Go big with your wholesale business strategy [Franchising]

Are you thinking big enough with your wholesale business strategy?

Real estate investors are constantly told to “think big.” For some, simply making the leap into real estate investing and taking home their first $20,000 paycheck is bigger than they ever dreamed. But is it really monumentally big? Are you really using your full potential?

What are your current goals for your wholesale business? Is $1 million your magic number? How about scaling up to selling 10 houses a month or maybe 30 a month and pocketing tens of millions of dollars a year?

Is that as big as you can get, and if you’ve set big goals like this for your wholesale business, does your strategy support it? Have you planned the steps to get there? How are you going to scale and manage an operation of that size and enjoy all the free time you’ve been dreaming of?

Now consider the advantages of franchising as a central part of your wholesale business growth strategy…

Few even think about it. However, he has helped many innovative companies in many diverse industries create multi-million dollar passive income streams with a compact team. Franchising means no limits, no time or resource restrictions, and the potential for hundreds of people to renovate hundreds of homes for you each year.

Some of the initial franchise fees charged by other real estate related businesses are absolutely obscene. Then there are the ongoing royalties that come in year after year. Do not forget the immense value that can later grow in your brand. This can be many millions or more that are added to your wealth automatically and are fed by taking advantage of others, not the number of hours you can put in.

Then there are the great secondary benefits ranging from additional visibility to benefiting from significant discounts. Think massive discounts on everything your wholesale business needs due to the high volume of business you handle. This can save you money on everything from marketing and leads to appraisals, titles, and loans.

So what do you need to include this in your wholesale strategy and take your business to a whole new level you never dreamed possible?

It definitely requires planning and work on your overall business plan. It requires taking the time to do a bit of market research to see what the competition is, if any, and how it will fit into the market, defining the opportunity and pitch material, and polishing your brand. Of course, legal assistance to create the necessary franchise agreements and some experienced support staff is not a bad decision either.

So will you dare to dream this big or do you have a better plan?