TLDR;
In this video, Chris Koerner reveals the potential profits from businesses selling the same music software while focusing on local service companies. He discusses how simple calculations can reveal high revenue figures for these businesses, many of which few people know about.
- Businesses selling software to local service companies are highly profitable.
- White-labeling allows entrepreneurs to sell established software under their own brand.
- Five specific business models are highlighted, with insights into their revenue potential and marketing strategies.
Introduction to Profitable Software Models [0:00]
Chris begins by explaining a public awards page showcasing hundreds of businesses selling identical music software under different names and logos. Despite this, some are making substantial profits, often $50,000 to $150,000 per month. His focus for this video is on software businesses catering to local services like medical spas or pest control. He promises to analyze five specific business models and build a software prototype live.
Exploring HighLevel's SaaSpreneur Awards [1:20]
The discussion transitions to HighLevel's SaaSpreneur awards, celebrating businesses that white-label their software for local service providers. He explains white-labeling as taking existing software and rebranding it as your own. HighLevel categorizes winners into tiers based on customer count, revealing how revenue can be calculated based on subscription pricing, with potentials ranging from $3,900 to over $1 million a month depending on customer numbers.
Business Model #1: Event Rentals Software [5:24]
Koerner introduces the first business, Event Hawk, a software company for event rental businesses like bounce houses and tents. They help their clients acquire more customers, leading to significant profitability. He analyzes their pricing structure, asserting that with over 500 customers each paying an average of $400 a month, Event Hawk could be generating $200,000 monthly in revenue. He emphasizes the ease of replicating their success through various free tools that aid in competitive analysis.
Utilizing Tools for Competitive Research [7:20]
Chris describes using tools like the Wayback Machine to trace how Event Hawk’s website evolved and the Meta Ads Library to explore their advertising strategies. He notes the importance of adapting successful ad campaigns and points out various historical advertising metrics that indicate which strategies are effective. He encourages viewers to leverage competitors' experiences and advertise using Facebook to reach targeted local businesses.
Business Model #2: Software for Med Spas [18:00]
In the second segment, Koerner examines Asthetics, a company providing software for medical spas. He notes their pricing is between $300 and $500 per month, with a customer base likely ranging from 100 to 500. He suggests that Google Ads are more effective for them than Facebook, offering insights into running successful Google Ads campaigns to drive customer acquisition.
Business Model #3: Gym Software [20:30]
The discussion shifts to gym software via Push Press Grow, which helps gyms automate and grow their businesses. They offer different pricing options, charging around $100 per month while targeting over 1,000 fitness centers. Chris emphasizes the market's volume and profitability while noting the potential for implementing smart ad strategies to attract gym owners.
Business Model #4: Dental Marketing Software [24:20]
He introduces a gold award winner in the dental space called Dental Implant Machine, noting their pricing structure ranging from $2,500 to $5,000 monthly. With over 750 customers, this company focuses on helping dentists increase their revenue. He highlights that dentists are accustomed to paying significant amounts for services that generate high returns, making them an ideal target market.
Live Building Session: Roofing Business Software [27:20]
In the last segment, Chris conducts a live demonstration of building a missed call text back service for roofing companies using GoHighLevel. He takes viewers through the steps of setting up a service that ensures missed leads are contacted promptly. He creates a sample customer account, illustrating how easily someone can start offering services to roofing businesses while emphasizing the high ROI potential in this sector.
