September 17, 2012 · Leave a Comment
Want to explode the growth of your real estate investing business?
You don’t have to sell yourself short to do it and it doesn’t have to rely on expanding volume to ridiculous levels. Through branding and resourcefulness you can dramatically increase your real estate investing profits even though others may be worried about shrinking market share…
Great quality will always be in demand and demand a worthy price tag. This applies equally to great properties in luxury communities as well as real estate brands.
Focusing on building a better quality brand can make a ton of difference when it comes to being able to attract the most money to invest and can easily make the difference in thousands of dollars a deal. This is why some investors struggle to find funding and pay ridiculous rates for what they can get and others get sought out to be given millions and can charge 5 figures just for helping other investors find properties.
Look at designer Rebecca Minkoff who grew her business an incredible 498% in 3 years of the toughest economic times we’ve seen and this company only ranked No. 706 on the Inc. 5000.
Resourcefulness makes all the difference in your bottom line and growth. For real estate investing businesses this means finding new ways to leverage others’ resources, collaborating to make your own resources go further and finding new angles and opportunities to spur growth.
Current moves by electronics retailer Best Buy are a great example of this. While scaling back on its big stores Best Buy is actually surging into the mobile device market with up to 800 new Best Buy Mobile stores opening. This mean becoming more agile and increasing margins on each store but has really only been made possible due to grabbing up so much discounted real estate recently. At the same time the chain has reached out to local pizza joints and banks to cross-promote. Compare this with RadioShack which is a stagnant outdated brand at best and has been suffering a reputation as one of the worst employers out there.