by Miss L V Liufalani

Created on: December 10, 2008   Last Updated: February 25, 2009

There are different ways a person is able to make money and coming up with the idea is the easy part. Unfortunately the hard part about money-making ideas is following the idea through so you can actually make money from it. Usually the things stopping a person from achieving a monetary increase is fear of starting, procrastination, lack of education/research/preparation to get the ball rolling.

Now money making ideas can be separated into different categories:

- Talent

- Creative products/Inventions

- Employee

- Business Owner

- Illegal Corporations

- Sales

Talent includes things like being an author, musician, actor, artist in painting/sculptures/photography and more. You all know what type of people these are and if you have an idea to become one then get yourself an agent/agency that believe you have such ability and let them help you find work. Once you're established in the industry then wait for the royalty cheques to come in and live off it.

Being able to brain storm and come up with a fantastic product or invention that could serves millions is definitely a way of making money. Once you come up with an idea/concept. Do your research; check that no-one has already achieved it. Go to a lawyer and pay money to have it patented so no-one can steal or claim the idea as there own and have the ability to sue anyone who copies you. Once you develop a working proto-type, sell the idea to a big manufacturing company or corporation that is willing to reproduce and sell for you. Either that or do it yourself by gaining investors who are willing to fund the project. Everyone has heard of shows like Dragons Den.

If all you know is working for your money, than why not be an employee. So many people these days believe that if they need extra money on top of what they are already earning from there regular job. They must get a second or even third job. There is nothing wrong with this except for the higher tax paid out before you get what ever is left over. Sometimes this is so not worth it, and after awhile it's like slave labour. But then everyone has there opinion.

Deciding to be a business owner is an interesting money making idea. The saying of "Mind your own Business" comes to mind. This could be through Net Working businesses/franchise, being a self employed contractor, or owning a business but letting a manager run it for you. The only thing is that you have to keep an eye on the accounting books. Having an investment portfolio fits into this category as you are an owner

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