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Thursday, November 18, 2010

Dream of Making/Earning Extra Money or Income

I dream about making extra money all of the time. Some questions I ask myself are, "What can I sell on Craigslist?" "What legitimate websites offer opportunities to earn extra income?" "How can I optimize my website and blogs using the tools Google (and other search engines) offer?"

Using Craigslist was easy but a hit and miss endeavor. It involves testing items to sell. Last Spring when I started my garden I decided I would test selling young, three inch tall sunflower and tomato plants. Once they were to height, I listed them in two separate listings for $2 each. The listing titles simply said, "3" Sunflower Plants", or "3" Tomato Plants".

To my surprise, I sold them all and had to plant more to sell. I concluded young plants generate interest as Spring gets underway; that next Spring I will plant other flowers in addition to the sunflowers and vegetables in addition to the tomatoes. I will also ask $3 for the young seedlings upping the price by $1.

On the other hand, I have listed two solid wood end tables. These I listed at $10 each. The post generated interest but nobody was willing to pay $10 each for solid wood end tables. I'm not willing to go down on price because they're solid wood. That people don't want to pay my asking price leads me to believe people who can afford new furniture don't shop Craigslist.

I have also tested hand painted wine bottles, new teddy bears, Styrofoam(TM), plastic vases, homemade candles, etc. None of the items sold.

The thing about test marketing is this: The success (selling the item) or failure (not selling the item) depends on many factors like the time of year, consumer confidence, if people are able to get out and about to purchase (i.e. is there a virus going around or is there flooding), if what you're selling is desirable. There are more factors to consider but you catch my drift.

But I'm not letting up testing unsold items on Craigslist. I will continue listings those unsold items but I will change the verbiage, pictures, or pricing. Any one of these changes might make a difference as to whether I sell the items or not.

The other two questions I asked myself (see first paragraph) I am still researching. I'm sure to find the answers at some point.

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