In the past year, this new concept of Drop servicing has become popular on the internet.
Many popular YouTube influencers such as Kevin David, Biaheza, and Liam James Kay have promoted this concept of Drop Servicing.
But, is it worth it?
In this article, we are going to take a look at everything you need to know about Drop servicing, so that you know if it’s worth it for you.
What is Drop Servicing?
Drop servicing is basically like Dropshipping, but with services.
This means you sell services to people (usually businesses) interested in them, but instead of doing this service yourself, you outsource the work to someone else, usually a freelancer.
What’s great about this business model is, that you are not actually fulfilling the service yourself, meaning you can put your time into the marketing of these services.
Often, the drop servicing business has an online store and just takes the order requirements from their customer, then hands them straight to the freelancer.
The customer never knows that it’s a freelancer doing the work.
And, as long as the quality of the service is high and the customer is satisfied, there is not a problem with this.
However, if the quality of work suffers, then there are issues.
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Since When Has Drop Servicing Existed?
Drop servicing is the process of letting somebody else fulfill the service.
If you think about it, it’s been around for as long as business has been around.
A business runs by letting others fulfill the jobs, that’s why you employ people.
The only difference is in this case is that it’s a freelancer and that your entire business just runs from buying and selling services.
While “Drop servicing” might seem new to a lot of people, it has been around since a long time.
Is Drop Servicing Profitable?
Is buying for a low price and selling for a higher price, while not spending time doing the service yourself profitable?
Of course, it is. That’s why Drop servicing IS profitable.
But, you have to do it the right way.
Picking a Profitable Service
The first thing that you have to do is pick a profitable service.
For a service to be profitable it has to be in demand by the market.
Here are the some of the best services for drop servicing:
- Social media management
These services are always in demand. They help businesses sell more or save time, which is why they are great services.
Finding Services To Sell
Finding services to sell is pretty easy.
All you need to do is head over to freelance marketplaces and look for freelancers.
Keep in mind to not go to low on the pricing, otherwise, you will probably get a low-quality service.
Also don’t be afraid to try the service out yourself to see what the quality is like.
You’re starting a business here.
If you don’t do this, you might lose customers once you make your first sales.
Losing a little bit of money trying to find the right service is not as bad as losing customers and their lifetime value.
Mistakes To Avoid When Drop Servicing
There are many mistakes to avoid when drop servicing.
The main one is trying to be too cheap and not testing out the service to see if the quality is right.
Quality is the key to this business.
Here are some other mistakes to avoid when Drop servicing:
- Picking the wrong service
- Using the wrong advertising channel
- Not having back-up freelancers
- Having the wrong type of sales funnel
- Ignoring important skills (email marketing, copywriting)
- Not optimizing for the long-term
All of these mistakes can damage your drop servicing business significantly, watch out for them.
Is Drop Servicing Worth It?
Just like any other business, you can think of Drop servicing requires a certain mindset.
If you are the kind of person that gives up easily or stops after encountering the first obstacle, then Drop servicing is probably not for you.
But, if you are willing to learn and overcome obstacles, then Drop servicing can be a good fit for you.
Then again, it always depends on the person.
From a business perspective, drop servicing always makes sense.
Plus, you could even run this as a little side-business or just use it as an additional way to monetize a blog.
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