How to Make Money Buying Selling Gold

Invest in a gold testing kit and scale. You will need to test the gold that you agree to purchase before purchasing. You will also need to weigh the gold as you will be purchasing by weight. You will also need to start with some cash on hand to make your first purchases.
Have a gold party. Ask friends and family to gather together and bring old jewelry they do not want or scraps of gold. Test the gold and offer an amount to the owner that is less than what you can get for it, so that you can later sell it. A good incentive for a hostess to have a party is to offer a small percentage to her as well.
Advertise yourself as someone who buys scrap gold. You can have business cards, use word of mouth from the parties, or create flyers that give information on how someone can earn money bringing you scrap gold.
Have relationships with local pawn shops. While many of them may be buying and selling gold for their own profit, some may find it too tedious and decide not to. Offer your services to take any scrap or unclaimed gold off their hands.
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How to Make Extra Money For Teens Now

Sell unwanted items online. Create an account on eBay and sell items through online auctions. The teen might need to use an adult's PayPal account to accept payments. If this is the case, provide close supervision of the account activity. Take photos of items, create listings, receive payments and ship the items to customers.
Make specialty items and sell them online. Items that sell well include jewelry, stationery, hair bows, woodworking items and floral designs. Sell items through eBay, Etsy or Artfire after creating a seller's account. Provide adult supervision when teenagers collect money for items.
Provide web design for customers. A teen with web design and website expertise can advertise these services and create websites. Check similar advertisements to learn competitive rates and advertise on websites such as Craigslist. Another option is to make flyers and distribute them locally. Work closely with customers to create the websites they desire.
Create a blog or a website and use it to sell affiliate products or sell ad space. After joining an affiliate program and selecting affiliate products, place the affiliate links into the blog or website. Earn commissions if visitors click the links and make purchases. Earn money from clicks if visitors click ads.
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