Monday 9 March 2015

How I made My First $100 Online


Imagine, if you will, being somewhat 'technically challenged' and determined to build an online business. Sound impossible? No, just difficult but possible if you build on your strengths.

Starting out 

I made a list of all the online skills I had. That didn't take long! Essentially it amounted to a basic understanding of Microsoft Word and the ability to copy and paste. After discounting the usual 'paid surveys' and such schemes at first it seemed unlikely that there was anything that would fit the bill. After much searching I discovered Online Arbitrage.

Defining the business opportunity

Arbitrage is the purchase and sale of an item profiting from the difference in price in separate markets. Online arbitrage just means that the item is deliverable using the internet. 

What can be traded

Graphics and design, audio and video, online advertising and marketing, writing, social media posts, the list is lengthy. Indeed anything that's deliverable via the internet.



Where do we buy

There are a wealth of resources online for buyers of all manner of digital products and services. The best known is Fiverr but there are plenty more. Fivesquids, SEOclerks, Fourer, and many more.



Where do we sell

There are are as many places to sell online services as there are to buy them. Craigslist, Backpage, Gumtree, in fact any classified ads site.

How much money do we make

As with any business the success or failure depends upon the effort the owner is prepared to put into it and therefore the rewards are reflected accordingly.

Summary

Provided you are prepared to put in the work there is a definitely the opportunity to make money this way, even if you have never managed to make money online before.

Ron C Farrow








No comments:

Post a Comment