easy money

More ways to earn passive income recycling ink cartridges

I’ve written about making money with ink cartridges before. I think it’s an incredibly easy and great way to build a steady passive income without much effort.

I believe that finding the right locations where a lot of ink cartridges and toner are used are the critical factors in building a successful side income from ink cartridge collection. In my earlier post on the topic I talked about location placement with medical offices and law offices. In many areas, medical offices are often grouped together and I still believe placement in these locations is a great idea. Building relationships with the office managers is important.

Another great location placement idea for building a passive income business recycling ink cartridges is in or near schools. Schools make massive amounts of copies and printouts. Schools have all sorts of printers and copiers that consume a wide variety of ink cartridges and toner cartridges. Establishing locations in or near schools to collect ink cartridges provides numerous benefits, including:

  • Positive environmental impact by recycling ink & toner cartridges that would normally end up in a landfill
  • Placement in schools can provide a teaching and learning opportunity for teachers and students to learn about the benefits of recycling and reducing waste
  • Establishing a partnership with one or more groups or programs within a school that will provide them with a financial benefit for partnering with you (more on this below)

There are many opportunities to partner with schools to build your ink cartridge recycling business. Any type of school that prints anything can make a good partner and provide an ongoing passive income for your business.

Local School Districts

Traditional public schools in your community will usually have computers and printers in all of the classrooms. Even a small elementary school may have 20 or 30 printers. Often times there will be a single person or office that is dedicated to purchasing within a school or school district.

In other cases, introducing yourself to groups and the people that run extra-curricular activities at a school can be the driver for getting access to their ink cartridges. You can easily create a financial incentive for school groups to help you. Propose to them that you’re willing to donate a portion of the proceeds that you earn from their collection of ink cartridges to their program. Most school programs will dive at the chance to bring in extra money just by placing an ink cartridge collection box near their office. It’s also important to encourage them to notify the parents of the students in their program that they are collecting ink cartridges for recycling and they’ll make money from the effort.

Partnering with a school program like this can be a lucrative operation. Between the ink cartridges that are used by the school and any that are brought in by students it can add up quickly. In my experience with partnering with the music programs at three local middle schools and two local high schools I collect on average of around 100 ink cartridges per month during the school year. Since I’ve found a couple of different companies that are paying me around $3 per ink cartridge, I’m able to earn around $200 for myself and donate $100 per month towards the schools music programs. It’s a win-win for both of us and it only takes me a couple of hours per month to pick up the ink cartridges and sort them for recycling.

Colleges & Universities

Another place that I have found that is a great placement location for ink cartridge recycling collections is local colleges and universities. In particular, student dormitories.

Using a similar approach as I have with local public school music programs, I have made partnership with residence hall directors that provides a donation in exchange for putting a e-waste recycling collection box  in the lobby area of the dorm.

Most dorms have hundreds of students and all of them are constantly printing papers and projects for their classes. Each of the locations that I have partnered with in the dorms of a local university provides me with around 50 to 60 ink cartridges per month, per location, and they’ve been increasing every month since I started placing them there. So far at one local university I have four dorm locations and it only takes me about an hour or two every month to collect the ink cartridges and sort them for recycling. From these locations alone I earn around $600 per month for just a few hours work and donate back around $150 per month to the dorms.

As an added bonus, a couple of students have put old cell phones and batteries in the collection boxes. I have been able to resell the cell phones for a few extra dollars each and the batteries have been added to my scrap metal collection.

Start up supplies

There are a couple of things that you need in order to ensure successful ink cartridge collection this way. Each location needs a sturdy collection box that is clearly labeled with what you’re collected. I’ve used both cardboard boxes and plastic containers designed for e-waste collection. In my experience the plastic containers cost a little more but last longer. The plastic bins also look more professional and can easily handle being located in a busy corridor.

 

double-bin-with-labelsDouble Bin with replaceable label inserts available from Amazon

 

 

 

 

 

Conclusion

All together, through my partnership with local schools and universities, I’ve been earning around $1,200 per month in just a few hours work collecting and sorting ink and toner cartridges. Most of the locations continue to grow month after month. Most of the time I will stop by and do the collections while I’m out and about running other errands nearby.

 

 

 

Make money delivering free firewood from Craigslist

The author of this fantastic ebook has updated for 2016. The updates include improved and increased ways to market your firewood products, creation of high-margin, high-profit firewood products and much, much more. This book is a must read if you’re looking for a way to earn consistent side income while doing some hard work. Start a firewood business

Craigslist is a bountiful source free firewood. Whether it be from trees that had fallen during a storm, or that a homeowner recently had cut down by an arborist. An arborist will charge a homeowner for hauling off and processing trees that they cut down.

Often, a homeowner will opt to have the arborist leave the wood where it lay rather than pay for it to be hauled off and disposed of. Usually this wood is cut into 2 foot or 4 foot sections. These sections are easily processed into firewood that can be resold to customers for a profit.

To acquire the firewood, just keep an eye on in your areas “free” section on craigslist. In the New England area, there are often as many as 6 to 10 new listing for free firewood every week. Many times this wood is in the form of hardwood logs from fallen trees. Occasionally, you will stumble on an add for free firewood that has been cut, stacked and seasoned.

Of course, you will need a pick up truck or a utility trailer to be able to pick up the wood. You will also need the ability to split the wood, either with an ax or a log splitter. And you will need a place to store the wood in preparation for sale. If the wood is fresh cut, you will need to let the wood sit split and stacked for at least 6 months to season it before you can sell it.

What’s the best way to market and sell your new firewood products? Well, craigslist of course? It’s easy and simple to create an ad on craigslist advertising your firewood product.

For more in depth information on starting a firewood business you can download the ebook Starting a Firewood Business: A Primer on Creating a Firewood Business In Your Spare Time
from Amazon.com.

Is CashCrate legit?

CashCrate.com is another consumer online survey company that promises big payouts for people that sign up and participate. A lot of people wonder if CashCrate is a legitimate way to make some extra money, or is just a waste of time?

When I signed up for CashCrate in 2016 I was given a $1.00 bonus for signing up and then an addition .50 for completing a basic profile.

Completing a basic profile is what survey companies like CashCrate use to identify, segment and target paying surveys to consumers on behalf of the companies interested in doing market research. So it’s important to complete your profile if you want to get more lucrative surveys that may be offered.

After completing the basic profile section, CashCrate offered me two pages of bonus offers, but in my experience, they are just mechanisms for them to share your personal information with other people so they can make money off of you. More often than not, you, the consumer, gets little to not value from the promises of these “bonus offers”.

The initials offers to make money with CashCrate were consumer surveys that are typical of sites like this. They payments for each survey varied from 80 cents per survey to as much as $17.50 for a 10 minute survey. There were plenty of surveys with payouts between these ranges. There were at least four of five pages of surveys available for me to participate in.

Most of the surveys have estimated lengths of time that each should take. The average seemed to be around 10 minutes for a payment of around $4.50, which works out to around $27/hour. Some offers had multiple surveys available and two or three of them were available every day.

CashCrate has a minimum payout of $20. Payments are made by check on the 20th of every month and are for any balance over $20 accrued through the end of the previous month. For example, if you have a balance of $35 in your CashCrate account at the end of September, CashCrate will send you a check on October 20th.

Earning money online with Amazon Mechanical Turk

The Amazon Mechanical Turk program is a crowdsourcing internet marketplace where software developers and businesses post tasks that need to be completed by humans. These are tasks that vary but require some human thought, action or decision making. Some tasks pay very little, pennies per task, other provide a more lucrative payout, especially longer tasks or ones that require some sort of special knowledge or language translation.

Mechanical Turk tasks rewards range in value from a few cents per item up to $50 or $60 per task. Many of the higher earning tasks involve transcription of different types of media, including video and audio files, into text based documents. The transcription can be voicemail messages, legal depositions, medical transcriptions and other related things.

In order to get into the higher earning tasks you may need to take a qualification test in order to prove you are capable of performing the tasks satisfactorily. Once you have passed the qualification test you will have access to the higher earning tasks.

While you may need to put in some effort becoming qualified for the higher earning tasks, the rewards are worthwhile. Tasks that pay $50 and up may take an hour or two to complete. Completing just a couple of these tasks each day can easily earn you more than $300 per day.

Making Money Reselling Cardboard Moving Boxes

cardboard moving boxMoving between houses and apartments is one of those chores that no one really likes to do, but sometimes it’s necessary to do. One of the biggest expenses in moving (aside from hiring the moving company) is buying boxes and packing materials.

Moving boxes and packing materials can get expensive. Especially true if you are packing up and moving a 3 bedroom house. Moving.com estimates that to move an average 3 bedroom house with two adults it will take 45 medium boxes, 31 large boxes, 13 extra-large boxes, 9 picture boxes and 4 wardrobe boxes. With each box costing between $2.20 up to $12.00 buying boxes can add up quickly! In this case, $413! This is just for boxes!

This doesn’t include paper to wrap dishes or bubble wrap for wrapping valuables. Those are add-ons that add considerable cost to the price of moving.

After someone has invested all this money in boxes and has moved from one place to another, in most cases, inevitably, the boxes are then thrown into the garbage or recycling bin. Other times, people will post their moving boxes to the free section craigslist or one of the freecycle email list hoping that someone can reuse what they no longer need. This is where our opportunity is.

Collecting discarded moving boxes and reselling them for profit.

In most cases moving boxes can be reused 3 to 5 times before they start to fall apart. To collect boxes, just keep an eye out for online posts for people giving away free boxes. Once you’ve built up a decent collection of boxes you can post ads either online or in places like the post office, super markets, storage units offering your recycled boxes for a discounted price.

Be sure your ads show a comparison of prices between your price and the full retail price of a comparable new box so that the financial benefits are immediately noticeable by the potential buyer. I recommend pricing your boxes 30-50% lower than new boxes. The price difference, especially to a customer that knows they’re going to need a lot of boxes, will make a huge impact on their savings and will make the decision for them easy.

If you’ve got the space to store the boxes your inventory can almost be limitless. Once you’ve made a couple of sales you may be able to get a feel for some other things that people need for moving such as bubble wrap, plain newswrap paper, and packing tape. These items in bulk can be bought much cheaper from companies like uline.com and others.

For example, moving.com sells bubble wrap at a retail price around $0.20 per foot. Bought in bulk from uline.com that same bubble wrap can be as low as $0.13 per foot. There are also opportunities in tape. A case of 36 rolls of tape can be purchased for a little as $1.25 per roll while the average retail price is closer to $4.00.

In our scenario above for a 3 bedroom house, they would need at least 100 feet of bubble wrap and 3 to 4 rolls of tape. Add on items can easily increase the value of each sale by 10-25%.

Statistically people move more often in the mid to late spring months. If you plan ahead and stock your inventory through the fall and winter months you should be able to make 3 or 4 sales per week during the spring months. With the average sale $250-$300 you could easily earn $1,000 per week for very little effort.

Don’t forget to co-market your box recycling company with your ink cartridge and toner recycling income stream.