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Wholesaling Inc with Brent Daniels

WIP 1446: How to Determine Your Minimum Profit Per Deal

Wholesaling Inc with Brent Daniels

Find distressed properties for pennies on the dollar and turn them for huge profits!

Real Estate, Education, Wholesale Houses, Entrepreneurship, Business News, Make Money, How To, Entrepreneur, Business, Real Estate Agent, News, Wholesaling, Houses, Cash Buyers

4.91.4K Ratings

🗓️ 8 April 2024

⏱️ 11 minutes

🧾️ Download transcript

Summary

Todd Toback will crack the code on setting your minimum profit per deal, the magic number that keeps your business thriving. Discover how to leverage virtual assistants and lead managers to free up your time and streamline your operations like a BOSS. ‍ But wait, there's more! Todd also reveals the secret to setting your maximum profit and building a lead generation machine that fuels explosive business growth. --------- Show notes: (0:50) Beginning of today’s...

Transcript

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0:00.0

You're listening to Wholesaling Inc. episode number, 446.

0:04.6

The bigger the deal size, the higher that profit margin is.

0:08.6

Margin, that's the word I'm looking for.

0:11.0

That keyword, margin, margin, margin, margin, margin margin margin you want margin your life

0:14.9

right because that's free time and you want margin in your bank account because

0:18.5

feels good this is game-changing information guaranteed to raise your real estate wholesaling business with actionable steps you can take immediately to navigate the ins and outs of wholesaling and start making money today.

0:33.0

Join us as we put our guests in the hot seat and dive deep to dissect their strategies

0:38.0

for success to enable you to duplicate their results.

0:41.0

You're listening to Wholesailing Inc. the only show dedicated to

0:45.0

making you a fortune in wholesaling. So today we're going to talk about how to

0:52.0

determine your minimum profit per deal and how to get there.

0:58.0

So that brings me to my first point, how to determine your profit per deal.

1:05.0

Now I've seen healthy wholesaling businesses

1:08.0

if you are a one-man show and you have let's say a virtual assistance

1:12.0

and maybe a lead manager, someone who's

1:15.1

taking calls for you, this business should be able to be run at a 50% profit

1:20.2

margin. It means that if you're doing $100,000 in your business you should be able to bring

1:24.5

home 50 of that in your bank account. If you're doing $200,000 in this business you should be able to

1:29.2

bring home a hundred and that means that you don't have acquisition specialists, right?

1:33.5

You are the actual closer.

1:35.4

You're closing the deal and meeting with a cell.

1:37.1

And that is possible with a good virtual assistant and someone who manages your leads for

...

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