REI Wealth Monthly Issue 09 | Page 54

CREATING A MARKETING PLAN TO BUY HOUSES RICHARD ROOP Do you have a plan each month? Do you then work your plan? Are you committed to certain goals? Do you track your progress and then make adjustments if you’re off track? Without a plan, your ability to collect cash and build equity as a real estate entrepreneur will be inconsistent at best. At worse your results can be, well… non-existent. A Simple Plan for Creating Consistent Results I’m going to share with you some great tips for turning your income and wealth accumulation goals into reality. First, you need a vehicle. You got that. Buying and sell ing single family houses. What a great opportunity. What a great business. Next, you need a few goals. How many houses do you want to buy this year? How much profit do you want on each house, on average? How much cash will you collect now (income) and how much later (equity)? How much time will you dedicate each week to move you to your goals? Now you need a strategy for success. Here you go . . . 5 Steps to Success (for any business) are: 1. Locate prospects 2. Prescreen leads 3. Construct and Present Offers 4. Close 5. Sell Quickly You need to gather technical knowledge and skill in each of these areas. You probably have enough training and techniques to get started… or enough experience to take your business to the next level. That means you have enough “how to.” And you’ll always want to continue your education. That goes without being said. Attention to ongoing improvement and personal development is a habit of nearly every super successful entrepreneur I’ve met. But be careful…