Nothing else will work without an offer that’ll fix a problem for a market that’s big enough to support your targets.
Ppl talk about “message/market” match — but if you only nail the message and do not nail the offer you will just churn & burn.
🏆 Service the hell out of your customers
Our entire model on the services side:
-person buys product
-person is taken care of well enough they buy more
When you’re *really* good at marketing the temptation is to disrespect the power of referral & recency. Don’t.
🏆 Invest into people - invest a LOT into people
A great core (C-suite) is potentially the most important investment you can make.
We finally got ours built and then we just kinda disappeared. Then things grew faster… tough for the ego, GOOD for business.
🏆 Assign a secondary game
All extra profits flow to assets (for us it’s mostly real estate). It’s hard to get motivated when you “have enough,” UNLESS there’s a secondary game…
Go build one.
🏆 Don’t take on too much too soon
Scaling a business too quickly is devastating… pay your support people well and give them time to systematize to keep up with growth.
Better to do it slower but healthier than faster and lose the health.
🏆 People are going to copy you
All the time… don’t ever depend on “one thing” working. It doesn’t matter if you invented it. Invent something else.
They say “if it ain’t broke don’t fix it,” but people who believe that go broke. Always be innovating…
🏆 Legit have fun
There’s a lot of sh*t you’re going to have to deal with to scale anything… it’s gotta be fun or at the very least, enough parts of it gotta be enjoyable.
🏆 Tactically: LENGTHEN the buyer / conversion journey
The longer the conversion path the healthier your overall client will be. Not *always* but in most cases, if you’re ‘home growing’ customers, grow them WELL.
That takes time.
🏆 Build customer lists, not lead lists…
;)
The end.
This thread took me 5 minutes and please forgive any typos. Happy Saturday and happy to help if I can 🙏
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As many of you know I am in real estate and always will be. Have studied macro & currencies for many years, and settled 3 years ago on RE as my primary allocation.
I’m spreading 10% of nw into crypto and here is why.
1/ the value accrual system of the world is wrong
A system where value accrues to the USER will beat a system where the value accrues to the controllers.
-BTC rewards you for doing math & cannot be manipulated to create more for 1 person than all the rest. Similarly -
-ETH 2 rewards the holders (proof of stake) and the more you own the more you will accrue.
Let's talk business acquisition. I'm up to 7 brands and here's how I buy them (quick thread to break it down):
First - we can't talk about funding or mechanics until we talk about deal flow. You must develop a single answer for when people ask you if you're interested:
Yes.
That's the answer... deal flow is the single metric that will break all the other metrics.
Once you have OPTIONS to look at, it's time to organize them into two categories:
1) Strategic 2) Cashflow
Here's the difference: a cashflow business is something I buy purely for the cashflow. I want the yield to support the investment, basic.
We are starting a non profit program in Charlotte where ~10% of our houses are being sponsored & reserved for people down on the their luck.
Not slum houses, beautiful 2,000 sf, fully renovated homes.
While someone is living there we will have education programs for them to be a part of and our team is looking at other non profits / food banks to partner up with to make sure someone has food, furniture, and clothes.
We’ll have the entity finished hopefully by Thanksgiving but are starting to allocate houses now.
If you’re looking for places to donate and help people out - this will be a great option for you. Please keep us in mind.