As a bird-dog your Real Estate Investor action plan is just
part of your long-term goals, short-term goals and monthly
action plan. Your goals (will probably) also include your
personal aspirations, which may include weight loss,
exercise, spirituality and other personal goals.
As a bird-dog we are most concerned with the steps in your
Real Estate Investor Strategic Action Plan, which at this
point are relatively simple:
• Learn as much you can
• Find your Real Estate Investors
• Determine the number of leads you will pursue
• Generate the leads from a variety of sources
• Submit leads to your Investors weekly
• Follow up with Investors and get results
An action plan requires that you take action. Real Estate
Investors won't come to you for leads. Don't wait, put your
plan together and act on it. Get started immediately, you
can always make changes and adjustments as you carry it out
and discover what works best for you.
As a bird-dog you need to establish How Many Leads You Can
Generate in a Month. This is a good question. The answer of
course is up to you. How much time and effort can you
invest into your business?
For the first month as a bird-dog Real Estate Investor set
a goal of generating 200 leads which is only an average of
50 per week. This is realistic and will get your feet wet,
as you explore the various ways to find leads and learn the
process.
As you fine-tune your lead sources the number of leads will
drop, but your referral fees will increase. This is the
result of concentrating on the sources and Real Estate
Investors that are most productive. We will cover this
later.
As a more experienced bird-dog you can goal to obtain
between 300 and 500 leads per month. These are just some
general guidelines, but you may be able to find even more!
Break your target number down to a weekly basis, 75-125
leads per week. This may seem like a high number, but it is
perfectly achievable, if you are willing to work at it.
It is essential that you put your Bird-dog Real Estate
Goals in writing. Furthermore, it is just as critical that
you review them often. One of the best ways to make this a
habit is to review your written goals each night before you
go to bed and each morning before you start your day. This
is a great way for all Real Estate Investors to remain
focused!
----------------------------------------------------
Chris Parks is a Real Estate Investor who has been involved
in Real Estate in one capacity or another since the mid
1980s. As a member of a small group of Real Estate
Investors & Entrepreneurs, and always having the knack for
explaining Real Estate Basics in an easy to understand
manner, Chris created REI for Newbies in order to teach &
assist new Real Estate Investors in a step-by-step,
easy-to-understand manner. http://www.REIforNewbies.com
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