
Most real estate wholesalers fail because cold calling requires 5,000 dials per deal. Instead, spend $500 to $1,000 monthly on SMS campaigns to pre-qualify sellers and call only warm leads, letting you keep your day job and have actual conversations.
Chapters
Most wholesalers quit before they make any money. And it's because of this one fatal mistake, they start cold calling. If you're working a nine to five, you don't have six to eight hours a day to cold call 500 people. And a lot of gurus are going to tell you to do just that. Go to propstream, go to xLeads, pull a list, put it in a dialer and start calling. I want to paint a picture for you. It takes 100 dials to get one person to tell you, yes, I will take a cash offer. Then it takes about 50 of those to agree to the price that you need it for. So that's 5,000 total dials. Now, if you do it this way, you can spend about 500 to $1,000 a month that you make at your 9 to 5 and do something called SMS campaigns. Now, instead of cold calling everybody, you're simply sending texts to everyone. And the ones who respond saying, yes, I want a cash offer. You call them and you have a genuine conversation. Then you can offer them. The cool part about this is you can make guaranteed income at your W2 all day. And then when you get home, you can call all the sellers who said they were interested in a cash offer. So when you answer the phone, you're not going to be like, hey, do you want a cash offer? You already know they want a cash offer. Now it's, hey, how can I best help you? For more content like this, follow me.
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