What's up, guys? Dylan Sigley here, are you
wondering what exactly dropservicing is? well
In this video, you're going to learn what
dropservicing is, what makes it work so well and
how a start dropservicing business right now so
you can know and understand whether it's the
right business model for you and how to get
success with it if it is.
Have you ever felt like building a real online
business? That drives consistent results, freedom
and control. Online business can feel uncertain,
confusing and overwhelming.
But what if you had the vision, mindset and
actions to get from A to B in building online
business step by step, so you can live a life of
freedom and consistency and control?
So by the end of this video, you're going to know
what dropservicing is and how to go out there and
start one of these businesses.
But better yet, you're going to know the steps
and some ideas around types of dropservicing
businesses you can get started with.
But before we jump into the video, don't forget
to hit subscribe and the notification bell so
that when I released more marketing strategies,
tactics and stories, you'll get notified.
So what is dropservicing, well, essentially it's
leveraging the fact that we can hire teams from
around the world and get access to the global
labor pool and find the highest quality teams at
the lowest price. Then using that, create offers
around those services and then deliver those
services to clients in our home country or
whatever country we choose.
Just because of the fact that we have total
communication ability, we can communicate with
anyone around the world and offer them anything
from around the world. It allows us to create
these styles of businesses and leverage the fact
that you can get a much better price at the same
level of quality in a different country for a
given service. So we can get in contact with a
CEO in the United States who may need a Website.
And we connect them with a Web designer in the
Philippines and then we make a profit based on
that transaction. So the value that we're
generating is connecting the two, connecting a
high quality web designer with a client in the
states in this case. That is a pretty high value
skill because it's quite difficult to go out
there and find the right person when you're a
company. Right. You have to go out there and look
at all these freelancing sites or look at all
these job boards and find the right person for
your job. It's a lot of time and energy and money
that goes into that hiring process.
So what we do is we actually come to them.
We say, hey, we have these examples,
testimonials. This is the level of quality.
This is the price. And we're very transparent
with everything which allows them to make a
decision right then and there.
Because most people, most companies know they
need something, but they just don't have the time
and money to go out there and look for it right
now because it's not urgent and important enough.
However, if you come to them with the right offer
a great deal, they're going to want to take that
deal right away and move forward with the service
that they know that they need.
So being a completely digital dropservicing
business, we have a competitive advantage over
local companies because these local companies
have higher costs. They have these fancy offices
and have a full time staff, whereas as a
dropservicing business, you only pay your team
when you have a project for them.
So you're able to hire the team as soon as you
have a project for them, which means that you
don't have the costs associated with running a
business. You don't have any running costs.
So that allows you to be extremely flexible and
extremely agile when it comes to finding new
clients. Now, the caveat to this and what
companies would say to the local established
brick and mortar company would say that you're
lower quality because you're using freelancers or
teams from around the world where as a matter of
fact, what you're actually doing is finding the
highest quality teams, vetting those teams,
making sure they're high quality based on
examples testimonial, giving them test tasks etc.
and then putting them through that vetting
process and then establishing the fact that
they're a high quality worker and they have a
great price. Then that's when they become a part
of your team and that's the entire value
proposition around these dropservicing
businesses. So this way we can beat our
competitors on price very easily just by our
access to a global labor pool of workers who are
higher quality or as high quality as the
competitors in those countries that we're
targeting. And really as a byproduct of it being
an online business, it allows us to automate
everything so that we have the freedom of time,
place, umm freedom to do what we want, where we
want, with who we want, just because of the fact
that we can automate everything with people and
software. However, before you get to that point,
of course, you need to have gone through the
process of vetting the team, making sure their
high quality and creating an irresistible offer
around that that makes your potential clients
want to buy. There has to be urgency and
importance around what they're going to buy in
order and move forward with you so we can define
dropservicing as selling high ticket services
from one country to another and making a massive
profit from the difference in costs and price.
So dropservicing is really made possible by three
things; freedom of communication, freedom of
location and freedom of time.
So freedom of communication is just the fact that
with the communication technologies, we have
access today with social media and all these
messaging apps and whatever it may be, mean that
we're able to get in contact with anyone around
the world essentially.
Right. There may be some barriers, but eventually
you can't get in contact in one way or another,
whether it be over social media, emails, calling,
I mean, ads, whatever it may be.
And then going into these networks, we find the
teams and connecting those two.
So we have complete access to a global economy
and we're able to leverage that fact, create a
massive value for our clients.
And because of freedom of location, I mean, we're
completely virtual teams right?
these dropservicing businesses.
We can literally serve any client around the
world and we can get in contact with any team or
freelance. So individual around the world.
So we have access to a global labor pool and a
global market.
Which means that we're gonna be out to find the
best price and the best quality and connect them
with the best clients by leveraging different
marketing channels. So why does it work?
Well, at any given time, these companies around
the world spending billions of dollars on
services companies need a lot of things done.
But they don't necessarily have the money or the
time in the business and the people in that
business in order to actually carry out the
things that they need. So for that reason, they
look externally for service providers.
Most companies even have a dedicated marketing
budget. They need to spend every quarter in order
to get that marketing budget the next quarter.
So companies need external help.
Right. But why would they work with you?
Why wouldn't they just go with the local company
or another competitor?
Well, that's where the competitive advantage
comes into play first of all, because we're able
to come into the market and offer a much better
price and create an offer around that price that
seems irresistible, that's using different
marketing and copywriting tactics to position
ourselves as the best option in terms of
importance and urgency, costs and quality.
And that is what enables us to close deals faster
than typical sales cycle, usually with a
dropservicing business takes around two weeks on
average to close a larger deal.
But beyond the ability to create a competitive
advantage, we're also able to go out there.
And because it's a massive market where it's a
global market, it's so large that we're really
only a drop in the water.
We're not really competing with the big boys and
the local market. We're competing with a global
market, which means that we're really in a blue
ocean. You know, there may be a lot of
competitors, but there's so many more clients and
companies around the world looking to buy these
services. And any one company can't handle all of
the clients and all of the demand out there.
The reason for that is they're bounded by the
resources. They only have so many people that can
deliver the services right?
They don't have all of the service providers in
the world. And because these services are
delivered by people with skills, they can't hire
everyone in the world in order to deliver these
skills. We don't have an Amazon of business
services yet. Maybe we should build one.
So what I'm saying is essentially there's so many
dropservicing businesses out there.
There's so many service provider businesses out
there serving businesses because they can only
handle so many clients.
They can only handle so many Facebook clients
that pay them month after month.
And at a certain point they feel big enough.
They don't need to get more clients.
And I don't want to go out there and search for
my clients. And that's where you can go in and
find the clients. Right. So at a certain point,
these companies become big enough and they no
longer need to grow. And often they'll just look
for bigger and bigger clients willing to spend
more and more money, which leaves the smaller
companies to go after the small clients.
And then eventually, once they grow big enough,
they go after the bigger clients, too.
But in reality, because we're all bounded by the
number of resources we have at play, we can only
grow these dropservicing businesses so big as
well. So this isn't some kind of billion dollar
business model. It's just a good business model
for getting in there with low barriers to entry
and building a business relatively quickly around
six figures in size.
Most of the dropservicing businesses I've seen in
my own earning high six figures at the most.
There's not many that get into seven figures
because of that fact, but they definitely are
some that give to that level.
But the majority don't. I mean, there's thousands
of these styles companies out there and most are
just one person company.
So they don't even need to get that big.
They don't feel the need and they are bounded by
the resources they have to get that big.
And that's why it's an opportunity because this
market is always going to have demand in it.
Businesses always need services that they can't
deliver themselves. They can't do themselves
because they don't have the knowledge and the
skills in their company to do it.
And then on top of that, the companies that
actually deliver these services can only handle
so many clients. And that means there's always an
opportunity for new companies to come into the
market and deliver a service if they can do so,
the high quality and a good enough price.
Now, that is caused by low barriers to entry.
I mean, it's very easy to find a team, build a
team of web designers, for example, set up an
offer and put that offer out into the market and
get clients. That's low barriers to entry.
Porter's five forces.
Right? If you don't know what Porter's five
forces is I'll create a video on that some point.
But it's pretty basic. It kinda sets how
competitive a market is so low barriers to entry
means it's very easy to start a company.
So Porter's five forces really dictates the
levels of profitability that you can attain in a
given industry. Right. But in this business model
of drop servicing, it's not really that great in
terms of the amount of profit that you can
generate. You can become a massive company, but
you can certainly create a large enough company
to live a life of freedom and build kind of a
freedom style business that enables you to go
into those larger businesses if you come out with
some great idea later.
But we really do have low barriers to entry in
this market then the potential of new entrants in
the industry is very high because it's so easy
and very popular to start.
One of these business service style businesses
dropservicing business and the power of suppliers
and customers is relatively high because
customers have access to so many different
options and then suppliers have access to so many
different options as well. So, It doesn't create
massive profit margins, but you can build a
decent sized business very easily because of low
barriers to entry and high demand in the market.
But because of Porter's five forces, it really
just means that you can't wear a massive company
or it's very rare to grow a massive company in
this business model. But quite simply, these
companies will go with you because they don't
have the knowledge and skills to do themselves.
They don't have the resources and time to go out
and find another service provider.
They want to get the results faster.
You they want the proven system.
So because of that, They'll go with you because
you're the first person to offer it to them.
A study by Up in sales found that 50 percent of
sales come to the first person that reaches out
to the company. And that really just proves the
point that these companies don't want to go out
there and put all the time and money into
searching for all of the different options and
figuring out what the best company to go with is.
And the only time they do do this is when it's a
company policy and the manager has to do it as a
part of a job, meaning that forced to it right?
But humans always want to minimize time and
energy. So for that reason, we typically just go
with the first thing that presents itself.
So how big is it?
Well, the US business services sector consists of
about 410,000 establishments with combined annual
sales of about $770 billion.
Now, an alternative methodology using economic
data puts the size of the global market at about
five trillion dollars.
So this is a massive business model it's a
massive market right?
And because of that, there's so many companies in
the market, it's very easy to enter the market
and build one of these businesses.
But because they're so many companies going in
and it's very easy to start one of these
businesses, it's difficult to scale them because
you can only grow into a certain size.
But that's great for us because we can build a
business that is large enough to sustain our
freedom and create that freedom lifestyle if
that's what we want. But if you're looking to
become some kind of mogul, it's probably not the
best business model to get into right away, But you can use these small lifestyle style
businesses to fund those larger business
ventures. It's really kind of the starting
business and I would say the best business model
to get started with if it's your very first
business because it's so easy to start so to into
and give those first clients.
So it's a huge number, right?
We don't even need 1 percent of the market in
order to build a good enough business right?
You only need a certain amount to love that
freedom lifestyle around six figures.
And it's pretty easy to build a business of that
size in this market if you follow the right
steps. So there's three reasons that it is really
the best business model right now, dropservicing
in my opinion. So first of all, there may be a
lot of competitors in dropservicing, but because
the dropservicing market is so huge, it's not
that difficult to get enough clients to build
your business big enough, even though there's so
many competitors entering the market because any
one competitor and dropservicing can only handle
so many clients. So because we're a dropservicing
style service based business, it's much easier
for us to get success because our costs are so
low. We only need to plug in and get a small
chunk, a small piece of the pie, in order to
drive enough results, drive enough revenue for us
to get to our freedom income number.
Third, once we learn how to build one of these
dropservicing businesses, we can do it again and
again and again. Like all you're doing is copy
and pasting the system that you build from one
service into another. You might build a marketing
video style job servicing business and then build
a Facebook ads agency dropservicing business.
And that's something that I've done.
The point being, the market is so huge and
there's so many different marketing channels that
we can use to reach such a large global market
that it's very easy to start one of these
businesses and get your first results with it,
which is why dropservicing is the best business
to start. If it's your first business, the best
kind of place to cut your teeth and learn how to
build a business in the first place, especially
when it comes to online business as well, right?
Online business is really the best place to start
if you want to build any kind of business because
the costs are lower compared to a brick and
mortar style business.
So what's the future of job servicing?
Well, as businesses become more digital and
virtual, they become more efficient.
So their costs become lower, which means there is
a great opportunity for businesses to go more
virtual. And that's why they are doing it right.
So because the goal of any business is to
maximize profits and get more profit, they're
going to want to go online, become more virtual
because they get greater efficiencies from it.
And what we're finding based on the research and
statistics that I've seen is that, first of all,
your employees are a lot happier, they're more
productive. And the company sees reductions in
costs by not having your employees having to come
into work and that sort of stuff so I'll put some
research on screen now to show you the type of
studies that coming out when it comes to
virtualization or digitization of companies.
So the IDC estimates that the worldwide market
opportunity created by digitization is worth a
staggering 20 trillion dollars, right?
Well over 20 percent of global GDP.
That's pretty crazy. So what exactly is the model
and how does it work?
Well, a pure dropservicing business has you as
really the intermediary or the marketer setting
up the team with the client via different
marketing channels and via your offer.
So the first step is you're going to find
competitors. You need to find an idea and find
competitors and in terms of finding an idea.
Just look for anything that is a service that
businesses need. So it could be a certain type of
business, a niche that needs a certain type of
service. And then you can find what companies
have in terms of their offer when it comes to
those services and they look at different
freelancing teams and jobs and what other people
have to offer. And then you can see whether for
example, a team in the Philippines has much lower
costs, but the same level of quality as a
competitor in the United States.
And that is a massive opportunity, because if we
connect that team in the Philippines who has a
much lower cost but have the same level of
quality with the clients in the states, they're
going to get a massive amount of value from that
difference in cost without them having to go out
there and search for this team themselves, which
they are unlikely that once you find a service
and you find competitors in the market offering
that service and then you find freelancing teams
that are also offering that service.
You can create your offer.
So what your offer does is it really just uses
the fact that you've got a much lower cost and
you're competing with competitors with a much
higher price. So you can base your offer around
price. It could be a discount.
It could be waiving a fee, whatever it may be,
but you need a structure they offer using
copywriting tactics which are easily found
online. If you do some research on copywriting,
you'll figure it out. Then you put your offer out
into the market via marketing channels like
Facebook or email, whatever it may be.
And then you look whether you're getting a good
reaction to their offer.
You see, whether your offer is converting, you
tweak it, you work on it until it does work.
And then from there, you can scale up into
different marketing channels or even different
services. Once you figure out the right offer.
From there, you automate everything with people
and software so you no longer have to do
everything yourself. And that's how you create a
freedom style business via dropservicing.
So that's the video.
I hope you understand a little bit more about
what dropservicing is and how to start
dropservicing business.
Let me know what you thought if you have any
questions or comments, comment below.
I read all of the comments most of the time.
But yeah, I'll talk to you in the next video.