5 Resolutions Every Investor Needs for 2014
I’ve put together 5 Resolutions for 2014 that every Real Estate investor should adopt over the next 12 months. These 5 little promises will change your business and your life.
Make More Offers
I don’t care if you did 100 deals, 1 deal or no deals last year. If you plan to be involved in the business this year, resolve to make more offers. In fact, write down the number of offers you’re going to make. Figure that you’ll get 1 accepted contract for every 20 offers you make. Multiply the number of deals you plan to do this year by 20 and divide that number by 52 (the number of weeks in the year). Now write down the result and post it in a place you will see it every day. Make more offers and you’ll do more deals.
Track Your Marketing
Do you want to save yourself some money? Then make sure you know what your marketing dollars are doing for you. Track your leads. When you know what campaigns generate the best and worst results, make changes accordingly. Push your winners and cut your losers. Turn your dollars into an army of soldiers marching into battle to bring back lots and lots of prisoners. Track your marketing and make more money.
Look More Professional
I’m not talking about combing your hair and putting on a suit. Looking more professional has to do with the face you put on your company. When sellers (or buyers) are looking for a company or person to work with, they will likely do their homework. The way you present yourself to the world will impact a prospect’s decision to work with you. With the Internet, this often happens even before you’ve had the opportunity for a face-to-face. So get professional. Order some business cards. Think about your story. Work on your website. Make it all consistent. These things don’t have to be flashy or expensive. Just make sure you’re presenting the type of image you want to project to the world.
Focus on Minimal Effective Dosage
I’ve written articles about Time Ferris in the past. His books and blog posts are entertaining and really insightful. One of the lessons I’ve taken from his writings is the Minimal Effective Dose. That is doing the very least or minimal amount and getting the maximum amount of effectiveness from the effort. The idea is to cut out as much unproductive, time consuming activity from your life as possible. This leaves a lot of room for actually living your life. (For more information on MED, click here: MED Explained)
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Maybe last year’s resolutions left you fatter and more in debt, or maybe not. Either way, it’s time to get 2014 started right. Write down your resolutions and get started today.