Where Does This Business Model End (LA 942)
Transcript:
Steven Butala: Steven and Jill here.
Jill DeWit: Hello.
Steven Butala: Welcome to the Land Academy Show, entertaining land investment talk. I'm Steven Butala.
Jill DeWit: And I'm Jill DeWit broadcasting from sunny southern California.
Steven Butala: Today Jill and I talk about this topic, where does this business model end?
Jill DeWit: Oh, I have a road map.
Steven Butala: This topic came from-
Jill DeWit: I made a road map.
Steven Butala: ... a question by Jermaine.
Jill DeWit: Really?
Steven Butala: In the last weekly call, he says, "Has anybody out there ever sell their company?"
Jill DeWit: Oh, exit strategy. Oh yeah.
Steven Butala: "Do you ever build it all up and sell it?"
Jill DeWit: Got it. I forgot about that.
Steven Butala: 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 DeWit: Marcus asks, "What should I be doing while waiting for my first mailer to hit?" It's good.
Steven Butala: So there's two weeks, but once you send a mailer out, it takes two weeks for office owners-
Jill DeWit: Yep, and you're sweating it.
Steven Butala: ... to get it to where they're opening the mail, potential sellers are actually opening the mail in the office, so he's asking.
Jill DeWit: That's kind of funny. "What do I do? What do I do?"
Steven Butala: First of all-
Jill DeWit: I'd start getting ready. Get your systems in order.
Steven Butala: No matter how much you study and no matter what you listen to, how many podcast episodes you listen to or how seriously you take this, around the second week, the middle of the second week, and I swear to God I do this too-
Jill DeWit: Yeah, he does.
Steven Butala: You sit there, you look in the mirror and you say, "This didn't work."
Jill DeWit: Yep, "I failed."
Steven Butala: "I failed."
Jill DeWit: "The phone's not ringing."
Steven Butala: "I must've missed something."
Jill DeWit: He does that, too. It's so funny. You're right.
Steven Butala: Jill laughs every time.
Jill DeWit: Yeah. I'm like, "Sit tight."
Steven Butala: To this day.
Jill DeWit: "How many times do I have to tell you? You did it right. I promise," and then another week goes by and we're overwhelmed.
Steven Butala: We're buying dirt.
Jill DeWit: Yeah, and he's like, "Oh sorry, yeah, I guess I overreacted there, didn't I?" Yeah, you kind of did.
Steven Butala: Everybody wants something to just smack them in the face and for it to be great and easy. That's how we all want our lives to go.
Jill DeWit: Exactly.
Steven Butala: This is easy and great and profitable.
Jill DeWit: "I don't have to do any work." That's right. All right, so let's go ahead. We'll talk more about what we think I kind of did, but some of our members put in some replies, so I'm gonna read some of the responses.
Jill DeWit: Robert replied: "Congrats on your first mailer. That's a big step and I totally understand the feeling you're having right now. Sure,