The easiest way to make crazy profits is to buy and sell cars out of your front yard. But to do that you need to have good knowledge about cars and what is the price tag on each one.
As we all know the vital key to make money while selling cars is to know the value of cars. You need to know which cars are wanted most by people. Every car will sell for a particular price and you need to know what is the price of each car. To know about how to drive away with profits when you sell cars, you will have to look around for cars for sale or just the cars in others yard. When you arrive at a position where you can easily look at a car and judge its price the rest is very easy. All you have to do is ask for a price of $1000 less and when you sell it you walk away with a big profit. Then you can repeat the process and earn a huge profit.
You need to start acquiring knowledge about the used car market. You can follow it up in the Classified ads column, keeping in mind that they only mention the asking price and not the sale price. Make a note of all these and you could use car-pricing guides like the "bluebook" showing inflated prices. Use these resources but you will have to assume that you will be selling cars for "loan" or wholesale price.
When you know nothing about cars and you are not interested to learn about them you can find a friend of yours who knows them and also wants to make money and your business is on. Take an example where you give your brother $950 to spend on buying an old truck which actually is worth twice and more also. Within a week he sold it and gave back the money with more than half of the $900 profit.
I once gave my friend $3200 to buy a plastic bodied 1976 Corvette. I actually wondered who would want such a car. My friend bought it for $2200 and out on a transmission worth $800 and guess what he sold it for $4200 leaving each a profit of $500 each. If you are poor on cash, a short-term advance on cash will be treated with a few dollars of interest but it is actually worth it.
Certain states like in Michigan, the law states that you will need to have a dealer's license if you sell more than six cars in a year. You can have six under your name another six under your friend's and another six under your wife's name that will give you a huge profit in a year. If your business is yielding enough, you could as well apply for a license.
Eventually the key to obtain profits from cars is knowledge and can always get from your friend.
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