The MOST PROFITABLE Drop Servicing Niche for Beginners in 2023

Summary

This video offers a comprehensive guide to starting a drop shipping business in the niche of 3D animation for medical agencies. Highlighting its high profitability and low competition, the speaker provides a step-by-step approach to identifying the best freelancers on platforms like Fiverr, comparing competitors' prices, setting up a website, and securing sales through targeted outreach. The script also covers service delivery, payment methods, and emphasizes the importance of creating a unique offer to stand out in the market.

Takeaways

• 👉 Picking the right niche is crucial for success in drop servicing.
• 🚫 Choosing a bad niche can lead to failure.
• 🔍 Finding a good niche is challenging but important.
• 💡 The best niche currently is 3D animation for medical agencies.
• 🧑‍💻 This niche has high demand and low competition.
• 💸 It's highly profitable, easy to understand, and easy to sell.
• 🌐 Setting up a business involves creating offers, pricing packages, and building a website.
• 📈 Research competitors to understand market pricing and offerings.
• 📲 Use platforms like Fiverr to find and compare freelancers.
• 📧 Use Instagram and other social media for outreach and lead generation.

Q & A

What is the main challenge in choosing a niche for a drop shipping business?

The main challenge is selecting a profitable and suitable niche that is not only in high demand but also easy to understand and sell. Choosing a bad niche from the start can set you up for failure.

What is the recommended approach to finding the best niche for drop shipping?

The recommended approach is to identify a niche that is highly profitable, easy to understand, easy to sell, in high demand, and has a sense of urgency and importance, which means clients are ready to buy without much selling effort.

What niche is suggested as the best for drop shipping in the video?

The video suggests 3D animation for medical agencies as the best niche for drop shipping due to its high profitability, low competition, and growing demand.

How can one find freelancers for 3D animation services?

Freelancers for 3D animation services can be found on platforms like Fiverr by searching for 'medical animation' and reviewing freelancers based on their prices, reviews, and past work.

What is the importance of researching competitors in the chosen niche?

Researching competitors helps to understand their pricing strategies, packages, and how they position their services in the market, which is essential for setting your own prices and packages competitively.

Why is it recommended to set up a website for a drop shipping business?

Setting up a website helps to establish a professional presence, showcase your offerings, and attract potential clients. It also serves as a platform to start making sales without spending much on advertising initially.

What are some ways to find potential clients for a medical animation drop shipping business?

One effective way mentioned in the video is using Instagram to find potential clients quickly. This can be done by sending direct messages (DMs) to clinics and decision-makers.

How can one ensure they stand out from other medical animation companies?

To stand out, one should continuously test new copy, be creative, and offer something unique or additional value that other companies are not providing.

What is the recommended method for managing the relationship with freelancers initially?

The video suggests working with freelancers directly on the freelancing platform like Fiverr initially for added security and trust, and only paying the freelancer after receiving payment from the client.

What steps should be taken to deliver the service once a sale is made?

Once a sale is made, a questionnaire should be sent to the client, along with any necessary contracts or agreements. This questionnaire should include all the information the freelancer needs to deliver the service.

What are some payment methods that can be used for transactions in a drop shipping business?

Some payment methods mentioned in the video include Stripe, PayPal, and direct bank transfers. However, it's noted that PayPal has high fees, and using services like Wise can be more cost-effective due to lower fees.