The concept of little hinges swing big doors is to maximize hidden profit centers in your existing business, called add-on. Add-ons were used to create massive success for McDonalds food chain simply by asking, “Would you like fries with that?” By using what you already have more effectively so you can get more money with less work. The best part is you probably have everything you need to get started.
One add-on path that got a bad reputation has been network marketing. In the beginning, everyone did network marketing all wrong:
• they bugged their family and friends
• They hounded prospects who couldn’t care less about a business that had they had no connection with
And none of that worked well so after working hard at it for months and not seeing any real, significant results and quit vowing never again. That’s fine for the general public but for those in real estate everything has changed.
SURROUNDED BY MYTHS AND MISCONCEPTIONS
What you’ll hear is a plan to work smarter (not harder) by getting the leverage of some passive income streams. Because when people come to you who are interested in your product or service, or, better yet, you actually demand they take part in your add-ons as a requirement for doing business with you, sharing the plan or signing someone up is no longer a momentous occasion. It’s simply an everyday, routine part of business. Just like checking your email. And the best part is you probably have everything you need to get started: contacts.
If I had to do it all over again, rather than build an old style type of business, I would have started building a network marketing business.
Investor, Entrepreneur and Best-selling Author of Rich Dad Poor Dad Robert Kiyosaki
UNCOVER ASSETS YOU ALREADY HAVE BUT DON’T USE
As long as you’re having to search for prospects yourself and chase them down, upselling is hard and time intensive, which is why most traditional Multi-Level Marketing is doomed to failure from the start.
However, as a real estate investor, Landlord, broker or rehabber you are constantly in front of people who can benefit from upselling them (and you don’t even have to sell, how hard is it to ask “Would you like fries with that?” ). By uncovering the assets you already have you can earn more from new passive income streams using powerful income-generating opportunities in your real estate business.
Your network is directly related to your net worth if you know how to leverage your network appropriately. So under the right conditions this means the bigger your Rolodex the bigger your bank account. And the crux of the matter is a bigger, better business without the typical time and operating costs of everything that ‘bigger’ typically requires; hence the common term ‘passive’ when talking about income derived from a business that runs somewhat automatically without the owner.
Scott FladHammer, Wealth Education™
IN THIS INSIDER INTERVIEW YOU’LL LEARN:
- Six New Ways To Make Extra Money in Real Estate in 2019
- How to uncover assets you already have but aren’t using
- How to Add New Powerful income-generating opportunities
- Scott FladHammer’s T.I.M.S Matrix to create a passive income lifestyle
New Passive Income Streams to Supercharge Your Real Estate
Beginner to Advanced
Work smarter and earn more by leveraging new passive income streams:
MEET THE INSIDER
I was born in Chicago, IL, but raised in Orlando, Fl. I can’t remember much about my past, but I do recall that my parents never had much money and we were always moving. Living with roaches and having parents that did drugs on a regular basis isn’t something that I find meaningful, however it has helped to shape me into the person I am today. While living the past life that I lived while growing up, I made a choice as well as a decision to myself that life would be better as I got older and started to learn the ropes of life.
From elementary to College, I was always viewed and treated as a leader. I knew I wanted to be a businessman as early at 12 years old. By the age of 15, I had my own lawn cutting business that soon became a full landscape business within my first 2 months of cutting. Little did I know that the business would bring in a whopping $3,600 per month. Keep in mind, I was still in school and was involved in sports all year round such as, cross country, soccer, football, wrestling, track and field, student board etc. Long story short, I felt the success at an early age and saw what hard work could yield. Though I’m older now and have moved on from such things, I was still smart enough to find middle school students to carry on my work and pay me for handing down my business. Till this day from 15 to my 30’s, I’m still being paid from what I started 15 years ago.
My determination and desire to succeed goes far beyond the norm for a young adult like myself. I do not only feel responsible for my monies but the trust and monies that my partners invest in hopes of having better lives. Upon my return from Iraq in 2006, my grandmother passed away and left me all she had. I was left with 3 apartment complexes, 6 homes, 3 bank accounts, and a collection of things that she stated she wanted me to have. Unfortunately, by the time I returned home from Iraq, I found out that my mother and other family members had taken everything my grandmother wanted me to have. They not only took those things but found a way to get a general power of attorney in my name and cleared out every dime I had. When I say I had nothing, I mean I had nothing. No clothes, money, or home to live in. What was almost $200,000 in my bank account after 9 years of hard work and accumulation became $0 in a matter of one day. God bless the friend that took me in and cared for me until I got back on my feet.
Two months went by and depression took its toll. However, after borrowing $4,000 from my friend, I was able to close on my very first house and received $8,000 at closing. That $8,000 was enough to duplicate myself and pay my friend back in the process. It always pays to have good friends that can be counted on.
It seems as if all this happened last year, but from losing it all in 2006, I have rebuilt myself to this day learning through trial and error, books, seminars, investor conferences, investor meetings, and above all a relationship with God. I have learned to forgive and forget partially, simply to not let or allow negative repeats in life to occur. Other than being a driven individual to change the world for the better, I want to help start water irrigation plants in countries that have terrible drinking water; I want to build stronger more resilient homes for all types of weather conditions. I want to leave a legacy that shows I tried and did make a difference.
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