(Newb Guide) How Can I Make Money With No Money?

30 replies
This is just a quick guide/recap on exactly what I did to make $245 in one day (2 hours actually) and $1,000 in 2 weeks when I was extremely BROKE and was first getting started making money online. I was arbitraging services for job seekers such as resumes, cover letters, reference sheets, and LinkedIn Profile creation.

This method can possibly get saturated, but there are so many people looking for a new job daily and there are so many places to advertise I really can’t see it happening.

I can only personally vouch for this working in the US and Canada as I have posted ads and got clients from these two countries. I’m sure this can work in any country, you'd just have to find the right market of people to target.

Okay here’s exactly what I did.

So pretty much everyone in the IM sphere knows about using Fiverr and Craigslist for digital services arbitrage and that’s how I got started making money online. I was arbitraging logos and articles from fiverr sellers to people on Craigslist. But one day when I was in the writing section of Craigslist, I saw an ad for resume writing for $50 a resume and another one for $60 a resume. They both also said $25 a cover letter.

I knew people on Fiverr did resumes and cover letters for $5 so I figured if I could do arbitrage with logos and articles I could probably figure out a way to do it with resumes as well and make way more profit from my $5 investment as I was selling the articles for only $15 each for about a $10 profit.

So what I did next was put an ad on Craigslist that played on the fact that there were a bunch of different and cheap prices people were offering for resume writing and that if they wanted quality they had to pay for it. I believe this was the key to me having success as I tried multiple ad copy.

My ad offered resume writing for $75 and cover letters for $35. That gave me a $65 profit per resume and $25-30 profit per cover letter because I gave the Fiverr sellers $10 per resume and sometimes $10 per cover letter. I would post ads in 5 different cities 2 or 3 times per day (multiple ad copies/multiple prices/multiple services). I did this for about a month and from these ads I was getting at least 1 resume/cover letter every other day. For each client, all I would have to do is talk to them about their career goals and what they needed out of their resume then relay that info to my Fiverr sellers chatbox. One thing I’d make sure to ask them is what they specifically have the most trouble doing on their resume so I can make sure my resume writer focuses on that.

I’d wait one day, and the resume would be ready for me to send to my client. Pretty much every single time there was some kind of edits that the client wanted and they were small enough I could do myself.

Now that’s the whole model on a basic level and you can use that ALONE to make $100 or more weekly even with just 1 resume/cover letter combo completed. There was a day I made $245 in a 2 hour period from people replying to my ads. So I KNOW this is powerful and if you are reading this and need some extra cash...just start posting ads!

This method is very simple and if you think about the fundamentals I was using, you can use this and arbitrage virtually any digital service you can think of!

Cheers!

Eric B
#guide #make #money #newb
  • Profile picture of the author EricBernard
    No problem! Let me know how it goes for you
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    • Profile picture of the author irawr
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      Originally Posted by EricBernard View Post

      No problem! Let me know how it goes for you
      Cool idea but how do you pay the people in fiverr with no money?
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      • Profile picture of the author EricBernard
        Originally Posted by irawr View Post

        Cool idea but how do you pay the people in fiverr with no money?
        ...you get paid from the person who wants their resume created....then you use that money to pay your resume writer. Extremely simple man.
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  • Profile picture of the author YourBizAid
    Banned
    You may want to start off a coaching program where you teach noobs how to write those ads... Its gonna be a win-win for you and them..

    Just my 5 cents.
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  • Profile picture of the author LeonardoAlvarez
    Great content as always Eric, I love reading you posts.
    I'm gonna try this method, see how it goes.

    Thanks!
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  • Profile picture of the author texsumaiya
    Oh, it is very good job. Carry on.
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  • Profile picture of the author kursat
    I know this works because when I did gigs at Fiverr, I remember there were a lot of middle man finding work for their clients and asking me to do design work for them. I am sure they were making commissions. But worth a try for anyone starting out.
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    • Profile picture of the author EricBernard
      Originally Posted by kursat View Post

      I know this works because when I did gigs at Fiverr, I remember there were a lot of middle man finding work for their clients and asking me to do design work for them. I am sure they were making commissions. But worth a try for anyone starting out.
      Yeah a few of the people I contacted said "No other people have contacted me and I'm not interested"

      But there's always more people and there will be someone who's interested in working with you
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  • Profile picture of the author Join Hobson
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    • Profile picture of the author EricBernard
      Originally Posted by Jolly Serath View Post

      Thanks for sharing your story ERIC...
      Originally Posted by Join Hobson View Post

      thanks! this guide for newbie like me.
      No problem!
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      • Profile picture of the author discrat
        Good stuff, Eric.
        Arbitrage is a very viable way to make consistent Income in IM !!

        Although just be careful about the last part in your Post. No need to mention ANYTHING about PMs.
        It will come across as Self Promotion by some Warriors.


        But thanks again for your Contribution !

        - Robert Andrew
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        • Profile picture of the author EricBernard
          Originally Posted by discrat View Post

          Good stuff, Eric.
          Arbitrage is a very viable way to make consistent Income in IM !!

          Although just be careful about the last part in your Post. No need to mention ANYTHING about PMs.
          It will come across as Self Promotion by some Warriors.


          But thanks again for your Contribution !

          - Robert Andrew
          Thanks Robert!

          Yes I think it's the best way for anyone with no money or experience to make money quickly.

          Ah...didnt consider that. I saw another post where someone was giving a game plan and he said don't PM him for help haha so I thought it would be a good idea. But thanks for telling me that!

          Eric
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  • Profile picture of the author lincolndesigns
    This was a straightforward guide. *I havent implemented it yet as I just bought it but I think I can definitely make money with it
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    • Profile picture of the author EricBernard
      Originally Posted by lincolndesigns View Post

      This was a straightforward guide. *I havent implemented it yet as I just bought it but I think I can definitely make money with it
      I think you're talking about my YouTube guide?
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      • Profile picture of the author shaunybb
        Hey eric good share and well done for making some cash!
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  • Profile picture of the author usmantech
    The easiest way to start making money with no money is looking for writing jobs at Freelancer and other outsourcing sites. I have personally tried that and I can vouch that it work.
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  • Profile picture of the author InternetMarketer2
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    • Profile picture of the author EricBernard
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  • Profile picture of the author MartinBuckley
    Eric, interesting money making idea, I like it

    Thanks for sharing it here with us and I wish you much success!
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  • Profile picture of the author writeaway
    How do you get your craigslist ads to stay up? Which cities do you advertise in?
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    • Profile picture of the author EricBernard
      Originally Posted by writeaway View Post

      How do you get your craigslist ads to stay up? Which cities do you advertise in?
      Not all the ads stay up but if at least 2 out of 3 stay up for a day it's fine. Then posting everyday or every other day at a minimum is enough to get multiple ads up that people will be replying to.

      I was advertising in many many different cities. I started off with 1 craigslist account then got 2 more with other emails I had then bought 6 more from a guy on Fiverr. The 3 accounts with my email addresses were the ones that had the best chance of not getting the ads flagged or ghosted. The best cities were I got a lot of responses were in Wisconsin for some reason.
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  • Profile picture of the author Ahmed Umair
    You can offer real estate lead generation service to your local realtors.. And then advertise their props on craigslist and postlets for free.. and get paid without any cost..
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  • Profile picture of the author Attie25
    Thanks for your helpful article . I have very little capital and I think I should try this method .
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  • Profile picture of the author megamind22
    Originally Posted by EricBernard View Post

    This is just a quick guide/recap on exactly what I did to make $245 in one day (2 hours actually) and $1,000 in 2 weeks when I was extremely BROKE and was first getting started making money online. I was arbitraging services for job seekers such as resumes, cover letters, reference sheets, and LinkedIn Profile creation.

    This method can possibly get saturated, but there are so many people looking for a new job daily and there are so many places to advertise I really can't see it happening.

    I can only personally vouch for this working in the US and Canada as I have posted ads and got clients from these two countries. I'm sure this can work in any country, you'd just have to find the right market of people to target.

    Okay here's exactly what I did.

    So pretty much everyone in the IM sphere knows about using Fiverr and Craigslist for digital services arbitrage and that's how I got started making money online. I was arbitraging logos and articles from fiverr sellers to people on Craigslist. But one day when I was in the writing section of Craigslist, I saw an ad for resume writing for $50 a resume and another one for $60 a resume. They both also said $25 a cover letter.

    I knew people on Fiverr did resumes and cover letters for $5 so I figured if I could do arbitrage with logos and articles I could probably figure out a way to do it with resumes as well and make way more profit from my $5 investment as I was selling the articles for only $15 each for about a $10 profit.

    So what I did next was put an ad on Craigslist that played on the fact that there were a bunch of different and cheap prices people were offering for resume writing and that if they wanted quality they had to pay for it. I believe this was the key to me having success as I tried multiple ad copy.

    My ad offered resume writing for $75 and cover letters for $35. That gave me a $65 profit per resume and $25-30 profit per cover letter because I gave the Fiverr sellers $10 per resume and sometimes $10 per cover letter. I would post ads in 5 different cities 2 or 3 times per day (multiple ad copies/multiple prices/multiple services). I did this for about a month and from these ads I was getting at least 1 resume/cover letter every other day. For each client, all I would have to do is talk to them about their career goals and what they needed out of their resume then relay that info to my Fiverr sellers chatbox. One thing I'd make sure to ask them is what they specifically have the most trouble doing on their resume so I can make sure my resume writer focuses on that.

    I'd wait one day, and the resume would be ready for me to send to my client. Pretty much every single time there was some kind of edits that the client wanted and they were small enough I could do myself.

    Now that's the whole model on a basic level and you can use that ALONE to make $100 or more weekly even with just 1 resume/cover letter combo completed. There was a day I made $245 in a 2 hour period from people replying to my ads. So I KNOW this is powerful and if you are reading this and need some extra cash...just start posting ads!

    This method is very simple and if you think about the fundamentals I was using, you can use this and arbitrage virtually any digital service you can think of!

    Cheers!

    Eric B
    Great post bro. Refreshing...
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    • Profile picture of the author EricBernard
      Originally Posted by megamind22 View Post

      Great post bro. Refreshing...
      Thanks man, appreciate it
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  • Profile picture of the author Tesslady
    Great post here. I am new to warrior forum but been online quite a bit. I also started making my first $$ online through fiverr and this is definitely a good way for a newbie to use the system to their advantage and make a cool profit. I hope some of them take action. Because it is obvious consistency is key here.
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    • Profile picture of the author blueonblue
      Hi Eric:
      Sent you a PM. Thank you for the hopefully quick reply.
      Happy Holidays to you and yours.
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  • Profile picture of the author tahirshabbir79
    Wow! What a great Idea!
    Do you think it will work in India as well.
    People here are much more conservative in their spending practices
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    • Profile picture of the author EricBernard
      Originally Posted by tahirshabbir79 View Post

      Wow! What a great Idea!
      Do you think it will work in India as well.
      People here are much more conservative in their spending practices
      Honestly I doubt it would work in India...

      As you said, people are VERY conservative with their spending.
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  • Profile picture of the author Your IM Friend
    I like your arbitrage idea... And like the idea that YourBizAid posted...

    People can really make nice money with that Fiverr/Craiglist arbitrage model, and I think that the most important part of that business is to think openly about possibilities... Just like you showed in this example...

    Now, I guess that many people will jump on that model of arbitraging resumes/cover letters, without thinking about some other possibilities and things they could arbitrage...

    Someone who thinks outside the box and searches for additional "products" to arbitrage can have even more success... I mean, I know a guy who built a very profitable business by arbitraging Kindle covers... You wouldn't believe, but there are still authors who are not aware that they could get cover for their Kindle book on Fiverr for $5... And that's just one example, on top of what Eric already said...
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    • Profile picture of the author EricBernard
      Originally Posted by Your IM Friend View Post

      I like your arbitrage idea... And like the idea that YourBizAid posted...

      People can really make nice money with that Fiverr/Craiglist arbitrage model, and I think that the most important part of that business is to think openly about possibilities... Just like you showed in this example...

      Now, I guess that many people will jump on that model of arbitraging resumes/cover letters, without thinking about some other possibilities and things they could arbitrage...

      Someone who thinks outside the box and searches for additional "products" to arbitrage can have even more success... I mean, I know a guy who built a very profitable business by arbitraging Kindle covers... You wouldn't believe, but there are still authors who are not aware that they could get cover for their Kindle book on Fiverr for $5... And that's just one example, on top of what Eric already said...
      Exactly man. The possibilities for digital arbitrage are endless in this day and age! If people can think outside the box they can create a full time income.
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  • Profile picture of the author tyronne78
    This is a strategy I know will work...thanks for sharing this with the IM community!
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  • Profile picture of the author blueonblue
    i see that resumes is where people post. Is that a better section or would writing and resumes be the best way to go?
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