Your Real Estate Training Programs Are Too Expensive
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Read Transcript for “Your Real Estate Training Programs Are Too Expensive”
Let me tell you why it’s worth the expense to get into my program and either get started in investing in real estate or tweak your existing business to maximize your profit.
“Your programs are so expensive. I just can’t justify spending more money on training.”
Joe: Expensive is a relative term. It’s expensive to buy a car, which costs $20,000 to $40,000. It’s expensive to go to college, which costs $100,000 these days if you go to a four year college. It’s expensive to buy a business where you get a cheap franchise like a carpet cleaning franchise which will run you about $20,000 to $30,000.
Joe: If you look at business opportunities, there are very few businesses you can buy for what I charge, so it’s very, very cheap when you look at it that way. When you look at it as, ‘I make $40 or $50 an hour right now. That’s expensive for me – to go out and spend that kind of money on your program is expensive for me. I’m already in debt, my credit cards are maxed out, I’ve got a lot expenses every month and it doesn’t make sense for me to spend this money.”
Joe: Well, that’s something you have to decide on. If you’re not in a position to do it, you should not do it. If you don’t have enough money to feed your kids, to pay your rent and to take care of business, then you shouldn’t be doing this program, because it is expensive. But if you do have enough to do that, and it might mean that you might have to cut back on a few things, i.e. go to a few less movies or buy a few less cigarettes, or whatever it is you have to do to make this happen, then maybe it does make sense for you to spend the money.
Joe: So, expensive is a relative term. I find that the people who need me the least are the most willing to pay for my program. They know that one little tweak to their business can make a huge difference to their income. And for them to spend $10,000 on something like that and see $100,000 or $200,000 or $1,000,000 in return makes a lot of sense to them. And I’m talking one little tweak here or there makes a huge difference to your business.
Joe: But if you’re just getting started, and you’ve never made money in real estate before, it’s more difficult for you because you can’t see the big picture – you can’t see where the money is going, and so it makes it more difficult for you to spend that kind of money to get going.
Joe: I would suggest that you find a teacher that you like, whether it’s me or whether it’s somebody else, and you pay them to help you learn this business. It doesn’t have to be me – there’s a lot of people that teach good programs (I think mine is the best). But find one that you connect with. Find somebody that you like, somebody that you feel that you can trust, and somebody who you know that you can personally speak with.
Joe: I think the most important part of this process and one of the things I’ve been trying to do in my mentor program from the very beginning is that I always have open communication with my mentor students. That’s why I still do my own coaching calls – I get on those calls with those folks and they ask me questions and we talk personally about their business.
Joe: You’re going to hear on those calls about the good things and the bad things that are happening to people, the negative and the positive the deals they’re working on, the tweaks – you’re going to hear all of my suggestions to them on how to make it work better. And I’ll bet there’s a lot of things they ask that other students ask that are going to benefit you that you would never had thought to ask, and they’re going to give you ideas you never would have if they hadn’t been on the call, so there’s a real benefit in making that happen.
Joe: So, is the program expensive? Yes, it’s expensive, but as I said before, it’s a relative thing and you need to make a decision on whether or not it makes sense for you. I hope that helps.