Quotes of the Day
All your in-store clerks, telephone staff, receptionists, client-service people--everyone with any public contact or client interaction, or anyone who impacts your business--must fully understand, embrace, and believe in your unique selling proposition (USP). [2000] - Jay Abramham
No matter what one may have read in a book or how long one has paper traded, as soon as a person starts trading for real, everything changes. Mistakes one never even thought of start popping up left and right, and the best way to avoid making them is to make them, lose money, realize they were mistakes, and consciously be aware of them the next time the same situations arise. A trader needs about 3 to 5 years to get through the learning period. One should have a minimum of $25,000 to $50,000, a 3-year horizon, and a very understanding spouse. [2003] - Marcel Link
If the math doesn't' seem to work on a certain type of investment in your area, perhaps it's time to consider what is working. Would wholesaling commercial properties be a better use of your time? What about multifamily properties? How about condo conversions? What about fast food triple-net leases? Have you considered subsidized low-income housing? To find what is working in your town, simply connect with investors who are actively engaged in your market. What are they investing in? How are they making a profit? Discover the secret to their success, and you'll find the path to yours. [2015] - Brandon Turner
Third-party short term rental data providers such as AirDNA.co, MashVisor.com, and AllTheRooms.com all collect market data for most Airbnb markets, often with hundreds or thousands of comparable listings. Although they're not free, the data they provide for a modest fee is well worth the accuracy you get and the savings in time and effort. The markets that provide you the biggest discrepancy between short term rental rates and traditional long term rental rates, the stronger the Airbnb demand in that market. Hot markets can see a revenue ratio differences of 2:1 or even 3:1 whereas in cold markets, you can see ratios closer to 1:1. [2023] - Symon He
In every sale, there is a key benefit that the prospect is seeking. This is the one thing that the prospect must be convinced of before he can buy. Your job is to uncover this key benefit and then to convince the customer that he will enjoy this benefit if he buys your product or service. At the same time, there is a key objection to every sale, the major reason that the customer will hesitate or decide not to buy. It is absolutely essential that you uncover this key objection and find a way to answer it to the customer's satisfaction. [2004] - Brian Tracy