One of the reasons I want to have independent income

Saturday, January 24, 2009 · 2 comments



This is way off topic, but I just had to let you all in on the pride of Illinois. This is one of the reasons I strive for forms of independent income. So that I can make a living from anywhere on the planet. Because if this guy opens his mouth one more time, I am outta here.

How to sell covered call options | Option Trading System

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How to sell covered call options | Option Trading System
Here's a great explanation of selling covered call options. Sounds really scary, but it's not. This is something I have been interested in for a long time. The concept of "recycling" your passive income into other passive income streams is truly an exciting concept. Read this post and let me know what you think about this strategy.

Selling for others on eBay

Wednesday, January 21, 2009 · 2 comments

Sorry for the long time between postings, it seems the holidays got the best of me this year! I hope everyone had a nice holiday season. I have kept after my online income streams, concentrating on writing for eHow, completing some surveys, and something new that I stumbled on....

After a conversation with a friend of mine who works at a trucking company, we agreed that I would market some of the things which he finds from broken pallets and items left behind on trucks. Apparently, after the carrier insurance is settled, the trucking company was throwing the items in the dumpster. When he asked if he could take them home, he was told to get the stuff out quickly because it was crowding the loading docks.

We were discussing my efforts to make a second income online when I suggested that I market his collection online. This solved a problem for him, because he could get the stuff out of his garage and get a much better price than he could locally, even after my percentage share.

I sold some things on eBay and even found some places online to sell directly to used equipment suppliers for some of the more industrial stuff. This turned into a nice arrangement for both of us. It gave my online efforts a nice year end boost as I was able to clear $312.50 for my efforts. This has been by far my most profitable venture online.

I would encourage you all to look around for opportunities like this because it really is a win-win deal for everyone involved. People that you and I both know who have little knowledge of the internet just can't grasp the massive market that can be reached. They are grateful to pay a part of the sale proceeds to you because, if you didn't sell it online for them, it will probably end up on next summer's garage sale 50 cent table.

This isn't passive income. It takes some research to find what things are worth and what sites will give you the most for your items. Bit I have to say it can be well worth your time. I estimate I made about $60 per hour doing this in December.

Let me know of any experiences you have had doing this.....