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How to Generating $750 per month online without startup capital in 2024
Generating $750 per month online without startup capital in 2022
If you are among the many individuals asking if it's possible to earn money online without any investment, worry no more. This piece could provide useful information for you as I will be sharing a strategy on how to make $750 per month with zero capital required.
It's evident that many aspire to commence their online business, however, lack the necessary funds to embark on their journey. Lucky for you, I will dispense some classified tips that can aid in generating revenue without investing a cent.
Retail Arbitrage is a method that caters to all individuals, whether you're a student or stay-at-home parent seeking additional income. It's also suitable for those who wish to explore side jobs and earn respectable earnings through this approach.
You may have come across this term online, but I presume you are uncertain about how to proceed and generate income from utilizing it.
Can you define Retail Arbitrage?
Earning money through buying a product at a lower cost and reselling it for a higher price is just one method. This generates profit, enabling you to make money in the process.
I understand that you may be curious about how this can be free, considering the definition specifies a prerequisite purchase. However, as a beginner, I will demonstrate how to achieve this for free without needing to buy anything.
Despite lacking funds, you can utilize these two tools to generate income through Retail Arbitrage.
Jiji.com can be visited.
Jiji.com is an online platform for digital marketing that offers a vast collection of products, ranging from phones to food supplements, clothing and cars. In essence, users can either make purchases or advertise their products on the website.
Please keep in mind that you cannot begin making purchases until further notice. However, I will instruct you on how to behave as a sales representative between the product owner and potential buyer on Jiji.
To identify your target audience, simply conduct research on those who already follow you. This could include individuals in your WhatsApp or Facebook/Instagram networks and Quora followers.
I strongly believe that irrespective of your location across the globe, you can easily reach out to one or more social media platforms mentioned above. Kindly drop a comment stating where you are presently reading this from as it would aid me in creating and publishing articles geared towards assisting individuals like yourself make money seamlessly within their respective regions.
Instead of investing in expensive social media ads to promote your business, consider leveraging your existing audience. Your family and friends could be potential buyers of your products who can help you make some initial revenue without spending money on advertising.
After completing your audience analysis, it's highly likely that you'll identify one or more issues or requirements which require solutions for the audience.
Example: As the new year season arrived, children were granted a few days off from school, leading them all to return home. With their impending return to schooling soon approaching, it is evident that parents will prepare for a "back-to-school" shopping excursion with their kids. This leads us onto the next topic at hand.
2 Ways to Identify the Top Selling Product
After identifying a product that is likely to be bought by most of your target audience, examine the essential items which they require. In our case study mentioned earlier, we can consider "footwear" as an indispensable necessity for all parents when it comes to their children.
Before I proceed, kindly confirm in the comment section if Jiji.com is accessible in your location. Afterwards, head back to Jiji.com.
Upon reaching the Jiji home page, input "Back to school" shopping into the search bar.
After completing this step, a selection of items within the same category will be displayed. Filter through these options and prioritize those with superior quality alongside cost-effectiveness.
Once you have made a decision, contact the seller of your chosen item to verify its availability and authenticity. If everything checks out, take advantage of the opportunity to bargain for a lower price on Jiji. With luck, you might be able to snag yourself a discount!
Should you come across a pair of shoes that costs $70, try negotiating with the seller for a lower price. Assuming they agree to reduce it to $50, you could then potentially sell those same shoes for either $90 or even up to $100.
By applying this strategy, you can generate a gain of $40 or even $50 for each pair of shoes sold. With the possibility to realize up to five transactions regarding that item, your earnings could mount up to an amount as high as $250 per week. Consequently, endorsing these commodities through your social media channels may yield profits reaching around approximately $750 monthly!
Suggestion: It's advisable to begin with your current audience since they already trust you and can pay in advance before you buy the Jiji item on their behalf.
If customers wish to have the item delivered, it would be appropriate to apply a delivery fee.
I trust that this article has provided valuable assistance to you. Remember to share your feedback once you've given the method a try and feel free to pose any inquiries in the comments below; I will address them promptly.
I would like to kindly request that if you find this article helpful, could you take a few minutes of your time to check out my website and follow the blog? By doing so, I will be able to update you on new content in future articles. Thank you for reading and hope we see each other again soon!
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Digital Marketing