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.

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