Money Making Schemes

Nagesh answers:

Unfortunately, you will need to license the patent in order to be able to market and sell it. Best thing to do is to contact the patent-holder and see if they would be willing to license the patent to you and under what conditions. I wouldn’t tell them your idea if I were you unless you were able to get them to sign a non-compete agreement in which they agree not to compete with you directly and also not to grant a license to someone else who might compete with you.

Nagesh answers:

First you have to do a budget. Find out what you’re spending money on. Once you have everything listed, cut out what you really don’t need. Save what’s left over.

Try and get your cash flow (what’s left over) positive and as high as possible then save it all. Working overtime or taking odd jobs can add to your cash flow.

Make the money work for you. Make sure you at least put the money in a high APY savings account. There are several out there and they are easy to set up. Links to them are below.

Specific Money Saving Tips
1. Gas – Don’t drive aggressively. Keep your tires properly inflated and your car in tune.

2. Home energy – In winter put on a sweatshirt and put your thermostat on 68. In summer, dress like your outside and put your A/C on 72 or higher and use ceiling fans if you have them. Use florescent bulbs wherever possible and always turn off lights when not in immediate use.

3. Shopping – Price compare online whenever possible. At the grocery store, use generic brands. Most of them contain the same ingredients. Use coupons.

Nagesh answers:

Little Caesars Fundraising Program (www.pizzakit.com)
When I was in high school they started doing this fundraising for the after prom expenses and they have gotten really good results from them. People enjoy them because it costs less than going out to eat and isn’t very time comsuming. Your organization earns $5 for every item sold!

Yankee Fund-Raising (www.yankeefundraising.com)
Earn a full 40% profit for your organization on every product. Just imagine what you can provide with the money! Candles are a healthy choice in fund-raising today.

You might also check out these websites:
http://www.yankeefundraising.com/
http://www.empties4cash.com/index.html
http://www.raisesomedough.com/home.html

If you are interested in activites that can take place at your school, try arranging a cook out and charge for hamburgers and hot dogs. Of course you will have to get figures and such for the food, but students who are unable to leave campus for lunch will enjoy it!

Have school mates bring in baked goods and set up a bake sale at a local store that most people in your town shop at.

Nagesh answers:

Translation and tutoring are generally badly paid. Seriously.

Nagesh answers:

Unfortunately there isn’t a lot

if your good at making crafts or food then maybe you can sell them at a local market

if there are any school galas (or other sorts of galas/festival etc.) get in touch with who ever is running them and see if you can set up a stall such as a games, food or face paint one (sometimes you can make a lot of money from those)

sell any unwanted toys, clothes or other items on the internet

and of course keep on asking friends and family for odd jobs