Systemizing Parts of Our Wholesaling Biz

Systemizing Parts of Our Wholesaling Biz

Detroit, MI · Member since 2012 · 170 posts · 21 votes

After reading Michael Gerber's "E-Myth" and Tim Ferriss' 4 Hour Work Week" I've been focusing on creating duplicable systems for our wholesaling business.

My job is to handle marketing, and my business partner is more on the front lines, talking to buyers and sellers, title company, etc.

We have a few virtual assistants that help with our marketing campaigns. I have the systems pretty much in-place for our marketing, but I need to find a way to systemize my partner's end of the operation.

They're always running around like a chicken with their heads cut off putting out fires, and talking with the sellers and the buyers. I know it's a part of the business, however in order for our business to grow, we have to be able to get OUT of the business, so that we can work ON the business.

I say all of that to ask for advice on systemizing "their" part of the business. I know this is a broad question; to try to be more clear, I'm asking if you know of a resource online or something I can reference that can make dealing with sellers and buyers a little more clean?

My partner is constantly bouncing back and forth, relaying messages between parties, running to show properties, etc. They just come across as unorganized and inefficient, and I'd like to suggest something that can help that portion of our business.

Thanks for your time and suggestions in advance. I apologize for writing a book :-)

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  • Real Estate Consultant · Eugene, OR · Member since 2013 · 178 posts · 39 votes
    13y

    A couple of books on that subject that really helped me:
    RE Day Trading by Larry Goins
    The Ultimate Sales Machine by Chet Holmes

  • Real Estate Investor · Member since 2012 · 189 posts · 32 votes
    13y

    If you've done it for a while, you should be able to diagram a work flow n even stages for that workflow detailing all the parties to interact with as well as a decision type chart and timeframe for each segment, right? Once you see that all on paper, you can begin to better see areas of efficiencies and inefficiencies and come up w a draft system to work with and evolve.

    While an online system might sound good.. maybe after u have detailed your own workflow,you can use other tech n comm to implement in your own for a better customized, fitted, and streamlined system for your group.

    Just thinking out loud..

    Good luck!

  • Detroit, MI · Member since 2012 · 170 posts · 21 votes
    13y

    Thanks for the great feedback

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