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Is anybody here making money with online service arbitrage? ( Being the middleman )

by lilphilupt
41 replies
This is something i was wondering, so why not ask ... Is anybody here making money with online service arbitrage? ( Being the middleman for online services ) I heard about it a few times but never really heard of anybody really cashing in on this.
#arbitrage #making #middleman #money #online #service
  • Profile picture of the author lotsofsnow
    It is definitely possible to make money with service arbitrage.

    Go in the warriors for hire section and you will see a lot of people offering services. Some of them are doing service arbitrage.
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    • Profile picture of the author lilphilupt
      Originally Posted by hpgoodboy View Post

      It is definitely possible to make money with service arbitrage.

      Go in the warriors for hire section and you will see a lot of people offering services. Some of them are doing service arbitrage.
      Thanks hp, I was checking it out earlier and was thinking the same thing.
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  • Profile picture of the author jeffreydale
    The idea stroked my fancy last night actually, after watching a kinghuman video. Signed myself up for odesk (after having a decent fiverr account for a few months) but then shyed away from the idea after realizing that you are completely putting your reputation/business in the hands of somebody else.

    I reflected on the idea again today though. There is a local business (brick and mortar store) that does logo design etc.. was thinking about getting jobs on freelance sites like odesk then going in andf have them design it. At least if I get a sh*tty e-mail, I can take it back and these people would have to deal with me to my face until they got it right.
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    • Profile picture of the author lilphilupt
      Originally Posted by jeffreydale View Post

      The idea stroked my fancy last night actually, after watching a kinghuman video. Signed myself up for odesk (after having a decent fiverr account for a few months) but then shyed away from the idea after realizing that you are completely putting your reputation/business in the hands of somebody else.

      I reflected on the idea again today though. There is a local business (brick and mortar store) that does logo design etc.. was thinking about getting jobs on freelance sites like odesk then going in andf have them design it. At least if I get a sh*tty e-mail, I can take it back and these people would have to deal with me to my face until they got it right.
      I know what you mean, i was thinking about the exact same thing (reputation and such) but i'm guessing people just make another "persona" if things get really bad, it seems like the best way to go about it though is to make a service providing company instead of being an personal individual service provider,... that's just my opinion and something i just thought about.
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      • Profile picture of the author jeffreydale
        I am sure there is money to be made as a "middle man", but the idea of logos/web services/design has been used up and bent over and a$$ raped. You have to think outside the the box. Trust me, easier said than done. I am still pondering this myself.
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    • Profile picture of the author tofrar
      Originally Posted by jeffreydale View Post

      The idea stroked my fancy last night actually, after watching a kinghuman video. Signed myself up for odesk (after having a decent fiverr account for a few months) but then shyed away from the idea after realizing that you are completely putting your reputation/business in the hands of somebody else.
      Why not. This is just one out of many form of business. If you believe in what you are doing and you do your job I don´t see why not. Often that 3 person is involved when you do business. Affiliate, importing and selling, drop-shipping and more. So why not be the middle man if you think that can give you some cash and you think you are delivering good work.
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  • Profile picture of the author lotsofsnow
    You have to make sure that the quality of what you deliver is excellent.

    That means you have to test a service provider personally before you
    offer their services under your name and you have to make sure that you have
    lined up alternative service providers that you have also tested as a back up solution.

    The quality of service is one thing and the speed of delivery is another.

    After you have promised to your customer a certain delivery time you have to deliver by that time or else.
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  • Profile picture of the author drlelong
    You can certainly "arbitrage", but you really need to add value to justify higher prices.

    This is easy to do, if you can be the "translator" between a business owner and a designer or developer.

    Your role becomes more of an account manager/project manager/vendor manager.

    There is definitely money in this type of work.
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  • Profile picture of the author imagoodguy
    I'm pretty sure there is plenty of people making money with service arbitrage...
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  • Profile picture of the author samkadya
    Originally Posted by lilphilupt View Post

    This is something i was wondering, so why not ask ... Is anybody here making money with online service arbitrage? ( Being the middleman for online services ) I heard about it a few times but never really heard of anybody really cashing in on this.
    Ofcourse people are making money as middlemen. You can make money in any area of internet marketing as long as you master it through various free materials on the net. Some require patience while some are a bit easy to profit from.
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  • Profile picture of the author TheUser
    Service arbitrage is tricky but doable.

    The real trick to is is "lining up" all your different clients and your service suppliers/workers. Sometimes projects fall through, deadlines are missed etc. But there is profit to be had once you've got the hang of it and found a niche.

    I do this with articles right at this very moment (about $228 a week passive). Start with something simple and that you know well enough. You could easily do "contest" arbitrage between logo designers (thought about doing this myself lol) for example and see how it works out.

    The other guy was right, there is some "thinking outside the box" required here., but the money's there.
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    • Profile picture of the author InternetMarketingSmarts
      Originally Posted by TheUser View Post


      I do this with articles right at this very moment (about $228 a week passive). Start with something simple and that you know well enough.
      Sounds like an idea for a WSO.
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      • Profile picture of the author TheUser
        Originally Posted by InternetMarketingSmarts View Post

        Sounds like an idea for a WSO.
        Already in the works (along with many more ideas I have done).
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        • Profile picture of the author InternetMarketingSmarts
          Originally Posted by TheUser View Post

          Already in the works (along with many more ideas I have done).
          Nice! Let me know if you're giving out review copies. I'll be happy to write a review and give you some feedback.
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          • Profile picture of the author Jarrett
            Banned
            Originally Posted by lilphilupt View Post

            This is something i was wondering, so why not ask ... Is anybody here making money with online service arbitrage? ( Being the middleman for online services ) I heard about it a few times but never really heard of anybody really cashing in on this.
            Yes. it works. It's profitable. And is probably one of the easiest and simplest ways to make money online that I know of. I made about $1k the very first day I did it.. so for obvious reasons am a fan lol

            I did a course on it years ago and have since got hundreds of emails from people all over that are making 6 figures from it.. several got to buy the house of their dreams, most quit their job, and I even got an email from a girl who is 12 that made her first $200 online from it.

            So yes. it works

            There are tons of people making a living from this method.. but they keep quiet on it, obviously because they don't want it to affect their business.

            Without giving any names.. I can tell you that there are a few well known copywriters, graphic designers and video creators running a 6 and 7 figure business from this model alone in the Warrior For Hire section right now.



            Originally Posted by jeffreydale View Post

            The idea stroked my fancy last night actually, after watching a kinghuman video. Signed myself up for odesk (after having a decent fiverr account for a few months) but then shyed away from the idea after realizing that you are completely putting your reputation/business in the hands of somebody else.

            I reflected on the idea again today though. There is a local business (brick and mortar store) that does logo design etc.. was thinking about getting jobs on freelance sites like odesk then going in andf have them design it. At least if I get a sh*tty e-mail, I can take it back and these people would have to deal with me to my face until they got it right.
            Hey Jeffrey, I'm actually the guy that made the course you're referring to.. so can speak on it

            Few things.

            but then shyed away from the idea after realizing that you are completely putting your reputation/business in the hands of somebody else.
            Why are you shying away from anything? don't let fear stop you from chasing your dreams and doing what you want bro!

            At the end of the day.. EVERYTHING you do is in one way or another placing your business in the hands of somebody else..

            SEO - your business is reliant on Google's algorithm's.
            Brick and Mortar - your business is reliant on your employees, customers, etc.
            Online business.. paypal can decide to freeze your account at any given moment, lol

            Such is life.

            With brokering.. you can really stack the chips in your favor because you get to pick your team.. If logo design is something you want to go after.. Find the best.
            Find the most talented logo designers. People that have a track record, a solid reputation, have completed thousands of jobs for other people and have received all 5 star reviews.

            Then on top of that, find 2 or 3 other top logo guys who can step in for you just in case that guy gets busy at any time. Problem solved

            Plus.. you get to pick which clients you want to work with. If any client seems like they are going to be difficult to work with before you take them on.. you have the right to refuse business.

            So you can really hand pick everything =)



            Originally Posted by lilphilupt View Post

            I know what you mean, i was thinking about the exact same thing (reputation and such) but i'm guessing people just make another "persona" if things get really bad, it seems like the best way to go about it though is to make a service providing company instead of being an personal individual service provider,... that's just my opinion and something i just thought about.
            You shouldn't have to create another persona, alter ego, or alias for this.
            If you can't put your name on what you're selling and offering to people.. and feel good about it.. you probably shouldn't be selling it in the first place..

            However, with that being said...

            If I was offering logo services..
            I'm not going to say.. I am Jarrett! the world's greatest logo man alive. lol
            I don't create logos nor would I claim to..

            Instead, I would create a company name and an official website.
            This will also help establish you and get people to take you alot more seriously.
            Especially if you have amazing looking work on there.

            I'd pick a company name that sounds authority.

            Blue Media Designs, Paramount Web Media, Red Panda Media, Luscious Logos, etc.

            I'd contact people. I'd tell them that I'm with Blue Media Designs and that we can get the job done for them.

            All what people care about at the end of the day is can you get them the result that they seek.

            and if they ask if you're the logo designer, the programmer, the video guy.. I'd say no. I'm the _____ < and give them your role (customer service, frontman, service rep, ceo, etc.) I'd tell them I take care of customer service / PR... and that Blue Media works with logo designers all over.

            And if someone asks me a question about programming and I had no idea..
            I'd tell them.

            "That's a great question! I'll have to forward it to my team and get an answer for you"

            You just turned a negative into a positive.. And positioned yourself even more like a boss.. You got a team.. you're a professional





            Originally Posted by jeffreydale View Post

            I am sure there is money to be made as a "middle man", but the idea of logos/web services/design has been used up and bent over and a$$ raped. You have to think outside the the box. Trust me, easier said than done. I am still pondering this myself.
            What is with this thinking bro?
            So what you're saying is that nobody is getting logos or web design any more?

            And because there are 50 other guys in India doing web designs or logos bidding on a job that the market is dried up and you can't knock all of them out easily?

            seriously?

            You need to think like a boss!
            Don't let fear and doubt cloud your judgement.
            Let actions and RESULTS dictate whether something works or not.

            It's real simple.. And you don't even have to think outside the box for this one.

            First Pick an avenue that you want to focus on. Let's just say Logo design since that's the one ya'll had mentioned earlier. Then why don't you just go out there and find one of the top logo designers...

            A guy that does insanely good work that sells itself and blows people away..
            Check to see his reviews.. does he have a solid track record.. Is he dependable?
            Are his rates reasonable?

            If the guy has 3,000 5 star reviews, no negative reviews and has been doing logos for 6 years in a row..

            This guy is not going to want to tarnish his reputation and I'm not going to worry or not whether he can deliver the goods..

            Then.. go out there.. and find people that need logos done. Could be in the offline market.. could be in classifieds, craigslist, Elance, Forums, banners, etc. Possibilities endless.

            If you just jump in front of them.. show them the guys work...
            How hard is it going to be to sell them on it.. really?

            Even if your prices are DOUBLE what everyone else charges..

            (I recommend giving people a good deal on everything. no need to get greedy.. turn it into a WIN-WIN, and everyone wins.. but just want to show you that no matterwhat you charge you can get people to take you up on it)

            Alot of people will gladly take you up on.. and alot of people will pay money for quality.. especially if nobody else's work compares...

            And it's a done deal. that's a wrap. money in the bank.

            They get an awesome logo done, you hooked the logo guy up with another job and he got paid his normal rate, and you get a cut of the profit for making it happen.

            That's a wrap.


            As for services you can do...
            THERE are TONS...

            Web Design, copywriting, video creation, sales videos, whiteboard animation, programming, plugin creation, membership site set up, ebook creation, article, backlinks, PPC management, facebook fans, etc.

            The list is infinite.

            Personally, I'd recommend focusing on ones that PAY you out well for each job..
            Ebook creation, plugins, copywriting, programming, etc.

            But to each their own. there's guys that make good money from doing articles, getting repeat clients and working in more bulk orders.. and I give them props..

            but think about it.. if you're selling $5 - $10 articles..
            How many different clients and jobs do you have to watch over just to make $3,000 to $10,000/mo .. alot.

            Compare that to video creation or copywriting.
            You can do 1 or 2 jobs a month.. ALOT less work to manage that and still make the exact same money.
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            • Profile picture of the author jamesmol
              What a great post! I actually own a number of these service sites that I bought on Flippa ages ago but I did nothing with.

              One piece of advice may have just changed my mind on this. Hire the best and charge what it is worth.

              So simple but perhaps not so obvious.

              Thanks for the clarity.

              Kind Regards
              James Molfetas
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              • Profile picture of the author 4DayWeekend
                Service arbitrage works well with an Offline / Online crossover...

                If you get out of your home office (or bedroom ) and network with offline business owners at breakfast meetings, networking events, seminars and the like then you'll find lots of services that you can offer them. Hell, there's stuff you can pick up from Fiverr that offline businesses will pay $10, $20... $50 for...

                You'd be surprised how many brick and mortar business owners haven't got a clue where to go to buy low cost services. And even if they do, they'd rather deal with you because you're a real person.
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            • Profile picture of the author Letsmake100aday
              Originally Posted by Jarrett View Post

              Yes. it works. It's profitable. And is probably one of the easiest and simplest ways to make money online that I know of. I made about $1k the very first day I did it.. so for obvious reasons am a fan lol

              I did a course on it years ago and have since got hundreds of emails from people all over that are making 6 figures from it.. several got to buy the house of their dreams, most quit their job, and I even got an email from a girl who is 12 that made her first $200 online from it.

              So yes. it works

              There are tons of people making a living from this method.. but they keep quiet on it, obviously because they don't want it to affect their business.

              Without giving any names.. I can tell you that there are a few well known copywriters, graphic designers and video creators running a 6 and 7 figure business from this model alone in the Warrior For Hire section right now.





              Hey Jeffrey, I'm actually the guy that made the course you're referring to.. so can speak on it

              Few things.



              Why are you shying away from anything? don't let fear stop you from chasing your dreams and doing what you want bro!

              At the end of the day.. EVERYTHING you do is in one way or another placing your business in the hands of somebody else..

              SEO - your business is reliant on Google's algorithm's.
              Brick and Mortar - your business is reliant on your employees, customers, etc.
              Online business.. paypal can decide to freeze your account at any given moment, lol

              Such is life.

              With brokering.. you can really stack the chips in your favor because you get to pick your team.. If logo design is something you want to go after.. Find the best.
              Find the most talented logo designers. People that have a track record, a solid reputation, have completed thousands of jobs for other people and have received all 5 star reviews.

              Then on top of that, find 2 or 3 other top logo guys who can step in for you just in case that guy gets busy at any time. Problem solved

              Plus.. you get to pick which clients you want to work with. If any client seems like they are going to be difficult to work with before you take them on.. you have the right to refuse business.

              So you can really hand pick everything =)





              You shouldn't have to create another persona, alter ego, or alias for this.
              If you can't put your name on what you're selling and offering to people.. and feel good about it.. you probably shouldn't be selling it in the first place..

              However, with that being said...

              If I was offering logo services..
              I'm not going to say.. I am Jarrett! the world's greatest logo man alive. lol
              I don't create logos nor would I claim to..

              Instead, I would create a company name and an official website.
              This will also help establish you and get people to take you alot more seriously.
              Especially if you have amazing looking work on there.

              I'd pick a company name that sounds authority.

              Blue Media Designs, Paramount Web Media, Red Panda Media, Luscious Logos, etc.

              I'd contact people. I'd tell them that I'm with Blue Media Designs and that we can get the job done for them.

              All what people care about at the end of the day is can you get them the result that they seek.

              and if they ask if you're the logo designer, the programmer, the video guy.. I'd say no. I'm the _____ < and give them your role (customer service, frontman, service rep, ceo, etc.) I'd tell them I take care of customer service / PR... and that Blue Media works with logo designers all over.

              And if someone asks me a question about programming and I had no idea..
              I'd tell them.

              "That's a great question! I'll have to forward it to my team and get an answer for you"

              You just turned a negative into a positive.. And positioned yourself even more like a boss.. You got a team.. you're a professional







              What is with this thinking bro?
              So what you're saying is that nobody is getting logos or web design any more?

              And because there are 50 other guys in India doing web designs or logos bidding on a job that the market is dried up and you can't knock all of them out easily?

              seriously?

              You need to think like a boss!
              Don't let fear and doubt cloud your judgement.
              Let actions and RESULTS dictate whether something works or not.

              It's real simple.. And you don't even have to think outside the box for this one.

              First Pick an avenue that you want to focus on. Let's just say Logo design since that's the one ya'll had mentioned earlier. Then why don't you just go out there and find one of the top logo designers...

              A guy that does insanely good work that sells itself and blows people away..
              Check to see his reviews.. does he have a solid track record.. Is he dependable?
              Are his rates reasonable?

              If the guy has 3,000 5 star reviews, no negative reviews and has been doing logos for 6 years in a row..

              This guy is not going to want to tarnish his reputation and I'm not going to worry or not whether he can deliver the goods..

              Then.. go out there.. and find people that need logos done. Could be in the offline market.. could be in classifieds, craigslist, Elance, Forums, banners, etc. Possibilities endless.

              If you just jump in front of them.. show them the guys work...
              How hard is it going to be to sell them on it.. really?

              Even if your prices are DOUBLE what everyone else charges..

              (I recommend giving people a good deal on everything. no need to get greedy.. turn it into a WIN-WIN, and everyone wins.. but just want to show you that no matterwhat you charge you can get people to take you up on it)

              Alot of people will gladly take you up on.. and alot of people will pay money for quality.. especially if nobody else's work compares...

              And it's a done deal. that's a wrap. money in the bank.

              They get an awesome logo done, you hooked the logo guy up with another job and he got paid his normal rate, and you get a cut of the profit for making it happen.

              That's a wrap.


              As for services you can do...
              THERE are TONS...

              Web Design, copywriting, video creation, sales videos, whiteboard animation, programming, plugin creation, membership site set up, ebook creation, article, backlinks, PPC management, facebook fans, etc.

              The list is infinite.

              Personally, I'd recommend focusing on ones that PAY you out well for each job..
              Ebook creation, plugins, copywriting, programming, etc.

              But to each their own. there's guys that make good money from doing articles, getting repeat clients and working in more bulk orders.. and I give them props..

              but think about it.. if you're selling $5 - $10 articles..
              How many different clients and jobs do you have to watch over just to make $3,000 to $10,000/mo .. alot.

              Compare that to video creation or copywriting.
              You can do 1 or 2 jobs a month.. ALOT less work to manage that and still make the exact same money.
              Awesome post! Ive only been here a while, but I feel like this guy is golden
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  • Profile picture of the author DBMEDIALLC
    If being a middleman is service arbitrage, aren't all business owners doing service arbitrage? When you pay for auto repair, it's the recent college grads making $15/hr doing the service, not the owner that sold you the repairs. It's all about how you manage your employees and keep the service up to a high level of quality.
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  • Profile picture of the author timpears
    Check out Daniel Evans, he has some WSO on just this subject. This man knows his way around service arbitrage.
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    • Profile picture of the author Michelle Stevens
      Originally Posted by timpears View Post

      Check out Daniel Evans, he has some WSO on just this subject. This man knows his way around service arbitrage.
      Yep, I second what Tim says

      I've made a nice few $$$ with Daniel's arbitrage ideas
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  • Profile picture of the author drr
    Yes, certainly being done. The obvious place is to find a reputed service provider on fiverr. Your role then becomes one of manager/supervisor to make sure the service is up to scratch and not ruining your brand strength.

    But...why stop there? You can make a ton more money with arbitrage when you open your mind. In a recent newsletter I told my list about interesting arbitrage based loopholes that exist in the world. You can actually use the arbitrage technique to play off two governments against one another and give you a net cashflow. You can also use arbitrage to grab cash positive investments without actually putting your own money in.

    Amazing whats out there when you open your mind a little...
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  • Profile picture of the author Zayne
    Originally Posted by lilphilupt View Post

    This is something i was wondering, so why not ask ... Is anybody here making money with online service arbitrage? ( Being the middleman for online services ) I heard about it a few times but never really heard of anybody really cashing in on this.
    Oh yeah most definitely!!

    There are plenty of guys on this forum who do it, and very well I might add.

    Check out Daniel Evans, he is a Fiverr Master!

    I used this method to make a few extra $ when I was overseas and ran out of money a few years back, its quick and easy, but you do have to scale a pre qualify very well!

    Zayne
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  • Profile picture of the author lastreporter
    Originally Posted by lilphilupt View Post

    This is something i was wondering, so why not ask ... Is anybody here making money with online service arbitrage? ( Being the middleman for online services ) I heard about it a few times but never really heard of anybody really cashing in on this.
    Honestly, it is a tough model. You must depend on others, who themselves may be farming the work out.

    You can lose your shirt fast, as well as your reputation.

    I steer clear of such operations. I have been burned once and that was enough.
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  • Profile picture of the author Bruce NewMedia
    For me this has always depended on good outsourcers.
    Once you have an established relationship with people who do
    what they promise and are reasonably priced, its just a matter
    of advertising ...and testing ads all the time.

    In Offline work, there's no reason to personally do all the projects
    you'll get. If you did, it would slow down your marketing and
    limit your income.
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  • Profile picture of the author Slin
    I don't but I've had people use my writing services in order to do so.

    I don't know how much money they make, but I'm sure that they do well since they keep coming back to me.
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  • Profile picture of the author ewritezone
    We have people working for us to get our projects done. So I wouldn't call what we're doing arbitrage, but it's something similar to that.

    Arbitrage is not as easy as people make it sound. There's a lot of work involved. The first one being, hiring the correct worker, one who can get the work done to your client's expectations.

    Next is, you need to know something about the service, preferably, you should have done it yourself, in order to manage your workers properly. If you don't know how to do it, then you won't know if your workers are doing it right.

    Rigid quality and time control is needed when getting work done from your workers. If they see that you don't know things, they'll start cheating you. I've seen that almost all of them are like that. They always find ways to cheat you, so you need to be diligent and keep an eye on them.

    If you can't maintain the quality, then you won't get repeat clients. So, in order to be successful in this business, you need to work really hard. But if you do, you can make a lot of money. It's not much different from the other business models really.
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  • Profile picture of the author Daniel J
    Yes, a lot of people are able to do this successfully. What prevents me from pursuing this type of business is the fact that I would be "on the hook" for someone else's work. I don't care to deal with customer revisions or especially complaints. I do a form of arbitrage, but it is with physical products (buy low, sell high.) This can result in 100% profit margin easily and sometimes can even be upward of 700-1000%! (not as common, but it happens). A business owner in my area once told me that the best business model is to be a "bridge" between the people that want something and the people that can provide it. Best of luck to you!
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  • Profile picture of the author imagoodguy
    I think i should start doing this myself also. I never though of doing so but its worth a try.
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  • Profile picture of the author KloudStrife
    Interesting stuff, it happens for a lot of importing / exporting business's. Also tons on elance with alot of companies from india hiring 3rd party designers/developers. But at the end the one in the middle gets the least amount
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  • Profile picture of the author luke4
    Originally Posted by lilphilupt View Post

    This is something i was wondering, so why not ask ... Is anybody here making money with online service arbitrage? ( Being the middleman for online services ) I heard about it a few times but never really heard of anybody really cashing in on this.
    I can tell you that many people are doing this and making money. But I agree with the people above who have stated that you MUST do your due diligence in the service provider. I have been contacted by many clients who wish to resell our services and quite a few of them make a good 200% on top.

    When our website is up and running we'll be expanding past just SEO services by doing arbitrage.
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  • Profile picture of the author WeavingThoughts
    Every real business in the world is arbitrage. If you are not labor then you are a manager. And managers are middlemen. And managers also make the most money. Middlemen always make the most money provided they know their stuff. Every business is arbitrage.
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    • Profile picture of the author Luis Michael Orts
      Originally Posted by WeavingThoughts View Post

      Every real business in the world is arbitrage. If you are not labor then you are a manager. And managers are middlemen. And managers also make the most money. Middlemen always make the most money provided they know their stuff. Every business is arbitrage.
      I think the key to truly becoming a master middlemen is having a balance of knowledge in the field (not necessarily from first hand doing it) and a knowledge in how to generate clientele.

      Seems like a ton of money in a business model like this!
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  • Profile picture of the author fdebvrg
    I will tell you all something. I read full thread and was very thankful to everyone as it opened my eyes but Jarrett gave such inspirational information, I feel like getting up right now and "hustling it" Wow!
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  • Profile picture of the author Chris-
    Interesting thread. My experience is that it is very easy to get work done, but far more challenging to sell anything to others. So if anyone is considering this approach, I recommend focusing on implementing the selling side really effectively.

    There is lots of competition for getting the work done, although that can take careful supervision sometimes to get things done correctly, but is basically easy. I've used oDesk for years, and got a whole range of things done including web programming, admin (including SEO services), 3D model-making and rendering, WordPress customization and improvement etc. I like to use fixed-price jobs, because then both side know what to expect financially before the start, and because I don't know many workers who will work as quickly and efficiently if they know they that will get paid more to work a bit slower

    Chris
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    • Profile picture of the author heavysm
      Originally Posted by Chris- View Post

      ...I recommend focusing on implementing the selling side really effectively.
      I have a business friend whose entire business model is arbitrage, and he does so to the tune of $20 - 30k monthly. So it's definitely doable.

      The trick for him was to sell himself as a reputable product/service. Once you have yourself branded as an authority in your field there's really nothing stopping you since customers will clamber to you and wait weeks on end to get your product because they already know it's quality stuff.

      So the guy (speaking theoretically) who has the best product out there but no idea how to market it is far worse off than the guy who has no product of his own but knows how to get people to buy
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      The Dirty Little Secret I Use To Boost My Businesses (not what you expect)
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  • Profile picture of the author jsniemeyer
    I never did much with service arbitrage, but I do know that it works really well with writing. It is pretty easy to find people who will pay $10+ per 500 word article and just as easy to find decent workers who will write them for $5 or less.
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    • Profile picture of the author cameloot
      This was a great thread to read. I had bought a course on arbitrage and this jogged my memory. I haven't tried it yet but after reading everything here, I just may have to take a second look at it. Thanks everyone from this newbie for jogging my memory.
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      • Profile picture of the author imagoodguy
        Originally Posted by cameloot View Post

        This was a great thread to read. I had bought a course on arbitrage and this jogged my memory. I haven't tried it yet but after reading everything here, I just may have to take a second look at it. Thanks everyone from this newbie for jogging my memory.
        Hey camelot whats the name of that course ?
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  • Profile picture of the author imagoodguy
    Quick question for all of you, Can you run a web design brokering business online while outsourcing work online also ? I'm asking this because I see alot of people that broker web design usually just do it for offline clients but I would like to only deal with online clients if possible.
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  • Profile picture of the author Angshuman Dutta
    Originally Posted by lilphilupt View Post

    This is something i was wondering, so why not ask ... Is anybody here making money with online service arbitrage? ( Being the middleman for online services ) I heard about it a few times but never really heard of anybody really cashing in on this.
    I've done it and still have a whole business around it. The issue with service arbitrage is you need relieable providers so you don't miss deadlines and there are no quality issues. For me its a three step system. I have providers who deliver and the processed orders pass through a quality team which is even equipped to make minor changes in the product rather than sending it back to the provider and waste valuable time. The quality team is also responsible for connecting with the end buyer and make sure everything happens smoothly.
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