WIP 1321: How to Bounce Back From a Bad Month
Wholesaling Inc with Brent Daniels
Find distressed properties for pennies on the dollar and turn them for huge profits!
4.9 • 1.4K Ratings
🗓️ 16 October 2023
⏱️ 21 minutes
🧾️ Download transcript
Summary
Real estate investing can be a rollercoaster ride, and occasionally, you might encounter a challenging month in this business. When faced with a downturn in your real estate investments, it's essential to have a plan for recovery.
Don't worry; Todd Toback has your back! Today, he will provide effective strategies for not only weathering the storm but thriving in the face of adversity. Whether you're a seasoned pro or just starting out, his tips and guidance will empower you to bounce back stronger and smarter in your real estate investment journey.
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Show notes:
- (1:10) Beginning of today's episode
- (1:28) How fast can you bounce back from a bad month?
- (2:47) Take a look at your progress vs. your goal
- (6:10) Separate fiction from reality
- (8:00) Understand that you have to adapt to the market changes
- (10:06) Cash is the lifeblood of your business, there is no secret
- (13:40) Sharpen your negotiation skills
- (19:48) Have a marketing calendar
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Resources:
- No Limits Sales System
- To speak with Brent or one of our other expert coaches call (281) 835-4201 or schedule your free discovery call here to learn about our mentorship programs and become part of the Tribe
Go to Wholesalingincgroup.com to become part of one of the fastest growing Facebook communities in the Wholesaling space.
Get all of your burning Wholesaling questions answered, gain access to JV partnerships, and connect with other "success minded" Rhinos in the community.
It's 100% free to join. The opportunities in this community are endless, what are you waiting for?
Transcript
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| 0:00.0 | You're listening the whole Silling Inc episode number 1300 and 21. |
| 0:04.7 | Hey, Todd, protecting your personal confidence is your number one job as an entrepreneur. |
| 0:11.1 | All right. And so just like I told my daughter, I said, Hey, you got to protect your confidence. |
| 0:15.2 | Look how far you've come, right? Don't beat yourself up. You got a best time. Look, |
| 0:18.5 | and we're going to do there. It's going to take us maybe a little bit longer. And then we thought, |
| 0:21.8 | you got to protect your confidence. If you've got a bad month, you can't be thinking, |
| 0:24.8 | oh, maybe I should switch to selling diabetic strips this month or maybe I should go back |
| 0:30.6 | to my old job. Get your head straight. This is Game Changing Information. |
| 0:34.8 | Guaranteed to raise your real estate wholesaling business with actionable steps you can take |
| 0:39.6 | immediately to navigate the ins and outs of wholesaling and start making money today. |
| 0:45.6 | Join us as we put our guests in the hot seat and dive deep to dissect their strategies for |
| 0:50.4 | success to enable you to duplicate their results. You're listening to a wholesaling ink. |
| 0:55.7 | The only show dedicated to making you a fortune in wholesaling. |
| 1:01.8 | So let's chat today on how to bounce back from a bad month. This is not something that I talk |
| 1:08.8 | about very often, but hey, look, we all have bad months in business every now and then. |
| 1:14.8 | I got to tell you, if you haven't had a bad month, you haven't been in business |
| 1:19.2 | long enough. I've had them. One of the keys to success I'm going to talk about, though, |
| 1:24.3 | is how fast you bounce back from a bad month. If you listen to the small business |
| 1:30.1 | administration, I think it's like 90% of businesses fail right after 10 years. So why is that? Well, |
| 1:36.8 | because these people had bad months and another bad month and another bad month and another bad month |
| 1:42.3 | and never recovered. And so your ability to number one, bounce back from a bad month, |
| 1:48.1 | but then number two, adapt is going to determine your success in this business. |
... |
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