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One of the fundamental precepts we hold in our business is creating multiple profit centers.
Simply put, create money coming in from as many directions as possible without setting up multiple businesses.
Prior to having the power of the internet this was tricky to achieve. The diversity in my portfolio consisted of wholesale properties; rehab properties; and rentals and lease option properties.
The proliferation of the internet across America…across the world has changed all of that. We are now able to reach a vast population quickly, inexpensively, and almost automatically thus opening an array of new income possibilities.
Here are five different ways that with an online real estate business you can generate $5,000 a month each.
(1) The Conquer & Control Technique: Wholesale properties and never buy. Control and sell your controlling interest. No loans. No rehab. No risk. An average deal earns $10,000, so just do 1 deal every two months.
(2) Sharing “Their” Wealth: With a national list of investor buyers (which you built on the internet) you have the power. Offer to market other wholesalers’ deals to your list for half the profit when your buyer closes. Many people have deals and no buyers. This service is a no-brainer for them.
(3) The Guru Gravy Train: The buyers on your list love all things real estate. Become an affiliate sales person for respected programs and resources and offer these to your list and receive one half of the sales with none of the work.
(4) The 90 Minute Work Week: Simplest money you’ll earn. Invite your list to listen to respected educators on real estate topics. Allow your speaker to sell their product and again you receive one half of the sales with no further effort.
(5) The Boomerang Effect: Offer the various monthly membership programs available to your clients. These are low priced sales, but the cumulative recurring effect is spectacularly profitable.
Notice that I didn’t even discuss rehabs, rentals, commercial properties, or self storage which are all other ways to bring into money to your empire.
The opportunities are abundant once you have your basic business operational.
By leveraging the power of the two greatest wealth builders of our time – real estate and the internet your profits will grow exponentially with minimal impact to your time and money resources.
Expect abundance,
Lou Castillo
