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Believe it or not, there are quite a number of people who would buy websites that do not contain anything. These are website shells also called turnkey or starter sites. These websites generally either have very little content or have only “starter content” or absolutely no content.
All of these are in demand as turnkey websites. The idea is for somebody to buy them and just pump traffic to them and make money off the ads or their mailing list. The reason why people buy this type of asset is because they simply do not have the time or expertise to create a new website from scratch.
When you place orders with different Fiverr service providers for website development or WordPress installation, you tap into different sources of talents of the different sources that you need to put together a turnkey website.
You then spend very little money putting together this turnkey website and then you sell it right after you have put in enough content, or in many cases, no content at all. This is actually quite lucrative if you know where to sell.
If you want to figure out the secret of how to make money off Fiverr using this technique, click here.
Bundle services and sell sites with traffic
This technique basically builds on the previous technique. You contact many different cheap service providers to develop a turnkey site. You got somebody to design the banners and the headers. You get somebody to install the WordPress theme. You get another person to write the content. You get another person to modify the theme. You then put everything together and you stock it with content. There are plenty of writers and video producers and audio developers on Fiverr. If you’re looking for content, Fiverr is the place to go. This is especially true if you’re looking for affordable custom content.
Once you have stocked your turnkey site with content, the next step is to go to the traffic providers on Fiverr and hire them to work their magic. All told, expect to spend less that $200 to $300 on this project. If everything goes well and your turnkey website actually generates a little bit of cash, you can flip that website to sell for possibly hundreds if not thousands of dollars.
It all, of course, depends on your niche, target audience as well as the overall quality, traffic volume and conversion ability of the turnkey asset you have built. If you want a blueprint on how to do this right so as to actually make a profit, click here.
Buy services that help you buy re-sellable high value assets
There are many online assets that can fetch quite a bit of money. I am, of course, talking about domain names. Did you know that domain names like sex.com, business.com, shoes.com and many others fetch not hundreds of thousand of dollars but millions of dollars.
Domain names are big business. Even if you were to buy and sell lesser value of lesser known domain names, you can still make quite a bit of money. In fact, if you buy the domain name of a website that has expired, it can fetch you 4 to 6 figures. Amazing, right?
Well, there is a mature and stable market for online assets. We’re talking about links from expired domains, the actual domains itself or specialized data like contact information of decision makers in companies in certain industries.
People will pay very good money for these assets. The obvious problem is how do you get your hands on these assets? That’s where Fiverr comes in. Fiverr has a lot of virtual assistants, a lot of people who know how to use all sorts of software. You can tap this massive base of gig sellers to hire people to find high value digital assets for you.
Of course there is a conversion rate here. You may pay somebody $50 to find 1000 domains. It turns out that of those thousand domains, 10 are any good. Of those 10, you’d be lucky if anybody would pay good money for, at most, 2.
Still, if you have paid $100 and your 2 domains fetched $5,000, you’re a happy camper. In fact, if they fetched $150, you still have reason to be happy. How come? You didn’t do the work yourself. You hired somebody else to do it. The only thing you risked is your money.
All the heavy lifting and analysis was done by somebody else. You’re still making money. You made 50%. You can then scale this up. You can hire more service providers to turn up more digital assets and then you can turn around and sell these to even more people.
There are actually mature businesses based on this business model. To know the inner workings of this Fiverr based business model and to avoid common mistakes and money losing traps, click here.
Resell cheap Fiverr services at other higher value locations
The old saying of buy low and sell high is never going to lose value. It was important and valuable yesterday. It continues to be important and valuable to day. I suspect that this will remain the case long into the future.
If you want to make money, you need to generate profit. It’s impossible to generate profits when you buy something at an expensive price and sell it at a lower price. Where are you going to get your profit? It’s impossible.
It’s all about buying low and selling high. This is the principle behind reselling cheap Fiverr services at other higher value platforms. Believe it or not, there are people making solid money buying services from Fiverr at $5 a pop and then placing ads on higher value freelancing platforms.
Please understand that the order volume usually tracks pricing. This is just a fancy way of me saying that when you charge a very low price, you’re going to get a lot more customers. If you charge a high price, you’re going to get less customers, assuming you get customers at all.
With that said, there are certain platforms that tend to attract people who either don’t know any better, are absolutely clueless about Fiverr or are willing to pay a premium for a job quickly done right. whatever the reason may be, you just need to find these other places.
They can be other classified websites. They can be blog comment sections. They can be forums.
They can be message boards. They can even be specialized places or groups on social media like Facebook groups.
The possibilities are actually endless. Regardless of where you advertise, the key is to stick to the iron rule of buy low and sell high. This is easier said than done because you can’t price whatever service you are selling at a slight margin. What do I mean by that?
You have to compensate yourself for your time. You sitting down and checking out Fiverr and sifting through the many different gigs on offer takes time. It definitely takes focus. Insist on getting paid for this.Other Details
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