Generally when a new person embarks on a new MLM home business they are usually trained to first make a list of people they know who they can approach to share their new business and hopefully have those friends and family see the opportunity as they have and join them in their venture (known as the Warm Market).
To start with you will want to buy a minimum of 100 Internet leads. This gives you a good chance to test the quality of the leads before making a much bigger outlay. You should then spend around 2 to 3 months calling and following up on these initial leads in order to gauge the conversion rate. This timeframe will of course be influenced though by your business size and how many people you have working on your leads. You may be able to go through 100 leads within just a week, or it might take you several months if you are working alone.
There are many different ways to buy foreclosures. You can buy them from the seller/owner, buy the lien or mortgage and back into ownership, buy them at auction, or even after the auction when they become REO (real estate owned) properties. There are many different types of sales and acquisitions that you can make, as well. It all depends on what you’re looking for. You can do short sales, loan modifications, auctions, back-end deals, second mortgage purchases, and even investing with someone else’s money to make a profit and more. There are so many different ways to buy foreclosures, and you need to be aware of your options so that you can employ the best technique every time.
Leads from lead generating companies can be good or bad depending on which ones you buy. If you buy leads that are cheap then the tendency is you’re not going to be happy. Don’t get me wrong; I love cheap things just as much as the next person! But you simply can’t play with quality when it comes to your leads, quality is the priority and cheap leads don’t have that.
Leave a trail for your business anywhere you travel. Let other people know your presence. Understand that all business owners have the same problem as you, and that is finding a steady flow of unused 5th limb consulting.
Be honest with yourself… did you have a figure in your head about how much you were really ready to risk before you bailed out of your opportunity? What chance have you given yourself of succeeding in network marketing when you have placed a conscious limit on yourself before you even start?
I know what you are thinking: but, but, but exclusive leads are more expensive! Yes that is true but you pay for what you get. If you can find a reliable lead provider there is no question that it is makes way more sense to buy exclusive leads. When it all comes down to it you have to calculate your cost per closed loan from each type of lead. Exclusive leads not only have a better cost per closed loan, they also save you time and energy.