Gang, this is Mike with My Real Estate DOJO and what I want to talk about is an unwritten rule that I came across after years of having my own business. The rule is basically if you put more effort into let’s say mailing out or stuffing envelopes, put effort in putting signs up, you are going to get a better return on your investment that if you pay an employee. Let me give you a couple of examples. This is a very fascinating thing that I realized. When I first started in real estate investing, when I was stuffing my own envelopes to mail them out, I used to get a higher return on seller’s calling me and me getting deals.
Once I made more money and hired employees to do that for me, my return on the investment was a lot less. Let me think about what’s going on. The same exact thing has happened with my other company. Let’s say with my moving company.When we first started in the moving business, when I used to go out there and pass out flyers, I used to get a bigger return than when I hired employees.
Same exact thing happens with text messaging, I was just mentoring a student, where we paid a virtual assistant to text a prospect of 10 000 and she got a return of investment. Just the other day we got her to text 400 people and she got more return on the investment with her own sweat equity that she did with paying somebody else. I really don’t know where this rule comes from, but my conclusion is that the Universe or the Creator wants you to put a certain amount of sweat equity in before she showers you with rewards. If you haven’t put the sweat equity in, let’s say you have the money and you hire Bob to do the stuffing of your envelopes, you’re going to get a return on your investment, but if you do it yourself you are going to get a bigger return.
What I have realized after 15 years of owning my own business is that when you put the sweat equity in,you’re going to get a bigger harvest that when you let Bob or Joe as an employee do that stuff. Do out there and put the sweat equity in. I know it’s going to be hard work, but trust me, your return on your investments is a lot more.Especially if you have no money, its great use, because you can put the sweat equity in and you’re going to get more deals than an employee. This is Mike with My Real Estate DOJO, gang. If you like my videos please share, please comment and go out there and take action. Let 2016 be the best year of your life!