1. Introduction
- Host: Bob Mangold, The Listing Coach
2. Key Question: Are You Doing Activities That Generate Cash Flow?
- If you don’t talk to people, where will your business come from?
- What are you doing daily and weekly?
3. Cash Flow Score System (1-10 Scale, No Middle Ground)
- Score yourself based on actions that lead to transactions within 30-60 days.
- Key Income-Producing Activities:
- Database & Social Media Engagement
- Sent database a "deal of the week" email and posted it? (10 or 0)
- Sent out a local market update newsletter and shared it on social media? (10 or 0)
- Lead Magnet Distribution
- Offered and sent a copy of Home Boss or EquityMax books to your database? (10 or 0)
- Promoted a book like Mortgage Hacks to Save $100K to your audience? (10 or 0)
- Agent Referral Network Growth
- Reached out to 50 agents for referral partnerships? (10 or 0)
- Added interested agents to your deal-of-the-week emails and newsletters? (10 or 0)
- Video Content & Lead Capture
- Created and posted a video or Instagram Reel? (5 if in progress, 10 if posted)
- Created a targeted landing page (e.g., "Golf Course Homes") and shared it? (10 or 0)
- Networking & Prospecting
- Attended an investor meeting, REIA, or networking event? (10 or 0)
- Made calls to FSBOs, expireds, probate leads, or absentee owners? (1-10 based on effort)
- Talked to business owners to add to your referral network? (10 or 0)
- Client Outreach & Equity Marketing
- Sent out Equity Boxes to homeowners who bought 3-5 years ago? (10 or 0)
- Sent divorce leads a newsletter, deal-of-the-week, or direct mail? (10 or 0)
4. The Importance of Consistency & Conversations
- Success is about talking to people consistently.
- These actions are free—no excuse for not doing them.
- If you’re struggling, it’s likely due to a lack of outreach, not lack of opportunity.
5. How Much Time Do These Activities Take?
- Many tasks could be outsourced to an ISA (Inside Sales Agent).
- If you’re not doing these activities, what are you doing that will bring more business?
6. Scaling Up & Increasing Your Price Point
- Average first-time homebuyer age: 36-48 years old
- Average home seller age: 61 years old
- Consider shifting to higher price points for better commissions.
- Example:
- Selling $300K homes vs. $1M homes requires the same effort but results in higher earnings.
- Luxury real estate requires skill upgrades, but tools and training (e.g., Home Boss System) make it easier.
7. Business Design Exercise (Homework for Next Episode)
- Define your dream business:
- What would your ideal real estate business look like?
- How much income do you want?
- What will you do with the money? (Invest, travel, financial security, charity, etc.)
- If you don’t have a clear goal, it’s harder to build success.
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Visit our website to watch replays of our Wednesday "Elevate Business Briefings" at: www.RealEstateAssetAdvisors.org
Download a copy of my book, "If you list, you last!" at www.IfYouListYouLast.com