BizyDad
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It's like talking to a brick wall. This is my last chance of trying to break through to you.
There are so many limiting beliefs in your responses. And you're talking to me like I have no idea about your business.
Let's clear that up.
I am currently generating leads for a mortgage company. I don't want to hear how hard it is. The fact that it is hard makes it an opportunity I am interested in. Weaklings run from hard.
I'm also talking to my client about possibly buying into her small brokerage.
So long story short, I'm giving you the advice that I myself am following. I want to be in this space long term. And I have figured out a way to get paid while minimizing my temporal and financial risk.
Can you do the job? You act like every new mortgage person is unable to close a loan. Boo hoo.
I'm a former banker. I started selling mortgages and home equities lines of credit my first freaking month in the business. I was basically fresh out of college.
So every excuse you have made, I'm living proof that it doesn't matter.
If you really want to make it running your own business, you need to start coming up with answers to questions like these.
Instead, you're letting this question stop you from becoming rich.
That's cool, I don't need your permission to go make money. Why don't you check back with me in a couple of years, and let's see who made more in this industry?
You are believing what they are telling you. You're ignoring what I'm telling you. Either way, this is a limiting belief in you're letting it block you.
Imagine what you could do if you had control of those factors.
See. If you could actually answer this question, you would probably be on to something big.
Why do you let questions stop you? Let your questions guide you.
If the transaction doesn't succeed, then there is no buyer to disclose to. So what you are describing sounds more like lead generation, meaning you get paid on the number of leads you generate, not performance-based revenue sharing. Maybe I misunderstood how you were using the terms.
This is either total BS, or you don't realize how you failed to deliver this.
And this sentence is all the proof I need that the above is BS.
Because you think that after you deliver the lead, there's still a lot of work to do. So you didn't make this with as little work as possible.
And I think it's kind of ironic that you are talking bad about loan officers in this case, but you aren't willing to do this work yourself.
Here's another funny thing.
You seemingly have uncovered an issue in the marketplace. A problem that you can solve.
Instead of trying to solve it, you're saying it is the loan officer's job to solve it.
And how is a loan officer supposed to solve it?
That's right. With a good CRM.
Unfortunately, yours is just another CRM. It's not a good CRM that solves the problem...
I wonder why it hasn't worked out.
Maybe it has something to do with the fact that you are not delivering what the market wants.
Well then how am I doing it? Lololololol.
Limiting belief.
People who got into the industry in the last 20 years think this is supposed to be easy.
I'm lucky enough to remember mortgages when they were in the teens. I know that people were getting rich then, and I know they're getting rich now.
The question is how?
I'm sorry, what is your current upside? Remind me again?
You won't build a mortgage brokerage, but you think you can actually build a lead generation engine for mortgage brokerages? You want to be like one of the big boys in the lead generation business?
So I am right. You really are looking for a get rich quick fix.
I think it's hilarious that you don't realize that you're going to have to spend years and thousands of dollars training yourself to operate in the field you are currently working in. At least you have some experience in mortgages...
<sarcasm>How do you expect to become one of the big boys in the lead generation business for mortgages when there's all this bad stuff going on in the mortgage industry? </sarcasm>
I don't think you see the discrepancy here. You think there's a lot of opportunity in one industry that supports the industry where there isn't a lot of opportunity? Okay...
You came on here asking for us to teach you how to sell.
But you don't actually believe in the thing you're selling.
Seriously, stop spending the money. You aren't actually learning anything. You aren't going to be able to make this work with your current mindset and worldview.
I never said you said those things.
My entire point is that you lack the experience to make this opportunity work. But if you can make leads happen, if you can nurture them, if you can automate that process and find people to work for you, you could probably make somewhere in the neighborhood of $50 million over the course of the next 10 years.
But you don't want to spend years. Really? What's your time frame for success? Months?
And you're worried about spending thousands. Okay. You probably think you'll get rich using other people's money, huh?
And when someone comes along and tells you how to make it work, you call it impossible.
Which is why you're going to pivot away from this opportunity.
This will be only your what, third pivot in life? Fourth pivot in life?
At what point in your life do you actually decide that you're going to commit and see this thing through?
I hope you figure out what value it is that you want to bring to the world, and I hope you figure it out soon. I hope you find something to dedicate your life to. Because that's when things start getting fun.
You're so focused on the phrase proof of concept, you keep missing the part where I said this is the easiest way for you to make money. Like literally make a living. Which is the thing you're struggling with...
Seriously though, let's compare notes in 2-3 years. Maybe then you'll be ready to learn the industry, and maybe then I'll be in a position to hire you to close deals.
But I'm going to stop wasting my breath here. You've started a lot of threads, you've taken a single course, and you're not really going anywhere because you're just chasing money.
You haven't figured out how to solve problems and provide value that people will pay for. And I hope somebody else in this thread gets value from other words we spent writing to you today.
There are so many limiting beliefs in your responses. And you're talking to me like I have no idea about your business.
Let's clear that up.
I am currently generating leads for a mortgage company. I don't want to hear how hard it is. The fact that it is hard makes it an opportunity I am interested in. Weaklings run from hard.
I'm also talking to my client about possibly buying into her small brokerage.
So long story short, I'm giving you the advice that I myself am following. I want to be in this space long term. And I have figured out a way to get paid while minimizing my temporal and financial risk.
Why would YOU choose me to handle your several hundred thousand dollar home loan that I've never done before when you can talk to somebody who has?
Can you do the job? You act like every new mortgage person is unable to close a loan. Boo hoo.
I'm a former banker. I started selling mortgages and home equities lines of credit my first freaking month in the business. I was basically fresh out of college.
So every excuse you have made, I'm living proof that it doesn't matter.
If you really want to make it running your own business, you need to start coming up with answers to questions like these.
Instead, you're letting this question stop you from becoming rich.
I don't think that's the answer, but thanks anyway.
That's cool, I don't need your permission to go make money. Why don't you check back with me in a couple of years, and let's see who made more in this industry?
That said, the big boys aren't using this model for the same reasons I mentioned earlier; too many factors that you cannot control.
You are believing what they are telling you. You're ignoring what I'm telling you. Either way, this is a limiting belief in you're letting it block you.
Imagine what you could do if you had control of those factors.
If they can't, why would I be the exception?
See. If you could actually answer this question, you would probably be on to something big.
Why do you let questions stop you? Let your questions guide you.
as long as the relationship is disclosed to the buyer and the share isn't based on the transaction's success.
If the transaction doesn't succeed, then there is no buyer to disclose to. So what you are describing sounds more like lead generation, meaning you get paid on the number of leads you generate, not performance-based revenue sharing. Maybe I misunderstood how you were using the terms.
I tried to build this out so there's as little extra work for the LO as possible
This is either total BS, or you don't realize how you failed to deliver this.
that can get there with legwork, which is something most loan officers don't want to do.
And this sentence is all the proof I need that the above is BS.
Because you think that after you deliver the lead, there's still a lot of work to do. So you didn't make this with as little work as possible.
And I think it's kind of ironic that you are talking bad about loan officers in this case, but you aren't willing to do this work yourself.
Here's another funny thing.
You seemingly have uncovered an issue in the marketplace. A problem that you can solve.
Instead of trying to solve it, you're saying it is the loan officer's job to solve it.
And how is a loan officer supposed to solve it?
lot of LOs view it as "just another CRM"
That's right. With a good CRM.
Unfortunately, yours is just another CRM. It's not a good CRM that solves the problem...
So far that hasn't worked out, obviously, but I did all those things to make as "idiot proof" as I could.
I wonder why it hasn't worked out.
Maybe it has something to do with the fact that you are not delivering what the market wants.
What the market wants is something that doesn't exist,
Well then how am I doing it? Lololololol.
Limiting belief.
People who got into the industry in the last 20 years think this is supposed to be easy.
I'm lucky enough to remember mortgages when they were in the teens. I know that people were getting rich then, and I know they're getting rich now.
The question is how?
but with less upside
I'm sorry, what is your current upside? Remind me again?
You won't build a mortgage brokerage, but you think you can actually build a lead generation engine for mortgage brokerages? You want to be like one of the big boys in the lead generation business?
You're talking about spending several years and thousands of dollars training myself to operate in a bad housing market with no portfolio
So I am right. You really are looking for a get rich quick fix.
I think it's hilarious that you don't realize that you're going to have to spend years and thousands of dollars training yourself to operate in the field you are currently working in. At least you have some experience in mortgages...
<sarcasm>How do you expect to become one of the big boys in the lead generation business for mortgages when there's all this bad stuff going on in the mortgage industry? </sarcasm>
I don't think you see the discrepancy here. You think there's a lot of opportunity in one industry that supports the industry where there isn't a lot of opportunity? Okay...
You came on here asking for us to teach you how to sell.
But you don't actually believe in the thing you're selling.
Seriously, stop spending the money. You aren't actually learning anything. You aren't going to be able to make this work with your current mindset and worldview.
I never said I was experienced and I never said I was good. I'd spent some time working at a lender and real estate group so I understand the loan process.
I never said you said those things.
My entire point is that you lack the experience to make this opportunity work. But if you can make leads happen, if you can nurture them, if you can automate that process and find people to work for you, you could probably make somewhere in the neighborhood of $50 million over the course of the next 10 years.
But you don't want to spend years. Really? What's your time frame for success? Months?
And you're worried about spending thousands. Okay. You probably think you'll get rich using other people's money, huh?
And when someone comes along and tells you how to make it work, you call it impossible.
Which is why you're going to pivot away from this opportunity.
This will be only your what, third pivot in life? Fourth pivot in life?
At what point in your life do you actually decide that you're going to commit and see this thing through?
I hope you figure out what value it is that you want to bring to the world, and I hope you figure it out soon. I hope you find something to dedicate your life to. Because that's when things start getting fun.
Your solution is to get licensed and work in the field that I'm trying to service, with no experience or portfolio, in a bad job market and bad housing market, and build a proof of concept to service myself after spending a couple years doing that.
I don't think that's the answer, but thanks anyway.
You're so focused on the phrase proof of concept, you keep missing the part where I said this is the easiest way for you to make money. Like literally make a living. Which is the thing you're struggling with...
Seriously though, let's compare notes in 2-3 years. Maybe then you'll be ready to learn the industry, and maybe then I'll be in a position to hire you to close deals.
But I'm going to stop wasting my breath here. You've started a lot of threads, you've taken a single course, and you're not really going anywhere because you're just chasing money.
You haven't figured out how to solve problems and provide value that people will pay for. And I hope somebody else in this thread gets value from other words we spent writing to you today.
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