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Updated over 7 years ago on . Most recent reply
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Stick to Wholesale or Move on?
This question is for those who have started in Wholesaling:
How many of you have stuck with wholesaling and made it your bread and butter and how many have moved on from wholesaling to other strategies like buying-n-holding or flipping after using wholesaling for the initial capital?
Is expanding to other strategies more profitable than wholesaling, or are they just easier?
Most Popular Reply
I technically do wholesaling for a living. I say 'technically' because I still have 2 other jobs which let me pick up shifts when I want. But I barely work those jobs.
It definitely takes up a lot of time, especially when you're first starting out. But this is the case with any business you start.
When I first "started" wholesaling, I spent massive amounts of time learning, reading and doing all my marketing in-house. This was the most difficult phase because you're working your butt off with no results.
Now that I have made some progress, I'm able to outsource my marketing and focus more on creating systems, automation and scaling. The end goal is to hire enough employees so all the daily tasks are being taken care of, leaving you more time for other projects/investments.
I don't think wholesaling is investing at all. It's a marketing and sales business... Unless of course, you decide to close on a deal and flip it yourself.