Navigating a Small Marketing Budget with a New Business
Brian Davila Show - Real Estate Investing, Building Wealth, Faith Based
Wealthy Investor - Real Estate Investing, Real estate, Build Wealth, Faith Based
2.5 • 884 Ratings
🗓️ 29 October 2023
⏱️ 8 minutes
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| 0:00.0 | Let's say someone is they have a 10 to 20k budget that they're willing to commit and spend |
| 0:06.0 | where do you think they should start? I would save at least I wouldn't blow it all in one month I'd beta test some stuff first so like you know if you |
| 0:15.0 | if you were let's say what you're going to 10k yeah I would spend 1500 on text messages and do that for the whole |
| 0:20.3 | month and how what if they want to spend 5 to 10k? |
| 0:24.0 | I guess it's just based on how many deals they've done and what they want to do. |
| 0:27.4 | Because I wouldn't suggest just blowing your whole budget the first month because you |
| 0:29.9 | like I said you want to test a little few different avenues so I would go like |
| 0:33.5 | texting and cold call I mean you can hire a VA for 120 bucks a week you know and |
| 0:38.4 | then your texting platforms 1500 bucks data I mean you get a good list for 3 to 500 bucks. So I would just |
| 0:44.6 | stuck with that and try that for, you know, at least 30 to 60 days to let that |
| 0:48.4 | marinate and see how it goes. And then, you know, once you get some deals, you get some |
| 0:51.7 | more capital, then you can go into the bigger stuff like you want to start mailing because mailing is obviously expensive or PBC is obviously huge right now. |
| 0:58.4 | It gets pricey too but like you want to make sure you build that foundation first and then start going up because you |
| 1:03.4 | don't want to like I said if you have 10 K if you blow it all the first month and say you |
| 1:07.0 | get no deals and you're out for the next month exactly yeah but I guess like if |
| 1:11.4 | someone's spending money on marketing like what kind of |
| 1:14.6 | returns should they be looking for so we look for a four X return on everything |
| 1:18.8 | got it so if we've if we spend 10,000 we should make 40. Mm. |
| 1:23.2 | And then like is that usually within 30 days? |
| 1:25.8 | Is that spread out over the first 90 days? |
| 1:28.2 | Like, yeah, I mean, it just depends on how you're doing your business |
| 1:31.1 | to feel like if you're straight wholesale, |
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