Tips for Social Media Arbitrage Newcomers

When you are new to the world of social media services, finding the right clients can seem like the hardest part of starting an arbitrage business. Here’s four quick tips on how to land those all important first clients.

1. Offer discounts for your first clients.

Be willing to “flip” services cheaply for your first few customers! If this means only charge $20 and paying out $10 for a quick job, it can be worth it to get your foot in the door.

2. Think outside the box.

Don’t restrict yourself to the big freelance sites when looking for customers; check online classified want ads and Craigslist, and even troll Facebook looking at Business Pages with lots of activity but low Follower numbers and offer to get them a bunch of Likes for their page.

3. Budget your time.

The whole point of arbitrage is getting others to do the work while you pocket the money for being the middle man. If you spend six hours managing a job that you are only making a $40 profit on, you just turned your hourly wage into minimum wage. Where’s the fun in that?

4. Don’t put all your eggs in one basket.

Find at least three different vendors you can trust for each platform. That way if something happens to one of them, you have a backup in place. Nothing is worse than missing deadlines because your “Facebook expert” got in a car accident or your “Twitter guru” caught the flu.

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