selling http://www.wisebread.com/taxonomy/term/10360/all en-US 11 Easy Ways to Earn More on eBay http://www.wisebread.com/11-easy-ways-to-earn-more-on-ebay <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/11-easy-ways-to-earn-more-on-ebay" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/iStock-155431059.jpg" alt="make more money selling on ebay" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>Selling unwanted items on eBay is a great way to clear away clutter and make some extra money on the side. Use these tips, and you'll start making even more.</p> <h2>1. Take Clear Pictures</h2> <p>Clear, sharp, and well-lit pictures are important. This is the first thing buyers will notice when looking at whatever it is you're selling. While it's a good idea to include the manufacturer's photo of the item, you'll also want to include some of your own so that bidders will know exactly what they're purchasing. They will also be looking at the background in the photos, so make sure to take them in a clean, well-lighted space.</p> <h2>2. Write a Good Description</h2> <p>Write an accurate, thorough description. Make sure to specify the brand, type, size, color, material, and other important keywords for the item you're selling. You will also want to clearly specify the condition of the item. In the description field, highlight the benefits of the product and what makes it different from another seller's listing. Check for misspellings in your description, which can throw off your keywords and make your item more difficult to find.</p> <h2>3. Determine Your Pricing</h2> <p>To set a price, first do some market research to see what identical items in similar condition are selling for, and how it compares to the original asking price. Be sure to also factor in the cost of shipping, packing supplies, and <a href="http://www.fees.ebay.com/feeweb/feecalculator" target="_blank">calculate any fees</a>.</p> <h2>4. Timing Is Everything</h2> <p>You can set the time that your listing will begin and expire on eBay. It's important to take into account that you may have bidders on both the East and West Coast, so you want to set your listing to end at a time that is convenient for both timezones.</p> <p>According to eBay, buyers are most active between 5 p.m. PST and 10 p.m. PST. In most cases, it's wise to end your listing between 6 p.m. PST and 9 p.m. PST. This allows bidders to place their final bid once they are home from work, but before they go to sleep, regardless of which coast they are on. Sunday is generally the best day of the week to end your sale. Weekends see the most traffic on eBay, and Sunday evening is the most active.</p> <h2>5. Set Unsuccessful Listings to Resell</h2> <p>eBay will allow you to relist items that didn't sell up to three times at no extra charge. If you set each listing to seven days and choose the option to resell unsuccessful listings, your item will be up for a total of 21 days at no fee.</p> <h2>6. Bundle Items Together</h2> <p>Whenever possible, bundle items together. This makes it seem like buyers are getting a better deal, and can help make your listing stand out. Best of all, it can save you time and money on shipping. This is especially effective around the holidays when shoppers are looking for gifts.</p> <h2>7. Have Positive Feedback</h2> <p>Bidders will look at your feedback, so it's important that you have some positive reviews. If you haven't sold anything or don't have any reviews yet, consider selling some smaller items first so that you can build up some positive feedback. This will allow buyers to be more confident in you when considering a high priced item.</p> <h2>8. Offer Free Shipping</h2> <p><a href="http://pages.ebay.com/seller-center/shipping/best-practices.html" target="_blank">According to eBay</a>, most buyers are looking for items that offer free shipping. It allows buyers to see the total price easily rather than having to factor in an additional cost. If you don't want to offer free shipping, then offer cheaper shipping.</p> <p>Make sure to ship through your eBay dashboard. This will make it more convenient for you, and results in <a href="http://pages.ebay.com/seller-center/shipping/shipping-basics.html#labels" target="_blank">shipping discounts</a> of up to 24% on Priority Mail and up to 37% on FedEx shipments. It also allows the buyer to automatically track the shipment and can charge your PayPal account for the shipping fees.</p> <h2>9. Ship Items Quickly</h2> <p>By shipping your items quickly, you can get more positive feedback, which is important to future sales. International shipping can be expensive and time-consuming, so you may want to turn international shipping options off when selling your item.</p> <h2>10. Answer Buyers' Questions<strong> </strong></h2> <p>If a potential buyer asks a question about your product, it's important that you respond quickly and accurately. If you take your time answering, the buyer may have moved on to another seller and you'll lose out on a sale.</p> <h2>11. Offer Good Customer Service</h2> <p>If you are frequently selling items, issues are certain to happen from time to time. As the seller, you have the responsibility to make an effort to provide customer satisfaction. This may mean accepting a return even when you feel you were accurate in your description, or providing a partial refund to satisfy a complaint. Do your best to remain respectful and calm, even if you feel the buyer is being unreasonable.</p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/andrea-cannon">Andrea Cannon</a> of <a href="http://www.wisebread.com/11-easy-ways-to-earn-more-on-ebay">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-1"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/effective-ebay-listing-0">Effective eBay Listing</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/10-things-you-should-always-buy-and-sell-on-ebay">10 Things You Should Always Buy and Sell on eBay</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/clear-out-that-clutter-15-places-to-sell-your-stuff">Clear Out That Clutter: 15 Places to Sell Your Stuff</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/my-16-favorite-ways-to-get-rid-of-clutter">My 16 Favorite Ways to Get Rid of Clutter</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/8-totally-free-things-you-can-sell-on-ebay">8 Totally Free Things You Can Sell on eBay</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Extra Income bidders clutter customer service eBay making money online auctions sales selling shipping Fri, 27 Jan 2017 10:30:32 +0000 Andrea Cannon 1881631 at http://www.wisebread.com 8 Stocks to Dump Before the New Year http://www.wisebread.com/8-stocks-to-dump-before-the-new-year <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/8-stocks-to-dump-before-the-new-year" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/alarm_clock_2017_610877858.jpg" alt="" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>We here at Wise Bread are big supporters of long-term investing. Therefore, we don't really advocate selling stocks just because they aren't trading where you want them to be at any given moment. That said, there are times when selling <em>some </em>securities at year's end makes sense.</p> <p>In some instances, it's time to sell an investment because they are stinkers, plain and simple. In other instances, it may be time to cut ties because there's little good news on the horizon to suggest they will grow in value in the coming year. But in other cases, it's a matter of selling at a loss in order to offset capital gains elsewhere, thus saving on your tax bill. (You can always buy these stocks back if they are still trading at low prices, as long as you wait more than 30 days.)</p> <p>Here are some notable stocks and other investments that may be worth selling before the calendar turns.</p> <h2>1. Nike [NYSE: <a href="https://finance.yahoo.com/q?s=nke">NKE</a>]</h2> <p>Nike used to be the king of everything athletics, but it's been facing some stiff competition in recent years from Reebok, adidas, and the new biggest player, Under Armour. Nike is still a huge brand, but shares are down 17% in 2016. Sales growth has been uninspiring, margins have been shrinking, and no one really knows how low Nike will go.</p> <h2>2. Starbucks [NYSE: <a href="https://finance.yahoo.com/q?s=SBUX">SBUX</a>]</h2> <p>Starbucks is a solid company, so there's an argument to be made that you should never sell shares once you own them. But the company had a less-than-stellar year, with shares falling more than 2% in 2016, and some analysts have argued that the company is no longer in a position to see massive growth year after year. The American market is a bit saturated, and it may take time for some of the company's investments overseas to bear fruit. Starbucks could be a bargain for those who don't already own shares, but if you bought shares early in 2016, you may be able to use some losses to offset gains elsewhere in your portfolio.</p> <h2>3. Coca-Cola [NYSE: <a href="https://finance.yahoo.com/q?s=KO">KO</a>]</h2> <p>Yes, we know Warren Buffett, America's #1 Coke Lover, would probably have something to say about this. But the reality is that Coca-Cola hasn't had a good year, and faces continued headwinds as it looks to sell products to a populace that is growing more health conscious. Coke shares are down more than 4.5% in 2016. Sales are expected to decline next year after the company spun off most of its bottling operation. Dividends from Coca-Cola are still solid, but some say they have come at the expense of growth. All of this comes at a time when the company's CEO announced he would resign next May.</p> <h2>4. Anheuser-Busch InBev [NYSE: <a href="https://finance.yahoo.com/q?s=BUD">BUD</a>]</h2> <p>Shares of the big beer maker are down nearly 18% in 2016 as the industry faces stiff competition from craft breweries. A-B InBev did complete its takeover of SABMiller, but it will take a while for that merger to have a positive impact. Long-term investors will probably still want to hang on to this stock, but anyone looking for a rebound in price in the short term shouldn't hold their breath.</p> <h2>5. The Walt Disney Co. [NYSE: <a href="https://finance.yahoo.com/q?s=dis">DIS</a>]</h2> <p>On one hand, Disney owns some very profitable theme parks and a humble movie franchise called Star Wars. But questions surround its television offerings, as cord cutters have led to declining subscriptions of its channels, most notably ESPN. Shares are down more than 1.6% in 2016 and 6% in the last 52 weeks. Disney has made some investments to take advantage of the shift from cable to streaming, but it may take time before we see if they pay off.</p> <h2>6. Monster Beverage [Nasdaq: <a href="https://finance.yahoo.com/q?s=mnst">MNST</a>]</h2> <p>There was a time when Monster, a top maker of energy drinks, was one of the hottest stocks available for trade. But like Coke and Starbucks, the story for beverages wasn't great in 2016. Shares of Monster have fallen 13% in 2016. Some analysts say Monster will see strong sales growth as the overall market for energy drinks expands. But with a price-to-earnings ratio that's nearly 40% higher than the national average, Monster is hardly a bargain.</p> <h2>7. Biotech and Pharma</h2> <p>It just hasn't been a good year if you invested in biotech or pharmaceuticals. Companies including Gilead, GlaxoSmithKline, Pfizer, and Bristol Myers-Squibb have all posted losses in 2016. And a look at the biggest losers among ETFs and mutual funds will include a large dose of biotech and pharma. These investments are known for their volatility, so if you knew that going in, perhaps you have the stomach to ride the wave and see if things rebound in 2017. Otherwise, it may be time to cut your losses.</p> <h2>8. Automakers</h2> <p>Major car manufacturers here in the U.S. and abroad had mediocre years at best. Shares of Ford [NYSE: <a href="https://finance.yahoo.com/q?s=F">F</a>] are down about 7.5%, while Toyota and Honda are also in negative territory. Auto sales aren't bad, so there's no massive risk in holding on to some of these stocks. But a tough market in Latin America and uncertainty about trade agreements under the incoming Trump administration are making investors wonder when the growth in share prices will return.</p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/tim-lemke">Tim Lemke</a> of <a href="http://www.wisebread.com/8-stocks-to-dump-before-the-new-year">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-2"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/10-questions-to-ask-before-you-sell-a-stock-or-a-fund">10 Questions to Ask Before You Sell a Stock or a Fund</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/help-i-bought-a-stock-dud-what-now">Help, I Bought a Stock Dud! — What Now?</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/these-8-small-cap-value-investments-are-on-fire">These 8 Small Cap Value Investments Are on Fire</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/8-ways-to-prepare-for-a-stock-market-dive">8 Ways to Prepare for a Stock Market Dive</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/4-foolproof-ways-to-protect-your-money-from-inflation">4 Foolproof Ways to Protect Your Money From Inflation</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Investment 2016 capital gains Coca-Cola Disney Nike selling Starbucks stocks tax-loss harvesting Fri, 23 Dec 2016 10:00:08 +0000 Tim Lemke 1860473 at http://www.wisebread.com 35 Bizarre Things You Can Be Taxed On http://www.wisebread.com/35-bizarre-things-you-can-be-taxed-on <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/35-bizarre-things-you-can-be-taxed-on" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/iStock-516281044.jpg" alt="you can be taxed on these bizarre things" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>Once the Yuletide log burns out and the New Year's ball drops, it's soon time for a less-joyful annual tradition: Calculating how much money you owe the Internal Revenue Service.</p> <p>We all know that Uncle Sam takes a share of our earnings, but have you considered other events in the past year that you may owe taxes on? You might be surprised at all the ways Uncle Sam can lighten your wallet.</p> <p><em>Note: I'm not an accountant. Consult a tax professional for advice on your personal situation.</em></p> <h2>1. You Caught a Baseball</h2> <p>You are the lucky fan who catches a historic home run ball from the outfield bleachers. The not-so-lucky part? The IRS could hold you responsible for the <a href="http://www.wsj.com/articles/SB118532191532076935" target="_blank">resale value of the ball</a> as soon as it hits your glove &mdash; even if you weren't planning to sell it.</p> <h2>2. You Found a Pot of Gold</h2> <p>You finally found the cache at the end of the rainbow. Or maybe you found a stash of rare baseball cards hidden in the wall of your home during a remodel, or a treasure chest while scuba diving in a shipwreck. Under the same regulation that applies to the baseball, the <a href="https://www.irs.gov/publications/p17/ch12.html" target="_blank">treasure trove rule</a>, that windfall is taxable to you the first year that you find it. Sadly, this means that you may be forced to sell all or part of your find even if you wanted to keep it.</p> <h2>3. You Held Up a Liquor Store</h2> <p>It doesn't matter if you got it illegally: Stolen money or property should be reported, lest a tax evasion charge be added to your legal woes when you get caught. Says the IRS, &quot;If you steal property, you must report its fair market value in your income in the year you steal it unless in the same year, you return it to its rightful owner.&quot;</p> <h2>4. You Accepted Hush Money</h2> <p>The IRS is blunt on this one: &quot;If you receive a bribe, include it in your income.&quot;</p> <h2>5. You Dealt in Illegal Goods</h2> <p>If you made money dealing drugs or by any other illegal form of self employment, the IRS requires you to <a href="https://www.irs.gov/publications/p17/ch12.html" target="_blank">report it on Schedule C</a>.</p> <h2>6. You Hit the Jackpot</h2> <p>Yes, you have to pay taxes on your lottery prize. Yes, if you have been buying lottery tickets all year, you can also deduct the expenses. But you have to keep a <a href="https://www.irs.gov/publications/p17/ch28.html#en_US_2015_publink1000174141" target="_blank">diary of wins and losses</a>, and the IRS has specific instructions on how to do that.</p> <h2>7. You Stuck the Landing and Won Gold</h2> <p>It's estimated that Michael Phelps <a href="http://www.usatoday.com/story/money/personalfinance/2016/08/15/olympics-victory-tax-gold-medal/88587636/" target="_blank">will owe $55,000</a> to the IRS on his Rio winnings &mdash; the medals and the cash prizes that come with each are taxable. Many other Rio champions will get off scot free, however. That's because Congress recently passed a law to exempt Olympians from &quot;victory taxes&quot; &mdash; but only for athletes who earn a million dollars a year or less. Phelps earned an estimated $12 million in endorsements alone in 2016, so he doesn't get that break.</p> <h2>8. You Got a McArthur Genius Grant</h2> <p>It would feel great to win this $625,000 no-strings stipend, or the approximately $1 million that comes with the Nobel Prize. That good feeling won't protect you from the tax bite, though. You're required to pay taxes on all such awards &mdash; unless you have them <a href="https://www.irs.gov/publications/p17/ch12.html" target="_blank">directly transferred to a recognized charity</a>. That's what President Obama did with his 2009 Nobel Peace Prize winnings.</p> <h2>9. You Are Gifted</h2> <p>Usually, the presents you unwrap over the holidays come to you tax-free, but there are some exceptions. Cash or a gift card from your boss is taxable as a fringe benefit. A hostess gift you receive as a thank-you for having a sales party in your home is <a href="https://turbotax.intuit.com/tax-tools/tax-tips/General-Tax-Tips/Taxable-Income-vs--Nontaxable-Income--What-You-Should-Know/INF26326.html" target="_blank">taxed as miscellaneous income</a>. <a href="http://blog.taxact.com/gift-tax-do-i-have-to-pay-gift-tax-when-someone-gives-me-money/" target="_blank">Personal gifts</a>, though, are generally safe from the tax man.</p> <h2>10. You Airbnb'd Your Pad</h2> <p>Just like regular rent payments, money you earn by hosting Airbnb guests is counted as <a href="http://assets.airbnb.com/eyguidance/us.pdf" target="_blank">part of your gross income</a>. The exception: You don't have to pay if you live in the home and rent it out for <a href="https://turbotax.intuit.com/tax-tools/tax-tips/Self-Employment-Taxes/10-Tax-Tips-for-Airbnb--HomeAway---VRBO-Vacation-Rentals/INF29184.html" target="_blank">two weeks or less per year</a>.</p> <h2>11. You Got Your Social Security Check</h2> <p>It may seem nonsensical that the government pays people and then <a href="https://www.irs.gov/help-resources/tools-faqs/faqs-for-individuals/frequently-asked-tax-questions-answers/social-security-income/regular-disability-benefits/regular-disability-benefits" target="_blank">collects tax money</a> on those payments, but that's how it goes. However, SSI, or disability benefits, are not taxable.</p> <h2>12. You Divorced Well</h2> <p>Alimony you receive from your ex is <a href="https://www.irs.gov/publications/p17/ch18.html" target="_blank">taxable income</a>, but child support payments are not. For this reason, it's important to know how payments are categorized in your divorce settlement.</p> <h2>13. You Won a Scholarship</h2> <p>If you win a grant that covers your tuition and books, that's tax-free. But if it pays for <a href="https://www.irs.gov/publications/p970/ch01.html#en_US_2015_publink1000178003" target="_blank">room and board or travel</a>, pay up.</p> <h2>14. Your Fantasy Football Team Won the Super Bowl</h2> <p>If you win at least $600 worth of cash and prizes from a business operating a <a href="http://newsroom.hrblock.com/tax-tip-it-may-be-fantasy-football-but-tax-implications-are-real" target="_blank">fantasy sports league</a>, they'll file a 1099-MISC with the IRS. But even if you win less or your league is informal, you are still supposed to pay on your winnings.</p> <h2>15. Triple 7s Came Up</h2> <p>Just like with the lottery, the IRS gets a cut of your casino winnings once they surpass the amount you document losing. Usually it's a <a href="http://www.efile.com/taxable-gambling-winnings-income-taxes/" target="_blank">flat 25%</a>.</p> <h2>16. You Spun the Wheel of Fortune</h2> <p>It's simple enough to pay the tax if you win a cash prize, but if you win a car or vacation, you still owe tax on its value &mdash; which can be tough to pay if you didn't <em>also</em> win cash. Because of this, it's often wise to take the cash equivalent of a prize if offered.</p> <h2>17. Your Debt Was Forgiven</h2> <p>The IRS is very specific about this: If a debt is cancelled as a gift to you &mdash; for example, if Grandpa says, &quot;Merry Christmas, you no longer owe me for that time I bailed you out!&quot; &mdash; you <a href="https://www.irs.gov/publications/p17/ch12.html" target="_blank">don't have to pay taxes</a>. Otherwise, you <em>do</em>.</p> <h2>18. You Traded a Haircut for Cigarettes</h2> <p>This may surprise you, but if you receive goods or services in exchange for services you render, the IRS expects you to <a href="https://www.irs.gov/taxtopics/tc420.html" target="_blank">include the value of those</a> in your gross taxable income.</p> <h2>19. The Boss Lets You Take the Ice Cream Truck Camping</h2> <p>If you drive your company car to work and home, or use it on weekends, this is a <a href="http://smallbusiness.chron.com/irs-taxable-fringe-benefits-company-car-15565.html" target="_blank">taxable fringe benefit</a> and you should be tracking and reporting your personal miles.</p> <h2>20. Your Bitcoins Doubled in Value</h2> <p>Bitcoin is a virtual currency that is represented by computer code, but it can be used to buy real goods and services. So of course, the IRS considers gains in this or <a href="http://www.forbes.com/sites/laurashin/2015/12/16/bitcoin-at-tax-time-what-you-need-to-know-about-trading-tipping-mining-and-more/#20c59ae46692" target="_blank">any other virtual currency taxable</a>. It's considered a capital asset like stocks and bonds, so if you buy Bitcoins low and sell them high, the difference is your profit. But it can be even more complicated than that: If you create new Bitcoins by mining, you have to count those as income, too.</p> <h2>21. You Got a Blogger Freebie</h2> <p>If a widget maker sends you their SuperWidget 2000 to review and you get to keep it, you just received a taxable payment. However, you don't owe taxes on the market value of the product &mdash; just what the company agrees it's worth. Make sure to put an agreed-upon value in your contract.</p> <h2>22. You Sold Stuff on eBay</h2> <p>If you occasionally sell your kids' outgrown clothes on eBay, you won't owe taxes because you most likely took a loss on the items. But if you create a resale business on eBay, you better believe you have to <a href="http://smallbusiness.chron.com/claim-ebay-sales-taxes-59661.html" target="_blank">report your profits</a>.</p> <h2>23. You Had a Yard Sale</h2> <p>Like eBay, most yard sale transactions are <a href="http://dontmesswithtaxes.typepad.com/dont_mess_with_taxes/2009/05/are-garage-sale-proceeds-taxable.html" target="_blank">not income producers</a>, but if you're one of those people who holds a sale every weekend and resells stuff at a profit, do the right thing.</p> <h2>24. You're a Child Entrepreneur</h2> <p>Starting a small business, whether it's dog walking or selling handmade items, can be a great activity for a tween or teen. But don't expect them to be IRS-exempt just because they're kids. If the <a href="http://www.marketwatch.com/story/does-uncle-sam-tax-lemonade-stands-2013-07-08" target="_blank">business earns more than $400</a>, file a tax return.</p> <h2>25. You Set Up a GoFundMe Campaign</h2> <p>This is one of those tricky gray areas. If you start a crowdfunding benefit for someone in need, the donations should be considered personal gifts. But if the gifts run into the large numbers, the crowdfunding site may file a 1099, reporting the transaction to the IRS. A word to the wise: If you are setting up a crowdfunding campaign for a needy friend, <a href="http://www.huffingtonpost.com/steve-rhode/crowdfunding-to-help-a-sick-friend-can-lead-to-a-big-tax-bill-for-you_b_6615616.html" target="_blank">make sure it's in their name</a> so you don't end up wondering if you need to pay taxes on money you handed over to them. And consult an accountant before going down this route.</p> <h2>26. You Asked for Spare Change</h2> <p>There are differing opinions out there over whether quarters dropped in a panhandler's cup are considered earned income or a gift. Since panhandlers tend to live below the poverty line, they probably wouldn't owe any income taxes, either way. A more pressing issue for many would be whether the panhandling counts as earned income, qualifying recipients for the earned income tax credit, which could lead to a cash payment from the IRS even if the panhandler pays no taxes.</p> <h2>27. You Received Punitive Damages</h2> <p>Court settlements vary in their tax treatment. If you get a settlement in court to compensate you for a physical injury or emotional distress stemming from an injury, the money isn't taxable. But if you get paid for emotional distress not tied to an injury, or you receive punitive damages, <a href="https://www.irs.gov/pub/irs-pdf/p4345.pdf" target="_blank">you have to pay</a>.</p> <h2>28. You Cashed in Your Life Insurance Policy</h2> <p>If you die, your beneficiaries probably won't be taxed on your life insurance payout. But if you cash it in while you're alive? Any <a href="https://www.ameriprise.com/research-market-insights/tax-center/tax-planning/taxation-of-life-insurance/" target="_blank">profit you made on the policy</a> &mdash; that is, the value in excess of premiums paid &mdash; is taxable.</p> <h2>29. Your Champion Pug Had a Litter</h2> <p>Whether you breed your dog as a business or a hobby, money made <a href="http://www.akc.org/content/dog-breeding/articles/tax-tips-for-dog-breeders/" target="_blank">selling puppies is taxable income</a>. However, it's also not cheap to breed and raise puppies, so once you deduct stud fees and all those vet bills, you may not actually show a taxable profit for your prize pups.</p> <h2>30. You Put on the Red Light</h2> <p>Just like dealing drugs, if you sell your body in a jurisdiction where that's illegal, you still have to <a href="http://www.slate.com/articles/news_and_politics/explainer/2009/09/how_do_prostitutes_pay_their_taxes.html" target="_blank">report the income on Schedule C</a>. In fact, smart high-earning prostitutes declare their income to put themselves into the position to buy a house or get credit.</p> <h2>31. You Couldn't Get Out of Jury Duty</h2> <p>If you got $15 for sitting on a jury, that's taxable income, even if you turn it over to your employer. However, if you did turn it over to your employer, you also put in a <a href="https://apps.irs.gov/app/vita/content/17/17_08_005.jsp" target="_blank">deduction for the same amount</a> on your tax form so your gross income will remain the same.</p> <h2>32. You Got a Tax Refund</h2> <p>Last year's state and federal refunds are <a href="https://www.taxslayer.com/support/knowledgebasearticle324.aspx" target="_blank">taxable in some situations</a>.</p> <h2>33. You Exercised Stock Options</h2> <p>This is one that has gotten a lot of tech workers into financial hot water. If your company gives you stock options, that's not a taxable event. But when you exercise the option by purchasing stock in your employer at a discount, <a href="http://www.investopedia.com/articles/optioninvestor/07/esoabout.asp" target="_blank">that is a taxable event</a> even if you don't sell the stock right away. This can go bad if the stock declines in value after you exercise the option, because now you may owe the IRS more money than you can raise by selling the stock.</p> <h2>34. Your Landlord Is Paying You to Get Out</h2> <p>In rent-controlled areas with high demand, such as San Francisco, it's common for landlords to buy tenants out. This is often referred to as a relocation assistance. This is taxable, but whether to treat it as regular income or a capital gain is dicey, so you may need professional help with that one.</p> <h2>35. You Are an Undocumented Worker</h2> <p>Despite a common belief that undocumented immigrants don't contribute to society with tax dollars, anyone working in the U.S. is legally required to pay taxes, papers or not. And they do pay. Studies show about half of people working illegally are paying income tax, resulting in about <a href="http://www.usnews.com/news/articles/2016-03-01/study-undocumented-immigrants-pay-billions-in-taxes" target="_blank">$12 billion per year</a> in state and local revenue.</p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/carrie-kirby">Carrie Kirby</a> of <a href="http://www.wisebread.com/35-bizarre-things-you-can-be-taxed-on">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-9"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/20-amazing-outrageous-and-just-plain-weird-tax-deductions">20 amazing, outrageous and just plain weird tax deductions</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/what-freelancers-and-side-giggers-need-to-know-about-income-taxes">What Freelancers and Side Giggers Need to Know About Income Taxes</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/5-signs-you-probably-need-an-accountant">5 Signs You Probably Need an Accountant</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/the-7-most-common-tax-questions-for-beginners-answered">The 7 Most Common Tax Questions for Beginners, Answered</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/6-ways-greed-is-keeping-you-poor">6 Ways Greed Is Keeping You Poor</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Taxes bizarre taxes eBay entrepreneurs gambling illegal income taxes IRS prizes real estate selling sports winnings Mon, 19 Dec 2016 10:00:08 +0000 Carrie Kirby 1855930 at http://www.wisebread.com My 16 Favorite Ways to Get Rid of Clutter http://www.wisebread.com/my-16-favorite-ways-to-get-rid-of-clutter <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/my-16-favorite-ways-to-get-rid-of-clutter" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/woman_clothes_clutter_39948832.jpg" alt="Woman finding ways to get rid of clutter" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>Ugh. <a href="http://www.wisebread.com/8-ways-clutter-keeps-you-poor">I hate clutter</a>. It actually hurts my brain. However, even if I were Mari Kondo fancy, and could afford to throw away everything in my house that I don't love, my inner-tree-hugger would feel guilty about putting perfectly usable items into the landfill. So, what's an environmentally responsible person to do with their clutter?</p> <p>Here are my top 16 clutter-busters that keep my house from looking like a warehouse:</p> <h2>1. Stop Bringing New Clutter Into Your House</h2> <p>If you have a cluttered house, chances are you already <a href="http://www.wisebread.com/one-simple-thing-you-can-do-today-to-start-living-frugally">have everything you need</a> to survive. If you are like me and <a href="http://www.wisebread.com/from-dumpster-diving-to-garage-sales-turning-trash-into-cash">love to trash pick</a> like it's a competitive sport, this means sidelining your treasure-hunting hobby until you have a grip on what you own.</p> <p>But, don't despair my freegan brethren. You can still get the thrill of the hunt; you just have to do it inside your house.</p> <h2>2. Use It Up, Wear It Out, Make It Do, or Do Without</h2> <p>I like to turn this Depression Era proverb into a game. How long can I go without buying groceries? How long will it take for me to eat through my pantry? If you have a hard time staying on the no new clutter wagon, challenge a like-minded friend to a competition to keep yourself accountable. Can you go one year without bringing stuff into your home?</p> <p>By the way, stepping away from the consumer treadmill even for 90 days (or 30, or even 10!) is a great way to save money.</p> <h2>3. Sell Your Stuff Online</h2> <p>Duh. This seems obvious. Typically I make a few thousand dollars every year by selling my old things on eBay, Etsy, and Craigslist.</p> <p>There are different price thresholds for different selling platforms. I can generally get more money by selling vintage items and clothes on Etsy and eBay than I can by selling them on Craigslist. For things like home electronics, buyers in my area will pay more on Craigslist than they will at a garage sale for the exact same item. To maximize your cash do a little research on who is paying a premium for your things.</p> <p>Depending on what you own, you might be able to flip your old things for cash by using specialty sites that focus on one type of merchandise such as <a href="http://www.wisebread.com/how-to-sell-your-kids-stuff-at-a-consignment-sale">baby clothes</a>, <a href="https://www.discogs.com/sell/list">vinyl records</a>, and <a href="https://www.1stdibs.com/furniture/">vintage home furnishings</a>.</p> <h2>4. Consign Your Stuff at a Brick and Mortar Store</h2> <p>I personally prefer to sell difficult to ship items like furniture and glassware to a <a href="http://www.wisebread.com/beyond-goodwill-the-different-types-of-thrift-stores">local second hand store</a> for either store credit or cash. Although stores usually take a 30% to 60% cut of the sale price, sometimes it's better to cash out so you can get those things out of your house before you break them and they become unsellable.</p> <p>There are some second hand stores that will buy goods outright for cash, and some stores that will only give you store credit. If you consign your items at a store, make sure that you are clear about pricing. Some stores will discount your goods to nothing after a set period of time. And some stores will not return items that don't sell to you. If you have a bottom price threshold, this needs to be negotiated in advance and on paper.</p> <p>In addition to bulky vintage items, I also sell back my used books, records, and contemporary clothes to second hand stores for cash.</p> <h2>5. Throw a Garage Sale</h2> <p>I paid for two entire years of my life by trash picking furniture and then selling it back to my neighbors at monthly garage sales. Last year my husband and I paid for our Christmas vacation with money that we'd earned selling stuff at garage sales. And our garage sale inventory wasn't even that amazing. Like, I can't even remember half the things we got rid of! They were that inconsequential to my life.</p> <p>I approach every garage sale as an opportunity to get other people to pay to remove clutter from my house, so most things are priced at one dollar. By taking this grateful-to-my-customer stance, I am always happy with my garage sale earnings, regardless of how paltry.</p> <h2>6. Gift</h2> <p>Shopping for presents is time consuming and expensive. A few years ago I decided to start gifting clothes and things in my house to admiring friends and family members. As in, &quot;Oh, you like that? Here, just take it with you. Happy early birthday.&quot; This on the spot gifting is always a welcome surprise and I don't have to fuss with wrapping.</p> <h2>7. Recycle</h2> <p>I know many people who live in homes that resemble recycling centers because they care about the environment. While it is a good thing to keep resources like glass and paper out of the landfill, you are not actually doing the world any good by turning your house into a mini dump. Companies as diverse as <a href="https://www.terracycle.com/en-US/brigades">Terracycle</a> and <a href="https://www.madewell.com/madewell_feature/DENIMDONATION_sm.jsp">Madewell</a> have recycling programs for hard to recycle items like denim, instrument strings, and Solo Cups.</p> <h2>8. Upcycle</h2> <p>Why pay for new craft supplies when you have clutter? Instead of bringing new, virgin goods into your home, find <a href="http://www.wisebread.com/18-awesome-practically-free-upcycled-craft-projects?ref=seealso">new uses for your old things</a>. You don't even have to have any creative talent to upcycle. For example, upcycle your old cotton underwear into cleaning rags.</p> <p>My husband and I own two Moroccan poufs. Rather than pay for new stuffing, we filled our poufs with old linens and drop cloths that are too torn or stained to sell or donate.</p> <h2>9. Share</h2> <p>I share a china pattern with my brother-in-law. I only have space in my small kitchen for eight place settings. My brother-in-law has 12 place settings. Whenever we have larger dinner parties, we loan each other dishes. What can you share with your friends and neighbors? I share garden tools with my friend Laura. I share kitchen gadgets with my neighbor Alexandra. I share a set of luggage with my sister. I only have to store those things in my house half the time. More importantly, I don't have to buy every single thing.</p> <h2>10. Check It Out</h2> <p>If you don't have handy friends and neighbors, look for a tool library in your area. I don't own bike repair tools because I live within walking distance of a bike repair cooperative.</p> <p>I am a lifelong library patron. In addition to checking out books, music, and videos, I use my library as an air-conditioned oasis in the summer when my house becomes unbearably hot, and as my personal newsstand. Once a month a have a magazine date with myself and spend an afternoon flipping through glossy pages to my heart's content. I give myself a little reading vacation, and cut the clutter and the cost of owning a personal subscription all in one fell swoop.</p> <h2>11. Catch and Release</h2> <p>I am a minimalist traveler. The only time I buy books is when I'm going on a trip. I buy the cheapest copy of the books I want to read so I have no problem leaving them behind in cafes and airports when I am done with them. Not only do I get cheap, analog entertainment, this book packing method always ensures that I have a little room in my luggage for vacation purchases.</p> <h2>12. Rent</h2> <p>Due to near constant <a href="http://www.wisebread.com/my-2016-budget-challenge-everything-breaks">car trouble this year</a>, I have been experimenting, unintentionally, with living as a one-car household in Los Angeles. I suspect by the end of the year that the math will prove that it is cheaper for us to rent a second car when we need one rather than own three cars outright.</p> <p>I don't love renting because I know that ownership is generally a better deal. But, do I really need to buy a jackhammer to break up my cracked driveway? No, I do not.</p> <p>When deciding when to rent and when to own, be honest: How often will you use this item? Will your daughter wear her Quinceañera dress a second time? Consider the extra cost of renting to be money that you saved on storage fees.</p> <h2>13. Swap</h2> <p>Even our shyest friends love our book exchange party that we host every New Year's Day. The concept is simple: Everyone brings the books they enjoyed reading but are now taking up shelf space, and throws them on the communal pile. Our guests take as many books as they want home, for free. The books that are left behind are donated to the Los Angeles Public Book Drive.</p> <p>Swap parties are fun because it's weirdly satisfying to see people fall in love with your old things. But why stop at books? What about a winter coat swap at your kid's school? How about a kitchen tool or recipe swap party with your neighbors? I offset the cost of my groceries by attending a monthly neighborhood backyard produce swap.</p> <h2>14. Donate Like a True Do-Gooder (Without Getting Audited)</h2> <p>If you want to get stuff out of your house in a hurry, feel like you are helping the less fortunate, and get a tax write off, donate your extra stuff to charity.</p> <p>Charities like The Salvation Army and Goodwill do not set a valuation on your donation. That responsibility is left up to you. But donor beware! Huge tax deductions for donated goods are a red flag to auditors. Use a <a href="https://satruck.org/Home/DonationValueGuide">donation value guide</a> to assess the true market value of your used items. Also, it's a good practice to photograph your donated goods so you have evidence of your good works should you get audited.</p> <p>Ahem, let me get on my soapbox for one moment.</p> <p>Charities spend a huge amount of their budgets on trash collection because so many people use their local shop as a dumping ground for all their old crap. Would you buy a pair of pants with a brown stain across the front? No, you would not. Don't be that guy who trades trash for a tax write-off. That's cheating on taxes and on charity.</p> <p>When it comes to charity donations I am very careful to only donate items that are in selling condition. As in, an item is in such good condition that I would spend money to buy it.</p> <p>(Steps off soapbox.)</p> <p>That said, just like I am always on the hunt for new places to recycle weird stuff, I am always on the lookout for groups that repair expensive, broken goods for charity. For example, I donate my old glasses to the <a href="http://www.lionsclubs.org/EN/how-we-serve/health/sight/eyeglass-recycling.php">Lions Club</a>.</p> <p>The screen of my laptop computer died in January. Although I could sell it on Craigslist for parts, I'm donating it to CRASH Space, my local hackerspace, because I know the makers there will recycle the entire machine responsibly. As a side benefit, I can claim this donation as a tax write-off since CRASH Space is a nonprofit.</p> <h2>15. Curb It</h2> <p>My nightly walk takes me past a wide set of concrete steps that used to lead to an apartment building but now lead to a vacant lot. I few years ago I started leaving items that were in usable condition, but not nice enough to donate or sell for money, on the steps to nowhere. I leave pretty much everything &mdash; stinky shampoo, old clothes, recently expired canned goods, vintage electronics, magazines, pens that I don't like &mdash; on the steps, neatly merchandised for easy shopping. The things that aren't gone by the next night, I know they are truly garbage. I throw the leftovers away without guilt. Usually, the stuff is gone before morning.</p> <p>This personal donation spot has been a fun experiment. I have met some of my late night shoppers and I was happy to hear how they are enjoying my old things. Also, some of my neighbors have started copying me. About once a week I see that someone else has made a donation to the steps.</p> <h2>16. Go Digital</h2> <p>Yes, I am old. I came of age in a world without cloud storage and I have nostalgia for books made from dead trees. So is it any surprise that the bulk of my clutter is paper-based? Between the library and our digital subscriptions to everything from IMDB to Netflix, we're managing our shelf space, but our file cabinet is exploding.</p> <p>Although I have successfully resisted this chore for more than a decade, I am finally getting around to digitizing the hard copies of all my old contracts, patterns, notes, etc. for clutter free, online storage.</p> <p>Does anyone have any tips on digitizing documents and ditching paper clutter? (Oh, please). I could use all the help I can get!</p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/max-wong">Max Wong</a> of <a href="http://www.wisebread.com/my-16-favorite-ways-to-get-rid-of-clutter">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-4"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/make-money-and-declutter-by-selling-these-5-unlikely-treasures">Make Money and Declutter by Selling These 5 Unlikely Treasures</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/11-easy-ways-to-earn-more-on-ebay">11 Easy Ways to Earn More on eBay</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/25-things-to-throw-out-today">25 Things to Throw Out Today</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/23-frugal-living-resolutions-anyone-can-master">23 Frugal Living Resolutions Anyone Can Master</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/9-gifts-that-wont-become-clutter">9 Gifts That Won&#039;t Become Clutter</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Frugal Living Organization charity cleaning clutter craigslist downsizing eBay garage sales mari kondo renting selling waste Tue, 01 Nov 2016 09:30:31 +0000 Max Wong 1824618 at http://www.wisebread.com How to Come Up With $1,000 in the Next 30 Days http://www.wisebread.com/how-to-come-up-with-1000-in-the-next-30-days <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/how-to-come-up-with-1000-in-the-next-30-days" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/woman_money_jar_19788438.jpg" alt="Woman coming up with $1,000 in 30 days" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>A few years ago, I needed to come up with about $1,000 quickly. I moved into a new house that had a perfect spot for a flat screen TV &mdash; but I didn&rsquo;t have a flat screen TV. I made a deal with myself that I could to go ahead and buy a TV, even though it was certainly a luxury item. But I would need to come up with the cash first without breaking my budget.</p> <p>Football season was starting, so I wanted to get the money together as quickly as possible and get the new TV installed. The challenge was on!</p> <h2>The Game Plan: $1,000 in 30 Days</h2> <p>I needed a way to keep track of my progress so I would know when I had come up with enough money to buy a TV. I went with a very simple approach: I kept the TV money in an envelope and wrote the total on the outside of the envelope as I added more. (See also: <a href="http://www.wisebread.com/a-comprehensive-guide-to-the-envelope-system?ref=seealso">A Comprehensive Guide to the Envelope System</a>)</p> <h3>Get Motivated</h3> <p>I also made a chart to keep on the refrigerator so the whole family could track the progress. As we added more money to the TV fund, I increased the length of the bar on the chart, moving it closer to the goal on the right side of the page.</p> <p>Keeping a visible reminder of progress toward the savings goal was a great motivation and communication tool. This encouraged everyone to think of ways to save more money so we could get a TV faster. Plus, I never had to answer questions about whether we could buy the TV yet. The answer was on the chart.</p> <p>The next issue was to figure out how to get extra money to put in my empty envelope. There are two basic approaches to getting money together: either make extra money somehow, or cut expenses and apply the savings toward your goal. If you want to come up with $1,000 in 30 days to pay off a big bill or save up some cash for the holidays, you will likely need to both make extra money and cut expenses.</p> <h2>How to Get Extra Money</h2> <p>A simple approach to coming up with extra money quickly is to sell some stuff that you no longer need or use. You may also be able to turn some of your extra time into money, as well.</p> <h3>Sell, Sell, Sell</h3> <p>It is easier than ever to sell things to get cash quickly &mdash; just what you need to help meet your goal of $1,000 in 30 days. I made some extra money for my TV fund by having a garage sale and selling items on Craigslist and eBay.</p> <p>I made a few hundred dollars at my garage sale selling a variety of things, including some patio furniture and a bunk bed that my kids outgrew. I sold some collectibles on eBay, and on Craigslist I found buyers for my old rototiller, a ladder, and some tools I no longer needed. It was amazing that people wanted to buy almost anything I wanted to sell! Altogether, I made about $800 by selling unneeded items.</p> <p>One of the benefits of selling at a garage sale, or on Craigslist or eBay, is that you get the money quickly. Consignment stores are a convenient place to sell extra items, but your stuff may take longer than 30 days to sell. If you need money quickly, selling at a consignment shop may not be fast enough.</p> <h3>Return, Return, Return</h3> <p>Another way I made quick money was to return some unopened items to the store. For a variety of reasons, I had accumulated some fixtures and other items for home improvement projects that I never got around to using. Much to my delight, I was able to return many of the items to the store and get my money back. I also had some new clothes that still had the tags and decided to return these too, and put the money into the TV fund.</p> <h3>Dig Deep</h3> <p>A natural place to round up some money was from the change jar. I also found some spare change in my car. I rounded up all of the change I could find and took it to my credit union to get about $75 in bills to put in my envelope.</p> <p>Some other ideas to get some quick money:</p> <ul> <li>If you rent your house, offer to take care of some maintenance in exchange for reduced rent that month. I once cleaned out the gutters and repaired some screen windows and got $100 off my rent.<br /> &nbsp;</li> <li>Take on a temporary part-time job. I started blogging to make extra money, but it took more than 30 days for the money to start coming in. You might be able take on an odd job such as working at a retail store or delivering newspapers to get some extra cash.</li> </ul> <h2>How to Cut Spending Fast</h2> <p>The second approach to getting extra money quickly is to do some good old fashioned cost-cutting. Even if you have your expenses on a short leash, it seems like there is always room to cut back a bit more, especially for a short time like 30 days.</p> <h3>Mind the Weekend</h3> <p>A good way to jump-start spending reduction is to limit your spending to paying bills, buying food, and putting gas in your car. Eliminate other spending as much as possible during the next 30 days. Put any optional spending on hold, such as buying clothes or going to the movies. I find that weekends are especially difficult when it comes to controlling expenses &mdash; sometimes it seems like my weekends are spent driving around and spending money! Avoid <a href="http://www.wisebread.com/8-common-weekend-money-traps-and-how-to-avoid-them">weekend money traps</a> by staying away from situations that are likely to empty your wallet.</p> <h3>Defer Big &mdash; and Small &mdash; Purchases</h3> <p>Defer as many purchases as possible such as electronics, furniture, or sporting goods. Deferring purchases not only saves you money in the short term, but you may be able to avoid the expense altogether. For about a year, I was really interested in recumbent bikes. I read about recumbent bikes, looked at recumbent bikes in bike shops, and looked at ads for them on Craigslist almost every day. It would have been easy to spend $500 or more to get a recumbent bike, but I kept putting it off until I had the money saved up. Eventually, I realized that a recumbent bike would take up a lot of room in my garage and be too wide to ride easily on the local trails. By deferring the expense long enough, I avoided it.</p> <h3>Cut Subscriptions</h3> <p>You may be able to cut some of your bills to save money right away. Consider cutting or pausing your cable TV or satellite TV service. Depending on your package, you may be able to save $50 to $100 with one phone call. You may also be able to cut or pause your gym membership and newspaper subscription to save some money right away.</p> <p>If you run out of something during the next 30 days, try to use a substitute that you already have on hand, rather than paying to replace items. For example, if you run out of one type of cleaning product, try to use a different one that you already have. If you run out of paper towels, try to use a cloth instead. If you run out of body wash, try to use a bar of soap you have in the closet instead of buying more body wash.</p> <h3>Re-Negotiate Insurance and Other Bills</h3> <p>You might be able to reduce your insurance bill and save money this month. Call a couple competing insurance companies to get quotes on car insurance and home insurance for the same coverage. Some insurance companies offer discounts if you have multiple policies, such as home and vehicle.</p> <p>Refinancing your mortgage can be another opportunity to get some quick savings. Since most lenders charge origination fees, refinancing can make sense if you are planning to be in your house for a few years. If interest rates have dropped since you financed your home, you can reduce your mortgage payment every month.</p> <h3>Cut Food and Transport Costs</h3> <p>Food and transportation expenses are mandatory for practically everyone, but even these essential expenses can be reduced in most cases. Making your meals and coffee at home is a huge money saver &mdash; eating at a restaurant of fast food place costs about three times as much as eating at home, and avoiding the coffee shop can save you dollars per day. You should also pack a lunch to bring to the office and avoid temptation at the vending machine. If you think you&rsquo;ll be hungry later, pack a snack.</p> <p>You can save money on gas by simply driving less and making trips out for essentials only. Maybe you can even join a carpool to significantly reduce your transportation expenses.</p> <p>You may find that some of the special things you do to cut expenses during the next 30 days are things that you want to continue doing so you can have &ldquo;extra&rdquo; money all the time.</p> <h2>How Much Can You Cut?</h2> <p>How much can you cut your expenses in 30 days? Your potential savings depends on your specific expenses and what can be reduced. I saved about $200 mainly by packing my lunch every day and cutting back on dining out throughout the month.</p> <h2>Success!</h2> <p>It was a great feeling to walk into the electronics store and pay for my new TV with cash that I saved up by making extra money and cutting expenses!</p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/dr-penny-pincher">Dr Penny Pincher</a> of <a href="http://www.wisebread.com/how-to-come-up-with-1000-in-the-next-30-days">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-1"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/youve-been-saving-money-all-wrong-heres-why">You&#039;ve Been Saving Money All Wrong. Here&#039;s Why</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/heres-how-a-spending-ban-can-help-and-hurt-you">Here&#039;s How a Spending Ban Can Help (and Hurt) You</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/how-to-manage-your-money-no-budgeting-required">How to Manage Your Money — No Budgeting Required</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/4-brilliant-tips-from-smart-mom-rich-mom">4 Brilliant Tips From &quot;Smart Mom, Rich Mom&quot;</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/8-personal-finance-resolutions-anyone-can-master">8 Personal Finance Resolutions Anyone Can Master</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Personal Finance Extra Income budgeting cutting costs downsizing Envelope system expenses fast money quick cash saving money selling Wed, 19 Oct 2016 09:00:08 +0000 Dr Penny Pincher 1815775 at http://www.wisebread.com How to Earn Money on Etsy — No Craft Required http://www.wisebread.com/how-to-earn-money-on-etsy-no-craft-required <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/how-to-earn-money-on-etsy-no-craft-required" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/woman_selling_clothes_75889247.jpg" alt="Woman learning how to earn money on etsy " title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>Etsy is a wonderful marketplace to sell crafts and other handmade goods. However, you do not have to be crafty to make a profit on Etsy. There are several individuals who make their living off of selling a wide range of art supplies (that do not need to be handmade or customized), as well as vintage items.</p> <h2>Selling Supplies on Etsy</h2> <p>For individuals selling art and craft supplies directly to consumers, there are not many online markets. Both eBay and Amazon can prove profitable, but the reach that Etsy has as a crafting platform and community is beyond compare.</p> <p>Generally, people who buy or browse Etsy are individuals who love handmade goods and are interested in crafting at some level. The benefit of selling supplies is that all crafters need it, both beginning hobbyists, as well as experienced craft makers who sell their work for a living.</p> <p>See also:&nbsp;<a href="http://www.wisebread.com/20-places-besides-etsy-to-sell-your-handmade-goods?ref=seealso">20 Places Besides Etsy to Sell Your Handmade Goods</a></p> <h2>How to Sell Supplies on Etsy</h2> <p>In order to be successful selling supplies on Etsy, you have to know the field. For example, if you want to sell yarn, you will need to know a thing or two about knitting. This doesn't mean that you have to be an expert knitter, but you do need to be willing to put in the research about yarns and yarn related crafts.</p> <p>Is important that you also have the ability to find quality products for inexpensive costs. When considering what to list, think of Etsy's fees. Having an Etsy shop is free, but listing a product costs $0.20, and Etsy then takes 3.5% from the selling price. Therefore, if you list a skein of yarn for $9, then you will pay $0.52 in fees. Calculating fees beforehand can ensure that you make the most possible profit for your item.</p> <p>Depending on the supplies you want to sell, you will be able to get inventory through local craft stores with coupons and a wholesale license, which allows you to buy the item tax-free. You might also need to purchase supplies in bulk, overseas, like through&nbsp;<a href="https://www.alibaba.com/">Alibaba</a>.</p> <h2>Selling Vintage Items on Etsy</h2> <p>eBay is a popular selling platform for selling used items, but many times the kitschy and fashionable items do not get the respect or views they deserve. Etsy allows individuals to sell vintage items in the same way as a boutique owner would sell their wares.</p> <p>Veronica Staudt, owner of&nbsp;<a href="https://www.etsy.com/shop/VintageMeetModern?ref=hdr_shop_menu">Vintage Meet Modern</a>, used to sell her vintage jewelry finds on eBay before Etsy was popular. However, she has seen more success using Etsy, because it is a more personable platform. &quot;I did a lot of homework about where I could sell vintage goods and have them respected, understood, appreciated, and desired,&quot; she says. &quot;At the time there were not very many selling platforms that allowed for that. Etsy is one of the few that appreciates what makes vintage special and unique.&quot; She is more than just a username and seller ID, unlike on eBay. She was able to create a brand through Etsy, which just would not have been possible to do through eBay or Amazon.</p> <p>Heidi Ferguson, owner of&nbsp;<a href="https://www.etsy.com/shop/princessntheflea">Princessntheflea</a>, is another successful vintage shop on Etsy. She originally started selling her vintage finds on eBay in the late 90s, but took a five year break when eBay changed its business model and made selling vintage items harder. &quot;I started my Etsy shop in August of 2015 with about 10 items to get a feel for how the site worked and quickly sold out of items,&quot; she says. &quot;I started making goals of 20, then 30, then 40 items in the shop until I finally reached 100.&quot;</p> <p>Lauren Arkin, owner of&nbsp;<a href="https://www.etsy.com/shop/LABoudoirMiami?ref=search_shop_redirect">LABoudoirMiami</a>, says, &quot;My vintage business LA Boudoir started off as a brick and mortar shop and after five years of my clientele being mainly locals and tourists, I wanted to reach out to more potential clientele nationally and internationally. Through some research, I thought Etsy had a great platform to reach that goal. Now I have clients all over the world including those in Europe and Asia. It took about six to eight months to get my Etsy shop to where I am happy with it.&quot;</p> <p>See also: <a href="http://www.wisebread.com/5-ways-etsy-can-help-start-your-small-business?ref=seealso">5 Ways Etsy Can Help Start Your Small Business</a></p> <h2>How to Sell Vintage Items on Etsy</h2> <p>The three women above are proof that selling vintage items on Etsy can be a successful side business, but how do you get started? First things first, find a niche that works for you. If you don't know anything about jewelry or designers, then those should not be your first choice of items to buy and sell, unless you are willing to put in many hours of research.</p> <p>Once you find your niche, research the best selling items in your area of interest. It is important to know how much certain items go for, so that you will know what buying price you need to stick to. You can find inventory at thrift stores, yard sales, and estate sales. It can be tempting to want to buy a lot of inventory when you first start, but it is better to start off slow and buy items of the highest quality.</p> <p>If you are looking to explore a side business, don't overlook Etsy. Both crafters and non-crafters alike can benefit from Etsy's personable and tight-knit selling platform.</p> <p><em>Do you sell on Etsy? Share your experience below.</em></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/ashley-eneriz">Ashley Eneriz</a> of <a href="http://www.wisebread.com/how-to-earn-money-on-etsy-no-craft-required">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-2"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/the-5-best-sites-to-sell-your-arts-and-crafts">The 5 Best Sites to Sell Your Arts and Crafts</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/8-totally-free-things-you-can-sell-on-ebay">8 Totally Free Things You Can Sell on eBay</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/the-7-best-objects-to-pawn">The 7 Best Objects to Pawn</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/20-places-besides-etsy-to-sell-your-handmade-goods">20 Places Besides Etsy to Sell Your Handmade Goods</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/flashback-friday-55-brilliant-ways-to-turn-your-junk-into-cash">Flashback Friday: 55 Brilliant Ways to Turn Your Junk Into Cash</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Frugal Living Extra Income arts crafts etsy online selling secondhand selling supplies thrift store vintage Tue, 23 Aug 2016 10:00:16 +0000 Ashley Eneriz 1777831 at http://www.wisebread.com How to Sell Your Kid's Stuff at a Consignment Sale http://www.wisebread.com/how-to-sell-your-kids-stuff-at-a-consignment-sale <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/how-to-sell-your-kids-stuff-at-a-consignment-sale" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/hanging_baby_clothes_61959774.jpg" alt="Learning to sell your kid&#039;s stuff at a consignment sale" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>When you have kids, clothing and toys seem to multiply by the minute. One way I like to stay on top of decluttering is to sell my kids' outgrown items at consignment sales. Here are my top tips to cash in on your kid items through local sales.</p> <h2>How to Find a Local Consignment Sale</h2> <p>I have sold my kid items at an actual consignment shop and a semiannual consignment sale. The latter is better. With a consignment shop, you are limited and do not tend to make as much as you'd hoped. However, with a semiannual consignment sale, you are able to set your own prices, drop off your items, and then pick up what does not sell at the end of the week.</p> <p>Find a local consignment sale by doing a web search of &quot;(your city) + consignment sale&quot; to see if there are any in your area. You can also go to the&nbsp;<a href="https://www.jbfsale.com/home.jsp">Just Between Friends</a> website and search local consignment sales. It will cost $10&ndash;$20 to sign up to be a <em>consignor</em>, and most sales happen at the beginning of spring and fall.</p> <h2>Make Your Items Shine</h2> <p>There are several volunteers who will look over your items for sale, and they can be picky. Make sure your items are in the best shape possible. Spot treat and wash clothing and shoes. Wipe down toys and books. The better your items look, the quicker they will sell.</p> <p>Try using a <a href="http://amzn.to/2ad1S3m">Magic Eraser</a> for spots or scribbles on dolls or plastic toys. I also like to use fabric softener and a laundry brightener when washing the kid clothing to make it look even better. All battery-operated toys will also need to include batteries, so be sure to stock up on packs from the .99 Cent Store or Dollar Tree.</p> <h2>The Brand Name Sweet Spot</h2> <p>More common brand names like Cherokee, Circo, or Carters will sell, but at lower prices. For example, a cute outfit from Target might have cost you $20 and would sell for $3&ndash;$5. Higher end brand names like Gap and Gymboree will sell for more, especially if it is a recent style. Specialty brands such as Naartjie, TEA, or Isobella &amp; Chloe might be better sold online, since many shoppers are not familiar with these brands.</p> <h2>Group Like Items Together</h2> <p>Grouping similar items together for one price helps you to sell more of your stuff and earn more money. I try to group same-sized outfits or pieces together to increase my chance of selling. At these consignment events, there are generally a lot of baby clothes, and there is a good chance no one wants to buy a single onesie for $2. However, if you put together five onesies and five pairs of baby pants for $10, there is a better chance that a shopper will buy it.</p> <p>I also like to group together books to make a better profit. I have found that the books should be related to make the most money. For example, putting an early reader book with some baby books will probably not sell. However, if I put several of the Magic Treehouse series together or several board books together in a bag, then its salability increases dramatically.</p> <h2>Discover What the Best and Worst Sellers Are</h2> <p>If you know of individuals who have consigned in the past, ask them what sells and what doesn't sell well for that particular sale. In my experience, maternity clothes and generic baby items do not sell well. Usually my local consignment sale is full of baby equipment and baby clothes, making it hard to compete.</p> <p>However, for the sale that happens right before Christmas, toys are hot sellers. Shoppers seem more inclined to splurge with the holiday season in mind. I have also found that attractive, brand name clothing in sizes 4-7 sell better than the smaller sizes. I also have good luck with my book lots.</p> <h2>Don't Be Afraid to Discount</h2> <p>Many consignment sales will offer a 50% off day at the end of the sale. Take advantage of this and mark your items for discount, unless you believe you can get a better price on eBay or Craigslist. For most of my items, I price them to sell. Usually my best items are gone before the discount day. The discount day then allows me to sell the rest of my stuff rather than having to take it home.</p> <h2>Get a Bigger Cut</h2> <p>If you volunteer to work the sale, you might get some benefits. For my local sale, volunteers get into the pre-sale early and receive an additional 5% back on their sold items. I will only volunteer if the 5% would equal a nice amount of money and if I want to get into the pre-sale.</p> <p><em>Have you ever sold in a consignment sale? How was your experience? </em></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/ashley-eneriz">Ashley Eneriz</a> of <a href="http://www.wisebread.com/how-to-sell-your-kids-stuff-at-a-consignment-sale">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-6"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/4-bad-money-habits-youre-teaching-your-kids">4 Bad Money Habits You&#039;re Teaching Your Kids</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/five-tips-for-a-smooth-nanny-share">Five Tips for a Smooth Nanny Share</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/5-financial-pitfalls-stay-at-home-parents-should-avoid">5 Financial Pitfalls Stay-at-Home Parents Should Avoid</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/how-to-use-new-toys-to-teach-kids-about-money">How to Use New Toys to Teach Kids About Money</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/15-awesomely-fun-toys-you-can-diy">15 Awesomely Fun Toys You Can DIY</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Extra Income Family Lifestyle clothes consignment sales kids selling thrift stores toys used Mon, 25 Jul 2016 09:30:34 +0000 Ashley Eneriz 1753336 at http://www.wisebread.com How to Improve Your Finances Using Social Media http://www.wisebread.com/how-to-improve-your-finances-using-social-media <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/how-to-improve-your-finances-using-social-media" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/woman_phone_text_94856801.jpg" alt="Woman learning how to improve finances using social media " title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>Social media is about more than just looking at friends' baby photos, posting what you ate for dinner last night, and watching the most recent viral videos. It can actually help you improve your finances, land a new job, and reach your savings goals more efficiently. That's why we've found some of the best ways to improve your finances by getting the most out of social media. (See also: <a href="http://www.wisebread.com/6-ways-social-media-can-save-you-money?ref=seealso">6 Ways Social Media Can Save You Money</a>)</p> <h2>&quot;Friend&quot; Your Credit Cards and Bank</h2> <p>Add your credit card issuers and bank to your social media accounts by &quot;friending&quot; or following them. Large institutions usually offer deals to followers, so you can enjoy a lower APR, higher savings interest rate, or other money-saving promos. In fact, according to U.S. News, social media is often the first outlet that banks choose to <a href="http://money.usnews.com/money/personal-finance/articles/2015/06/03/why-the-financial-services-industry-started-tweeting">share news about upcoming deals</a>.</p> <p>Social media is also possibly the best way to get in touch with customer service quickly, as it will allow you to get their attention more easily. Just make sure to keep your account information, address, and any other private information off the message boards and social media pages.</p> <h2>Enjoy Travel and Shopping Deals</h2> <p>There are endless travel and shopping deals available through social media. Retailers often choose social media as the first outlet to announce upcoming sales, so their friends and followers are able to take advantage of the biggest discounts first. Followers are frequently offered early deals, as well.</p> <p>You can find Twitter-specific deals that can save you on everything from rental cars and vacations to eating out and even buying gifts. Before going out to make any purchases, check Facebook, Twitter, Instagram, and Pinterest to make sure there aren't any deals that you're missing. You can even check social media hashtags, such as #deal, to find the best deals in your area.</p> <h2>Share Goals</h2> <p>Many financial experts recommend sharing your financial goals online. By setting your goals early and sharing them with the people you love, it can help you articulate what you really want and hold you accountable to achieve your goals. In fact, research has shown that making <a href="http://www.fastcompany.com/3047432/work-smart/why-sharing-your-progress-makes-you-more-likely-to-accomplish-your-goals">public statements about goals</a> can help you achieve them more efficiently. However, you never want to reveal anything too personal, such as private information that fraudsters can use against you.</p> <h2>Get Money-Saving Tips</h2> <p>By following your favorite finance site on social media, you can find endless free money-saving tips and updates. You can also find forums and group discussions with unique money-saving ideas and encouragement from others. You can even find good financial and investment advice online.</p> <p>Seeing these tips on a daily basis on your social media pages can also be a good reminder each and every day to protect your hard-earned income. After all, we all need a reminder once in a while that we don't really need that new top or expensive latte in the morning.</p> <h2>Find a New Job</h2> <p>LinkedIn can be an invaluable tool when you're searching for a new job. You can apply for jobs directly through LinkedIn, perfect your resume, and even reach out to potential employers and former colleagues. Contacting them through Facebook or Twitter won't be as effective or as professional as contacting them through LinkedIn.</p> <p>With LinkedIn, once you have created a professional profile, employers and recruiters can even reach out to you with potential job offers. You can also join LinkedIn groups within your field so you are the first to know about potential opportunities. You can even add examples of your work, recommendations from current or previous coworkers, and any honors you've received to better build your online portfolio.</p> <h2>Make Connections</h2> <p>Networking through social media can result in better face-to-face communication, potential job offers, and endless contacts in your field. Simply following someone or sharing their social media posts can be a great first step in networking and making connections.</p> <h2>Build Your Brand</h2> <p>Whether you're promoting your personal business or services, or just want to build your reputation as the best in your field, posting on social media can be a great start. Just make sure to stay consistent so that you can reach as many followers as possible.</p> <h2>Research More Efficiently</h2> <p>Gone are the days of asking for financial suggestions from friends and coworkers. Whether you're looking for a new financial planner or would like information on which investments to make, you can find more information quickly through social media. With a simple social media search, you can find detailed research on the investment product or financial adviser you're interested in.</p> <p>You can also find suggestions for dentists and other service providers in your area through social media. This will ensure you get what you're looking for and don't waste money.</p> <h2>Sell Your Items</h2> <p>If you create and sell items privately, such as through Etsy, social media can be a great free platform for you to advertise your products or services. This can help you bring in more revenue, reach new customers, and show off your work to a limitless audience.</p> <h2>Make Some Extra Income</h2> <p>There are even ways to make some extra income using social media. If you have a large following, you can publish sponsored tweets or sign up for affiliate accounts, where you will receive your own unique link to earn some extra income when followers make purchases using that link. (See also: <a href="http://www.wisebread.com/6-ways-to-make-extra-money-using-social-media?ref=seealso">6 Ways to Make Extra Money Using Social Media</a>)</p> <p><em>Have you followed Wise Bread on social media yet? What are your best tips for improving your finances through social media? </em><em>Please share your thoughts in the comments!</em></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/andrea-cannon">Andrea Cannon</a> of <a href="http://www.wisebread.com/how-to-improve-your-finances-using-social-media">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-8"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/heres-how-a-spending-ban-can-help-and-hurt-you">Here&#039;s How a Spending Ban Can Help (and Hurt) You</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/6-smart-ways-to-save-money-this-year-without-clipping-a-coupon">6 Smart Ways to Save Money This Year (Without Clipping a Coupon)</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/6-ways-social-media-can-save-you-money">6 Ways Social Media Can Save You Money</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/10-of-the-coolest-sayings-about-saving">10 of the Coolest Sayings About Saving</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/8-frugal-living-skills-i-wish-my-parents-would-have-taught-me">8 Frugal Living Skills I Wish My Parents Would Have Taught Me</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Personal Finance Technology advice blogs deals extra money Internet job hunting promotions saving money selling shopping social media travel Mon, 25 Jul 2016 09:00:11 +0000 Andrea Cannon 1753337 at http://www.wisebread.com 8 Totally Free Things You Can Sell on eBay http://www.wisebread.com/8-totally-free-things-you-can-sell-on-ebay <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/8-totally-free-things-you-can-sell-on-ebay" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/woman_holding_pinecone_69865273.jpg" alt="Woman learning how to sell free items on eBay" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>Do you have a house full of kids who are just itching for something to do this summer? Why not inspire them to start their very own mini-business? With just a bit of research and patience, your kids can sell products online, make extra cash, and learn a few important money lessons along the way &mdash; all without spending a dime on inventory. Here are eight totally free items they can sell eBay.</p> <h2>1. Empty Toilet Paper Rolls</h2> <p>Wipe away that look of disbelief. Empty toilet paper rolls can be turned into cold hard cash. Used for all sorts of school and craft projects, 200 of these cardboard cylinders will fetch about $35.00 on eBay.</p> <h2>2. Four-Leaf Clovers</h2> <p>Searching for four leaf clovers is a great way to help kids unplug and enjoy the great outdoors. Each one of these dry pressed lucky charms sells for about $6.00 on eBay. Not bad for an afternoon spent lounging in the warm summer breeze.</p> <h2>3. Paper Currency</h2> <p>Sure, cash isn't technically free, but certain bills can be worth far more than their face value. Check your wallet and piggy bank; modern bills that feature distinctive (collectors call them &quot;fancy&quot;) serial number combinations can bring big bucks.</p> <p>Look for large groups of the same digit, repeating sets of digits, sequential digits, and very low or very high numbers. Last week, a 2009 one dollar bill sold for $11.00 on eBay. Its eight-digit serial number was 18611111. In April, a 2013 one dollar bill with the low serial number of 00001004 brought $30.00.</p> <h2>4. Sea Glass</h2> <p>Crafters and jewelers are drawn to the subtle beauty of surf-tumbled sea glass. While all colors sell, deep purple, orange, and red glass are the rarest and most highly prized. Recently, a single piece of ruby red sea glass (part of an old soda bottle bottom worn smooth from years in the ocean) sold for $99.00 on eBay.</p> <h2>5. Driftwood</h2> <p>Large sculptural pieces of driftwood are used in landscaping, terrarium design, professional taxidermy projects, and as decorative elements in aquariums. Simple forms can fetch $10.00, while more interesting shapes can bring as much as $85.00. But don't ignore the tiny bits of driftwood. Smaller 2&quot;&ndash;10&quot; twigs can be sold in bulk to crafters for all sorts of projects. A 14-piece lot recently sold on eBay for $15.00.</p> <p>Remember, before gathering driftwood on public land, check with local park officials. Many areas have restrictions that forbid the removal of any natural materials.</p> <h2>6. Large Pine Cones</h2> <p>Believe it or not, pine cones can be a modest cash crop. Particularly hot around the holiday season, they're a staple in home décor, flower-arranging, wreath-making, and other craft projects. A lot of 40 longleaf pine cones recently sold on eBay for $18.99. Hmm&hellip; maybe money <em>does</em> grow on trees.</p> <h2>7. Empty Perfume Bottles</h2> <p>Perfume bottles are charming vessels for floral centerpieces at weddings and bridal showers. Don't worry about the rarity, size, shape, or color. In March, a collection of 15 miniature perfume bottles sold for $39.99 on eBay.</p> <h2>8. Perfume, Makeup, and Skin-Care Product Samples</h2> <p>Samples appeal to customers who want a low cost way to try something new or who are simply looking for more travel-friendly sizes of their favorite products. If you have samples to sell, be thorough in your listing. Specify the product amount in ounces or grams, its age, and the expiration date. Sixteen free samples of Dermalogica Gentle Cream Exfoliant recently sold on eBay for $10.00.</p> <p>Remember, the key to successful online selling is research. Take a look at what's selling and what's not, explore niche markets, try to anticipate what people will be clamoring for during the next big holiday season, and &mdash; before you toss it out &mdash; check to see what it might be worth!</p> <p><em>What freebies have you sold online? Which items surprised with you the highest sales price? </em></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/kentin-waits">Kentin Waits</a> of <a href="http://www.wisebread.com/8-totally-free-things-you-can-sell-on-ebay">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-1"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/11-easy-ways-to-earn-more-on-ebay">11 Easy Ways to Earn More on eBay</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/clear-out-that-clutter-15-places-to-sell-your-stuff">Clear Out That Clutter: 15 Places to Sell Your Stuff</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/6-weird-things-to-sell-on-ebay-for-extra-cash">6 Weird Things to Sell on eBay for Extra Cash</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/10-things-you-should-always-buy-and-sell-on-ebay">10 Things You Should Always Buy and Sell on eBay</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/how-to-earn-money-on-etsy-no-craft-required">How to Earn Money on Etsy — No Craft Required</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Extra Income crafts driftwood eBay four leaf clovers free items money samples sea glass selling toilet paper tubes Thu, 30 Jun 2016 10:30:05 +0000 Kentin Waits 1738702 at http://www.wisebread.com Make Money and Declutter by Selling These 5 Unlikely Treasures http://www.wisebread.com/make-money-and-declutter-by-selling-these-5-unlikely-treasures <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/make-money-and-declutter-by-selling-these-5-unlikely-treasures" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/three_coffee_mugs_75581393.jpg" alt="Making money and decluttering by selling unlikely treasures" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>You may want to take one last peek through those boxes sitting in the garage before donating the contents to your local Goodwill. Turns out there are some surprising items in your home that others are willing to take off your hands for significant cash. Your junk being another person's treasure has never been truer. Here are the items worth knowing about.</p> <h2>1. Coffee Mugs</h2> <p>A couple years ago, I accidentally stumbled upon the underground world of coffee mug collectors. I was doing my annual eBay roundup of all the items in my home that I didn't use, and on a whim, I threw in two coffee mugs that I had no need for. I snapped some pictures, wrote a brief description, put up the eBay listings, and lo and behold, a bidding war erupted on the last day of both auctions. I ended up selling a House of Blues mug for $23 and a Starbucks mug for close to $28.</p> <p>I was so blown away with the success of my coffee mug auctions that I decided to do some research. I discovered that there are many eBay sellers who fervently search local thrift stores for coffee mugs that they can turn a quick profit on. Coffee mugs that sell really well include anything Disney, vintage restaurant mugs, Starbucks, vintage Pyrex, and mugs with famous people, places, and TV shows on them. Always search eBay &quot;completed listings&quot; to determine the value of coffee mugs. The <a href="http://anywhere.ebay.com/">eBay app</a> allows you to do this while you're in the thrift store to determine if you may have just found a hidden gem.</p> <h2>2. Name Brand Clothing</h2> <p>If you have a closet full of clothing you don't wear anymore, considering selling it rather than donating it. If it's a brand-name label, you have a much better chance of cashing in as buyers are more familiar with sizing and styles. Brands that sell well include American Eagle, Gap, Banana Republic, Land's End, Calvin Klein, Express, and Abercrombie &amp; Fitch. Consider sites like&nbsp;<a href="https://poshmark.com/">Poshmark</a>, which allow you to create a listing within 60 seconds and quickly have your unwanted clothing in front of a million prospective shoppers. Many Poshmark users have actually created a full-time income for themselves by selling thrift store finds.</p> <p>Perhaps the best way to sell clothing online is to utilize the power of eBay. Not only can you take advantage of their huge reach, but they make the transaction easy via their interface. Be sure to take good pictures of the item and write an honest description. I like to package the item and weigh it before creating the listing so I can charge accurate shipping fees.</p> <p>Also, because eBay users are searching for the exact item and size you're selling, be careful when creating auction lots with multiple clothing items. For example, if you're selling men's jeans and you have two pair size 34x34, and one pair in size 33x34, you'll have a tough time selling all three together in a lot, even if they all basically fit the same. You'll have much better success selling the 34x34 pairs together and the 33x34 separately.</p> <p>Also, don't forget about more traditional ways of selling clothing via a yard sale or at a community or church sale. While you might not get top dollar like you can online, you'll be able to unload a lot of inventory quickly.</p> <h2>3. Baby Gear and Clothing</h2> <p>Don't put your unused stroller, crib, or playpen in the attic. The same can be said for gently used baby clothing and gear. Because baby items are typically outgrown before they wear out, they make for terrific items to sell both online and at local baby shops. Brands that typically sell well include Baby Bjorn, Gymboree, Baby Gap, Hanna Andersson, Graco, Peg Perego, and Children's Place. For best results, sell clothing online via eBay and bundle items together to make complete outfits. They tend to sell really well this way, especially when you take good pictures and write a detailed description.</p> <p>When selling bulkier baby gear, you have two solid options. You can sell it on <a href="http://craigslist.org">Craigslist</a> if you're comfortable with the process, or you can opt for local retail shops like <a href="http://www.childrensorchard.com/">Children's Orchard</a>, <a href="http://www.onceuponachild.com/locations#us">Once Upon a Child</a>, or <a href="http://kidtokid.com/stores/">Kid to Kid</a>. Name brands in good to excellent condition have a premium and you can typically get a great deal if you're willing to accept store credit as payment. You can then use the proceeds to buy the sizes that your kids are currently wearing.</p> <h2>4. Past Amazon Purchases</h2> <p>Are you aware of a service from Amazon called <a href="http://amzn.to/1TYF2Ar">Amazon Trade-In</a>, which buys back your past purchases that you have no need for anymore? Once you're signed-in, Amazon will go back through your order history and tell you what they'll buy back, and for how much. I recently tested out the service and was happily surprised when I discovered they would buy back a rarely played Xbox game that we gave our son for Christmas. We bought it for $25 over six months ago, and they'll buy it back for $14. This buyback amount was 25% better that what our local GameStop would pay for it. The best part is Amazon uses prepaid shipping labels which allow you to ship the item back free of charge.</p> <p>Also, it's worth noting that items don't have to be purchased from Amazon to be eligible for a buyback. From the Amazon Trade-In homepage, click on &quot;Find More Items&quot; and simply enter the item you want to sell, and they'll give you a price quote. (See also:&nbsp;<a href="http://www.wisebread.com/7-ways-to-make-amazon-pay-you?ref=seealso" target="_blank">7 Ways to Make Amazon Pay YOU!</a>)</p> <h2>5. Old Smartphones</h2> <p>Depending on the age, condition, and demand for your old smartphone, you can make a pretty penny by selling it online. Rather than throwing your old smartphone in the desk drawer, sites like <a href="https://swappa.com/">Swappa</a> and <a href="https://www.gazelle.com/">Gazelle</a> are great options to consider. Both will happily take your phone, pay the shipping, and give you cold hard cash for your device. You can quickly get a free quote from them by answering a few questions about your smartphone. Do you have an old iPhone 5 (16GB) collecting dust? Swappa will buy it for $112. While devices can show normal signs of wear and tear, they must be fully functional and ready to activate to get top dollar. They'll take broken devices too, just don't expect a big payday.</p> <p>If you're the type of smartphone user who always needs the newest and greatest, consider selling your old smartphone to one of these sites before the new model is released. By doing so, you'll get top dollar as prices for last season's model plummet once the new model is released. Once you get word of the impending new model, start strategizing your sale and have a cheap smartphone at the ready as a backup during the transition period.</p> <p><em>What stuff laying around your home have you been able to sell for some extra money?</em></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/kyle-james">Kyle James</a> of <a href="http://www.wisebread.com/make-money-and-declutter-by-selling-these-5-unlikely-treasures">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-8"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/my-16-favorite-ways-to-get-rid-of-clutter">My 16 Favorite Ways to Get Rid of Clutter</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/what-you-need-to-start-flipping-items-for-cash-online">What You Need to Start Flipping Items for Cash Online</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/the-7-best-objects-to-pawn">The 7 Best Objects to Pawn</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/how-to-get-rid-of-all-your-crap">How to Get Rid of All Your Crap</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/how-to-sell-your-crap-a-book-review-and-tips">How to Sell Your Crap: A Book Review and Tips</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Frugal Living Amazon baby gear cleaning clothes collectibles craigslist donating eBay goodwill selling Wed, 22 Jun 2016 10:00:10 +0000 Kyle James 1733678 at http://www.wisebread.com 20 Places Besides Etsy to Sell Your Handmade Goods http://www.wisebread.com/20-places-besides-etsy-to-sell-your-handmade-goods <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/20-places-besides-etsy-to-sell-your-handmade-goods" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/woman_sewing_machine_000041228042.jpg" alt="Woman finding places besides etsy to sell her handmade goods" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>First launched in 2005, Etsy rose as the leading ecommerce website for people looking to buy or sell unique handmade items, including art, photography, clothing, jewelry, and knick-knacks. With the potential to sell to over 50 million customers, Etsy has been able to gather over 1.5 million active sellers. All <a href="http://www.wisebread.com/5-ways-etsy-can-help-start-your-small-business" target="_blank">Etsy sellers</a> are looking to make it big &mdash; like top sellers BohemianFindings and Clbeads, who boast over 730,440 and 411,130 sales, respectively.</p> <p>However, sellers of handiwork are savvy to avoid locking themselves to Etsy. Since its IPO on April 16, 2015, the price of Etsy stock [<a href="http://finance.yahoo.com/q?d=t&amp;s=ETSY">NASDAQ:ETSY</a>] has lost over 71% in value. Take action and list your items somewhere else. There is a plethora of places to showcase your wares, after all. In alphabetical order, here are 20 places besides Etsy to sell your handiwork.</p> <h2>1. Aftcra</h2> <p>Launched on 2013 in Milwaukee, Wisconsin, <a href="http://www.aftcra.com">Aftcra</a> is an online marketplace that only sells &quot;Made in America&quot; handmade products. If you currently live in the United States and your products are handcrafted by you or your small team, you can become a seller on Aftcra. Given the niche market of Aftcra, this marketplace charges a selling fee of 7%, which is double of that of Etsy. However, Aftcra charges no other fees, unlike Etsy's $0.20 charge per listing, $0.20 per auto-renewal fee for unsold quantities, and variable multi-quantity fee.</p> <h2>2. Amazon Handmade</h2> <p>In 2015, the ecommerce giant entered the handmade market with its <a href="http://services.amazon.com/handmade/handmade.html">Handmade at Amazon</a> offering. In its push to compete against Etsy, Amazon is waving its $39.99 monthly fee for a required professional selling plan until August 1, 2016. However, you can only take advantage of this fee waiver as long as you sell fewer than 40 items. If you sell more than 40 items in categories on Amazon, you'll have to pay the $39.99 monthly fee right away. Handmade at Amazon charges a 12% referral fee, with a minimum applicable of $0.5 per item, on sales of goods.</p> <h2>3. ArtFire</h2> <p>Boasting seven million shoppers per year and 10,000 active shops offering two million products, <a href="http://www.artfire.com">ArtFire</a> offers three seller plans. The Shop plan only charges a 9% final commission fee on sales but limits your offering to 24 active listings. The Webstore plan charges a $20 fee per month, allows you to have up to 1,000 active listings, and tacks on a 3% final commission fee. The Commercial Store plan charges a $60 fee per month, allows you to have up to 5,000 active listings, and tacks on a 3% final commission fee.</p> <h2>4. Big Cartel</h2> <p><a href="http://www.bigcartel.com">Big Cartel</a> is a good option for sellers that are comfortable with HTML, CSS, and Javascript, and who like to customize their online storefronts directly. This online marketplace doesn't charge you a penny if you're selling up to five products. However, Big Cartel is designed only for small stores that sell up to 300 products and charges a monthly fee of $9.99, $19.99, and $29.99 for stores of up to 25, 100, and 300 products, respectively.</p> <h2>5. Bonanza</h2> <p>Formerly known as 1,000 Markets, <a href="http://www.bonanza.com">Bonanza</a> is a good option for sellers already selling on Amazon, eBay, or Etsy because it allows you to import your inventory directly from those marketplaces. Bonanza charges sale fees fees based on final offer value (FOV), which is the price plus any portion of the shipping charge exceeding $10. Items with a FOV under $500 receive a 3.5% sales commission, and items with a FOV greater than $500 receive a fee of $17.50 plus 1.5% of the amount over $500. The maximum possible fee is $250. Bonanza also offers an advertising service within the platform at an additional cost.</p> <h2>6. Craft Is Art</h2> <p>Started in 2009, <a href="http://www.craftisart.com">Craft Is Art</a> originally focused on jewelry and fashion accessories. Nowadays, the Las Vegas-based company accepts sellers of all types of handmade goods. If you're comfortable with up to 100 listings, you can enroll in the pay-as-you-go plan that charges only a 5.5% sales commission. Or you can pay $7.99 per month or $79.99 per year to have an unlimited number of listings and pay no sales commission.</p> <h2>7. Craigslist</h2> <p>With more than 60 million users each month in the U.S., <a href="http://www.craigslist.org">Craigslist</a> is a great resource to sell your goods. While Etsy users have <a href="http://www.etsy.com/teams/7722/discussions/discuss/8875680/">mixed reviews</a> about selling handmade goods on Craigslist, you really can't go wrong with zero charges for listing and making a sale. Additionally, you get to potentially increase the exposure of your handiwork at a local level.</p> <h2>8. DaWanda</h2> <p>Sellers who believe their products have great sales potential on international markets should take a look at <a href="http://www.dawanda.com">DaWanda</a>. This marketplace allows you to list your handiwork on the English site, as well as the German, French, Spanish, Italian, Dutch, and Polish sites. Of course, you will need to be able to provide the product descriptions and shipping details in those languages. DaWanda charges a 10% commission on the sales price of any item sold.</p> <h2>9. eBay</h2> <p>Within <a href="http://www.ebay.com">eBay</a>, you can list your handiwork under several categories, including handmade crafts, handmade jewelry, and many others. eBay recommends you be as detailed as possible in the description section of your listings, include keywords that will draw potential buyers to your listing, take high-quality photos of your goods from different angles, and determine whether an auction-style or fixed price listing is the best format for your products.</p> <h2>10. eCrater</h2> <p>Launched back in 2004, <a href="http://www.ecrater.com">eCrater</a> is an alternative to eBay. The main benefit of listing your handiwork here is that the costs are minimum. It's free to open your store and you don't pay a commission on sales that are directly from your store. For sales that come from the site, you pay a 2.9% sales commission on the sales price of your item.</p> <h2>11. iCraftGifts</h2> <p>Based in Toronto, Canada, <a href="http://icraftgifts.com">iCraftGifts</a> offers you the opportunity to offer your handiwork to both Canadian and American audiences at the same time. iCraftGifts charges a $25 non-refundable one-time fee for setting up your store and offers three plans: starter (up to 50 items for sale for $5 per month), professional (up to 100 items for sale for $10 per month), and elite (unlimited items for sale for $15 per month). There is a 10% discount when you pay annual fees upfront.</p> <h2>12. MadeItMyself</h2> <p><a href="http://www.madeitmyself.com">MadeItMyself</a> is another marketplace that charges no listing or monthly subscription fees. You only pay a flat 3% commission charge on sold items.</p> <h2>13. RebelsMarket</h2> <p>Craftspeople of alternative lifestyle and cultures, including goth, steampunk, or rock, can find in <a href="http://www.rebelsmarket.com/">RebelsMarket</a> a great channel to reach out within those niche markets. If your application to open a store is approved, you pay no listing or setup fees and have no contract to maintain your store open for a minimum period. You'll be charged 15% of the total item price, excluding shipping.</p> <h2>14. ShopHandmade</h2> <p>You can't go wrong with free. At <a href="http://www.shophandmade.com">ShopHandmade</a>, you're charged no fees at all for selling your handiwork. You can list and sell as many items as you want and you keep all your revenues. Besides your handiwork, you can also sell your gently used craft supplies, genuine vintage items, and arts and crafts services.</p> <h2>15. Shopify</h2> <p><a href="http://www.shopify.com">Shopify</a> is a turnkey ecommerce solution that you can deploy at your existing website or registered domain name, or that you can use to register a domain within Shopify. This online marketplace is appropriate for sellers looking for a flexible solution that can grow with their business and are willing to pay extra for add-on services, such as an in-store point of sale that connects to Shopify in the future. Shopify is a very robust platform, but all the bells and whistles come at a price. With monthly plan prices of up to $179 and credit card rates of up to 2.9% plus 30&cent; per per transaction, Shopify is a platform for intermediate to well-established online sellers.</p> <p>One important point for sellers considering Shopify is that the marketplace only imports and exports products by CSV file.</p> <h2>16. Silkfair</h2> <p>Some sellers of handiwork also deal other types of goods, such as books, magazines, collectibles, and electronics, and are looking for platforms that allow them to list all kinds of items. Besides Craigslist, eBay, and Amazon, <a href="http://www.silkfair.com">Silkfair</a> is another online marketplace for such sellers. Silkfair doesn't charge you to setup your online store or list items, but tacks on a standard 3% transaction fee on sales across all of its plans. This online marketplace offers templated online stores with limited features and no fees, and customizable stores with extra features starting at $7.99 per month.</p> <h2>17. Squarespace</h2> <p>You may have first heard about Squarespace from its 2015 or 2016 Super Bowl commercials. The reasons why <a href="http://www.squarespace.com">Squarespace</a> can afford to spend so much in marketing is that many companies, including Cisco, Lyft, and Fast Company, use this platform to build not only online stores, but also websites. The main advantage of Squarespace is that it can provide a wide range of possibilities ranging from a single-page websites to a full-fledge online store. Squarespace charges $7 monthly for a cover page, $12 for personal websites, $26 for business websites, $30 for basic online stores, and $80 for advanced online stores. There are discounts for paying in advance for an entire year.</p> <h2>18. Storenvy</h2> <p>Focusing on the indie brand market, <a href="http://www.storenvy.com">Storenvy</a> currently hosts over 44,350 sellers of goods made by hand. This online marketplace aims to stand out from the crowd by curating indie craft makers through its social shopping marketplace. Storenvy claims that its marketplace works like a social network and that it provides you exposure based on feedback from other users (such as &quot;envies,&quot; Storenvy's equivalent of &quot;likes&quot;) and followers of your store. The more activity your business gets in the marketplace, the greater the chance your business has of being featured on Storenvy's collections at the front page.</p> <p>All sales made through the Storenvy marketplace are charged a 10% commission of the total sale, including shipping. There are no additional fees for setting up a store or listing your items. However, all customer payments are processed through Stripe or PayPal, both charging a 2.9% plus $0.30 fee to you.</p> <h2>19. Supermarket</h2> <p>Featured on GQ, InStyle Magazine, and the Food Network, <a href="http://www.supermarkethq.com">Supermarket</a> focuses on attracting talented makers and connecting them with discerning customers. Supermarket claims that its customers are very interested in knowing who made the goods, how those goods are crafted, and where are those goods made. So, being a great storyteller is an asset to sell on this online marketplace. At Supermarket, designers pay a 15% commission, including payment processing, on sold items only.</p> <h2>20. Zibbet</h2> <p>Home to more than 51,200 independent sellers, <a href="http://www.zibbet.com">Zibbet</a> only accepts independent sellers and sticks to a strict definition of handmade. When in 2013 Etsy revamped its seller guidelines to allow vendors to hire additional employees and work with outside manufacturers, some Etsy sellers vowed to let their listings expire and list all of their items on Zibbet. Unlike most online marketplaces, Zibbet doesn't charge a commission or transaction fee. Instead, Zibbet offers three plans: starter ($5 per month, sell up to 50 items), pro ($10 per month, sell unlimited items), and unlimited ($20 per month, sell unlimited items, additional features).</p> <h2>The Bottom Line</h2> <p>Besides Etsy, there are plenty of online marketplaces in which you can showcase your handmade goods. While some of them charge no fees, most of them do. Make sure to check for applicable fees to determine whether or not it makes financial sense to post your items on certain marketplaces. Whenever possible, sign up for a free trial to get a sense of the ins and outs of the platform before you start paying any recurring fees. If you're satisfied with the performance of a specific ecommerce solution, paying monthly fees in advance for an entire year often provides savings.</p> <p><em>What are other places to sell your handiwork?</em></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/damian-davila">Damian Davila</a> of <a href="http://www.wisebread.com/20-places-besides-etsy-to-sell-your-handmade-goods">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-1"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/how-to-earn-money-on-etsy-no-craft-required">How to Earn Money on Etsy — No Craft Required</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/8-totally-free-things-you-can-sell-on-ebay">8 Totally Free Things You Can Sell on eBay</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/8-reasons-why-you-should-get-a-3d-printer">8 Reasons Why You Should Get a 3D Printer</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/25-beautiful-things-you-can-make-with-paint-sample-cards">25 Beautiful Things You Can Make With Paint Sample Cards</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/make-a-crafty-airbrush-out-of-old-junk">Make a crafty airbrush out of old junk</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Shopping art crafts etsy handiwork homemade goods independent seller online stores selling Mon, 09 May 2016 09:30:25 +0000 Damian Davila 1703950 at http://www.wisebread.com Get More Money for Your Stuff With These Retail Secrets http://www.wisebread.com/get-more-money-for-your-stuff-with-these-retail-secrets <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/get-more-money-for-your-stuff-with-these-retail-secrets" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/clothing_store_owner_000085125681.jpg" alt="Woman using retail pricing secrets to earn more" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>Want to move product like a boss in the retail arena? Implement a few of these <a href="http://www.wisebread.com/these-secrets-of-amazons-pricing-strategy-will-help-you-find-the-best-buys" target="_blank">pricing secrets used by consumer giants</a> (even if you're a bit player in the online game) to see an uptick in sales.</p> <h2>Use a Colored Tag System</h2> <p>Help your customers easily discern what's full price and what's marked to move with a color-coded tagging system. Home Depot, for example, uses white tags to indicate full price items and yellow tags for clearance merchandise, says <a href="http://smatterist.com/6388/secrets-retailers-dont-want-you-to-know-about-their-price-tag-codes/">Smatterist</a>. This, of course, only works if you have physical items and buyers you can watch, but you'll definitely see what customers gravitate to if they can easily decipher what's on sale and what isn't.</p> <h2>Place Clearance and Sale Items in the Back of the &quot;Store&quot;</h2> <p>Placing clearance and other marked-to-move items in the back of the store is an industry best practice. How do I know? Because I'm conditioned (and you probably are, too) to head straight to the back of the retailer's setup to discover the can't-be-beat deals. Another reason this strategy is attractive to so many retailers is that you have to walk past all the new arrivals and full-priced items along the way &mdash; and they're hoping you'll find something you like there, too. If they put the sale stuff up front, you likely wouldn't venture past that section, and neither will your customers.</p> <h2>Offer Discounts on Damaged Goods</h2> <p>Recently I was shopping at West Elm to furnish a new home I purchased. I had a good idea of most of the items I wanted, but I also took a look around the store for items I knew I needed but hadn't yet settled on from other retailers. In the front window of the store and also in a corner on the second level were items designated as &quot;floor models&quot; that I was told were discounted heavily because they needed to make space for new-season arrivals. As such, I scored a dining table for about $500 off the original price, and two large area rugs, for 50% and 70% off, respectively.</p> <p>These items aren't without their flaws, mind you &mdash; the glass tabletop has a small scratch on it, and the rugs have been walked on by other people &mdash; but everything was still in great enough condition to overlook the minor damage considering the excellent price.</p> <p>If you have stuff that's still perfectly good, but marked by use, drop the price so it's still attractive despite whatever imperfections it may have and make those flaws a feature. If the customer feels like they're walking away with a bargain, those little dents and dings won't matter a bit.</p> <h2>Establish BOGO Deals if You Need to Move Inventory</h2> <p>If you have an abundance of inventory &mdash; maybe you came upon a surplus of items from a recent treasure hunt &mdash; consider offering a buy-one-get-one promotion to get the product out of the store and, thus, money in your pocket faster.</p> <h2>Price Your Items Higher With Room for Negotiation</h2> <p>Whenever I sell items online or at a yard sale, I price them for what I'd like to get for them &mdash; and that's typically higher than what I reasonably think people will pay for the items. And it's all very carefully planned out. I price items this way, because I know people will haggle. Considering the arrival of the eventual bargain hunter, then, I'm putting myself in a position to lower the price to one that they can handle and still walk away satisfied that the final price was one with which I can be happy.</p> <h2>Undercut the Competition</h2> <p>I run a couple businesses myself, though admittedly none of which deal with physical merchandise, but my strategy is always the same: Undercut the competition. If you have a quality product or service and your prices/fees are below the competition, the customers will come. Just don't slash your prices so low that you don't make any money. That's the best way to go bankrupt, which is definitely not this strategy's endgame.</p> <h2>Earn a Little More From Shipping and Other &quot;Fees&quot;</h2> <p>If you're an avid online seller &mdash; eBay, for instance &mdash; you already know that shipping fees can add a few extra bucks to your bottom line with each transaction. All of us have become accustomed to paying these fees when shopping online, so there's not much danger in turning the customer off &mdash; especially if you're a small, mom-and-pop-type retailer. But you want to make sure these fees are proportionate to the product and remain affordable. What I mean by that is if you're selling clothing, you can't charge $20 for shipping like you could an item with more weight, like sports equipment. Just be insightful enough to keep the fees acceptable so there's no red flag from the customer's side and you'll walk away a winner.</p> <p><em>What tricks do you use to help move your stuff faster?</em></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/mikey-rox">Mikey Rox</a> of <a href="http://www.wisebread.com/get-more-money-for-your-stuff-with-these-retail-secrets">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-6"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/11-retailers-where-you-can-negotiate-a-lower-price">11 Retailers Where You Can Negotiate a Lower Price</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/ask-these-8-questions-to-get-a-better-price">Ask These 8 Questions to Get a Better Price</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/7-secrets-to-scoring-the-best-price-when-buying-on-ebay">7 Secrets to Scoring the Best Price When Buying on eBay</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/10-tricks-you-should-learn-from-great-hagglers">10 Tricks You Should Learn From Great Hagglers</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/6-ways-to-convince-a-store-clerk-to-give-you-a-deal">6 Ways to Convince a Store Clerk to Give You a Deal</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Life Hacks Shopping eBay negotiating pricing secrets retail sales strategies selling Fri, 22 Apr 2016 09:00:04 +0000 Mikey Rox 1691582 at http://www.wisebread.com The 7 Best Objects to Pawn http://www.wisebread.com/the-7-best-objects-to-pawn <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/the-7-best-objects-to-pawn" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/woman_pearl_necklace_000007828524.jpg" alt="Woman finding best objects to pawn" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>Strapped for cash? You might be interested in pawning a few items &mdash; that is, providing something of value as collateral for a monetary loan &mdash; when you're in a bind. What's some of the best stuff to pawn? Peep this list of popular items that bring home the big(ish) bucks.</p> <h2>1. Scrap Jewelry</h2> <p>Jewelry, especially gold and silver, intrinsically holds value &mdash; so long as the market dictates, and people like shiny things. And pawnshops are always on the lookout for a potential payday on your precious-metal rings, bracelets, and necklaces.</p> <p>&quot;This is most true with scrap jewelry,&quot; says Kurt Heckman, president of vCalc, an online calculator for determining the real value of jewelry. &quot;Whether it's an old necklace from a past boyfriend or girlfriend, or something you've inherited from an aunt, even the ugliest scrap jewelry can have significant value.&quot;</p> <p>I can personally vouch for scrap metal bringing in a decent dollar amount. When my grandmother died, she left me one of her wedding rings. Considering that I'm married to a dude and not interested in having children, I didn't really have much use for the ring &mdash; and I don't believe in having something just to have it. Thus, I sold the gold and kept the diamonds so that I can have them reset into another reminder of my grandmother that I can actually wear and cherish.</p> <h2>2. High-End Electronics</h2> <p>Higher-end electronics, including relatively large LED and LCD TVs, new gaming systems, digital cameras, tablets, laptops, and more, are promising pawn items. The value of these items at the pawn shop is similar to what they're going for on sites like eBay. Just make sure your item is complete and in excellent condition to get the most value from it. Missing cords, controllers, and even packaging material &mdash; particularly for Apple products &mdash; can reduce the value considerably. Also, make sure that the devices are fully charged before going to the store so the attendant can test the items quickly and efficiently.</p> <h2>3. Gas- and Battery-Powered Tools</h2> <p>Believe it or not, there's a huge secondhand market for power tools, both gas and battery powered. Like your high-end electronics, you'll want to make sure that all of the components (cords, accessories, etc.) are with the item for maximum value, plus charge them or fill them with gas before bringing them to the shop so you can demonstrate that they work. As these items have a propensity to get dirty, taking a soapy garage rag to them to before showing them off isn't a bad idea either.</p> <h2>4. Coins and Currency</h2> <p>Perhaps one of the surest bets at the pawnshop is coins and currency. Collectors frequent pawnshops to find rare currency for their collections, so the market is strong. Plus, since we're dealing with money here, you'll almost always get face value (but hopefully more). Ideal pieces to take into the shop include U.S. collectible coins, gold coins, silver dollars, half-dollars, American Eagles, proof sets, silver certificates, Federal Reserve Notes, and rare paper money. (See also:&nbsp;<a href="http://www.wisebread.com/15-surprisingly-valuable-uses-for-a-penny?ref=seealso">15 Surprisingly Valuable Uses for a Penny</a>)</p> <h2>5. Musical Instruments</h2> <p>A story on NBC News a few years ago revealed that musical instruments are <a href="http://www.nbcnews.com/id/29762007/ns/business-consumer_news/t/whats-hot-pawnshop-these-days/#.VstQpSmBJNF">popular pawn items</a>, much to the delight of parents everywhere whose elementary-school children quit violin lessons after four weeks. Guitars and amplifiers are among the most coveted items, however, most likely to the chagrin of parents whose high-school children dream of garage-band stardom.</p> <h2>6. Guns</h2> <p>It probably comes as no surprise that gun sales are big business for pawnshops given the political climate in which we live. Gun sales are tricky, though. For starters, you must be the registered owner of the gun that you're trying to pawn, and you have to find a shop that accepts your type of weapon. Some shops will only accept antiques, or they might have restrictions against automatic weapons. Plus, gun-control laws are getting stricter, and policies are changing all the time. These items may start to become scarce in pawnshops in the near future.</p> <h2>7. Rare Collectibles and Items With Historical Value</h2> <p>Ever watched <em>Antiques Roadshow</em> in amazement (and a little bit of jealousy) at the seemingly ordinary items that people bring in that have an astonishingly high appraisal value? You might have some of those hidden treasures in your own attic, basement, or displayed prominently in your house. The value will increase if your item is a rare collectible or has historical value. If you have a hunch that something may yield a big payday, research it online first to see what you're working with and go from there.</p> <p><em>Have you ever pawned anything? Was the outcome what you expected? Let's discuss in the comments below.</em></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/mikey-rox">Mikey Rox</a> of <a href="http://www.wisebread.com/the-7-best-objects-to-pawn">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-4"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/make-money-and-declutter-by-selling-these-5-unlikely-treasures">Make Money and Declutter by Selling These 5 Unlikely Treasures</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/how-to-earn-money-on-etsy-no-craft-required">How to Earn Money on Etsy — No Craft Required</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/7-ways-to-make-amazon-pay-you">7 Ways to Make Amazon Pay YOU!</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/how-to-sell-your-hair-for-cash">How to Sell Your Hair for Cash</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/11-easy-ways-to-earn-more-on-ebay">11 Easy Ways to Earn More on eBay</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Frugal Living Extra Income appraisals collectibles pawn shops scrap selling thrifting tools Tue, 08 Mar 2016 10:00:10 +0000 Mikey Rox 1668457 at http://www.wisebread.com 10 Questions to Ask Before You Sell a Stock or a Fund http://www.wisebread.com/10-questions-to-ask-before-you-sell-a-stock-or-a-fund <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/10-questions-to-ask-before-you-sell-a-stock-or-a-fund" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/man_using_tablet_000057362770.jpg" alt="Man asking questions before selling stock or fund" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>Legendary investor Peter Lynch said it best: &quot;In stocks, as in romance, ease of divorce is not a sound basis for commitment.&quot; A clear majority of investors agree that stocks provide the highest average annual return of most common investments, as long as you're willing to hold them for a long period of time (from 1964&ndash;2014, U.S. stocks provided a 2,300% return!).</p> <p>However, there are times that it is indeed worthwhile to bid farewell to a stock. Here are 10 useful questions to ask yourself before you sell a stock or fund.</p> <h2>1. &quot;Why Did You Buy the Stock or Fund?&quot;</h2> <p>Depending on how long ago you acquired the shares, you may not even remember why you bought that stock in the first place. If you call yourself a student of value investing (meaning that you measure the fair value of a stock based on its future earnings power), and you already want to liquidate your holdings after just three months, you're not being consistent with your original investment objective. Most successful investors agree that consistency is essential, so revisit your original reason for buying the stock and determine whether or not it's really time to sell.</p> <h2>2. &quot;What Is Your Risk Tolerance?&quot;</h2> <p>Every investor has an unique approach to wealth management and is comfortable with different price drops. As mentioned earlier, the key is to be consistent and avoid eliminating your positions due to emotions. Remember that the stock market goes up <em>and </em>down. Follow the advice of former Fed Chairman Alan Greenspan: &quot;The market pays a premium to those willing to endure the angst of watching their net worth fluctuate beyond what Wall Streeters call the 'sleeping point.'&quot; (See also: <a href="http://www.wisebread.com/3-pearls-of-financial-wisdom-from-alan-greenspan?ref=seealso">3 Pearls of Financial Wisdom From Alan Greenspan</a>)</p> <h2>3. &quot;How Is the Investment Performing Against Its Benchmark?&quot;</h2> <p>Learning that the price of your stock dropped 3% may make you nervous, but finding out that its benchmark dropped 6% over the same period puts things in perspective. Just like having an investment strategy and determining your risk tolerance, establishing a benchmark is essential to evaluate the performance of any investment. Financial advisers often suggest using an exchange-traded fund (ETF) that tracks an index, such as the S&amp;P 500 or the <a href="http://finance.yahoo.com/q?d=t&amp;s=%5ERUT">Russell 2000</a> as a benchmark. Depending on the sector of your stock, other ETFs or indices may be more appropriate. For mutual funds, consider reviewing the <a href="http://online.wsj.com/mdc/public/page/2_3020-lipperindx.html">Lipper Indexes</a> of funds with a similar investment style.</p> <h2>4. &quot;What Is the Weight of a Stock or Fund in Your Portfolio?&quot;</h2> <p>Don't sweat the small stuff! It's one thing if that your stock represents 2% of your entire portfolio, and quite another if it's 60% of your portfolio. If you did your due diligence, you selected a variety of investments so that the positive performance of some investments neutralizes the negative performance of other investments. Putting all of your eggs in one basket is never a good idea when it comes to investing, especially with your nest egg.</p> <h2>5. &quot;Do the Shares Have a Vesting Period?&quot;</h2> <p>In the event that you're thinking about selling stock that you received as part of an annual bonus, you may be out of luck. For example, your employer could have awarded 250 restricted stock units that vest over time, such as 50 units every year for the next five years. If you're on the third year out of those five, you may be able to sell 150 out of those 250 shares. To find out the vesting period and the list of applicable rules of your company stock, contact your HR department.</p> <h2>6. &quot;What Is the Total Transaction Cost of the Sale?&quot;</h2> <p>Remember to include all applicable fees in your transaction cost calculations. Among the many <a href="http://www.wisebread.com/watch-out-for-these-5-sneaky-401k-fees">sneaky 401K fees to watch for</a>, the back-end load (also known as redemption fee, exit fee, or contingent deferred sales charge) is the one that you have to pay attention to during the sale of mutual funds. While you can technically sell your shares of a mutual fund right after having loaded them into your portfolio, you may have to pay an extra fee by not holding the shares a minimum period. Back-end loads range from 0.01% to 2% and are triggered by sales within 65 days, on the average.</p> <h2>7. &quot;What Is the New Asset Mix?&quot;</h2> <p>The sale of shares may dramatically affect the asset mix of your portfolio. For the long-term retirement savings of young investors, most financial advisers recommend allocating 90% of funds to stocks and 10% to bonds. Under this scenario, by selling a large holding in your portfolio, you may decrease your stock allocation significantly! To get your asset mix back on target, you would need to exchange the old stock or mutual funds shares for some new ones. If you're planning to exchange shares within the available options of a 401K plan or investment account, watch for potentially <a href="http://www.wisebread.com/4-sneaky-investment-fees-to-watch-for">applicable sneaky investment fees</a>, including exchange fees and front-end loads.</p> <h2>8. &quot;Do You Keep Your Current Schedule of Charges?&quot;</h2> <p>On the other hand, if you decide to liquidate your holdings and cash out entirely out of your portfolio, beware the ranges of the schedule of charges of your investment account. By reducing the size of your investment portfolio, you may forfeit benefits such as reduced fees and expenses. When cashing out is a must, your financial institution could allow you to keep your current schedule of charges by signing a letter of intent to reach that threshold again within a specific period of time.</p> <h2>9. &quot;What Are the Tax Consequences of the Sale?&quot;</h2> <p>On top of any associated fees from liquidating your shares, you also face applicable income taxes on capital gains. The IRS treats capital gains from the sale of shares held for less than a year as ordinary income, but provides a tax break on sales of shares held longer &mdash; typically a <a href="http://time.com/money/2794895/do-i-pay-taxes-when-i-profit-from-a-stock-sale/">15% tax rate</a>. And if you make the mistake of taking a distribution from your retirement account for the amount of the sale before age 59 1/2, you would trigger an additional 10% early distribution penalty.</p> <p>In the event of a capital loss, remember that you have to follow the IRS' &quot;wash-sale rule&quot; to be able to claim the loss for tax purposes. The rules state that you can't buy the same or &quot;substantially identical&quot; security within 30 calendar days before or after the sale.</p> <h2>10. &quot;What Is the Opportunity Cost of the Sale?&quot;</h2> <p>While you shouldn't become a victim of paralysis-by-analysis by overthinking too many &quot;what ifs,&quot; make sure to consider the opportunity costs of liquidating your stock or mutual holding shares.</p> <p>For example, for individuals younger than 50, the annual contribution limits to a 401K plan and IRA are $18,000 and $5,500, respectively for both 2015 and 2016. Let's assume that you are age 40, plan to retire at age 65, and have an expected rate of return of 6% for your IRA. If you were to liquidate an entire $5,500 from your Roth IRA, you would forfeit an extra $23,605 of income at age 65.</p> <p>By figuring out the opportunity cost before you sell a stock or fund, you begin to understand why Warren Buffett's favorite holding period is forever.</p> <p><em>What are other questions to ask before you sell a stock or fund?</em></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/damian-davila">Damian Davila</a> of <a href="http://www.wisebread.com/10-questions-to-ask-before-you-sell-a-stock-or-a-fund">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-3"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/learn-how-to-invest-with-these-5-stock-market-games">Learn How to Invest With These 5 Stock Market Games</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/these-8-small-cap-value-investments-are-on-fire">These 8 Small Cap Value Investments Are on Fire</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/7-reasons-you-shouldnt-invest-like-warren-buffett">7 Reasons You Shouldn&#039;t Invest Like Warren Buffett</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/8-stocks-to-dump-before-the-new-year">8 Stocks to Dump Before the New Year</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/5-essentials-for-building-a-profitable-portfolio">5 Essentials for Building a Profitable Portfolio</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Investment annual returns funds hold risk selling stock market stocks vesting period Mon, 29 Feb 2016 11:30:05 +0000 Damian Davila 1661853 at http://www.wisebread.com 15 Ways to Make Money Outside Your Day Job http://www.wisebread.com/15-ways-to-make-money-outside-your-day-job <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/15-ways-to-make-money-outside-your-day-job" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/000023241641.jpg" alt="" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>Extra money is great. At a minimum, extra income is more change in your pocket. Beyond that, it can diversify your income sources and make your finances less vulnerable to a disruption.</p> <p>There are many types of non-salary income, but one way they're often divided up is passive versus non-passive. Consider these 12 sources of additional income.</p> <h2>Passive Income</h2> <p>Passive income tends to be investment income: Money you get for letting someone use your money or your stuff. Here are the classic categories of passive income. (By and large, this whole category is only available if you have money to invest.)</p> <h3>1. Interest</h3> <p>Interest is money you get from something like a bond, CD, or savings account, where someone pays you to use your money.</p> <p>Not so long ago &mdash; before the financial crisis &mdash; there were plenty of reasonably safe interest-bearing investments that paid 3%, 4%, or even 5% over inflation. Those days are long gone. Now, CDs or bonds can barely beat inflation, and that's only if you're willing to tie your money up for a long time. Still, interest income can serve as a secondary income stream, and the opportunities are likely to get better in the near the future. (So, be careful about locking up your money for the long term at current rates.)</p> <h3>2. Dividends</h3> <p>Dividends are your share of the income earned by companies in which you own stock, and are also earned from baskets of investments that hold stocks, such as ETFs or mutual funds. Unlike the interest earned on a bond or CD, dividends can rise or fall unpredictably, depending on the success of the firm or the fund. Although some risky companies can pay high dividends, stable companies tend to offer modest returns, typically under 5%.</p> <h3>3. Rents</h3> <p>In theory, rents can be pure investment income, like interest and dividends, but in practice, being a landlord is more like taking on a second job &mdash; you have to find tenants, accept rent payments, keep the building maintained, deal with broken appliances, and so on. You can hire a management company to do that work, but that's an extra expense &mdash; and the income still isn't purely passive, because you still have the work of managing your relationship with the management company.</p> <p>Still, rental income can be an incredibly flexible second income stream. Airbnb, RelayRides, and similar companies now enable individuals to rent out things like spare bedrooms, vehicles not in use, and earn extra income with less effort.</p> <h3>4. Royalties</h3> <p>Royalties are money that you get for letting someone make more limited use of something that you own. If an oil company operates a well on your land, they'll pay royalties. If a publisher sells a book that you wrote, they'll pay royalties. The possibilities are vast, and in essence include anything people can use &mdash; land, books, photos, patents, trademarks, etc.</p> <p>It's worth noting that most people who sit down to write a book don't end up getting any significant income from it. That's probably even more true of people who sit down to invent something. Still, books, online stock photography, and even less-successful inventions can all generate extra income and diversify your earnings.</p> <h2>Non-Passive Income</h2> <p>Non-passive means you have to get out there and hustle up this extra income in your spare time. Some take a lot of hustle.</p> <h3>5. Working Another Regular Job</h3> <p>For someone working for wages, a second (or third or fourth) job is a classic source of extra income. If you're working for a salary, you'd probably be breaking your employment agreement to work another job, but there are ways to work for pay without breaking the rules. Check with your employer to determine your company's specific policies.</p> <h3>6. Working at an Irregular Job</h3> <p>Not all jobs require a regular time commitment. Some can be done on an ad-hoc fashion, such as:</p> <ul> <li>Casual labor, like a handyman, house painter, gardener, house cleaner, or dog walker.<br /> &nbsp;</li> <li>Freelance work (usually skilled or semiskilled labor done outside the range of regular employment), such as a web designer, photographer, adult education instructor, bicycle messenger, etc. Many occupations that fall into this category require special training, certification, or even licensing.<br /> &nbsp;</li> <li>Seasonal work, such as a department store Santa, sheep shearer, etc.</li> </ul> <h3>7. Service Something That Makes Money</h3> <p>The classic option here is a vending machine. Your investment is modest &mdash; the cost of the machine, and the cost to stock the machine the first time. Your labor is modest &mdash; visiting the machine to restock it and remove the cash.</p> <p>Vending machines used to be a great way to make a modest amount of money, especially if you knew someone who would let you put a machine in a reasonably high-traffic area either for free, or for a piece of the action. You could start small and then buy more machines. Back in the day when coin-operated video games were a thing there wasn't even any restocking needed &mdash; you just went as often as necessary to take out the money.</p> <h3>8. Running a Small Business</h3> <p>Running a small business can be a great way to make money from a source other than your salary. The range of options for small business are infinite. Just for starters, virtually all the &quot;irregular job&quot; items from the previous section could be just as easily arranged as a small business. Instead of painting houses or walking dogs, you start a house painting or dog walking business. Plus, running a business may confer certain tax advantages (deductions, anyone?) which can make it an even healthier secondary income source. The next two ideas can also be structured as small businesses.</p> <h3>9. Sell Something You Make</h3> <p>The list of things you can make and sell is endless &mdash; jellies and jams, soaps, jewelry, garden produce, baked goods, maple syrup, pottery, scarves, etc. I wrote a bit about the line between hobby and small business in my post <a href="http://www.wisebread.com/make-your-hobby-pay-its-way">Make Your Hobby Pay Its Way</a>.</p> <h3>10. Sell Copies of Something You Made</h3> <p>This is a variation on the point above about royalties. Instead of letting another company sell copies of something that you've created in return for royalties, you can sell the copies yourself.</p> <p>The classic case is self-publishing a book, but there are a lot of other possibilities that fall into this category. For example, If you know how to do something, you could create a video teaching how to do it, and then sell it on DVD.</p> <p>This option really lends itself to digital sales, because the cost of production is zero &mdash; ebooks, online video courses, phone apps, etc.</p> <p>It's tough to make much money this way, because there's so much stuff out there already, often for free. Sales are likely to be low, and unless you have a very narrow, very focused niche, you're going to face a lot of competition.</p> <p>Still, this can be a win, especially if you want to create something for your own reasons &mdash; a phone app that does something you want a phone app to do, a drawing that speaks to you, etc. If you're making the thing because you want to, the extra effort to sell copies is quite small, and will probably bring in a little money.</p> <h3>11. Sell Something You Gather</h3> <p>There are still places where it's legal to collect things and sell them &mdash; mushrooms, pine boughs, sea shells, rocks, insects, etc. Success requires access to a place where you can collect, and usually requires more than a little skill in knowing what's worth collecting, and how to sell it.</p> <h3>12. Sell Something You Buy</h3> <p>If you can buy something cheap and sell it for more than it cost, you can make money on the markup. To make a reasonable profit, you usually have to add value in some way. The two classic ways are: Import the item, or repackage a cheap, bulky item into smaller units.</p> <p><strong>Importation</strong>: Say you find something sold overseas that you really like &mdash; a clothing item or a gadget or a tool &mdash; that just isn't a thing in the U.S. You can find the manufacturer, buy a modest quantity at wholesale, import them into the US, and sell them at a markup. Your added value is the capital to buy the stock and the effort handling the complexities of importation.</p> <p><strong>Repackaging</strong>: Almost anything is cheaper in bulk, sometimes a lot cheaper. My wife buys a brand of quilt soap that's good for washing wool. She can get it in 8-ounce bottles for $8 or $9 dollars &mdash; about $17 a pound. The stuff has a single ingredient: sodium lauryl sulfate, the detergent in baby shampoo. If you buy by the barrel, sodium lauryl sulfate costs less than $1 a pound &mdash; highly profitable, even after paying for bottles. Anybody can do the same thing with anything that's cheap in bulk but can be sold for more in reasonable quantities.</p> <h3>13. Teach a Class</h3> <p>If you have some skill &mdash; and if you also have some skill at teaching &mdash; you can make money offering classes. Where I live, people can arrange to teach classes through the park district, recreation center, the local library, YMCA, community college, and at least two different senior organizations. Many of the stores that sell arts or craft supplies also offer classes with local artists and craftspeople as teachers. And if you're adequately entrepreneurial, you don't need to teach under the auspices of some other organization at all. You can find your own students and teach out of a location of your choice.</p> <h3>14. Put Ads on a Website</h3> <p>Creating a blog or static website and putting Google Ads (or other affiliate programs) on it can generate extra income &mdash; just how much depends on the traffic and ad clicks your site generates. It's a competitive space, but if you can produce a quality site with adequate traffic, it may provide a regular source of additional income.</p> <p>If you have some sales skills, you can also market your site to individual companies and get them to buy ads for a lot more money. That's another piece of work, however. It would make your income a little less passive, because now you're a salesman on top of everything else.</p> <h3>15. Create a YouTube Channel or Podcast</h3> <p>If you like making videos, this can be a source of modest income. If making videos seems like a lot of work, you're going to quit before you make any money from Google Ads on your YouTube channel. Still, if you make videos that go viral, there's the potential to make quite a bit of money. Some YouTube stars derive significant income from their videos.</p> <p>Podcasts are a little more complex to monetize, because you don't have the option of just putting ads on the page somewhere; you actually have to include the ad in the podcast itself. On the other hand, the ads are worth more, because the listener is pretty much stuck listening to the ad from beginning to end.</p> <p>There are podcast networks that offer tools to help with creating and making them easy for listeners to find. Some of them also have ad networks, although you'd probably make more money if you did the work of selling your podcast to sponsors.</p> <p><em>How do you earn extra income?</em></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/philip-brewer">Philip Brewer</a> of <a href="http://www.wisebread.com/15-ways-to-make-money-outside-your-day-job">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-4"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/8-ways-a-side-hustle-can-advance-your-career">8 Ways a Side Hustle Can Advance Your Career</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/5-new-income-streams-anyone-can-create">5 New Income Streams Anyone Can Create</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/12-side-jobs-for-stay-at-home-moms-and-dads">12 Side Jobs for Stay-at-Home Moms and Dads</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/9-ways-to-earn-extra-cash-when-money-is-tight">9 Ways to Earn Extra Cash When Money Is Tight</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/7-ways-to-make-amazon-pay-you">7 Ways to Make Amazon Pay YOU!</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Extra Income freelancing investments non-passive income passive income selling side jobs Thu, 19 Nov 2015 19:03:04 +0000 Philip Brewer 1615339 at http://www.wisebread.com