Free Money Making Ideas – Part 1

Often, I see people asking the same question over and over—”what’s a good way to make money?” These people are usually trying to figure out what industry to go into to make money. I imagine they spend their days sloshing around the Internet looking for a way to make money. Is this you? There’s no reason why you should struggle to find moneymaking ideas.

Here are some tips for finding ideas—and they are quick and free.

Moneymaking Tip: Look at your junk mail

That’s right. Start with something you probably get every day of the year. I go out of my way to get on mailing lists. I fill out requests for information in the backs of magazines. I request any free catalog or information pack I see—regardless of whether I really want it.

There’s a reason behind my madness. When I get a piece of “junk” mail, I know that someone spent money to send it to me, which means, there could be money in whatever they are doing.

Since companies sometimes sell mailing information, it’s possible to end up on a slew of fun lists without any additional work. If you do this, I recommend setting up a mailbox at the UPS store, Post Office or similar location.

Let’s look at a few pieces of my mail from today.

Item One: It’s a brochure for a business-training course.

Item Two: It’s a catalog for specialty clothing with promo giveaway.

Item Three: It’s a catalog for gift baskets.

I’ve only listed three items, and I already have a slew of ideas. Let’s stop and look at item #2. This catalog is full of specialty clothes and there’s a bonus if you order now. The bonus was most likely researched by the company and tied to things that potential customers of these products would like. That’s free market research in my mail!

Now, I know what you are saying. How can I use this? Here are some quick ideas from just these three items.

1. Put together my own business-training course.
2. Create a website about gift baskets.
3. Write an article about gift baskets and sell it or use it for myself.
4. Make a note about what promo items work with certain customers.
5. Create and sell gift baskets like the 100s in the catalog.
6. Create a course about how to make and sell gift baskets and show examples.
7. See whether any of these companies have an online affiliate program. If so, look for ways to promote them.
8. Keep the catalogs for future reference on how to set up catalogs that sell.

There are eight ideas from three pieces of junk mail. Some of them take more work than others, but you can see how the ideas are out there.

In the next installment, I’ll share another moneymaking tip and give you more examples.