Arbitrage Elite is a product by Diego Duarte that analyses various sites where people commission projects. It then helps you outsource these for a low price so you can pocket the difference.
What does the product offer?
Arbitrage Elite is a piece of software (note that the software is only Windows compatible making this a no go for Mac users) that scans the databases of sites such as craigslist, Odesk and Elance based on keywords that you search for. Creator Diego Duarte then says that Arbitrage Elite then finds people who offer these services on Fiverr as well.
How does the product work?
Once a potential client and service provider have been found you can then contact the person or business offering to complete the work for them. The idea is that you then go to the user on Fiverr and commission them to complete the task which once completed, you send back to the person who is paying you. The difference between the costs is referred to as arbitrage (hence the name) and you can, according to Diego Duarte, make a lot of money exploiting this.
What is the initial investment?
Arbitrage Elite sells for an allegedly limited time at $30.45 for the pro version which covers all three of the aforementioned websites. Diego Duarte says that eventually he will offer a basic package which only searches craigslist as well. If you are willing to share Arbitrage Elite with your friends on Facebook you can also expect to see an additional $3 discount bringing the cost own to $27.45. There is a 14 day money back guarantee in place should you be unhappy with the product.
What is the rate of return?
This isn’t really advertised anywhere on Arbitrage Elite but the model is sound enough and one I have seen in other products. There is potential to make income although quite how much is open to debate.
Conclusion
The fact that Arbitrage Elite can work is pretty much beyond reproach. The system works on a business model that a lot of big companies use successfully. As to the profitability of Arbitrage Elite, that is my big question. There are already a number of successful products offering this same service and my question would be whether or not there is really place for another person, and potentially a few more thousand people trying to target the same niches.
Personally, I’d try this sans software first, check out the viability of it and what not. If you think you can make it work then, then Arbitrage Elite should help you scale your system nicely.
