Why Do People Think Reselling Services is a Great Money Making Idea?

Why Do People Think Reselling Services is a Great Money Making Idea?

 

fiverr

The reason why people resell services online is that they want to get a higher profit margin on the services that they provide. Maybe someone may already be able to produce a sample of work but does not want to absorb the cost of both marketing the product and crafting it, therefore, they would do business at the retail end instead of at the supply end. There is money to be made reselling services online, and there is a way how to do it.

Which type of services are usually resold?

Often, products are bought and resold depending on what that service is. An example of services purchased and resold would include writings, translations, and graphics work. However, it also includes white label marketing services such as Conversion Rate Optimization, SEO link building, Social Media management and more.

How do I make money from reselling services?

You need to be good at finding the right client that needs to find the right service at the right time. This means that reselling services tend to involve the use of a lot of marketing skills and a general knowledge of the marketplace in which you want to sell the services. To acquire this knowledge, you have to have been involved in the market at some point or the other.

You simply purchase the service from one source and then hold it to be resold whenever the demand arises. This tends to happen on some freelancing platforms where the person providing the first service may not have the contact, but you do. Then when you resell the service, you can make a profit on the service sold. Therefore if you have good contacts you stand to make a decent amount of money.

Which platforms are best for the reselling of services.?

There are many platforms out there that can facilitate the reselling of services. One of the most popular is Fiverr. Where you can purchase a service called a gig for as little as $5 and then resell it for a profit. However, other freelancing platforms such as Upwork, Freelancer, and SEO Clerks also facilitates the acquisition of services to resell online. You can hire freelancers to buy their services then resell at a profit.

Is it allowed?

The answer to that is yes. The reason being that once you have purchased a service the product related to the service has now become yours. Therefore whatever it is that you planned on doing with it is up to you. However, you cannot sell the service to multiple persons if any of the buyers of the service has indicated that they want to purchase the service exclusively.

How much do you stand to make?

How much you make depends on the markup you put on the service you resell. You can make a few hundred to a couple of thousands. It is up to you and how well you can find buyers for these services.

 

Disclosure: This post contains affiliate links. Thecheddachase.com will receive a small commission if you purchase from these links.

Related Posts

8 Ways to Make Money Using Your Digital Camera

8 Ways to Make Money Using Your Digital Camera A lot of simple-looking tools you use on a daily basis can also be used to make some extra money. One of these is your digital camera. If you’re just starting out it’s not advisable to buy an expensive camera as it may cost you more then […]

What Is A Mystery Shopper And How Can You Money As One?

A mystery shopper is a person who’s paid by a company, restaurant, or retailer to visit a business, carry out a transaction, then report back on the experience. The aim is to find out how the customer service at that establishment is. This information is used to identify any customer service gaps, staff training requirements […]

What Are Some Ways We Waste Money?

What Are Some Ways We Waste Money? Saving money is everyone’s secret number one priority. We may not all be in the same financial situation—after all, some are better off than others—but no one wants to give money away needlessly. Just like time, money wasted is money we never get back, and as a general […]

Search For Unpaid Back Wages

If you think that you are owed unpaid back wages held by the  US Department of Labor Wage and Hour Division there is a site where you can search. From the site:   The Wage and Hour Division (WHD) enforces some of our nation’s most comprehensive labor laws. When we find violations, we often recover […]

How To Make Money Online Teaching Courses Through Udemy

For decades on end the process of teaching and learning has remained mostly unchanged. However, the Internet is slowly reshaping the way we learn. Gone are the days when you had to physically sit in a classroom in order to attain knowledge. The rise of e-learning websites has revolutionized the way people learn and Udemy.com […]

%d bloggers like this: