By George Reed on March 20th, 2017
In my 21 years in the freight industry, I have always tried to find new ways to make money for the family business. I find it fascinating to try and attempt a new idea and love seeing it come off, even more so when there is a great financial reward for my efforts.
The world is not changing when it comes to earning extra income, the days of going door to door to as a salesman no longer exist in the modern era. There has been another shift in how deals are done and how business is created, the business world is evolving and always continue to do so.
Online marketplaces have created a huge opportunity for people to earn an additional income, and sometimes we all need a way to earn some extra money. Here, at Installment Credits, you will find a few effective tips.
What Is An Online Marketplace?
Online marketplaces are now the new battleground for solopreneurs to acquire work. There is no need to walk the streets trying to hunt down new business by knocking on as many doors as possible. Your new audience will be clients from places all across the world.
Are you familiar with marketplaces? The best examples for freelancers looking to earn an additional income would be sites such as:
These types of websites have created extra wealth for a lot of individuals, who have worked very hard to earn themselves an extra income; some people using these sites are now earning 6 figures a year.
It is not just a case of signing up and watching the money roll in – you need to have skills and expertise in the area’s that you are selling your services, for example, content writing, ebook cover design etc. You also need to try and stand out from the crowd.
These marketplaces are very busy places and it can be difficult to be awarded jobs when you first sign up, as you have zero feedback. But don’t let that put your off, everyone on the site who is doing well now started with zero feedback.
How can you grab some opportunities when you first sign up?
- Create an excellent user profile
- Upload a professional photo of yourself
- Show examples of previous work
- Confirm that you are prepared to over deliver
- Be prepared to work for low pay at the start
- Promise to deliver on time every time
- Always respond to any questions from interested parties in a timely fashion with detailed answers
It can feel like a chicken and egg type scenario when you first sign up to a marketplace, but if you put in the hard work you will be presented with opportunities. Remember, as with all money earning ideas, it tends to be a marathon, not a sprint.
These marketplaces not only create opportunities for solopreneurs to earn some extra money for themselves, but they have also created opportunities for people looking to save money in a number of different areas. If you wonder how to save a certain amount of money, read this article.
For example, if you wanted an ebook cover designed before the invention of these types of websites you would pay a lot of money to have a cover designed. Now through sites such as Fiverr you can purchase a cover for your new ebook for as little as $5! The same applies to content writing, logo design etc. The list goes on and on for the services that you can now purchase. The savings that can be made are substantial.
Anyone can have success with earning an additional income on a marketplace, I managed to do it and so can you. I will now run through how I was able to earn extra revenue for the family business.
I have earned money from various ideas but one of my most profitable encounters was after simply entering the phrase “shipping auctions” into Google. It helped me discover what was at the time a new website by the name of Uship.com. My immediate thought was “WOW!”, how had this idea not been thought of before? And why had I not thought of it?
The idea behind the website was basic but very effective – basically, if you are looking to ship a car, motorcycle, boat or personal effects, you enter the items details into the site along with where you would like to ship the item to and from. And then sit back and wait for freight forwarders such as me to make bids on the consignment, the person placing the items, the shipper, then accepts the bid which they find to be the best for them. Of course, normally this would be the lowest financial amount that has been bid. It works very easy!
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My Story Zero To £45,000
I started placing bids on vehicles and cars that needed to be moved across Europe and to/from the USA as that is primarily the routes we cover in the family business. It took a few bids to get going but before I knew it, I started having bids accepted on a regular basis.
The whole process was easy enough, I was not really doing anything different to what I would normally do in my everyday job routine, bid on an item, hopefully win the auction and get the item to its destination in the quickest time possible. Speed and great customer service are imperative for winning business on online marketplaces.
The first job that I won the bidding on was to ship a motor vehicle from the USA, the owner was a little apprehensive in using my services as I had zero feedback. That is understandable, so it was very much a chicken and egg situation.
I needed to win jobs to be able to receive good feedback from a happy client (as long as they were happy with my services, of course). Luckily for me the owner of the Saab showed faith in me and we shipped the car across without a hitch, he then kindly left me 5 out of 5 stars with a glowing review and this helped me tremendously when bidding for future shipments.
Customer service is key to building up any new business and it is even more important when struggling to build up your reputation, and when using an online platform in order to earn an additional income. Word of mouth travels fast online.
My average overall score was also 5 stars out of 5.
In total, I won bidding on 65 Jobs and this was great for me!
Even more success was to come: a few of the people, who I had done work for, were companies (and not individuals) and started to become repeat clients. They started recommending me to other companies that were looking to employ a freight forwarder. This had an amazing knock on effect – I probably then got an additional 100+ jobs in!
All in all, I probably earned at least £45,000 from using an online marketplace. It has been a huge success for me and has helped me build up the business, create great working relationships and opened up new doors and opportunities for me.
Try something new: if you do not succeed, do not think of it as a failure. Think of it as a learning experience to help you do something better next time. Keep trying hard and when the door opens to a great opportunity, make sure you step through it and make the most of it.
Author Bio: Jamie Hill has been involved in the freight industry for over 21 years. Jamie has also published 7 books on Amazon and owns the website MoneyEarningIdeas.com