Wholesaling
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated over 1 year ago,
Advice about my plan of action and anxieties.
Hello BP family! I am newbie wholesaler as a solo dolo and wanted to get all yall's advice about my plan of action and anxieties.
I get my records from Propstream. Trace on batchskiptracer. And start cold calling>voicemail>sms for each person (marketing strategy) As for my CRM. It’s really basic but it might excel. I heard about Podio... (where could I find free information on setting automation up) To be fair I read a post saying that you just learn how to make the first sale and then use software to improve efficiency. I have scripts, contracts, and a low budget for the tools. I just need to put in the action.
Questions:
1) How do I know I have exhausted my marketing strategy, I think it’s called a campaign, on my list before I drop my current list and move onto a different list. Of course, I will follow up with the ones that do respond until they stop responding and turn into ghost leads. And for the ones that do not respond at all to all my attempts (7 times), I'll just drop them. Should I reskip them or just move to a different list and don't look back lol.
2) How do I balance out calling the new people on my list while following up on previous prospects if I only have 2-4 hrs to cold call? Right now my conception of cold calling is that people Cold Call every hour of the day. This makes me think about which are the right times of calling new prospects and follow-ups. And not switching up the times often when I feel like it's not working.
3) Don’t you guys feel anxious that when you aren’t cold calling there are people out there taking your prospects on your list?
4) How would you guys plan your daily tasks? For example. Call part of a list from time A to time B. Stop work. And tomorrow call from Time A and Time B. And repeat until you exhausted your list. I want to have time spend time with my family but I feel like if I'm not working on cold calling, then I'm losing potential revenue which negatively affects my mindset.
5) What is a pipeline in wholesaling and how does it play a role long-term in wholesaling?
I live in the Houston Area for reference! Thank you in advance!