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Reselling stuff on sites like fiverr - thought on idea?

Discussion in 'Making Money' started by Huy Phan, Sep 26, 2012.

  1. Huy Phan

    Huy Phan Jr. VIP Jr. VIP

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    So, i had this idea, i don't know if it has been discussed before (i guess it did, but nevertheless).
    So, i thought about this - let's say i have a certain amount of money to invest, and i use that to buy some product that has re-sell capacity (not some services and stuff, but more like some adwords vouchers and licences etc), and i buy that for 6 dollars, and re-sell, for $8 (just an example).

    Does anyone earn money this way?
    What are the profit opportunities?
     
  2. CazuaL

    CazuaL Jr. VIP Jr. VIP Premium Member

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    That's just common sense. Buy low and sell high, man people do it but its pointless selling for a few extra dollars. But something that can net you a decent profit every time you sell the item because after ebay take there fee maybe a bit of postage as well you will be pretty much left with nothing.

    Good luck
     
  3. Huy Phan

    Huy Phan Jr. VIP Jr. VIP

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    Well, if i buy 5 items for 10 dollars each, and then resell each for 12 dollars, i get 10 bucks extra, with just a few clicks, so not really a goldmine, but it adds up, especially if you buy more expensive items, then you can put a bigger commission as well.
     
  4. john1444

    john1444 Elite Member

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    If you apply the law of demand and supply you will arrive at your answer.

    If there is demand for your product and you position your self in the front of the right people, you will surely make some sales
    depending on what other competitors are offering out there.

    Also, a word of advice, never be afraid of trial and test...
     
  5. therage

    therage Senior Member

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    You are thinking to small. If you want to resell, you need to either have your own site, or get sneaky. Think what the cpa networks do, and start there if you found a good product.
     
  6. SEO_Alchemy

    SEO_Alchemy Senior Member

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    Profit margins and labor ... those are your concerns. Sure a few clicks to sell, but what about securing your items, answering all the questions, organizing.... if once all is said and done you can earn $20+ hour, its worth it.... if not, you are wasting your time which can be spent setting up and pursuing more lucrative endeavors. That's my take on it.
     
  7. Huy Phan

    Huy Phan Jr. VIP Jr. VIP

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    20+ per hour? Wow, that really out of my league at the moment. I was thinking more in terms of $100 - $200 monthly.
     
  8. KingMonkey

    KingMonkey Regular Member

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    You need to work out who you're going to re-sell it to, where's the traffic coming from? If it's a fiverr clone most of them have next to no traffic so external traffic is key. I was reselling facebook likes, twitter followers, youtube views for a while and making about $5 profit a sale. In the end I decided it wasn't worth it, it's more work than you think dealing with your clients, passing orders on to fiverr sellers, sometimes the people you're buying from let you down or don't do the job properly which can put you out of pocket. Think bigger if you want to do something like this.
     
  9. dakica

    dakica Junior Member Premium Member

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    All fiverr gigs sucks, they don`t provide quality and from 3 buyers 1 will ask for chargeback.

    Invest in your own product or service that will take you 10-15 minutes to finish the job and sell that on fiverr for 4$, or even better make your own website
     
  10. Huy Phan

    Huy Phan Jr. VIP Jr. VIP

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    Well, to be honest, the whole idea is that i use the existing infrastructure :) And to earn a little cash as no-brainer.
    Creating my own website would require time, investments in hosting and domain, and then time to promote and funds to promote it. And then time to create my product, and stuff like that.

    But, anyway, thanks for all of your help. Are there any more similar stories like KingMonkey's?

     
  11. zebrahat

    zebrahat Elite Member

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    Collect and go through some resell rights ebooks or PLR articles, find some decent products (for high demand subjects), and transcribe them into audio files totaling above 50 mb. Store them on file sharing sites that pay per download. Then set up gigs selling the files as yours, delivered in 24 hours. As the gigs come in, quickly fill them by providing the download links (Fiverr permits you to list off-site links if the download size is huge, to spare their servers). One day of work, bank the rest of the time.
     
  12. Huy Phan

    Huy Phan Jr. VIP Jr. VIP

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    That's also an interesting method. Thanks for sharing ;)