Active wholesalers: What's your daily 80/20?

Question

For those of you making it happen, what do you spend 80% of your time doing, and what's the 20% of what you're doing that's getting you 80% of your results?

Jerryll Noorden · Answer

In my case, lets call it 5% - 95%

I pretty much do nothing now on my website. I only focus on my clients websites and here are my daily results:

I only say "5%" because I can't help myself while on the pooper, whipping out my phone (don't ask from where)... and check out the leads coming in, while I do this really really weird evil maniacal cackle.

Can you imagine  standing on the outside hearing that coming from the bathroom.

It's great!

BTW forget REIA meetings.

Gaaaaadamn waste of time. Forget networking. You never will be independent.

Do all that crap when you are successful. Hearing all the crap you hear in these stupid meetings and networking with people that have truly nothing to offer you is not just a waste of time, it brings you and keeps you down.

You think I networked with anyone to do my SEO?

My SEO is better than yours (generic yours) because I developed that stuff myself. It is wicked kung-fu awesome! I would never have made it if I spent my time networking!

Don't believe me?

Look what happens when I try to rank other sites than my own in CRAZY competitive markets:

These results didn't happen because I was networking with someone.

The whole point IS to be different. Unique.

My website is different from ANY website out there (well before the friggin nation decided to copy my site).... and how many people can claim about 3 to 12 leads a day for free?

Not many.

Want to make it happen? Want to become the shark in your pond?

Stop looking at others and take over. Simple as that. Just take over.

You know what you have to do. I know you know it.

Then... just do it!

Ehsan Rishat · Answer

I am no wholesaler, however, I'd like to add my two cents. I would spend 80% of my time working on marketing and lead generation. Be it SEO, direct mail, cold calling etc. or all of the above. If you can get a great, deal investors will definitely be willing to talk business. I would spend the rest of my time networking or researching my target market. Attending REIA meetings is a great place to start. These present great networking and learning opportunities.

Good Luck!

Noah Scott · Answer

@Maximilian Marck sorry this hasn't gotten much traction. Hopefully getting a bit of conversation going inside the post can get that going. From a generalized PoV I would say your 20% will be appointments (with sellers set), appointments attended, offers made (&accepted).

To break it down a bit further, KPIs would be how many (insert lead generation tool here. Example: mailers) result in 1 lead, then how many leads result in 1 direct conversation with a seller, further on to how many conversations do you need to have to set an appointment, how many appointments attended to 1 offer, then how many offers made to an accepted offer.

In the end, the business is not unlike others in that it is a game of marketing, and then selling your product. So, to find your 20% EVERYTHING should be measured, whether that is in an excel sheet you keep updated, your CRM, or somewhere else. Unless you run your business like a business, it will be really difficult to truly determine a good 80/20 rule

Active wholesalers: What's your daily 80/20?

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