Episode Transcript
Transcripts are displayed as originally observed. Some content, including advertisements may have changed.
Use Ctrl + F to search
0:00
You're listening to Wholesaling Ink, episode number
0:02
1,452. Smaller
0:04
markets, specifically with Rick Mill, are absolutely
0:07
fantastic. With the referrals, guys, I am
0:09
telling you, this is real estate agents.
0:11
This is people that you know on
0:13
how to add 10 deals from referrals
0:15
this year to your business by going
0:18
into Facebook, requesting a ton of people
0:20
that are in the real estate business
0:22
and posting every single day that I
0:24
buy houses. This is
0:27
game-changing information, guaranteed to raise
0:29
your real estate wholesaling business with
0:31
actionable steps you can take immediately
0:33
to navigate the ins and outs
0:35
of wholesaling and start making money
0:37
today. Join us
0:39
as we put our guests in the
0:41
hot seat and dive deep to dissect
0:44
their strategies for success to enable you
0:46
to duplicate their results. You're listening to
0:48
Wholesaling Ink, the only show dedicated to
0:50
making you a fortune in wholesaling. Experience
0:56
and budget. These three
0:59
factors are different for
1:01
everybody. So please stop
1:04
using a one
1:07
path fits all approach to
1:09
generating unbelievable deals in your
1:12
real estate business. I don't
1:14
care if you're adding these
1:16
properties to your portfolio, you're
1:18
fixing, flipping, or your wholesaling
1:21
real estate. I am telling
1:23
you there is a specific
1:25
order that you need to follow
1:28
so that you can have the
1:30
most success as fast as possible.
1:32
And we're going to be breaking
1:34
down what I call the real
1:36
estate investing lead generation blueprints based
1:38
on those three factors so that
1:40
you know which marketing channels you
1:42
should focus on depending on where
1:44
you are at. If you're part
1:46
time, if you're full time, if
1:48
you have a big budget, if
1:51
you have a low budget or
1:53
no budget for marketing, and
1:55
if you have experience or
1:57
if you are brand new. Because
2:00
here's the really, really, really interesting
2:03
thing. After working with over 3,000
2:05
real estate investors one-on-one, I've discovered
2:07
that most
2:10
of the time when you focus on the
2:12
right path, you're going to get to success,
2:14
you're going to get there faster than most
2:17
people, but then all of a sudden things
2:19
get wiggly. All of a sudden you start
2:21
getting real creative but if you follow this
2:23
matrix that I'm about to show you, I
2:26
am telling you you're going to stay
2:28
on the right path and really
2:31
build something that's predictable, it's
2:33
long-lasting and it is going
2:35
to be wildly profitable. So
2:37
let's jump right in here.
2:39
All right? This is
2:41
what I call the real estate
2:43
investing lead generation blueprints. Check this
2:46
out. At the top of this
2:48
matrix are six different vertical columns.
2:51
We've got direct mail. We've
2:53
got referral. We've got cold
2:56
call and SMS. We call that talking
2:58
to people. TTP, SMS is
3:00
text messaging. So you've got cold
3:02
calling text message. You've got hiring
3:04
VAs to do the work for
3:06
you. You've got pay-per-click and pay-per-lead.
3:09
This covers most of,
3:12
if not all, of
3:14
the off-market lead generation
3:16
sources that you can
3:19
consider. All right? And
3:21
we're going to break it down based on,
3:23
okay, well, what happens if your partner is
3:25
in the third time, you have no money
3:27
for marketing and you're brand new? Well,
3:30
if that's the case, then I would
3:32
highly suggest that you stick with direct
3:34
mail. You start building up
3:36
your referrals and I'm going to show you
3:38
exactly how to do all this. I just
3:40
want to kind of set the stage here.
3:43
You either do text message marketing or cold
3:45
calls depending on your budget, but stay away
3:47
by hiring a virtual assistant. Stay
3:49
away from pay-per-click. You're not even
3:51
close to that. Stay away for
3:54
pay-per-lead for these deals. Stay completely
3:56
away from that. All right? And
3:58
this is usually where people... people start. They're starting
4:01
part-time, they have full-time jobs, they got
4:03
full-time responsibilities, they're in school, whatever it
4:05
is. So they've got a very, very,
4:07
very congested schedule. So they've got to
4:10
find the spots in there where they
4:12
can commit to this business. And you
4:14
don't have a huge marketing budget for
4:16
it. That's why you're in this business.
4:19
That's why you see real estate
4:21
as your avenue to, one, replace
4:24
your income, start building the lifestyle
4:26
you want and then start building
4:28
long-term wealth. But when you're new
4:30
and you're competing against five
4:32
other offers, you're going to get beat
4:35
out. You don't have the
4:37
skills yet of effectively communicating with the
4:39
property owner why they should do business
4:41
with you. So don't
4:43
do inbound marketing where people are calling
4:45
you. Don't spend a bunch of money
4:47
in the right side of these columns.
4:50
Don't spend it on hiring people and
4:52
pay-per-click and pay-per-lead and all these other
4:54
things because you're going to be competing
4:56
against a ton of other people. Once
4:59
you have experience, then you can get
5:01
into that. But this is the path.
5:03
Now, let's talk about direct mail. I'm
5:05
not talking about sending out thousands. I'm
5:07
not talking about spending a tremendous amount
5:10
of money on direct mail. What I'm
5:12
talking about is sniper approach direct mail.
5:14
The thousand worst properties
5:17
in your marketplace, 100
5:20
worst properties in your marketplace. You
5:22
can literally today drive around town, get
5:25
all of the properties that are in really
5:27
rough shape. I highly suggest you use the
5:29
Deal Machine app for this. Use the Deal
5:32
Machine app. We've got a coupon code for
5:34
you. Get it at the best price and
5:37
you've got all the information about the property owner
5:39
and everything that's going on there. You
5:42
can literally one-click in that app
5:44
and send them direct mail pieces.
5:46
Now when you send direct mail pieces, make sure
5:48
that you have a different phone
5:51
number on those direct mail pieces
5:53
because when those calls come in,
5:55
you want to recognize that this
5:58
is a potential lead. So
6:00
you can go and you can get
6:02
phone numbers from callrail.com, callrail.com. That's what
6:04
we use. You can use other phone
6:07
numbers for your caller ID on your
6:09
direct mail pieces, but make sure that
6:11
you use a different phone number and
6:13
stay very, very, very lean with your
6:15
budget. Be very, very specific on who
6:18
you are sending mail to. And I'm
6:20
telling you direct mail works better
6:22
in smaller markets. And here's
6:25
something that I want to mention here on this
6:27
whole matrix. If you overlay
6:29
on this whole thing, big market
6:31
versus small market, it gets real interesting,
6:34
real interesting. And I'll give you some
6:36
nuances here in this training, but smaller
6:38
markets specifically with direct mail are absolutely
6:40
fantastic. With the referrals guys, I am
6:42
telling you, this is real estate agents.
6:45
This is people that you know on
6:47
how to add 10 deals from referrals
6:50
this year to your business by going
6:52
into Facebook, requesting a ton of people
6:54
that are in the real estate business
6:56
and posting every single day that I
6:58
buy houses. I buy
7:01
houses. I buy houses every single day. You
7:03
do that. Send me your deals. I buy
7:05
houses, send me your opportunities. You do that
7:07
to enough real estate agents and people in
7:09
the real estate business. I know it's scary.
7:11
I know. Oh my gosh. What are people
7:13
going to think of me? I'm a teacher.
7:15
I'm a karate instructor. I'm a truck driver.
7:17
I'm in the military. I'm an attorney. I'm
7:20
all these things that people want to label
7:22
you as, and then you post every single
7:24
day that I buy houses. And you're like,
7:26
well, what are people going to think? They're
7:28
going to think it's awesome. And if they
7:30
don't unfriend them, that's the best
7:32
thing about social media. You don't have to
7:35
deal with nonsense. You can block out anybody
7:37
that you want and keep all the positivity.
7:40
And I'm telling you, people will respond
7:42
favorably when they understand that you are
7:44
serious. You have conviction that you are
7:46
a real estate entrepreneur. And it might
7:48
feel a little bit like fake it
7:50
till you make it. You might get
7:52
a little bit of imposter syndrome, but
7:54
block all that out. You are powerful.
7:56
You're incredible. And you're going out and
7:58
you are going to change the. landscape
8:00
of your real estate community. I'm telling you,
8:02
you're going to go out and do amazing
8:04
things. So have that confidence. Let me pour
8:07
that into you so that you can go
8:09
out and take massive imperfect action. And then
8:12
when it comes to being really proactive every day,
8:14
who are you going to call? Who are you
8:16
going to call every single day to make
8:19
sure that you're getting the best opportunities, right?
8:21
Who are you going to reach out
8:23
to? Who are you going to text? And
8:26
by the way, guys, when you are cold
8:28
calling and when you're texting, make sure
8:30
that you do a that you scrub your
8:32
list against the DNC, the do not
8:34
call list. I understand it's going to get
8:36
rid of like two thirds of the phone
8:39
numbers. Who cares? Get rid of them,
8:41
get them out of there, focus on the ones that
8:43
you can call. And if you can't, then you go and
8:45
you knock on the doors and you
8:47
go and you be proactive and you go
8:50
and you just try to get ahold of
8:52
that property owner. And the same thing with
8:54
the text message marketing, make sure that you
8:56
are scrubbing it on the DNC list. We
8:58
use launch control through rhinotexting.com. They already do
9:01
it. They keep us super protected by making
9:03
sure that we can't text anybody on the
9:05
DNC list. But if you're part time and
9:07
you have no money and you're new to
9:09
this business, then that's what you have to
9:12
do. And it's pretty much the same if
9:14
you are part time, no money and
9:16
experience. And the reason I say that if
9:19
you drop down one line is because you don't
9:21
have the budget for people to call you. So
9:23
what are you going to do? You got to
9:25
be loud about what you're doing. You
9:28
have to be very, very, very focused
9:30
on who you send direct mail to
9:32
to get some calls coming in. Right?
9:35
And you still got to be proactive. You
9:37
still have to reach out to property owners
9:39
and see if they would consider an offer
9:42
on their property. But if you don't have
9:44
the budgets to hire a
9:46
VA and to do pay-per-click and
9:48
to do pay-per-lead, but you do have
9:50
some experience with sales, you're going to
9:52
go faster. Because the fact is
9:54
you have a skill and that skill is
9:56
effective communication. And when you have skills, you
9:59
have a strong mindset. When you have
10:01
a stronger mindset, there's less barriers for
10:03
you to go out and take action.
10:05
So go bananas. Go
10:08
absolutely bananas on this. Here's
10:10
the perfect part-time schedule and
10:12
part-time means 20 hours
10:15
minimum per week minimum.
10:18
Brent, I don't have 20 hours. Yes you do. I'm
10:20
telling you, you do. You have 168 hours
10:23
a week. We have 168 hours
10:28
a week. Absolutely incredible. So
10:30
even if you sleep full-time, nobody does.
10:32
Even if you work full-time, even if
10:34
you have seven kids, whatever else, you
10:37
can find 20 hours to commit to
10:39
this business. I know you can. I
10:41
have an example of this. Every Wednesday
10:44
is what we call Daddy Bow Night. Bow
10:46
is my seven-year-old. And we go out and
10:48
we get ice cream, right? And we walk
10:50
down to this ice cream shop. It's called
10:52
Scooptopia. It's awesome. It's in Central Phoenix. And
10:55
the owner there, Gina, works full-time. She wakes
10:57
up at five o'clock in the morning. She's
11:00
at her job at a
11:02
chip manufacturing plant, right? A
11:04
microchip manufacturing plant from 6.30
11:07
to like 3.30. And then
11:09
she takes off and then she starts
11:12
her shift as an entrepreneur at Scooptopia
11:14
here that she's working from like 4.30
11:16
till it closes at 8. Every
11:20
single day. She
11:22
has one employee that works part-time
11:25
on the weekends. She's there all the time. I'm like,
11:27
Gina, what are you doing? You're gonna
11:29
get exhausted. She's like, I'm living the American dream. I'm
11:32
a business owner. You know, at some point
11:34
this will, you know, offset. We'll be able
11:36
to, you know, do this full-time. They also
11:38
own a barbecue restaurant that her husband runs.
11:40
And he works full-time. I mean,
11:43
I'm just telling you, you gotta
11:45
have that hustle mindset. You have
11:47
to have that spirit inside that
11:49
says, no matter what, I'm
11:52
gonna change my life by dedicating 20
11:55
hours a week to this business.
11:57
You can do it. I believe in you. I know
12:00
that you can do it. You're incredible. So find
12:02
this time for 15 hours, a lead generation.
12:07
That's when you're actually speaking with
12:09
property owners. That's your highest income
12:11
producing activity that you have. One
12:14
hour of practice and role play.
12:16
You can do this in the mirror or you
12:18
can find somebody incredible and find role play partners
12:20
that are going to be serious with you. One
12:22
hour of lead follow up every week. We got
12:25
to make sure that we're not just hunting, but
12:27
we're also gathering. Once we
12:29
have those leads that we're doing our
12:31
lead follow up, one hour of driving
12:33
for dollars, finding the ugliest properties, the
12:35
need the most significant amount of investment,
12:37
and then two hours for appointments, more
12:40
driving for dollars if you don't have
12:42
appointments, and then more lead follow up
12:44
as you start building up your pipeline
12:46
of leads. I am telling you, you
12:48
are going to build up your pipeline
12:50
of leads. Now, Brent, I'm full time.
12:53
Boom. Perfect. 8.30 to 9. Practice
12:55
and role play every day. Noon to
12:57
12.15 lunch. We don't take
12:59
hour lunches. We don't take two hour lunches.
13:02
We don't do this nonsense. We don't decompress.
13:04
We don't do any of that stuff, right?
13:06
We're having so much fun in this business
13:08
that we want to keep doing this business.
13:11
So from noon to 12.15, you
13:13
got lunch, 12.15 to one. You're doing
13:15
your lead follow up. One o'clock to five
13:18
o'clock. You're doing additional lead follow up, and
13:20
again, driving for dollars, your
13:22
seller appointments, and then you're selling
13:24
your deals. If you're wholesaling,
13:26
you are doing your cash buyer
13:29
negotiations during this time. All right?
13:31
Awesome. So that's the difference between part time
13:34
and full time when we're going through the
13:37
real estate investing lead
13:39
generation blueprints. All right.
13:41
Now, what if we have a little bit of
13:44
a budget? What if we have a budget? What should
13:46
we do here? Well, if you have
13:48
a budget, now it opens it up a
13:50
little bit, right? Now, you're still new. You're
13:53
not to the point where I would suggest that
13:55
you do a pay per click. Not
13:57
yet. You don't have the systems and
14:00
processes in place to
14:02
make sure that you're converting if you're
14:04
brand new. Okay. If you're
14:06
brand new and you're part time, I
14:09
am telling you it is, you're
14:11
going to waste your money because
14:13
you have to respond to pay-per-click
14:15
leads within 60 seconds. Not
14:18
60 minutes, not five minutes,
14:20
60 seconds. And
14:22
this is a metric that we track
14:25
every single week in our scoreboard. Jackie,
14:27
my leads manager is tracking literally when
14:29
that call comes in, how many were
14:31
answered live. I mean, if the calls
14:33
come in from your website, you want
14:36
them answered live, but also we track
14:38
how fast we respond once we get
14:40
a notification from a pay-per-click lead
14:42
and it has to be within one
14:45
minute because they will go to two,
14:47
three other websites. You're probably the third or
14:49
fourth website that they're putting their information
14:52
in, but sometimes you're the first, you
14:54
get them, you start negotiating and you
14:56
start building that relationship early on and
14:58
you typically find better opportunities. All right.
15:01
Can you afford a VA if you
15:03
have money in your part time? Absolutely.
15:06
Absolutely. Now you can get
15:08
somebody that's really, really, really
15:10
great. We use callmotivatedsellers.com. They're
15:13
phenomenal. That's what we use
15:15
and they're the best of the best. There's
15:18
plenty of other VA companies that you can
15:20
go with. But if you're
15:22
looking for Americans calling, again, scrubbing
15:24
against the DNC list and the
15:26
litigator scrub, you're calling, you're staying
15:29
protected, you're staying like you're building
15:31
long-term marketing channels here, then yeah,
15:33
callmotivatedsellers is the best with American
15:35
callers. But if you want somebody from somewhere else, go
15:38
for it. I mean, you could definitely get them for under
15:40
10 bucks an hour. And so if
15:42
that fits into your budget, go for it.
15:44
And then either they're sending text messages or
15:46
they're calling and you're still
15:48
posting every single day. Listen, the direct
15:50
mail and the referrals, that's built into
15:53
all of these plans. I think
15:55
that you should be sending out direct
15:57
mail to very specific driving for dollars
15:59
leads. all the time, all
16:01
the time, every six weeks, they should be
16:04
getting something from you. All right. And you
16:06
can set that up automatically. Again, with deal
16:08
machine or with FlipFinder.ai, your
16:11
AI list there is another unbelievable list
16:13
to be sending your direct mail to.
16:15
You can set it all up in
16:17
there in FlipFinder.ai or deal machine or
16:19
both, just depending on what your
16:22
budget is. Right. And let's talk
16:24
about pay per lead. This is when pay
16:26
per lead starts getting into play here. Pay
16:28
per lead. All right. There's a ton of
16:30
paper leads. We use propertyleads.com. There's
16:32
a ton, right? There's lead Zolo, there's
16:34
speed to lead, there's a ton of
16:37
a need to sell my house fast,
16:39
those guys, all of those. You can
16:41
play around with whoever you want there.
16:44
But we use propertyleads.com and it's a bidding
16:46
system, right? You bid a certain amount per
16:48
lead, when the lead comes in, it has
16:50
to be a verified lead that it's actually
16:52
somebody that's selling. It's not something that's on
16:54
the market. It's not some fake lead. And
16:57
then you pay for that. And it's up
16:59
to you and your skills to be able
17:01
to convert that. All right. And I think
17:03
it's a good opportunity. I think that there's
17:05
some, there's always like weekend sales for some
17:07
of those companies where they sell it for
17:09
super cheap for the ones that are kind
17:11
of like the rougher leads, I would say.
17:14
I've heard of some people converting.
17:16
I haven't, we haven't, but there's
17:18
opportunity there. Right. Now, part-time,
17:20
you've got money and you've got experience.
17:22
All right. If you've got all that,
17:24
then I want you to be doing
17:26
both. You need to be
17:28
getting the most out of the list
17:31
that you're pulling. And that means you
17:33
are doing calls and texts. You've
17:35
got a VA that's doing both of
17:37
those for you. You can get companies
17:39
that do both of those for you.
17:41
You're doing paper leads, you've got your
17:43
referrals going and you've got your direct
17:45
mail. All right. It's all across the
17:48
board. You're doing both there because you've
17:50
got some experience. The more experience
17:52
you have, the more leads that you can take. And
17:54
that's why I say you should open it up to
17:56
both the calling and the texting.
17:59
All right. the calling and the texting,
18:01
just stay away from pay-per-click. You're going to
18:03
see basically stay away from pay-per-click until you
18:05
are full-time, you got money and experience. And
18:08
we'll get into that and that's when it
18:10
really starts opening it up. But it's really,
18:12
really, really awesome. When you get to that
18:14
point, it's levels to the game, right? Don't
18:17
jump to full-time, money,
18:20
and I've got experience. If you're part-time,
18:22
you have no budget and you're new,
18:25
right? But you see this, right? It's
18:27
all over ads and it's like, we're going to send
18:29
you all these deals and we're going to do deals
18:31
with you and we're going to do all these things.
18:34
I have never seen that model work. I
18:36
don't know what is happening out there with
18:38
those models. If it does, put it in
18:40
the comments section. I would love to have
18:43
a conversation with anybody that's built a long-term
18:45
business with people that are done-for-you leads. But
18:47
most of the time, let's be honest, that's
18:49
just the hook to get you in to
18:52
a coaching or mentorship program that you spend
18:54
thousands on. Maybe it works, maybe
18:56
it doesn't. I don't know enough about
18:58
it. But yeah, let's keep moving on
19:00
here. Full-time, no money, and new. So
19:03
you're full-time, you don't have a tremendous amount of
19:05
money. You're making the transition in your business. You
19:08
kind of keep that nest egg for living expenses.
19:10
You've got that 60, 90, 120
19:13
days, maybe six months of expenses, personal expenses
19:15
set to the side, but you're new and
19:18
you're like, you know what, I left
19:20
my job or I got a release
19:23
from my job. I've got some money.
19:25
I'm new. What should I do?
19:27
Direct mail, sniper approach, referrals,
19:30
either calls
19:32
or texts. And that's it. You're
19:35
kind of in the same boat as
19:37
part-time, no money, new. Full-time,
19:40
no money experience. Stay in the
19:42
pocket there, guys. Stay
19:44
in the pocket of doing your
19:46
direct mail, your referral, making sure
19:48
that you're being loud and have a
19:50
bunch of conviction about what you're doing,
19:53
and you're texting or calling. Don't do
19:55
both. Pick one or the other. Pick
19:58
one or the other because if you try to do it, do
20:00
both, neither of them are gonna do well here.
20:03
You just kind of wait for that. You
20:06
don't have enough money to really do
20:08
both marketing channels like somebody that's part-time
20:10
with money or full-time with money, even
20:13
if they're new or experienced. Keep the budget
20:16
tight. If you're living off it and you're
20:18
full-time or you're part-time and you
20:20
have no experience in this, earn
20:23
the conversations and go on
20:26
as many appointments as
20:28
possible. Because
20:30
this is gonna get you the experience level. This
20:32
is gonna get you that experience level and then
20:34
all of a sudden you're gonna go from no
20:36
budget to budget. No money
20:39
to money. That's when
20:41
things start opening up. But I want you
20:43
to earn the income from this business as
20:45
much as possible. Get the
20:47
proof of concept, stay focused, block
20:49
out the shiny objects and just
20:52
go for it. Just pick
20:54
one pass, either calls or
20:56
texts and go for it.
20:59
Either way, full-time or part-time,
21:01
no budget, new and experienced, stay
21:03
in that pocket. Now, let's
21:06
remember this guys. Let's remember real quick.
21:08
I want to add this into this
21:10
training because it's very important. But if
21:12
you have not put together your business
21:14
plan yet, this whole matrix that I'm
21:16
giving you is gonna get crazy. If
21:18
you don't know what your income goals
21:21
are, what you've done in the past
21:23
and where you found your deals or
21:25
maybe you're just getting started and you
21:27
don't have a written business plan that's
21:29
in front of you, all of this
21:31
is just gonna fall away. It's gonna
21:33
disintegrate in your hands. This
21:35
is gonna be the most challenging thing
21:37
you've ever done in your life is
21:39
being an entrepreneur. That's why
21:41
there's the top 1%. That's
21:44
why most businesses fail. That's why most
21:46
people in real estate, 80 to 90% are
21:48
out of it within the first 12 months. One,
21:51
they don't have a plan. Two, they're
21:53
competing, they think that they're competing
21:55
against everybody else and that's nonsense.
21:57
There's 14 million opportunities
22:00
every single year. U.S.
22:03
census says six to 10%. The
22:05
real estate market is in distress at
22:07
all times, depending on what
22:10
area you're at. So you got upwards
22:12
to 14 million opportunities. There's way more
22:14
opportunities than there are us. And
22:17
comparison is the thief of joy,
22:19
but the seed of greatness. But
22:22
you shouldn't be comparing yourself to
22:24
other real estate entrepreneurs. You
22:27
should be comparing yourself to your
22:29
business land. That's it.
22:31
This is it. This is what
22:33
you're comparing yourself to is your
22:35
business plan. So stop being an
22:38
amateur, be a professional, put together
22:40
your business plan, put together your
22:42
marketing plan based on this matrix
22:45
and go bananas. Boom. And
22:47
make sure that you take the skills test, which
22:50
is number seven here and be honest. What do
22:52
you rate yourself on the 10
22:54
skills that you need to be an
22:56
effective real estate entrepreneur and
22:58
then you know what you need to work on. And
23:01
if you've never done a deal before and you've
23:03
never done any of this, start with the one
23:05
gives you so much more runway to grow,
23:08
but growing hurts. Yes,
23:11
it does, but it makes you stronger.
23:13
Right. I watched this Alex or
23:16
Mosey little clip and I think he's just
23:18
phenomenal. I mean, he's really deep. He's like
23:20
a modern day philosopher. And he's like, if
23:22
you wanted to build somebody that was really
23:24
versatile, what would you do? You'd
23:26
put them into a bunch of situations that they're
23:28
uncomfortable with and have them, you know, get better
23:30
and better and better. If you want to make
23:32
somebody strong, what would you do? Well,
23:34
you'd have to give them a lot of stress and
23:36
that stress would build them up and they'd be able
23:38
to deal with it. If you, if you want to
23:41
make somebody patient, what would you do? Well, you wouldn't
23:43
give them things right away. I thought
23:45
that that was really cool. I thought that that
23:47
was really, really, really cool. And I think about that because
23:49
I struggle with that at times. I do. I
23:51
want it now. I want it right now.
23:54
It's like that. I don't know if it's a type
23:56
personality. I don't think I am. I'm thinking, I'm
23:58
thinking more of an expressive. type of personality, but
24:00
it's like a driver. It's like, you know,
24:02
why aren't we doing this right now? Why
24:05
isn't this happening for me right now? Because
24:07
the journey, man, the path, the things
24:09
that you have to overcome to be
24:11
a successful entrepreneur
24:15
is a challenge like nothing else, mentally,
24:19
sometimes physically, certainly
24:21
emotionally. But if you have a plan
24:24
and you follow this path, then at least
24:26
you have, you know, some
24:28
guardrails up, at least you're not just all willy
24:30
nilly, just trying to figure this all out on
24:33
your own. And so use these
24:35
tools that I'm giving you guys, use
24:37
these tools, the business plan, use these
24:39
tools for the marketing. And remember that
24:41
real estate breaks down into three parts. Lead
24:44
generation, conversion of those leads and
24:46
exit strategy. That's all real estate
24:48
investing. How are you going to
24:50
find the deals? Are you
24:52
going to get referrals? Are you going to send
24:54
out marketing? Are you going to prospect? That's
24:57
it. Conversion. You got to
24:59
pre-qualify, you got to do your lead follow
25:01
up and you got to do your offer
25:03
presentation, exit strategy. Are you going to wholesale
25:05
it? Are you going to buy
25:07
it and then sell it, flip it, flip it? Or
25:10
are you going to buy it and hold it? You're going to put it in your
25:12
portfolio. That's it. That's all
25:14
the strategy. Now there's certain strategies for,
25:17
you know, creative finance and putting properties
25:19
into your portfolio and different ways to
25:21
build up your wholesale business and your
25:23
cash buyers and all that. But none
25:26
of that matters unless
25:28
you have great opportunities and
25:30
like the number one rule in real estate,
25:32
beside, well, I say number two rule. Number
25:34
one rule is location, location, location for sure.
25:36
Number two is you make money when you
25:39
buy. You make money when
25:41
you buy the property. So you need to
25:43
find really incredible deals. And
25:45
that's why lead generation typically is
25:47
the biggest struggling point when we're
25:50
getting into this business, even when
25:52
we're growing and scaling the business.
25:54
Where do we put our resources?
25:57
Where do we put our personnel? Where do we put
25:59
our budget? Where do we put our
26:01
operation? How do we make sure that
26:03
it's all working in alignment and working
26:06
really fast? Yeah, it's
26:09
This business is awesome. This business is absolutely awesome, but
26:11
you have to have a plan You
26:14
have to have a plan or just goes crazy. That's the clue
26:16
that keeps all these three
26:18
processes together It's
26:20
what your plan is and that's your business plan so make sure
26:22
you guys will put the Link
26:24
in the comment section or the show notes one of the
26:27
two both what we're gonna put it in both Matt says
26:29
and Make sure that you
26:31
take advantage of that if you haven't all ready
26:34
Alright now let's go through the
26:36
last ones full-time. You got money,
26:38
baby You've got a budget for
26:40
this, but you're new. Alright stay
26:42
away from pay-per-click. You're gonna get
26:45
destroyed You're going to get destroyed.
26:47
I can't tell you how many
26:49
very successful successful entrepreneurs in other
26:51
areas or just highly paid professionals
26:53
people that were CEOs people that
26:55
were doctors or attorneys Want
26:58
to jump right into pay-per-click and I get it
27:00
because all roads lead to pay-per-click because at some
27:02
point you're gonna be this bottom One right
27:04
you got a full-time business You've
27:06
got a budget and you got experience at some
27:09
point you're gonna you're gonna filter down Down
27:12
there right I hope sooner
27:14
than later and that's that's my
27:16
whole goal with this training right here full-time
27:19
money And new
27:21
stay away from pay-per-click because you're just gonna get
27:23
beat by the people that have experience and know
27:25
how to you know They got all the systems
27:27
in place to get on that appointment They
27:30
know how to do the appointment intake. They
27:32
know how to go and pre-qualify They
27:35
understand the comparables. They understand the different
27:37
exit strategies to understand all of that
27:39
stuff and pay-per-click is in
27:42
most major markets 10,000
27:45
minimum spend to Google and 3
27:48
to 4 thousand depends on who you're using for
27:51
your agency That's gonna run that and
27:53
I would highly suggest somebody run that
27:56
I brought a guy in from Google
27:58
and he's running it everything for us
28:01
and the Rhino Tribe. 10,000
28:03
minimum in major markets and like 5,000 minimum in
28:06
smaller markets, but it should probably be 10. I
28:09
mean, that's how you really start building momentum. But I
28:11
don't want people spending a ton of money and they
28:13
don't have the experience on being able to close them.
28:16
Cause it will suck you dry. It'll take all
28:18
the profits that you've made from this business, from
28:20
being a real estate entrepreneur and you're just giving
28:22
it back to the market, baby. Time
28:25
and time again, people are just like, oh
28:27
yeah, I gave it back. I gave it
28:29
back to hiring too fast. I gave it
28:31
back to putting too much into different marketing
28:33
channels I wasn't ready for. So if you're
28:35
new and you've got your full time and
28:37
you've got money and you're rocking and rolling,
28:39
do everything except for pay per click. Okay,
28:43
now there might be questions on,
28:45
well, what about getting deals off the MLS?
28:47
Totally understand. I think that that kind of
28:49
falls into referral, but I left it off
28:51
of this because in my
28:53
opinion, getting deals off of
28:56
the MLS is very market
28:58
dependent. If it is a
29:00
seller market to build a
29:02
business long-term off of
29:04
getting deals off of the MLS, unless
29:06
you have a very tightened
29:09
creative finance approach to
29:12
be able to grab the properties that
29:14
aren't selling cause the prices are too
29:16
high, but you find that the property
29:18
owner will work with you in some
29:21
creative sense, I get that. But
29:23
in a really good, in a hot
29:26
market where the inventory is low, MLS
29:28
deals are, they just get bit, everybody
29:30
sees them. Everybody sees them. So
29:32
you're not getting the best deals you can. I
29:35
mean, it's case by case, I don't wanna
29:37
say that, but for the most part, I
29:39
want you to build a long lasting business
29:42
that doesn't rely on getting deals off of
29:44
the MLS cause that is the number one
29:46
house of cards that I've seen year after
29:48
year after year, people going after and selling
29:51
to hedge funds, people going after, building their
29:53
portfolio with some of these deals, people going
29:55
after, the properties on the market and getting
29:57
it low and wholesaling it.
29:59
and then all of a sudden they can't
30:01
do it anymore. The MLS doesn't have anything,
30:04
it's too congested. Everybody's trying to offer on
30:06
those properties and you can't grow. With
30:08
this, you can grow. I am telling
30:11
you, this is the path that's the best
30:13
of the best of the best of the
30:15
best follow. So at the bottom, full-time money
30:17
experience, some direct mail, answer
30:20
those calls live. Answer those
30:22
calls live when people call you from direct mail,
30:24
answer those calls live and you can play around
30:26
if you have a big enough team and
30:29
a nice sweet budget, you can
30:31
start sending out some significantly more
30:34
direct mail, right? You're already
30:36
building referral base because you and everybody
30:38
in your staff is posting that you
30:40
buy houses all the time. You could
30:42
slap a sticker, wrap your car, that
30:45
you buy houses. You could get billboard,
30:47
you could do all sorts of different
30:49
things, right? You're doing the calling, you're
30:51
doing the texting. You've got VAs doing
30:53
all that for you. So that's all
30:55
taken care of. You have scrubbed against
30:57
the DNC and the litigator lists but
31:00
you're still finding great opportunities on there.
31:02
You're doing pay-per-click, you're doing pay-per-lead. Now
31:04
you've got it all. Now you've got
31:06
all these different marketing channels. The interesting
31:08
thing about that, once you build it
31:11
to this point, whoa, once you're at
31:13
that performance plus, if you look at
31:15
the little, little brainstorm there
31:17
and I'll go through that in just a second,
31:19
but you've got all these different marketing channels. One
31:21
marketing channel is gonna go bananas one month. Then
31:24
all of a sudden, for some reason, this
31:26
one's gonna go crazy. And then that one,
31:28
and then all of a sudden, one month,
31:31
they're all going bananas and you end up
31:33
having a really, really, really, really solid month.
31:35
And so that's where I'm at in my
31:37
business. We're having the best start of our year
31:39
that we've ever had. We've got
31:42
the systems dialed in. We've got the
31:44
A, A, A plus, plus, plus people
31:46
on the team on every single seat
31:49
on the bus, so to speak. I
31:51
don't know why that's the thing, seat on the bus. It makes
31:53
sense though. I don't know why. When I think of that, I'm
31:55
like, yeah, you know, he's on this scene, she's
31:57
on this scene, this and this. I don't know why, but.
32:00
It's a good analogy. And we've got all
32:02
the rows, rock and rolling. That's
32:04
the blueprints. This is what we do. And this
32:06
is, it's a plug and it's not a plug.
32:08
This is what we do when people join our
32:10
coaching program is, I go
32:12
through it because I've diagnosed, you know, 3000
32:14
of these. I know
32:16
where to put people and the right practices
32:19
and the right tools and the right systems
32:21
to put in place. And then you layer
32:23
on top of that accountability of did you
32:25
actually do what you're supposed to and support
32:28
from 40 hours of support calls
32:30
a week and you just can't
32:32
lose. That's why the Rhino Tribe is
32:34
the best of the best. But you
32:36
can certainly take this. You can YouTube,
32:38
university, do all that stuff, do your
32:40
thing, rock and roll. But if you
32:42
want to join the best of the
32:44
best, wholesalinginc.com, check us out. Love
32:46
to have a conversation with you. But
32:48
that's it guys. That is the
32:51
breakdown of the real
32:53
estate investing lead generation blueprints. I
32:55
am telling you, follow this path.
32:58
First put together your business plan,
33:00
then put together your marketing plan
33:03
and then take massive imperfect action
33:05
and work your way down to
33:08
the bottom of these blueprints. And
33:10
I am telling you that is going to
33:13
be the key to success. You stay focused
33:15
on that. You stay diligent on
33:17
it. You don't spend money frivolously. You
33:19
don't get that big check in and then
33:21
all of a sudden you're spending it on
33:23
all these other things that are going to
33:25
just take all your money. Oh, well, I
33:27
want to work on the business, not in
33:29
the business. Not yet. Not
33:32
yet. Earn that right. Earn
33:34
that right. It takes a while. It takes a
33:36
long time to do that. It
33:38
takes a long time to have enough success
33:42
to be a magnet for successful
33:44
people to join you. Because
33:47
what happens is you get to
33:49
success, you have some success, and
33:52
then you have other people that aren't successful
33:54
that want to be around you and then
33:56
you hire them. They're the wrong fit. It
33:58
stunts your growth. go, you take two
34:01
steps forward, three steps back, all of a
34:03
sudden you have to lay everybody off and
34:05
you're starting at a place that you don't
34:07
want to be at. You start
34:09
backwards. And so don't do that.
34:11
I don't know if I explained that right, but that happens.
34:13
That's exactly what happens. But when you have
34:16
enough track road of success and
34:18
you can show people that you have built
34:20
something special, you built a machine, that if
34:22
they come into this machine, the machine's going
34:25
to be even better, absolutely
34:27
even better, and they'll be able
34:29
to maximize their potential of earnings.
34:32
That's when you get the best people
34:35
to work with you, never for you.
34:38
Working for somebody is a option.
34:41
It's a choice. People don't
34:43
have to work. People don't have
34:45
to certainly work for you. So
34:48
they never work for you. They work with
34:50
you. And if you
34:52
have the plan in place and the business
34:54
plan and the success record, boom, that's
34:57
when you get to incredible profitability.
35:00
And that's when you can work on the
35:02
business, not in the business. So
35:04
earn that right. I love you. I hope
35:06
you got a lot out of this. Thank you for joining us,
35:08
guys. We love you. Keep your house
35:10
clean, protect your health and increase your value
35:12
to the world. You live an incredible life.
35:14
I'll see you next week. That's
35:17
all for this episode. Your next step
35:20
to success is to continue the conversation
35:22
over at wholesalingace.com. By
35:24
joining the mailing list, I always get your
35:26
chance to book a strategy session to learn
35:28
the system and become part of the tribe
35:30
and work personally with one of our amazing
35:33
coaches. We'll see you next episode
35:35
with more ways to make you a fortune
35:37
in wholesaling.
Podchaser is the ultimate destination for podcast data, search, and discovery. Learn More