Making Money In Real EstateMaking Money In Real Estate

WARNING: This single step can double your real estate investing income in the next 90 days.

Decide on your target market

Determine what your target market will be. I know from experience that it is really easy to want to do EVERYTHING: Foreclosures, probate, absentee owners, abandoned properties, tax liens, lease options, and the list goes on and on! But, to be a successful real estate investor and to really make money in real estate, you've got to focus! Drill an inch wide and a mile deep!

Let me guess, you heard a teleseminar on short sales and you wanted to dive in! Then, you buy the probate home study course you just found online!

I am guilty of this! I went to a 3 day real estate training several years ago. Every single strategy, technique or tactic that was taught was ?it?! So, promptly upon leaving, I decided to try everything all at once? The thing about this is that we're so often looking for the magic pill, and unfortunately, no such elixir exists in real estate.

Believe me. I understand your frustration when everything seems to contradict everything else. So, I'm going to clear things up for you! You don't have to do everything in real estate. You have to do one or two things well. So, perhaps you work with foreclosures and within the probate system for your real estate investing focus. You become the expert in those areas.

You learn one market and how to negotiate, overcome objections, solve problems that come up and so forth. I systematized it and then move on to the next market and let the system run on autopilot.

So, first things first?

1. Pick your niche: Foreclosures, probate, absentee owners, MLS, abandoned properties, farming neighborhoods, tax liens, code violations, etc.

2. Determine your method of communication: Direct mail, driving for dollars, telemarketing or mass media advertising

3. Set your real estate marketing budget: Figure out how much you are going to spend per campaign. A campaign is not a monthly budget. Keep in mind a real estate marketing campaign is not necessarily a monthly budget. You may spend $100 one month and $500 the next simply because of what marketing tactics you are using.

4. Implement Implement your plan ? and stick to it! You've got to commit to your real estate marketing or else you'll be throwing money out the front door rather than really making money in real estate! Be patient and stay in for the long haul and the deals will come. Just remember that real estate marketing is an investment into your real estate business and constant investment results in a constant stream of income.

by Heather Seitz
References and Bibliography

The Next Level Institute is dedicated to helping real estate investors ? whether a brand new or a seasoned investor ? become more successful with less effort. Get your free 4-part mini-course on finding deals AND learn the 7 keys to sucking in the deals faster than a "Hoover" vacuum! Get your free e-book at: http://www.7steprealestate.com

Rated:NR/0 Votes
3 Views
Add To My Article Reading List
Add To My Article Reading List
Print Article
Print
More Article By Heather Seitz
More Article by Heather Seitz
Share
More Articles From Real Estate
More Articles From Real Estate
Related Articles and Readings
Real Estate Marketing How to Use the Media to Your Advantage By: Brandon Cornett
Public Relations is often the forgotten tool of real estate marketing. Unfortunate, because with an effective PR program, real estate agents can generate more exposure than with traditional advertising, and for a fraction of the cost.Even better, PR brings additional credibility due to its third-party nature. Which would you be ...
Real Estate Marketing Online The Power of Information By: Brandon Cornett
How to increase your real estate marketing success by offering informational reports through your website...Do you have a website? Do you have some basic research skills? If you answered yes to both questions, then you have the tools to take your real estate marketing program to an exciting new level.In ...
Real Estate Internet Marketing Is The Way To Go By: Daegan Smith
Real estate Internet marketing is a booming business, along with all other forms of Internet businesses. Now, it seems that very little can't be sold over the Internet. An estimated 20 million people shop online for things as diverse as airline tickets to vacation homes. Research firms ...
Ample Real Estate Marketing is Vital For Selling Success By: Simon Volkov
Assembling a real estate marketing program is a vital element for bringing in prospective buyers It's almost impossible for buyers to locate homes for sale without some form of ...
Real Estate Marketing Slogans A Brand Of One By: Lanard Perry
Real Estate Marketing slogans arouses interest in your audience and can be the vehicle that helps establish your "name brand" and invigorate your real estate career.A good, well crafted slogan can propel your business in quantum leaps, while a poorly considered one can be ...
The information provided in this article and/or the comments is the sole responsibility of their respective authors and does not necessarily reflect the opinion of ezinepost.com. ezinepost.com  does not endorse any article and/or comments published by our web users unless otherwise noted. 

Member Panel

login to submit articles and more

StatisticsEZINEPOST.COM

  • » Active Categories: 419
  • » Active Articles:252096
  • » Active Authors:32163
  • » Active Members: 35787
  • » Statistics Updated:
    - Sat Aug 11th, 2018 01:04PM EST