I don’t use money as a way to gauge my self worth, but as a tool.
Trevor Mauch, CEO of Carrot
I wasn’t always wealthy… I didn’t come from money, I never had an upper hand in life, and I’m not even that great at managing my own money.
But thankfully I had a few people in my life who took their time to show me how to view money in a completely different way, recognize the opportunity that is available to everyone, and create abundantly, lasting wealth that brings real freedom & flexibility and allows me to make a massive impact.
And today, I’m going to break it all down for you. Get ready to take notes and follow me on IG @trevor.mauch to get my wealthy “cheat sheet” and other golden nuggets from this episode.
Listen to the CarrotCast Podcast:
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The Mindset of Money Conversation
4:13 – Whether good or bad, our worldview of money is shaped at an early age. Hear Trevor’s backstory of growing up without much money, but having parents who built their own businesses and shaped his mindset around money.
10:15 – My journey from making $16k/year to $200k in my late twenties to Carrot bringing in just under $6 Million in revenue.
13:59 – Wealthy people don’t gauge their worth by how much money they make. After $60-70k/year, income has diminishing returns.
16:19 – Wealthy people realize the opportunity to create income is abundant – Scarce vs abundance mindset.
17:24 – Breaking down misconceptions around money and happiness. If you don’t first find purpose in your work, the money will never make you happy.
19:05 – Chuck’s Texaco – How one mechanic found happiness and purpose in his work, and never wants to retire.
21:48 – Wealthy people create income from assets vs creating income from a job.
22:43 – How Trevor entered real estate at age 21, by buying his first rental property with only $600.
26:12 – Wealthy people invest and give, while others save and spend. Check out The Latte Factor!
28:51 – Wealthy buy only what they can afford in cash. Others take loans and debt on consumer goods. Create wealth-building habits that map to your goals.
30:41 – Wealthy people use credit cards the RIGHT way – to grow wealth and help manage finances.
31:55 – Wealthy people’s expenses stay well below their income threshold, instead of rising.
33:09 – Wealthy people buy back their time in the early stages, instead of buying more stuff.
35:33 – Finding Happiness in a 535 square foot apartment.
38:19 – Wealthy people focus on adding income, not cutting expenses.
39:54 – Wealthy people become wealthy by adding value to others, not by taking money.
43:20 – Working for free…People pay what your services are worth to them. Understand your immense value, have the confidence to tackle your insecurities, and start charging what you’re worth.
48:17 – “The best things I ever spent money on were experiences.”
51:05 – “You are rich right now” Money aside, what do you have in your life that makes you rich? Share with us on Instagram, what makes you #richrightnow
59:50 – Create positive, situational affirmations around flawed money mindsets.
Follow Trevor on Instagram to get the True Wealth Cheat Sheet!
EP 103: Forgot To Have Fun? Lost Touch With Your Passions? This 7 Minutes Can Change It All For You: CarrotCast
EP 101: I Hung Out With 6 People Each Worth $300M+ This Month… 6 KEY Lessons I Learned: CarrotCast
EP 36: What’s Your Credibility Score? The Top 5% Of Earners Are Doing These “Simple” Things To Build More Credibility In A Cluttered Market w/ Trevor Mauch: CarrotCast
We want to hear your thoughts on the podcast! Drop them in the comments section below or hit us up on Facebook or Instagram
Even though the housing market has been thriving for the last several years, 2019 is going to be a different story…
What’s happening? Well, last year’s high home prices, low mortgage rates, and significant home price growth tilted the market in favor of sellers and investors. More than likely, that helped you close a lot of great deals for a pretty good profit, but now the “thriving” market is shifting.
No one is expecting a housing crisis. but make no mistake, this downturn is going to shake up the market.
Here’s what you should expect: a limited inventory means there’ll be more competition for leads. Higher mortgage rates mean more priced-out buyers and a harder time generating leads. And a mild decline of home sales means closing deals might take more incentives.
In other words, whatever strategies worked for you in 2018 might not be as effective in 2019. Success in the new market is going to require more creativity. You’ll need to be comfortable evolving with the market, or you’ll risk the market leaving you behind.
But don’t be too intimidated. Even though the market is going to be tougher than last year, it’s still healthy. If anything, this is a chance for you to show what you’re made of. It’s an opportunity to break above the competition instead of getting discouraged or sticking to business as usual. But that’s going to take some preparation…
How to Grow Your Real Estate Business: Understanding The 2019 Market
Realtor.com’s 2019 housing forecast reports that this will be a tough year for buyers and sellers. Buyers are facing increasing mortgage rates and pricier monthly payments (about 8% more expensive). This will keep quite a few would-be first-time homebuyers out of the market.
Sellers and investors don’t have it much easier. There’s going to be a lot more competition out there, and you probably won’t be able to close deals as easily. Selling is going to take longer and it might even require some incentives like price cuts. Bidding wars are also pretty unlikely since inventory will be limited.
Remember, the market is still healthy, it’s just a bit tougher than it used to be. If you price competitively, use incentives, and get creative when it comes to generating leads, you can still thrive.
Your Mindset Should Evolve With The Market
The market is changing, so your mindset should too. After all, this isn’t 2018 anymore, so it’s time to throw out last year’s strategies and get ready to find new ones.
If you don’t change your strategy to account for the changing market, you might miss out on some great opportunities to grow your real estate business in 2019. So, let’s talk about where you should focus your energy.
There’s some evidence to support that marketing harder during downturns can give you a competitive edge. A study by McGraw Hill’s Research Laboratory of Advertising found that business people who put more money and time into marketing during downturns did better than those who buried their heads in the sand. By the time the economy recovered, they hit the ground running and flew even further past the competition.
You should also pay attention to your testimonials. Your clients have a lot of money on the line, so boosting your credibility profile is a must. Don’t just tell everyone how good you are – show them with case studies, career highlights, or glowing testimonials.
It’s a worthy use of your time and it could give you a leg up on the competition.
It’s also crucial to get creative with closing deals. Since you probably won’t be able to name a price and make it in full, and it’s even less likely that buyers will get in a bidding war for the home, you might have to use price cuts or some other kind of incentive to stay competitive.
Rise above those who aren’t ready to innovate and stand out with out-of-the-box deal closers.
Generating Leads in 2019
All of the changes the market is going through, in addition to some new players on the field (like Zillow’s iBuyer program and Facebook advertising), is putting a lot of pressure on you to find clever ways to generate leads and grow your business.
Like I said before, you’re going to have to get creative if you want to thrive in the new market. Here are 4 examples of what I mean.
1.Use Facebook Messenger Ads to Increase Response Rates
The more text boxes and steps your form has, the more opportunities you’re giving a potential lead to get bored or discouraged and leave. Never lose a promising lead to something so easily preventable.
As a rule of thumb, interactivity will help you boost lead engagement, so finding a way to interact with potential leads immediately is essential, even if that means you don’t get all of their information up front.
One great way to do this is by using Facebook Messenger ads. At the click of a button, the potential buyer is connected to a live conversation with you or whoever it is you’ve delegated to the chat box. This cuts out practically every step on your form, so the person can ask whatever they want in real time without giving up any boring information. Since there’s minimal time investment on their end, this can ward off early dropouts and boost your response rate.
You can do something similar with your real estate business.
I know. Cold calling is intimidating, but if you’re just sitting back waiting for leads to roll in, why not give it a shot? You’ll get hung-up on more often than not, but if you find a lead, it’s all worth it.
If a pure cold call is asking too much, try calling people on your own contact list. You already have a relationship with them, and even if they aren’t interested, maybe they have friends who are. Better yet, try calling expired leads. Freshly expired leads are probably a no-go (competition is fierce for those), but the much older leads, think 6 months to a year, are far less competitive.
Give some of these people a call and ask what their plans are. If you can find out why they decided not to sell, tell them how you can help. Even if they say no at first, you might have gotten them back in a selling mindset and earn their business down the line.
3.Give Automated Text Messages a Shot
Believe it or not, emails aren’t the best way to reach your prospects these days. MailChimp reported that the average email open rate is a dismal 21%. Compare that to the 94% open rate of text messages reported by Essendex and there’s no question which method is best for securing leads.
But why stop there? Your competition has already figured out that they should use SMS to contact leads, so you need to take it to the next level: automated text messages!
Imagine losing a potential lead because you were driving, eating, sleeping, stuck in a meeting, or just missed the notification.
You probably weren’t the only person they reached out to, and whoever gets back to them first might win them over. Having a simple automated message that asks a few questions and assures them that you’ll get back to them is a great way to immediately engage them and stay on their radar.
4.Invest in SEO
So, credibility, testimonials, and response rates are all important if you want to generate and maintain leads – but not if no one can find you on the internet! In their 2018 report, the National Association of Realtors found that 44% of home buyers began their property search online.
That’s where search engine optimization (SEO) comes in. By filling your website with high quality content written with SEO best practices, you’ll be able to rank higher on major search engines and pull in new leads.
You can be certain that your competition has already begun optimizing their websites and publishing keyword-rich articles and blog posts, so jump into the SEO game as soon as possible. It’s a long-term strategy, but once you get it rolling, it can save you a lot of money and win over plenty of leads.
I covered the importance of SEO in real estate in a previous article. Some of the most important ranking factors I talked about were website loading speed, optimization for mobile users, lowering your bounce rate, getting SSL protection, and consistently publishing optimized content.
That might sound pretty intimidating, but you don’t have to do it alone. Here at Carrot, we have plenty of great resources for you like our SEO Keyword Bible or Content Pro and Advanced Marketer plans (which come with 12 and 24 optimized blog posts per month respectively).
Here are just a few Carrot “Doses of Awesomeness” for SEO inspiration…
“Just wanted you guys to know the you’re absolutely amazing! With all of the tools and SEO advice that come with Carrot, I was able to make huge changes in my rankings in just one week!! Not to mention A1 customer support! Thank you!”
– Taylor Madewell
Good morning!
My name is Erin Pennington and I am the Marketing Manager for Alcala Properties/Laurel Buys Houses. I just attended your 2 day Carrot marketing summit and have been watching all the videos on how to improve SEO, let me tell you that we got 4 deals into contract this week, 2 of which are SEO. I would love to get one of those adorable carrot stuffies to put on my desk and flaunt in the office! Thank you for all the help you and your team provide on a daily basis! I think 2019 is going to be an epic year for our company!!!
“From SEO this year we’ve done 19 deals. 13 of those have been in the last 3 months. That’s great!!”
– Teal Clise (CR of Maryland)
Conclusion
These are just a few examples of what I mean by finding innovative and creative ways to generate leads. Get those creative juices flowing this year and come up with a few of your own. That’s the kind of mindset you need to adopt if you want to thrive in this year’s market.
It’ll be a challenge, but it’s also an opportunity to show what you’re really capable of.
What fears do you need to conquer in order to become the absolute best version of yourself?
Trevor Mauch, CEO of Carrot
I thought I had it all figured out. I was making over 100k a year as my own boss. But I wasn’t happy…
I wasn’t who I wanted to become – the best version of myself. I was Insecure. I was afraid of failing.
There had to be something more and I was going to do whatever it took to take the leap of faith, even if it meant walking away from everything I’d built. It was time to chase my vision. It was time to take a risk, conquer my fears, my insecurities, and forget about what other people think.
It was time to go down, so I could go up.
Listen to the CarrotCast Podcast:
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The Conversation
2:18 – I was miserable… It was 2010 and I’d hit a financial low of making just 16k a year. Something had to change. I knew there was more. More purpose, more happiness, more purpose. I had to transform.
4:48 – Why risks and sacrifices, and ultimately facing your fears must come before success: A tree, a seed, and a bird.
6:57 – 15-20 years the tree is fully grown, producing fruit. What happens when a baby bird learns how to fly? He has to stand on the edge of the nest first.
10:03 – I finally had a breakthrough and netted 15k in one day! At the time I thought I had it all figured out. But I wasn’t happy. I wasn’t where I wanted to be. I had to take a leap of faith and figure out how to make money while being happy, having purpose, and adding value.
12:15 – I’m someone who doesn’t ask for help. I tried to leave it all up to myself and do it alone. I had to get over that. I had to shed my shell, get transparent, and get over my insecurities.
15:04 – “I’ve got a plan” Why any time someone criticizes you for following your own dreams, they’re speaking to their own insecurities or inabilities.
19:35 – Ego was one of my biggest obstacles. I had to conquer that too.
20:56 – I want to give you permission to take a step back, to forget what other people might think, and take a step down, so you can grow up. Let me walk you through writing down your “shells” aka what’s holding you back. What do you need to conquer?
23:39 – Now write down your vision – the seed, water, and the tree. Does it get you insanely excited? Does it give you the energy you need to become your best self?
EP 103: Forgot To Have Fun? Lost Touch With Your Passions? This 7 Minutes Can Change It All For You: CarrotCast
EP 101: I Hung Out With 6 People Each Worth $300M+ This Month… 6 KEY Lessons I Learned: CarrotCast
EP 36: What’s Your Credibility Score? The Top 5% Of Earners Are Doing These “Simple” Things To Build More Credibility In A Cluttered Market w/ Trevor Mauch: CarrotCast
We want to hear your thoughts on the podcast! Drop them in the comments section below or hit us up on Facebook or Instagram
It’s crucial to say what you do and do what you say… your personal reputation is too important.
Jack Bosch
Jack Bosch is the expert when it comes to land. In 17 years of flipping land, he has successfully flipped over 4,000 lots, and plans to flip about 15 deals PER MONTH this year!
2019 has been his best year ever and he’s going to share why now is an amazing time to start and how you can break into the market with a few tips and tricks.
Learn how to create cash flow that provides generational wealth and get the knowledge, capability, confidence, and courage to succeed.
Listen to the CarrotCast Podcast:
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The Conversation
4:03 – Jack’s background in Real Estate – His main game is land flipping, but his team also deals in multi-family and other markets.
8:46 – Creating cash: Using the wheel of wealth to reduce expenses and invest it into assets.
23:21 – The 3 types of land Jack goes after and exactly how to find land buyers and sellers that turn into the best deals.
27:46 – Jack Bosch’s top tips on how to start buying and selling land.
35:30 – Breaking down the math behind Jack’s investments. How much revenue are his deals generating?
42:30 – Jack’s marketing mix for finding buyers and sellers. How direct mail and online are working together.
47:27 – Top resources for where to find buyers for land. Carrot.com with PPC and, LandWatch, Lands of America, LandFlip, Facebook Marketplace, Craigslist, RedFin, and Zillow. Start with free resources and amplify them with paid marketing.
EP 57: You Can Achieve Financial Freedom and Build True Wealth w/ Jack Bosch: CarrotCast
EP 47: Flipping Vacant Land: How Gary Horton Pivoted His Wholesaling Business In A Tough Market To Be On Track To Flip 100 Pieces Of Bare Land In 2017: CarrotCast
EP 36: What’s Your Credibility Score? The Top 5% Of Earners Are Doing These “Simple” Things To Build More Credibility In A Cluttered Market w/ Trevor Mauch: CarrotCast
We want to hear your thoughts on the podcast! Drop them in the comments section below or hit us up on Facebook or Instagram
Listen to the CarrotCast Podcast and Subscribe Below!
Focus on progress, not perfection.
Trevor Mauch, CEO of Carrot
Meet Troy. Troy is a 10-year real estate investor, so he kind of knows his stuff. One day while driving to work, Troy thought
“I’m not getting any leads through my Carrot website, I think I’m just going to cancel.” But Troy’s not a quitter, so he decided “Ya know what, I actually like making money. Maybe I’ll give it another shot.”
So Troy started ramping up his marketing through PPC and got some help from the Carrot folks. It turns out his work paid off… Troy made over $50k last month by closing 4 deals he got through his site.
Now Troy is getting results. Now Troy is ramping up his business. Now Troy is happy! Here’s how he did it…
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The Conversation
2:29 – Troy’s started out 10 years ago as a real estate investor and house flipper in Milwaukee, Wisconsin. Right now, he’s averaging about 8-10k per PPC deal and closing roughly every 1 in 5-10 leads. Get in touch with the PPC experts he used HERE.
8:41 – What one thing is costing you the most money? Lack of follow-up with your leads. Consistent follow up is key to closing your deals. Sometimes we think we’re bugging people by calling, texting, and emailing him. Without his persistence through 8-10 phone calls, Troy would’ve missed out on $30k from someone who wanted to sell their house.
13:12 – How he plans to ramp up his marketing this next year. Doubling down in online, optimizing his website, and committing to larger direct mail campaigns.
17:32 – How much can you afford to spend per deal? Figure out your max cost per lead and max cost per deal by watching this video: https://carrot.com/blog/max-cost-per-lead/
18:16 – When something is not working, make a mindset shift and ask yourself “Have I truly given this a real chance?” Troy knew his time could be better spent on getting deals done so instead of going the DIY route with his website and marketing, he outsourced it and hired experts, and switched to Carrot’s advanced marketer plan.
21:15 -Suggestions for success from a Carrot customer. Commit to finding a way to drive traffic to your website. There’s a reason why we repeat ourselves at Carrot… the model works! Implement and educate, implement and educate.
The Secret To True Happiness For Ambitious Entrepreneurs w/ Seth Buechley: CarrotCast
My Struggles And 8 Success Lessons Learned… From Paying Taxes With My Credit Card To Multi-Million Dollar Businesses:CarrotCast
What’s Your Credibility Score? The Top 5% Of Earners Are Doing These “Simple” Things To Build More Credibility In A Cluttered Market w/ Trevor Mauch: CarrotCast
We want to hear how we can make our products better and what we can do to help you! Drop them in the comments section below or hit us up on Facebook or Instagram
Listen to the CarrotCast Podcast and Subscribe Below!
Prosperity comes from purpose. Knowing why you’re doing what you’re doing will give you the strength to endure.
Trevor Mauch, CEO of Carrot
I invited my mentor and close friend Seth Buechley out to my house this past weekend to talk about what we’re learning on our journeys as entrepreneurs, some of the growing pains with scaling Carrot (#599 on the Inc 500/5000 & Oregon’s fastest growing software company) and what we’re doing in order to lead our teams well and continue building valuable businesses.
Seth has sold multiple companies worth hundreds of millions of dollars, is the CEO of Cathedral Consulting, and the host of the Business Done Right podcast.
Listen to the CarrotCast Podcast
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The Conversation Between Seth Buechley and Trevor Mauch
3:36 – Once you have a vision for your future, your dreams will begin to materialize quicker. Think long term for your family and your business – create a life list! Where do you want to wake up in 5, 10, 25, 50 years? The life I was living as a serial-entrepreneur and freelancer actually wasn’t the life I wanted.
7:27 – If you’re like most entrepreneurs, you tend to “cycle” every 3-5 years or so and get bored or distracted by the next big thing. We need to practice patience and persistence and focus on what resources that we have right in front of us in order to be successful. Become an expert in one thing before branching out and focus on niching down in your industry.
15:59 – Make yourself “less relevant”. Being a great leader sometimes means taking a step back and empowering your team to step in. Learn how Trevor has created systems and processes that have allowed him to gain more freedom and flexibility, while still being the voice of the brand.
23:31 – Leaders must make tough decisions. When we avoid them, we put the successes of our business, our team, and ourselves at risk. Hear why turnover is a sign of a healthy culture… to a certain point.
28:17 – What’s the difference between transactional leadership and transformational leadership? Transactional leadership worked for Trevor until Carrot hit around the $1 million revenue mark. It’s reacting and delegating. It’s creating basic processes for how to complete tasks. Transformational leadership is empowering and unleashing your team, ultimately freeing you up from small tasks. It’s done by asking “What’s the outcome we’re looking for? and What’s the way we measure success? And “What’s blocking you?” Write down where they’re blocked and invest in the time to train them on decision making – design a process that guides them through the right questions to ask.
46:20 – I used to say I wasn’t a morning person. A habit tracker is the key tool that helped me change that…. and I’ve never even been good at habits!
52:34 – Accountability is misconstrued. You can create it for yourself through social pressure, measurements, and honesty. Habits that get you thinking about things differently.
ADDITIONAL CARROTCAST EPISODES
The Secret To True Happiness For Ambitious Entrepreneurs w/ Seth Buechley: CarrotCast
My Struggles And 8 Success Lessons Learned… From Paying Taxes With My Credit Card To Multi-Million Dollar Businesses:CarrotCast
What’s Your Credibility Score? The Top 5% Of Earners Are Doing These “Simple” Things To Build More Credibility In A Cluttered Market w/ Trevor Mauch: CarrotCast
We want to hear how we can make our products better and what we can do to help you! Drop them in the comments section below or hit us up on Facebook or Instagram
This blog post will explore how real estate wholesalers can make the most of virtual real estate business opportunities.
What is Virtual Real Estate Wholesaling
Real estate wholesalers traditionally relied on physical interactions with properties, buyers, and sellers to conduct their business. However, with the rise of technology and changing times, virtual real estate businesses have become the new norm.
Virtual real estate wholesaling is a method of buying and selling properties without physically visiting them. It involves using technology such as virtual tours, video conferencing, and other online tools to evaluate and market properties to potential buyers.
Virtual wholesaling is a natural fit for the current technological era, where people are increasingly comfortable conducting business virtually.
Real estate wholesalers who operate virtually have fewer geographical limitations and can reach a broader audience. They can market properties to potential buyers from anywhere in the world, which can help them close deals faster and more efficiently.
Virtual wholesalers can also save time and money by avoiding traveling to properties physically or meeting with clients face-to-face.
The virtual real estate wholesaling process typically involves finding properties that are in distress or need significant renovations. Virtual wholesalers can find these properties through online listings, public records, and other online resources.
They then negotiate with the seller to buy the property at a discounted price and market it to potential buyers. Virtual wholesalers often use virtual tours and other online tools to showcase the property to potential buyers.
Once a buyer is interested in the property, the virtual wholesaler uses video conferencing to negotiate the deal and finalize the sale. This process allows wholesalers to close deals quickly and efficiently without needing physical meetings or travel.
Virtual Real Estate Wholesaling Pros and Cons
Virtual Real Estate Wholesaling Pros
Virtual real estate wholesaling has several advantages that can benefit both wholesalers and their clients. Here are four virtual real estate wholesaling pros:
Broader audience: Virtual real estate wholesalers can reach a broader audience because they are not limited by geographical location. They can market properties to potential buyers from anywhere in the world. This can increase the chances of finding a buyer quickly and closing deals more efficiently.
Lower costs: Virtual real estate wholesaling can save time and money by avoiding physical travel to properties or in-person meetings with clients. Wholesalers can conduct business from anywhere with an internet connection, reducing overhead costs and increasing profitability.
Efficient deal-making: Virtual real estate wholesaling enables wholesalers to close deals quickly and efficiently. They can use online tools such as virtual tours and video conferencing to evaluate properties and negotiate deals with potential buyers. This can save time and resources, enabling wholesalers to close more deals and increase revenue.
Increased flexibility: Virtual real estate wholesaling allows wholesalers to work remotely and operate on their own schedules. They can conduct business from anywhere with an internet connection, giving them more freedom and flexibility in their work. This can increase job satisfaction and help maintain a healthy work-life balance.
These benefits make virtual real estate wholesaling an attractive option for anyone looking to enter the real estate industry.
Virtual Real Estate Wholesaling Cons
While virtual real estate wholesaling has several benefits, it also has some potential drawbacks that should be considered. Here are four virtual real estate wholesaling cons:
Limited personal interaction: Virtual real estate wholesaling lacks the personal touch of in-person meetings, making building relationships with clients challenging. Wholesalers may struggle to establish trust and rapport with potential buyers and sellers when they are not meeting face-to-face.
Limited property evaluation: Virtual real estate wholesaling relies heavily on online tools to evaluate properties, such as virtual tours and photos. This can be challenging, as these tools may not always provide a comprehensive view of the property. Wholesalers may need to rely on third-party professionals, such as inspectors, to provide more detailed property assessments.
Technology limitations: Virtual real estate wholesaling depends on technology such as video conferencing, virtual tours, and other online tools. Technical issues can occur during online meetings, which can cause delays or make it challenging to communicate effectively. In addition, not all clients may be comfortable using these tools, which can limit the pool of potential buyers and sellers.
Competition: Virtual real estate wholesaling is growing, and competition can be fierce. Wholesalers may need to work harder to differentiate themselves from their competitors and build a strong reputation in the industry. This can be challenging, particularly for new entrants to the market.
Limited personal interaction, limited property evaluation, technology limitations, and competition are all factors that can affect the success of virtual wholesalers.
5 Things to Know Before Committing to Virtual Real Estate Wholesaling
Virtual real estate wholesaling can be a lucrative and rewarding career, but it is essential to prepare carefully before jumping in. Here are five things a real estate wholesaler needs to know before trying virtual wholesaling:
Familiarize yourself with local regulations: Real estate laws and regulations can vary significantly from state to state and even from city to city. Researching and understanding the laws that apply to your area before starting your virtual wholesaling business is essential. You should consult a real estate attorney to ensure you comply with all relevant regulations.
Build a strong online presence: Virtual wholesaling relies heavily on online tools and technology. Building a strong online presence through a professional website, social media, and other digital marketing channels is essential to attract clients and establishing credibility in the industry.
Understand the local real estate market: As a virtual wholesaler, you can operate in any market, but it is essential to understand the local real estate market where you will be working. Research the area’s market trends, demographics, and property values to identify potential opportunities.
Develop a network of industry professionals: Virtual wholesaling requires working with a network of professionals, such as attorneys, title companies, inspectors, and contractors. Building relationships with these professionals is essential to ensure your transactions go smoothly.
Invest in the right technology: To succeed in virtual wholesaling, you need the right technology tools. These can include video conferencing software, virtual tour software, CRM software, and project management tools. Investing in reliable and high-quality technology is essential to ensure that you can conduct business efficiently and effectively.
Conclusion
Overall, virtual real estate wholesaling is innovative in buying and selling properties. It enables wholesalers to reach a broader audience, close deals faster, and operate more efficiently. As technology advances, we can expect virtual real estate wholesaling to become an even more prevalent and essential part of the real estate industry.
Ready to build a virtual real estate business or transition your local business into a virtual one?
Use the above 5 steps to get started. And hit us with questions in the comments as you have em’. :-)
Listen to the CarrotCast Podcast and Subscribe Below!
If you’re not coming up with ways to do deals more creatively, you’re wasting your sellers time.
Trevor Mauch, CEO of Carrot
Are you prepared for the changes up ahead? Investors, are you positioning yourself as the leader in your market?
The housing market tends to shift every 8-10 years and we’re already starting to see more change in 2019 than in the last 3-5 years. Last week, we gathered 12 top-earning real estate investors from around the country for our first ever 2-day long live Market Leader Summit to find out what they’re doing to thrive.
Here’s what we learned…
Listen to the CarrotCast Podcast
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What a Shifting Market Means For Real Estate Investors in 2019
03:19 -Where the market is heading? Experts don’t predict a crash in 2019, but slower growth is anticipated and high-end markets will start to decline.
09:46 – Trends for real estate agents in 2019. Increasing time on market and more price appreciation, as growth starts to slow down.
11:59 – What about house flipping in 2019? With higher competition, slower closings and selective buyers, house flippers won’t be able to get away with as many mistakes in 2019. If you want to keep closing deals, you’re going to have to tighten up standards and pay attention to the details. Don’t underestimate fix-up costs and consider increasing repair expenses to compete in a more competitive market.
21:43 – With new iBuyer programs from Keller Williams and Coldwell Banker homebuyers will other options over real estate agents. I believe this could be a good thing… as long as you’re building credibility and creating content to stand out in your markets. What are you doing in your marketing to position yourself as the only solution for buyers and sellers?
28:00 – What one thing ruins successful real estate investors? Choosing to not get creative with making deals happen. Even with consistent, predictable leads, looking at every deal and trying to fit it into a “box” can cause you to go hungry. Other Investors like Tang Nguyen will be picking up all the leads you passed up.
37:39 – Remember that every successful investor started with zero deals and zero experience. It’s time to get creative. Which method is continuing to grow and prove sustainable over time? The ONLY marketing vehicle that keeps gaining momentum and continues to get better is online. RVM, cold calling, direct mail are all cyclical marketing methods.
ADDITIONAL CARROTCAST EPISODES
Negotiation Psychology: How To Talk With A House Seller to Close More Deals + Help More People w/ John Martinez: CarrotCast
100+ Deals This Year Turning Other Peoples DEAD Leads Into Deals / Tang Nguyen and the “Odd Brothers”: CarrotCast
What’s Your Credibility Score? The Top 5% Of Earners Are Doing These “Simple” Things To Build More Credibility In A Cluttered Market w/ Trevor Mauch: CarrotCast
We want to hear how we can make our products better and what we can do to help you! Drop them in the comments section below or hit us up on Facebook or Instagram
Listen to the CarrotCast Podcast and Subscribe Below!
Don’t be so busy following other’s lives that you forget to be the author of your own.
Trevor Mauch, CEO of Carrot
Often times, when we feel really overwhelmed, and are just struggling to keep up, it’s probably because things are too complex. Maybe you’ve been trying to take more time off and get more freedom.
Maybe you’ve tried everything, but can’t quite seem to get there. The truth is, we can’t grow our businesses and gain more freedom unless we simplify.
On this mini CarrotCast episode I want to share with you a concept that has helped me de-clutter my life and get back more of my freedom and happiness.
Listen to the CarrotCast Podcast
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Breaking Through the Ceiling of Complexity
02:26 – What the ceiling of complexity is and how it affects our happiness, our income, and our freedom.
03:28 – How simplification is the enemy of complexity.
05:56 – The first key to breaking through the ceiling of complexity: Process.
06:50 – Recognizing your productivity constraints and bottlenecks.
ADDITIONAL CARROTCAST EPISODES
Negotiation Psychology: How To Talk With A House Seller to Close More Deals + Help More People w/ John Martinez: CarrotCast
100+ Deals This Year Turning Other Peoples DEAD Leads Into Deals / Tang Nguyen and the “Odd Brothers”: CarrotCast
What’s Your Credibility Score? The Top 5% Of Earners Are Doing These “Simple” Things To Build More Credibility In A Cluttered Market w/ Trevor Mauch: CarrotCast
We want to hear how we can make our products better and what we can do to help you! Drop them in the comments section below or hit us up on Facebook or Instagram
