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00:00There's a new startup that's making people millions of dollars and you can do it too.
00:04This business model is so simple and easy to replicate that anyone can do it.
00:09And the best part is you don't need any money to get started.
00:12You've probably heard of the expression, find a problem, solve the problem and charge money for it.
00:18But this is a different type of business model where you don't even have to charge customers directly to make millions.
00:24Let me explain.
00:25So a few months ago, I was looking for an apartment in a new city.
00:30And when I was searching online, I found this one platform that had all the listings from other websites, but also allowed you to book showings with a single click.
00:40So I thought this was a really good service, but when I went to the website, I saw this huge price tag.
00:46So I couldn't help but wonder who actually pays for this.
00:49When I dug deeper, I found out that this company doesn't charge customers.
00:54Instead, they charge real estate agents.
00:56For example, if you're a real estate agent and you want to access all those listings, you have to pay $30 per month plus $0.25 per showing.
01:05And if you want to unlock more features, you have to pay even more.
01:09So I thought this business model is brilliant because they don't have to build trust with customers or convince them to pay.
01:15They just have to convince real estate agents to pay.
01:18But the genius part is that they don't sell access to listings.
01:22They sell access to customers.
01:25For example, if you want to list your apartment on Zillow, you have to pay $599 up front and $499 per month.
01:35But if you want to list it on this platform, it's completely free.
01:39And the reason why is because they get paid per showing.
01:43So the more showings, the more money they make.
01:47And this is the same model that these guys are using to make millions.
01:50They simply connect buyers and sellers and make money from each transaction without even charging customers.
01:56So here's how much money they're making from each transaction type.
02:00If you're a home buyer, they make 2.5% of the purchase price.
02:04If you're a home seller, they charge 5%.
02:07And if you're a commercial real estate agent, they charge 6%.
02:11And the best part is that they don't have any employees or sales teams.
02:16Everything is automated.
02:17So if you want to start a similar business, here's what you need to do.
02:21Find a marketplace where people are willing to pay a percentage for a service.
02:25Then build a software that automates the process and charges a small fee for each transaction.
02:31For example, if you want to target commercial real estate agents, you can charge them 1% for each property they sell through your platform.
02:40And if you get 100 agents to use your platform and they sell 100 properties for a total of $10 million,
02:46you would make $100,000 in commissions without even selling anything yourself.
02:51This is the easiest way to build a 7- or 8-figure business.
02:55And the best part is that it takes less than 10 hours to build.
02:58If you want to learn how to build a software in less than 10 hours, stay tuned.
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