More Money Method #10: Recession Proof Reselling

The next idea in our series of “more money methods” will definitely appeal to you if you're very conscious of the effects of the recession.

This method is, I believe, recession proof. In fact, it may be fueled by the recession. Here's the scoop…

This strategy is very similar to our former strategy, in that your goal is to buy products for cheap and sell them for a tidy profit. The difference is you're going to focus on regular products rather than stuff like antiques or collectibles, and you'll be buying these products from completely different sources.

What you're going to be looking for are simply liquidated items. Closeouts, overstocks, or even fixture sales when retail stores and other businesses close down because of the “poor economy”. You are ready know how I feel about all that “bad economy” talk. Most businesses don't fold because of the economic conditions around them-they fold because of a failure to adjust to those convictions when it was possible. But I digress.

Again, this is not a strategy that's going to appeal to most info marketers, but some of you will be immediately drawn to this idea. I believe it is even scalable-once you get a system perfected, you could conceivably hire other people to help scale up your efforts at finding cheap closeouts and then turning them around at a profit.

The best part of this strategy is, it actually works better in tough economic times, because they're always stores liquidating their stock and going out of business. Now, you should know by now that I don't take joy in anybody's economic failure-but this is a real opportunity that some of my readers will seize upon and profit from. And I certainly have nothing against that.

If you're interested in knowing more about how to do this, you're sure to enjoy my new video training and “how to” manual, “10 Proven Ways to Make $10,000 Per Month”. You can only get it if you're a member of my Writing Riches Community. Click here to learn more.

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Ray Edwards is a world-renowned copywriter and communications strategist, writing for some of the most powerful voices in leadership and business including New York Times bestselling authors Jack Canfield and Mark Victor Hansen (Chicken Soup for the Soul) and Tony Robbins. Ray is a sought-after speaker and author, hosts a popular weekly podcast, and blogs at RayEdwards.com.