The new year is a time for reflection and setting resolutions. If you’re a real estate investor, it’s time to consider what you want to achieve in the coming year.
Are you looking to increase your income? Make more deals? Learn new techniques? Whatever your goals may be, we’ve got some tips for you on how to reach them!
In this blog post, we’ll discuss 23 New Year resolutions for real estate investors. We’ll also provide advice on how to set realistic goals and achieve them in the coming year. Let’s get started!
First and foremost, take some time to reflect on your past year. What did you do well? What could you have done better? This reflection will help you set goals for the coming year. Once you’ve taken the time to reflect, it’s time to start setting goals. But not just any goals – SMART goals. SMART stands for specific, measurable, attainable, relevant, and time-bound.
For example, a goal like “I want to close more deals” is not specific. But a goal like “I want to close five deals per month” is. It’s also measurable (you can track how many deals you close each month), attainable (five deals per month is a realistic goal), relevant (this goal will help you grow your business), and time-bound (it has a timeframe of one year). By setting SMART goals, you’ll increase your chances of achieving them.
Now that you know how to set SMART goals, let’s take a look at our list of 23 resolutions you may want to consider for the new year:
You’ve got to spend money to make money. And if you want to close more deals, you need to market your business. This means that you might need to increase your marketing budget for 2023 to get more high-quality seller leads and close more deals.
We recommend direct mail if you’re looking for one of the most effective marketing strategies on the block. Direct mail consistently outperforms other digital advertising channels and is a great way to find motivated sellers. If you’d like to learn more about how we can help you with your direct mail campaigns, schedule a call with one of our marketing advisors.
Staying organized is key to any business. This includes keeping track of your leads, properties, finances, and appointments. There are many ways to stay organized, such as using a CRM, employing a virtual assistant, or all of the above.
More leads = more deals. It’s as simple as that. There are many ways to generate leads, such as door-knocking, direct mail, online marketing, and networking. Pick a few methods that work well for you and track your results to ensure you’re generating enough new leads consistently to achieve your goals.
Many real estate investors start their businesses without a marketing plan in place. If you’re one of them, creating a marketing plan late is better than never. A marketing plan is a great way to stay organized and focused on your marketing efforts. It will help you track progress, set goals, and measure results.
They say that behind every successful business owner, there’s a coach or mentor who helped them get there. A coach or mentor can help you take your business to the next level. They will provide guidance, support, and accountability. If you’re serious about growing your business, hiring a coach or mentor is a great way to do it.
Mastermind groups are beneficial in that they bring together people who share similar business interests on a regular basis to discuss business, offer support to one another, and hold each other accountable. These groups are fantastic for expanding one’s network and acquiring more advanced expertise.
REIA stands for Real Estate Investor Association. Getting involved in your local REIA is a great way to network with other investors, learn about new deals, and stay up-to-date on the latest industry news.
Real estate events are another great way to meet other investors, learn about new deals, and stay up-to-date on the latest industry news. Events can be anything from local REIA meetings to national real estate conventions.
Procrastination is the enemy of progress. You need to stop procrastinating and start taking action to achieve your goals. Set a goal to take action on at least one thing daily that helps you make progress. That might include making calls, door-knocking, sending direct mail, or a host of other essential business tasks. And then follow through with it!
Consistency is key to any business. You need to be consistent with your marketing, follow-up, and lead generation efforts if you want to see results. The best way to be consistent is to create systems and routines you can follow daily.
To grow your business, you must learn to delegate some of the tasks and responsibilities beneath your pay grade as an owner. If you have business-related tasks that you don’t enjoy doing or are inconsistent with because of time, consider delegating them to an employee or a service provider who can take them off your plate.
For example, at REIComplete, our members delegate their marketing, follow-up, and lead generation tasks to us so they can focus on the tasks they love, like negotiating with sellers and closing deals.
We’d love to help you take your business to new heights in the new year. Book a discovery call with us to learn more about how REIComplete can change your business.
It’s better to have a few high-quality leads than a ton of low-quality leads. When generating leads, ensure you’re focusing on quality over quantity. This means that you should use the most effective marketing strategies, even if they cost a little more than others, to target high-quality motivated seller leads.
We mentioned this earlier, but one of the biggest mistakes business owners make is setting unrealistic goals. If your goals are too high, you’re setting yourself up for disappointment. Instead, focus on setting realistic goals that you can achieve. Then, once you achieve those goals, set your sights a little higher.
One of the benefits of being a real estate investor is that you have the freedom to take time off when you want to. This is especially true for investors who are smart enough to delegate their busy work, so they’re not stuck chained to their office seven days a week. If you’re not taking advantage of the freedom that being your own boss should provide, then you’re missing out. This year be sure to take some time off to relax and recharge. You’ll be surprised how much it helps your business.
If you’re ready to achieve more freedom in your real estate investing business in 2023, our team at REIComplete can help. You can learn more about us here.
If you want to grow your business, you need to invest in yourself. This means taking the time to learn new things, whether it’s through books, courses, podcasts, or mentorship. When you invest in yourself, you’re investing in your business.
A virtual assistant (VA) can be a lifesaver for any business owner. For example, our VA’s here at REIComplete help our members with appointment scheduling, following up with leads, answering calls, researching comparable properties, marketing, and even lead generation. If you’re not already using a VA to help grow your business, now is the time to start.
If you want to see different results, you need to start taking some risks. If you’re not getting the results you want in your business, it might be time to start doing things that make you uncomfortable. This could mean anything from trying new marketing strategies to reaching out to new people. All of the magic happens just outside of your comfort zone.
Your wake-up routine can set the tone for your entire day. If you want to be productive and get the most out of your day, it’s essential to have a solid wake-up routine in place. This could include things like exercise, meditation, journaling, or reading. Find what works best for you and ensure you’re doing it every morning.
When you’re healthy, you have the energy and focus you need to get things done. To be productive and successful, you must take care of your health. This means eating right, exercising, and getting enough sleep.
One of the best ways to be productive is to set a daily schedule and stick to it. This doesn’t mean that you can’t be flexible, but having a general idea of how you want your day to go will help you get more done.
It’s important to remember that your business is not your entire life. Yes, growing your business is important, but you also need to make time for the people who matter most to you. This year, make a point to spend more time with your family and friends.
In business (and in life), things will always be out of your control. The important thing is not to stress about the things you can’t control and instead focus on what you can.
Last but not least, don’t forget to have fun! This is your business, and you should enjoy the ride. There will be ups and downs, but as long as you’re enjoying what you’re doing, that’s all that matters. Make a point to have fun in 2023 and enjoy the ride!
What are your goals for your real estate business in 2023? Share them with us in the comments below!
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