Is it possible to do "service arbitrage" on marketplaces like elance?

8 replies
I was wondering this, Is it possible to do "service arbitrage" on marketplaces like elance? If not what is the best way to do service arbitrage ? Making a website seeming like a company or an individual ? Can somebody educate me on the topic of "service arbitrage" ?
#elance #marketplaces #service arbitrage
  • Profile picture of the author Denise Hall
    I've heard of people using Craigslist to find buyers for services, then outsourcing the work to someone at Fiverr. So I suppose it's possible to arbitrage at other sites too.
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    • Profile picture of the author imagoodguy
      Originally Posted by Denise Hall View Post

      I've heard of people using Craigslist to find buyers for services, then outsourcing the work to someone at Fiverr. So I suppose it's possible to arbitrage at other sites too.
      Thanks for the feedback, i heard about that way. I know i seen some people say that wasn't the best way to go with the arbitrage route....
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      • Profile picture of the author CyberAlien
        Originally Posted by imagoodguy View Post

        Thanks for the feedback, i heard about that way. I know i seen some people say that wasn't the best way to go with the arbitrage route....
        You can definitely do it the way you're talkin about but remember freelance sites require you to basically offer stuff for a great price since you're bidding with other competitors. This means you may not see as much profit as you want.
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  • Profile picture of the author Porphyrogenitus
    Service arbitrage can be sustainable if you have exceptional expertise in IM, sales, and project management. As well, you will need a quality network of contacts you can outsource to. By combining these, you can complete projects more efficiently than your competition can.

    These services can genuinely add value, but only if you are truly capable of adding value in this capacity. If you are really an expert and you have good contacts, this could be good for you.

    To be sustainable, you will need to plan on accepting a relatively low-margin and focus on volume. Margin should be based on value added, rather than fixed percentages.

    To achieve volume, you will need to provide superior trust, quality, and reliability to your clients. Differentiate yourself from the unknown, closeted, and unskilled freelancers that pollute those sites. Depend on WOM, develop a genuine brand, have exceptional work samples, be a domestic firm, use the phone/cam, etc. Just put yourself in the shoes of a middle-manager at a mid-sized firm. They're going to filter by work history/skills, but then they're going to make their decision based on the relationship.
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  • Profile picture of the author brettb
    Yes you can do this but things like web design are a low value business these days. If a job goes wrong then you'll end up losing a lot of money.
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  • Profile picture of the author Joe Benjamin
    The question you ask has two problems:

    If you have to ask if it's POSSIBLE...

    ...YOU don't believe it is.

    If YOU don't believe it is, nothing I say nor do can
    change your mind otherwise.

    Even though I am, in fact, doing well with it.

    Secondly, your question itself lacks direction.

    It's such a broad-based question.

    You say you want to do service arbitrage.

    What type of arbitrage?

    Content creation?

    Website builds?

    Programming?

    Sales copy writing?

    The list goes on.

    You don't need to be this big brand company.

    ...you don't need to be a hot shot CEO.

    ...you don't need to accept low-margin work (I get
    plenty of high-paying, high-margin work).

    ...and you don't even need to talk on the phone or
    get in front of a camera.

    The only thing you need is DRIVE!

    Write down a strategy.

    Create a plan of 'attack'.

    ...and get to accomplishing each goal on your plan.

    As you complete each goal, you'll be making money
    along the way.

    Seriously, the advice you got here was just so poor
    it's no wonder staying out of mingling in the forums
    increased my income tenfold.

    Find ONE WSO that deals with service arbitrage.

    Do NOT read the reviews.

    Most is written by people who are 'blown away by
    the amazing content..."

    ...and do...

    ...nothing.

    Read the salesletter. Ask questions of the seller.
    And make a decision that when you buy you will
    give your undivided attention to 'service arbitrage"
    and nothing more.

    Once you've made your purchase, stay OUT of the
    forums, including this one until you're making the
    income you want.

    If you want to come back to give a little advice like
    I'm doing for you here. Fine. If you want to share a
    success story. Fine. If you want to launch a WSO of
    your own detailing your success and how you did it.

    ...well now you get to interact with people AND make
    money.

    That's your plan.

    Now ACT on it!
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    • Originally Posted by Joe Benjamin View Post

      The question you ask has two problems:

      If you have to ask if it's POSSIBLE...

      ...YOU don't believe it is.

      If YOU don't believe it is, nothing I say nor do can
      change your mind otherwise.

      Even though I am, in fact, doing well with it.

      Secondly, your question itself lacks direction.

      It's such a broad-based question.

      You say you want to do service arbitrage.

      What type of arbitrage?

      Content creation?

      Website builds?

      Programming?

      Sales copy writing?

      The list goes on.

      You don't need to be this big brand company.

      ...you don't need to be a hot shot CEO.

      ...you don't need to accept low-margin work (I get
      plenty of high-paying, high-margin work).

      ...and you don't even need to talk on the phone or
      get in front of a camera.

      The only thing you need is DRIVE!

      Write down a strategy.

      Create a plan of 'attack'.

      ...and get to accomplishing each goal on your plan.

      As you complete each goal, you'll be making money
      along the way.

      Seriously, the advice you got here was just so poor
      it's no wonder staying out of mingling in the forums
      increased my income tenfold.

      Find ONE WSO that deals with service arbitrage.

      Do NOT read the reviews.

      Most is written by people who are 'blown away by
      the amazing content..."

      ...and do...

      ...nothing.

      Read the salesletter. Ask questions of the seller.
      And make a decision that when you buy you will
      give your undivided attention to 'service arbitrage"
      and nothing more.

      Once you've made your purchase, stay OUT of the
      forums, including this one until you're making the
      income you want.

      If you want to come back to give a little advice like
      I'm doing for you here. Fine. If you want to share a
      success story. Fine. If you want to launch a WSO of
      your own detailing your success and how you did it.

      ...well now you get to interact with people AND make
      money.

      That's your plan.

      Now ACT on it!
      You're right on with your response and action plan to the OP.

      Cheers,

      JMB
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  • Profile picture of the author Anoopchawla
    I have heard about a guy here who does content arbitrage and makes good money. He probably has a wso on it, I don't remember his name. May be a search here can help you out.
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