Fear of Success Defined by Jill (LA 1362)
Transcript:
Steven Jack Butala:
Steve and Jill here.
Jill:
Hi.
Steven Jack Butala:
Welcome to the Land Academy show, Entertaining Land Investment Talk. I'm Steven Jack Butala,
Jill:
And I'm Jill Dewitt broadcasting from pretty Park City, Utah.
Steven Jack Butala:
Today, Jill and I talk about fear of success as defined by Jill. And I mentioned it yesterday. We were on a show, a podcast as a guest yesterday.
Jill:
It was Before the Millions with DeRay... I can never pronounce his last name correctly, but it was really interesting.
Steven Jack Butala:
It's all kinds of questions about what was it like before you guys made a go of it, buying and selling land separately and collectively, and I learned a bunch of stuff about Jill. One of the things I learned is that that's how this topic came up. He said, Well, why don't people do this? And Jill said, "Media said fear of success." And then she went on to explain herself and I'm like, "Wow," because we know we never talked about this and it actually makes a lot of sense. So before we get into it, let's take a question posted by one of our members on the landinvestors.com online community. It's free.
Jill:
John wrote, "Hi guys. I sent out my first mailer to my first county about a week and a half ago, 1800 units. Currently waiting for that to start hitting mailboxes so I can see what the response is. I've got another mailer for another county queued up for another 1800 units. Should I send it out this week? Or am I setting myself up to be completely overwhelmed by the responses?" Awesome. Do you want to go on?
Steven Jack Butala:
I can tell you what I think. What you're going to find out when these people start calling back is that the process that you put in place like that intake process for analyzing deals and accepting the ones that are good and rejecting the ones that aren't is flawed because everybody does it differently including myself in all this stuff. First time you try this stuff, it's just a disaster. So I would not send out another mailer. I would wait on this 1800. You're going to hone your skills on buying some property and do the whole thing. And then once you've got like maybe one acquisition or two acquisitions under contract, and you're getting set up to sell them or post them on the internet, that's when I would send the mailer out.
Jill:
There comes a few times a year, we are not exactly on the same page and this might be one of them. I would actually-
Steven Jack Butala:
A few times a week actually. A day sometimes.
Jill:
I was being really nice. Try to be nice. But this is one where I don't know if I would do it. I think if you're brand new, I think 1800 units a week out of the gate, if you're a one man show and you have a full-time job might be a little bit heavy, but if you don't have full-time job and you have all the time in the world, this is not nuts. I would say really I would do every other week because once you start the process going, you're going to get into a groove.
That's just me though. So again, this is all personal preference. Steven's theory is get it all the way through and there's nothing wrong with that concept. Figure out all these little mistakes. You're going to make a lot of mistakes and figure them all out, and then you can dive in at a different way. I'm kind of a, "Let's figure it out as I go," because I don't want you to be in the habit of stopping and starting because that's where some people drop the ball.
Steven Jack Butala:
If you're in the process of trying to find a permanent female, I would highly recommend finding one with Jill's attitude where you're not just fixing stuff as you go because stuff's going to go sideways. If you are looking for a spouse, male or female, who needs to preplan everything out and then all they're going to do is end up being disappointed no matter what happens. You got to find a go with the flow spouse.
Jill: