Explore. Discover. Invest.
Investing , Lifestyle , Personal Development

Under 40? Copy This Business. Over 40? Buy This Business.

November 24, 2017
Cody
Cody

 

Actually, to be honest, it doesn’t really matter how old you are.

Whatever stage of life you’re in, I think you’ll enjoy this.

I’m going to share an opportunity with you that I normally wouldn’t talk about. Truthfully, I keep the best opportunities for Explorer Partnership members.

But, as you’ll see, this one is a bit different…

I have a very good friend who owns a successful business. Let’s call him “P.”

If you’re an E/P member and you joined us in Colombia and/or Ukraine, then you know him well. In fact… “P” actually lives in Ukraine full time.

But, even though “P” lives full time in Ukraine, his US-based business provides plenty of passive income.

Technically, he is an “absentee business owner.”

However, “P” is selling his business because he needs to finance a new venture.

So, I am going to show you his business. I’m going to show you how you can copy what he did, or you can just buy it.

But, first, I want to show you some key characteristics that “P’s” business has.

  1. Defined niche. P’s business stands out because when people look for the services he provides, there are few competitors who can proved the same quality service.
  2. High-end clientele. P’s clients are wealthy and they do not mind paying a premium for a premium service. Furthermore, his clients are reliable and continue to use his service through economic downturns.
  3. High-end location. P’s business is located in an area with many wealthy clients. So, not only does he have a full client list, but he is also constantly getting referred to new business within the area.
  4. Hard to disrupt. P’s business is a service that requires hand labor. Much of his business is streamlined from a technology standpoint (think scheduling, billing, orders, etc.), but the main manual-labor service will most likely not be disrupted for the foreseeable future.

At this point, have you guessed what his business is?

Electrician? Plumber? HVAC?

Nope. None of those (although those are all great businesses that can be made by using those four characteristics listed above).

P’s business is mobile detailing.

And it’s not just expensive vehicles.

P’s business provides detailing services to RV’s, boats, and aircraft.

This is an actual photo of one of P’s bigger jobs – a 747 jet.

 

So, why am I sharing this with you?

Because this example answers two of the most common questions I get.

#1 How do I make lots of money to invest?

The quick and simple answer: Start a business that has all of the characteristics I listed above. It’s amazing how many individuals are out there who have become wealthy by starting a unique business in a defined niche (like mobile detailing).

#2 How can I invest in something that gives me passive income?

The quick and simple answer: Buy a business like P’s. (Or just buy P’s business…) This opportunity allows an investor to yield well over 25% a year with minimal work. P has set up the business with employees and structure so he can literally live on the other side of the world… and make more than $100,000 a year in profit.

So while everyone is trying to make the next dating app… you can focus on building a business that caters to reliable clients, who value quality service, and provides a solution that cannot be solved (for now) by technology.