Jul 29 / James

Using Odesk to Hire Employees

Jump start your real estate business with our FREE Download Bundle of audio training for bird dogs, wholesalers, real estate investors and real estate entrepreneurs. $110.94 FREE DOWNLOAD
Or, become an Inner Circle Member and get much more...

In this Thursday episode of The James Orr Show you will find:

  • First, James reminds live listeners that next week The James Orr Show will change times from 10-11 AM to 8-9 AM. Also, James reveals his outline for the “restart” of the show after the fiftieth episode.
  • James also reminds listeners that you may find the previous episodes of the show on the Learn To Be Rich website, or, on iTunes available as a podcast.
  • The last reminder is that this is the last time you will be able to join the Private Money Mastermind Group at the cheap price!
  • After the reminders, James answers a couple listener questions then reveals the new Affirmation for the Day. James also explains why the affirmation is important, as well as what to do if you are caught in the situation the affirmation refers.
  • James also has a few announcements about the show and about miscellaneous things.
  • Then, James discusses the two most costly events in most peoples lives: moving and divorce.
  • In addition, James explains Odesk, a service which allows you to hire people all over the world. He also talks about how he is going to use Odesk in his business.
  • To wrap up the show he reminds everyone once more about the Private Money Mastermind Group, and ends the show.

This show is now available as a digital download: The James Orr Show – Episode 2010-07-29 or get access to all future live episodes, consulting during the calls and many of the previously recorded episodes as an Inner Circle Member.

Inner Circle Membership - Daily, Live Training for Bird Dogs, Wholesalers, Real Estate Investors and Real Estate Entrepreneurs with Q&A and consulting and more.

Jul 21 / James Orr

Creative Financing to Buy Homes

Jump start your real estate business with our FREE Download Bundle of audio training for bird dogs, wholesalers, real estate investors and real estate entrepreneurs. $110.94 FREE DOWNLOAD
Or, become an Inner Circle Member and get much more...

You will find the following in yesterday’s show:

  • First, James talks a little bit about what was on Monday’s episode, and reminds everyone to download it on the Learn To Be Rich Website. He also reminds listeners that the previous fifty episodes can be found on iTunes as a podcast.
  • For new listeners, James suggests they look into the new real estate entrepreneurs resources, which include many articles, videos, and free downloads on starting your wholesaling business.
  • After the reminders, James answers a question about posting ads on craigslist. In the question, James goes over reasons for ads being deleted, and discusses why some ads may be ghosted.
  • Next, James goes over a new Affirmation for the Day. Want to know what the new affirmation is about? Listen to the show to find out.
  • Following the short explanation of the affirmation, James begins to discuss creative deal structuring and goes over a fake example in which the seller owes almost as much as the property is worth. James talks a lot about ways to structure these deals, such as lease options.
  • James also goes over the definition of “subject to”, as well as ways to do subject to deals. He also goes over a few examples of deals using subject to.
  • After James’ discussions on lease options and subject to, James answers a few questions.
  • To end the show, James reminds everyone to join the Private Money Mastermind Group before the price goes up in August.

This show is now available as a digital download: The James Orr Show – Episode 2010-07-20 or get access to all future live episodes, consulting during the calls and many of the previously recorded episodes as an Inner Circle Member.

Inner Circle Membership - Daily, Live Training for Bird Dogs, Wholesalers, Real Estate Investors and Real Estate Entrepreneurs with Q&A and consulting and more.

Mar 16 / James Orr

Tips For Posting Employment Ads On CraigsList

We're hiring! Join the LearnToBeRich.com team as a Sales Professional or Sales Manager today. Part time and full time.

I was recently asked by our new Sales Manager about tips for posting employment ads on CraigsList to hire a Sales Professional for our business. Having run a national real estate investing business that was constantly looking for real estate agents, mortgage brokers and other professionals to work with and having posted quite a few ads on CraigsList looking for those professionals, I thought I would share with you some of what my experience has been.

What about posting frequency?

First of all, to share with folks that are new to CraigsList and to remind those that are already familiar: it is extremely important to be listed near the top of the results page so you need to relist your ad as frequently as allowed by CraigsList’s terms of service.

What to include in the ad?

Next, here are some tips about what to post in the ad: first of all, having ads that have website addresses, in my experience, will tend to decrease your response rate. Exceptions abound with that generalization though as having a link to a large, publicly traded company could actually improve response rates. For most small business owners running ads to hire for a sales professional will likely be better served by running their ad with minimal information about the company name.

There was a time when I included my telephone number in employment ads, but I have since stopped doing that for a number of reasons including people calling without actually reading about the job and I’d spend time repeating what we included in the description. Removing my telephone number, actually increased response by email.

Once you get in touch via email, immediately try to get them on the phone (especially if they are going to be doing telephone sales). Build your relationship on the phone at that point.

How about the compensation?

Should you include how much the job pays? How much about the job compensation should you include? Well, here are some generalizations: for sales positions, if it includes a base salary (which our jobs typically do not), you will tend to increase response by including that. You may find that you get a larger number and a different type of person replying to those ads: someone looking for any job that has a salary and not serious sales professionals. If your sales job has some type of variable pay schedule like a commission only position, I would prefer being careful not to over-promise. Over-promising on pay will boost response, but at a huge cost in reputation and very likely a huge cost in keeping great people around long term.

What type of response might you expect?

In a mid-sized city (approximately 100K population like my city of Fort Collins) from posting a single ad in the sales section you might get one response each time you post the ad. Sometimes you won’t get any responses. In very rare cases you might get two responses. You will not be overwhelmed with responses posting an ad for that type of ad.

With a smaller response, we can and should really focus on really connecting with candidates that you’d actually want to work with to show them they are part of a small team that really is committed to helping them succeed.

Conclusion

To summarize, when posting ads for hiring a sales professional on CraigsList, I recommend shying toward the side of under-promising to keep a reasonable chance of keeping people after they inquire. I would not include a website address or a phone number in my ad for most cases. I’d be more likely to include a phone number than a website address though. However, I would want to get on the phone with a candidate that looks promising as soon as possible to start building a relationship. I’d also keep reminding myself to have patience… getting one or two responses per post is reasonable in most cases.

Until my next post,

James

Inner Circle Membership - Daily, Live Training for Bird Dogs, Wholesalers, Real Estate Investors and Real Estate Entrepreneurs with Q&A and consulting and more.

Mar 15 / Sarah

Craigslist for Handyman Businesses

Click to download FREE 101 minute training "How To Market Your Handyman Business". $24.99 FREE DOWNLOAD

Alright, so let’s talk about Craigslist and how you might, as a handyman business owner, want to use it to market your business. What do you want to post on Craigslist? By the way I have a lot of experience with posting on Craigslist. I don’t do a lot of posting on it anymore, but it’s highly effective and I would recommend for promoting your local business. So what do you want to post on Craigslist? Well as a handyman, you definitely want to promote your particular handyman service. So there’s a section on there for promoting services. And you want to do your ad that’s very specific, a very specific offer for something, not just “Joe’s Handyman Service.” So you want to talk about the special offer for finishing a basement, or finishing a kitchen, or doing flooring, or preparing a house for rental. And you can vary up your ads, you know, you run one ad one day. And couple of days later, maybe you’ll change up your ad, run something different, and change up your ad and run something different. Find out which one’s working best for you by measuring your response, whether that’s by using a 24-hour recorded information line with a separate extension for each. And by the way, you can repeat the message, you don’t want to keep recording the message over again. You just copy the message from one extension to another, but you use a different extension just for tracking purposes. Or of course, you can record the message if you want to specifically address how they got there, and say “Hey thanks for coming, thanks for inquiring about my ad on Craigslist about refinishing your basement. We’ve got some special reports available if you’re thinking about doing it yourself. Or if you’d like, I’d be happy to give you a bid on what it would be for us to do and kind of talk to you about some of the challenges. I’ll be more happy to come out and give you a bid, and tell you some of the challenges that you’re going to have with doing your basement or anything tricky that you’d probably run into.” Then you go ahead and set up your way for them to contact you, and the call to action, and everything else. So that’s kind of what to post.

Any type of marketing where you can market your business, whether it’s a request for free report, or your service, or a free audio CD about “How to sell your house quickly by doing some minor repairs to it ahead of time.” Then those are the types of things you want to post. How frequently should you post? I’m going to tell you that you should go read the Craigslist guidelines, to find out the frequency is they are currently allowing you to post. Sometimes it changes. But then I would probably focus on letting my post up until it has left the first page. Or, if it has been on the first page for a week or two, I might consider taking down the old one and putting up a new one. So part of it’s going to depend on how quickly the categories that you’re posting in are moving. If you’re posting an ad, and there’s lot of other people posting in that category, when your ad first appears, it’s going to appear at the top and every time someone else post above you, it moves down one slot until it finally gets to bottom of the page, and falls off the bottom of the page and goes onto page two. Page two is going to get significantly less views than page one. In fact posts that are halfway down, or all the way near the bottom of the page, are going to get significantly less views than posts on the top of the page. So posting frequency actually matters. You should get a boost in response, a boost in number of people viewing your Craigslist ad, when you first put it on, and for the next period of time when it’s still really close to the top. The longer it’s been on there and moves down the page, the less people are going to be viewing it. So that should answer about posting frequency, but follow their guidelines. Don’t abuse the guidelines on Craigslist. You’ll get banned from being on there. They’ll be flagging your listings and you’ll get calls from people complaining that you’re taking advantage of the system. Most ads on Craigslist, by the way, are completely free. So there are only a couple of sections on there where they’re asking people to pay at this point.

In some categories you can use links to your website on Craigslist. I’m not a fan of doing that for the search engine bonus, but if you’re trying to lead people to more information, you can use that. That’s kind of a two-step marketing tool to go to your website. That’s a possibility too. You can also use people just to send you an email back, and then you can reply to them with additional information. I would probably lean toward doing a telephone number, a website that leads additional information, and then also an email address on there, and test to see which one gets you the highest response. It depends on what you’re offering as to what’s going to get you the best response on there. And Craigslist is big enough than it’s worth testing on, so I definitely recommend that.

Until my next post,

James

P.S. Want to learn about how to market your handyman business using low and no cost strategies like CraigsList? I recommend “The World’s Greatest Handyman Marketing Course”.

Inner Circle Membership - Daily, Live Training for Bird Dogs, Wholesalers, Real Estate Investors and Real Estate Entrepreneurs with Q&A and consulting and more.