How to made extra money? Who don’t want to make extra money ???.actually every economic activity takes place because people need money. And surely we are not living in barter system so everyone needs money for goods and services.
By making money we mean
Those methods that involves holding money using all the available choices that one can use to increase his money level.making money is simple process yet involve use of proper time and decision making.
Money is necessity money is goal
surprisingly if we keenly observe the functions of money it works two ways.first it’s a mode of exchanging plus it’s a goal where everyone wants to reach.all the respect, luxuries, power and authority is relevant to money.
What does we meant by extra money
By extra money we are talking about is your earning stream that you want to get continuously in order to maintain your life style or some more goals to attain.
Extra money resources
Extra money resources are both negative and positive surely we are here concerned with positive money. Which is result of people activities . People gain goods and services against money . So here are two ways, either one can sale his good or service. By services you can give your services to people who need this. For instance if any one needs home tutor and you are giving teaching services. You are selling your services.
Some sources of extra money
Here are some sources of it which will be explained.
Small scale foodie relevant business
Food is a need food is fun.one who understand this can understand the Philosophy behind.you can easily engage yourself with foodies.munchy items or modern hawking like selling in viechle.
Book binding stationary making
This method involves less investment and great output moreover stationary demand is less elastic because of its need in offices and schools.book binding also involves minimum equipments.
Real estate business
Real estate business involves an office which can be made temporarily.all that is necessary is your links with people your services quality and your immediate action towards the the need of your customers here you can use online advertisement for your purpose.
Online working have become very popular since everything is now available on internet .many sites either they are relevant to land or relevant to shopping you can choose your online work according to your abilities and according to your interest. Online working gives you more choices and a big market place where you can adjust yourself according to your needs. Some people have made online working their profession and not only they are making money. But also getting specialized knowledge.
The persons who are engaged with speculation have a keen eye on the rate of interest. They keenly Observe the speculation in the rate of interest. They keep liquid money so if the rate of interest goes hight.they keep money in the banks and take advantage of high rate of interest. Whenever the rate of interest goes down they withdrew their money and use this in market speculation.for example they buy prize bonds etc.
Working as a middleman
If you have guts that you can combine two parties with same interest you can make money e for example if a person in search of raw material of any kind and you knew a person who solds raw material. You can combine two parties and make your commission through this process.
Restoration of items
If you have guts to use the thing that are odd in current time you can make them new with the new angle by the restoration. For instance you can buy old items from the market and give them a new look which is modernize, and you will increase their value and people will love to have antiques in their house. As wooden items stone items.
Intercity delivery services
If you have strong management skills you can easily produce company that delivers the things in the city. It will decrease the cost of your delivery. You can earn the trust of people once you show punctuality in your business keeping in view the time management.
Take advantage of price difference in different markets
All of us know very well that some things are at low price in one market and the same product at high price. The locality also determines the price level for example HiFi areas of city have higher price level as compared to you normally distributed market so you can make your money by supply goods from cheap market to high
Elasticity of demand also determines your profit level
Things that we use daily or we cannot quit them all necessities of life.we will buy them even if they are at high price for example milk bread eggs oil . These things have a lower elasticity of demand therefore if you engage yourself with such business your expected revenue level will be high.
After the discussion we can say that a lot of choices are available for a person who is determined and hard worker can use the market environment in a positive way. Extra money should be legal without any twist for illegal activity. Market benefits those who stay longer.
Keep working always.