There are five big ideas to become a millionaire in REAL ESTATE
#1 built models.
Let's take a look at starting a business without a model versus one Whitney model. When you start a business with no model, you want the aimlessly. Even if you end up at your destination, you'll spend a lot more time and resources On the other hand, if you follow an existing model, you start a business with a road map. You'll go towards a straight path, even if you fall off the path. You will still resume because you have a map to look back on. Follow existing models. You'll save time and energy. Once Strong foundation. Then you can experience with your own creativity Two, lead generation. Everyone has two jobs, no matter your lawyer, business owner or a doctor. Your first job is your chosen profession.
#2 is lead generation.
Your chosen profession is your technical skill. Lead generation is how you bring in the customers. Lead is the bloodstream of all businesses. You cannot make money in business unless you are first able to bring in customers. Once you learn how to generate leads in your business, the next step is to convert the leads into customers.
#3 leverage, time versus money.
Most professionals have an assistant, or at the very least, a secretary. If you go to a doctor's office, you may see more than one assistant or separate him. The dr leverages his time since his cost him less money to hire someone to do the clerical work. He focuses on seeing more patients. And as a result, he is able to earn more. These people are known as supportive talent. These should be your first hire before you focus on technical talent Do the same in your profession .
#4 four stages of growth.
The four stages of growth of becoming a millionaire are one. Think a million to earn a million. Three net 1,000,000 and four receive a million. Think a million is the most important step since you need to have a purpose in order to strive for a goal. This will be a recurring theme in a lot of my blog Next we have
earn a million.
A doctors who service costs $2000 may need to see 500 patients to earn $1,000,000. $2000 times 500 patients equal $1 million. Calculate how many customers do you need in your field to earn a million Let a million. For example, if you're selling iphone cases at $10 a piece, and they cost you $5 to make and get to the market, then you net $5 per sale. You need to find out how many units you need to sell to let a million. Take $1 million and divide it by $5 net. And you'll get 200,000 units. That means, in order for you to net $1 million you need to sell 200,000 units. Let's take it one step further Once you have a model, it won't seem impossible. Most people work eight hours a day and 5 days a week, and they work a total of 2000 hours a year Divide 200,000 units by 2000 hours a year, and you'll get 100 units per hour. Once you have a model, it doesn't seem impossible Receive a million.
So receive $1 million.
You would have to build the business model following the crack model from the start. cheque out my video on the emith revisited by Michael E Gerber for more details Five.
#5 track all of your data.
The most valuable technology companies in the United States are Apple, Google, Facebook and Amazon. These companies have data on almost all of the people in the United States. They make money by selling their data to other businesses If they're one thing that you can take away that will improve your business right away, it would be tracking your lead generation. Find out what most of your customers are coming from. Focus on the areas that are bringing most of your customers. You will end up accomplishing your goal much quicker Follow the model and build your dream now.