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Logo Design - Easy Cash

by kevin08
25 replies
I'm going to tell you some method to make easy cash.I have done It with Major success. Also I'm sure many people here have done It.This is for the people who don't know this.

This method is known as Fiverr Arbitrage..This method can be done not only for logo designing but also for some other service which has high demand.

First of all you have to find some quality logo designers on fiverr to do this.Most of the people who sells logos on fiverr sells logos that is created by logo design softwares like aaalogo or some software like that.So you better avoid those people and find some guys who make logos from scratch,because symbols used in those softwares are so common and people don't want to buy those logos for high price.I have found few guys who design quality logos on fiverr.

Then you have to do is find some places where you can sell logos for more than $5.There are lot's of places you can offer logos for just more than $5.another microjob sites,on forums,on 99d or on your own site.

After that it's simple.You just have to buy a logo for $5 sell it for $30,$50,$100 or more.

You can see how much you can earn from this method .Good luck
#cash #design #easy #logo
  • Profile picture of the author WeavingThoughts
    We all know that you can buy logos for $5 each. You need a proper plan to sell them. Of course many people can sell them for much more. But just mentioning a few random websites isn't a plan of action. You need to detail if you want to help.

    The chance of winning a 99designs contest for instance is close to 2% or less. So chances are you would end up in a net loss if you hire randomly for $5 per piece. If $5 gets you 5 mock ups then it is different.
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    • Profile picture of the author kevin08
      Originally Posted by WeavingThoughts View Post

      We all know that you can buy logos for $5 each. You need a proper plan to sell them. Of course many people can sell them for much more. But just mentioning a few random websites isn't a plan of action. You need to detail if you want to help.

      The chance of winning a 99designs contest for instance is close to 2% or less. So chances are you would end up in a net loss if you hire randomly for $5 per piece. If $5 gets you 5 mock ups then it is different.
      Ok,I think you have seen so many logo design contests on various sites,forums etc.
      So what you have to do is design a logo according to buyers requirements using a fiverr seller (one of the gig I have been using : http://fiverr.com/christiansc/design...-within-24-hrs) and get a logo designed.
      In 99d,case is different you better have little knowledge about illustrator or PS.Then you can ask for the ai or psd file and do the editing yourself.
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  • Profile picture of the author WeavingThoughts
    Dude, been there done that. I have already done all this stuff. I am not talking theory like you.

    You need to send dozens of mock ups to have a 30% chance of success. You basically need to get mock ups for sub $1 each to actually even try that idea. Besides, not fiverr logo makers don't even know how to make vector only logos.

    You haven't done all this. You just want to present something we all know and which is more theory when coming from somebody who doesn't do it everyday
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    • Profile picture of the author ScottGrey
      Originally Posted by WeavingThoughts View Post

      Dude, been there done that. I have already done all this stuff. I am not talking theory like you.

      You need to send dozens of mock ups to have a 30% chance of success. You basically need to get mock ups for sub $1 each to actually even try that idea. Besides, not fiverr logo makers don't even know how to make vector only logos.
      This strategy works better with a business like Styleate.. logo designed for $5-10, domain locked down for $10, sell the "brand" for $250. Easily $10x ROI for minimal work. Add business cards/letterhead/etc for $500.

      When an idea has good potential don't give up so easily.
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  • Profile picture of the author hitman13
    Easy to say, hard to do this.
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    • Profile picture of the author Hamida Harland
      Although I know arbitrage can work nicely in some circumstances, it could get a bit difficult if your customer wanted revisions etc. You can't really expect a Fiverr provider to work with you until the logo is right for your customer when they're only earning $4. Maybe it could work if you have some design knowledge yourself but I don't think I'd risk it otherwise.
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    • Profile picture of the author kevin08
      Originally Posted by hitman13 View Post

      Easy to say, hard to do this.
      Agreed but you can do it if you try hard
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  • Profile picture of the author WeavingThoughts
    Besides 99design contests take a few weeks. Fiverr guys won't work with you that long besides the other points,
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  • Profile picture of the author MilkerFocus
    It's a good idea. I think to succeed in any area, what you should do is do what you think you can do consistently. Good idea without consistent work, it's not a good idea.

    Marcus
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  • Profile picture of the author SurrealPSD
    Truly a new low for the graphic design industry!!!

    Middle man commissions hobbyist from fiverr to produce logo for profit to sell on a crowd sourced site. Ridiculous.

    Cheapskate client, low quality design, meagre profit, stupid crowd source design sites.

    Fiverr and 99Designs would be the only people benefiting from that setup.
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  • Profile picture of the author Lou Murphy
    I think anything creative like logo design, and often even writing, is really not the best choice for this model.

    EVEN if your fiverr designer put in a whole lot of effort and both you and he thought it was a great logo, the client could decide he/she hates it.

    Creative jobs are "subjective", and can be very time consuming, requiring a lot of back and forth communication if the client is too vague, or too fussy.

    If you want to go this "middleman" route, pick something clearcut.

    For example, a transcription gig. There's no creativity involved here, and nothing for the client to argue or complain about.
    Either a person has transcribed some audio correctly without any mistakes, or they have not.

    OR for example ebook conversion.

    OR even translation - I personally know someone who runs a 6 figure business doing this.

    Pick something straightforward that can be completed successfully by your outsourced worker whilst not requiring too much time on your part.
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  • Profile picture of the author WeavingThoughts
    What is styleate?
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  • Profile picture of the author NewParadigm
    the trick is here, and the value, getting scaled up on customers willing to pay 30,50,100 bucks for a logo. That is the secret sauce to success, not getting a logo done on fiverr.

    Get a site up that routinely sells 100 logos a week at 50-100 bucks and you have a great business, but sales are the hard part.
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    In a moment of decision the best thing you can do is the right thing. The worst thing you can do is nothing. ~ Theodore Roosevelt

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  • Profile picture of the author damasgate
    In my opinion it's all about taking advantage of finding the really skilled Logo designers on Fiverr that are waaaaaaay underselling themselves.

    I had people design me killer logos and offered unlimited revision for only $5!

    I usually end up selling these to my Web Deign clients who are looking for new logos for a lot more money. It's a nice way to make an easy $50-$100 from a tiny upsell.
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  • Profile picture of the author fallingdown101
    i totally agree with WeavingThoughts. in theory it sounds like a great strategy but in practice it is very hard to do. i took action on this but the chances of winning a contest are very small !!!
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    • Profile picture of the author 4DayWeekend
      Of course this strategy can work, after all, buy low and sell higher is the bread and butter of any business.

      The problem is that you can pay a designer $5 on Fiverr for a logo and even if it is great, there is no guarantee that the client will like it. Clients are strange people. Then when you go back to Fiverr designer, he needs another 2-3 days to do another revision, the client turns it down again...

      Soon your spend is significantly exceeding what you budgeted for and the amount of time it takes for you to get back to the client with revisions is leaving them pretty frustrated.

      So, while this can work, you need a contingency plan. A better method could be hiring a designer on an hourly rate if you're a good sales person and can get lots of logo clients.
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  • Profile picture of the author Rob Maggs
    This is something I've considered too, but the worry is, are the fiverr sellers going to let you down? If you've got good reliable people then such a strategy is great...but if you start letting down your buyers then that is where your reputation can suffer.
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  • Profile picture of the author zxboss
    In my opinion this was a good idea to share, thank you.
    And yes it can work, anything can work i believe if you put in time and effort.
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    • Profile picture of the author vicdublin
      Originally Posted by zxboss View Post

      In my opinion this was a good idea to share, thank you.
      And yes it can work, anything can work i believe if you put in time and effort.
      Zxboss, I'm 100% with you on this one. The OP was only trying to share his littleknowledge, but the guys with the big knowledge are trying to suffocate the aim. nice share!
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  • Profile picture of the author PinkOwl
    I too believe it can work. One would have to do their due diligence in finding Fiverr designers whose reviews line up with the number who have purchased their bids. I had one Fiverr designer make as many revisions as I asked for. He just wanted a satisfied customer.
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  • Profile picture of the author rockapreneur
    You could use a program like buyer arbitrage. The program works great. It facilitates the process of finding buyers on craigslist and sourcing the work on Fiverr.

    Full Disclosure: I did a positive video review for the software, but I had a go at this for about a day and a half and didn't get one response to my proposal. I even had a pretty solid logo resumé.
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  • Profile picture of the author HorseStall
    Another source for Logo Designs that are inexpensive are Logo Search Logo Search

    HTH
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  • Profile picture of the author Tyler S
    Yes, like many offline theories, it is always 10x easier said than done.
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  • Profile picture of the author WordpressManiac
    If you really want to sell those logos spend some time on craigslist and contact people who are looking for a logo. This is nothing new but can make some nice bucks ;-)
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  • Profile picture of the author Boga Dhami
    in my opinion if you can master Photoshop or gimp you can make impressive logo of any kind,and then sell for profit.As we know gimp is open source design suite so all you need is few weeks of training and you are good to go.There are lots of free tutorials on-line.
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