Offshore Arbitrage
Posted by Jason Barrett | Posted in Arbitrage, Make Money | Posted on 08-29-2011
Tags: arbitrage, elance, make money, money making ideas, odesk, offshore, offshore arbitrage, textbrokers
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Here is an easy way to make money. In fact, several big businesses have already caught on to this long ago. Now it’s your turn. The idea is offshore arbitrage.
What do I mean by offshore arbitrage? I mean simply, buy resources offshore and sell them here in the US for more than they cost. This is very straightforward and seems a bit too obvious. If this is the case, then why aren’t more people doing this?
Go to any website where people are looking for work and see what they are willing to pay. The work I’m talking about can really be anything, but some ideas are copywriting, web design, web development, SEO, link building, virtual assistant, ghost writing, etc. The next step is to see what that same type of activity can be purchased for from an offshore resource.
Where do you find an offshore resource? Look into Elance, oDesk, TextBrokers, and sites like these to find options. Go onto those sites, post your job, and then watch as multiple offers come streaming in for the work.
Essentially you need to think of yourself as a talent broker. You find the work that needs done, then you offshore it to a capable team for less money than you are charging. You pocket the difference and enjoy!
Here is an example. Find someone who is willing to pay for a new website or a website redesign. Let’s say they are willing to pay $10,000 to complete the job. You win the contract. You then proceed to subcontract the work for $2,000 using resources at Elance. Now you are sitting pretty with a little extra money in the bank.
As with several of these money making ideas, you have to supply a bit of the brain power. This is the idea, you add your own twist and expertise to the mix and run with it.

