Joe: Hey everybody, it's Joe Crump again.
Next question: Lester: "Hi, Joe.
I didn't quite get the concept of building a list.
Although it sounds nice to have a list of buyers and sellers, I really just need to
make some money right now.
What am I missing here?"
Joe: This is from Lester in Missouri.
Joe: Well, I believe that a list is one of the most valuable assets that you can own.
I have a list of 45, it's actually larger than that, 45,000 investors and I send out
to that list just about every other day; you're probably getting emails from me right now.
So I send out to that list almost every other day, and I monetize it in a lot of different
ways, e.g. I sell real estate to it, I sell my books and tapes and audios and my coaching
program to it.
I sell other peoples investment property to it as well, and it's been a great source.
Joe: You can do the same thing by building a list of investors -- by building a list
of buyers and by building a list of sellers, and having all three of those lists, and learning
how to monetize that list and how to make those people buy and sell properties to you
is a wonderful thing.
Joe: I would say that if I had to give up my list or give up all of the real estate
that I own (and I own quite a bit of real estate) -- if I had to give up one of those
two things, I would probably be willing to give up my real estate before I gave up my
list because I know that I can go to my list right now and send out an email and make a
chunk of money on any particular day.
So if you build an effective list, it's going to make you a lot of money.
Joe: Now, you have to build a relationship with your list.
They have to know who you are.
They have to know what you have to offer, and you have to do it over a period of time
by educating them, by selling them on ideas by giving them lots of free information helping
them understand why it makes sense for them to work with you and do the things -- and
not necessarily work with you but to buy the way that you're suggesting.
Joe: Let's say if you're working with a buyer and it's a lease option buyer then you're
going to want to explain why lease options make more sense than renting.
If you're working with an investor, you need to help them understand why investment properties
make sense and why they should buy and why they specifically should buy from you.
Joe: Over time you can do that, and we use autoresponders to do that.
We've talked about the sequential email sender in past videos, and if you use those with
your list, it's very hands off.
I work very little on my list to monetize it.
I set up an autoresponder sequence, I plug it in and it starts sending out these emails
every day or every other day or whatever it is to a specific list.
Joe: I've got a lot of different categories within my list.
People on this particular list that are listening to this audio are real estate agents, but
I have a much larger list of people who are just regular investors, and then I break those
down into people who have downloaded different types of projects or audios from me or who
have been on different teleseminars so that I know that they have a certain interest in
certain things.
You can segment your list in a lot of different ways and you can make a lot of money doing
it that way.
Joe: These are techniques that I learned as an internet marketer, and when I started applying
them to real estate, everybody that I was teaching this business just exploded -- it
just went crazy because it brought in so many leads, and it brought in free leads.
Now, I still use classified ads and I still occasionally use TV and billboards but with
those things -- the cost per lead is so much higher than what it would be if you go out
there and use the internet and use the techniques that I'm teaching you on these videos.
Joe: Once you have them on your list, those leads are free and those people are more likely
to buy from you than people that have never heard of you before.
Once people get to know you and once they get a feel for who you are, they're going
to be a lot more likely to trust you and buy from you and work with you.
So, hopefully that helps -- building a list -- I can't emphasize enough how important
that is to your business.
Good luck.