Reynolds Hand

Recession Buster – Raising Some Cash, Fast!

I can remember many years ago, around the time of the last recession in the early 90’s, being out of work and being at ‘rock bottom’. I’d had a great corporate job and a lifestyle to match the salary … trouble was everything was bought on credit. Then one day I lost my ‘safe’ job and my world crashed around me.

My savings disappeared almost overnight and I was forced to sell my house, moving into a grotty rented two-up, two-down terraced house.  A bit of a comedown from the large detached executive house that I’d loved in before. I remember, as the money disappeared, and I was unable to find work, one day finding out that my bank account was completely empty. I had ZERO money in the whole world...

I recall how I was so desperate that I turned the house upside down looking for any loose change.  All I ended up with was about 27 pence. One day I even went up into my loft and scrambled around on my hands and knees for 2 HOURS looking for an old Halifax cash point card.  This was for an account I had opened a few years earlier when I was getting a mortgage … they wanted me to open a savings account with them too, so I did with just £10. 

So, desperate and unemployed I went to the cashpoint and withdrew that £10 which together with the 27p in loose change I’d found was literally the last bit of money I had in the world. Here I was, approaching 40 years of age and I had nothing.  I’d done what we’re taught to do- get a job and work hard to climb the ladder – yet here I was a few years later, unable to even afford to pay the rent on that grotty two-up, two-down. And I had to use that £10.27 to buy food for at least 10 days. I remember living for a whole week on a box of Rice Krispies! Believe me, it was a point of my life that I vowed NEVER to return to.

I vowed at the time that never again would I put myself in a potion where some faceless company could say “You’re fired” and cause my world to collapse. I got myself a job to tied me over and to pay the bills – and set about finding ways to make money working from home so that one day I could ‘fire’ my boss for good and be financially free. 

A few years later I had done just that and had started my own little business working form my spare room. It made me a multi-millionaire. I teach people how to do what I did, in a step by step course that I wrote to help others get started – called the Cash On Demand course.

But if you need to raise some money right now – in the next few weeks – whether its to pay the bills or to provide a little seed money so that you can get your own Cash On Demand style business started…here’s an idea for you that I have used to great effect.(In fact in my Cash On Demand course, I show an actual example, with proof that this works .)

Ok – let me ask you a question: Take a good hard look around you. What have you got that someone would pay money for? That’s what I did when I needed some spare cash – I looked around my house to see what I had that someone might pay me money for. Now, I’m a bit if a Business opportunity junkie….and if you are anything like me, you’ll have bought a few courses on how to make money maybe….Business Opportunity Manuals … CD’s … books … … DVD’s … How to information …that sort of thing.

I have loads of stuff I’ve bought over the years and having used it, dispatched it to the loft or the cupboard under the stairs …never to see the light of day again. We’ve all got ‘stuff’ that we’ve put away…..that we probably will never use again. We don’t need it. What we do need is a little cash – fast…...Maybe its time to see what I can do with this stuff … most of which has been sitting up there in my loft for 2 or 3 years at least. So what am I going to do?

Well I think I’ll try to sell them all and raise a few pounds …By the way, just in case you’re wondering, it may be that you don’t have any such manuals or home study courses in your loft, that DOESN’T MATTER. I could have brought down anything … a box of old LP’s and Record Player for instance … the point is no matter what you find, the PRINCIPLES remain the same.

Now I could decide to simply go to a car boot sale and put these items on a table and wait for people to wander by, but the chances of anyone being interested in this particular material is pretty remote. I’d probably end up taking most of them home … PLUS I’d have to spend all day in the cold waiting for someone to make a purchase. No that’s not for me … or for you.  Let’s find a quicker and better way to make a profit from our ‘goods’ and let’s do it without even getting off our backsides.

Well there’s one obvious way to do this … and that’s to use eBay.  Which I suppose you could say is probably the LARGEST ‘car boot sale’ on the planet … but one where you DON’T have to leave your home to set up a stall and one where you can find people looking for EXACTLY the type of product you are offering … and looking for it any time of the day or night. Individuals on eBay do not look around generally, they are nearly always are looking for specific products … in fact, the whole auction site consists of thousands of niche markets and tens of thousands of niche products.

However, if you have some things you don’t use any more, using eBay is a very efficient and quick way of raising some easy cash. And you may be lucky enough to find that one of the items that was until now collecting dust in the loft, gets bids a little higher than you were expecting. For instance, I listed a simple ‘How To’ Home Study Course that I’d long finished with. Yet there were people out there who wanted it. The starting bid when I started off the auction was just £21.20 yet it quickly went up. 16 bids later it was through the £100 mark. 4 more bids and it had topped £200. Three days after listing the item it eventually sold for £597 (plus postage and packing). £597 for one item … yet this was something that had been sitting in my loft for the last couple of years...

And something which would still be up there today if it wasn’t for the fact that I decided to raise some cash via eBay. My little experiment in raising cash from my attic brought me in a cool £1679.83 in a few days. Sounds to me like a great Recession Buster idea!

About the Author

Andrew Reynolds lost his job in the last recession and vowed never to be put in that position again. He is now a self made Multi Millionaire. Today he teaches other aspiring entrepreneurs how to do the same, starting on a shoestring.
See www.recession-buster.co.uk for more details.

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