Does it sound good to you making $ 527 a day on your own drop service business? Then this article is for you.
I’m going to share the steps you need to go through to achieve this, and to top it off, you don’t even need that much money to get started!
What is drop servicing?
Drop service is like drop shipping, but instead of selling products, you are selling services. Their business is to connect high quality freelancers with clients who need their services. For example, you can hire one web designer that you can find per project at Upwork and then sell web design packages or custom services to clients who need web design.
The difference between what you bill the client and what you have to pay the freelancer is your profit margin. Drop service can be very profitable. It’s not uncommon for you to be able to sell a web design package for, say, $ 5,000 to a client and get a freelancer to do the work for just $ 500, making a profit of $ 4,500.
Since your business is completely internet based, you can communicate with clients and freelancers from all over the world. The demand for many of these types of services is very large and growing, so there is an opportunity to build a sizable online service business.
What service should I offer?
The first thing you need to do is find a service that you want to sell. The best place to look for your service is to visit platforms like Fivver.com, Peopleperhour.com, and Upwork.com. These platforms allow you to search for services offered by freelancers and provided online. Once you have selected a service (e.g. website design, website development, explainer videos, etc.), you need to get in touch with a group of service providers to find out how much they charge and to make sure that they can deliver the service to a high standard.
Once you know how much your service is going to cost you, the next step is to research your competitors to see how much they are charging. The easiest way to do this is to visit their websites and check that they are listing their prices. If you can’t find their prices, you can arrange a phone call or email them to find out. Once you know this information, you can determine your prices, which you will calculate. For example, you may find that your competitors are charging $ 5,000 for a service. If you only have to pay a freelancer $ 500 to do the job, even then, even if you billed $ 2,000, you would make $ 1,500 per project to sell less than your competitors).
How does the delivery process work with drop servicing?
Once you’ve made a sale, give your freelance partner the exact specifications for the project so they can do the work required. The best way to get this information is to get the client to fill out a detailed questionnaire that they can use to give you all the relevant information for the project. You then pass this information on to the project team to complete the work. Your job is to take over the communication between your client and your freelance team. Most people, when they start out, will do the project management and sales themselves, but once you get established these roles can be outsourced as well.
How do you make a good offer?
Make sure that price or otherwise sets you apart from your competitors and make sure your offer is urgent and important. By that I mean, make it clear to customers that what you offer is important to their business, and that your offering is so good that they should agree to hire you urgently. The best way to do this is to include a deadline with your offer. For example, you can say that you are offering them a 50% discount on the service and that the offer ends at the end of the week. You can test a lot of different offerings to optimize over time.
How do I make sales?
Once you have a good offer to present to your customers, you need to go out and sign up customers. The best way to get started is by starting a cold email campaign. You can research a group of customers to reach out to and then email them to try to get your offer to a decision maker at that company. Once you are established, you can use sales methods like paid advertising on linkedIn or Google to place your business / offer in front of decision makers in companies that need the service you are offering.
How can I make $ 527 per day on this model?
You will not earn this amount right away; It takes hard work and time. In the beginning, I made all sales and managed projects and only relied on freelancers to provide services. When I started making money, I started automating the processes in my company bit by bit with the help of software and employees (freelancers).
I started this process by automating project management first, then lead generation, and finally my sales process. At every step I was able to make sure that the systems were working and that my agency consistently provided high quality service to clients. If you can do this, you will find that many customers turn into returning customers and use your service regularly.
If you want to get started today, visit our website for more information.