I've been virtual wholesaling for 4 years now and last year we did about 100 deals and just under $1 mil in revenue. THERE IS NO WAY I COULD HAVE ACHIEVED THIS WITHOUT MENTORSHIP. Period.

Without a mentor, there are just too many easy mistakes to make along the way. I have hired 3 separate mentors over this time and in the interim when I was without one, I made countless mistakes and lost a bunch of deals.

Some things to consider when selecting a mentor:

1. Do they have a business lifestyle you want to emulate? If you want to run an automated business and drink Mai Tais while doing deals in Indonesia, don't pick a mentor that grinds 100 hours a week and only has one employee. Jerry Green was amazing when I first started because he believes in getting out of your business ASAP so you can work on the business not in the business.

2. Can you afford them? A good mentor will charge you properly for their time. Cheap mentorship usually comes with low quality results or slow response times. My most recent mentorship program with Tiffany High cost me $20,000 for 6 months but the changes I implemented from using her have easily made me an extra $100,000 over that time.

3. How often are they available? I had a mentor early in my career from REWW that would only respond to me via email, usually several days after I reached out to him. By the time I got a response, I had usually already jacked up the deal and lost my contract.

4. How long is the commitment? From my experience, the lower the commitment level, the lower the quality of coaching. It's important to put your money where your mouth is and commit hard to growing your business. My moment of crossing over was when I purchased 3 months of coaching from REWW for $7,000. I only had $9,000 in my bank at the time and I knew I couldn't let myself down after making a commitment like that.

When to move on: I've noticed a trend with my mentors. When I start to resent them for not being better, more organized, dreaming a larger vision, or living up to their teachings, I know it's time to move on. Yes, this might be a personal issue but your mentor should truly inspire you. Once you are not inspired by their leadership and business anymore, I've found it to be super draining to stay engaged in the mentorship.

Some business relationships are only meant to take you so far. My current mentor told me "The team that gets you to $1 million is not going to get you to $5 million." I think the same goes for mentors. What she meant is, as you grow, you will add more constraints and higher expectations. With this change, folks will simply not align anymore AND THAT'S OKAY. The worst thing you can do is try to hold onto old relationships that are not in alignment with your vision any longer. Trust me, save yourself the long term pain of holding onto an expired mentor relationship and take the risk to go out and find a coach that's more in alignment with your highest vision for your business.

Denver, Colorado

5 Votes