In this episode of the Forever Cash Podcast, David Van shares the 10 top tips to scale your land investing business in 2021.
Every entrepreneur starts a business with the goal of growth. When you first begin your land investing business, you might be able to close a few deals and make a nice side income. However, if you are interested in achieving the financial freedom that many of the Land Profit Generator students have realized, you will need to SCALE your business.
If you would like to learn how to start and scale your land investing business in record time, join us for our upcoming 5-dayFREE Masterclass, beginning August 9th Register HERE:
What is Scaling
In business terms, scaling your business means that you are increasing your revenue faster than your cost. When you start your business, your first goal should be to break even. In other words, to create enough income in your business to cover any costs that you have incurred setting up or operating your business.
Scaling is the next step in your business. Everybody who starts a land investing business wants to reach a point where the business generates profits. You then want those profits to increase over time. However, you also don’t want a situation where your land investing business consumes every minute of your life.
The only way to scale your land investing business is to use systems and strategies.
How do you scale your land investing business?
When you are trying to scale, you have to focus on doing more deals. The more deals that you do, the more money you will make.
However, doing more deals means doing more work. This is where most entrepreneurs fail because if you do not scale your land investing business strategically, you will never be able to achieve real growth.
So, how do you scale your land investing business? David Van shared these top ten tips:
1. Scale your land investing business through automation
You might have an excellent head for numbers and outstanding organizational skills. However, as you start doing multiple deals, you will need the right software to help you keep track of your business. The Land Profit Generator offers a custom-designed CRM that land flippers have designed for land flippers.
2. Use the right tools to scale your land investing business
You can use tools to dramatically reduce the amount of time it takes to perform certain functions while you scale your land investing business.
3. Build a database
One of the most critical assets to scale your land investing business is a database of prospective buyers.
4. Delegation
When you start your land investing business, you will start off doing everything yourself. This will give you the experience needed to master the business. However, as you do more deals, your capacity will limit your growth. Delegating tasks to others will increase your capacity and allow you to focus on the bigger picture in your business.
5. Invest in skills
As you scale your land investing business, you will need to start building a team to help you. It’s important to keep in mind that you will need to invest time and resources into resourcing your people to boost productivity.
6. Follow up
The most successful land investing businesses are always the ones that follow up on every lead.
7. Systematize your follow up
Following up on every query and message that you get can become very time-consuming. Consider automating and outsourcing some of these functions.
8. Double Closing the LPG way
The Land Profit Generator Double Close is the most efficient and scalable business tool in your arsenal as a land investor. You can scale your land investing business even if you do not have access to a large amount of capital with the double close. Attend the upcoming Land Profit Masterclass to find out how you can do multiple land deals without ever having to use your own money.
9. Have a mentor
You can spend months and even years trying to master real estate investing by yourself. However, if you have a mentor or coach, you will be able to compress the time it takes to learn the business. The faster you master the business model the faster and more efficiently you will be able to scale your land investing business.
10. Keep an eye on the bigger picture in your business
As the CEO of your business, you are the captain of the ship. It’s up to you to know where you are and where you are going. Make sure that you spend time planning, analyzing, and visualizing your business.
If you are ready to go from a prospective investor to the CEO of your rapidly scaling land investing business, register for the upcoming Land Profit Masterclass, starting August 9th
