You’ve seen the success stories and read how someone, just like you, went through a real estate coaching program and now has a thriving investment business. They did it, and so can you, right? But then you see the news that announces the constant changes in the market and the thought of the venture scares you.You watch as formerly vacant homes in your neighborhood are bought, fixed up, and sold quickly. But then there are the homes that just sit. They have all the same improvements and the beautiful exteriors but they still sit vacant.What do some investors possess that makes them successful, when other investors have all the same intentions and drive but they are left with inventory that doesn’t sell? Why is one failing and how is the other making money in real estate?If you could be the proverbial fly-on-the-wall you would see the difference between the two investors is a simple as the process they follow. The success story got solid, real-world training to develop a process and strategy that works. They’ve got contacts and mentors who help them understand challenges and opportunities as the market changes. The other investor is probably going it alone. Without a system, this guy may be handling each sale or purchase differently, not following a process, pretty much just flying by the seat of his pants. Property investment is a business; it involves major financial decisions, and it requires a battle-proven and solid plan.One of the most effective strategies you can pick up in the right coaching program is how to go after properties that aren’t even on the market. The competition is far weaker in a field where nobody else even knows a game is starting.Off-market properties include: vacant properties, foreclosures and sale by owner. Even without being listed, these eager sellers attract a lot of attention from investors. In fact, it’s not uncommon for them to be wined and dined by every investor in a 30 miles radius. You need to catch their attention and turn a contact into a contract. An owner of a foreclosure is often terribly stressed and just wants a safe exit from a horrendous situation. They want to know they’re getting the best terms possible, and above all they want to have confidence in the investor they choose. That person can be you.To be the one they choose you need to follow this sage advice: “Be Prepared.”Here are two ways you can put these prospects at ease with a little advance preparation:1. A consistent message.Create a presentation that will let your future sellers or owners know what you can provide for them. It could be a simple PowerPoint presentation you show them in person on your laptop or tablet. The presentation could be part of your scripting if you’re talking with your leads on the phone. Get your scripting down, work on it so you don’t sound like a bored telemarketer, and brainstorm so that you have answers for all possible questions.2. Let others vouch for you.Get testimonials from those you have done business with: have them write letters or better yet start your own YouTube channel and publish their video testimonials. People like to do business with those they know, like, and trust. Having testimonials from others you’ve served will go a long way toward helping new prospects feel at ease doing business with you.Get these preparations in order, then get busy. Start by building a target list of prospects. That can be as easy as browsing the local rental section of Craigslist. You may find sellers as you come across owners who no longer want to be landlords. They may be eager to discuss the possibility of you purchasing their property. On the other hand, you may find buyers as you encounter owners who love owning property and want to add to their inventory.Either way, your preparations will go a long way toward making you successful with off-market properties. One of the most powerful lessons you’ll learn in a good coaching program is this simple mantra: Keep it Simple: Prepare, Plan, and then Proceed.
Tag Archives: building
Raise Capital With Private Investors
If you have launched your own startup, your first biggest challenge is to raise capital. Fortunately, you choose from a lot of options to raise the funds your business needs. Among all the sources, crowdfunding is one of the best ones as it helps redefine how startups can get off the ground. In this article, we are going to help you know the benefits of raising capital with private investors through a crowdfunding platform. Read on to find out more.
Benefits of raising capital with private investors
1. Funding is not equity-based
First of all, crowdfunding is not necessarily equity-based. Although startups have the liberty to use the equity in order to catch the attention of potential investors, It’s not required to give up ownership to collect capital.
The good news is that some platforms allow their members to apply a reward-oriented approach in order to raise capital. For instance, if your business deals in a specific product, make sure you hand over a few units to your prospective investors before you roll it out for the ultimate users.
2. Attracting potential investors is easy
With crowdfunding, you can attract a lot of potential investors without putting in a lot of effort. Although you can try for angel investors, keep in mind that this process can cost you a lot of time. The reason is that you will have to pitch your small business concept several times.
On the other hand, if you use a crowdfunding platform, you will have to post your business pitch in only one place. And this page will be ready by hundreds of investors from across the globe.
These platforms have a lot of useful features that may help startups collect funds from investors. So, attracting potential investors and raising capital will be much easier using crowdfunding platforms.
3. Higher visibility
Crowdfunding can help you make your startup more visible. Since marketing may consume a large chunk of your budget, it makes sense to use a crowdfunding platform instead. For potential investors, it’s easy to fund a crowdfunding campaign.
And these activities can help boost the visibility of your brand. Plus, you can also attract investors for your next funding rounds.
The Bottom Line
If you want to raise funds for your startup, crowdfunding can be the best choice. All you need to do is become part of a crowdfunding platform and you will be able to tap into the pool of potential investors. And this will help you kick start your business and make it a success in the industry.
5 Tips To Help You Purchase An Air Purifier For Your Business
Today, businesses around the world are getting back to normal after the pandemic. However, there is still a lot of risk of airborne transmission of bacteria and viruses. Due to wearing a mask and staying away from people, most people have become weaker as far as immunity is concerned. Therefore, they are unable to protect themselves against respiratory viruses, such as the common cold and flu. If you are in this situation, we suggest that you invest in a good air purifier. Given below is a description of 5 tips that can help you purchase the best unit.
Technology
We suggest that you go for the best technology to cover your needs. According to the Centers for Disease Control and Prevention (CDC), air purifiers with HEPA filters can help you capture tiny particles of COVID-19. As a supplemental treatment, you can also go for germicidal ultraviolet light.
The good thing about HEPA filters is that they are made to capture more than 99% of airborne particles. They also have a high filtration capacity.
Strong Airflow
According to CDC, your chosen unit should have a powerful fan for the best circulation of air in your home or office. In other words, you cannot use residential units in your office or other commercial building. The reason is that they have weekend fans.
The point is that high-powered fans create a lot of air pressure. The idea is to make sure that there is enough airflow for proper air circulation across the whole place. For a commercial, you may want to invest in a medical-grade air purifier.
Reputation
Reputation is another major factor that you must consider. If you want to purchase a business air purifier, we suggest that you don’t just buy from any reputable brand. What you need to do is consider independent scientific testing performed in real-life situations. Besides, these tests should be done at a reputable center for validating claims.
Besides, you may want to consider case studies and get in touch with a few quoted customers in order to know about their experience. As a matter of fact, most buyers can happily share their views about the products that they have purchased.
So, you may want to read the sustainability credentials of the manufacturer before making this purchase for the first time.
Cost
You may want to purchase these devices as if you are going to make an investment. You may not want to take it as a cost or expense. Unlike a residential air purifier, hospital-grade units are far more expensive. Therefore, you may want to consider the cost factor before setting your project and purchasing these units for your business needs.
Conclusion
Long story short, we suggest that you consider these essential factors if you are going to purchase an air purifier for your business for the first time. The idea is to ensure that you get the best product that will cover your needs and stand the test of time. Hopefully, these five tips will help you make an informed decision.