How to Make Money with OLX.COM.NG
How to make money on olx.com.ng site in Nigeria or any other place that OLX is available.
Do you want to learn a new tip on how to make money online? It is of note that there are lots of ways through which one can make money online; these include affiliate marketing, domain resell, selling of e-products, placing of ads in blogs/website, etc.
Today, I am going to share with you a new way to make money online using the OLX platform but before I do that, I will like to explain to you what OLX is and who manages it for those that don’t know.
OLX (short for online exchange) operates local online classifieds marketplaces accessible through the internet and through native apps on mobile phones. OLX operates in 40+ local countries with offices and local operations in Brazil, Argentina, India, Indonesia, Portugal, Poland, Romania, Hungary, Bulgaria, Switzerland, South Africa, Kenya, Nigeria, Thailand, Philippines, Pakistan, Kazakhstan and others.
Originally founded in March 2006 by Internet entrepreneurs Fabrice Grinda and Alec Oxenford, OLX is now owned by global media and digital company Naspers.
I know most of my readers must have been seeing OLX ads in search engines, television, websites, etc and might be wondering the authenticity of the program or how it works.
OLX is offering you a FREE platform where you can sell any old stuff you have and wish to do away with or a new stuff you don’t like or a gift given to you but you do not wish to use. With OLX, you can sell something as little as your radio set or as big as your house or car or even a company.
OLX gives everyone the opportunity to make money online from their old/new stuffs and you keep the whole commission.
Do not ask me how OLX is making their own money but if you wish to know, after reading this article, comment below and I will tell you different ways OLX can make money from there site.
Another nice thing about OLX is that it works with your locality. What I mean is that, when you want to post an offer, you have the choice of choosing the area you are or want to sell your stuff in.
This will help both the buyer and the seller to;
- Meet one on one
- The buyer will see what he is about to buy
- The seller collects cash
Now coming to the main TOPIC of how to make money with OLX;
I will show you a method I have been using to make money in OLX. It is very simple; I buy products I believe are hot cake at a low price and sell at a higher price. It is that simple. I noticed this way of making money when I was in need of a bold 4 blackberry phone. Now am not a fan of blackberry but I needed this phone for an urgent personal use to try out my new findings on something. So I decided to get a used phone. Ordinarily, I don’t like used products because of issues that might be associated with them. But I learnt a very important thing in this process and it has been working for me.
Here is how my success in OLX started. I went to http://olx.com.ng, registered with them and choose my location, and then I searched for the item I wanted to buy (bold 4). I saw a lot of blackberry bold 4, the sellers, the day they posted the item and their contact. So I decided to call the sellers and ask about the item in offer and if it has issues. To my amazement, most of the people I called where giving me the “I have sold it” and “sold” responses. And if it might amaze you like I was, the items were posted less than 3 days ago. I heard to choose another location closer to where I was and searched again. This time I was eventually lucky after the usual “I have sold it” response. I found one who just put his phone on offer for #8k. I negotiated with the guy but he insisted on the price and I arranged for a meeting the next day.
We met the next day and I saw the phone and it was in good shape, everything was working perfectly. I asked him why he was selling his phone considering the good shape of the phone and he responded that he needed money and that he has more than 2 phones and decided to sell one. I took the phone home and made use of it for what it is intended and after which I decided to sell it back after serving its purpose as I am not a BB fan. Ask me how much I sold it and how long it took. I sold the phone for #12k. That is a profit of #4k. I sold the phone within 2days of listing and was now the one telling buyers “I have sold it”. It then dawned on me that this can actually be a business opportunity.
I decided to use the money to buy 2 items from OLX at a cheap price, collected them and immediately re-list them for sell. The two items sold after 5 days and I made another #4k in as my gain. I decided to be adding just a little gain so as to be selling fast.
So you see how you can start making money online without much hustle.
NOTE: Always make sure you are buying authentic stuffs (ie stuffs that are not stolen) and make sure that they are in good shape.
Some people have actually sold their items in less than 15 minutes after listing
How To Raise Money To Start You May Ask
Check your house, there are stuffs that you do not need or think is of no value to you again. You might think it does not have value but someone, somewhere is looking for that thing to purchase at a good price for a reason like mine. Put it in OLX and give it a try.
In Conclusion
Be Creative, Be Smart AND Be Sensitive whenever you are opportune to see a new thing or encounter something weird. It might be an opportunity of a life time and if you are not sensitive enough, it will pass you buy.
I forgot to tell you that the day I went to meet the guy I bought the bold 4 from, I had to wait for him for a while. When he came, he apologized to me that he was just coming from a meeting with a buyer that bought his dog. He was delayed because the guy started renegotiating his dog down but when he refused and wanted to leave the guy paid.
So my fellow entrepreneurs, the ball is now in your court. Want to make some money, sell some old stuff.
UPDATE: HOW OLX MAKE MONEY
From the statistics of search engine visitors to my site seeking information on OLX, 57% of the visitors keyword was related on information on ‘HOW OLX MAKE MONEY’. Until recently, OLX was not making any money from its site. They were only spending on ads and TV commercials. But I noticed this January 2015 when I was uploading a Treadmill that I want to sell that www.olx.com.ng now run Google AdSense ads on its site.
They will be making good money from this ads considering the traffic the site drive. So now you know how OLX make money.
If you think this article benefited you or will benefit your friend or family that is looking for a way to make some extra cash, show them some love by sharing using the social buttons below. Peace.
Also Read:
- How to Discover Your Purpose
- Causes of business failure
- Financial prosperity
- Business Lessons from Warren Buffett
- Startup Lessons for Young Entrepreneurs
- Principles of Entrepreneurship
- How to Make Money Online with oDesk
THANKS MY BROTHER,I LIVE IN AGBOR TRYING TO RELOCATE TO A FAR STATE,I WANT TO SELL MY HOME USE APPLIANCES,LIKE CHAIRS,GEN.,FOAMS,TV SET,3 IN 1 PRINTER ETC
You can easily sell those stuffs on OLX. Sign up and post the items you want to sell, the images, prices and your location and you will be amazed the kind of calls you will start getting withing hours of listing your items on OLX.
Signing up on olx.com.ng is easy and non-techy.
Please do share your experience after sales.
Have a great day.
I most say ur doing a gud job,pls can u throw more light on how to register and sell on olx.
Thank you Moses for the compliments.
Registering on olx is very easy. Visit olx.com.ng and click on register at the top right side of your browser.
Fill in your details, using your current accesible email and visit your email for confirmation.
Once you register, you can be able to upload items you want to sell.
How to upload
1. Click on “Sell Your Item” at the top of the site.
2. Choose category of what you want to sell (e.g To sell Blackberry phone, choose mobile phone category)
3. Upload the exact picture of the item, item title and description
4. Update the price you wish to sell
5. Indicate if the item is used or new and if you are selling in your name or representing a company.
6. Your contact information (Very important as the buyer will contact and meet you directly, no middle man. So it is always advised you put your location so people from your location can easily access and buy from you)
7. POST
That’s all and your item will be online.
Always keep your phone by your side cos hot products attracts many buyers, immediately as it is approved.
Cheers.
Francis N.
Tell me how to go about it
If you read the post carefully you will understand how to go about it. I used a practical example to explain.
Thank you.
Francis
Does it apply for OLX in other countries too? I am from India but I haven’t tried these kind of sites. So do you advice it for people from all over the globe?
Thank you
Hello Michael,
Yes, I advise entrepreneurs from all over the world to tap into the opportunity. OLX operates with the same ideology from all countries. From my findings, I believe OLX in other countries are only franchise of the parent company olx.com now owned by Naspers which states the modus operandi of the company.
You can apply my teaching on “how to make money with olx”, following the exact steps and making sure of the quality of product you buy or sell and you will be earning extra cash from the platform.
I am eager to see OLX imputing a rating system in their platform. This will help buyers to rate the service of sellers, quality of product sold, thereby building confidence and helping sellers that promote good product to sell more.
Thank you for stopping by and do share your experience when you start.
Francis.
good day buyers I have a bride new Toyota car 504 please am looking for a buyer to buy it sheper price of it .and my number is 07065797537 pls call me am form anambra state
Don’t use it, Sell it. Lol. I kept wondering how olx makes money with all the advert campaigns yet they do not advertise in their own site. Nice info Francis. Have been selling some of my old stuffs in olx. Meanwhile, selling stuffs we do not use again affect the poor that would have benefited from them as gifts. All the same, nice info.
Nice one Ifeoma. Thanks for stopping by.
How olx make money?
Nice write up Francis, one can easily make money with OLX as you have rightly said but it all depends on Location. I believe you are living in Lagos or one of the highly populated place in Nigeria where people are more enlightened about the Internet, someone like me here in Ibadan will not easily get a buyer nearer to my location, but all this,its a nice strategy. Thanks for Sharing
Hi Prince, thanks for stopping by.
OLX can work anywhere even in Ibadan. I have visited the city and am aware it accommodates a number of higher institutions and also well populated. I reside in the FCT and not Lagos. You can make extra cash buying and selling with OLX. The company is already doing the media publicity, all that is left to you is to take advantage.
From my write up, you should make sure you ascertain the quality and security of what you are buying, know the market value and if you can make a profit from it. You can buy stuffs that students will want if you are in a school environment. Francis