Bouncing Back from Real Estate Investing Disasters - Flip King Episode 5

We’ll all have bad weeksLet’s talk about the ups and downs of the business. We all go through these ups and downs. Whether you’re new or have been in this business for years, you’ll have ups and downs. I just want to be honest with you and tell you that’s it’s been a bad couple of weeks. Looking back on the past I’ve had bad weeks in the past and I always found a way to get through it.While success is relative (whether its 10 deals a year or 1,000), so is struggle. In the last couple of weeks, we’ve had all sorts of deals fall apart. We’ve had a lot of negative things happen. It’s been bad clients and people backing out of deals and people who couldn’t raise the money. No matter the cause, though, you’ve just got to focus on your goals.Consistent predictable revenue is a struggleWhen you consider it, what you really struggle with is having consistent, predictable, revenue. That’s the hard part. A lot of people fail on this. The consistency doesn’t happen. Maybe you have $1,000 and you spend it making and sending out a mailer. If you send it out and you don’t make back any money, you might consider it a failure. Often though, it’s the second, third, or fourth thousand. It’s difficult to spend more than you’re going to make as long as you keep constantly trying to reach out. Keep going until your effort pays offIt’s possible to make tens of thousands of dollars with just a few minutes of work. You just have to keep going until it pays off. You just have to constantly market over and over again. Don’t bail out after your first try. It will take time; don’t give up.There are so many people making money in this business. How are they doing it? They don’t give up. They bounce back quickly and keep going. They’re constantly listening and growing and learning to grow more.Consistency will yield resultsConsistent marketing will yield consistent results. Sometimes this business sucks. Sometimes you’d rather not do it. If you’re ultimately responsible, it can really beat you up. Don’t let it. Fail and quickly rebound. How quickly can you fail and get back on your feet? I’ve had a bad couple of weeks and I know what my goals are. I know that I set high expectations for myself, but I also know that I’ll beat them, no matter what it takes. There’s nothing like real estate. Remember that the lows in working for yourself are better than some of the highs in working for “the man,” so keep going. Don’t give up. Show outline:We all go through these ups and downs. No matter the cause, though, you’ve just got to focus on your goals. I’ve spent the last couple of weeks down.The quicker you can bounce back the better.When you consider it, what you really struggle with is having consistent, predictable, revenue. Maybe you have $1,000 and you spend it making and sending out a mailer. If you send it out and you don’t make back any money, you might consider it a failure. Often though, it’s the second, third, or fourth thousand. You just have to keep going until it pays off. You just have to constantly market over and over again. Don’t bail out after your first try.There are so many people making money in this business. How are they doing it? They don’t give up. Consistent marketing will yield consistent results. Fail and quickly rebound. How quickly can you fail and get back on your feet? Remember that the lows in working for yourself are better than some of the highs in working for “the man,” so keep going. Don’t give up. LINKS MENTIONED IN THIS EPISODE:NoneTWEETS YOU CAN USE TO SPREAD THIS GREAT CONTENT:Whether you’re new or have been in this business for years, you’ll have ups and downs.You just have to keep going until it pays off. You just have to constantly market over and over again. There are so many people making money in this business. How? They don’t give up.Consistent marketing will yield consistent results. Fail and quickly rebound. The lows in working for yourself are better than some of the highs in working for “the man,” so keep going.