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Dan Lok Show

Episode 221: REIBlackBook Podcast

Dan Lok Show

Dan Lok

Entrepreneurship, Management, Careers, Business

4.9824 Ratings

🗓️ 29 September 2020

⏱️ 22 minutes

🧾️ Download transcript

Summary

REI BlackBook an all in one CRM tool that Dave and Mike used for 7 years, the heart that circulates your leads and helps you with almost everything. Build A Predictable Real Estate Investing Business with REI BlackBook, use it now with this promo to save $997, reiblackbook.com/DPI.

Transcript

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0:00.0

Welcome back to the Discount Property Investor Podcast. Our mission is to share what we have learned from our experience and the experience of others to help you make more money investing like a pro.

0:15.0

We want to teach you how to create wealth by investing in real estate the discount property investor way.

0:22.3

To jumpstart your real estate investing career, visit free wholesalecourse.com. The most complete free course on wholesaling

0:28.6

real estate ever. Thanks for tuning in. Follow-up is key to success in this business. Wholesaling,

0:39.4

you have to follow up with your leads.

0:43.9

Did you know that 48% of salespeople never follow up with a prospect?

0:48.6

25% of salespeople make the second contact and stop.

0:55.7

12% of salespeople make three contacts and stop, and only 10% of salespeople make more than three contacts. Here's where it gets really interesting, guys. 2% of sales are made on the first

1:01.2

contact, 3% of sales are made on the second contact, 5% of sales are made on the third contact,

1:09.3

10% of sales are made on the fourth contact, and here's the powerhouse, 80% of sales are made on the third contact. 10% of sales are made on the fourth contact, and here's the powerhouse.

1:13.7

80% of sales are made on the fifth through 12th contact.

1:19.2

What does that mean for you?

1:20.7

It means you need to follow up with your leads.

1:24.3

You need to set your follow up on autopilot by using a CRM. Visit dPIpodcast.com

1:32.9

forward slash CRM to learn more about the CRM that the discount property investors are using in their

1:39.8

business. You can follow up with text, email, voicemails, all automatically. Get to the fifth

1:46.1

and twelfth contact faster and close more deals. Again, visit dpipodcast.com forward slash CRM.

1:56.1

Good morning, everybody. Hey, Mike. Good morning, Dave. How are you doing today?

2:00.2

Great, man. Let's talk some real estate.

2:01.8

Let's do it.

2:02.4

I love...

2:02.9

Real estate investing.

...

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