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Key Strategies for Effective Door Knocking

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Manage episode 438808889 series 3458497
Content provided by Pace Morby. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Pace Morby or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

Welcome to a new episode of Get Creative! In today’s session, we’re joined by Michael Franke, a seasoned pro in handling pre-foreclosure real estate deals. We'll explore the critical Key Performance Indicators (KPIs) essential for success when door knocking. Michael shares his insights and experiences, breaking down the numbers you need to know, from how many doors to knock to what it really takes to close a deal. This episode is a must-listen for anyone looking to master the art of real estate deals through direct engagement.

Highlights:

"KPIs, Key Performance Indicators, it's the different metrics in your business that you really need to track to make sure you're hitting your target."

"For every 100 doors knocked, expect to engage in 20 to 30 conversations."

"You should plan to knock on 100 doors at least before you complain about not getting a deal."

"From 100 doors, expect to convert about 25% of your conversations into appointments."

Timestamps:

0:00 - KPIs and Key Performance Indicators in Door Knocking

1:20 - Expectations for New Door Knockers

2:15 - Follow-Up and Multiple Attempts

4:29 - Converting Conversations to Appointments

7:31 - Long-Term Follow-Up and Additional Deals

8:24 - Average Assignment Fee and Profit

10:09 - Challenges and Escrow Issues

11:31 - Final KPIs and Encouragement

► Join The Subto Community & Learn Creative Finance Directly from Pace:

https://paceapproves.com/subto-gc

► Want to Become a Private Money Lender? Join Us For The Upcoming LIVE Training this Saturday to Learn How to Lend Money on Real Estate Deals:

http://joingatortribe.com/yt

► Join Our Free Facebook Group to Connect with Pace and his Students: https://paceapproves.com/freefb-yt

► Become a Top Tier Transaction Coordinator and Make Money Doing The Paperwork For Real Estate Transactions:

https://paceapproves.com/tttc-gc

► Listen To Pace and His Students Share Insider Secrets To Real Estate Investor Success:

https://getcreativepodcast.com/

PLUG IN & SUBSCRIBE

Instagram: https://www.instagram.com/pacemorby/

TikTok: https://www.tiktok.com/@pacemorby

  continue reading

393 episodes

Artwork
iconShare
 
Manage episode 438808889 series 3458497
Content provided by Pace Morby. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Pace Morby or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

Welcome to a new episode of Get Creative! In today’s session, we’re joined by Michael Franke, a seasoned pro in handling pre-foreclosure real estate deals. We'll explore the critical Key Performance Indicators (KPIs) essential for success when door knocking. Michael shares his insights and experiences, breaking down the numbers you need to know, from how many doors to knock to what it really takes to close a deal. This episode is a must-listen for anyone looking to master the art of real estate deals through direct engagement.

Highlights:

"KPIs, Key Performance Indicators, it's the different metrics in your business that you really need to track to make sure you're hitting your target."

"For every 100 doors knocked, expect to engage in 20 to 30 conversations."

"You should plan to knock on 100 doors at least before you complain about not getting a deal."

"From 100 doors, expect to convert about 25% of your conversations into appointments."

Timestamps:

0:00 - KPIs and Key Performance Indicators in Door Knocking

1:20 - Expectations for New Door Knockers

2:15 - Follow-Up and Multiple Attempts

4:29 - Converting Conversations to Appointments

7:31 - Long-Term Follow-Up and Additional Deals

8:24 - Average Assignment Fee and Profit

10:09 - Challenges and Escrow Issues

11:31 - Final KPIs and Encouragement

► Join The Subto Community & Learn Creative Finance Directly from Pace:

https://paceapproves.com/subto-gc

► Want to Become a Private Money Lender? Join Us For The Upcoming LIVE Training this Saturday to Learn How to Lend Money on Real Estate Deals:

http://joingatortribe.com/yt

► Join Our Free Facebook Group to Connect with Pace and his Students: https://paceapproves.com/freefb-yt

► Become a Top Tier Transaction Coordinator and Make Money Doing The Paperwork For Real Estate Transactions:

https://paceapproves.com/tttc-gc

► Listen To Pace and His Students Share Insider Secrets To Real Estate Investor Success:

https://getcreativepodcast.com/

PLUG IN & SUBSCRIBE

Instagram: https://www.instagram.com/pacemorby/

TikTok: https://www.tiktok.com/@pacemorby

  continue reading

393 episodes

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