One way in which many enterprising people have taken this further is by
offering services
such as writing to other webmasters, and then farming the work out at a lower price to people, often in
Third World
countries, at a lower price. This form of arbitrage may on the face of it seem somewhat underhand, but in reality the arbitrageur is merely selling at a higher price the work that he has personally done to isolate and find the people who can do the work at good prices, to the required quality. Yes, the final consumer could probably find the same people by trial and error, but it would take a lot more time and money than simply going to the arbitrageur, and paying the higher price.
That is why this form of arbitrage service is a valuable, ethical service that benefits everyone concerned. The risk involved in setting up such a service is minimal, provided that you can find these quality writers yourself. You will need to find several options for each type of writing, and even be prepared to do some of the work yourself as a last resort.
When considering possible ways of making extra money, it is much better if you can afford to take a long term view. If you are desperate, there is a much greater risk that you will make an ill informed choice that you will regret later, or even become involved in one of the notorious scams which abound. One of the first points of consideration is whether you are looking to your way of making extra money as a potential future career, or whether it will always be just a way of making extra money to top up a steady job or an existing business.
One way of making extra money that is free and very easy to set up is to use the social networking site
Squidoo
.
Squidoo has one big advantage over many of the other social network sites, in that it is friendly to marketers. Many of the other popular social networking sites are actively hostile to marketers, and some have even been taking legal action against marketers who violate their terms of service. With Squidoo, marketing is encouraged, even affiliate links which bypass the revenue sharing schemes which benefit Squidoo!
Setting up a Squidoo lens for the purpose of making extra money couldn't be easier. Squidoo is completely free to join, and the system of 'modules' makes it easy to structure your lens in the exact way you would want to. Even somebody who has never built a website before will have no trouble constructing something which looks quite advanced. In terms of making money Squidoo makes that easy by having specialist modules which link to household names such as eBay and Amazon. This is because the revenue from these modules is shared between the lensmaster and Squidoo.
With Squidoo you have total freedom, however, and you can add modules which link to affiliate programs, or to your own websites. The other great feature of Squidoo is that it is highly favoured by Google, and many lenses are showing up on the front page of the
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