Easiest Way to Make Money In This Economy?

Easiest Way to Make Money

brings you another great way to make a few bucks. I mean if you can make a few bucks here and there AND keep it for yourself, you are well on your way to making some good money. I mean let’s face it. If all the houses in a neighborhood sell for $150,000 and one sells as a foreclosure for $38,000. It’d be a safe bet that the buyer will make some money. But he had the $38,000 ot begin with. So we will use these methods to save a few bucks and build a nest egg.

This Easiest Way to Make Money Deals with Pawn Shops

Yes, pawn shops again. This time a little differently.

4192929370 e95ef18a18 Easiest Way to Make Money In This Economy?

I learned about this from an older gentleman that owned a pawn shop in Southern Colorado. I would go talk to him for time-to-time. He had been arround the block several times and was pretty sharp.

Here’s the deal.

1.) Put an ad in your local classified paper, newspaper, on bullitin boards or anywhere people will see it. The ad will say something like:

WANTED: Pawn Tickets. If you have pawned an item and are not going to redeem it, I will buy your ticket. All items considered. Put a some fast money in your pocket today. Call XXX-XXX-XXXX.

2.) Sit and wait for the phone to ring. If you put your ad somewhere people will see it, the phone will ring.

3.) When someone calls get the details of what they pawned and how much they owe to redeem the ticket. In the past when I did this I normally paid 25-50% of the ticket amount. These days with so many pawn shops you need to check your prices carefully.

As an example.

I recently placed an ad to sell a few guns that I had. I had owned them for years and they were just gathering dust. I placed my ad and determined that they would bring about $450 total. After checking GunBroker.com and a few other sites, I was sure that they were fairly priced. Well after a couple of weeks running the ad I didn’t get any calls at all.

I got tired of waiting so I took them to a local pawn shop. That pawn shop paid me $500 for the guns. Not only that they didn’t even want one of them so I brought that one back home. So check your values carefully if you try this.

When I did this most items were very easy to resell because the prices I paid were so low. Now you have to be very careful with guns. You should check with someone familiar with the gun laws about how to do this with guns, if it’s possible (legal) at all.

4.) After you strike a deal with the ticket holder you need to pay him. I always meet the seller at the pawn shop. I stand there as a friend while he hands over the ticket and gets the total due. I then fork over the cash and collect my items.

One advantage is that it should be hard to get stolen items. Most pawn shops check everything they get for stolen merchandise.

I have bought pawn tickets from people for brand new items. One guy went to Sears and used his credit card to buy a tool. He then took the tool to a pawn shop to get some cash. He then answered my ad and I bought the ticket, and the item.I got the item for less than 1/2 the new price.

Things to remember:

Know your values

Meet the seller at the pawn shop

Stay away from firearms until you check with a lawyer

Check your local laws to make sure this is legal in your area

Laws always change. Every time you come up with a way to make good money, it’s like a little water leaking form a dike. Then some Gov’t official sticks his finger in the dike. Make sure and check your local laws. You don’t want that Gov’t guy sticking his finger in your dike.

Until next time, thanks for visitng us at Easiest Way to Make Money.

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Wednesday, July 28th, 2010 Easiest Way to Make Money

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