I have been getting a lot of emails about generating income during the Depression and I think a great business is selling cold water here in Southern California. Get a peddler’s license and on these hot days hit the beach and sell bottles of water for $1.25 – $2.00. Trust me, if people are hot enough and you are walking in the sand up through them, they will pay the money to cool off.
Here in the Southland we are going to be having another week of heat and I just got in from mowing the lawn and it is 7:10 pm. It is still hot and in the 90s. The backyard just had to have a good mow and I needed to clean up a bunch of dead leaves.
Other good things are selling ice, fans, anything that can fight the heat. If you have umbrellas that are lightweight you can sell them and if you have inexpensive parasols, they seem to be back in fashion in different parts of the country. You don’t need to approach the G20 nations and get their permission to do this. Just your local jurisdictions again to get the appropriate business (peddler) license and you may need a resale number and have to set up with your local or state agencies to collect sales tax. That isn’t a big deal and it is something that will help where you live, if the govt isn’t mis-managing their funds too badly and show that you are running your business legitimately.
Remember that you must present yourself professionally in order to be treated as a business in order to have expenses applied on your Schedule C or you will be treated as a hobby and you will be forced to put expenses on the Schedule A subject to the 2% of income haircut. Sometimes that can be pretty steep.
Have a great weekend people and stay cool and make cool cash.
Sep 25 2009
Kim Isaac Greenblatt
Great Business Idea – Things To Fight the Heat
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