Updated 10 days ago on . Most recent reply
Stop Chasing Leads—Start Cashing In on the Ones You Already Have
#1 Wholesaling Contributor
- Real Estate Coach
- Derry, NH
Leads. Everyone talks about them. Everyone wants them. And yeah… everyone spends a ton of cash chasing them. But here’s the truth most people don’t get: most leads aren’t “ready to sell” the second they hit your inbox—and that’s totally normal.
A lot of investors get stuck thinking their leads are too cold, too lukewarm, or just not “hot” enough. Reality check? Most leads need time, follow-up, and a little TLC. Not every seller is ready to unload their house at a discount immediately—and that’s okay.
Here’s a stat that’ll make you stop and think: almost 50% of people never make a follow-up call at all. Across sales industries—including real estate—most deals happen between the 7th and 12th touchpoint. But only 1 in 10 investors ever gets that far. That’s where the real money hides—in the follow-up.
Instead of throwing cash at “more leads,” focus on the ones you already have. A lot of investors fall into the trap of overspending because they think their database isn’t enough. The truth? You probably already have a goldmine sitting in your CRM—you just need the right system to nurture it.
Here’s how to work your leads smarter, not harder:
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- Do a weekly lead audit. Sit down with yourself—or even better, a VA—and go through every lead from the week. Make sure every single lead has a clear next step with a scheduled time to follow up.
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- Don’t overload yourself with leads. If you’re new, 25–50 leads per month is more than enough. Too many, and you’ll drop the ball. Seasoned pros? 75–100 is doable—but only if you’ve got support.
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- Know the difference between quick wins and long-term plays. Some leads are ready to act now—snag those deals. Others? They’re going to take months, maybe even years. Recognizing the difference keeps you from burning out and chasing ghosts.
The bottom line: Stop chasing new leads like there’s no tomorrow. Nurture what you’ve got. Follow up consistently. Build a system. That’s how your “cold” leads turn into cold, hard cash.