Blog Social Network Marketing: Home Based Opportunity

Here is another great article written by Mario

Everywhere I go I hear the same conversation and that is real estate agents, loan officers, and closers talking about what their plans are to bounce back from the devastating collapse of the real estate and mortgage market. I wanted to know where all of these highly skilled professionals are going to create, once again, their six figure incomes that they learned to enjoy.

The biggest common denominator of the people who will come back strong/stronger is their attitude. Its not the situation but more importantly how you react to it. Although I have seen some pretty upset people I would say the majority are looking at things as an opportunity.

What options are there?
-go back to school
-employment
-outside sales rep
-self run small business
-network marketing business
-franchise
-put together a business plan to begin raising capital
-invest
I believe for the first time people are realizing that there is no such thing as security. People are now thinking a little bigger because they know what they really want. The reality is that a lot of these professionals did well financially but put in every waking hour to make it happen. People want the money but the time freedom to enjoy it as well. How is this actually obtainable? The answer is business systems.

Its time that we understand that being self-employed is really just glorified employment because we are only getting paid on what we do. There are only so many hours in a day making your income limited.

Sit down today and really decide what’s important to you. Time, money, freedom, FUN. Fun and excitement being the most forgot about. After you figure out the specifics its going to be easier to decide the direction you want to take.

I’m going to suggest a couple options above depending on your personality, goals, and finances.

Look for options that give you the ability to leverage yourself.

If you have accumulated a good amount of money over the past few years than it wouldn’t be a bad idea to get with some experienced individuals and start making some investments. The great thing about this option is the fact that you are letting your money work for you and is good for a low people/high freedom situation. I am not a financial advisor so I
will suggest you get with someone with experience, a strong personal portfolio, and clientele that you want to be like. If they are use to advising people on that level, how do you think they will advise you… On that level. The reason I say make sure they have a strong personal portfolio is because its easy to give advice from a book or company training courses but being active gives them the real life experience and a little skin in the game. Think outside the box and do your due diligence in learning what you are investing in. There are so many different kinds of investments outside the basics of public stock and bonds. Your advisor is there to guide, but you need to be knowledgeable in what you are doing. Your knowledge will give you confidence to take bigger risks which can potentially bring stronger returns. You are still able to go and do things that you enjoy doing even if that means going and getting a job or starting a side business but you will have the peace of mind knowing you do it because you want to, not because you have to.

Network marketing may be one of the most overlooked ways to build a business system due to people’s lack of understanding. With the right company, product, compensation plan, and leadership, this might be the best one. I look at the home based business/network marketing/mlm industry as the last hope for the little guy. Why? Generally a small investment compared to traditional business startups. If run like a business they can be highly profitable in a reasonably short period of time. They give you the flexibility to work when you want. Liability is limited because the corporate company handles the majority of it. The system is already in place. Most importantly leverage. You are able to duplicate your efforts quickly without opening up brick and mortar stores. I look at network marketing as a very simplified version of franchising. I personally started my business career in network marketing at the age of 18. I never went to college, and most would tell me that I could never get ahead with out a degree. But the amount that I learned as well as the high profits I made I would suggest everyone consider this option. There is a high level of rejection so it’s not for the faint but as long as you understand that its a numbers game just like any other business, you will do well. As icing on the cake it has the fun and excitement factor that most people wish they had. I still to this day run a successful network marketing business.

Starting a business from the ground up is also a good option. You have to have the money to sustain yourself for the period of time it will take to get your business off the ground. Start with a great idea and then formalizing it with a strong business plan. When putting together your plan make sure that the entire business is not revolving around your personal efforts. You are in essence designing a machine that can run on its own after being launched. The biggest mistake people make is they get going without the capital to do what the system is supposed to do. If the system can’t do what’s needed then you will not get results to match you projections in your plan. Make sure you have access to or the ability to raise the funds. This is going to be the highest risk and the longest time to begin making substantial amounts of money.

No matter what option people choose to run with I would encourage them to think big and go for the gusto. Don’t make decisions based on hype but on facts. We are still in the land of opportunity but you have to be willing to do something different and be creative to enjoy the benefits big opportunities.

Mario Dattilo
mario@jmgcompanies.biz

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Minnesota Short Sale Homes

Ron did a longer more detailed article at this link for minnesota short sale homes

This article was written by Mario, a mn short sale process specialist….

I always submit the package to both 1st & 2nd simotaniously to get the

ball rolling on both because they are slow. I sometimes will have the

Estimated Hud1 going to the 1st say that they are going to pay the 2nd

2000-2500 knowing that the chances of them doing so is small and i send

the 2nd one saying they are getting 500 or 1000. Y would i do this?

Because it gives me room to negotiate and let both sides feel like they

got a deal. The 1st will normally says they will not do more then 1000 to

the 2nd and the second will say they will not accept less then

1000-2000 to release their lien. If i can get the 1st to pay even 1500 it will

make the 2nd jump a lot faster because they normally are stuck with

1000 and the first feels like they negotiated down on the amount they

were paying. one thing to always remember is that the 2nd is pretty much

forced to play along if the 1st is taking a discounted payoff. Once the

1st has shown they are taking a hit, you are simply convincing the 2nd

that they need to take the 1k-2k payoff. The trick with short sales is

all in the BPO. If you can get the BPO value down low enough you are

golden. Even if the 2nd puts up a fight because their bpo came in higher,

you can try to convince them to let you order a 2nd opinion on the

property (this works best if you are adiment about the bpo agent being

crazy and way off on his numbers. believe it or not if you keep pushing

they will usually break and put the bpo into review or allow the 2nd

opinion) and in some cases you can even get the 1st to send over a copy of

their BPO or appraisal even though they are not supposed to. when the

2nd sees what the 1st is going by… usually they break. 1 trick that

normally gets the 1st to give you their bpo value (crucial when

negotiating with the 1st) is to act like you already know what it is. Call and

talk to the account rep a few days after they recieve it (they dont

remember what they already did and didnt tell you because you are 1 in 300

files) and say this word for word in normal conversation about the bpo

coming back “yeah well, now that the bpo came back at …… (has to be

lower then you think it really came in at/make sure it is lower then

what you are shooting for) what else do you need from me to get this

approved” like they already told you and I will bet you money that they

will come back and say “no…. it didnt” then you say “that’s weird,

thats not what i was told, are you sure?” say it with conviction and they

will say.. “let me see something” they will say “looks like it came back

at ….” and bam you know what you are working with. they can usually

play within 10-15% of that value depending on the lender. at least you

know you are in the ball park. Bring that value back to the 2nd and rub

it in their face that they have no chance getting more then what the

1st agreed to because the 1st sees the house valued much lower then what

they are owed. The more confident you talk to these people

(respectfully of course) the more they will take you seriously. When i first

started i thought that policies were stiff and the mitigator couldnt get

things pushed through but you would be suprised what a little pressure and

posture will do to a tough deal. This business takes a little hustle

but when you get it down, life gets a little easier and deals are more

predictable (faster too). Hope this mini book helps you.