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Ep 183: Make more money by teaming up with a realtor | Chris Craddock
06:05 – About 3 or 4 years ago, I solved a synergy that could happen if agents and investors work together because industries are just leaving so much money on the table.
07:43 – If there is a way to make more money and get paid more than one time in a compliant way, you should always try to do that. You could get either more clients or more of that client.
07:55 – It is really important to not only focus on your top line but also your bottom line as well, which is part of the whole idea behind the REI Revive piece.
09:05 – If you are running everything, you could be the bottleneck and no matter how talented you are or how good you are, you can do anything but you can’t do everything.
12:25 – I have like a handful of books that I just made my bible for a year. These books really taught me how to become not just to work in the business better but work on the business and become a business owner rather than operator.
12:42 – Some of the books are Clockwork by Mike Michalowicz, The 12 Week Year, The E Myth, Scrum, and the Who Not How.
23:15 – Real estate agents don’t like to spend a lot of money upfront. Real estate agents are willing to pay a much higher variable cost, and a variable cost is when you sell a portion of what they sell. So they are willing to give a large referral fee on a closed transaction.
25:03 – This is why I created my program (REI Revive) so that I can shorten that learning curve, take all the stuff that took me years to cultivate and get it done in a short period of time.
27:32 – I think speed equals a lot of money in this business. Everyday that you do not learn a new thing, it costs you thousands of thousands of dollars.
27:54 – Imitate then innovate. If you can go and find somebody that is doing something that you want to do and they can shorten that learning curve, it’s gonna make you so much money so fast and you should pay anything for it.
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