Hi STEEMIANS.
Welcome to Episode 2 of Online Earning.
Today i will try to explain about freelancing job that you can do online and earn money without any technical knowledge.
This Strategy is basically based on arbitrage. Which means we are going to advantage from price difference on different websites.
Let's consider an illustration where Jack is selling an Iphone for 200$ and Micheal is willing to buy Iphone for 300$, but Jack and Micheal don't know each other. This is where we can take advantage of price arbitrage, We buy Iphone for 200$ from Jack and sell it to Micheal for 300$, (simple maths) making a profit of 100$ Flat. In online world when we do this its called price arbitrage.
Internet is filled with freelance sites where you can do different jobs online and charge fee for your services. So what we do is we will buy service from authentic source for 1 or 2$ may be and sell it to someone for 5$ minimum.
fiverr.com is the website that has many offers which they call a gig, offered by freelancer, minimum fee for one offer is 5$ out of which 1$ is what website charge for providing a platform and 4$ is what freelancer is paid.
seoclerks.com is another website that allow user to do same work but it task fee ranges from 1$ - 1000$.
Now how do we earn money:
Let's take a look at a service offered by someone on seoclerks.com just an example,
where user is offering 355+ youtube video likes for 1$ for anyone who want to promote their content.
Now all we have to do is to signup with an account on fiverr.com and make similar advertisement where we charge 5$ for 355+ youtube video likes.
Now when someone ask you to complete an offer and give them 355+ for an exchange of 5$ on fiverr.com
you just have to order the freelancer on seoclerks.com to complete this offer for 1$.
If things went fine you will be left with a profit of 3$ for which you invested 1$ only plus some hard work.
But the R.O.I which is 400% worth the hardwork.
Remember this is just a small overview. There are too many Pros and Cons to talk about. where each business requires some proper skills and correct work (not hardwork)
Thanks for Reading
Follow me @uxair for upcoming posts
Please upvote and comment below if you have any questions.
click here for online earning Episode 1
click here for my free SBD giveaway posts
Hello @uxair
Thanks for this insight. I am a freelance writer and I've learnt something new today. I think I'll prefer doing this than writing for people.
I'll write for myself and enjoy price arbitrage.
@learnandteach01
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Good to know it helped you.
Best of luck to you dear.
Thanks for reading
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You are welcome.
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This comment has received a 3.13 % upvote from @drotto thanks to: @uxair.
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Interesting, I never heard it called arbitrage. I always just called it entrepreneurial profits.
Thanks, I'm going back to read Episode 1.
already following and going to resteem this post
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Thanks for your support.
Stay updated for more stuff
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Interesting post. Never thought about arbitraging in that way.
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Thankyou.
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This is very usefull information.
Thank you
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Your welcome.
Thanks for reading
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This post has received a 1.04 % upvote from @drotto thanks to: @uxair.
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