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Freelance Flipping...

Discussion in 'Making Money' started by phrasion, Apr 1, 2009.

  1. phrasion

    phrasion Regular Member

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    So, to some of you this is probably nothing new, but it's like this, during a conversation with a friend of mine about making money online, we scratch the surface of freelancing and outsourcing, and he just gave me the following idea.

    Search for medium-high value projects, bid as high as you can to get hired, then go into other freelance site, create the same project that you've been hired in the first freelancing site, accept the lowest bids.

    After the guys I've hired deliver the project, I forward it to my real hirer, get paid, pay the other guys I've hired their share, and keep the difference.

    As far as I know this can be done countless times a week, if I get $20-$40 dollars of real profit by project, this will mean $200-$400 a week for 10 projects workload a week.

    Also, as far as my knowledge goes, the only money I have to spend is the money to pay the people I'll hire after being paid by the original project creator.

    This almost seems like a method :D

    Is this possible and viable or is there something I'm missing?!
     
  2. goins

    goins Regular Member

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    hmm yeah this could work.
     
  3. fafala77

    fafala77 Registered Member

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    It is definately possible, however, be careful by accepting the lowest bid that the freelancer has good review so you won't have any problems with your customer.
     
  4. webkumar

    webkumar Registered Member

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    yes what fafala77 said is correct. finding out the sincere and honest freelancer is a real game. phrasion i think your idea is good but you did not talk about upfront cost, because most real hard working freelancer's ask for small upfront.
     
  5. phrasion

    phrasion Regular Member

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    As I said, I have almost no experience freelancing, I'm just sharing some thoughts that I and a friend of mine discussed yesterday and trying to figure out if I can make a steady income stream out of this.

    Also, it seems like a nice "method" to share with BHW, specially considering that freelancing will never be saturated.

    The small upfront for the freelancer is no problem, because when I get hired I will also ask for a small upfront.

    What I'll pay to the real working freelancer will in every circumstance be a percentage of what the original project creator will agree to pay me.

    Let's say the project is worth $70, I will ask for a upfront of let's say $5, will give to my freelancer a upfront inferior to $5, when the project is complete, I will receive the $70 and pay my freelance $50-$60, and cash the rest myself.

    The only problem I've came across so far, (testing with GAF) is that in order to post a job I have to pay GAF $29, anyone knows if there is a way around it?