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Make $50+ Everyday Doing Arbitrage

Discussion in 'General Business' started by mikefilasaime, Jul 3, 2013.

  1. #1
    Before we start I would liked to tell you what "Arbitrage" means:

    Arbitrage is the practice of taking advantage of a price difference between two or more markets.

    So, I am sure you know what I am going to tell you in this thread.

    MAKE $50+ EVERYDAY BY TAKING THE ADVANTAGES OF PRICE DIFFERENCES BETWEEN TWO MARKETS.


    I) Let start with MACRO JOB sites


    Well you can make money on fiverr by offering the services that you can do. i.e, article writing, graphics, followers, link building etc however, one of the other way is arbitrage.

    Copy the gigs offered on fiverr (change image and text into your language) and start selling them on other gigs selling sites.

    You can sell $5 fiverr gigs for $10+ on those sites. I have tried this method and made a good money out of it.

    Yes you need to have some money in your pocket to place the order on fiverr once you receive the order from other sites.

    In addition the most sold gigs by me was the combination of two different gigs in one i.e, Twitter + Fanpage Followers etc. It will cost you $10 on fiverr and you can easily sell them on other site for $15 - $25.

    You can mix similar types of gigs and offer them.

    Few sites you can refer:

    1. microworkers.com
    2. zeerk.com
    3. gigbucks.com
    4. uphype.com
    5. taskarmy.com
    6. justafive.com
    7. dealerr.com
    8. IMGiGz.com
    9. Fourerr.com
    10. twentyville.com
    11. fittytown.com
    12. uphype.com
    13. gighour.com
    14. gigme5.com
    15. ffiver.com
    16. tenbux.com
    17. i-will-do.com
    18. gigswood.com
    19. tenyt.com
    20. magicgig.com
    21. nettradr.com
    22. myntmarket.com
    23. jobsfor10.com
    24. dollar3.com
    25. fivesquids.co.uk
    26. ninerrs.com
    27. fiverup.com
    28. tenerr.com
    29. awesomegig.com
    30. jobsfor7.com
    31. Fora20.com
    32. Dollar3.com
    33. Outsourcerr.com
    34. Earner.net
    35. fiversworld.com
    36. bountyit.com
    37. peoplestox.com
    38. coffeeandpower.com
    39. iwilldoitfor.com
    40. notjustafive.com
    41. joberr.com
    42. microgigsite.com
    43. SEOClerks.com
    44. Gigblasters.com
    45. Jobsfor12.com



    II) EBAY

    EBAY is a BIG public marketplace however, it have different protal for different countries. And the cost of products price varies fromcountry to country.

    Simple thing you can do is. Find the similar products selling on different sites/countries.

    Create a listing to sell that product for HIGH paying country customers.

    Here is an example:

    iPhone 4s 16GB (NEW)

    Sold for 510 - 550 AUD on http://www.ebay.com.au/

    Sold for 350 - 400 USD on http://www.ebay.com

    Sold for 300 - 400 GBP on http://www.ebay.co.uk

    Plus, Shipping charges.

    1 GBP = 1.5 USD which means iPhone 4s sold b/w 450 - 600 USD in UK.

    Similar way find the products of your choice and create the listings.


    PLEASE NOTE: You can refer to other sites with lower price for products. Checkout Amazon, Buy.com etc.


    Also, For both Macrojob and Ebay method manage an sheet with the link of products your are coping and selling.
     
    mikefilasaime, Jul 3, 2013 IP
  2. .hawaii

    .hawaii Member

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    #2
    Interesting idea. Aussies have to pay ALOT more for tech items unfortunately.

    I also heard of this 'arbitrage' being used in sports betting... Sometimes the price would be slightly different between each betting outlet. So every now in then, in a close sporting game with only 2 teams, and the odds were very close, different outlets might pay $2.02 or $2.01 for opposite teams. This way, the gambler could split his money and bet on each team at over $2.00 odds, so he was guaranteed a 1% or 2% profit.
     
    .hawaii, Jul 4, 2013 IP
  3. ninjamtlt1

    ninjamtlt1 Active Member

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    #3
    I've heard a lot about arbitrage, it seems like a great way to make money. I've heard it works in practically any market, too.
     
    ninjamtlt1, Jul 4, 2013 IP
  4. it career

    it career Notable Member

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    #4
    Good idea, but how will you deliver, in case your employee at fiverr fails to deliver?
     
    it career, Jul 5, 2013 IP
    dean1122 likes this.
  5. Branko Zecevic

    Branko Zecevic Active Member

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    #5
    Thanks for the very good idea to make money online!
    This actually makes a sense! I would like to see some experiences with this method!
    It should not take too much of your time, because you are actually connecting
    people!
     
    Branko Zecevic, Jul 8, 2013 IP
  6. sajjadidr

    sajjadidr Greenhorn

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    #6
    This is exactly what would happen in many of the cases and then eventually you would end up in loss and frustration.
     
    sajjadidr, Jul 10, 2013 IP
  7. Enklave

    Enklave Greenhorn

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    #7
    You must be sure there is more than 1 person with same service. If not, try another site like fiverr and have at least 1 another supplier as backup
     
    Enklave, Jul 10, 2013 IP
  8. liamwli

    liamwli Well-Known Member

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    #8
    This actually sounds like it could work quite well...

    I'll have to try it at some point :)
     
    liamwli, Jul 10, 2013 IP
  9. gregdavidson

    gregdavidson Well-Known Member

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    #9
    Great advice and a great list of gig marketplaces!
     
    gregdavidson, Jul 11, 2013 IP
  10. wusupg

    wusupg Greenhorn

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    #10
    thanks for the list its great help
     
    wusupg, Jul 14, 2013 IP
  11. ChR0n1k

    ChR0n1k Well-Known Member

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    #11
    Best arb method for me ever is just two words: media buys - as long as you are earning more on your site than you are spending on the advertising you are.........
    [​IMG]
     
    ChR0n1k, Jul 15, 2013 IP
  12. SERPpoint

    SERPpoint Active Member

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    #12
    Same way, you can sell premium domain name from one auction site to other auction sites, the thing is you should have ability to price a domain name!
     
    SERPpoint, Jul 15, 2013 IP
  13. dailybread2011

    dailybread2011 Active Member

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    #13
    Mike Filasaime is one of the most successful marketers on the internet. When he speaks, I listen. If you are organized and systematic, arbitrage can make you a lot of money. The one thing to remember is that internet marketing is a job. No way around it. Arbitrage is a very easy way to make money but you need to keep on top of it or it will all fall to crap.
    Can I say crap here? If not, please don't read it. :D
     
    dailybread2011, Jul 16, 2013 IP
  14. domain-master93

    domain-master93 Active Member

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    #14
    This also works with ads on websites. Buy ads for cheap and convert them at a higher rate. This is an old trick that has served me well over the years.
     
    domain-master93, Jul 16, 2013 IP
  15. success.withus

    success.withus Greenhorn

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    #15
    Never tried such idea. Sounds interesting. You have added all positivity in this. Can you add some disadvantage also?
     
    success.withus, Jul 16, 2013 IP
    sigmainfo likes this.
  16. mikefilasaime

    mikefilasaime Active Member

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    #16
    Dear dailybread2011,

    I really apologize to disappoint you but I am not The Mike Filsaime (Top Internet Marketer) you have mentioned here.
    I really wish if I would have been that person :)
     
    mikefilasaime, Sep 16, 2013 IP
  17. mikefilasaime

    mikefilasaime Active Member

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    #17
    Well for me the only disadvantages are:

    If you fails to deliver any service.

    To take better advantage of it - Never depends on one person/service provide to fulfill your task. Always have a back up plan / supporter / service provider.

    Rest is good to go.....
     
    mikefilasaime, Sep 16, 2013 IP
  18. amiluvu

    amiluvu Active Member

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    #18
    What about affiliate offers, you can go beyond 100$ daily if you do it right
    It depends on a few things,

    what niche are you interested in?

    what skills and experiences do you already have?

    what method of marketing do you want to use ?

    what biz model do you want to start with ?

    there are a few more important question to ask yourself before you can get a better idea of just how quickly you can start making money.

    the questions above are a good way to start defining which affiliate program will work fastest for you
     
    amiluvu, Sep 20, 2013 IP
  19. wwstewart

    wwstewart Well-Known Member

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    #19
    Arbitrage is great in other markets as well. See also: Magic the Gathering cards and real estate. :D
     
    wwstewart, Nov 27, 2013 IP
  20. dean1122

    dean1122 Member

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    #20
    Arbitrage is one strategy by which you can earn a lot.
    actually it is the opportunity to buy an asset at a low price then immediately selling it on a different market for a higher price.
    also this is the basic of every business.let's suppose if I can buy an asset for $10, turn around and sell it for $30 and make $20 for my trouble, that is arbitrage.
     
    dean1122, Nov 30, 2013 IP