Do you value your time?

Do you truly value your time? The answer to this question could make or break your real estate investing business.

Often when I am giving a presentation to fellow real estate investors, I will ask the crowd -

"Who here is investing in real estate part time?"

Typically about 80% or more of the room will raise their hands. That 80% of the room usually has a 9 to 5 type of day job Monday through Friday. Sound familiar?

I then ask - "How many hours a day and how many days a week would you say you are able to spend on your investing business?"

I have found that the average answer is 2 hours a day and 5 days a week (and for many this is quite a stretch).

Let's do the math - 2 hours per day, 5 days per week is approximately 40 hours per month.

As I step through this with the crowd, you can usually see jaws drop as folks begin to realize that they are really making about 1 work week worth of progress, or less, on their investing business in a month! At that rate, it takes about 4 months to get a month of work done! That's a third of a year!

I don't point this out to say that deals cannot be found and made in this amount of time. They most certainly can, and there are examples of this time and time again. What I am saying is that with that 40 hours per month, it is imperative that you choose to spend your time wisely.

How do you spend your 10 hours per week?

What if I told you that there is a way to get as much or more done in 10 hours than your competitors get done in 40?

If you're not already, it's time that you harness the the power of technology and the Internet to automate your business. You may already be thinking to yourself, "I'm using the Internet and technology and things are going well." If that's the case, then great! However, no matter how much you are currently using technology, there are always new and more ways it can be used to make your business more efficient. Our business is specializing in technology and we'll be the first to tell you that we learn new ways to incorporate technology and the Internet into our business every single day.

How are you finding your leads? How much time do you spend finding them?

How are you tracking your leads? How much time do you spend looking up and evaluating them?

How do you know when to follow-up on your leads?

When sellers call you, who's answering the phone? I hope they're not going to your cell phone or home phone voice mail!

Efficiency in business is critical.

This leads me back to the original question of this article - Do you truly value your time? And if you do, what are you doing to ensure your time isn't being wasted?

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http://www.thewebhoncho.com/mRealEstateMarketing.aspx

How are you spending your time? How much is your time worth? We'd love to hear from you.