Originally posted by @Account Closed:
Originally posted by @Account Closed:
90% of investors fail? Where are you getting these numbers? and how are you defining investors?
An investor is someone who purchases revenue generating assets- and a successful investor is someone who's assets successfully generated revenue. I find it hard to believe only 10% of investors who purchase assets accomplish this.
Maybe you mean less than 10% are able to close deals from cold calling? Still, where are those figures coming from?
I bend over and pull them out of my butt. Here want to see? There... Here you go, glare deeply into the void of darkness.
So you and I know damn well that when I say "investors" I am talking to everyone here on BP trying and working hard to make it. I know you know this but you want to look more intelligent than you really are by trying to push me down.
Count and use your toes if you have to. BP is what? 1.5M stong? 1.8M? 2M?
How many people are successful from these 2M? THERE is where I get my damn numbers from.
Dude don't waste my time with pointless little instigations. I am not going to argue about stuff that is COMPLETELY besides the absolutely true points I am making. If you want to start an argument I suggest you buy a mirror and start quibbling. I am too busy making money and tryng to give functional good advise to help others, at least to those that want to listen. If you or anyone else do not believe my writings, ask me if I care..
No please.. ask me!
ASK ME damnit
Yup you guessed it.. don't care. My posts are just not meant for you. Keep on fighting everything that comes your way regardless if it is meant to help, guide, or educate. You'll get far!
While you sit there questioning my numbers, the fact is, I am right!
Besides I just can't take faceless avatars seriously. Sorry.. just can't.
Cheerios
P.S. Do me a favor? I have no time to go back and forth with you so safe your breath and just move along. Thank you!
That wasn't even close to a reasonable rebuttal. Thank you for giving everyone a better peek at the quality of your mind though, so they have that to consider along with what comes out of your flapping mouth.
Just an FYI for ya to take into consideration;
I would not be so gracious as Jerryll in saying only 90% fail, the data from my experiences are much closer to 98.9%.
Now, if you want to say someone is not "in" REI until they have done a deal, fine, but what do we then call everyone who is spending time, money and energy STRIVING to do deal #1? Are they just nothing?
It IS a fact that most who start down the REI road will never complete deal #1, of those who do most will never complete deal #2, those who do most never survive to year 5. I myself started my first investing back in the collapse, 98% of those who were around then are GONE, I am "the old guard" and that's talking 2009 to now.... WTF. Name 1 other industry as old as real estate where "The Old Guard" has a whopping whole 10+ years in it?! That's due to fail rate being astronomical in REI.
Personally I believe the sky high fail rate is for exactly as Jerryll mentioned, NOT using their own brain, they learned a "system" from who ever or what ever and that all they did, followed the directions but never understood why or how that worked. Then as the market shifts and changes as it ALWAYS does in real estate, there little a-b-c plan from so and so starts failing, so they spend more, go from 10K on mailers to 30K, 40K, 100K and it's just throwing good money after bad.
Myself, I had an advantage, I had a decade of running companies that were sales focused before getting into REI, for me I recognized how to "sell" and what was selling and it was never the damn post card. During the buyers market a post card was a means of informing for contact conveyance, not selling. Today is a seller market, so your contacting saying "hey, you can sell your home", yeah, duh, who doesn't know that genius it's only plastered everywhere 24-7, why not tell them something else new like water is wet or fire is hot....
As for Jerryll's credentials, when I was talking to a person who is considered the #1 expert of online marketing and digital analysis, who is famously known as is his agency, and we were discussing things he specifically called out Jerryll as THE definition of how it should be done and perfection in performance, the bar by which all others are measured. And here he is, "the" pro of pro's, GIVING AWAY his how-to.... it's Warren Buffet handing out stock tips...... Get a clue and soak it up, that's my suggestion.
This has been taken off the tracks ridiculously. I asked where do the stats come from, how was he defining "investors", and how failing is being defined.
Stats so far seem to be coming from anecdotal experience, which may not be wildly off base, but they are coming out of his ***, which he freely admits.
Defining investors is subjective, but has been a mess. Everyone on BP? that's the definition? or yours? everyone spending time and energy looking for deals?
Mine is you become an investor when you acquire an asset that has an expectation of revenue generation. Success is if it actually increases your wealth. Failure is if you lose money. By including all the people who do not buy (with many of them having very good reasons for passing) in the fail category, you are not paying attention the second rule of Warren Buffett, who you brought up: "Don't lose money".
To sum it up again, and for the last time, because a word to the wise should have been sufficient, and we are well past it by now- I find it very hard to believe that of all the investors that own assets in REI, 98% or even 90% end up losing money, and I'd like to see statistics, rather than someones anecdotal impression.
Most may never make that first deal, true. I've been criticizing BP for months for glossing over and flat out ********ting the realities of actually finding a viable deal, for the non-professional, retail investor. Not buying may be one of the wisest moves they can make if the alternative is a **** deal just to "get in the game", especially considering opportunity costs, and including them in the fail list involves warped logic.
OK Mister D.
If you truly wanted to add to this topic you would have used different words and intonation. If you are going to challenge me the way you attempted you will have to face the consequences.
You knew damn well that when I say "investors" I am talking to everyone here on BP. How why? Because I AM on FRIGGIN BP writing this message you silly sausage!
Secondly, what the actual numbers are (do I need to give the accuracy in 3 decimal digit? or does 2 suffice? is completely besides the point and you know this.
Look man...
There are so many people here desperately trying to make it. Fathers mothers, sons and daughters, all trying to better their lives and those of their loved ones.
They get bombard with crap messages like do THIS, no no do THAT, NO do DMM, do driving for dollars... and I sit here as I see these poor people get taken for a ride just because a group of lists and DMM service providers do their desperate best to convince society that sending 10000 post cards or hand written letters scribbled on crappy yellow paper and red ink somehow magically is the magic formula to success. Seriously?!
And I sit here seeing year in year out how every single one of them are not getting anywhere.
Dude I just replied to a 12 year old posts.. yes TWELVE YEAR OLD POST about lead generation and throughout that entire post of 12 years they are ALL still regurgitating UTTER crap.
Look at this...
1M in about 7 months may be pocket change to a lot of successful investors here. But to me it is something still. I do this using the EXACT same strategies I preach here on BP... mind you FOR FREE. I don't get paid to give out these golden nuggets!
A HUGE petpeave I have here on BP is that everyone is a self-proclaimed expert and everyone dresses their opinions up as "facts" yet NO ONE provides back up, proof or evidence.
I try to show people what they are doing is REfrigginTARDED. And they do not see or realize it because they friggin REFUSE to use logic, intelligence and common sense.
When people see some stranger calling them out and telling them "you are doing it wrong" they go on the defensive, get insulted and retaliate instead of shutting the hell up, step back see the logic in the writings and admit.. wait a sec.. this monkey is annoying BUT he has a point, and LEARN change adapt.
I would have happily entertained your reservations and concerns, but I suggest learn how to approach and express politely with respect like a human being and don't get your panties all twisted up when your unwarrented snarky responses get you a fiery answer back!
Now that this is explained and behind us, we can start over.
Yo man wazzaaaaap. My name is monkey it is nice to meet you.
Ohh I see you asked a question... absolutely let me answer that for you.
OK see the numbers where I get them from is not really the point here my dude. What matters is the analysis of the working and logic behind lists and lead generation.
And yes, when I am posting a message here on BP, please forgive me that I am not going to write my posts like a lawyer would so that everyone that tries to just be difficult can not twist words to mean something else just to be a butt.
I have no time for that...
I call everyone here investors because that is what they have decided to be, or try to be.
So per this definition if you spend 3 dollars on any kind of marketing hoping/expecting a return on investment, you are an investor.
GASP.
So are we good now?
Sweet awesome.
Glad we had this talk dude.
Can we move on now? and get something productive and constructive going?