So I have long been fascinated with the concept of Arbitrage! According to Wikipedia, arbitrage is the practice of taking advantage of a price differential between two or more markets.
I first became aware of arbitrage with Google. I am sure you have all come upon a website that uses the arbitrage model – they are the ones with nothing but adsense links on them. Basically with this model if you pay $1 to get a click through on Google and you can sell that click through to someone who will pay $1.10 your arbitrage amount is $.10. Money for nothing and the clicks are free!!!!
Well a while ago Google said that they would not allow that kind of advertising anymore so the scammers started adding fake articles to their adsense sales sites…and then playing the arbitrage game.
What if all the people who were spending all this time to scam the system used their powers for good rather than evil? Could we solve the economic crisis with a click through process, cure cancer or even end world hunger?
When I think about arbitrage (which I do with somewhat of a frequency), I also think about how to get free money or leads. Since I am a licensed Realtor in the state of Florida, I can make money for nothing. If I give a referral of a buyer or seller to another Realtor they will pay me a referral fee for bringing them a client.
I can also get free money for referring products or services I believe in. Some of you may have noticed the new banner about email newsletters, I recommend AWeber to anyone who asks about an email service, if you click on the banner and buy I get a little money. I will NEVER have stray and random ads on my website BUT if there is a service I use and recommend and I can get money for sending them leads – more power to me!
The way to get this kind of money is to sign up for a company’s affiliate program. This means that they will track the sales that come through your link and then pay you a small amount based either on the sale price or just for sending them a lead, these things vary.
You can even benefit from free bennies like the points program on Active Rain (a real estate bloggers website). If you go to my site Marketing Artfully and look on the right hand bar, there is a place to sign up for Active Rain. I get 10% of the points that anyone who signs up through there receives. Zoinks that is nice!
Does your business have any natural friends? Can you add to your users experience by recommending great products (and gaining a little income?) Do you have any way of cross selling your products to someone who may have a complimentary database?
All these things are easy to set up and do – afterwards you just wait for the checks to roll in!
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