Simply, drop servicing is a business model where you sell services to other businesses, and instead of fulfilling those services yourself, you hire someone else to fulfill them on your behalf.
As a drop servicing business owner, your job will be to sell services to more and more businesses while having employees, freelancers, or contractors perform the services at the backend.
You can offer services like:
- Website setup
- Graphic design
- Content writing
- SEO
- Email marketing
- Facebook ads
For example, your customers will pay for email marketing or SEO services, and you'll act as a middleman to get them these services fulfilled.
How to get started:
To get started, the first thing you'll have to do is to choose your niche.
Then you need to choose the services you'll offer to your clients in your niche.
You can offer clients a wide variety of service or a specific service.
For instance, you can offer your clients everything from website setup, content writing to SEO. Or you could offer them just a specific service like content writing.
Once you've finalized your niche and the list of services you're going to offer, the next thing you'll need to do is to find and hire your team.
Here, you'll need to hire experts in your niche who can deliver excellent service in a stipulated time frame.
And finally, you'll need to find clients for your services.
If you want to achieve success in drop servicing business, you should be good at marketing, finding prospects, understanding your prospects' pain points, and converting your prospects into paying clients.
How to make money:
The difference between the price you charge your clients for your services and the cost it incurs you for their fulfillment will be your profit.
For example, if you charge a client $1000 for handling their monthly SEO services and fulfilling those services cost you $600, then $400 will be your profit.
This is a common type of business model where more clients mean more money.
But you need to ensure that the people who fulfill services on your behalf deliver the best quality work and meet the client's expectations.
Quality work and customer satisfaction is the only thing that will make you money from this business model in the long run.
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