How To Start Drop Servicing Guide Introduction
Gone are the days when drop shipping was the only business model people were looking as highly profitable. Now the talk of the town is Drop Servicing.
You will surprise, here you sell services from Fiverr, Upwork and other freelancing websites for 2-6 fold higher the price it costs you.
OMG ! That’s
Here, you will learn exactly how to start your drop servicing business and so much more… Including my secret how I earn $6,000 every single month.
And I will tell you your money making niche
So, what is Drop Servicing? Drop servicing is a business where you sell services instead of physical product what people were doing in Drop Shipping.
Instead of doing the service yourself, you visit over to freelance marketplaces such as Fiverr and buy it for a lesser price. The difference between the two price points is your profit.
Let me give you an example here,
Say you got a client who wants to get video editing done from you and he is willing to pay you $100 which you quoted him. Now you will find a freelancer or any video editor who can do this job in less than $100, keeping your margins in mind. Now if you got a freelancer who does this editing done in $50, you will make a profit of $50.
No rocket science, Isn’t it ?
This process is also known as service arbitrage.
What Can You Drop Service
You can drop service virtually any service. I mean, all you are doing is selling the service for more than you purchase it.
- Animation Videos
- Music and Videos
- Graphic Design
- Web Design & Development
- SEO Services
I would recommend only focus on one niche at a time because it includes ad cost and easier to advertise yourself to the target audience.
Secret of $6,000 Per Month Through Drop Servicing
All good, but do you want to know my secret to $6,000 profit every single month?
My success mantra in this model is one that I have identified the service which will help business owners to grow and I could also get recurring business from them.
Exactly, they come back every single month.
You could be buying at $200 per month, and selling at $800 per month.
$600 profit per month. 10 Clients = $6,000 per month.
Remember, you aren’t doing the work.10 clients are easy to handle.
Now you would be asking what are the services that business owners would be interested in ?
- Social media management
Business owners pay for more business. That’s how business works.
Where Do You Find Services To “Drop Service”
I use these marketplaces because they are best in their service at minimal cost
I love fiverr because quality at fiver is superb.
Well there are others as well as
I don’t use them because they charge per hour and it makes a hell lot of complicated doing business with them and they are not cost-effective as well.
I would definitely recommend Fiverr. Trust me I am not an affiliate of Fiverr.
What Do You Need To Start A Drop Servicing Business?
Since you know how Drop servicing works. Let’s create your Drop servicing Business.
So here are the things which you need to start your business-
- Landing Page
- Payment Processor where you take payments
- Email Marketing
Let’s go Step by Step and build the business-
Step 1: Find A Service To Drop Service –
Let’s take E-book Business for the example.
Now go to Fiverr and check for the people who create e-books Here is a little checklist of things to look for:
- Find the gig ( that’s what they call for service in Fiverr) which has 4.8-5 Stars rating feedback.
- Should be giving you in 24 hrs delivery service.
Step 2: Build Your Drop Servicing Business
1- Landing Page or Funnel
Remember we spoke about Landing page or Funnel. Now Let’s create one
One which I use is Click Funnel
This is my favourite option. Why?
- One-click upsells to make you more money.
- Order bumps to make you more money.
- Powerful email marketing tools to help you sell to 1 client, multiple times.
- Low Cost
Using ClickFunnel is pretty much simple. Everything is automated and you manually do not have to do anything. You are good to choose anyone on google and find out what suits best for you. But trust me I am into internet marketing for 5 years and ClickFunnel is the best I found till now.
My Current Drop Servicing Funnel
Check out one of my current drop servicing funnels. You can’t see the domain, because else you can see where I am advertising with certain tools. I don’t want to drive the competition up as it is working pretty well right now for me.
The example below is with an extremely basic ClickFunnel and it converts so well.
I can buy this service for $50-$200 per month. Then I just use paid ads to advertise this exact funnel. Even if I spend $200 on getting a couple of ad trials, I am super-profitable.
Imagine how powerful this is?
2- Add Payment option
You can do that in ClickFunnel and add your payment account in ClickFunnel such as Paypal.
I would recommend using Paypal as this is widely accepted and trusted one.
Step 3: Promoting Your Drop Servicing Business
Hey, Congratulations! You have created you Drop Servicing Business. Now the most important step is to get traffic which means get customers.
Now You need customer to buy from you. There are several ways of advertise your business and get customers are-
Other Ad agencies.
I love using Google ads and Facebook ads, as they are giving me extremely good results and a higher return on investments.
Final Words –
So by now, You are well aware that how to start drop servicing business.
You have successfully created your own Drop servicing business and started ads to attain more customers.
One thing you have to keep this in mind that many people make a mistake of keeping their service price without calculating the cost of advertisements and end up earning less.
Better you do your thorough research before jumping into it and provide the best customer satisfaction so that you don’t have to spend more in ads again and again and retain the customers.
Hope you will find this article helpful and take actions because coming 2-3 years it would be a highly profitable business model and if you start now by then you will on another level.
All The Best !