Managing a business can be likened to parenting a child. It must be nurtured and given opportunities to develop and grow. However, growth does not come easily. Startups, like first-time parents, go through a trial and error phase where you have absolutely no idea what you’re doing at first! You read every self-help book you can get your hands on just to get a sense of what to do. Even so, there will be times when you will feel the need for someone more experienced to help you navigate the way. This is where a business mentor can help.
The following points are taken from the 22nd episode of the Real Estate JAM, where firefighter turned real estate expert Christian Marin shares various strategies for scaling your business, hiring the right people, and getting proper guidance in your real estate career. Check out the entire episode on YouTube, Spotify, or Apple Podcasts to get the complete experience!
Free Information vs. Paid Mentorship
It’s true that you can learn almost anything for free these days, thanks to YouTube, podcasts, and other social media platforms. So, why should you spend money on something that you can get for free? That’s a good question.
There is certainly a wealth of free information available on the internet that you can access whenever you want. But, just like self-help parenting books and videos, everything is hypothetical unless you have first-hand experience. And when you can’t afford to waste too much time acquiring experience and going through a series of trials and errors, that’s when you should think about hiring a good business mentor.
The Advantages of Having a Business Mentor
Christian Marin discusses the benefits of having competent mentors and investing in paid mentorship when he first started out in an industry that is far from the career that he previously had for more than a decade.
- Reduced learning curve – Instead of taking two years to learn how to do house flipping or wholesaling, a real estate mentor can help shorten the learning curve and even save you from making costly mistakes that could jeopardize your entire business.
- No information overload – With an easily accessible pool of knowledge comes the risk of becoming overwhelmed with information, to the point where, instead of learning, you end up more confused than ever. A mentor can help you cut through the clutter and put the puzzle pieces together.
- Allows you to ask questions – The most important advantage and distinction of having a proper mentor is having someone to ask questions to. It is a two-way street. You will be able to ask pertinent questions and receive tailored answers for your business. That is not something you can get from watching videos on YouTube.
- Provides a confidence boost –Knowing that someone has gone through what you are going through and learning how they got to where they are now is a great motivator to keep doing what you are doing.
- Opens more doors – A mentor can assist you in making connections with people who can support you in expanding your business. The more people you network with, the more opportunities you’ll have to learn and improve.
Want to learn more from Christian Marin? You can listen to the full episode on YouTube, Spotify, or Apple Podcasts.
Outline of the Episode:
- [01:53] How the crash of 2008 pushed a firefighter to become a real estate agent.
- [03:07] Why did it take Christian two years to get his first deal?
- [04:42] From Craigslist and bandit signs to earning $110,000 from commissions in just a year!
- [06:52] Starting a business solely through direct mail. How did he pull it off?
- [08:10] Reinvesting your profits and prioritizing marketing as a means of scaling your business.
- [09:28] The importance of hiring the right people. It can make or break your business!
- [11:04] Learning from past mistakes and rebuilding your team and business.
- [13:13] The advantages of investing in yourself and getting a real estate mentor.
- [14:57] Direct mail vs. cold calling – Which is the better option?
- [16:49] The value in paid mentorship and in joining mastermind groups.
You can find Christian Marin on:
- Website: https://www.capitalrepros.com
- LinkedIn: https://www.linkedin.com/in/christian-marin-b7b22861/
- Facebook: https://www.facebook.com/capitalrepros/
Connect with JD, Annabel, and Melissa!
Recent Comments