Updated business plan

[Account Closed]

Hey,

Ok here is a very basic outline to my business plan to get started in wholesaling. I am thinking of either adding an additional phone 9.99$ month or setting up a google voice for my direct mail and how they can contact me. I would use the separate phone to have a voicemail describing how I can help them instead of all these calls coming to my personal line.

Other than that here we go

I will spend about 150$ a week (600$) month on direct mail to get started. This will be my investment to get used to talking to sellers and maybe even land 1 deal but not counting on it. I will send out yellow letters weekly and I plan on a 100 a week. The cost to mail that is 44.00 and ink and envelopes so I would say 60. I am also going to send out postcards for the rest of the money. I will use click2mail and that can be done easily with a few clicks. The pain will be writing these envelopes for the yellow letters out but I will have to dedicate a couple hours a day to go to that. I plan to outsource that sometime but I will just do it now. The yellow letters will be printed out except the name and address and I will handwrite that so less time on my part thank god! I plan to have my calls come in and I will begin talking to sellers, my trick is to do this every week. I plan to buy a list of 1500 names of absentee owners with 60-100% equity. I also think I am better off starting in the cities around me for the names instead of the whole county because the houses are cheaper for the cash buyers and i am still new to everything.

[Account Closed]

John you have outlined part of a marketing plan a business plan encompasses much more.

Some Key areas of a Business Plan
Executive Summary
Company Description
Marketing
Sales Forecast
Operations Plan
Management & Organization
Personal Financial Statements
Capital Requirements
Financial History
Projected Financial Statements

It sounds like your basic market strategy will be direct mail advertising. Do you plan on employing any other strategies to find potential deals?

Have you considered your strategy for building a buyers list as well?