Physical Products Via Fiverr?

Discussion in 'BlackHat Lounge' started by kirkonpolttaja, Apr 26, 2012.

  1. kirkonpolttaja

    kirkonpolttaja Senior Member

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    How well can buyer scam you if your gig is about sendin a product to them? Let's phase it... there is alot of scumbags at fiverr to rip you off for free items, what would be the case if you/me would sell like keyrings at fiverr?

    I might have found a way of making $20 into $4000 :)
     
  2. kirkonpolttaja

    kirkonpolttaja Senior Member

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    It can be sent inside letter so there wont be any receipts... as a note.
     
  3. kirkonpolttaja

    kirkonpolttaja Senior Member

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    Just a small bump :)
     
  4. deekay619

    deekay619 Newbie

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    I've been (re)selling physical products on Fiverr and I gotta say, it's not worth much. I was making about $5 of clean profit (compensating for the fees with the shipping) but if even one customer opens a dispute and you gotta refund him, you're set back for 2 orders meaning that you need to make 2 more successful orders in order to return the profits and not be in the loss.

    Honestly I wouldn't bother selling physical products. Even if it's something like $2 and you're selling it for $10, you won't have much profits since if your product is mass-produced, there's a good probability that they'll simply do a google search and purchase it elsewhere for less money. If however you're making the products and they're unique, you might have a good shot since production costs are very low and you're monopolizing the market.
     
  5. kirkonpolttaja

    kirkonpolttaja Senior Member

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    Yeah buying commercial items and reselling them is not worth it, you need to sell something which is normally hard to come by :) With my method i can turn $20 worth of produce into $4000-$5000 and it's scalable, roof is only the order ammounts.

    if buyer is going after dispute, you can defend yourself with tracking number, so if you want to protect yourself i got good advice to fake the tracking code so buyer will get feelings that it's tracked eventough it's not and they wont dispute.

    maybe i try etsy...
     
  6. illfounded21

    illfounded21 Senior Member

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    That seems a pretty big return, you sure it's realistic?
     
  7. deekay619

    deekay619 Newbie

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    Better yet, you sure it's legal? Buying something for $20 and selling it for $4000 is either sheer fantasy or highly illegal, as in scam.
     
  8. gamingneeds

    gamingneeds Regular Member

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    I think what he's saying is he would be buying a bunch of things for extremely cheap (ie; $0.05 each) and then reselling them for a few bucks a piece.

    Is there a way to ship to the USA only?
     
  9. JimmyWong

    JimmyWong Registered Member

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    Buyer pays $5.

    - Fiverr Commision ($1)
    - Product (lets say $1)
    - Postage bag ($0.50)
    - Postage fee ($1.95 minimum)

    Net fail/profit: $0.55

    That's without taking into account time spent, electricity, internet, wear and tear on your comp.

    Even if you make $5 a piece, it's barely worth it unless you're shifting 100's a week.
     
  10. kirkonpolttaja

    kirkonpolttaja Senior Member

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    it's VERY realistic, but more realistic is $1k-$2k from $20 and i can license this thing easily...
    I let that fiverr thing down cause it's too much of an hassle and my teacher gave me an idea to license it for some companies.
    It's nothing about reselling, i get the materials, create the "thing" and ship it, 100% legal everywhere and it's not going to be illegal ever.

    I can create "the thing" in about 30sec so it's ~$5 for each 30sec... sound good eh? i need to build a business plan around this...

    EDIT: and around 40mil persons is going to benefit from this from US solely... also this is untapped market :) i'm getting the shivers!
     
    Last edited: May 13, 2012
  11. jayjaymoney

    jayjaymoney Junior Member

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    You can pass on the cost of the shipping to the customer. So if you take away the cost for the bag and postage fee, profit will be almost $2.50 which is 50% profit.

    With the shipping cost, you can also include the cost for insurance and tracking to protect you from any dispute.