Jack Thursday - Starting Your Day Off with a Small Success (LA 1776)

Transcript:

Steven Jack Butala:

Steve and Jill here.

Jill DeWit:

Hi.

Steven Jack Butala:

Welcome to the Land Academy Show entertaining land, investment talk. I'm Steven Jack Butala.

Jill DeWit:

And I'm Jill Dewitt broadcasting from the Valley of the Sun.

Steven Jack Butala:

Today's Jack Thursday, and I'm going to talk about starting your day with tiny little successes. I read an article, well I'll save it for the show. Before we get into it, let's take a question posted by one of our members on the landinvestors.com online community, it's free and check us out on discord. If you're a member, there's tons of amazing information being exchanged there. And don't forget to subscribe on the Land Academy, YouTube channel comment on the shows you like.

Jill DeWit:

Michael wrote update semicolon, or colon. Excuse me, update colon. I have completed my second mail campaign. My first mail campaign was 3,500 units and yielded one deal. My second campaign was 3,700 pieces of mail and has yielded one viable deal so far. I'm worrying about putting together my third campaign.

Steven Jack Butala:

Working.

Jill DeWit:

What I'm wondering.

Steven Jack Butala:

Working, he's now working.

Jill DeWit:

Oh, I'm working. I'm putting together my third campaign, but I'm wondering if these results are typical.

Steven Jack Butala:

Yes.

Jill DeWit:

By the way, I use a funding partner. So I basically just recovered mailing costs after deal splits. How much are you guys mailing to make this business work? I want to add one thing, getting a deal right out of the gate is perfect. I think that's really good. Especially being brand new. As you get going, you're going to get more deals and A. And B as you get going mailer number one, you're going to get calls from that six months from now, nine months from now. So it's out there now, there's going to be more coming back from it. My only concerns are answer the phone and look at them really look at them make sure you're not kicking, sometimes people kick too much to the curb, go.

Steven Jack Butala:

I need proof of concept for everything I do, and you just achieved proof of concept for yourself. It works. You bought some property, you sold it. You recovered your costs. You've found a funding partner. You got yourself all set up, all the stuff that's involved in setting up a business. You're past all that. It's time to start doing bigger deals. You can do it, and if you're just recovering mail costs, you're probably buying for 1000 selling for 3000 and then splitting the difference. So how about you buy for 30,000 now you're using a funding partner anyway. Buy for 30 and sell for 90.

Jill DeWit:

You're going to triple your costs in one deal that cost you the whole year.

Steven Jack Butala:

It's an interestingly worded because there's this yielded a lot of response in discord. And everybody starting with Kevin Farrell, the monitor said, congratulations, you're doing it.

Jill DeWit:

Right, yeah. What's the problem?

Steven Jack Butala:

So yeah, don't try to find something wrong. Just start doing bigger deals, maybe larger mailers.

Jill DeWit:

Keep going.

Steven Jack Butala:

Obviously where you're sending mail may not be the place to buy for 30 and sell for 90. So look for another place. Check out chapter three in Land Academy 3.0 and see how we troll for new markets.

Steven Jack Butala:

Today's Jack Thursday. I'm going to talk about starting off your day with a small success. This is why you're listening. I came across an article. I think it was in Fords, Fortune, Forbes, possibly Entrepreneur Magazine on the internet. And I sign up for all this stuff. Because we talk on the Thursday call about what's going on in the market. And so there's an article in there about how they interviewed somebody interviewed extremely successful people like Elon Musk, and really crazy multi-billionaires and they all said every single day,