Great new video on “Doing Something” versus worry about what could go wrong or right – get out and take action!
Popularity: 21% [?]
Jan
27Learn the 10 Key Success Habits of Millionaire Real Estate Investors
Filed in: Motivational by Mike Lautensack on 01-27-10Please listen to the audio of the below information (about 50 minutes)
(1) Develop Your Business Plan A top notch Business plan is the #1 thing all real estate investor must have to grow and accelerate your business. You must know where you are going if you want to get there. Do NOT wonder aimlessly around from one idea to another and from one type of real estate investing to another. This is why so many real estate Gurus make money as people cannot focus on one strategy but keep buying more and more stuff as they wonder around.
Your business plan does not have to be fancy but all investor should have written goals or business plans to lay out your direction and business strategy.
If you would like additional coaching to develop your business plan please feel free to contact me about mini-coaching sessions at
http://www.realestatewealthtoday.com/MiniCoaching.html
(2) Focused Strategy Similar to #1 above it is imperative to have focused strategy. Nobody can be very good at every type of real state investing and nobody will have success being average. You need to choose one focused strategy and become very good at and become the go to expert in your type of investing. Become the local expert and money will flow to you.
(3) Focused Geographic Area Again similar to the above a focused geographic area is key to success. Pick a small town or area with about 10,000 to 15,000 homes versus a large city like Philadelphia with 3 million people. The small focus again allows you to become the local expert and you know prices and rent better most real estate agents or sellers. When a seller calls you should know within a small range what that home is worth and then decide if it is worth going to see. If you pick a larger area you never become an expert and never develop this specialist knowledge. Money flows to those who have specialized knowledge.
(4) Get Educated There are two types of people in the world those who read and learn and those who do not. Spend money and buy books, tapes, Cds, eBooks and anything you can get your hands on to quick learn what the experts in your strategy are doing to be successful. This process should never stop and even at some point you should start to teach others your specialized knowledge. ABL – Always Be Learning.
(5) Learn From Mistakes Failure is a natural result of all business ventures. But the important point the separate the successful from the unsuccessful is successful people fall forward and get up looking forward versus backwards. Be sure to learn from mistakes and use that knowledge to perform better next time versus using them as excuses to not do something in the future.
(6) Learn Direct Response Marketing
Direct Response Marketing Is a form of marketing designed to solicit a direct response that is specific and measurable and allows the potential house Seller to request additional information. Common methods of response include mail, telephone, fax, toll-free hotline, website or email. Typical information requested is a FREE Report, prerecorded message, website info or some form of mailed information about your house buying program. The Primary Purpose is to capture their contact info for future direct mail and other marketing messages.
One-step Marketing — One-step marketing is where we get your entire marketing message out to your potential customer in one-step. For example, you may place a newspaper advertisement, or a giveaway coupon or even cold calls are forms of one-step marketing. With any one-step advertisement you are getting your entire marketing message out and trying to make a direct and immediate sale.
Two-step marketing — Two step marketing is trying to use an ad to peak someone interest enough to get the potential customer to take some action, but not necessary purchase something at that time. You are looking for people to essentially “raise their hand” and say I may have some interest in your product or service. The potential prospect is saying please tell me more about your product or service so I can decide if I want to purchase at a later time once I understand more about the benefits and cost.
(7) Become a Real Estate Expert – Be sure to follow the real estate news and get ahead of trends. Do not be the one who is investing in the area that has turned negative. Follow news sites like Inman.com, Yahoo.com news, Bloomberg ect.
(8) Learn to Raise Private Money Private lending is a consistent source of money from private individuals to purchase real estate deals. You can go back to Private Lenders again and again and again to fund your deals. Imagine having all the money you need to take advantage of today’s low real estate prices WITHOUT going to banks or putting up PERSONAL GUARANTEES.
http://realestatewealthtoday.com/Private-Lending-Presentation-Kit.html
http://www.private-lending-secrets.com/
(9) Social Media Social media is the next major wave of human communication. Get out in front and learn to use sites like Facebook.com, Twitter.com, Youtube.com and
(10) Learn to Use Technology -
i) Website – I recommend a website that you can purchase that is pre-made to start such as Inet USA. These websites are easy to set up because they are predesigned for real estate investors
Go to http://www.clickandbuildawebsite.com/freetrial/cb_index.cfm
ii) Good phone system – I recommend a good phone system like Freedom Voice System. I have used this for years. These do many functions included provided answering services with up to 1000 boxes, voicemail blasts, fax blast and even live answer if you want that service
iii) Auto responders – An auto responder is a software that you use to organize your contacts, Most auto repsonders allow you to send emails out to all your contacts or a certain segment
I recommend Aweber at www.aweber.com.
Popularity: 23% [?]
Jan
03Mark McClure UNLEASHES his 4 Secrets To Instilling a Massive Belief System
Filed in: Motivational by Mike Lautensack on 01-03-10International sales and marketing guru Mark McClure UNLEASHES his 4 Secrets To Instilling a Massive Belief System that will allow you to make more money, close more deals and CRUSH the competition!! If you can spare 6 minutes…….this will ABSOLUTELY CHANGE YOUR LIFE!!!!
Popularity: 23% [?]
Sometimes inspiration arrives as words of wisdom with a gentle nudge. Other times it arrives as a swift kick in the pants. And it can even arrive as a bit of a poke in the eye.
Jim Rohn delivers all 3 in this 7 minute video excerpt. Jim Rohn passed last weekend and left us a great trail to follow. To put Jim Rohn in context, he was Anthonhy Robbins first coach.
Thank you Mr. Rohn for a life well lived.
Popularity: 24% [?]
What would your life be like if you doubled your income this year? What if you doubled your income AND you doubled the time you spend doing what you love with the people you love?
How can you go from a big dream to reality
Think its impossible in this economy? Its not! In every shift of the economy down or up there are winners and losers.
Even in the Great Depression, people came out new millionaires. Today will be no different.
The Secret You Need To Create Wealth
The key to being successful in life and with your business is Focus.
Focus? What am I talking about?
The key to being truly successful is knowing how and where to focus your time and efforts. For example, just yesterday I was talking with someone who sells fiber optic cables and computer hardware. He wanted to know if I thought it was a good idea to diversify and try to resell self-improvement programs online.
Here was someone who was doing fairly well with one business and about to take his eye off his primary source of income and try something he knew nothing about.
Bad idea!
If you want to be successful, the key is finding something youre good at and focusing your efforts on just that becoming rich doing it.
Discover the REAL secret of success!
Heres a timely example: every successful small business owner knows they need to improve their marketing strategies in a recession like we have now. They know they need to find a way to attract more clients and make more money. When times are tough, you need to aggressively go out to find new clients and sell more products or services.
But most dont know how and where to focus their marketing. They try a little of this and a little of that and get very little in the way of real results.
Knowing how and where to focus your efforts is your key to success.
Find out where to focus your marketing efforts if you want to be a big success!
With a proven system for getting new prospects attention, generating leads, converting leads to clients, maximizing sales and generating repeat sales you can easily double your income while cutting your time on the job in half (or even more).
Heres the fastest way to achieve your dreams!
4 Options For Achieving Your Dreams
and the one that works
1. Try copying what others are doing
This might work. Anything is possible, but most new businesses fail. Even if you try copying the one that appears to be making money its impossible to know whats working for them and whats not. You could easily end up copying one of their failed strategies.
2. Wait for lightning to strike in the form of a revolutionary product or service and then hope you get featured on Oprah.
Your odds are slim but again, this could happen.
Counting on it would be a mistake.
3. Maintain a positive attitude
Im sure youve heard it before: your chances of success are higher when you focus on creating opportunities but at some point youre going to need more than just a positive attitude.
Youre going to need guidance and tools to reach your dreams.
4. Find a proven system, one that shows you exactly how to become a sought after expert, how to grow your business, and how to maximize your profits so you have a steady stream of leads, sales and profits (so you can make more money).
With option four youll be working with a time tested strategy for success.
Heres what I recommend and with you can make three to ten times as much money in half the working hours that most people do.
How To Make More Money In The Next Month Than Most People Do in a Year
The Best Way For YOU to Achieve Personal Success
The path to personal success starts with a proven system that will help you build wealth. And now its easier than ever to achieve your personal and business goals by using this complete wealth-building system.
It gives you a proven system that delivers new leads and clients each month and gets you closer to achieving your dreams.
It is the most effective business-building system Ive ever seen.
Its the system we use, and the one I recommend you start using immediately as well.
If personal success is achieving your dreams, this system will help you get there.
- Brian
P.S. Want to discover how much more successful you could be, and how much more money you could be making?
You can put this proven wealth-building system to use within days and start to increase your sales and profits while slashing your working hours.
Interested in going from dreams to reality? Take action!
Popularity: 19% [?]
Aug
15“How I Turned $1,000 Into A Million In Real Estate—In My Spare Time”
Filed in: Motivational by Mike Lautensack on 08-15-09Long before Rich Dad, Poor Dad, Art of the Deal and the gazillion other books on how to get rich in real estate were published, William Nickerson was the author everyone read. I recently poured over his cla
ssic How I Turned $1,000 Into A Million In Real EstateIn My Spare Time and think its still the best of the genre.
Nickersons formulawhich he calls pyramidinginvolves buying properties that need a little work, fixing them up and renting them out at higher rates. You then use the equity you build through that process to trade up to a larger property. Nickerson starts with a duplex and ends up with a 30-unit apartment building.
The first version of his book came out in 1959. I was struck by how much of what he wrote is still relevant today. Granted the first duplex he bought cost $8,500 and the initial rents were $90 a month. But the interest ratesat 5%are about what you would pay today.
Nickersons description of how the housing market sunk in the Great Depression also sounds familiar. Home owners took out high-interest loans, 8% at the time, on a short term loans. The loans left them with much larger payments due in five years. When the big payments came due they were unable to refinance and got foreclosed on.
In between his financial wheeling and dealing, Nickerson spins some homey business advice. For example, never use the same Realtor you used to buy a property to help you sell it later. Thats because the Realtor will have the low price you paid stuck in the back of his mind and hell try to get you to accept less in order to close a deal.
In a section on leasing your apartments, Nickerson reminds the reader to never forget to say Buy before Goodbye. Its another way of saying Dont forget to ask for the order. Nickerson advises that when youre showing an apartment to prospective tenant make sure to ask questions that lure them into saying yes, such as Would you like to move in on he first of the month?
Nikcerson updated his book every decade or so. The $1 million in real estate became $2 million, then $5 million. He died in 1999penniless.
Just kidding about that last part.
Popularity: 39% [?]
