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Real Estate Rookie

132: Find Money, Partners, & Deals Using The “D.A.D System” w/ Mike Michalowicz

Real Estate Rookie

BiggerPockets

How To, Education, Business, Investing, Entrepreneurship

4.81.7K Ratings

🗓️ 20 November 2021

⏱️ 52 minutes

🧾️ Download transcript

Summary

We often hear entrepreneurs talk about how they want to “be the best” in their field. It’s the same with many real estate investors. They want to be the best wholesaler, flipper, short-term rental host, or landlord. But, does “being the best” really matter much to your customer if they can’t tell the difference between you and your competition? Probably not. Mike Michalowicz, author of Profit First, is on the show today to discuss his new book, Get Different, and why so many entrepreneurs and real estate investors have marketing all wrong. If you’ve ever tried direct mail, cold calling, or door knocking, you know the sting of quick rejection from a potential seller. Why do they reject so quickly? Because you sound just like every other real estate marketer trying to get to them. If you’re looking to entice new partners, private lenders, tenants, employees, or sellers, you need to start marketing differently. This is possible through Mike’s “D.A.D Framework” that highlights the three most important factors of marketing successfully to a prospect. In This Episode We Cover Why real estate investors need marketing more than they think Finding your competitive advantage and using it to outsmart other investors Why having a high-referral rate doesn’t mean you're succeeding at marketing Who, what, and ‘win’ to target and market to partners, private lenders, and sellers The “D.A.D Framework” and how you can capitalize on it to score leads Asking customers “what am I doing right” and making it a crucial part of your brand And So Much More! Links from the Show Real Estate Rookie Youtube Channel Ashley's Instagram Tony's Instagram Real Estate Rookie FaceBook Group Zillow Facebook Geek Squad Check the full show notes here: https://www.biggerpockets.com/rookie132 Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

This is Real Estate Rookie, episode 132.

0:05.6

If we are better in the competition, yet no one finds us, they find the alternative.

0:13.6

The clients are getting a disservice.

0:15.4

They're experiencing someone's inferior because we are superior.

0:18.4

And if our clients are experiencing something inferior, that's their problem, but it's

0:22.3

our fault for not marketing.

0:26.2

My name is Ashley Care, and I'm here with Tony Robinson.

0:31.0

And welcome to the Real Estate Rookie, where we give you all the information, all the

0:34.4

inspiration, all the education you need to get started in your Real Estate Investing

0:38.2

journey.

0:39.2

And sometimes we talk about the nitty gritty about Real Estate Investing, at the time

0:43.2

to talk about things that might support your Real Estate Investing career, and that's

0:46.1

what we're going to do today.

0:47.4

So this Saturday is a rookie reply, as usual, but we are doing it a little bit different.

0:53.3

Once in a while, we do have a guest on for the Rookie reply, and today we have Mike,

0:59.7

the author of Get Different, and he is going to talk to us about marketing.

1:05.8

And he will actually go into why marketing is important for a Real Estate investor.

1:11.2

And he's got so many really good points just all together.

1:14.5

Honestly, I got introduced to Mike McAllowis through his book Profit First.

1:18.2

I've mentioned in the podcast before, if you guys haven't read that, definitely encourage

1:21.7

you guys to go pick it up.

1:23.4

But today he started to talk about his book Get Different, which is about marketing.

...

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