New Wholesalers -- Stop Spending Money on Marketing! | Flipping Mastery Show
Wholesale Hotline | Brent Daniels
Wholesale Hotline
4.9 • 586 Ratings
🗓️ 3 November 2024
⏱️ 22 minutes
🧾️ Download transcript
Summary
Today on the Wholesale Hotline Podcast (Flipping Mastery Edition), Jerry Norton breaks down how to build a million-dollar wholesale business without spending on marketing upfront.
Show notes -- in this episode we'll cover:
- Jerry says focus on self-funding growth: start with free lead-generation methods like driving for dollars and agent outreach.
- The benefits of outbound vs. inbound leads and when it makes sense to invest in paid marketing.
- Key progression strategy: reinvest profits from each deal to scale and transition into cost-effective or inbound marketing methods.
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☎️ Welcome to Wholesale Hotline & Flipping Mastery Breakout! ☎️
Jerry Norton went from digging holes for minimum wage in his mid 20's to becoming a millionaire by the age of 30. Today he's the nation's leading expert on flipping houses and has taught thousands of people how to live their dream lifestyle through real estate.
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Transcript
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| 0:00.0 | Hey, it's Tiri Norton. |
| 0:04.2 | Welcome to the Wholesale Hotline podcast and the Flipping Mastery Breakout. |
| 0:08.0 | We want to know how we're doing, so please leave a comment and give us a rating. |
| 0:17.7 | Guys, stop spending money on marketing, at least in the beginning. |
| 0:22.6 | Or if you're brand new, I want to show you how to build a million dollar wholesale business with zero marketing cost. |
| 0:30.0 | Now, what I'm talking about here is how to self-fund your own growth. |
| 0:33.7 | Now, I'm pretty excited to show this to you because I think if you grasp the big picture here, |
| 0:37.6 | you'll see that you can actually get started with no marketing dollars, no money to generate leads, |
| 0:44.0 | right? And from there, step on top of that, build on top of that and build a multimillion dollar |
| 0:49.5 | business. So there's some big principles that you need to understand. There's a, I want to start at the 30,000 foot looking down and really help you grasp the big picture. |
| 0:58.2 | And then I want to get down into the weeds and show you how to actually apply this so that you can build a business. |
| 1:03.7 | Okay, so first of all, it's important to understand that when we talk about getting deals, I call this just finding deals. |
| 1:10.4 | Another way that we say this is lead |
| 1:12.1 | generation generating leads or we talk about marketing channels different ways to |
| 1:17.3 | generate leads and there's some principles here that you need to understand like |
| 1:20.5 | I said first of all is I want you to think about a timeline or a scale that starts |
| 1:26.2 | from left to right and there's some different things that |
| 1:29.8 | have to happen here. And they all progress in the same direction. They all correlate together. |
| 1:34.9 | So first of all is, let's talk about the quality of the lead. Now, in wholesale real estate, |
| 1:40.7 | quality of a lead would mean the motivation of the seller or the distress of the situation. |
| 1:46.0 | So there are some leads that are maybe less motivated than others, or there are some leads that have very high intent or high motivation. |
| 1:55.0 | For example, if you're a pre-foreclosure lead and the auction date is on Friday and it's Tuesday and you're about to lose the property. |
... |
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