Engaging in online service reselling is an exceptional way to generate income without the need for traditional employment.
This business model, also known as service flipping, involves purchasing services at a lower cost and reselling them at a higher price, allowing you to profit from the difference.
One of the most enticing aspects of this business is that it requires no upfront capital. Unlike traditional businesses, you receive payment from your clients before procuring the services from a service provider.
Service flipping is particularly well-suited for young adults seeking to earn money from freelancing without performing the actual work themselves.
There are several ways to earn money online by selling products or services. Here are a few options:
Start an online store: You can create your own online store and sell products that you make or source from other manufacturers or wholesalers. You can use platforms like Shopify or WooCommerce to create your online store and use social media or paid ads to drive traffic to your website.
Sell on existing online marketplaces: You can sell your products or services on existing online marketplaces like Amazon, eBay, or Etsy. These platforms already have a large customer base and can be a good option if you are just starting out.
Offer freelance services: If you have skills like writing, graphic design, web development, or social media management, you can offer your services as a freelancer on platforms like Upwork, and Fiverr.
Create and sell digital products: You can create and sell digital products like ebooks, courses, printables, or software. These products have the advantage of being low-cost to create and distribute and can be sold repeatedly without the need for physical inventory.
Offer online coaching or consulting: If you have expertise in a particular area, you can offer online coaching or consulting services. This can include services like business coaching, life coaching, or financial planning.
Regardless of which option you choose, it’s essential to research and understand your target audience, the demand for your product or service, and the competition in your niche. You can earn a good income by selling products or services online with hard work, dedication, and a solid marketing strategy.
How to Resell Fiverr Gigs
Before you begin offering your flipped services to the general public, you must first complete a few steps.
Open a Fiverr account
This is the first and most basic step. Open a new Fiverr account via this link in order to get 20% off from your first order. It only takes a few minutes to create an account. You don’t have to be overly cautious when creating your profile because you’re registering as a buyer.
Select a Niche
It’s mind-boggling how many freelance jobs you can offer. On Fiverr alone, there are dozens of subcategories spread across eight categories.
However, when it comes to reselling, some jobs perform better than others. Jobs that can be easily resold must meet certain criteria.
- There must be a reasonable amount of demand.
- The supply must not be oversaturated.
- It should be possible to buy it for a lower price and sell it for a slightly higher price.
- There must be some sellers who have over a thousand reviews.
- It is preferable if an order does not take too long to complete.
While these criteria may appear to be extremely difficult to meet, some categories and subcategories of services fit in perfectly.
They are, however, fairly simple to make, and someone who is used to doing them can complete an order in a couple of hours.
However, training for this job takes more time than most people are willing to invest, so supply remains relatively low.
Some of the best Fiverr gigs to resell includes:
- eBook formatting
- eBook writing
- eBook cover design
- Article writing
- Voice over acting
- Producing explainer videos
- Translation
- Design of advertisements
- Writing sales copy
- Logo design
- Subtitling
Select a Platform
Following that, you need to make arrangements for a platform you will use in delivering your reselling services. You’ll need a website on which customers can place orders. There, you can offer a variety of services with numerous variations, as well as get the offers you want to sell.
WordPress
Creating a website for the reselling of Fiverr gigs on WordPress will cost you a few bucks but this is the best way to make the most profit from flipping services. With a WordPress service website, you have complete control over the monetization of your business.
WordPress.org is the best website hosting platform. You will need to pay for a domain name and web hosting. Bluehost is an excellent choice for this.
After downloading WordPress from your Bluehost account, you need to create a few essential pages for your website, such as your offers, contact page, privacy policy, portfolio page, blog, terms of service, and so on. You can do this yourself or get a full professional drop servicing website built for you for cheap on Fiverr.
Upwork
You can also use Upwork as your gig reselling platform. That is, you can sign up for Upwork and offer your services. When you get a client, you can delegate the work to your freelancer on Fiverr.
This entails profitably flipping Fiverr gigs without creating a website for your business.
