QUESTION ⁉️ “Here is Comment from Wholesale to Millions YouTube channel…
But yellow letters does pretty okay for us. It the consistency of marketing n follow up that got us a lot of the deals.
Also maybe try to filter out your mailing list. The narrow you can do it the better. Cause less money u have to spend with better leads.
Because our response rate is only 2-3% but we’re able to get lots of deals under contract.
Good Luck 🍀👍”
My Response:
All of the marketing strategies will work with CONSISTENCY. But your time, money and energy setup have to be able to afford the consistency… or its doomed already.
In recent times, I came across the concept of micro flipping real estate. I coined the term smart wholesaling.
I also know another who coined “virtual wholesaling”. Just keep this in mind… you need people, tons of people and something for the people; not properties.
Wholesale To Millions – The King Khang Wholesale Script: An Inside Look
Mastering Wholesale Real Estate Prospecting: The Power of Consistency
Introduction: The Importance of Consistency in Real Estate Marketing
In the world of real estate, whether you’re a seasoned investor or just starting out, the power of consistent marketing efforts cannot be overstated… no script will replace a system that helps you with consistency.
One prominent figure in the industry, King Khang, has revolutionized the way wholesalers approach prospecting with his groundbreaking wholesale script.
In this article, we’ll delve into the key components of the King Khang wholesale script, explore the concept of direct mailing, discuss the significance of response rates, and highlight the crucial role consistency plays in achieving success.
The King Khang Wholesale Script: An Inside Look
King Khang is a well-known name in the wholesale real estate community.
His innovative approach to prospecting and communication has paved the way for aspiring investors to close deals more effectively.
At the heart of his strategy lies the King Khang wholesale script, designed to initiate conversations and build rapport with potential sellers.
The script’s primary goal is to guide wholesalers through various stages of the conversation, from introductions to negotiations, while maintaining a personal and empathetic tone.
Here is a Cleaned Up Version of a Peep of The King Khang Wholesale Script PDF
I frequently get asked this question across multiple platforms, and that question is:
“Hey Kong, do you have a script that I can use? Pre-foreclosure, tax delinquents, probate. How about divorce andd so on?”
Well, I’ve got one script that covers it all. Let’s dive in.
This script is the same one that helped me achieve a six-figure income per month, and I’m excited to share it with you.
So, if you agree or disagree with what I’m saying, please leave a comment below and let me know your thoughts.
A lot of you are reaching out to sellers, right?
And you might think you need a different script for different situations, like when dealing with pre-foreclosures, tax delinquents, or probate. You want to approach them sensitively, addressing their concerns and needs appropriately.
However, the key isn’t to immediately present your script, which might put them on the defensive.
Nobody likes feeling targeted, especially in sensitive situations.
For instance, if they’re in pre-foreclosure, they might not want to talk to someone who sounds like a bill collector.
My approach is to first build rapport, establish a connection, and then encourage them to open up.
Think of it like developing a relationship. This approach has been effective for me, and I learned it from someone named Brian.
When introducing yourself, keep it simple. Here’s the script I use, regardless of the situation:
“Hi there, my name is Kong. I work for an investment company, or a group of investors. I’m calling to see if you have a property you’re interested in selling or if you’d consider a free, no-risk, no-obligation cash offer.”
This script doesn’t change based on the scenario or who I’m calling. It’s neutral and effective.
If they’re interested, they’ll let me know. From there, I focus on building rapport, asking about their day or work. This creates a natural conversation that feels personal and genuine.
When it comes to discussing sensitive topics, like mortgages, you need to phrase your questions carefully.
Instead of asking bluntly about the owed amount, I ask, “Is there a mortgage we need to pay off?” This makes it less invasive and more likely they’ll share the information.
Negotiating is also crucial, and it’s about how you ask questions rather than just what you ask. Instead of saying, “Is that the best you can do?” I say, “Could you do a bit better for us?” The tone and phrasing can make a huge difference in how they respond.
Remember, the script isn’t about sounding robotic.
It’s about having a structured conversation that guides you through various situations.
If your script sounds robotic, it’s because you haven’t internalized it yet. The script is a tool to help you navigate, not to replace your personality.
Ultimately, the key is creating a system that works for you.
A successful business is built on systems, not just luck. And remember, you can duplicate yourself through systems, which is far more effective than relying on rare superstars.
Effective communication is the backbone of success in this business.
If you can’t convert leads consistently, it’s like shooting for luck. So, invest in mastering your script and building a system. It’s not about luck; it’s about creating a successful, duplicable business.
Transcribed from this video…
Using Yellow Letters for Marketing and Prospecting
Yellow letters, a component of King Khang’s strategy, have gained popularity in the real estate industry due to their distinctiveness and personal touch.
Unlike traditional direct mail pieces, yellow letters are handwritten or appear to be handwritten, creating a more intimate connection with recipients.
The idea is to stand out from the sea of generic marketing materials that flood mailboxes. This uniqueness captures the seller’s attention and increases the likelihood of a response, contributing to the script’s effectiveness.
Understanding Direct Mailing
Direct mailing is a marketing strategy where physical materials, such as letters, postcards, or brochures, are sent directly to a targeted audience’s mailbox.
This method allows businesses, including real estate investors, to reach potential clients in a tangible and personalized way.
When applied to wholesale real estate, direct mailing can help identify distressed property owners or motivated sellers who might be interested in selling their homes quickly.
The Significance of Response Rates in Marketing
Response rates, a crucial metric in marketing, indicate the percentage of recipients who take action based on a marketing message.
In the context of the King Khang wholesale script, response rates measure how many potential sellers engage with the script’s initial communication.
While a 2-3% response rate might seem low, it’s important to note that even a modest response rate can yield significant results when handled skillfully.
The key lies in effectively nurturing the leads that do respond, rather than focusing solely on the percentage.
Consistency: The Driving Force Behind Success
As with any marketing strategy, consistency is paramount in achieving sustainable results.
The wholesale real estate market, much like other industries, experiences fluctuations over time.
While it’s true that response rates might change due to shifts in market dynamics, it’s equally true that consistent efforts can offset these changes.
By understanding the customer journey, targeting the right market, and refining the script based on feedback and experience, wholesalers can maximize their chances of getting properties under contract, regardless of the year.
Navigating the Wholesale Real Estate Journey
The world of wholesale real estate as a real estate investing strategy can be both lucrative and challenging.
King Khang’s innovative wholesale script and marketing approach provide investors with a roadmap for navigating this journey.
By harnessing the power of consistent marketing efforts, tailoring scripts to individual situations, and understanding the evolving market landscape, wholesalers can position themselves for success.
Remember, while response rates may fluctuate, the one constant that will lead to triumph is unwavering consistency.
So, embrace the script, refine your approach, and keep those yellow letters flowing – you’re well on your way to mastering the art of wholesale real estate prospecting.
Frequently Asked Question
To wholesale real estate as a beginner, learn the basics, find motivated sellers, negotiate deals, and assign contracts to buyers.
Obtain a wholesale list by using various sources like local real estate agents, online platforms, direct mail, or networking… the best is an online platform called www.EmpireBIGData.com
Begin wholesaling without money by utilizing creative strategies like bird-dogging, co-wholesaling, or leveraging wholesaler-friendly contracts.
While cold calling is a common strategy in wholesale real estate, it’s not the only option; you can also use networking, marketing, and referrals.