, that's 50 bucks. Organize it and be smart and you suddenly rule the bottle and can collection "scene", haha


    26. Car wash

    Of course you probably need an extra hand or two, but you really could do this by yourself. The average car wash is around $12. Offer your car wash for 7 or 8 bucks a pop and you'll do some business. You'll wanna get a parking lot in a high traffic area on a weekend, so be creative and get to know the store owner. Maybe they'll rent it to you if they aren't cool with it initially..
     
  20. TehEpidemick

    TehEpidemick BANNED BANNED

    Joined:
    Oct 31, 2011
    Messages:
    778
    Likes Received:
    181
    very good share op. Not all the methods work for everyone...but still some good ideas here.