Learning How to Run a Business (LA 1853)
Transcript:
Steven Jack Butala:
Steven and Jill here.
Jill DeWit:
Hello.
Steven Jack Butala:
Welcome to the Land Academy Show. Entertaining land investment talk. I'm Steven Jack Butala.
Jill DeWit:
And I'm Jill DeWit broadcasting from the valley of the cheese.
Steven Jack Butala:
We're in Wisconsin today.
Jill DeWit:
Yes we are. You know what? And I'm looking for that chocolate cheese. I've had it. I know of it. I don't know where to find it but I'm on a mission.
Steven Jack Butala:
If anybody knows where to get the chocolate cheese, we'll be here for a while. Please let us know or staff know or put it in there.
Jill DeWit:
Yeah.
Steven Jack Butala:
YouTube or anyway, you can get to us.
Jill DeWit:
Yeah. Please tell me the home of the chocolate cheese. Because it's so good.
Steven Jack Butala:
Today Jill and I are going to talk about learning how to run a business. As I said yesterday, an integral part of what we do here. It takes up at least 50% of the time of what we talk about during career path. From people who have been running businesses their entire professional life. And people who are brand new. I always learn something new and make those changes based on what goes on in career path. So there's a lot of career path talk right now because we're starting to back up. The next session is in October and we just had the career path alumni call, which we have once every-
Jill DeWit:
Month.
Steven Jack Butala:
Once every month. Before we get into it, let's take a question posted by one of our members on the land investors.com online community. It's free. And I hope you know by now we have a full blown printing company to send your offers to owners.com. It's called offers to owners. The number two, we send out between 500,008 or 900,000 mailers a month on behalf of members and non land academy members.
Jill DeWit:
And ourselves.
Steven Jack Butala:
Yeah. And they do our mail.
Jill DeWit:
Yeah.
Steven Jack Butala:
Completely born out of our frustration, Jill and I of having to deal with commercial printing companies that didn't understand mail urges or what we're doing or how we're doing this.
Jill DeWit:
Our urgency, or why we're doing it.
Steven Jack Butala:
Trying to sell us color printing. When we know we don't need it.
Jill DeWit:
Stuff like that.
Steven Jack Butala:
Things like that.
Jill DeWit:
Exactly. Matt wrote, “Hello, all I'm closing on my first piece of land and selling it retail value. Looking for advice on the best way to go about selling it. Should I get a real estate agent? Is there an inspection process I should go through before buying it? Soil test. See if something's available? Where is the best place to list it on the MLS?” Is that more of the question there? Okay, “So I'm buying it for $7,000 and I think it's going to retail between 25 and $30,000. I often use flat fee listing companies when selling houses because I haven't sold land yet. So I was considering an agent as I'm not exactly sure what information I need to market it appropriately.” You want me to go first?
Steven Jack Butala:
Sure.
Jill DeWit:
Okay. So yeah, if you are not sure and you've not experienced with this then I think getting an agent is stellar.
Steven Jack Butala:
Me too.
Jill DeWit:
You can do flat rate MLS postings, just like you did in the past. There's companies like... Can't think of the one that we used to use out there. But now I use Broker Direct, MLS.com. Because they cover all over the country and they're a great service to help you put it up there. So the great thing about those companies, if you do flat rate listing service, you're going through a title or going through a real estate agent, I should say, but they're not taking a commission. You're just paying them a fee to use them to get on the MLS. They're going to send you the forms you fill them out. They're going to say how many pictures you want? What order you want?