Hint...it's easier than it sounds.  â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â[view in browser](=)â â â Weâre back again, and this time we have a framework you can steal for any side hustle or business you have. Weâre here so you can copy my homework. R&D = rip off and duplicate. Today in 10 minutes or less, youâll learn: - Some vids you canât take your eyes off (itâs not just me, right?)
- How power washing is a proxy for any service biz side hustle
- How to get started, differentiate, market, and power up your cashflow
- How to scale your boring biz to $40M and beyond
- A playbook anyone can follow to get your service biz to it's first $10k/mo [inside of Cashflow](â --------------------------------------------------------------- THE POWER OF BORING â
Ok, Iâve done every side hustle imaginable. Iâve also turned them into 6 then 7 then 8-figure businesses. Which is how I now have a portfolio of businesses that does more than $50M a year in revenue. But alas, it was not always that way. â So, letâs start with power washing as a side hustle. Why power washing? Because this idea for our business is going to cost you $0 to start. Yes, $0 to start. And also because⦠I Love Watching Porn Ok easy, this is a special type⦠maybe you too have watched hours of [r/powerwashingporn]( on Reddit. Get your head out of the gutters, Contrarians. I said Power Washing porn. Jeez. I donât know what part of the brain tingles when it sees before and after photos of pressure-washed houses, but I think itâs the same part that tingles when I sense a good money-making opportunity. Right now, just FYI⦠Iâm tingling. [ â
Power washing as a side hustle: (PS, this works for any type of service biz) - $0 Cost - You can pre-sell washes with $0 in materials.
- Low Failure Risk - Your only cost is your labor. If you decide to scale up this business, you have no inventory, no big expenses, and no shipping expectations. The risk of bankruptcy is tiny.
- No shipping or supply chain nonsense - I hate e-commerce companies 9 times out of 10. The costs are too high, shipping is expensive, order values are high, and itâs largely over-saturated.
- B2B Option - There is demand in both commercial and residential spaces. A house is easy to close the deal, but a commercial company may pay you $5,000 every month on contract. UP FRONT. If you can keep a business free from gum on their sidewalk, or with clean windows, or clear sidewalk lines, theyâll pay.
- Beginner friendly - You donât need to be an expert or licensed. Because we arenât. ;)
- Finding clients is easy - You live next to them and most of them need this service.
- Itâd be fun to sell - Wait until you see my ideas for how. How much would it cost to start? Letâs start with the equipment. You can buy a high-end gas-powered pressure washer on Amazon for under $350. [ â Or you could go high-end and get a fancy $35,000 truck setup (I wouldnât advise that up front), or you can go [Unconventional Acquisitions]() style and buy an entire pressure washing business that cashflows $220k a year⦠[ â If you want to go the biz buying route⦠yaâll already know where to go to learn biz buying⦠[here](. But letâs say youâre going to start this biz because you want lower risk OR youâre going to make your kid, Tommy, pay for the college education thatâs really just expensive propaganda by his damn self. Ok, starter version Where to begin? Well, youâve already bought your fancy little machine for $350. Next, youâll want to trick out your pressure washer with some additional accessories, and that can run you about $40. [ â Then weâll need some pressure washer cleaner. Most cleaners run about $20 and will cover 6500 square feet. Breakdown: $350 Power Washer $40 Accessories $80 Ladder $40 Hose $20 Cleaning solution = Total of $530 So, for about $500 in start-up costs, you have what you need to make money. How much money can be made? You can charge around $350-500 to pressure wash a driveway. With only two driveways, you have paid for your pressure washing business. The best part? Rarely does someone just need their driveway pressure washed. To pressure wash a 2000 sq foot home, you can charge $800-$1000. If you add in their front or back porch? Thatâs another $400. So, a single home can bring in $1500 â $2000. Great, with one home youâre at breakeven+ and with two you are in the money. But letâs say you are like me, and you donât want to do the actual labor. Letâs outsource it. The average technician in Texas makes $44,276 a year. Thatâs working 40-hour weeks. Letâs say you go premium at $50k a year + $300 a month in benefits (which would be unheard of). That means: Letâs say we could get one customer a day each month. With the marketing weâre going to show you later, that should be absolutely doable. Thatâs $547,500 a year. Now imagine you add another contractor or two, each only doing one house a day. Thatâs $1,642,000 a year. â But how much money do we actually take home? â For every new contractor you add, you get another $413k profit. So with you, two contractors, and a VA for scheduling and customer service, you would be bringing in $1.23M in PROFIT in one year. You add five and youâre at $2.06M. Now youâll have some increased costs for sure, but you can very safely keep around a 30% margin business. --------------------------------------------------------------- LET'S SCALE How would I differentiate this $2M+ business? #1 Show-Me-Donât-Tell-Me marketing Iâd have a blast with the marketing. Iâd have posters with this on them. â Iâd do non-stop social media highlighting this: â And the marketing would change with every season: â
#2 Never sell just one thing⦠bundle, bundle baby. Iâd be a one-stop shop, so Iâd add: - roof cleaning
- pool cleaning
- wood/deck fence restoration
- gutter cleaning
- window cleaning
- exterior painting Thatâs probably another $500-$1M in additional revenue a year. #3 Re-occurring revenue - sell it once, charge it continuously. - 3 options on my upsell: Big package, medium package, small package. Highlight medium in the middle. Everyone works too hard. They sell a pressure washing job once. They donât try to get them on subscription. YOU are not going to be that. [Iâd sell annual or biannual power washing just like this.]( Then Iâd schedule all the neighbors on the same dates. No one ever needs a last-minute re-occurring power wash. #4 SEO that bad boy. How? YouTube shorts. Iâd start a [channel on pressure washing in my local city like this.]( Iâd rack up a lot of views. Iâd tag them âAustinâ and âlocalâ to drive more customers to me. Getting Customers: Start low pressure If you remember one thing from this, it is to go get your first five customers before you sell anything. Iâd go knock on all my neighborsâ doors and tell them: âHi KAREN - I live down the street and own a power washing business. I just started servicing this area so Iâm giving a limited offer for this neighborhood for this month since Iâll be here already.â Iâd show them your âbeforeâ and âafterâ shots (taken from the internet) and lock up as many as I can. Iâd document this entire process so I can outsource it next. The second I got one customer, Iâd ask them to post about it on Nextdoor while I sat there with them. Iâd tell them how important reviews are and make them feel like they are helping a small business. Most people wonât do that. TUG ON THE HEART. Why? Nextdoor is perfect for two things â complaining about kids shooting fireworks in your neighborhood and asking for recommendations on small businesses. Go to Nextdoor right now and search for pressure washing or power washing. I did and just in my neighborhood, there are plenty of people asking for recommendations: [ â
Harass your local realtor If youâve ever sold a house, you know the first thing your realtor asks you to do is pressure wash the entire exterior. Why? Because it washes 10 years of age off your house. If you can get in good with 4-5 realtors, youâll be busy for months. New house who dis? New home buyers are in BUY mode. Look up recently sold listings and attack. Now, letâs talk brand You arenât just a power washing company. You are a surprise-reveal company, a make-my-old-thing-new company. Times are tough. Most people canât afford a new house, or an entire paint job, or a new fence. But you can give them that for a fraction of the cost. Remember, people pay premiums for feelings. We are cleaning up old things as a company, our delivery method just happens to be power washing. But our brand and promise is that we help you live better. We make houses homes. Thatâs the American dream. That is a big promise. Hereâs how we make them feel something. Create a magical moment Iâd do something ridiculous for every home I pressure-washed. Iâd pick a corner somewhere and PW the initials of the family in the cement. Then Iâd have them come out and tell them a story about it. Maybe even a little calling card like the one below. Tell them if they ever want to surprise their kid or loved one, youâll come spray a lil message on the house. Just get that Instagram tag. â
Reviews - but donât suck In Austin, the very top businesses only have 200-400 reviews. Iâd go ham on reviews. â Use review software like [NiceJob]( with your CRM, so you send an automated SMS text immediately after their job is finished, leading them to Facebook/GMB to leave a review. If that goes unanswered, follow the SMS text with two well-timed follow-up emails. But Iâd make them fun⦠for the first one Iâd have a funny meme: â For the second one, Iâd send them the âbeforeâ and âafterâ pictures. Iâd include a one-liner like: âYour review actually keeps me in business, our love language is good reviews. ;) Thank you for taking the time out of your day to support a small biz. Most people wonât but you did!â
Influencer campaigns: Remember when I mentioned power washing porn? Itâs an entire phenomenon with [1.64M subscribers on Reddit](. Iâd get local âinfluencersâ in my area to let me come power wash their place or business and film the âbeforeâ and âafterâ. In Austin, Iâd be hitting up, ahem, Codie Sanchez, Tim Ferriss, Noah Kagan, and local business owners who have real estate. Then offer a bunch of micro-influencers some free services and cool content in exchange for them posting about us. Weâve talked about micro-influencers before, as thatâs [how Isaac would pay]() about $500 to get $20-50k in value. How does this value shake out? - Letâs say we get 50 influencers doing this hyper-locally. We get 50 clients from each of them over the course of a year. Thatâs $100k each, which is $5M in revenue.
- Letâs say we let them keep 10% of the revenue as an affiliate fee. Thatâs still $4.5M. At 30% profit, itâs $1.35M to our bottom line. So, between influencers, reviews that jack up SEO, more clients, adding services, etc., weâre looking at a $3-5 Million EBITDA or profit business. Now hereâs the cool part. This business has magic in it when it comes to sales price because it has these 7 things: - Systems and process - reviews, scheduling, etc.
- Re-occurring revenue - subscriptions and contracts
- Reviews, online presence, and trust
- Protected margins of 30+%
- Client acquisition strategy
- Moated strategy
- Opportunity for scale and efficiencies This is the exact type of business private equity companies buy just like these guys: â =â
So what would this company be worth after youâve done this? A $4 Million profit (EBITDA) business would be worth 6-10X its profit, or $24M to $40M, to a private equity company. You just turned a side hustle people laugh at into $40 Million. It isnât easy, but itâs definitely not rocket science. Or you use all your newfound social media followers like Bin Blasters did and create a franchise. Those sell for even more money. You still think my businesses are boring? Main Street over Wall Street, Codie Written by Codie Sanchez. Edited by the Contrarian Thinking team. PS: We met some studs who turned a service biz they bought for $1k into $250k and started countless other service biz's that they took to $10k+/month. If you want the resources, system, processes and foundation to this concept before adding our sauce to a $40m+ exit,[read their playbook inside the cashflow community!](=)â --------------------------------------------------------------- CONTRARIAN EXTRAS The Not So Boring Section: ð¤Literally everyone's a VC: in a recent release, [Dick's Sporting Goods announced DSG Ventures,]( a $50m fund that focuses on companies serving athletes in their communities. ðA bet that paid off: Mattress Mack, Texas furniture salesman, [recently cashed in on a $75m]( bet won on the Astros world series victory, the largest payout in history. That's a lot of mattresses... ð¢ Small biz, big problem: Nearly[1/3 of US small businesses couldn't pay their rent]()because of inflation. Think it's only an individual's problem. Not quite. But here's your chance to[learn biz acquisition]() and not only create a legacy for yourself, but save small businesses and the communities in which the serve. --------------------------------------------------------------- â Share Contrarian Thinking, Win Cool Stuff! Invite friends - get free stuff.
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â[ð²Do Better]()â --------------------------------------------------------------- âDisclaimer â This is the âBe an adultâ section. Everything mentioned above isnât advice, just a recount of what I did. That said: This article is presented for informational purposes only. The opinions stated here are not intended to recommend any investment or provide tax advice. Neither are they an offer to sell or the solicitation of an offer to purchase an interest in any current or future investment vehicle managed or sponsored by Codie Ventures, LLC or its affiliates. All material presented in this newsletter is not to be regarded as investment advice, but for general informational purposes only. Day trading and investing do involve risk, so caution must always be utilized. We cannot guarantee profits or freedom from loss. You assume the entire cost and risk. You are solely responsible for making your own investment decisions. We recommend consulting with a registered investment advisor, broker-dealer, and/or financial advisor. If you choose to invest with or without seeking advice from such an advisor or entity, then any consequences resulting from your investments are your sole responsibility. By reading/sharing this newsletter or consuming our content on our other channels, you are indicating your consent and agreement to our disclaimer. â â [Twitter]( [Website]( [Instagram]( [LinkedIn]() Make us sad and [Unsubscribe]( from all communications| [Update your profile]( | 113 Cherry St #92768, Seattle, WA 98104-2205 WANT MORE CONTRARIAN? - ð« Join [a community]( ð« for cashflowing, freethinking millionaires.
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