Keep Your Business Simple

by WebPen
8 replies
This last weekend I got to talking to my cousin.

Turns out she knows 2 guys at her church that have the simplest business model ever-

Step 1: Get paid for a service

Step 2: Outsource that service for less than you were paid.

Even though arbitrage is nothing new- each of these guys has a 7 figure business doing this.

And when you think about- retails stores are just practicing arbitrage, too. Buy low, sell high.

There are a number of marketers on here that do the exact same thing every day to make 6 figures online. In fact, there are WSOs that charge you money just to tell you to

Step 1) Get paid for a service (like web design) on a site like Craigslist or elance.com

Step 2) Outsource it on Fiverr, or even on Craigslist or elance where you found the job.

Simple- you get paid $1,000 to design a website and pay out $500 for someone else to do it- you make $500 for just doing match making.

The bottom line is to keep your business model simple- it works, so why complicate things?

**yeah yeah, I know that learning how to get high paying clients is an art, but simple doesn't mean easy**
#business #simple
  • Profile picture of the author gcbmark20
    Most of the time its the simplest of methods that work the best. Most of think that complicating things makes the success seem much more worth while. Yeah I agree you cannot just expect things to happen right away, but at least you know where to begin at least.

    Thanks for that Justin, very refreshing
    {{ DiscussionBoard.errors[6199001].message }}
  • Profile picture of the author warezQQ
    The main issue with this kind of business (except finding clients) is to find trustworthy and quality longterm suppliers. But yes, once you have those, you have gold in your hands for low effort...

    I actually do this for a few services and if coordinated well, its easy money...
    {{ DiscussionBoard.errors[6200039].message }}
    • Profile picture of the author wilsonm
      Buy low sell high is a great idea. But the difficulty, if anything, is acquiring the knowledge and the ins and outs of the industry. In IM, what things can you buy low and sell high?
      {{ DiscussionBoard.errors[6200130].message }}
      • Profile picture of the author WebPen
        Originally Posted by wilsonm View Post

        Buy low sell high is a great idea. But the difficulty, if anything, is acquiring the knowledge and the ins and outs of the industry. In IM, what things can you buy low and sell high?
        There are quite a few things, actually.

        -You can buy PLR, put your own name on it, and sell it as your own.
        -You can sell a website design service for $500 a site, outsource it for $100, and bank the $400.
        -You can buy a domain name for $50 one place (like the WF) then sell it for $300 on another (like Sedo.com)

        Arbitrage is HUGE online- the trick is finding businesses who pay top dollar and outsourcers who do a great job for pennies.
        {{ DiscussionBoard.errors[6200204].message }}
        • Profile picture of the author cashp0wer
          The only problem I have with this is finding people to do the work and knowing they will do as good of a job as you would at it. I guess once you found enough people to handle the work that you could trust this would work out very well.
          Signature
          My Internet Marketing Blog - Warts And All!
          {{ DiscussionBoard.errors[6200220].message }}
  • Profile picture of the author Amanda Craven
    I entirely agree, Justin - the problem for many beginner marketers is that simplicity is deliberately enshrouded in layers of the over-complex 'systems' and so on that are sold to these same beginners...

    And that mostly don't work!

    A large number of products do this in order to justify that price tag attached when, in reality, it's the timeless, simple approaches that work best...like pile 'em high and sell 'em cheap (Woolworths and Marks & Spencer at the beginning) and deliver something hugely desirable with an exclusivity tag attached (Apple et al).

    Translates online too...
    {{ DiscussionBoard.errors[6200140].message }}
  • Profile picture of the author TheDollar
    Great post. Keep your business plan as simple as possible, great advice. And that was a great plan
    {{ DiscussionBoard.errors[6200430].message }}

Trending Topics