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Chris Koerner

๐Ÿ‘ค Speaker
2524 total appearances

Appearances Over Time

Podcast Appearances

The Diary Of A CEO with Steven Bartlett
Passive Income Expert: How To Make 10k Per Month In 90 Days!

What else?

The Diary Of A CEO with Steven Bartlett
Passive Income Expert: How To Make 10k Per Month In 90 Days!

$500, what else could you do?

The Diary Of A CEO with Steven Bartlett
Passive Income Expert: How To Make 10k Per Month In 90 Days!

Okay, do you want a physical business or an online business?

The Diary Of A CEO with Steven Bartlett
Passive Income Expert: How To Make 10k Per Month In 90 Days!

Or does it not matter?

The Diary Of A CEO with Steven Bartlett
Passive Income Expert: How To Make 10k Per Month In 90 Days!

What about a physical one?

The Diary Of A CEO with Steven Bartlett
Passive Income Expert: How To Make 10k Per Month In 90 Days!

All right, for a physical one, I would... Have you heard of drop servicing?

The Diary Of A CEO with Steven Bartlett
Passive Income Expert: How To Make 10k Per Month In 90 Days!

No.

The Diary Of A CEO with Steven Bartlett
Passive Income Expert: How To Make 10k Per Month In 90 Days!

So the phrase drop shipping kind of has a bad rap, and some of it for good reason, which is basically...

The Diary Of A CEO with Steven Bartlett
Passive Income Expert: How To Make 10k Per Month In 90 Days!

Buying a product in China, having a website for it, and basically having the Chinese manufacturer or the supplier ship it directly to your customer so you don't have to take possession of the inventory, right?

The Diary Of A CEO with Steven Bartlett
Passive Income Expert: How To Make 10k Per Month In 90 Days!

Drop servicing is doing something similar with a service.

The Diary Of A CEO with Steven Bartlett
Passive Income Expert: How To Make 10k Per Month In 90 Days!

Let's call it a home service business, right?

The Diary Of A CEO with Steven Bartlett
Passive Income Expert: How To Make 10k Per Month In 90 Days!

So in this case, it would look like a garage repair company that has a website that looks like they have a physical presence in a market, but is really just a lead gen factory, right?

The Diary Of A CEO with Steven Bartlett
Passive Income Expert: How To Make 10k Per Month In 90 Days!

And so what you're doing is you're using Facebook or Google Ads to generate leads, kind of like what you were doing on Facebook for a local business.

The Diary Of A CEO with Steven Bartlett
Passive Income Expert: How To Make 10k Per Month In 90 Days!

And then instead of just selling the leads for $20, you're actually doing more of the work.

The Diary Of A CEO with Steven Bartlett
Passive Income Expert: How To Make 10k Per Month In 90 Days!

You're subcontracting out the work to a local business that actually repairs garage doors.

The Diary Of A CEO with Steven Bartlett
Passive Income Expert: How To Make 10k Per Month In 90 Days!

They're the fulfillment arm of the business.

The Diary Of A CEO with Steven Bartlett
Passive Income Expert: How To Make 10k Per Month In 90 Days!

You're the marketing arm of the business.

The Diary Of A CEO with Steven Bartlett
Passive Income Expert: How To Make 10k Per Month In 90 Days!

Right.

The Diary Of A CEO with Steven Bartlett
Passive Income Expert: How To Make 10k Per Month In 90 Days!

So in essence, you have a garage repair business without actually having one.

The Diary Of A CEO with Steven Bartlett
Passive Income Expert: How To Make 10k Per Month In 90 Days!

Like you don't know anything about garage doors.