Wholesale Business Process

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Wholesale Business Process by Mind Map: Wholesale  Business Process

1. Acquistions

1.1. Talking to Sellers

1.1.1. Objections

1.1.1.1. Determining Motivations

1.1.1.2. Set Appointment to Make Offers

1.2. Leads

1.2.1. Prescreen

1.2.1.1. Seller Situations

1.2.1.2. Underwater

1.2.1.2.1. Little to No Equity

1.2.1.2.2. A Lot of Equity

1.2.1.2.3. Free and Clear

1.2.1.2.4. Nieborhood Quality

1.2.1.2.5. Street Condition & Location

1.3. Deal Anaylsis

1.3.1. Estimating Repairs

1.3.2. Pulling Comps

1.3.3. Wholesale Profit Analysis

1.4. Writing Offers

1.4.1. Types of Offers

1.4.1.1. Wholesale

1.4.1.1.1. Owner Financing

1.4.1.1.2. Subject To Wrap

1.4.1.1.3. Lease Option

1.4.1.2. Determining Offer Price

1.4.1.3. Determining Terms

1.4.2. Preparing & Sending

1.4.2.1. Email offer Template

1.4.2.2. Making offer template

1.5. Appointments

1.5.1. Setting The Appointment

1.5.2. Due Diligence Before appointment

1.5.3. What to bring

1.5.4. Taking Pictures

2. Marketing

2.1. Seller Lead Generation

2.1.1. Offline

2.1.1.1. Direct Mailing

2.1.1.1.1. Create Mailing List

2.1.1.1.2. Formal Letters Schedule

2.1.1.1.3. Post Card

2.1.1.1.4. Yellow Letters

2.1.1.2. Birddogs

2.1.1.2.1. Web form for Submission

2.1.1.3. Prospecting

2.1.1.3.1. Calling Land Leads

2.1.1.4. Bandit Signs

2.1.1.4.1. Vacant Lots & FSBOs

2.1.2. Online

2.1.2.1. Google PC

2.1.2.1.1. Youtube

2.1.2.1.2. Your Website

2.1.2.1.3. Craigelist

2.1.3. Follow-up

2.1.3.1. Adding To Autoresponder

2.1.3.1.1. Setting Reminder in Podio

2.1.3.1.2. Voice Blasts

2.1.4. Tracking & Reporting

2.2. Buyer Lead Generation

2.2.1. Offline

2.2.1.1. Auctions

2.2.1.1.1. Bandit Signs

2.2.1.1.2. Networking

2.2.2. Online

2.2.2.1. Your Website

2.2.2.2. Auto Responder

3. Administration

3.1. Podio CRM

3.1.1. Globiflow

3.1.2. Zapler

3.1.3. Itduzzit

3.2. Bookkeeping

3.3. Phone System

3.3.1. Vomber

3.3.1.1. Callfire

3.4. Contracts

3.4.1. Webmerge

3.4.1.1. Hello Signd

3.5. Working Procedures

3.6. Hiring New People

3.6.1. Inhouse

3.6.1.1. Creating Job Post

3.6.1.1.1. Prescreening

3.6.1.1.2. Phone Interview

3.6.1.1.3. Orientation & Training

3.6.2. Virtual

3.6.2.1. Odeck

3.6.2.2. Elance

3.7. Websites

3.7.1. Editing Pages

3.8. Computer Systema

3.8.1. Email

3.8.1.1. Signature

3.8.1.1.1. Bomerang

3.8.1.1.2. Streak Setup

3.8.1.1.3. Email Temples

3.8.1.1.4. Creating New Email Address & Forwarding

3.8.2. DropBox

3.8.2.1. Login & Installing

3.8.3. iContact Autoresponder

4. Property Sales

4.1. Marketing Checklist

4.1.1. Send Contract to Title Company

4.1.1.1. Getting Access

4.1.1.2. Contact VIP Buyers

4.1.1.3. For Sale Bandit Signs

4.1.1.4. Contact Buyers Agents

4.1.1.5. Upload On Website

4.1.1.6. Sending Email

4.1.1.7. co-Wholesale

4.1.1.8. Direct Mail Flyers

4.2. Qualifying Buyers

4.2.1. Questions to Ask

4.2.1.1. Getting POF

4.3. Exit Strategies

4.3.1. Assignment

4.3.1.1. Double Close

4.3.1.2. Creating LLC - LLC Sale

4.3.1.3. Co-Wholesale

4.3.1.4. Consulting Agreement

4.4. Close Co-ordination

4.4.1. Reviewing HUD - 1 Settlement Sheet

4.4.2. Wiring Instructions

5. Networking & Education