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How To Be a Middleman Online | 7 Lucrative Strategies
Do you want to know how to be a middleman online and make great income? If yes, this is the article for you! We take a look at 7 lucrative middleman business ideas you can use to make extra money online. Some of the middleman business examples we discuss are local lead generation, Amazon FBA wholesale, and Shopify dropshipping. One of the below middleman business models even allows you to earn up to a 70% profit margin!
You can make money as a middleman because you provide a valuable service to society. You play a vital role in the exchange between two parties and so are compensated for your participation. Just look at how well traditional middleman jobs like a stockbroker or real estate agent get paid. Those are some of the highest earning jobs around! So, are you ready to learn how to be a middleman and make money online with just your computer?
1. Lead generation
Lead generation is an online middleman business model where you connect businesses with the human prospects they are looking for. Usually, a lead generation business charges businesses to provide them with high potential customer leads. However, lead generation can also serve businesses by finding talent. Lead generation is a great opportunity that provides legitimate value. You bring the expertise of attracting and qualifying leads for a business so they can put more focus on their product or service.
A lead generation agency can be especially lucrative, with some agency owners like Anthony Sarandrea generating over $100,000/day! Common methods lead generation businesses use to charge clients include:
- Cost per lead - You charge clients based on the value per lead and quantity of those leads you provide for the business. The cost per lead usually ranges between $40 to $200, according to Click Funnels.
- Retainer - Charges the client a fixed monthly fee for comprehensive lead generation services like driving traffic and building out the sales funnel.
- Bulk data - Using a website to generate leads and then selling a bulk chunk of those leads to a business. These leads are usually less qualified, so this demands a cheaper price tag.
- Cost per appointment - Here you charge the business based on each actual appointment. Since these leads get salespeople directly in front of the customer, they usually demand a higher price tag.
Paid traffic vs SEO for lead generation
Lead generation agencies have two options to attract leads online. You can either use paid traffic sources like Facebook ads and Google ads, or use the free method of search engine optimization (SEO). Using paid traffic for lead generation, like Abdul Farooqi and Chance Anthony Welton teach in their Modern Millionaires course, is the quick way to start generating leads and making money. However, you actively need to be adjusting campaigns to continue generating leads and also to ensure you remain profitable in the highly competitive landscape of paid advertising.
On the other hand, although using SEO requires more time to start making money, it allows for easier long term management and even passive income once the website is established and generating leads. Generating leads with free traffic is what Dan Klein teaches. In fact, Dan taught Chance & Abdul how to do lead generation in the first place!
Why choose local lead generation?
Local lead generation is a middleman business model that takes SEO lead generation a step further. Instead of trying to compete with everyone on the internet as general SEO does, you use local SEO to focus only on one specific geographic location. Local SEO makes it much easier to get your lead generation website to appear on the first page of Google so potential leads can find you. Then, you sell those leads to a local business in the area where your website is ranked for hundreds to thousands of dollars per month.
Local lead generation is how you make money long term as a middleman. Once you get a website to rank locally, it's like a piece of digital real estate that generates recurring revenue for the long run.
2. Amazon FBA wholesale
Amazon FBA wholesale is how to be a middleman on Amazon by purchasing products in bulk from suppliers and selling them to customers while leveraging Amazon’s advanced logistics systems. The wholesaling business model is very popular among Ecommerce sellers because of its high profit margins. A wholesale business can make between 10% to 50% on each bulk order, according to Helium10. When you run your wholesale business through Amazon FBA, you outsource fulfillment to Amazon. With Amazon FBA wholesale, Amazon handles:
