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How To Start A Side-gig That May Give You A 6 Figure Side Income - No-loss-bids - Business - Nairaland

Nairaland Forum / Nairaland / General / Business / How To Start A Side-gig That May Give You A 6 Figure Side Income - No-loss-bids (102 Views)

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How To Start A Side-gig That May Give You A 6 Figure Side Income - No-loss-bids by grabdbull: 4:51pm On Aug 14
Everyone who is old enough to earn money knows that it is always wise to have several sources of income. The issue is that most people do not have the luxury of time to man more than one or two sources income at the same time.

So any business that requires as little time as possible; is not too risky; and may not result in losses is always a welcome avenue for most people.

For me, the added opportunity to learn something new is the topping on the cake.

On this thread, I will talk about how to start a side business that:

Is not saturated like blogging;

Requires only a little time daily;

Has limited risks;

Has a dedicated community;

Favors early adopters.


We will consider the pros and the cons.
Is it for real, and more importantly, is it sustainable?


fundscheap.com/cheapest-business-to-start-part-time
Re: How To Start A Side-gig That May Give You A 6 Figure Side Income - No-loss-bids by nopoverty(m): 8:11pm On Aug 14
adomu2018@gmail.com

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Re: How To Start A Side-gig That May Give You A 6 Figure Side Income - No-loss-bids by grabdbull: 9:43am On Aug 15
So the first question will be: How do the auctions even work?


It uses a penny auction model, but in this case, no losing bidder loses money.

This post simply shows how the no-loss-bids auction process ensures that both the NLB auction website owner and his users are all winners.

So what’s the process?

An item is listed for auction.
A user clicks “Bid”.
(Each time a user clicks "bid", he spends one bid. Remember that each bid costs N20; this will ensure that only serious bidders engage in contesting for an auctioned item.)
The price of the item increases by N0.01k only, or a pre-set value.
Another user feels he can pay 1Kobo more and also clicks bid.
The price rises by N0.01k again.
The process continues until nobody outbids the last person.
The last bidder has now earned the right to pay for the product at that discounted price.


Continued below....

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