Specific Money-Making Ideas for your Young Millionaire!

Business Title: Leftover Fortunes

Summary: Collect remaining merchandise from garage sales and sell it on eBay

Detailed
Description: For the girl who loves to spend time on the internet, this
little business can be one of the more profitable there is! On any
given Saturday, your daughter can grab a digital camera and the
newspaper and wait for lunch to be over. Then, she can hit the trail of
garage sales in the community. By lunchtime, the rush of bargain
hunters has come and gone, and the people trying to sel their old stuff
are getting tired of sitting outside. They will take almost any offer
for whatever they have left. Your child can buy it for next to nothing!
She then snaps a picture of it, sets up an online auction (eBay or one
of the many others), and lets the bidding begin! There are several ways
to make a profit, from selling the merchandise for more than she paid
for it to keeping the purchase price low but raising the price for
shipping and handling. She can put hundreds of auctions up and make
much of her profit from the shipping and handling charges!

Start-Up Costs: $200

Materials Needed: A decent digital camera and enough money to buy some "stuff"

Potential Income: $50 to $500 per day!

Suggested Marketing Strategy:
The details described previously are basically all the marketing
strategy your young entrepreneur needs. However, an additional
suggestion would be for her to approach people before they have a
garage sale and tell them they could avoid the hassle and hard work of
having a sale by letting her place all their best stuff on an Internet
auction. Instead of setting up and advertising their sale, they have
your future millionaire come to their house, take pictures of what they
want to sell, and launch the auction. Then she shares the revenues with
the sellers!

Source:CNBC.com