Entrepreneur Like You: Recent Episodes
Chance Reynolds
My Name is Chance Reynolds and I'm a Small Business Attorney and Entrepreneur. In this show, we'll be talking with entrepreneurs about real problems they deal with behind the scenes. I'll be talking about my struggles, the struggles of my clients and I'll be answering your questions!
Hello! I'm Chance Reynolds - AKA - That LLC Guy. Here's How You Can Follow Me everywhere to see how I'm building my businesses!
📞 Schedule A Call With Me - https://llcfreedom.com/calendar
🔈 Listen To My Podcast - https://llcfreedom.com/podcast
Join My FB GROUP: https://llcfreedom.com/group
Youtube: https://llcfreedom.com/youtube
[00:02] Oh Man, if Steve Jobs were still alive, I would punch him in the face right now because I'm having such trouble getting my Mac book to record the freaking audio through I'm movie, um, that it's caused me to spend like an hour recording, like a five minute podcasts. So sucky. So sorry if this one is a little short. I've already recorded the whole thing and then it just didn't record which, uh, uh, complaining. Yes. Because it gets on my last nerve when I do an impromptu kind of, you know, defined to eight minute long podcast and none of it gets saved and then it's kind of contrived a little bit on the second and third tri potentially. Um, cause I like to keep it like off the top of my head. I didn't even think about really necessarily what I'm going to say before I start talking about it.
[00:53] But either way the show must go on. So. So as I had talked about before on the show last week, I'm going to break the seat's already like clunkier than it was last time. That's what's making me mad. So I'm, I'm going to try to talk about by LLC business, which is something that's already an established business already profitable. It's been operating for a little bit over a year now and it's turning a profit. So that's good. Um, when I first started this business, I met with some people that told me that there was no way I was going to make any money within the first three years. They're like, prepare for three years of about making money at all. I'm like losing money for three years. They were just like, can you do that? I was like, not really, like, um, so I was really, really discouraged after I've met with them, but it was a consultant and someone else had.
[01:47] It actually wasn't this business to be fair to them. It was a different tutoring business that I was doing for law school students at that time, which a given a little more time, I can actually, you know, they were, they were more correct on that. I, I worked on that one only like six months before I got this idea for this business and start running with this. So who knows, that would, maybe that would, would have taken three years. This one did not take three years though. It was profitable probably within about eight months, which uh, is good and I need to do some more prospecting. So last week. So, so one of the things I was talking about before the a podcast tried to record, it was moving from an actual office, like I had an office for probably at least six months, maybe eight months at an actual office building, you know, where I went in and had an office and we had the conference room at all that and it was nice.
[02:38] But then I started not really using all the amenities that were provided, like the conference room and I was just using my office, which is basically like a closet essentially for what I. But I didn't really need anything specifically big because I don't really entertain clients face to face. So, um, I was going to the office less and less. And then my wife and I bought House that had a, had like a converted garage, like have our garage converted into a room. And I guess some really, really sad persons lived in this part of the garage because there's, you're still isolated from the rest of the house, but it's a, would it be great to live out here unless maybe you're a teenager or something? It is great to have it as an office because it's separated from the house a little bit. Um, but which is good, you know, I've seen saving money on pointless office I can come to work without even like combing my hair or anything. Like I'm just, I'm at work, like whenever I want to be at work.
[03:36] And my son had just started kindergarten this year, so I was thinking like, you know, I don't really need an office as much as he's going to be at school five days a week, you know, during kind of like my peak business hours when I'm talking to clients and stuff like that. So it seemed like a great idea. It has worked out well, but there are ups and downs. It's not exactly. There are things I miss about the office. I'm like, how often I could go live and know that I'm going to be undisturbed here at the House on. I haven't really been going live. It's like a big problem. Realizing like how long it's been since I've gone live and this is one of the main ways I do by prospecting and haven't had to. I've been very lucky that my calendar's been full anyway, but it's starting to get a dip down so I need to figure out a way to. It's not necessarily confidence like to me it's about professionalism. I like to do my lives. I need to know that I'm going to be able to get all the way through them without being disturbed. I don't want any unknown elements to disturb my facebook blogs. Like the mailman comes. I have two dogs. They're boring. To me that's like really, really unprofessional. I don't want to deal with that, but I need to just get over it and just do it. Like whatever. Who cares really?
[04:43] So yeah. Yeah. That's, that's the biggest downside is that my prospecting is dipped down so my calendar hasn't dipped down yet, but it's, I see that it's going to in the future, um, you know, like towards the end of this week and next week. So I need to start doing some facebook lives, so to get some people on the phones to talk to them about llcs and some of you know, some of you don't know what I do on my facebook lives to reach out to other people. Maybe on average like 500 to a thousand people per alive when everything's said and done is I have a presentation that I built from talking to so many people in the real estate industry and in the online business niche. I've talked to them. I know what their questions are, I know what they're hanging up. Sorry about the LLC. So I created a presentation about that, answering those questions, which is obviously a great way to build trust because I do know what I'm talking about so I'm not faking it till I make it or anything like that. Which definitely helps when you actually know what you're talking about. So
[05:45] Albert presentation and I go lot to two groups that people had me to, if I and everybody has this problem where you get added to a ton of groups. I think facebook is maybe doing something a little bit different now where they're preventing that from happening any happening as easily. But before you would get added to like 20, 30, 40 groups. I mean this happened to me and I'm just like, if you're adding me to your group, I'm going to go live to your group. I don't go join a group specifically to go lot to a group, but um, I use a little piece of software called [inaudible] live.tv, um, that where you can kind of schedule a lot broadcast. And you know what? I just scheduled it like straight up in other people's groups that are added to a group. I'm going to go a lot to your group and it's going to be hard for you to ban me from your group, but if you want to go ahead, I don't care or delete my video or something like that because what I'm providing is actually valuable to your audience and if you don't want that to provide value to your audience, why do you have a facebook group?
[06:44] So it's hard. I've actually not been banned from our group, but I've called a lot, several dozen times to the same facebook groups that have like, you know, 50,000 people in them. But um, you don't do it to the groups where you're actually getting valued groups that you want to be in. You know what I mean? So you've got to be careful on what you do. Either way that's happening with Llcs, I need to go a lot more. I'm going to do at least one or two lives per week. Hopefully going forward, I'm just to stay fresh on real estate. I have some, some of the warmest leads I've ever had. I'm so for sale by owners right here in my neighborhood, which is awesome. I wasn't necessarily driving for dollars or anything. I just happened to see them when I was just walking in my neighborhood.
[07:26] So two houses for sale by owner that I'm, I'm working on working on, working on and hopefully something will come come of those, but if not, um, it's coming back around to about the month. It's been about a month since I had started cold calling. So those leads are ready to be called again. I'm gonna Start Recalling those same absentee owner leads. That's what's going on a real estate. Hope. Everybody's having a great week. I'm going to try to, you know, continue to pump these out. I don't think that's going to happen five, five days a week. It's just my mornings are too crammed. But, um, hopefully you know, on a, on a pretty regular basis. So reach out to me LLC, freedom.com/calendar. If you want to talk about llcs very specifically. And.
Hello! I'm Chance Reynolds - AKA - That LLC Guy. Here's How You Can Follow Me everywhere to see how I'm building my businesses!
📞 Schedule A Call With Me - https://llcfreedom.com/calendar
🔈 Listen To My Podcast - https://llcfreedom.com/podcast
Join My FB GROUP: https://llcfreedom.com/group
Youtube: https://llcfreedom.com/youtube
[00:00] Alright guys, well it is Friday and so I guess the traditional work week is coming to an end. I was just talking to my wife about this yesterday actually because we were just talking about the weekend and kind of what's going to happen. Um, we were, I was just describing kind of how from here on out it's going to be very, very hard for me to ever take like a full weekend off since I'm running this business. It's just kind of one of the sacrifices sometimes you have to make if you want to operate your own business because a lot of the people that I'm dealing with or at least when you're working with entrepreneurs, um, and that's kind of your target market mainly because a lot of people actually work nine to five, so they work nights and so during the week if they're there, it's not a possibility for them to actually get on the phone.
[00:52] Nine to five, which I don't keep my calendar open at night because I coached my son's tee ball team for one, which is a whole nother podcast. And in an of itself, how that ended up coming into play because it definitely wasn't something I was, uh, had signed up for thought I was going to end up doing, but uh, just kind of ended up doing that. Uh, definitely I don't want to say it against my will, but they just said we don't have a good, like we're not gonna be able to have a coach. So I had to do it. But, um, my nights are busy doing that and spending time with my son and my wife as well. Uh, so I, I also, my brain doesn't function at night. This is something that's happened forever. Like I'm a super early riser. I get up really early in the morning.
[01:35] Um, that's the most productive time of my day or the first four or five hours of my day. I normally get up like, around in the fives, you know, so not something crazy. I see some people that their schedule's like, they get up at 4:30, they work out for an hour, then they eat some wheat grass or some shit. I don't do anything like that. Like, I don't have like a crazy morning routine that I do. I like to do this podcast early in the morning and uh, that's what I'm doing now, but my brain functions best in the morning. So I like to get all of my fulfillment side of my business done before lunch and then take my calls from lunch to fiveish. Um, if I'm doing like four or five hours of calls, so the day I don't like to spend more than five hours a day on the phone talking about the LLC, it's just my brain will just be complete mush by the end of the day because I'm handling, you know, somewhat high level questions about people's businesses.
[02:34] I mean, it's not like something that's passive that I can read off a script. I wouldn't want to do a script even if I could. Um, I like to actually look at the situations that people are in and to give them advice based off that. Um, and that's kind of what being a lawyer is all about. Not like I'm actually an attorney to these people, but that's what you've trained your brain to be analytical. That's kind of the whole point of going to law school is being able to do that. That's where your worth is. And so that's like, you know, that's what I want to provide to people. Um, but after say five, 36 ish, my brain is not functioning at the same level that it was because I'm just, I'm tired. I want to just like watch mindless stuff and, and just hang out, um, at that point.
[03:21] So I leave my calendar open on the weekends because of that, because some people that are working nine to fives, my calendar is not available to them and I don't want to have to make myself available at night so I have Saturdays and Sundays. So it's just like if you can't make a, make a consult on Saturday, Sunday or normal business hours Monday through Friday, whatever, normal business hours already, you know, like nine to five. Um, then it's just unfortunate, but I'm not, I'm probably not going to be able to help you with the consult. I could still pro chat back and forth. I don't mind doing some chatting and stuff after hours. Like, I'm definitely responding to emails and doing all those things, you know, in the evenings, but I'm, I'm just much, much smarter in the mornings and I want to have all my, you know, my brain cells functioning properly. So that's something that we've been talking about and I was like, look, this is going to be probably another year of this.
[04:12] I mean, of course here and there I'll have the occasional weekend off. But um, for the most part it's not like we can disappear off the grid or something with this very specific business. Now if the real estate stuff starts picking up, and I described it earlier this week, I'm going to kind of try to break this podcast into two pieces. One piece, my existing LLC business, which is fully functional and profitable, you know, already. Um, in kind of what I'm doing for that. And I've talked about delegation on here a lot before. So people that are listening to that first part about the LLC business and they don't hear anything about me delegating very much of what I do. I don't really like to delegate a lot of stuff in that business. It's hard for me and until I get somebody that can work in the office with me like an intern, paralegal, there's only very limited things that I will outsource to the paralegal that I do work with.
[05:04] So, or that works for me rather. Um, so that's that. But when it comes to real estate, the only thing that really has is holding me up at this point for moving forward with that is the marketing piece of it. And anyone who understands real estate, that's the whole thing. That's the entire business basically. Um, I don't really have the money to invest in, in the type of marketing that I want to do. I could. And this is not complaints at all, this is just where I'm at. I'm not saying that I couldn't do certain things. There are certain types of marketing that I definitely could do, like cold calling, which I've done, you know, a significant amount of. I have. I'm not opposed to cold calling whatsoever, but time wise I don't really want to spend my time doing that. So I'm not, you know, if I don't want to spend my time doing that and I don't have the money to do other things, um, to invest in other types of, of more passive marketing like facebook ads, Google ad words, um, it's, I'm still on the fence about whether or not I can really do bandit signs since I hold the license with the state as an attorney.
[06:15] I can't. It's tough. Like I could get, I could get, uh, an ethical complaint real quick. Um, based off of bandit signs, I just don't want to really take that risk. So bandit signs really aren't in the cards for me right this moment until maybe I started working with somebody else, like a bird dog or something, um, that can do that for me. And then I'll pay a percentage or something like that. Maybe. Maybe that's something I'll do. But I would rather focus more on inbound marketing strategies than outbound marketing strategies with real estate. And you know, somebody that's more experienced to real estate would hear this and be like, what the hell are you talking about? Just get out there and do the work and that's half of it. That is half of it, but. And I don't disagree with that whatsoever, but I want to do something where the leads are coming to me.
[07:01] They're already, they're choosing me. So like inbound marketing being something like facebook ads where you're targeting people on a list, like with a custom audience. I understand how facebook ads work. I've run tons of facebook ads, I understand the backside of facebook ads. I'm not going to like necessarily talk about how to build those right now. I'm not a google ad words expert. I'm probably, you know, I'm up there on facebook ads. I'm pretty knowledgeable about those so I probably would do something like that but I don't have the budget to do it, so I really would just honestly rather outsource it and it's way easier to delegate this stuff in a real estate business because of the type of people that you're dealing with. It's not specialized knowledge necessarily that you need to have. Like I need to have a, my llc business, so like I can't really outsource the talking to the clients portion of what I do, the consult portion of what I do in my llc business.
[07:53] There's not really any of any of real estate business that you can't outsource. You probably don't want to outsource all of it. You want to figure out what the, what the couple of things are that, that you want to do and that you like to do and that you're most effective doing and, and, and do those things. But um, there's nothing to say that you couldn't completely have a passive real estate business where you have disposition people, acquisition people, your marketing company, however you're doing your marketing. That's always something that you could outsource. You don't have to, but there's all, there's always somebody that will do that at a price. Um, whether it's facebook ads, bandit signs, cold calling, you know, with virtual assistants inhouse callers. Like all of those things can be outsourced for sure. No question about it. So to me it's just a matter of putting aside some money.
[08:41] Probably it's going to be another couple weeks, um, but maybe next week I'm going to hire. I can't decide if I want to do hire some cold callers or if I want to hire facebook ads, a guy that claim sees, you know, maybe he gives you 10 leads a week, but they're very, very targeted and NATO, they've taken an action to show that they want to sell rather than the type of marketing that I've done to this point, which is just a list of people who own two houses, absentee owners is what they're called. Um, and you're just asking, calling them up and asking them completely uninitiated whether or not they want to sell their house. And like 99 percent of them are just like, what the hell are you talking about? Why would it, why my son lives there? My daughter lives there. That's almost all of the absentees that I've talked to.
[09:25] And I'm sure if you kept doing it, it would work. I think all of the marketing channels probably do work if you have the time to do it or the ability to outsource it. I just don't necessarily want to spend my time doing that, so that's why I can't really complain if a real estate is not moving forward because it's definitely a choice that I'm making to not spend my time doing those things. So it's not moving forward either way. It's been an awesome week. I really wish that a little bit more what to move forward with me actually doing the cold calling for this other company because to me that's worth it. So like if I'm doing it for someone else who already has an established team of people and I don't have to worry about the disposition and the actual acquisition meetings and meeting with the sellers and all of that, that would be a great learning experience.
[10:09] I would love to do that. Um, but, and then just get paid kind of like a flat fee on, on each know if anything closes when it closes to me that's worth my time. But just cold calling and then I know I have on top of that I have to do all the other things. Um, because I don't have a team in place that's just not really in the cards with my llc business right now, so trying to figure out a way to, to, to make these two businesses work together. And uh, this one's a little bit longer than usual. So I hope everybody had a great week and we have a great weekend. Enjoy the long weekend. If you are taking some time off and I will be back next week.
Hello! I'm Chance Reynolds - AKA - That LLC Guy. Here's How You Can Follow Me everywhere to see how I'm building my businesses!
📞 Schedule A Call With Me - https://llcfreedom.com/calendar
🔈 Listen To My Podcast - https://llcfreedom.com/podcast
Join My FB GROUP: https://llcfreedom.com/group
Youtube: https://llcfreedom.com/youtube
[00:01] I'm sitting here like the, the piece of equipment that I, a piece of software rather than I used to record these. I kind of do it weird. I don't use garage band. I'm a MAC person just because they're so much easier for me to use than a PC. But I'm on my Mac. I have obviously I have garage band and I also have my movie. I like to record my podcast even if they're just audio inside of I movie rather than inside of garage band because I movie has a little button that you can click that supposed to make the sound all better, like automatically fix everything. So I do it from there and then I export like a piece of audio out and then I put it into garage band. I have to make it as complicated as possible, but that's just how I'd like to do it because of, uh, a guy, uh, Robbie hearst that I used to kind of work.
[00:46] We shared an office and he has a media company and he knows about all this stuff a lot more than me. And he kind of taught me about the movie side of it and I just liked it a lot better than the garage band side of it. But the downside to that is that I can see myself in the camera every time I do it and it's not. I don't like turn the lights on. I don't have a camera like at the right angle or anything. It's just like looking up on me and I'm becoming very, very aware that I am getting like old man Nick, you know, how you can tell when people are getting older just because of how their neck looks like. It's not necessarily like a full on Turkey Gobbler, but it's Kinda like, yeah, you're 10 years older than you than you used to be because your neck has is just kind of old looking.
[01:27] You have old nick. Anyway, that fits perfectly into what I'm talking about today because one of the things that I struggle with that I can tell very obviously that a lot of people are struggling with it is when you're on facebook. So we all need social media to drive our businesses forward. I'm not like breaking new ground here. This isn't anything that is necessarily an original thought, but it's something that I struggled with so I wanted to talk about it. A lot of times we're forced to be on social media so often that we don't realize how much time we're wasting on there. There's so many distractions and right now, like with most of us that are in this realm, like you've maxed out your profile to like 5,000 people. So you're looking at kind of these random people's facebook like you used to. So you're scrolling through your feed.
[02:16] Maybe you see some people that you actually know, but most of the people you don't know and you're, you're getting not necessarily engaging with them, you know, at least you shouldn't be engaging with them. But you're seeing how they're engaging with everyone. And it's a lot of negativity on both sides. Like politically, it's, there's a lot of political distractions and you need to make sure, at least I need to make sure this isn't necessarily like a self help or motivation podcast. You know, I kinda just talk about what I'm doing, but something that I see a lot of people do, I just don't engage in any of that stuff anymore. Like there was a time when I used to engage politically, but now it never made it. It never made a difference. Not like it's any more divided now than it was before. It's exactly the same as it was before.
[02:59] It's just there are a lot more mediums for people to express their beliefs than there were before. So I'm under the, you know, I, I believe that nothing has changed. Everything is the same. We're split about 50 slash 50, you know, and it teeters from 55, 45 to the left to the right, depending on what's going on in the country, what's going on in the world. And you can very easily get distracted, get depressed on both sides. You know, a lot of people think just the leftist depressed right now because the right has so much power, but the right people on the right, they don't view it that way. They, they feel like they about to lose power. So it's like both sides are very depressed and angry and there's just, it's not that these things don't matter, but your opinion on facebook doesn't really matter, so it's not even worth engaging.
[03:48] It's not even worth even looking at or and having a feeling about it one way or the other just because it is not. You're not going to be able to affect it. Of course these things are important and you should have a feeling one way or the other. I guess if you don't, I guess you know you're very, very lucky that you just are able to to be completely compartmentalized and just focus on your business and focus on things that you can control in your life. But you can't control what's happening politically. I mean, yes, you can vote. You can. You can voice your opinion. If you're going to go start a grassroots campaign to help the environment or, or to get some specific candidate elected, that's one thing, but probably you're not going to do that. Most likely you're just going to put posts something on facebook and get angry and mad and caught up and just be going back and forth and waste all of your time and not have moved your business forward at all and had, have a good excuse for not actually accomplishing what you need to accomplish.
[04:47] So it's better to just not engage with it. Uh, you know, understand that it's going on. Understand that people are upset, understand that not everybody's going to feel the way that you feel. Understand that there are bad people out there and they're going to post really mean and terrible things on facebook. Um, but there's nothing that you can do about that. All you can do is worry about what's in front of you and look at your goals and work towards those goals. And I know that's really, really hard to do for some people. It's hard for me to do. I've posted that a lot of stuff where I've started replying to something I've seen that's just so mean. Somebody just being extremely mean. I had had a guy that I grew up with that, um, his dad had passed away several years ago. Well, a friend of his dad's came onto his page because it's something that he posted about the freaking cavenaugh hearing something that none of us have any control over, and this guy said, you know, your dad would be so ashamed if he were alive.
[05:40] He's rolling over his grave. Just some main terrible shit to say to somebody, you know, it's not funny, but you have to laugh because you're just like, oh my God, people are just nuts. Um, so people are mean. But, and I started to write out something to that guy, just like you're a real piece of garbage, you know? Um, but it's just, it's not worth it. Like you're not going to change his mind. You're not going to have any effect on the cabinet, all hearings. You're not going to change any, anything that's happened in the past. All you can do is worry about yourself and make sure that you know you're making good decisions that are in line with your ideology. That's all you can do anyway. That's what I'm dealing with today, and, and trying to stay focused and not get distracted by all the things that are going on.
[06:21] Of course I'm paying attention. I know everything that's going on. I course I have an opinion on it, uh, on, on what I think is happening. But at the same time I know that what happens that you know, with a Senate confirmation hearing is I have no bearing over that. There's nothing that I can do, so I'm watching, but I'm kind of silently watching and making sure I'm moving myself forward everyday in my business. And you have to be able to put that stuff aside. Don't let that hold your whole life up. Don't let that keep you from accomplishing the goals that you have every day. Don't let that stuff you know, stop you in your tracks and waste your time because time is the most valuable thing that you have. Especially if you're bootstrapping a business and you're an entrepreneur like I am. It's just not worth it. To get caught up and lose time that you could either be investigating something in your business, talking to a potential client, potentially, you know, following up with a, with an old lead, anything is more productive than, than than, than engaging with. Going back and forth politically on social media is just not worth it.
Hello! I'm Chance Reynolds - AKA - That LLC Guy. Here's How You Can Follow Me everywhere to see how I'm building my businesses!
📞 Schedule A Call With Me - https://llcfreedom.com/calendar
🔈 Listen To My Podcast - https://llcfreedom.com/podcast
Join My FB GROUP: https://llcfreedom.com/group
Youtube: https://llcfreedom.com/youtube
[00:00] One of the reasons I like being an entrepreneur so much is that when push comes to shove, I know that I can actually get things done like I've done in the past. I'll do it in the future. That's just the type of person that I am. If something needs to get done, whatever it takes, I'll do it, you know, and that's something that I didn't always have that, that wasn't something that I really got a grip on until I was probably in my late twenties where it was just like, well, here's my goal. Whatever it takes to get to that goal, I'll just do it. Like, it doesn't matter. Like if I got to sleep later, I sleep later, I got to read a whole book tonight. I really hope, you know, whatever I have to do to research it, learn it, figure it out, I'll get it done.
[00:42] Um, and it's hard to get away from that thinking as you're kind of growing your business. But at some point you do have to kind of handover and trust other people with certain aspects of, of what you're doing. And I have a va that I really use for our, initially I was planning on using this va to actually do some of the actual llc creation. I was just going to train them how to do it and hand over some stuff to him and I just, it, I know it just never collect that way. So I just use them really for technical tasks, stuff that I had learned how to do in the past. But then I like to outsource now and um, it works well. Like we've got a pretty good rapport now. He's a dude. What's, I can't even remember what the name of the company is that a used to hire him, but it's like their English speaking va's basically is like their, their big thing, which is fine.
[01:31] You know, I've used tons of Va's for different project based stuff and I've used upwork to even hire paralegals and things like that when I've gotten like crazy overloaded and that'll work just fine. I saw that I necessarily need people to speak English, but I thought this guy might be on the phones. So I was like, oh, I'll probably be better if English as the first language, um, turns out really probably doesn't even matter, but you pay like a little bit of a premium for that. But we don't, I don't have to explain things in depth anymore. It took a while for us to get to that point. There was a kind of, a lot of bickering. I tried to fire him one time and basically that his manager called and just said like, don't fire him, do this and this and this. It'll work better.
[02:15] And uh, it Kinda did work better. So I'm super happy with how that's going. But I kinda had to have some situations that pop up where it's like I have to rely on other people and my time is very valuable to me. If somebody wastes my time slowly, I start to kind of lose respect for them and I don't want to rely on them in the future. And I kind of had some of that go on in the real estate realm yesterday where it was like something was scheduled. I was supposed to talk with somebody. It didn't happen, there was a good reason that it didn't happen, but in the back of your mind you're like, is this going to be something that's ongoing? If I establish a relationship with this person is going to be hard to communicate with them, are there going to be, is there time more valuable to them than my time is?
[03:02] And if that's the case, that's fine. It doesn't necessarily mean they're a bad person or something, but I don't want to be drug along. I've worked too hard. I'm too valuable and my time is too valuable for someone to not kind of put everything that they have aside to talk to me. That's how I feel about it. If it's like you made an appointment, you better be there to talk to me. Um, you get couple couple of opportunities if there's a reasonable excuse, but uh, if not, you know, I don't know, maybe that makes me an asshole. I'm not sure, but one way or the other, that's just how I feel about it and I can't work in a situation with somebody if it's gun to my time isn't going to be valued so you have to kind of way that you have to have some patients though.
[03:45] That's what I learned from working with my va is that when you are moving forward with people, sometimes it takes time. Like if I would've just fired this va like right out of the gate because I thought he was. He was being a smart ass. I'm. I wouldn't have a good related rob. I would always be in the startup of a. have a good working relationship with somebody. You have to give it some time to kind of blossom out and maybe maybe you're pissed. Maybe someone you feel like as being disrespectful, but in the long run like can you both benefit? Is this somebody that can move your business forward? Is this somebody that you can trust it to hand things over to you and that's Kinda what I'm going through now. I haven't moved forward at all since yesterday on me real estate related stuff.
[04:26] I was hoping I would be cold calling for this, uh, uh, this team, you know, as part of a team today or at some point this week that still might happen, but, uh, yesterday kind of that the plans of us getting together didn't, didn't really work out to discuss it and it may not ever work out. Who knows, if not, I'll just go back to cold call and for myself and I can, you know, it's not like I can't do that, but uh, I'm only going to kind of wait around for so long to get this other thing going. So hopefully that happens. I'm excited about that happening. I'm a little setback. Hopefully, you know, it's kind of like the va situation where it's like it's a setback and they're kind of, some excuses being thrown around, but maybe they're valid excuses. Sometimes excuses are, are actually good reasons.
[05:12] They don't have to be like a, somebody avoiding something. So either way, that's what I'm dealing with today. I knew I was, I said I was going to kind of break it down to half my llc business, half my wholesaling business this week, but uh, that's kind of just all mixed together. What I'm going through today, what I'm, what I'm thinking about this morning as I'm starting this day, like what am I going to do to move forward? Am I going to have to rely on someone else to move forward? Am I going to string out any more of my time waiting for that to happen? Or Am I just going to just kind of move on and, and no hard feelings and just take action on my own. But, uh, hopefully by tomorrow I'll have an answer to that. Hope everybody has a great day. Talk to you tomorrow.
Hello! I'm Chance Reynolds - AKA - That LLC Guy. Here's How You Can Follow Me everywhere to see how I'm building my businesses!
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[00:00] So last time we talked that it was on Friday and I had just had pretty successful day using text message marketing that didn't really carry over necessarily into the weekend. I was hoping it would still be dripping in over the weekend. The people who hadn't responded. So I think I sent it up to 60 or 70 people. I sent like a mass message, a deal to about 60 or 70 people that I had talked to over the past two months and I think I closed, you know, 10 to 15 percent of those with a followup marketing. And that's awesome because normally I wouldn't even really be following up with them. So it was definitely, I would have closed none. So it was definitely good and I've started taking calls on Saturdays and Sundays, not like full day's work but like half days, like I'll take four calls Saturday for calls Sunday and it hadn't really paid off.
[00:58] So I was thinking about stopping doing it because most of the time when people schedule on Saturdays and Sundays they don't show up for the call. So it's like I make sure that I'm somewhere near my computer and I'm not out like, you know, at the park with my kid or something else I could be doing and then the people don't answer and it really kind of makes me angry. And then when they call me back, I'm irritated with them. But this weekend, uh, it worked out well, closed a couple deals and it was definitely worth it to have spent time on the weekend, you know, working. So I was glad that finally worked out and uh, pretty much everybody showed up for the calls. Um, it was good. It was good. I don't mind working on the weekend when I actually get paid. I don't like working in the not having made any progress, which is, which is pretty obvious why I'm so on the real estate front.
[01:50] This is kind of how I'm going to break these, these podcasts down from here in the next week at least, I'm going to try to talk about my llc business and what's happening. And then my secondary business, which is real estate. So with real estate today, I am actually going to be potentially doing some cold calls for another guy, um, who has a company that's pretty successful. I don't really want to talk about who he is yet. I'm just because I don't know, I don't know if he wants to be talked about, but uh, he's not local to me. He's in Mississippi, but I'm at least, I think he's in Mississippi. Um, he's, he's building up a lot of cold colors that are just working on commissions. And I talked to him about it. I was like, yeah, I'll do it. Like I would like to be trained by somebody who's, who's doing tons of deals.
[02:35] Do, does. I'm sure he does at least five to 10 deals a month and I would imagine that's probably around where he's doing it. And he's doing these cold call cold callers on just strictly commission, which I'm fine with because the way my business works. Like I would rather just work for commission honestly. Like I'm not going to take an hourly position unless it's something like $100 an hour. Maybe I'd consider it. But, uh, I'm going to be doing some cold calling. Hopefully I'm going to be talking with him. We're jumping on a call this morning to kind of talk about, I guess what he wants, like the top software he's going to use. I really don't know what we're doing is because I had this, I assume he's going to tell me how to like record my calls, had to send in my info to their va's on what I've accomplished that day so they can just kind of track what you're doing.
[03:22] I, I'm already pretty familiar with the software, the cold calling software that I imagine they're gonna want to use, which is Mojo. I've used that plenty of times. I have a triple dialer which calls three people at once and um, whoever answers like that's the call that you talk to and it plays a, a message to the other people if they answer where it's basically like you're like, hello, hello, a bad connection. I gotta call you back. It's Corny as hell. But, uh, it works. I guess. I mean, I don't know, you know, like I've talked about, I haven't really focused a lot on the real estate side of it, on wholesaling or anything like that just because I've been so focused on my llc stuff that the amount of time that you have to put in to the marketing for real estate is no joke.
[04:08] Like, I mean you can make a lot of money in real estate and it's not like it's you have to be a genius to do it, but you have to have either time to do the marketing or money to pay someone to do the marketing. And I just have, I don't really have either one of those right now. So I would rather just kind of work under, under a team of people that have already succeeded and um, you know, just see what I can learn from what they're doing and it may just be just fine to just do that. For now. You know, I don't necessarily have the time to be out on, on building a team and building my own systems for that while the llc stuff is going as well as it is. So hopefully it will just be some nice little way to learn.
[04:48] It's less about making money and uh, I mean that's part of it. Like I need to make more money for sure and like money, uh, for working if I'm working, I want to make money, but it's more about just learning from somebody who's who's really succeeding at it and this guy, you know, learned under Max, Max Maxwell or they kind of came into the game at the same time and that he's just successful and I don't know, he just seems like a super nice guy. He's kind of coming from a similar background as me as far as his marketing where he learned about online marketing and stuff and kind of who his influences are in that realm or are the same as mine it seems. And so I think we might speak the same language and it's just definitely worth a try. You know, I'm not too good to cold call for somebody else just because of I'm already an attorney.
[05:34] I'm not too good for any position, you know, I need to learn and if that means that start at the bottom, I start at the bottom, I don't care. It doesn't matter. It doesn't hurt my ego at all. So that's what's going on this week. I look forward to definitely, definitely can have a lot to talk about this week if that really goes forward. Hopefully it does. Of course there are no guarantees, but, uh, I'm hoping that that works out either way. I hope everybody has a great day. Hope everybody has a great week and I'll talk to you guys tomorrow.
Hello! I'm Chance Reynolds - AKA - That LLC Guy. Here's How You Can Follow Me everywhere to see how I'm building my businesses!
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[00:00] Hey guys, I'm trying to record this podcast every day of the week and I just started back on Wednesday and today's Friday and I already missed Thursday somehow. How the Hell I missed the second day yesterday I kept saying I'm about to do the podcast, I'm going to do the podcast, I'm going to do the podcast. And I never got around to it because I had kind of a, just a busy day. As anyone who operates a business knows that is pretty much everyday. So I have to knock this thing out first thing in the morning or it does not get done if I try to wait until the afternoon or I tell myself I can do it over my lunch, you know, what I'm eating lunch or something like that. It never happens. So I got to start getting up, you know, 15 minute. It only takes 15 minutes to record this.
[00:48] The put it together and posted. And then I have a va that does kind of the rest of the stuff on the, on the backend. But, uh, either way, the stuff that's going on in my business right now, if you're new to the podcast, this is kind of what I talk about. It's like what I'm doing in my business that's working, what I'm doing isn't working and kind of what my plans are for the future and just random things that are happening that might be able to help you. So I started using some text message marketing tactics and tools this week for the first time ever. Um, they always, it always just seemed a little bit too expensive to me and a little bit complicated because I was trying to do the text message marketing through like landing pages before, like collecting a, uh, you know, a cell phone number along with an email and then having kind of an automated sequence of text messages that went out that was similar to like an automated mail email drip campaign where it's like something goes out day once and it goes out day two, day three, there's a piece of content.
[01:52] And then, you know, like day four there's an offer, whatever it is, just like typical email marketing. But you're doing a text messaging and it just wasn't something I ever really pulled the trigger on. I kept thinking I was going to do it and I would investigate and I'd have my va send me information, I would look at it and I'd go, I don't know how many text messages it's going to require to do this, so I don't know which plan to do. And so I just kept doing emailing, email marketing and I don't really do a lot of like drip email. Actually, it's a big problem. I don't do a whole lot of followup with my clients. Like I get so busy that I, I, my flow is like, people get on my calendar, they call me and then I send them, you know, the offer that they can take advantage of after we talk and I let them know what it is on the phone.
[02:40] There's no mystery to it. And then I'm not really following up with them at that point. I'm just like, well I already talked to them personally. If they want it, they want it. But I wanted to start doing some text message marketing. So I could reach out to them that way to see if maybe that would improve my closing rate and then, you know, just allow me to follow up with those people and possibly just not let all these leads that I have that are go to my calendar, just die off because I have all their phone numbers already. I'm just like, they've given me their phone number for the, for the meeting, I might as well use it for something reasonable. Um, so I did some research, I was using zaengle day one and then I asked my va to do some research on it and he came back with a software called Hay market and haymarket was a little less powerful than single, but like half the price.
[03:31] So single starts at $100 a month for the basic plan. And then it's pretty much, you can't even use most of the features for less than $200 a month. So it's not like it's crazy. Um, but I think you'd get around 2000 text messages a month for that, which I can tell you is not very much. Hay Market starts off at like $30 a month on the basic plan, a two week free trial and then like the mid grade print blend is like 50 bucks a month for I think a thousand text messages and it's the highest level is $100 a month. Um, so I just went with a mid grade one yesterday and I sent out a blast to 70, 70 people that had been on my calendar last month and this month that didn't close. So I spent a symptom, like a special offer that was like a short term offer that was only good for a few hours.
[04:23] And just in that exchange I wrote up some copy, I sent it out, I already sent and received like total over 300 text messages and that was in one day. So the text messages go quick really, really quick because people just want to ask a lot of questions and of course you need to answer those questions. So I'm just sitting on my computer and basically the software, it's just like a. If you've ever. It's just, it's like chatting. It's like facebook messenger basically. Except a lot more organized than that. So it was pretty freaking awesome. It was sales wise, the best day I've ever had as far as sheer numbers of just llc sold. Um, but really what I want to do it for us is to replace some cold calling that I'm trying to do in my real estate business. So on the real estate side of things, I'm, I'm, I did a lot of cold calling.
[05:14] It's fine. I'm sure it would work if you had time to do the numbers of it, but I just don't have time to do that right now and I don't really have the resources to outsource it. So I'm going to use this other method, um, that I've been learning about to text to text some of the sellers instead of like actually calling them and I can mass mass text them and it'd be way, way easier. I'm probably a lot less response, probably more expensive to do it that way, but a cold calling just so time consuming. And when I have this many llcs in the pipeline, when it's like I have 10 llcs to create and then had to drop the operating agreements, get the ends, all that, there's just not time to do all the real estate stuff and I want to keep that side of my business moving because I, that's a really important thing to keep momentum and I don't want it to die off because I've done a lot of, you know, like most entrepreneurs, I've tried a lot of things.
[06:10] I've been distracted by a lot of shiny objects in my time and I don't want real estate to be another shiny object because my llc business is rolling and it's great. Um, but I do want to do more real estate investing just because I like it. I actually really like it. So text messaging, text message marketing definitely came at the right time. I've found out from a few of my clients that my emails are for some reason going to their junk mail. So I'm like, man, no better time that this happened because I was wondering why I wasn't closing as many this last week. I was like, what the Hell is going on? It turns out my emails, my follow up emails after the conversation are going to junk mail, so I have to reach out to a g mail today to see why that's happening because I use g suite for, for my, uh, business emails.
[07:00] I was hoping I was going to be my web host if you'd have no idea what I'm talking about. Technically, like normally your web host can figure out what's going on with your emails if you're using like a business email with your, with your domain as, as your email. But they said, no, you're using g suite. And I was like, damn, it's possible to get them on the phone. So either way it's been, it's been a crazy week. Text message marketing I think is definitely something I'm going to continue to do. And it, it, it's, it is responsible for the largest amount of sales I've ever made in one day already. And I've only had the software for one day. So as soon as I learn it better and I understand how to write the copy for text messaging a little bit better, I'm sure it will only improve from there. So everybody have a great weekend. Hope you had a great week. I'm subscribed to the podcast. If you want to actually talk with me about the LLC, go over to LLC, freedom.com/calendar, and a I'd love to speak with you about your business. All right. Talk to you soon.
It has been a LONG time since I recorded a new podcast. But I am back, and I am stronger than ever!Â
My LLC business is steadily growing and I am STILL looking to break into real estate.Â
If you want to book a time with me go the llcfreedom.com/calendar
Hello! I'm Chance Reynolds - AKA - That LLC Guy. Here's How You Can Follow Me everywhere to see how I'm building my businesses!
📞 Schedule A Call With Me - https://llcfreedom.com/calendar
🔈 Listen To My Podcast - https://llcfreedom.com/podcast
Join My FB GROUP: https://llcfreedom.com/groupÂ
Youtube: https://llcfreedom.com/youtube
Hello! I'm Chance Reynolds - AKA - That LLC Guy. Here's How You Can Follow Me everywhere to see how I'm building my businesses!
📞 Schedule A Call With Me - https://llcfreedom.com/calendar
🔈 Listen To My Podcast - https://llcfreedom.com/podcast
Join My FB GROUP: https://llcfreedom.com/groupÂ
Youtube: https://llcfreedom.com/youtube
Hello! I'm Chance Reynolds - AKA - That LLC Guy. Here's How You Can Follow Me everywhere to see how I'm building my businesses!
📞 Schedule A Call With Me - https://llcfreedom.com/calendar
🔈 Listen To My Podcast - https://llcfreedom.com/podcast
Join My FB GROUP: https://llcfreedom.com/groupÂ
Youtube: https://llcfreedom.com/youtube
Hello! I'm Chance Reynolds - AKA - That LLC Guy. Here's How You Can Follow Me everywhere to see how I'm building my businesses!
📞 Schedule A Call With Me - https://llcfreedom.com/calendar
🔈 Listen To My Podcast - https://llcfreedom.com/podcast
Join My FB GROUP: https://llcfreedom.com/groupÂ
Youtube: https://llcfreedom.com/youtube
Hello! I'm Chance Reynolds - AKA - That LLC Guy. Here's How You Can Follow Me everywhere to see how I'm building my businesses!
📞 Schedule A Call With Me - https://llcfreedom.com/calendar
🔈 Listen To My Podcast - https://llcfreedom.com/podcast
Join My FB GROUP: https://llcfreedom.com/groupÂ
Youtube: https://llcfreedom.com/youtube
Hello! I'm Chance Reynolds - AKA - That LLC Guy. Here's How You Can Follow Me everywhere to see how I'm building my businesses!
📞 Schedule A Call With Me - https://llcfreedom.com/calendar
🔈 Listen To My Podcast - https://llcfreedom.com/podcast
Join My FB GROUP: https://llcfreedom.com/groupÂ
Youtube: https://llcfreedom.com/youtube
Hello! I'm Chance Reynolds - AKA - That LLC Guy. Here's How You Can Follow Me everywhere to see how I'm building my businesses!
📞 Schedule A Call With Me - https://llcfreedom.com/calendar
🔈 Listen To My Podcast - https://llcfreedom.com/podcast
Join My FB GROUP: https://llcfreedom.com/groupÂ
Youtube: https://llcfreedom.com/youtube
Hello! I'm Chance Reynolds - AKA - That LLC Guy. Here's How You Can Follow Me everywhere to see how I'm building my businesses!
📞 Schedule A Call With Me - https://llcfreedom.com/calendar
🔈 Listen To My Podcast - https://llcfreedom.com/podcast
Join My FB GROUP: https://llcfreedom.com/groupÂ
Youtube: https://llcfreedom.com/youtube
Hello! I'm Chance Reynolds - AKA - That LLC Guy. Here's How You Can Follow Me everywhere to see how I'm building my businesses!
📞 Schedule A Call With Me - https://llcfreedom.com/calendar
🔈 Listen To My Podcast - https://llcfreedom.com/podcast
Join My FB GROUP: https://llcfreedom.com/groupÂ
Youtube: https://llcfreedom.com/youtube
Hello! I'm Chance Reynolds - AKA - That LLC Guy. Here's How You Can Follow Me everywhere to see how I'm building my businesses!
📞 Schedule A Call With Me - https://llcfreedom.com/calendar
🔈 Listen To My Podcast - https://llcfreedom.com/podcast
Join My FB GROUP: https://llcfreedom.com/groupÂ
Youtube: https://llcfreedom.com/youtube
Hello! I'm Chance Reynolds - AKA - That LLC Guy. Here's How You Can Follow Me everywhere to see how I'm building my businesses!
📞 Schedule A Call With Me - https://llcfreedom.com/calendar
🔈 Listen To My Podcast - https://llcfreedom.com/podcast
Join My FB GROUP: https://llcfreedom.com/groupÂ
Youtube: https://llcfreedom.com/youtube
Hello! I'm Chance Reynolds - AKA - That LLC Guy. Here's How You Can Follow Me everywhere to see how I'm building my businesses!
📞 Schedule A Call With Me - https://llcfreedom.com/calendar
🔈 Listen To My Podcast - https://llcfreedom.com/podcast
Join My FB GROUP: https://llcfreedom.com/groupÂ
Youtube: https://llcfreedom.com/youtube
Hello! I'm Chance Reynolds - AKA - That LLC Guy. Here's How You Can Follow Me everywhere to see how I'm building my businesses!
📞 Schedule A Call With Me - https://llcfreedom.com/calendar
🔈 Listen To My Podcast - https://llcfreedom.com/podcast
Join My FB GROUP: https://llcfreedom.com/groupÂ
Youtube: https://llcfreedom.com/youtube
Hello! I'm Chance Reynolds - AKA - That LLC Guy. Here's How You Can Follow Me everywhere to see how I'm building my businesses!
📞 Schedule A Call With Me - https://llcfreedom.com/calendar
🔈 Listen To My Podcast - https://llcfreedom.com/podcast
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Welcome to the entrepreneur like you with business attorney and entrepreneur chance, a daily podcast that brings you the best legal tips, marketing strategies, and storytelling tactics that will help you grow your business the right way,
killer ways to get new clients or to at least establish credibility right now is to have a facebook book group and facebook groups. Generally I'm there. There's facebook group courses like if you're trying to learn how to, how to build a facebook group. Those courses cost about a thousand to $2,000 and they are not all that great, so they're generally taught by somebody who created a facebook group in the very beginning of groups before people were in like a thousand different groups and they built it up and congratulations to them, but it's not that easy. As easy to do it now as it was before, a much easier way to use a facebook group to get new clients or to establish credibility, is to leverage someone's someone else's group who's already done the hard work of building a group. Now there are a couple of ways you can do this.
It depends on which industry you're in, but it's most common common and a internet marketing, but it's also pretty common in real estate as well. So there's some pretty big real estate groups and I'll just tell you kind of how, what I've done, so rather than building a full on real estate facebook group of my own, I went around to a couple of different facebook groups and just reached out to the admins of those groups and said, look, here's the solution I provide for real estate investors. Here's how I can help them. I'll give them a special rate on whatever I do. If you let me, you know, tell them about my solution in your group. About half said yes, about half said no. I'm the ones that said no. I then made a follow up offer and said, I will, you know, give you a, I'll, I'll give you an affiliate fee.
Essentially a referral fee if you'd let me kind of, not necessarily selling your group but provide a solution in your group. And uh, no one actually took me up on that. I was surprised. But it depends on which industry you're in. So in real estate, I guess it might've been afraid I was going to sell too much in their group, but ultimately if they were honest with themselves and they looked at the solution that I provided, that would be a great way to do it. So here's what I suggest. Finding a group that accurately represents your niche, your Avatar, your ideal customer. You go to the Admin of that group. You tell them what solution you provide in your business. And you just say, look, I have two ways we can do this. This is how I've worked with other facebook group owners. First way is you could help, you know, I provide such a valuable solution.
You let me kind of do this. I'm not overtly selling, but I'll provide special rate to people that come to me through the group. I'll give them like a free consultation or something like that. And then you, instead of driving people to a sales page, you drive them to a calendar, get them on the phone, talk to them, and then try to sell. And then you know, you close them that way. The second way that you can do it is that you just approached the facebook ad men and tell them that they can have a referral fee. Say every sale I make you can get, I dunno, 25, 5,100 bucks. Most of the time the people have the facebook groups specifically because they're trying to make money. So affiliate sales groups probably won't work because they're already running affiliate offers to their crowd, but you never know.
You just have to approach them and just ask them. Just say, hey look, if not, that's fine. No big deal. I'm not going to sell it here without your permission, but I have something that's super valuable to to you know your, your group. The reason that you have the group is to provide value to these people. This will help them. They'll, they'll trust you more if they, if you allow me to do this, and you could make a little money on the side too and just explain it that way. So that's not a sleazy way to do it. That's the. That's ultimately the best way to do it on facebook because that's a way to get free traffic, like instead of paying for ads, you can already kind of leveraged this group of people that are super targeted and be willing to charge them a little less because you don't have to pay that money to get the new clients you already know.
These are kind of warm, warmer warmish leads rather than just straight cold leads that you're trying to target on facebook. So I've had a lot of success doing that. I'm making probably, you know, half half of my clients come from from techniques like that, so try that. I, I guarantee you if you try and have group owners, you'll find somebody that it will work with. I mean you have to have a valuable solution, but if you don't have a valuable solution, this is also a good way. You know, I'll tell you what, if you do this and no group owners are biting, you probably don't have a valuable solution or you need to think about your solution so it can kind of work at two ways. Hope everybody's having a great week. I will talk to you guys tomorrow. Hey guys. Thank you so much for listening. I just want to say how much I appreciate everybody tuning in. I really, really appreciate it. If you're interested in actually speaking with me, one on one, jump over to llc freedom.com/calendar and grab a time from my hubspot calendar there and we can set a time to talk about your business. See what it is that you do, talk about, you know, what I do and see if there's any type of solution that I can provide to your problem. So that's llc freedom.com/calendar.
Hello! I'm Chance Reynolds - AKA - That LLC Guy. Here's How You Can Follow Me everywhere to see how I'm building my businesses!
📞 Schedule A Call With Me - https://llcfreedom.com/calendar
🔈 Listen To My Podcast - https://llcfreedom.com/podcast
Join My FB GROUP: https://llcfreedom.com/groupÂ
Youtube: https://llcfreedom.com/youtube
Hello! I'm Chance Reynolds - AKA - That LLC Guy. Here's How You Can Follow Me everywhere to see how I'm building my businesses!
📞 Schedule A Call With Me - https://llcfreedom.com/calendar
🔈 Listen To My Podcast - https://llcfreedom.com/podcast
Join My FB GROUP: https://llcfreedom.com/group
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Welcome to the entrepreneur like you with business attorney and entrepreneur surrender, a daily podcast that brings you the best of legal tips, marketing strategies and storytelling tactics that will help you grow your business the right way. It's not like gets
a, this is a huge, you know, news flash or breaking news that everybody doesn't already know. People don't like lawyers. When I first started to become an attorney and it's become more evident why this is over the last week. I talked about that in a second, but when I first was going to law school, I decided to go to law school. I had, I went to Phoenix, Arizona where I did my first year of law school. I had my truck shipped down there because I had to fly. I can't remember why. Why did that? Is that, uh, drove a u haul down there. That's why. So I had to have a pay somebody to, uh, basically tow my truck down to Phoenix when it got there a couple of days after I arrived. The Guy, I was super nice to him when he pulled up, I was like, Hey, what's going on?
You know, we were just making small talk and he was like, unhooked my truck in front of the house. And uh, he was asking like, what are you doing here? You're moving here, whatever. I was like, Oh, I'm going to start going to law school. He's like, oh, so you're going to be a scumbag. This is the guy hadn't even paid them yet. Like he's still waiting on my tip. He felt comfortable enough calling me a straight up scumbag, uh, within like two seconds of meeting me despite the fact that I was completely nice to him. Um, and I was like, wow, so this is, this is what's to come for how people feel about lawyers. And the more I have gone through the experience of being a lawyer in law school and dealing with people, I understand where a lot of that animosity comes from.
I think a lot of it comes from people that have been divorced. Mostly that's the main issue because there's an attorney on the other side that's just like in your eyes basically tried to destroy your life and um, you know, to the, to the divorce attorneys credit, like that's what they're not supposed to. They're not trying to destroy your life. They're just doing what they're legally required to do, which is get the best possible result for their client. Like they can't think about your situation. That's just how the legal world is laid out so it makes sense that people are going to like hate attorneys, especially in those that have gone through like those life altering, like life changing situations and uh, you've just had an attorney on the other side just like really railing on you and just say shit that maybe you'd think is not true about yourself and messing, messing up your situation with your kids.
And I mean ultimately like it's not necessarily the attorney's fault that everything got messed up, but that's a good person to like point the finger at, at the end rather than, than taking a hard look at yourself. That's kind of what I think happens. People look at the attorneys and think they want to point the finger there instead of instead of really looking in the mirror at their own situation, but the attorneys have responsibility in that as well. But this week, man, not a good week for attorneys. This, there's the, uh, just all the bad things that are happening with attorneys right now in the news. Where do Rudy Giuliani who's just kind of just a disgraceful human being generally I'm just out making a fool of himself like over and over, just straight openly just lying about everything that he could possibly lie about. And this isn't anything politically motivated that I'm saying.
It's just watch what he's doing, watch what he's saying. Everything he says is that a trick back and forth and he's just willing to say whatever to get on TV. He's Kinda just, uh, just, uh, attention, thirsty, just a bit of a scumbag a little bit and I think everybody sees that. And on the other side of that is the store stormy Daniels attorney, just so you don't think I'm like a picking sides here, Michael Avanti, who's even worse. The Rudy Giuliani. I'm just out for himself not giving a damn about his client whatsoever, both these people just out for to push their own agenda. And then of course, uh, trump's attorney, Michael Cohen, who, who's been getting terrible news every week about just some of the dumbest stuff you could possibly do as an attorney, like just that you could be this dumb, like recording your conversations with potential clients and stuff.
It's just one of the things that if you go through law school, you should know better. I mean just any human to somebody who just watch us, you know, um, law and order with no don't record confidential communications with clients just so dumb. Such a dumb thing to do. He's possibly, he deserves to go to prison just for that alone, forget like anything to do with politics or trump or anything. Um, and then of course the super racist rant by the New York attorney that it turns out if you didn't see this. So the guy was in some sort of restaurant, I'm not sure but, but to people in the restaurant were speaking Spanish. I think it was an employee at the restaurant and a customer and uh, this, this attorney just like really went off the rails and Andy was just saying a bunch of racist, terrible things like, not even that, that uh, they were like based in any reality makes me think maybe this guy is mentally ill.
I mean clearly he's probably mentally ill. So it's like you kind of feel bad for the guy and in a sense where it's just like you most likely just need to be like on a serious dose of meds. But, uh, I don't know how old this guy is. I haven't seen like what, what demographic he comes from. But I got to tell you, this is not something that, that surprises me at all. Like go into law school with some of these people. It was, you, at least I thought going into law school was going to be kind of surrounded by somewhat of at least half and half. Like social justice driven people that what they cared about was getting social. But social justice for people in the law was something that was a important to them. But it never turned, it was not like that at all.
It was just like a bunch of a super rich, super insulated, white privileged. And I say white comma privilege. Not like white privilege, but maybe both, but just privileged bunch of assholes for, for the most part. That's how I felt about it. So when I see this sort of behavior depicted in the media and I see people just like lawyers are scumbags, I'm like, well, we're doing it to ourselves here. This is not a good look for and for good reason because the type of people that are going on and becoming attorneys for a lot of, a lot of the time are not the most well rounded people. And they, a lot of times get strapped with a lot of debt so they have no choice to but to be money hungry. I understand that aspect of it as someone who's strapped with a lot of debt from it.
But, uh, it's no excuse for, for just like self aggrandizing, um, at the, at the detriment to your client and at the detriment to a attorneys just in general, like what their, what the public reputation is of an attorney and I don't really care that much about attorney reputation collectively. That's not really something that I think about or care about. I'm not even involved in any attorney networking stuff. I don't even know that many attorneys. Like I said, like most of the people I went to law school with, I didn't like them. I thought they were assholes. They were much younger than me. I was a little bit older when I went to law school, so they're off like, you know, at the bars and at the golf course and stuff. I had a kid when I was in law school, so I was just like hanging out with my wife and kid and a couple of people from law school that I got along with.
But uh, not a good week for lawyers. It's unfortunate the head, these are the type of people that are representing me and when people meet me and they've learned what I do, this is what's in the back of their head or like these four people that I've talked about, so I don't know nothing to do really with the entrepreneurship today, but just be a good person. Just be a good. Hey guys, thank you so much for listening. I just want to say how much I appreciate everybody tuning in. I really, really appreciate it. If you're interested in actually speaking with me, one on one, jump over to llc freedom.com/calendar and grab a time for my hubspot calendar there and we can set a time to talk about your business. See what it is that you do, talk about, you know, what I do and see if there's any type of solution that I can provide to your problem. So that's llc freedom.com/calendar.
Hello! I'm Chance Reynolds - AKA - That LLC Guy. Here's How You Can Follow Me everywhere to see how I'm building my businesses!
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Hello! I'm Chance Reynolds - AKA - That LLC Guy. Here's How You Can Follow Me everywhere to see how I'm building my businesses!
📞 Schedule A Call With Me - https://llcfreedom.com/calendar
🔈 Listen To My Podcast - https://llcfreedom.com/podcast
Join My FB GROUP: https://llcfreedom.com/groupÂ
Youtube: https://llcfreedom.com/youtube
Hello! I'm Chance Reynolds - AKA - That LLC Guy. Here's How You Can Follow Me everywhere to see how I'm building my businesses!
📞 Schedule A Call With Me - https://llcfreedom.com/calendar
🔈 Listen To My Podcast - https://llcfreedom.com/podcast
Join My FB GROUP: https://llcfreedom.com/group
Youtube: https://llcfreedom.com/youtube
Welcome to the entrepreneur like you with business attorney and entrepreneur chance read a daily podcast that brings you the best legal tips, marketing strategies and storytelling tactics that will help you grow your business the right way. So
I slow slacking on the podcast this week. I think this is only the second live recording I've done for the podcast this week. Maybe the third, I'm not sure, but yeah, it was just a little bit under the weather. So sorry about that. But it was still a good week. Um, I was at the office a lot less this week so I kind of had less things to talk about, but business was about the same. I think I sold maybe two less than I did the previous week, which, you know, of course I'd have rather have sold two more. But considering I was only at the Office for about 25 to 30 hours this week and uh, was in bed like most of the time. Um, that's still pretty good. So mostly what my sales came from this week, just doing a little bit of a weekly wrap up again where the facebook lives, when I do the facebook lives, which only think I only did one or two this week.
Um, direct correlation with sales when I talk to people and ask them, you know, how'd you find me? They say I am pretty sure I saw facebook live somewhere that's almost a hundred percent of the time. What happens? They never know where it is unfortunately, or what it covered. But, um, that's how they come across my calendar and that's how I close them is on the phone. So really still loving that method. I'm not, I'm not seeing any downside to pushing them to the calendar other than that it takes time. But as I slowly start to build my email list by people go into the calendar. So if you don't, if you've never used an online calendar, um, essentially like you can just set up what type of questions you want to ask in order to set an appointment with you. And I asked for phone number, email name, and um, ah, I think that's all that are requiring and I them to tell me, you know, their name of their business as well because that's just on my crm, which is how I store, how you store information about your leads.
Um, that's just one of the headings but I don't require that. So the main things I want to know where your name, your phone number and your email. Um, yeah, so that, that's what I do. I get, grab that information and then um, at some point, very soon, you know, in like the next four or five months, I'm going to have probably a couple thousand email addresses of, of really highly targeted leads even if I don't sell any loc. So those leads I will have other things to other solutions to them. So I'm by getting on the phone, the biggest benefit of getting on the phone with people is that you see what else they want. So obviously they all want [inaudible] but then there are other issues that they need solved. And for me, the main thing has been there, just like a, what do you do for taxes?
Like can you help people set up their tax structures, give consults on, on people how, how people can do that. And uh, I don't as of right now but just getting asked that. So this last, this week I did something where I just asked like if I had that solution, would you pay me to solve that problem for you? And then every single person I asked that too was just like, yes, I would do that, especially in the real estate niche. So I was like, man, I need to solve this problem because when I'm not selling people on the phone, the main question they have is, um, the main thing they say is like, OK, let me talk to my accountant and then I'll get back to you. And I'm guaranteeing you when they go to their accountant, they're essentially taking the knowledge that I've told them and then they're just paying their accountant to set it up probably for twice as much as what I would do.
But it's just, they know that person, that person is already doing their taxes, so they feel like it all needs to be done in the same place and I don't blame them, like that's a smart move on their part. If their, if their CPA will do that or there were accountants, whether we'll do that for them. So that's the biggest hole I see where people want that. They're looking to me for that information. And I have before just been saying like, I'm not a CPA, I'm not an accountant. Like I hate it when accountants give legal advice so I'm not going to give tax advice. But I think I've decided I'm just going to learn how to do the tech side, um, or hire somebody that does and just launch at a different aspect of my business that does that accounting for people as well.
And probably maybe a higher level tasks consult. So pretty much made that decision yesterday. Talked with some, some potential business partners and just told them kind of what I do and the the gap that I need filled for my customers and what, what the, what the problem is, how, how we can solve it and essentially it's just like I need to learn it and I know a lot about it, but there are some holes in my knowledge. So as I normally do, I will be getting a course on how to learn this on how to do the tech stuff. I don't think it's really all that complicated. I'm already know everything for the contractual liability side for, for the [inaudible] art. So I'm going to have a huge edge on other other accountants that don't understand that which to me is maybe one in [inaudible] gets that side of it and I'm sure they look at attorneys and they're like only one in [inaudible].
And understand the tax implications. And I'm definitely not one of those one in 10 right now, but I hope to get there. So I'm going to be looking to provide that solution all every sort of accounting solution. So it's going to be. If it's as simple as bookkeeping all the way up to, you know, the highest levels of tax tax strategy for people that are wanting to, you know, sophisticated things with like self directed Ira's and retirement plans where you are getting significant tax advantages by using trusts, Iras, things like that. I know a lot about the trust side of it. People have started to ask me a lot about the era of the self directed Iras, which if you don't know about that, it's just, it's just like a 401k essentially. I'm, I'm talking about those four are really know that much about it.
So if you do know about it, I'll probably sound like a complete idiot, but the biggest broad strokes or that it's essentially like a retirement plan where you choose what to invest, the money that is sitting there at a lower tax rate because it's not realized income in for a certain number of years and so you can invest in real estate if that's, if you would like to do that more than like investing in startups or something like that. So it's self directed. That's all it is. You're just not trusting a third party to make all of the investment decisions for you. You are making the decisions essentially yourself. That's the broad strokes of it. Don't drive me emails. Talking about how little I know about it because I'm openly admitting I don't know that much, but people ask me about that. So I guess that's a common thing.
So I want to know that, you know, I want to know how to solve the problems and getting on the phone has been a huge benefit to me for that because you're talking directly with people and you see what their problems are and at first it kind of annoyed me like, I don't do this. Call your accountant. I don't do this. Call your accountant. I've said that so many times and a half. The people are like, I will call my account and you know what? I'm just going to hire them to do this instead of you. And I would rather them hire me to do it. So that's something I need to add. This is, you've got to get the people what they want, and I didn't even have to ask them. They asked me, so they're telling me I want this, and I said, OK, if I provided this, would you buy this llc right now and buy another service?
They're like, hell yeah, we'd be extremely interested to keep that all in house because they've already spent the time to talk to you and get to know you. You already demonstrated your value. So when your, when your clients or customers say they want something, even if you can't turn it into something profitable in your business, you better, you know, Phillip, that, that need, that desire for them or somebody else go going to and um, they're going to take your business. So that's the theme of the week is figuring out how to, what the problem is. That is the next step for my clients and then solving it. So the step one, but what's next? And that's their check. They're protected on their contractual liability, but how are they going to save money?
Hey guys, thank you so much for listening. I just want to say how much I appreciate everybody tuning in. I really, really appreciate it. If you're interested in actually speaking with me one on one, jump over to llc freedom.com/calendar and grab a time from my hubspot calendar there and, uh, we can set a time to talk about your business, see what it is that you do, talk about, you know, what I do, and see if there's any type of solution that I can provide to your problem. So that's llc freedom.com/calendar.
Hello! I'm Chance Reynolds - AKA - That LLC Guy. Here's How You Can Follow Me everywhere to see how I'm building my businesses!
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Welcome to the entrepreneur like you with a business attorney and entrepreneur chance, a daily podcast that brings you to the best legal tips, marketing strategies and storytelling tactics that will help you grow your business the right way.
It'd be talking about this inner circle course that I'm in right now at somebody straight up a course, but it's like mentoring. It's kind of a cross between us mentoring, coaching and a course, honestly, like there's homework and things like that, which I, you know, I can handle a little bit of homework. It's fine with me. So the course that I'm talking about is the Jordan Stanley pain, inner circle marketing, real estate marketing. Um, but it doesn't have to be real estate like it applies to everything. For example, when I first started, uh, learning from Jordan, I took the first couple of steps in his real estate investment strategy for marketing and I applied it to my old seed business and it blew it up. Biggest month I had was in April. And it's no coincidence that I started using his tactics at the beginning of the month and that really like blew my business up. So this is a little bit more in depth than that.
One of the first things that we did was write a letter that explains who we are in relation to who our clients are. So it's basically like the ideas that traditional marketing for real estate, it's just like, Hey, I want to buy your house, call me, I buy houses in your neighborhood. Like I'd like to buy your house. Just telling them what you do rather than telling them who you are. And since it's kind of a copywriting course, the first assignment was to tell them, you know, why we do what we do and who we are. So it's just like writing a little story and Oh my God, I just can't even imagine. I haven't started really doing any marketing and real estate, um, traditional marketing, like reaching out to people directly, but looking at what people are sending compared to what Jordan's stanley pain is suggesting that we send. It's, it's not even in the same realm. It's a complete game changer and he's just like, forget,
you know, general generally speaking, if you speak since one 10th of what you normally would send and then just talk directly to the people that you're talking to and you'll have a higher conversion rate. So instead of sending 25,000 pieces of mail, you know, send 100 really targeted pieces of mail that are like, hello Suzanne, here's like, what's important to me about real estate investing, you know, I'm, I'm sorry that you're going through what you're going through, but I can help you get out of it. Call me. They're much more likely to call you in that scenario than just like a I buy ugly houses postcard, which is most people send. So it's definitely some kind of a game changer and I'm pretty super excited about that since I started using his methods. Like I said, I've made at least one sale per day in my business.
I mean at a minimum I'm just off of and no paid traffic, no paid traffic. I'm thinking about dabbling into a little bit more paid traffic this week because my calendar is slowing down, but even when my calendar slowing down now I'm still closing, you know, making sales from people that I talked to one week ago, two weeks ago, people that I thought were were gone and it's like because I'm following up with them just eventually they're getting their stuff together and then they're just clicking the link that I sent them like two weeks ago. So I don't put any sense of urgency on the link or anything like that so they can eventually buy and it's working. It's working really well. I think most of my clients are happy. I've had only one refund, which I talked about on here when angry mom call one refund.
So that's a pretty good, pretty good stats so far this week. I am obviously like moving a little bit more through the real estate stuff, but I am going to try to add some accounting solutions for my clients because every single client I've talked to has accounting questions and I'm just telling them like, go find an accountant and that's just not a good solution for them. And a lot of them, if I could say yes, I have an accountant in house that can help you with your s Corp stuff. Um, it's this additional, you know, $700 a month or whatever, uh, to keep your books and all that stuff. That would probably be pretty likely to just by. I asked the lady yesterday just straight up, like, if I had a solution like that, would you buy? Would you buy it? She's like, I'd be extremely interested.
She stopped short of saying like, yes, guaranteed. But she's like, I would at least by the LLC right now, knowing that I had somewhere to turn with those questions and the ongoing filing stuff is a big deal. It's a big, big deal. And so I've, I've found a company that might be able to help me provide that solution and just really help my clients a little bit further down the road and then on an ongoing basis so I'm not just worried, you know, not just having to just take on tons of new clients. I can keep it smaller, I don't have to worry about taking on making, you know, several llc sales every day because I'll have ongoing income with the current clients that I have. So just nurturing those relationships that I already have long term rather than just playing the short term numbers game.
So I'm thinking about doing that. Get to talk to somebody hopefully today about that. Let me know what you guys want to hear me talk about because I'm doing a lot of different stuff and I don't know what's the most interesting to me. I think the LLC stuff is probably the most helpful, um, not necessarily teaching you about the LLC but, but showing you what's happening in my llc business because it's probably the most likely sort of similar product, what you might be selling as far as price range and the tactics that I'm using there, um, are working the best of anything else. I haven't really done that much real estate. Uh, I've talked about on her why that is. I obviously haven't started doing the accounting stuff yet, but to me that's just tying into the llc stuff so that, you know, if, you know, Russell Brunson is kind of a value ladder, uh, trainings where it's like you start with one product and then you send people up through it.
Um, the lcm starting, I used to think it was the, the end game. Like I just needed to get people and then I'd sell them and we'll see. And then the bigger money in it was the long-term registered agency stuff and that was the business. Now I'm starting to think that the LLC is not actually be the front end. That might be where they're coming in and that might be what's called a trip wire offer, like they're getting the LLC and that's just the beginning, really the highest thing, you know, the next step up is the accounting and the bookkeeping and then the highest part is like, you know, some sort of like large course. Um, that's, that's helping them, showing them what I'm doing in my business, something like that. I'm not sure. I know the next step is probably going to be some sort of accounting solutions.
So let me know, like, just reach out to me, um, llc freedom.com/calendar. If you have any questions about the LLC specifically and uh, you know, I just want to know what you guys want to hear. Hey guys, thank you so much for listening. I just want to say how much I appreciate everybody tuning in. I really, really appreciate it. If you're interested in actually speaking with me one on one, jump over to llc freedom.com/calendar and grab a time from my hubspot calendar there. And, uh, we can set a time to talk about your business. See what it is that you do. Talk about what I do and see if there's any type of solution that I can provide to your problem. So that's llc freedom.com/calendar.
Hello! I'm Chance Reynolds - AKA - That LLC Guy. Here's How You Can Follow Me everywhere to see how I'm building my businesses!
📞 Schedule A Call With Me - https://llcfreedom.com/calendar
🔈 Listen To My Podcast - https://llcfreedom.com/podcast
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Welcome to entrepreneur like you with business attorney and entrepreneur chance, a daily podcast that brings you the best legal tips, marketing strategies and storytelling tactics that will help you grow your business the right way. The first time,
of course I ever took on online business was called Internet business mastery. It's just the names of all the internet business to have so, but I know I talk about a book that I love on here called expert secrets and there's another book by that same author, the author called Dotcom secrets and it's cheesy the names or cheesy, but they're pretty beneficial. Internet business mastery was a super-duper beginner course. I got turned on to it because of a guy named Pat Flynn, who does he kind of teach people how to do affiliate marketing, that that was what he was teaching people when I first found them and he teaches people how to, how to create podcasts and stuff. That's how I learned how to do my first podcast was through his free youtube videos and I don't listen to a much anymore because a, I dunno, I dunno.
I just, he's, his persona doesn't fit me as well as some other people that uh, I've got turned on to now and some more personal branding's focused things than affiliate marketing things, but so in, in internet business mastery, and one thing that Pat Flynn teaches and a ton of the older stuff, I don't know if they're still teaching this, is that, uh, one of the first things you have to do is create an Avatar for your perfect customer. So that just means like Phillip Finding out who you want to serve and literally like, you know, finding a picture of a, of a male and a female posting up on a board, a creating like demographic info for them. Like what's their age? How much money do they make? What type of clothes do they wear? What a religion or that you want to try to think about every single thing that you can.
Because when you, the ideas that like, once you know who that person is, then you can like speak directly to that person instead of it just being so speculative of who's going to be your customer. And I always thought that was a bunch of bs and I never fully went in on it when I, even when I did the Internet business mastery course, I learned a lot of stuff about how to plot out social media and use social media for your business. That was kind of the main benefit of that. And I still use some of the tactics and stuff from that course today. But, uh, the avatar stuff I never really bought into. But right now I'm doing this course with a guy named. It's not even a course, it's like coaching kind of from a guy named Jordan stanley pain. I've talked about him a lot on here recently because he's the one whose methods for real estate and an investment really helped me do in personal branding stuff for my llc business.
And I'm still still learning on the real estate a front. And I still plan on doing that. And it's something that I'm actively working on and I'm gonna probably be doing that with a business partner. But we're running into some issues. I have extra issues of launching certain businesses because of the fact that I hold a license with the state, so when you hold some sort of license with the state in exchange for them letting you practice, you know, in whatever profession it is that you have to be licensed and you have to adhere to some extra guidelines, ethical guidelines, so everything takes a little bit longer unfortunately. So that's why I've been talking about doing this for so long and it still isn't happening. It isn't because I'm not taking action. It's because I have to really negotiate with them and deal with them and figure out like, what's, what's allowed, what's not, what's on the table, what's off the table.
And it just, it's time-consuming. It's extremely frustrating, but at the same time I get to do a lot of stuff that other people don't get to you. I'm not complaining about it. It's just something that takes a long time. Um, which is unfortunate. So my son says all the time takes a long time. That's how I feel. But I'm dealing with the State Bar Association. So that's why a lot of real estate investors just side note, don't want to get a licensed as you know, real estate agents because once you have that license, it restricts what you can do. It allows you to do some other things, but if you're just looking to invest and that's it, you're not looking to like middle deals for people. If you're a real estate investing, you'll know, you'll know what I mean, that you don't want to have that license sometimes because it can kind of put the handcuffs on you in certain situations where you can't share fees, you can't accept fees certain ways. And I'm in that same position as an attorney where I can't, you know, talk to the same clients, uh, on the legal side that I'm going to have on the real estate investing side. Like once you've talked to her about one thing or the other than the other businesses that you have are off the table. So it creates this weird situation. Like with my [inaudible], this is a huge tangent, but with my old sees, a lot of times people want to follow up and get some other legal issue handled and I can't mix those two businesses
for ethical reasons. I'm not going to go into exactly why it does actually make sense. When you look at why the state bar tricks it, it's like, OK, yes, if you represent the resident attorney, you're not likely to sue yourself at another business or something. You know like how they look at it as that. It's just a conflict of interest. Regardless when you create a customer Avatar, they weren't way off the rails, but when you create a customer Avatar
you really can open up what type of copywriting you're doing and that's something I'm learning from Jordan Stanley pain and I've always thought it was bs that I've heard a lot of the gurus there split about 50 50 and you know the ones who had been doing it a long time. I think they're on the side of creating avatars, the ones who hit pay dirt and like knocked it out of the park with the Webinar that made them a million bucks right out of the gate. They, you know, a lot of them didn't create the Avatar and so they just followed a script and it worked and they are just like, you don't need an Avatar, but most businesses aren't going to, are going to operate like that. You have to operate for the long-term. So creating an Avatar is helpful. I've noticed just from like two days of being in the what's called the inner circle with Jordan.
Stanley Payne another kind of like cheesy name, but that's just the way that Internet marketing is this cheesy names. So yes, creating an Avatar is just looking at every possible way, every, every possible detail of the person that you're going to be speaking to you. And then you can literally create your ad copy, like as if you're speaking to that person directly, like they're sitting there in front of you. What would you say to them? You know, and it helps you to sell to them and speak to them and just solve their particular problems. So ultimately that's what you're looking to do with an avatars, figure out who they are, all these issues that they're facing and how can you solve those problems for them. So I do. I fall on the side. Now if have definitely creating a customer Avatar, I think that's super duper important. It's one of the first steps that you should take when you create your business. Hey guys, thank you so much for listening. I just want to say how much I appreciate everybody tuning in. I really, really appreciate it. If you're interested in actually speaking with me, one on one, jump over to llc freedom.com/calendar and grab a time from my hubspot calendar there. And uh, we can set a time to talk about your business, see what it is that you do, talk about, you know, what I do, and see if there's any type of solution that I can provide to your problem. So that's llc freedom.com/calendar.
Hello! I'm Chance Reynolds - AKA - That LLC Guy. Here's How You Can Follow Me everywhere to see how I'm building my businesses!
📞 Schedule A Call With Me - https://llcfreedom.com/calendar
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Hello! I'm Chance Reynolds - AKA - That LLC Guy. Here's How You Can Follow Me everywhere to see how I'm building my businesses!
📞 Schedule A Call With Me - https://llcfreedom.com/calendar
🔈 Listen To My Podcast - https://llcfreedom.com/podcast
Join My FB GROUP: https://llcfreedom.com/group
Youtube: https://llcfreedom.com/youtube
Welcome to the entrepreneur like you with business attorney and entrepreneur chance renting a daily podcast that brings you the best illegal tips, marketing strategies and storytelling tactics that will help you grow your business the right way. Maybe a
time when I would try to run specials, like try to run a special offer for a day and I would offer something crazy like back then I would seriously offer an llc for like $50 and I wasn't acting at the registered agent back then so I could do that. Now. The fact that I have a partnership where I act as registered agent in all 50 states, I can't charge that little. Like I literally, I would actually lose money if I did that because I have to have a business partner, so not like all $50 comes to me, but back then I would, I would gear up, I would plot out these offers. I would make all these videos and then I would run them as ads and it would just be crickets and I'd be like, I'm going to make, you know, at least a couple hundred dollars is when I first started my business, um, first started trying to run paid traffic to my business and I would, I would create, I would get these gifts ahead.
A buddy of mine, Robbie Hurst, who was a WHO's a videographer and has, I mean he's more than a videography is like a, like just really good with everything media. He's very media savvy. He has a degree from a baylor and some sort of filmmaking. But I mean he's like a straight up actual film maker. And he taught me how to. I was thinking I needed all this fancy equipment and he taught me how to use, um, what does it movie to really easily do a couple things that take your crappy video to be like not as crappy. I mean, it's still crappy compared to like something he would do, but it's like rather than having to hire somebody to do it, it takes you like five seconds. Sexual kind of fun. It's like I record now. I like I movie so much from a couple of things that he taught me.
I record my podcast every day on a movie and then I export it out as audio. Like a movie is awesomely powerful. Um, but I, I would, I would create these offers. I would put them together, put so much thought into. I think about it for two, three days, oh I'm going to do this and then the reaction will be this and then I'm going to grow my email list like this and I'm going to have these sales and then I'll try to upsell them something on the back side so I can like stay profitable and none of that ever worked. Like maybe you would get a couple phone calls here or there. But I was working so much like on, on like building funnels and the website and stuff. Like getting on the phone wasn't like really an option for me and I didn't feel like that was going to be a vital part of my business because I looked at businesses like legal zoom or somebody that does something similar who I'm trying to like, you know, my goal as I've said on here is to like be bigger than legal zoom. I know that's not ever gonna happen, but that's reaching high. Knowing that I'm probably not ever going to attain that. But having that in the back of my mind, like if I don't want to take one more call, I'm like, if I don't take that call where they're going to go to my competitor.
Yeah.
And looked at what they did. I thought I was good. Everything was going to be completely automated. Like how they are, what the most important thing was that I had a great website that could, was dynamic enough where it could include all the options that they needed. And then I just realized like, no, I'm fighting against that. That isn't working for me. I ran all these paid traffic. So, you know, brand paid traffic to it. I had a crazy low offer and it just didn't work. I was like, what the Hell is going on? And you know, I read tons of books about personal branding and Gary v I read his stuff and listened to tons of his stuff and Russell Brunson who,
he gets a bad rap but. But his whole thing is just about personal branding and him and Gary v or like really, really similar with what they do. If you look at like what they're doing, they don't say the same things. Russell brothers is like super religious, so he's not like as blunt and he's not really kind of like a self help type motivator like motivational speaker the way that Gary v is. But if you read their stuff and you watch what they're doing, um, they're essentially doing the same thing. So it's just personal branding. But personal branding is scarier. It's like you want to think when you're in business like that, you could just create a bad-ass facebook campaign that's going to grow your business and you see people that do that and it's awesome for them, but, and I'm jealous of that for sure, but at the same time like there, there, you probably don't see how long it took them to be able to do that and probably they were doing personal branding stuff for years before they got to that point where even though they're driving cold traffic, it's not really cold because everybody in that arena knows who they are and they have a way of warming them up.
A couple of different ways of warming him up that are, that are super creative. Like after they pushed that paid traffic, like webinars really kinda like warm people up. If you have the right price, product makes sense to do it that way. But for me right now, don't think though I don't have really a info product, so webinars isn't really gonna work. The best way for me to educate people's. Just sit down and answer their questions because a lot of people know a little bit about a lot of different pieces of the LLC and it's just one specific thing so they're not going to be interested in watching a whole webinar on [inaudible] cause I don't know what piece they need to know, but it all changed. Restaurant or personal branding and all this is a long story of just telling you, you know, I had a lot of success with a with an offer I ran yesterday just straight up off my facebook page.
I didn't have to like run any ads. I didn't make 10 grand or anything like that, but I did set out a goal to, to, to give away, give away to sell five lcs for $97. Like just as the first of the month. People are broke first five people that reach out, like I'll set up your little. I've done that stuff before and got no response. Like nobody bought one now I did it and they all got snatched up and it's because of the personal branding stuff that I've been doing facebook lives every day and every person I talked to him is like, he had seen you like on a facebook live and I thought I need to probably do this and then I saw your offer and I was like, I better jump on this. And I was like, perfect. Like that is exactly how you want it to work.
That's exactly why you do the facebook lives and the personal branding stuff so people know, like, and trust you. And then when you give them an irresistible offer, they take it. I mean, I'm not going to do everybody's all say for $97. That's insane. Like there's just no, it's not sustainable by any means. Even at one 97. Um, that's rough. Like as far as like how much money I'm making for the time I'm spending, but I'm just building this business. And in the beginning I know I'm not going to make like a ton of money, but I'm going to help a ton of people. And I've had the choice of doing one or the other in the beginning of my business. I would help more people and make less money. Um, I think long-term that's a better play. Um,
yeah, that's what I think money is important. We need money to like live and it's, I'm not against making money by any means. I want to make money. I want to make a lot of money. You know, like when I look at my future, I hope I have financial security. That's why I want money. I want to be out of debt. I want to, you know, own everything that I have outright. I don't want to owe anything to anybody that's ultimately kind of the goal. But uh, right now like it doesn't matter if I charged two 97 or 97, neither one of those is going to complete that. You're going to get me closer to that goal. So I'd rather like help the people, which is the mission of LLC freedom. No, not lose money. Make a tiny bit of money, build up trust, show people that I am worthy of, you know, their, their business.
And know, like, and trust me because I am honest and I'm doing what I'm saying when I'm not using like false scarcity tactics like the girl and everybody else has to go to the [inaudible] at 97. I see people that do the false scarcity. They're like, I'm going to do 100, you know, when to give away a hundred tee shirts for free. And then immediately they're like, oh, they all got snatched up. OK, there are five bucks. Really. Like they didn't give away for free. They're just like charging everybody the shipping. Um, so yeah, it was a good good day. I haven't run this the first time. I've run like a super reduced offer like that
ever to any success. And I think that's a good sign because I didn't have to pay for it. I'm doing it still doing it through my personal facebook profile. At some point facebook might be offended by that and say I have to do it through a business page, but until then I'm going to keep doing what I'm doing. I suggest you do to Max out your facebook. I know this gets stigmatized, but you should max out your, your personal facebook profile to as many people as you can and then start showing them that you're valuable and then let them know of what your offers are and make those offers irresistible. And, uh, you, you're, you can grow your business and your brand that way. That's what's going on with me this week. Hope everybody's having a great week. Talk to you soon. Hey guys. Thank you so much for listening. I just want to say how much I appreciate everybody tuning in. I really, really appreciate it. If you're interested in actually speaking with me one on one, jump over to [inaudible] dot com slash calendar and grab a time from my hubspot calendar there and, uh, we can set a time to talk about your business, see what it is that you do, talk about, you know, what I do, and see if there's any type of solution that I can provide to your problem. So that's llc freedom.com/calendar. OK.
Hello! I'm Chance Reynolds - AKA - That LLC Guy. Here's How You Can Follow Me everywhere to see how I'm building my businesses!
📞 Schedule A Call With Me - https://llcfreedom.com/calendar
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Welcome to the entrepreneur like you with business attorney and entrepreneur chance reynolds, a daily podcast that brings you the best legal tips, marketing strategies and storytelling tactics that will help you grow your business the right way.
Today is the first day of the month and the first day of the month. Always. It's kind of a huge eye-opener because a lot of money gets trapped it out for a lot of different things. You know, like obviously like rent everywhere is, do office rent is due. Um, I have a storage unit that I say every month I went to clean out because it's a pointless expense and that's like 200 bucks a month and its, you know, then there's like website building software that uh, the monthly charge comes out on that and it's just like, holy crap, like that are just so many. Like auto drafted funds that come out at the beginning of each month. And I've been talking about on here how April was, was by far my most successful month. But then I look at my bank account at the beginning of the month and you're just like, OK, gotTa, build it back up, get up, get ready for next month.
Like one of the biggest expenses that we have is just health insurance. That's something you've got to think about when you're an entrepreneur is that you're not really able to rely on kind of cheaper health insurance right now in health health care, health expenses are some of the most expensive. That's one of the most expensive things on earth to deal with. Um, that's why it's so important to have health insurance. But that's also like one of the reasons that health insurance sucks so bad because it's so expensive and most of the time, especially for an entrepreneur, you're on the cheapest possible plan if you have a family and it only covers hardly anything. It's just there in case of like you break your arm and you have like, you know, $20,000 hospital stay or some crazy thing, which isn't that hard to get to. Like it's doesn't take that much to get to stay in the hospital.
But that leads me back to kind of why the [inaudible] when you're dealing with real estate is so freaking important because when you have tenants on a property, like you own a piece of property and there's somebody renting that piece of property, those are human beings in that house. And I talked about this with somebody yesterday. She called and was like, do I need a separate llc for this one aspect of my business versus this other aspect. One of the, one of the sides of our business was buying and holding real estate and putting tenants in there. I was like, look, everybody's different. It's all about how much risk you're willing to take. But here's an example of, of how the type of risk that's associated with having tenants in the house. Human beings are very fragile and very, um, opportunistic sometimes. But that's not even really what it's about.
It's not about like scumbag lawyers or something like drug dredging up a case that against your, your, your business or your or you personally. If you don't have an we'll see a just to make some money. A lot of times that's because people have medical bills, medical bills are expensive, and there's not really a great way to get a break on it like you're getting billed by the hospital. If you go to the hospital, maybe you have some way to pay those bills, maybe you have insurance, maybe you don't, but a lot of times people don't, or insurance companies don't pay or they're looking for some way to just get themselves out of like a $10,000 hole, which can happen real quick with medical expenses. So somebody slips and falls. This is an example we talked about. Somebody slips and falls on the, on the ice, despite the fact that that's not your fault as the owner of a house.
Um, it doesn't even have to be somebody that lives. There could be just some kid walking to the bus stop or something. Somebody slips and falls and breaks their arm. That's a lot of money for them to get that fixed. You don't know their situation. You don't know what their insurance company is going to do. You don't know how much that hospital is going to charge them. You don't know if they have some special circumstance where they get their bones broken, especially easy. There's this rule in a civil law tort law that's called the, I think it's called the egg shell. What is it? I can't remember the actual t, the, the nickname of the rule, but the rule means this. You take the, the injured party as you find them, meaning like if they have some special disease where every time they fall down like the guy and unbreakable, they break every bone in their body.
You can't say, well, that's like a weird circumstance that we shouldn't have to pay for that because that's an odd circumstances. Does that person know that's that person's situation? And if they fall and break every bone in their body just because they slipped on some ice and just tumbled off one stair or something like that, uh, that. And you lose that lawsuit, you're still responsible for all those bills. So it's, I really don't use scare tactics in my marketing or when I'm talking with potential clients or people that want to get an llc set up that are asking me questions about how lawsuits can come about. Um, I'm just, that's just the honest truth of what can happen. This is not some random situation that I've made up that stuff happens every day. The courts are so full with litigation and lawsuits that they force people to try to arbitrate first because there's so many cases that came and handle them.
That's like everywhere around the country lawsuits or one of the ways that we settle grievances in the United States. It's not that it's like slime ball attorneys are slimeball opportunistic, a tenants or whatever. It may be somebody slipping and falling in a grocery store or something like that. It's not that there's, they're out necessarily always to just get an opportunity or it's always some frivolous bad thing that they're doing. One of the time. It's just, that's the only option they have. You have to look at it from their perspective. Like medical bills are expensive, so you need to protect yourself. They're just trying to protect themselves. Lawsuits are how we recoup money, how money changes hands in this country, like it or not, that is just the way that disputes get settled here. So I mean, we're not like using, you know, 15 paces turnaround engine and dual or something to shoot each other lawsuits or a civilized way to do it.
And uh, I don't know of any better way to do it unfortunately, and, but you don't want to find yourself, you know, on the, on the losing end of a lawsuit and not have an LLC in place. Those are kind of the things that, that I've been dealing with this month. Finances for people. You don't know what their situation is, you don't know what your tenant situation is. And um, you know, if they get injured, they have every right to come back on and, and look for something from you to help them if, if there's been an unsafe situation. So either way, not trying to scare you, these are just the realities of doing real estate business. Talk to you guys soon. Hey guys, thank you so much for listening. I really, really appreciate everybody tuning in and all the great feedback I'm getting about the podcast, so I'm going to keep it up and I just wanted to say thank you. Also if you want to figure out the three ways that most entrepreneurs are getting themselves sued, you can head over to llc, freedom dot [inaudible] slash get sued. I have a little freebie there that kind of outlines the three major ways that people are getting sued and how they can easily be avoided. So hop over to llc freedom.com/gets sued and pick that up today.
Hello! I'm Chance Reynolds - AKA - That LLC Guy. Here's How You Can Follow Me everywhere to see how I'm building my businesses!
📞 Schedule A Call With Me - https://llcfreedom.com/calendar
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Welcome to the entrepreneur like you with business attorney and entrepreneur chance reynolds, a daily podcast that brings you the best legal tips, marketing strategies and storytelling tactics that will help you grow your business the right way. Hey guys, chance reynolds here with episode.
I honestly can't remember. I was sitting here trying to think if it's episode five or six, but it's either five or six. Have coffee on white trash porches with garbage. I'm generally on this show. I'm just talking about my business and how the previous week went. Um, the main portion of my business right now is selling low c's. I am a business attorney, best selling author on a book about diy LLC creation. Um, so, so that's kind of what I do in my business. It's llc freedom is the name of the business. I'm kind of doing more of a, trying to do a little bit more seo savvy branding of have bought the url, that LLC guy. I'm trying to kind of work that some. See if that will work as far as the personal brand. So people will be like, I don't want them to have to remember chance Reynolds and definitely like llc freedom.
The name of the business in my mind was like, you can get an llc and you're more free to do other things. Like that was the idea behind the name when I started it. But uh, never caught on. Nobody understands it. They're like, oh, it llc freedom. We don't have freedom LLC. And it's like, no, that's not by business. There's already a freedom llc. I wouldn't want to be free to mellow, see, even if it had been available that that's my business, just so you know, the backside of it. And I've seen crazy growth through April. April was just a really, really good month. Normally I go back just through the week, but I'm going to just talk about exactly what happened this entire month, what that translated to in terms of growth in my business and kind of what, how I'm moving forward in my business, you know, over the next month.
So at the very beginning of April, I think it was probably the first week I started doing facebook laws. I sort of following, I'm a real estate investment course on personal branding that talked about how to, uh, do free advertising essentially like how to get, get people to meet people that are going to give you referrals in the, a real estate investment niche specifically. So I started doing that, but I instead of like pushing out content that was related to real estate investment and wholesaling houses and things like that, I just started promoting the business that I already had, which was the llc creation business and it just like blew up. So. So step one was move everything off of your business page that I've been doing facebook lives and stuff like that and posting content and I podcast every day and doing stuff like this for a while, for probably about six to eight months I've been doing it like on and off.
Um, mainly because I didn't have an office to do it and I didn't have the courage to do a lot of it. So finally I got the courage to do it and it just still isn't. You had to kind of put money behind it. So that's what I was doing. I was doing facebook lives through my business page and then promoting that out to try to build a following and it worked a little bit, but it was costing me money like I would, I would put less than $5 a day behind an ad, um, through my facebook business page and it would grow and people would see it, but I wasn't really, I didn't have a good way to capture their information and then you know, kind of market to them more directly other than just retargeting people that had already seen the ad. So I was been doing that for several months.
It was working, I was getting clients that way here and there. It wasn't like a real steady stream, like a, like every business needs to maintain and grow, but it was good. But I'm still looking for other ways to market and do personal branding stuff as you can tell because I was seeking out this other course. And then another whole line of a stream of income and real estate investment, like getting really interested in that. So it turns out like that I've found the real estate investment niche was like, just like online entrepreneurs, they really curious about the LLC but not really moving forward, not knowing like where to turn a lot of super bad advice in the facebook groups there and stuff. So I was like, you know, I really want to do real estate investment, but I'm just going to go ahead and like fill this void real quick and see what happens.
So I started posting, you know, free value posts in facebook groups related to real estate investment, which I've done for all entrepreneurs tons of times. I've talked about that on here. Just basically saying, here's my credibility. I'm an attorney, here's the LLC, here's what it does, here's why you need it. A given like what you're doing in this, what the people in this facebook business group are doing. Um, if you don't have an LLC, this, these are the risks. If you do have one, this is how it protects you. This is how much it costs. Here's how to move forward. Then I reached out to the owner of that group and I told him, no, I, I, s I saw what was going on in the group that people didn't understand. [inaudible] told him I'd be willing to provide like a really good deal for people in his group and educate them if he would let me do that and just kind of like tell them, hey, here's what it does.
If you need someone to help you, I'm here to help you go over to my personal facebook profile. At that time I was just driving them straight to my facebook messenger, but it just got so big I couldn't do that, so I started driving them to my calendar, which is like one of the biggest changes that's ever happened in my business. You can tell this is a very low production because my ac is like turning off and on in the background, but so I started pushing it into my calendar instead where they were booking. I asked for their email address from building my email list of even if I'm not closing those people, even if they're not showing up for the calendar meeting, I now I'm building an email list. I'm getting telephone numbers. I am, uh, you know, talking to people on the phone, figuring out what their problems are and started closing a lot more.
And my calendar filled up crazy. The first two weeks were the biggest two weeks in my business when I started doing this and using my personal facebook profile instead of my business page. So I kind of skipped over that part. But when I, when I started doing the real estate investment stuff and I got this course on how to do it and it turned out that the course, I thought it was going to be a course on like step by step guide on how to approach sellers, find them, negotiate with them, stuff like that and help them avoid the foreclosure in all the details like that. But it turned out it wasn't that at all. It was just a personal branding like forget like all the traditional means of marketing that real estate investors are doing rather than do that do all these other things where you were making a, building your network with, with relevant people in your area.
And I realized that this will work for any business and the, one of the first things that said to do was forget about business. You can have a business page or a personal, a public profile, a public figure page or something like that if you want. And eventually you do want to do that. But in the beginning, just use your own personal facebook profile. Max it out to [inaudible] friends. Um, people will start to follow you and then use that as a platform to show them what valuable solution you provide. So I did that, uh, that I did the facebook group posts, drove people directly to my facebook page, didn't facebook lives every day where I took q and a's on [inaudible]. That just blew it up. Like all those things in combination just created a number of leads and a number of conversations with people that like 10 times of what I'd had before.
So I was like, OK, this is clearly the most powerful thing I've ever had. Any facebook ads that have worked as well. I've never done youtube videos that have worked as well. I've never done anything on a business profile page that's worth this. Well, like this works. This is a genuine way to, to build a business. So I did that crazy for two weeks, felt up, filled up my calendar like where I was just on calls all day, making sales. This last week I did less lives. I think I only did maybe one or two facebook lives and I made half the sales. So I'm very, very clear on the fact that the facebook live from your, from your personal page, from your personal profile rather, um, is is the most valuable thing you can do on facebook as far as branding. And if you're, if you're closing people like on the phone rather than like have some automated system where you're selling info products.
I really think that a facebook live is the biggest driver of that this last week, the downturn in the amount of clients I new clients that I took on as proof of that to me. So that's exciting to kind of figure that out. Obviously I didn't want to make less sales this week, but I was kind of sick and I was like, Eh, fuck. If I make, if I, if I take on more clients right now, like it's going to be a disservice to the clients that I already have. I need to make sure they're like sewn up. So I've focused less on bringing in new business this week and more on just closing out the existing business that I had so that, that was good. I mean it's, you get nervous like when your numbers start dropping off a little bit, but you know what the driver of those numbers are, which in my case is facebook live.
So super big lessons this week. I really am. And just excited about moving forward with, with all the different businesses and business ideas that I have. Like I'm still super invested, AH, mentally in real estate investment and I want to move forward on that. I will be moving forward on that. I'm probably like about a month away from possibly launching a foreclosure litigation law firm with the, with the other attorney, a partner, and you know, he has to get his situation correct first and then so are just kind of waiting on him. He's the, the foreclosure expert out of the two of us and I've kind of started the businesses that we're going to team up and see if we can make something happen on that front as far as providing a solution to people that are going through foreclosures. Um, as well as real estate solutions, like multiple solutions to help people avoid getting a foreclosure on their record and avoid having to take a chapter 13 bankruptcy, which is what a lot of people do.
So we have some alternatives and ideas on how to drive that forward. I'm really excited about using personal branding to drive that business forward as well because that's really a trust based business as it should be because people are trusting their futures with you, their homes with a couple hundred bucks here, there. This is like major investments that they've made that they need help with. So that's what's going on with me. I'm jabbering on like crazy. But uh, it was a fun week and thank you so much for watching. If you have something, you know, any issue with the [inaudible] you want to chat with someone who's foreign them all over the country. Definitely reach out to me at [inaudible] freedom.com/calendar. Something else interesting happened this week. I might. I'm debating on whether or not I shouldn't talk about. I had an angry, not an angry client whatsoever. I had an angry clients.
Mom actually reached out to me is an accountant and uh, I kept telling the guy asked your accountant this as your accountant that. And it turns out his mom was his accountant and she reached out to me and didn't understand really what I was doing. It was really like pissed, like a mama bear thinking I was taking advantage of her son and I had to explain to her, no, I'm not actually, this is like this crazy good deal that I'm giving to your son and I understand I have a kid and I had kind of a tiger mom. Like that was like come out and attack people. That was very protective. So I was like, I get what's going on, talk to talk to her off the ledge. Uh, hopefully, like, I think she was still a little bit skeptical at the end, but that was the first time I ever had an angry mom reached out and just be like questioning my morality, my ethics I guess. Uh, but that was very interesting. So reminded me of my childhood either way. Had talked to you guys next week. Hey guys. Thank you so much for listening. I really, really appreciate everybody tuning in and all the great feedback I'm getting about the podcast.
So I'm going to keep it up and I just wanted to say thank you. Also, if you want to figure out the three ways that most entrepreneurs are getting themselves sued, you can head over to llc freedom.com/get sued. I have a little freebie there that kind of outlines the three major ways that people are getting sued and how they can easily be avoided. So hop over to llc freedom.com/get sued and pick that up today.
Hello! I'm Chance Reynolds - AKA - That LLC Guy. Here's How You Can Follow Me everywhere to see how I'm building my businesses!
📞 Schedule A Call With Me - https://llcfreedom.com/calendar
🔈 Listen To My Podcast - https://llcfreedom.com/podcast
Join My FB GROUP: https://llcfreedom.com/group
Youtube: https://llcfreedom.com/youtube
Welcome to the entrepreneur like you with business attorney and entrepreneur chance reynolds, a daily podcast that brings you the best legal tips, marketing strategies and storytelling tactics that will help you grow your business the right way. So this podcast is about how you, oh, you
can't do everything in your business yourself. A lot of us who are starting businesses, you know, and it's just us when we start and you're thinking about your business long-term and you're like, I only need to do a couple things to be successful and you only look at your business as yourself and maybe your like down the road I might hire somebody to help me out like an assistant or something, but for the most part I can do everything. And as, as someone who started a lot of businesses, some that have succeeded, some that failed, I can tell you the ones that I started off thinking I could do everything in the business, all failed. There's just no reason to do it that way. You might have some vivid imagination of how your business is going to bloom and blossom and you only need this many customers per month and to accomplish this many things per month, but it doesn't work that way.
Especially if you have a service based business, you cannot expect that you can grow your business, get your new leads, do your marketing, complete the tasks that need to be completed, um, and push everything forward and, and you know, handle the money, handle the promotions, handle your social media, you know, make sure your website's up, do the blogging, seo so you can not do all that stuff yourself. And it's not about just hiring freelancers. I mean, of course this depends on the, on the business. If you just have one infoproduct you're going to sell, maybe you could pull. So you know a little bit more of this off. But as soon as you start getting clients, it's not gonna work anymore. Like if you have any sort of service that you have to provide, you cannot do it yourself. You cannot do it. So when I first started selling my, my [inaudible] I was doing everything myself and, and I was trying to figure out like where do I fit into this business?
That's kind of a weird thing you might think to think about your own business because it's like you know where you fit into the old business that you started, but when you start your business you don't know. You probably don't know like what your role is going to be in that business and it can't just be, you are the business people get confused by that because a personal branding is such a big thing with business and it's more. It's pretty important to have a personal brand when you're, when you're doing anything that's going to be online and you're going to be promoting it through social media or something like that. You want to be able to have a face of the company. It will give you other opportunities if people know, like, and trust you to branch out in the future. So it's a long term play because it's not like you're going to be famous, but, but being known in a group for being a trustworthy person can give you more business opportunities down the road because other people will come to you with offers and a want your help promoting them and if it's something that's good and you can help your, your current clients or your potential, you know, little tribe of people that listen to what you have to say, then it's valuable for you and your clients and your tribe to cross promote stuff.
That's just how business, especially in the online world works. So building your personal brand long-term is something that is very good, but that doesn't mean that you do every single thing in your business. Yes, you're the face of the business. The business is spawned by your imagination. You created the business and it's your business essentially, but you don't, can't touch every single aspect of the business. There's this book called, uh, I think it's called one big thing. Or is it the one big? The one big thing regardless. And Russell Brunson also talks about this, talking about the big domino, Tim ferriss relative this, and it's not just that these gurus are intuit. It's a realistic way to look at your business. What's the one part of your business that if you do that you see growth in your business? When you can figure out what that is, you won't know that right off the bat.
So in the beginning you have to do all the stuff and at least get an idea of what it is. Unless you have a business partner that can help you do some of that stuff. But you need to think about the one thing that you can do every day. You know, day in, day out that's going to be your role in the company, that when you do that, you see growth in your business. You know, I'm starting to really see where those areas are for me in my business. And it's exactly where all the guru said it would be in the personal branding. I hate to admit that they're right, but that's the, the fact of the matter. So when I do my facebook lives, when I allow people to just call me and talk to me on the phone, you know, and I'm talking directly with people, dealing directly with people, that's the most valuable thing I can do for the business.
That's when I filled the pipeline with more potential leads. I get more sales, more people get all C's and I'm providing more value to people and more people are set up properly because of that. So look at what the mission. Have a clear mission of what you want your business to do. And don't sell yourself short. Don't think only need to make three deals a week. Think I. If I make three deals, yeah, that'd be great, but I'd much rather make 30 because I could help more people. And if you don't think that way, I'm 100 percent convinced that your business will fail. If you don't understand that simple thing, then you will probably fail in your business. It's about being able to help people
with whatever the mission of your businesses and you cannot play every role in that business. You had to think about and really sit down and think about it and try different things. Sometimes it takes testing like business is not easy. It's not so clear cut. It's hard. So as soon as you can figure out what that one thing is, then you can focus on that. Then you delegate the tasks in your business to either virtual assistants, if you want to do it that way. In my case, sometimes I have to delegate to paralegals, legal assistants, things like that. Um, yeah, that's just what you have to do. Figure out what, what, what you could do to drive the business forward and then delegate. That's how you build a business. You cannot think, well, I can handle everything from start to begin, you know, from, from beginning to end on this deal. And I could probably hit about three of those a month. So I just need three. If you will run out, you will be out of business guaranteed. No question. You'll be back at a job very soon. So I've been seeing a lot of that recently and I know the journey because I've gone down that road. So it's not like I'm trying to be above anyone that thinks that that way, but it's just I've seen the results of that in my own business and it just didn't. It doesn't work. Does not work that way.
Hey guys, thank you so much for listening. I really, really appreciate everybody tuning in and all the great feedback I'm getting about the podcast, so I'm going to keep it up and I just wanted to say thank you. Also if you want to figure out the three ways that most entrepreneurs are getting themselves sued, you can head over to [inaudible] freedom dot [inaudible] slash get sued. I have a little freebie there that kind of outlines the three major ways that people are getting sued and how they can easily be avoided. So hop over to llc freedom.com/get sued and pick that up today. Yeah.
Hello! I'm Chance Reynolds - AKA - That LLC Guy. Here's How You Can Follow Me everywhere to see how I'm building my businesses!
📞 Schedule A Call With Me - https://llcfreedom.com/calendar
🔈 Listen To My Podcast - https://llcfreedom.com/podcast
Join My FB GROUP: https://llcfreedom.com/group
Youtube: https://llcfreedom.com/youtube
Welcome to entrepreneur like you with business attorney and entrepreneur chance reynolds, a daily podcast that brings you the best legal tips, marketing strategies and storytelling tactics that will help you grow your business the right way.
OK, so rather than tell a story or talk about the backside of my business, I want to clear something up really quickly about the difference between an LLC and I'm putting up air quotes here and I'll see an s-corp. The reason I'm using quotes is because an LLC, an s corp are essentially the same thing. Now, if that's confusing to you, stick around to the end so you can hear the full explanation. So here's the deal. I get this question. I'm not even joking at least 10 times a day and, uh, as I've wanted to do and become an authority in certain real estate investor groups where any question that's asked about the [inaudible] c a, I get tagged in it, or someone says, talk to chance Reynolds, do whatever. Uh, you know, he's helped me. He can help you. And it's amazing to me how many people have this question.
I can see why now legal zoom has, has created over a million [inaudible] because there are just so many people that need [inaudible] and I'm really starting to see that the real estate industry and the real estate niche is probably the most in need of elsies than any other niche. Very specifically. Either way. Here's the deal. I, so let's, let's just play it out. So somebody comes into real estate investing, they get into a facebook group is what happened to me this morning. I wake up and somebody has asked what's the best llc? An S Corp, a c Corp sole proprietorship or, or, and generally those are the ones that don't understand. Sole proprietorship is just what their default is. Um, they don't know. And why should they know that's not their specialty. They're just trying to flip real estate. And so understanding the old C isn't really there. What isn't what they're aiming to do.
They just want to do business and be safe. So they're doing the smart thing by saying like, what should I do? Should I even take a step? Some people don't even take a step, but here's what happens in the group. They asked the question and people come in and just say, make you make the deal first. Just do it. You don't need to know. We'll see. Just worry about your structure later because they don't understand liability there. Just thinking these people are looking for an excuse not to take action. That's what they're imagining is happening, so they're just like, just do it. Then somebody else will come in and say, no, you need an S-corp. I have an s corp, and they're like, what's an S-corp? And the person who hasn't an score doesn't even understand what an S-corp is, and they say, well, you just create an llc and then you just click a box and an s-corp just means like you're working by yourself and you don't have a big team or something.
It's like, no, that is not at all. Or an S-corp is and probably you'd have like no protection. So that's the big problem. Here's the deal with an LLC versus an s Corp and LLC is what you file with the state. An S-CORP is how you choose to have your entity where you can have a corporation at the state or no, we'll see at the state. Most people are going to have an old c at the state because it's more flexible and it's just, there's no reason to use a corporation instead of an llc at the state level. Um, there's just no reason to do that. Why? Why would you do that? If you're going to have a c Corp and take on a bunch of investors, but you could even do that with an llc at the state level. Regardless, you definitely don't need a c Corp.
You need an llc at the state level and if you do nothing at the like, you just apply for your ein with the ears, you'll have what's considered pass-through taxation. The ears will consider You either a sole proprietor or a general partnership. don't tune out. I know this is techno babble. This is the equivalent of techno babbLe, Like somebody who Creates software, like telling you how the software works and you're like, I don't care. I just want like, you know, to build, to build a quick landing page or whatever, um, whatever the software does, but you need to know this distinction, so llc at the state level so you know, when you, when you apply for your ein, you, they will, uh, tell you, if you're going to use pass-through taxation, if you choose, if you're wanting to be. So let me just lay that out.
Pass-through taxation just means that you're taking all the income of your llc and just reporting it on your personal tax return just as if you had a job or something where you have income, any other income, and it's the simplest way to do it. It's the whole reason that it was created it. So there's not double taxation. Like if you had a c corp that's there's double taxation there. Meaning you're paying a corporate tax, you're paying, you're paying tax at the corporate level as this as if a corporation is an individual in files, its own tax return. This is the organizing. Corporations have the ability to donate money to like political campaigns. And why you hear politicians say like corporations are people, that's why a corporation like actually pays taxes and llc is not generally the default is not that that the llc operates that way.
So the money passes through at the llc comes to you, your personal tax return and if you have a business partner or something in the [inaudible] to their personal tax return and you just pay your taxes on turbo tax or whatever. I mean you shouldn't use turbotax but you understand what I'm saying? Like you just pay your taxes on the income that you made. You don't have that file a separate term for your llc or anything like that. You just file your personal return. If you have an s-corp, it's infinitEly more complicated. But the upside is that there are big savings on the backside potentially. So with it, with an s corp, you've fallen llc at the state level, then you file a 25, 53 with the irs. See already your, this is just a big pain in the ass. Um, when you file that [inaudible], you know, you have to follow that within 70, I think 75 days of creating your llc to do elect to get the s corp status.
There are some other ways you can do it, a late filing and waiting a year and then changing the way that your entity as structured. But this is just generally, if you don't file in the first 75 days, you've kind of missed your window on the s-corp and you're going to end up paying the default pass-through taxation, which is just fine. You're still protected. The s-corp requires you to take a reasonable salary given your industry. The reason they do this is because in an s-corp you take a salary that's taxed at one rate, like the higher rate, the rate, that's like at least probably 20 percent because you're going to pay, you know, if that's just what it, what it is. I'm not a cpa, I'm not going to explain that. Your salaries tax, just like how you would, your, your money that you made on your llc that had pass-through through taxation is taxed.
Then you can take, you can pay out dividends to yourself from the, from the s corp, you know, quarterly or at the end of the year, however you want to do it. Uh, and those will be text. Those are taxed as dividends at a lower rate, generally around 15 percent. So you can say five to 10 percent on taxes, on those [inaudible] dividends. But this is a complicated thing to do. I mean, it's not complicated for cpa or an accountant or somebody that understands that that's been doing it, but for just the regular person who's just trying to operate a business, you shouldn't be doing that wing of it yourself because if you don't do it exactly right, you could lose your liability protection. Not only will you not get the tax benefits, but the ears are the. Even the courts, if you get sued, might take a look at it and say you're not operating this thing as a business.
You have to give them a reasonable salary. And it has to be, you know, it can't be like you pay yourself $10,000 salary and then 100,000 dollars dividends with the lower tax rate, like the ears isn't going to let you get away with that. It has to be like you'd pay yourself a hundred grand and maybe you get 10 or 20 grand, you know, at the [inaudible] dividends. That's just a random example. But you understand what I'm saying? Direct is wants to get their money and they're going to get their money. Like regardless. So s corp can give you good sale, big savings if you have a team in place that can help you structure it. And that's not an insult. Like I wouldn't operate an s-corp just because I don't want the hassle of it unless I was. It was like major savings. I'm an llc with default taxation to me.
I just don't like to mess around with my taxes. You know, you have a right to pay the smallest amount of taxes that you possibly can. And I'm all for that. But at the same time, like I just want the peace of mind of knowing that I'm operating my llc properly because it takes like nothing to operate an loc properly other than just keeping your bank account separate, you know, keeping your business stuff with your business, keeping your personal stuff with your personal. If you do an s-corp, iT's not that easy and the court can see really easily. Just say you're not operating this thing properly, so we're just gonna. Set the whole entity aside and just let somebody sue you personally. That's what happens with people that set up their own. So don't set up your own s-corp llc if you don't understand escorts, and if you don't have an accountant, just get an llc and just use the default pass-through taxation until you can hire a team, an accountant, a cpa that understands escorts to operate it for you. Gosh, there's probably not that many people still listening, but that is the difference between an llc and an escort. Essentially, they're the same thing. It's just how you choose to have them taxed.
Hey guys, thank you so much for listening. I really, really appreciate everybody tuning in and all the great feedback I'm getting about the podcast, so I'm going to keep it up and I just wanted to say thank you. Also if you want to figure out the three ways that most entrepreneurs are getting themselves sued, you can head over to llc, freedom dot [inaudible] slash get sued. I have a little freebie there that kind of outlines the three major ways that people are getting sued and how they can easily be avoided. So hop over to llc, freedom [inaudible] slash get sued and pick that up today.
Hello! I'm Chance Reynolds - AKA - That LLC Guy. Here's How You Can Follow Me everywhere to see how I'm building my businesses!
📞 Schedule A Call With Me - https://llcfreedom.com/calendar
🔈 Listen To My Podcast - https://llcfreedom.com/podcast
Join My FB GROUP: https://llcfreedom.com/group
Youtube: https://llcfreedom.com/youtube
Welcome to the entrepreneur like you with business attorney and entrepreneur chance reynolds, a daily podcast that brings you the best legal tips, marketing strategies and storytelling tactics that will help you grow your business the right way,
at least 10 times before. But when we're talking about it for the 11th time, I guess, so what are the things that people are going to try to get you to do is expand the scope of the services or the products that you're providing. If you're providing a product, it might be a little bit easier to expand it depending on the product, but if you're, if you're providing a service, you can get into deep water really quick because you're desperate to make a sale. So one of the things that I am doing now, I'm really making an effort to do is to be on the phone with new prospects for at least two to three hours a day. I'd prefer three. Um, and last week I was doing like five, six hours a day, but that was too much. I couldn't do the day to day stuff I needed to do.
So I'm shooting for two to three hours a day for new prospects and if you're operating as the sales wing or the prospecting sales wing of your business, which most of you probably are, because most of us are solo entrepreneurs or maybe we have a couple of virtual assistants or maybe one or two employees, and then you. That's your responsibility if you don't. If you're not prospecting today, then what are you gonna do tomorrow for sales? What are you going to do two days from now? Lot of times it takes people two, three, four days before they turn over a sale if you don't close them right on the phone. So I try not to do like a hard close with people on the phone. I'm not in a situation where I'm negotiating like competing necessarily against somebody else. My offer that I'm making is, is kind of what's called an irresistible offer.
So if somebody wants to go somewhere else than the, that's their choice. Whatever. I'm not gonna. Try to give them the hard sell, you know, sell to come with me. I'm not using any urgency or scarcity tactics. Meaning, I'm not saying this offer expires in 24 hours. You need to buy now. I'm not doing that right now. I May. There's nothing wrong with that. I don't look down on that at all, but I'm not doing that. So at least with the offer I'm making right now. So, so prospecting and filling up the pipeline with potential people, letting them know who I am. Um, hopefully if I help them they go off and help tell somebody else how helpful I was is a huge part of my business. But something that people are constantly asking me to do is to help them with estate planning issues.
So they just see that like you're an attorney, they see that you do all season that, you know, you understand asset protection and they're like, OK, but what about leaving my property to my kids in a trust and avoiding probate. These are all things that I understand how to do, but it would me a while to do it and I would have to charge a lot more than, than probably really what I'm worth in that arena because that's not my specialty. Like, that's just not what I do. Um, it's like going to a dentist with a broken arm. It's like guests, they, they're kind of like doctors, but that's not really what they specialize in and, and probably they could have their staff who are nurses and they're equipped to do things and they have machinery there that could measure what's going on with you.
Um, but ultimately they're going to send you down to the doctor down the street. So that's what I try to do with, with those sorts of offers and I don't know, one out of every four people I talked to tries to do that and on top of that I'll have at least, you know, a friend or a family member asked me to do something in that arena. Like anytime somebody dies or gets sick or, or is contemplating even death or they have a family member that does or something, they call me to see what they're supposed to be doing. And it's like, I don't know, like that's not what I do. I'm not a probate attorney, I'm not in a, you know, an estate planning attorney. I'm a business attorney and so people dying is not the business that I want to be in. I guess you could be a business attorney, you know, in your clients were all, you know, cemeteries or morticians or something, but that's not what I do and if they're really close friends, I'll, I'll do my best to help them, but for the most part I just, I, that's just not what I do.
I don't know how to do every single thing and so I could do it. I know how to learn how to do it, but it would take me like a whole day at least to learn how to do it and I can't take a day away from my business so I have to say no to people all the time and I feel really guilty about that. But when I don't do it, I feel a lot worse because then I can't grow my business. I don't have any money to, to pay the bills that I need to pay. So it's really a balance between those things and understanding that you have to just be able to say, I don't know. And you don't even know, it's not your responsibility to refer to them over to somebody either, like, it's not your responsibility to grow a network of people that can help other people with their, their problems.
You want to be able to refer your clients to somebody depending on, on where they are. So it's rough for me because I'm rough. It's, it's, it's complicated for me because I'm in Texas and my clients are kind of a all over the country and I can do that because I'm not providing them legal service as much as I am a providing them with something like a filing service. So I'm giving them business advice, not legal advice while they, it always spills over into them wanting legal advice reasonably. So they're like talking to somebody that's knowledgeable and um, I'm demonstrating that I know a ton about the LLC. You probably more than anyone else they've ever spoken with. And definitely more than all of the, like when I'm talking about real estate people way more than any of their mentors or anything like that about the LLC.
And so they're like, well, I've heard this thing about the trust and the trust is something that, that, you know, I'm, I'm considering building into my business, but they're not asking about it and in a business sense, they're asking about it and like how to move their personal property, uh, you know, after their death in order to avoid probate fees for their kids, stuff like that. I understand it, but it's just, I'm not going to do that in my business. It takes too long and that's not what I'm doing in my business. I don't have like an estate planning firm. So I might be launching, you know, a foreclosure or pre-foreclosure wrong for wrongful foreclosure from here very soon. And in that business I will be handling a lot of pre foreclosure discussion, but I'm only going to be doing that with very select group of people that were kind of targeting, you know, in the state of Texas.
I can't do that all over there. Certain legal. I can't really give legal advice outside of the state of Texas period. Um, and people don't want to hear that. They're just like, I got an attorney on the phone. It's free is the first time I talked to attorney in a long time. Probably the last thing. I'm going to talk to one in a long time. They want all their questions answered. I've had people just straight up say, I know that, uh, you're only giving away 30 minutes for this consult for free, but, uh, I need like an hour maybe more. And it's like, OK, right now just saying, OK, let's do it. As long as I don't have a, another client meeting right after that, like stacked 30 minutes later, I'm like, OK, I'll do that. Like, that's not something I'm going to say no to, but if they're asking me to, you know, spend five, six, seven hours researching, drafting something up, maybe possibly using one of my paralegals to help me do that.
I'm not going to do, I'm going to have to say no. I'm going to have to say no. And you have to learn how to say no to the time consuming things in your business. You want to provide people with what they want. That's, you know, if you, if you're not asking your potential clients what they want and then providing it to them, then you'll probably go out of business, but you can't give them everything they want, you know, focus on a couple of those things and once they start going further and further out from what you do, then you have to learn how to say no.
Hey guys, thank you so much for listening. I really, really appreciate everybody tuning in and all the great feedback I'm getting about the podcast. I'm going to keep it up and I just wanted to say thank you. Also if you want to figure out the three ways that most entrepreneurs are getting themselves sued, you can head over to llc, freedom dot [inaudible] slash get sued. I have a little freebie there that kind of outlines the three major ways that people are getting sued and how they can easily be avoided. So hop over to [inaudible] freedom.com/get sued and pick that up today. Yeah.
Hello! I'm Chance Reynolds - AKA - That LLC Guy. Here's How You Can Follow Me everywhere to see how I'm building my businesses!
📞 Schedule A Call With Me - https://llcfreedom.com/calendar
🔈 Listen To My Podcast - https://llcfreedom.com/podcast
Join My FB GROUP: https://llcfreedom.com/groupÂ
Youtube: https://llcfreedom.com/youtube
Hello! I'm Chance Reynolds - AKA - That LLC Guy. Here's How You Can Follow Me everywhere to see how I'm building my businesses!
📞 Schedule A Call With Me - https://llcfreedom.com/calendar
🔈 Listen To My Podcast - https://llcfreedom.com/podcast
Join My FB GROUP: https://llcfreedom.com/group
Youtube: https://llcfreedom.com/youtube
Welcome to the entrepreneur like you with business attorney and entrepreneur chance reynolds, a daily podcast that brings you the best legal marketing strategies and storytelling tactics that will help you grow your business the right way.
Alright guys, so doing a little weekly wrap up. It's been a great two weeks. It is Friday and it is April 20th. So yeah, I'm sure going to see plenty of awesome for 20 posts today. So yeah. Um, this week the big thing I've been doing over the past two weeks is just, or that I'm seeing, I guess provide the most value and provide the most returns is just providing valuable information to people. So I don't care if that's facebook live, youtube, you know, twitter, however you're doing it this week I'll explain exactly what I'm doing. I'm providing value through facebook live and through facebook groups and then I'm telling people if they want more or something more specific to them, a strategy that might work better for them, not legal advice but some sort of business advice and then they can book a time on my calendar when they book a time on my calendar.
I call them back, I answer all their questions. I talked for at least 15 to 30 minutes to each person sometimes longer, and I answer every single question that they have and they're, they're always extremely glad and happy. And then they, then they know me, they like me, and then they trust me for if they become customers. Some of them don't, some of them probably hate me. They feel like they, they don't, they don't know me, that I'm untrustworthy. Whatever the opposite of know, like, and trust is a, that's probably the feeling that some of them have. Some of them are skeptical. I talked to someone yesterday and she was just like, um, she was actually from Russia, Super Nice Lady, but she was like, I don't understand like, why you're doing this at these prices. That doesn't really make any sense. This is not like a salesforce actually happened. I was like, well, here's the mission of my company. This is what I'm doing, you know, and it's not like I'm doing it for free. I am making money off of it. Um, and she was just like, yeah, OK, I get that. I mean, I wasn't able to help her. She needed to hire an attorney. That's what I told her to do. Um, hire local attorney in Washington. But yeah, there's just, there's nothing
better.
OK,
as far as like moving someone from just cold, not knowing who you are, too warm or even red hot as a client or a purchaser, a then just providing them with free value and answering their questions. Some of them will take the, the value that you gave them and go off and do it themselves or hire somebody else. Whatever. Demonstrate every day, that's fine, but as long as some of them don't, then you're good. Next time that person, they provided value value to need something they're going to call you. If they know somebody who's in a similar situation, they're going to tell them about you. So that's been the big thing. I'm, I'm, as I've talked about on here before, I'm probably hopefully like very close to launching a wrongful foreclosure litigation, pre foreclosure litigations, what I like to call it technically, I guess it's wrongful foreclosure litigation firm with a friend of mine who's a wrongful foreclosure litigation attorney and we're kind of discussing it and he doesn't, he's not so much an entrepreneur so he hasn't really done much marketing on his own and that's one of the reasons why we're teaming up because I've done so much and he knows more about the foreclosure side of it and I know more about the starting the entrepreneurial side and the marketing side and he's extremely skeptical about like, I'm just like, look, we're just going to provide value this way.
You know what? We're going to provide a bunch of free value and then that will help. And he's like, OK, the website, like what's it gonna look like? You know exactly where I was when I first started a business. He's really concerned about the website, not realizing that like the website, like nobody asked to see my website. I mean, you need something there to send people so they can book your calendar and you don't want it to just look terrible, but uh, it doesn't have to be very much explains who you are, you know, how, what, what's, what solution you provide and kind of tells your story a little bit, but really you just want to figure out how to, how to move them onto the phone and start talking to you because it's not like it's an info product, you know, you need, they are going to want to talk to a human being.
And so I was like, that's not really the first thing we should be worried about is the website. In fact, that's like not even really in the top five things that we should care about. We can pay 100 bucks and get something thrown up. And he's just like, no, we need like thousands of dollars. I was like, dude, no, trust me. I was in the same boat that you're in. Um, that's not what's important, but you can't convince people otherwise. So I just went and made like a little list of the top 10, a peripheral closure websites that come up on Google and showed them to them and they're not, they're all just garbage. They're all garbage. I mean, yes, they're at the top of Google when you, when you look at that. But uh, the websites themselves, they're not, there's nothing spectacular about them. There's hardly any of them get, get it right.
I don't think they're there. They're like stock websites that are put up that are just specifically to get people to the top of Google. I don't think when people go there, they're impressed by any means. I don't think that's really the goal of them, but it's just not the route I would go. And I'd rather have no website that have those websites. Honestly, I think you'd be just as successful as long as you just have a calendar. You can say, go to this website, here's, here's the calendar and that takes, you know, 10 bucks to do that. So anyway, that's what's going on this week. Just value providing value for me. It turns out that the best way to provide values, to get people to book a call with me, schedule time on my calendar and give me a call and then I can answer your questions if you're trying to fake it till you make it and you don't really know anything about what your businesses.
Of course you can't do that, but you still could really. You could outsource it. You could have people book it and to have a little option of what they're going to ask about and then do a three-way skype call with the person who's knowledgeable. You just like, do like a introduction. Hey, this is chance you reached out to me about Seo. This is James is our ceo guy who was, maybe he's in freaking London. It doesn't matter. It doesn't matter. Like that's one way you can do it if you're just like the sales wing of your business. So either way, that's what's going on this week. It's been an awesome week, but a really great two weeks. Uh, everything moving forward. I, I added another team member yesterday to handle some of this stuff is starting to pile up that I want to get on top of, so work with two team members now, um, to prayer, to paralegals. It's awesome. It's just been cool. Hope everybody has had a great week. He'll be, have a great weekend. Talk to you next week.
Hey guys. Thank you so much for listening. I really, really appreciate everybody tuning in and all the great feedback I'm getting about the podcast, so I'm going to keep it up and I just wanted to say thank you. Also if you want to figure out the three ways that most entrepreneurs are getting themselves sued, you can head over to [inaudible] slash get sued. I have a little freebie there that kind of outlines the three major ways that people are getting sued and how they can easily be avoided. So hop over to LLC, freedom [inaudible] slash get sued and pick that up today.
Hello! I'm Chance Reynolds - AKA - That LLC Guy. Here's How You Can Follow Me everywhere to see how I'm building my businesses!
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Welcome to the entrepreneur like you business attorney and entrepreneur chance reynolds, a daily podcast that brings you the best legal tips, marketing strategies and storytelling tactics that will help you grow your business the right way. I've talked a lot about
giving people what they want, so a lot of times if you don't know what product or service you're going to create, you kind of just figuring out who your audience is that you're going to serve and you ask them what they want. Like if you're gonna try to serve Internet marketers. You would try to figure out a way to like do a q and a, figuring out what questions and problems they have and then solve those problems. You don't want to just think about what problem you have and not know if anybody else even cares about that problem and then you know, create some product without, without understanding what the market is asking for and needing. And that goes pretty deep. And I've talked about that a whole lot of times on the podcasts since its inception because it's something that I struggled with in previous businesses and even in every business I've ever had, successful or not.
Um, you have to pivot, you have to figure out eventually people will start asking me for something else and you have to decide, you know, do you want to provide that or do you not want to provide that? I mean, you don't have to do everything that people want you to do. So for example, yesterday I got on a call, I talked to tons of attorneys all the time. Um, a lot of them are extremely curious what it is that I'm doing with my llc business. And of course they all have opinions. And, uh, just one random attorney that I spoke to was trying to tell me, uh, you know, what I should be doing this is this, is this thing. Like, people always think that they know, despite the fact that they may not have ever been in a successful business ever. They may be.
I'm one cog in the wheel at a law firm. And maybe they're a great attorney, agreed attorney doesn't necessarily understand [inaudible], a great attorney. Didn't necessarily understand what your market wants. I'm a great attorney. May Not really understand business or even how to talk to somebody, you know. That's, that's one thing that I've realized that a major issue with some attorneys, they might be the smartest person you've ever met in your life, but a, they don't know enough. They don't have enough, I should say, social skills to really do a q and a with you and figure out what it is that you're, what, what it is that makes your situation unique. And so to me that's like a big problem. If I'm talking thinking about doing business with somebody and they're asking me to do something essentially because they don't know how to do it, they might, you fill some gap in their business and they want you to do it for free.
I'm like, push them business. You should do this. You should go into the do on facebook and go to the. And it's like, are you on facebook? Well, not really. I like to keep my stuff private sick. You don't know anything, you don't know anything about how to accomplish what you're thinking you need to accomplish. You're asking me to accomplish it for you and uh, I'm not in the business of just creating other people's businesses for free. So that's something that's been just going on daily. It's not any one particular person or attorney or client or anything like that, but at some point you have to stop thinking about giving people what they want, what you've discovered, what your niche wants, and you've created it and you've given it to them. Um, and it's, it's not some finite product that is going to expire and that you had to keep building things on top of and on top of and on top of.
You might not need to continue to expand what you're offering. If you have a good offer and it works and it continues to work, yes, you have to innovate, you have to pivot. You have to potentially create higher end offers and upsells and one time offers and all these things that can, you know, double and triple the, the profitability of your business. And it's just creating different offers. It's like you know, any, any store that just sells one thing and has no variation, you don't really see those in existence. You just don't really see those in existence. There's multiple products from every successful business, so you had to think about that. But at the same time you can't just infinitely scale your business if, if, if that's not within your means and capabilities. So you have to figure out like is what you're doing working.
If it is, maybe you should consider doing some upsells, but maybe you shouldn't. Maybe you should consider for me, for example, people want me to do contracts every day, but contracts are going to take me a long time to talk to people. I wanna I want to help people. I want to be valuable to people, but I can't spend my time doing questions and answers with the every person that I do on that little see for to figure out what their con contractual situation is. That's just. I'm not really interested in doing that. If I had a two more actual attorneys on staff in my office or something like that and I was operating a law firm, I would say yes, of course that would be like the bread and butter of what we did, but that's not what I do with my company. I'm probably about to launch a law firm helping a pre foreclosure situations with a business partner and we're going to get asked all these same sorts of things to do to do every single legal thing and the book that you can think of, but that can really stop your growth.
Sometimes. If I spent a day dealing with somebody's contract and I'm not going to charge them a thousand, 1500 bucks or something like that, then I'm potentially losing long-term sales in my business because my. My team isn't that big. It's me. I have a virtual assistant who handles nothing really legal. It's just like branding stuff and then I have a freelancer that I use for helping me with the actual llc stuff. It's an attorney. We're operating as a paralegal essentially underneath me and that's worked out great and I'll probably continue to build that out and I'll probably eventually hire other, a legal assistant or paralegal to be an office with me, but I don't want to have a staff of 10, 20 people that are in one office, um, in order to just take on any possible thing that comes my way. I'm not interested in doing that.
I want to give the people what they want, but I also have to keep in mind what the vision of my life is, my business, and if my goal is to the mission of my businesses to create, sees I can't spend my time creating contracts. They're making an appointment. People don't want to [inaudible] and all they wanted were contracts. Then I might have a business that that's all that that it does is contractual style stuff or a law firm. That's all they do, but it's much more limited what I can do in that arena because of my profession. So you've got to balance your vision of your company, the mission of your company and your business versus what other people want you to do. People ask you to do all sorts of stuff. You don't have to do it. You can say no. You have to say no if you want your business to grow.
Hey guys. Thank you so much for listening. I really, really appreciate everybody tuning in and all the great feedback I'm getting about the podcast, so I'm going to keep it up and I just wanted to say thank you. Also if you want to figure out the three ways that most entrepreneurs are getting themselves sued, you can head over to llc freedom. [inaudible] gets sued. I have a little freebie there that kind of outlines the three major ways that people are getting sued and how they can easily be avoided. So hop over to llc freedom.com/get sued and pick that up today.
Hello! I'm Chance Reynolds - AKA - That LLC Guy. Here's How You Can Follow Me everywhere to see how I'm building my businesses!
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Hello! I'm Chance Reynolds - AKA - That LLC Guy. Here's How You Can Follow Me everywhere to see how I'm building my businesses!
📞 Schedule A Call With Me - https://llcfreedom.com/calendar
🔈 Listen To My Podcast - https://llcfreedom.com/podcast
Join My FB GROUP: https://llcfreedom.com/group
Alright guys, coffee on white trash porches with garbage episode three. This is my third take. Trying to get this this morning because my other phone, I was like on us 45 percent. It will, uh, like I have two phones, my wife and now I'm using my wife's phone and it has 45 percent sure of the record, like a six, seven minute video. Then I got into like the 10 minute territory and it died and I lost the entire episode. So I'm going to try to keep this one like under five minutes. Seriously tried to. But uh, I was just super hyped about this week. So episodes one and two I talked kind of about what type of branding I'm doing for my business as far as specifically personal branding, how, what steps I'm taking to make myself more known, more available to my niche market, which are entrepreneurs, real estate investors generally that awe need ll c's
get that out of the way. Um, and this week was, was I've had every, every, every week since I started using those strategies of, of opening up my facebook. I'm talking directly to the entrepreneurs, you know, through my personal facebook profile, making videos pretty much every day for 45 videos a week, driving people to my personal calendar to actually talk to them on the phone about their situation, about, about. They're just answer their questions, really solve whatever problem they have related to the LLC if I can. And um, what else am I doing branding wise? Uh, I mean, that's pretty much it. Just just establishing that I am, have a value in that arena, that I have a solution to a problem that these people, um, that potential clients, not these people that potential clients might need help solving. And I, I do it for a pretty much an irresistible offer which is I'll do operating agreement, you know, create the [inaudible] and help you get your Ein for a pretty low price.
Varies depending on whether or not I've worked out a deal with, with certain people on facebook groups, things like that. But it's low, it's as low as anywhere. Um, but yeah, it had a big week and I want to, I want to explain when I say I had a big week that, that doesn't mean that I had, you know, a $10,000 day or anything like that. I didn't have 100,000 dollar. I'm not going to have to make 100,000 dollars this month or anything crazy like that. I just mean I had success that I talked with a bunch of people, some people purchase my services and you know, so I am making a profit for sure, but I'm not ever going to have in my llc business $10,000 days, anything like that. Not with the product I'm offering right now. And that's just fun. The mission of my company, Llc Freedom, which is a company that sets up [inaudible] is to help as many entrepreneurs get their llc set up properly.
So not just sheer numbers. Um, and I've talked about on my podcast, entrepreneur like you is my podcast, which is a daily podcast where I kind of do this, but I talk about more specific things and various what I talk about. But, um, I've talked about on there that I want to take down legal zoom. I do have that goal that's like my Gary v buying the jets goal where it's like, that's clearly not going to happen because they have billions of dollars invested in that company. It's a massive company. But, uh, ultimately that's what I strive to do is provide a better solution than what they have. And realistically right now I'm not going to have to do more than 50 to 60 llc in a month or something. So you could do the math on that. It's not, I'm not gonna Break The bank with my llc business, but that's not the goal of that business.
Now down the line, I may talk to so many entrepreneurs that I'm going to understand other problems that they have and I may create some higher valued course or solution to like real estate entrepreneurs. Like asset protection is a big thing for, um, advanced asset protection is a big thing for, for real estate investors. So you can charge five, $10,000 for like a seminar style course where you can work one on one with, with real estate investors that aren't in the beginning stages where it's like they have a lot of homes in five to $10,000 to them to make sure everything's set up properly to all their homes and their assets are segregated properly. A, that's not a lot for them because sometimes when you're, when you're rolling over deals, $10,000 on a deal, this is just one deal. So I probably will do something like that in the future as my base grows and people that have helped now or succeeding, they'll probably come back to me for more solutions because they know, like, and trust me because I've helped them.
That's not why I'm helping them. I don't have a plan down the road, but just being a business person, being someone that's at least somewhat looking to the future, um, that that's probably something that people will start asking me to do. And I like to solve people's problems in that arena. And I especially like to solve people's problems that have already bought something from me, so I feel an obligation to help them, you know, and I can't do it for free. I can't do it for like two to $300, which is like what I'm doing cs for because it's more advanced. Um, so probably I'll have something down the road where I'll have a $10,000 day or 100,000 dollar month or something. You never know. That's not really my goal. I don't, I'm not gonna consider myself successful if I don't make 100,000 dollars in a month, like that's, it's OK for me to not make that much.
I don't do that much to be happy, but it wouldn't make me happy to make that much as well. But personal branding this week really super hardcore paid off. I've talked about so much in the past on my podcast, how paid traffic is really the measure of a lot of businesses. And I'm starting to kind of rethink that. I really think it's the free traffic. It's how you handle getting referrals into your business. That at least for me, has been much more important, much, much, much more important on a larger scale. If you're selling something that is more automated, like a course paid traffic, yes, you need to be able to drive paid traffic to something where you can just scale it infinitely and that does make sense because referral sources, once they get cut off, if that's your only source of business, how are you going to keep moving forward?
You're kind of relying on someone else, but if you're driving paid traffic, you're relying on another platform as well. Like something like facebook. So it's a, it's a double edged sword in a way, but you can scale crazy. I'm with paid traffic for sure, but for my business right now, paid traffic just wasn't doing nearly at all what a just free traffic is doing referral traffic and just providing value to people straight up for free on facebook and on Youtube. I haven't cracked the code on Youtube yet, but it's getting, getting, you know, more to the point where that might be successful. Anyway, I'm just rambling on like how I do every time on these. Um, but it was a great week a, I just, I'm so grateful that this approach worked. I was not a surprise to really at all that it worked and that I was on the phone, like back to back off one call on another call off one call on another call just exhausted by the end of the day, which is how I'd like to end my days.
This is why I went into business for myself. So I'll probably put all this strategy on the backside after another month or so into some sort of course of that that will be something more automated because it's so super valuable. It's been so valuable to me. I want to lay out the steps of what I'm doing and kind of show the backside of what I'm doing for sure. But that's not why I'm doing this. It's not the end goal is in a course or something. But uh, if I can provide a solution for people, people are reaching out, like, how are you doing this? If I can help them do that, providing them that for free up front kind of make sense. And I'll tell, tell you what I'm doing, but on a larger scale, if I can help more people because what I'm doing is working so well, uh, I don't mind like throwing something together and charging a little bit of money for it because it's valuable and when people pay for something, they're much more likely to actually follow through and take the steps that are needed.
So, but right now it's still just learning and implementing and uh, it's just, it's been an awesome week. Super grateful, super happy to be doing it. I Love Setting Up lcs, I love talking with people about their businesses and uh, I'm going to keep doing that. So if that's you, if you are curious about the LLC and you want help from mere you just have questions, I will get on the phone with you. Schedule a time at [inaudible] freedom dot slash calendar. Um, yeah, it's, it's, there's not a whole lot of availability this upcoming week, but there's probably some slots left so you might have to go another weekend to the future to do that. But we just me on facebook, if you have a pressing need for something and I try try to answer everything I can on there as well. If you don't need to get on the phone, we can chat through facebook messenger as well.
Either way, have everybody had a great week in their business. I'm just super excited moving forward and I'm thinking it's still going to keep trending upward with the tactics that I'm using. So I look forward to letting you guys know how that works throughout the week. Check on my podcast, entrepreneur like you, um, you could subscribe to that on Itunes, that entrepreneur like you dot [inaudible] slash subscribed, that will take you over to itunes. What else? A friend me on facebook. Or you can go to my facebook group, LLC, freedom.com/group. That will, will take you out about facebook group. Either way, those are all the ways you can kind of contact me. Hope you're having a great weekend. Hope you have a great week in your business this week. A reach out.
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Welcome to entrepreneur like you with business attorney and entrepreneur chance reynolds, a daily podcast that brings you the best legal marketing strategies and storytelling tactics that will help you grow your business the right way. Hey guys, what's up? I'm trying to take a little pause before I started talking. Think because
I'm noticing that my facebook live start. I'm like already in the middle of a sentence or something, so I'm chance reynolds business attorney, founder of LLC Freedom Company that sets up a lot for entrepreneurs, real estate investors, business owners, people like yourself. Hopefully if you're watching this. So I started doing something that uh, uh, God, I don't want us to, I don't know if he would be considered a guru yet. Um, I think he's probably well on his way to being a guru, a Jordan's stanley pain. He's a real estate guy. He, he specializes in kind of purchasing multifamily properties and I'm holding them long-term to create long term wealth for himself regardless. He has a course where he teaches a. it's a marketing course, but essentially what it really actually is a personal branding course. And so I went through his course, I'm sure he has several other courses. Um, I was more curious about the marketing and it was a breath of fresh air because most marketing stuff when you, when you look at real estate investing has to do with how you're going to, you know, approach sellers, find sellers, send the mail driver drive for dollars, which is just, if you don't know what that is, driving around and looking for kind of a distressed property and then figuring out who owns it and they're getting them under contract and all that stuff.
I'm sure work. So those were all the traditional ways of marketing in real estate. But I'm going to stand in the way I think is much smarter because it kind of looks at just personal branding and all the gurus that you see pushing all these other, these other methods of marketing really. And the. And the reason they're even able to reach someone like myself is because they have a good personal brand and they're pushing their personal brand out. So regardless of that, Jordan, Jordan, Stanley pain has this program. I had no idea it was about personal marketing, but as soon as I got into it, first module, I was like, Yep, this is a, this is a personal branding, a method that he's using as a personal branding course and it's actually pretty bad ass. And I started doing exactly what he said with his facebook facebook page saying he suggested, you know, open up your facebook page, completely public, Max out your friends list with you know, as relevant to people as you possibly can and you're relevant target audience and start providing them value and showing them how valuable you are.
I started doing that and it changed my llc business immediately. I was intending for it to be something that was just the beginning of my real estate investment business, but it really blew up my llc business like immediately. And so I took his advice and you know, it started like a couple of people reached out to me on facebook messenger and then a couple people you know, reached out to me on my facebook page. Then people started reacting to the facebook lives that I was actually doing and then people started a booking my calendar and then all of a sudden my calendar filled all the way up and then it's like today we're um, you know, at the beginning of the week before I opened my calendar up and really started pushing it. I may have talked to two or three people a day and if I'm lucky I close one, one of those people through my calendar, like through that specific method, there are other ways that customers come to me and I closed them through referrals and stuff like that.
Um, but not just like cold, you know, cold people that are just now seeing me for the first time and then booking a booking a time to talk with me and then I'm getting on the phone and closing them. Not necessarily closing. And I don't even look at it like I'm trying to sell them at all. I'm just answering their questions straight up. Like I give him 30 minutes. Yesterday somebody, when I got on the phone with, there was a saying, you know, I know we've booked this for 30 minutes, but can I have an hour? And I was like, well, you're my last appointment. What? I can't really say no because my point, my purpose in this business is to help as many people. If you have an hour's worth of questions, I guess I'll sit here for an hour. And I did and I think we even went over an hour, but today I was, I was talking to so many people.
Um, I had 10 appointments today and I talked to every single one of them for as long as they wanted and provided them all the knowledge that I possibly could. Um, there weren't hardly any questions that I didn't know the answer to you. I'm pretty knowledgeable about [inaudible]. When people start asking me about other aspects, like their state planning and stuff like that, I have to shut it off because that's not my specialty and I'm not just going to pretend to know something I don't know. But one at the end of one conversation I had was probably the fourth or fifth person I talked to you and she was a real estate investor and she was curious about the llc and told me, you know, she had considered doing this and that, but she didn't know when to do it or what to do about it.
And I won't rehash the whole conversation, but I just laid it out like this is what we'll see is do lcs will protect you when you're entering into a contract here. You know, they'll protect you when a wholesale deal goes wrong. She was a wholesaler when a wholesale deal goes wrong in three months down the road, the person that you helped, you know, avoid that foreclosure situation and then an eventual eviction and all this being other record for six years, you know, you helped them move that property and then they get their assets in order like six months later. And then they turn around and realize that maybe I didn't have to sell that that property. And they're starting to delude themselves that maybe they weren't in as bad a situation as they actually were, forgetting how desperate they were to, you know, get out of that situation and avoid that foreclosure.
I'm, what contract do you think they're going to turn around and look at? Well, what they're going to look at is that contract with when you're, when you're actually the wholesaler going, getting them under that purchase agreement. Sorry, my brain is a bit fried right next to him and talking to little sees like all day hours and hours of that. So I probably talked about a little seeds for like seven hours straight with people today. Um, but yeah, so that's the contract they're going to look back at is the whole the purchase agreement that the wholesaler is putting the seller under because that's the first point of contact. And if you're entering into that contract and your own personal name, I'm a lawyer will be salivating at seeing that contract because they're going to know, you know what, OK, this is a good lawsuit is because there is no asset protection.
There's no entity protection of an LLC. There this weekend, if we sue this person and we win, this isn't a business that we're pursuing this as a person and then they have cars, they have the money that they're making up these wholesale deals from wholesaling your house, they have a home savings and there are other ways to kind of protect these things other than an llc in some states you can do. They have homestead laws where you can not allow credit judgments to, uh, you know, allow your house to get taken. But a lot of people don't even know about that and they never take a simple step of just filing this piece of paper with the county and lawyers can look that up in two seconds. And, um, if they see that you're going to be the person that gets sued, not the, not the buyer on the back end, that's going to be you.
And I just explained that, explained that and just laid it out just like that. And she was like, you know, you're just so passionate about the LLC. And I just started cracking up laughing because I just had like a triple espresso. I'm like, you know, 2:00 and her, she was like my 2:30 appointment and I was just laughing like, oh my God, I'm coming across like a complete maniac. She probably thinks I'm like coked up or something because I was just laying it out because I had just talked about the [inaudible] was so many clients or potential clients, you know, leads all throughout the day and just laying out. Most of them were in the same position as her being wholesalers and I just laid out like this, this is where the liability is in wholesaling and just laid it out like super linear. This happens.
Then this happens so you could lose this and this is why you need to do this before you do this. And she was like, yeah, you're so passionate about the LLC. Like I really appreciate that and it's like that's kind of a, that's like a good compliment. But it's. I never imagined myself to be super passionate about anything with the law really until I started this llc company and I realized the actual need for this. So it's been an awesome week. Just seeing other entrepreneurs that are so passionate about what they're doing and instead of just wasting time doing it, thinking that they have to do everything themselves. Actually reaching out to somebody who is knowledgeable and I'm helping everybody that reaches out to me whether they want to become a client of mine or not. I told them, you know, in the beginning if you reach out to me, I'm going to help you.
I'm going to answer your questions about the LLC and if you choose to turn around and take with the knowledge that I give you and go to legal zoom or go hire some other attorney, then that's just fine. Um, but I'm gonna help you no matter what, you got 30 minutes of my time. Let's hash it out. And it's frustrating with to be honest. Like, of the conversations are very frustrating because sometimes people think they understand it and they very clearly don't. And they think that you're. And they rightfully so, they think that you're trying to take advantage of them. I'm not because I am trying to take advantage of them, but because there are so many predatory people out there, so I understand that. Anyway, I'm rambling on. It's been A. I feel like I have a. those juicers like an orange juicer. Those have been scrambling.
My ears, you know, stuck in my brain is today, so it's been a. it's been a hell of a week for my business. I hope your business is going well. If you, if you're on here right now and you have any questions about the LLC, I'd be happy to answer them. If you ask them in like the next, like 60 seconds, I'll stay on here. If there are no questions, reach out to me. Go to Loc. Freedom.com/calendar. There it is. Go there. Set up a time to talk with me. I, I'm pretty full next week. If you want to get in tomorrow, how do you have some times to, um, tomorrow? Let me look. You can't actually book on my calendar. I have to have 24 hours advanced notice before you can book on my calendar. I have it set up that way. I have some times between, well, pretty much from two, 2:00 PM to 5:00 PM. Message me if you want those times to 2:00 PM to 5:00 PM central. Um, you can, you can just reach out to me, messaged me right here on facebook. Don't worry about going to the calendar because the calendar won't let you book until next week. And I'm like booked up for most of next week. So hope everyone, everyone's having a great night. Hope you had a great day and your business. Let me know how I can help you. Um, we'll see freedom.com/calendar. Hope to talk with all you guys.
Hey guys, thank you so much for listening. I really, really appreciate everybody tuning in and all the great feedback I'm getting about the podcast. I'm going to keep it up and I just wanted to say thank you. Also if you want to figure out the three ways that most entrepreneurs are getting themselves sued, you can head over to [inaudible] dot com slash get sued. I have a little freebie there that kind of outlines the three major ways that people are getting sued and how they can easily be avoided. So hop over to llc freedom.com/gets sued and pick that up today. Yeah.
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Welcome to entrepreneur like you with business attorney and entrepreneur chance reynolds, a daily podcast that brings you the best legal tips, marketing strategies and storytelling tactics that will help you grow your business the right way
for new hires and online entrepreneurs. More specifically, we live in this world where you understand at least you should understand if you're going into this, into this business. If you're really going into any business now, I'm someone's at least going to approach you and expect you to understand this or you're gonna have to hire someone who understands how online marketing works. If so, so the facebook hearings hearings, but mark Zuckerberg testifying in front of the Senate yesterday, two days ago in Congress yesterday and um, or the house yesterday rather. And
Yeah,
the questions are getting. He's getting asked, you know, are being highly mocked for sure. But what's more concerning to me is that the no, it doesn't seem that there are any elected officials that I can see that have any understanding of what modern businesses, these are the people that are regulating
how
business is essentially going to work, how facebook can do business, which affects, I don't think they understand how many people's businesses are built on the back of a social media and more. Most specifically facebook, like facebook has built probably more entrepreneurs and help more entrepreneurs launch businesses than maybe any platform ever struggled. To think of anything that's been as as empowering as facebook. Just because you can create a community so quickly, you can provide value to that community on a daily basis. Many times, days, many times a day is you want you can. You know you could even. You don't even need a website necessarily. I mean you need a way to take payment if you're in business, but you could do everything straight up through just a private facebook group and there are so many businesses that are done this way. So many people make millions and millions of dollars off of a tactics free tactics. Not even. I'm not even talking about running ads, free tactics using, using facebook. I've seen that's the most common way that people get into business. It's the best way to test business ideas as well. So I really, it makes me nervous to see,
uh,
you know, law makers
that are regulating potentially what can happen on facebook. Having these concerns about facebook that, that really don't represent what my concerns would be and what a lot of online entrepreneurs concerns would be. There's no one there representing my perspective on that and that scares me and makes me feel like, I mean, of course you shouldn't ever keep all your eggs in one basket and that's. Most people say, you know, an email list is more powerful than, than a facebook group or anything like that. But to build an email list to be able to communicate, it's just not the same thing as communicating on through facebook and through, especially now that there's facebook lives and you can just show your value immediately and drive people straight from facebook to a calendar, get them on the phone, talk with them about their problems and help them solve their problems.
Facebook is the best way to do. I think that's better than email because if you're using email, you can't just kind of have a live chat through email that uh, people can, you know, go wherever. I know people use zoom to do that, but I don't like. So it was not as good as facebook live doesn't work as well. At least not for me. In my experience. You may have had a different experience and that's fine, but I can only say what's worked in my business than with worked in my businesses. Facebook using facebook live, my personal facebook profile. And before that, even to a much lesser extent, a facebook business page and a facebook group, but using my personal facebook live to communicate my value by teaching, giving away free information on facebook and then asking people, hey, if you have any further questions or if this is something you liked or you want to work with me, you needed help from me, then go to my calendar and let's have a chat.
And here's my calendar. That's, for me been the funnel that's been the most successful. That's really, I'm building my business on the back of that very specifically, you know, tactic that very specific funnel. So when I hear Orrin Hatch or one of these old time senators that's just been around for like 20, 30 years and is so isolated, doesn't have a clue of what business looks like today. At least for most entrepreneurs. I'm not talking about massive corporations. I'm talking about most solo entrepreneurs that are using vas or, or maybe a couple of employees to run their business. Um, him not understanding how facebook even makes money. It's one of the biggest players on earth in every arena of politics, money, m, e, commerce, anything, anything you can think about. Facebook is in the middle of it and he doesn't even understand even the basics of it.
Not like you need to understand how the Internet works, but just understanding that facebook, this billion dollar company, how, how they make money in the world, they're like swinging elections one way in the other and he doesn't understand it. They run ads. That's scary to me. Like, Oh my God, these people who knows what kind of dangerous stuff they're going to do, trying to regulate facebook. Ah, not understanding that that's they're regulating businesses that they have no clue what those businesses are doing. So yeah, I know everybody's been looking at that the last several days, but it's just, it's scary. It's pathetic in a lot of ways. And I don't know that Mark Zuckerberg is really. His job isn't until prop up all these businesses. I mean, he, his job is just kind of run his own business. Um, but it scares me that he's kind of the representative of that.
I probably, he's not what facebook is today, probably doesn't resemble really what he, you know, his soul vision of it, so I'm not sure he's even the best person to be answering these questions and I think he's said that many times, you know, just saying like trying to just say I don't know the answer to that question. You'd be better suited like talking to someone in my team when they asked him a very specifically to how, if he would help them draft legislation essentially that's what they were asking him and he was like, what? Like I don't really do that. I try not to like be involved in this aspect of like lobbying lobbyists. A lot of times I will actually write the laws. That's not some conspiracy. That's just reality of how it is. Most industries that are being regulated or at least trying to draft original versions of whatever the final wall is going to be regulating themselves.
It's the craziest system. It makes no sense to do it that way, but that's just how it is just reality. And I think that they're just reaching out to him like, OK, we need you to draft this thing up, tell us how to regulate you best because we don't know what the hell is going on. And he's like, well, I don't really know what the hell is going on either. That's not really my position. But, uh, certainly I'll have my team look into it, you know, because they have. So you'd be a fool to think they don't have a lot of money going into a congressional campaigns. They do. I'm sure that they have a on both sides of the aisle. They have a lot of money out there representing their interests, um, for this very specific reasons. So I don't know. That's what's going through my mind today.
Business has been great. I'm not trying to be negative whatsoever. Businesses really good. But in the back of my mind I'm watching that going, Huh, this is my, my businesses for better or worse. The reality is that I rely on facebook a lot. It's not the sole thing I rely on, but that's how I drive most people to my email list is through facebook, so I'm using email, but my traffic source, my free traffic sources, facebook because I can communicate directly with potential clients and that's really valuable to me because I have valuable things to tell them and uh, facebook is a great way to, to reach them. So I don't know. Let me know what you think. Hope everybody's having a great week. The week's wrapping up, I hope you're out there doing some personal and building your business so everybody have a great day.
Yeah.
Hey guys, thank you so much for listening. I really, really appreciate everybody tuning in and all the great feedback I'm getting about the podcast, so I'm going to keep it up and I just wanted to say thank you. Also if you want to figure out the three ways that most entrepreneurs are getting themselves sued, you can head over to llc, freedom dot [inaudible] slash get sued. I have a little freebie there that kind of outlines the three major ways that people are getting sued and how they can easily be avoided. So hop over to llc freedom.com/gets sued and pick that up today. Yeah.
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Welcome to the entrepreneur like you with business attorney and entrepreneur chance reynolds, a daily podcast that brings you the best legal tips, marketing strategies and storytelling tactics that will help you grow your business the right way. So for the first time
since I've started my business, my calendar has for this week over 15 people just today, tomorrow and Friday that I'm going to talk to you about setting up C's. Um, that's a good thing for sure. It's not like I want to be complaining about the potential business that I have coming into my business. Uh, I'm happy to help as many people as I possibly can. I want to be able to talk to every one of them. But the realization that I'm at a single point of failure in my business kind of swept over me in the middle of the night last night. And I'd literally just like popped out of bed at 2:00 AM. Just woke up like worried about it. Like, oh gosh, I have all this potential and why business? How will this, these potential clients coming in? How, what's going to happen at BAE, if tonight I get sick or something, I get the flu and it's to the point where like I can't take, you know, all the proper steps I need to do to help these people and then I lose all these potential customers and my reputation, you know, in that community of real estate investors becomes damaged because I just did not set up to handle this level of business yet.
And it just like kind of scared the hell out of me because I want to be able to serve as many people as I can and I know the best way to serve them as to actually speak with them one on one. That's kind of the difference between what I provide or what other companies provide. And the thought of, of not being able to do that is, is not uh, something I really look at. So if k. So when I started my business, I'll say this, I started my business thinking I was going to model it after something like a, a, a closer to what, what inc filed us. That's a business that is similar to legal zoom way smaller and what they do is just just do, you know, filings don't worry about like wills and divorces and everything that, that, uh, legal zoom does and I kinda thought, you know, that would be something similar that I would do, like I would talk to people that I would just drive them straight to this kind of funnel that they would go through.
Um, but it just turned out that like to do that wasn't really feasible without spending a ton of money on a website that had a, uh, an order form that was really dynamic for each state because there's just so many different possibilities for what people need. They might need a registered agency, they might not, they might need multiple also use which if they do that, I want to be able to provide them with the discount, things like that. So I kind of abandoned that and just started talking to people one on one since most of my stuff for referrals, that's makes a lot of sense to talk to people because they want to actually get you on the phone. And at least know who the hell you are. If they just want to just go through an online funnel, they can just go do it themselves.
They want some actual guidance. So I have a pretty good idea of how I'm going to solve that where I don't have to have to actually speak to every single person and answer every single question. I'll still speak to a lot of people, but some people just, they would just want to be done, you know, they just want to move forward as quickly as possible. So I've got to figure out. So that's gotta be my first step to speak because that's literally going to keep me up at night until that, that gets done. So today, that's going to be a big driving force of what I do. I have to talk to all these people, but then I might have to close down my calendar for a couple days next week. So I can just focus on this because I have help. I, you know, as I said yesterday, the podcast, I hired someone to help me with the filing aspect and that's going to be tremendously helpful.
That takes a huge load off of my mind knowing that I have someone that's knowledgeable, that's professional, that's done as many of these as I have and I'm a trust him a lot to move forward helping me with that aspect of the business. He's not going to do all the filing, but he's just going to take a small, small bit of the load off of me so I can, you know, do promotion and things and get on the phone with people and operate the business in all the other arenas that I need to do. But um, that's just one aspect I need some way that I can have someone else that's maybe talk to people because if I get sick and I can't talk to people, that's like a pull out a potential business that goes out the door. And I don't want to be a single point of failure in my business.
I don't want to be, I want my business eventually, you know, maybe in six months to a year from now, it'll be something that'll probably was to walk away from it. It could operate, you know, if I would need to go out of town for take my kid on vacation for three or four days, my business isn't just going to come to a screeching halt if I do that. So that's what I'm thinking about today. Hope everybody's having a great day. I hate to complain on here, but my business, because everything's going well. It's going way better than it ever has. Everything is growing at an exponential rate. Um, but I'm still the single portal failure my business. And that makes me very nervous.
Hey guys, thank you so much for listening. I really, really appreciate everybody tuning in and all the great feedback I'm getting about the podcast. So I'm going to keep it up and I just wanted to say thank you. Also if you want to figure out the three ways that most entrepreneurs are getting themselves sued, you can head over to llc, freedom dot [inaudible] slash get sued. I have a little freebie there that kind of outlines the three major ways that people are getting sued and how they can easily be avoided. So hop over to llc freedom.com/get sued and pick that up today. Yeah.
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To entrepreneur like you with business attorney and entrepreneur chance reynolds, a daily podcast that brings you the best legal tips, marketing strategies and storytelling tactics that will help you grow your business. The right way,
and I've really been implementing in my business recently is reaching out to other leaders in different industries. So for example, I talked with leslie black whose a, an accountant and provide really comprehensive financial services for businesses. So it's not just accounting, it's like, what is your problem? We have a team of people to solve it. So I had no idea how, how well that was going to work out. But um, she works with a lot of clients, love her clients, needed all CS. And just by having a discussion with her and going on facebook live, we established a relationship where, you know, we're, if somebody comes to me looking for financial advice, that's not really what I do. So I send them. I will be sending all those people over to leslie black like, um, and she's going to have a course as well soon.
And I'll be be suggesting that course too, because I know just from talking with her that she's really good at what she does. She's very knowledgeable and she, and she's smart enough that if she doesn't know how to do something, she'll find somebody who does and um, she's reciprocating and her clients need to know. We'll see. She's sending them my way so that, that's one person that I did that with. And then I reached out to another, uh, somebody I don't really know as well and that I'm so busy. I'm not sure he would even want to do an interview like he doesn't really need anything from me is Max Maxwell who's a real estate investor and kind of quickly becoming an online personality, like just doing personal branding, like in the smartest way maybe of anybody out there right now. Almost at the level of a, like a Gary v or something where it's like he has somebody full time traveling around with them just to create youtube video blogs and q and a's and stuff.
Uh, just creating massive amount of content and not really selling anything. Just free content over and over and over, building up his personal brand because his business is real estate, so he doesn't need to make money off of his content really that much. He does charge money for people to call them on the phone, I suspect not because he needs that money, but because so many people will be reaching out to them. So I reached out to him and told him, look, this is a massive problem in your facebook group with your community. Um, [inaudible], I have a solution, you know, I'm trustworthy here. My credentials, if it's OK with you, I would like to offer your facebook group something. Uh, you know, very discounted. That's very valuable to them. And uh, I had no idea he could've just, I honestly assumed he wouldn't even respond, but I was like, you know what, it's worth reaching out to them and I'm not going to do this to like every group because then it wouldn't really be special.
I'm only doing this for his group, at least in that niche. I might do it for online entrepreneurs in a different group, a different group that I see people asking that question. But uh, for now I reached out to him. He got back and said, yes, people have been scammed in this group. Just make sure to let them know that I said it was OK and go ahead. And so I did that yesterday and I just, instead of just driving people to like an online form, I'm driving them to actually talk with me. Like let's get on the phone book, something on my calendar and let's chat and probably I'm leaving money on the table by doing that. I could just send people to a form and just shoot them a payment link and never discussed with them what their issue is. But then they'd be in the same position of not understanding what the LLC.
The purpose of it is. So I actually want to talk with them real quick just because I just feel like that's so helpful. It's helpful for me. I put a face to the, to the business and it's helpful for them and I'm not going to be to do that forever, but for right now it's so mutually beneficial that there's no reason not to do it. So there's the, there's a whole method of reaching out to other influencers called, uh, I think it's called dream 100. And I know Russell Brunson talks about it and, uh, I think one of his kind of proteges is a guy named Dana Derek's. I believe that's what his dream [inaudible] book is. He sells books. This is crazy, but he writes books and sells them like high ticket books, like $2,000 for a book. I don't know what the dream 100 costs, but I know ultimately the dream 100 idea because I'm not going to pay $2,000 for a book.
I'm at least not right now. But the idea behind the dream 100 is that you reach out to a hundred influencers and try to provide them value. And by establishing that relationship, like, you know, you'll get something reciprocated back to you. But ultimately it's just providing them some value, so I'm not going all the way to making a list of a hundred people and reaching out to them providing value. But, uh, if you did that, man, that'd be a hell of a smart way to start a business. I mean, paid traffic is great and I've talked about on here like you don't know if you have a real business until you can drive paid traffic and if you're, if you're in the online realm, I think that that's probably true. But for me, referrals for the LLC business, at least referrals have just worked so much better.
Like paid traffic, uh, estimate, crack that code. I'm still going to be working on cracking that code because that could really explode your business to where you're kind of a local business to all the way to, you know, where you're competing with, with people like legal zoom and I've talked about on here in the last week. Um, this is like, not necessarily all that realistic, but I do want to compete with legal zoom. I do, I, that they created a million [inaudible] I would like to create a million little cs, um, cause that means I can help a million people and I can establish a business at the same time, but I'm keeping my prices, you know, reasonably I see some online companies doing it for like 40 bucks, but I guarantee you the data, they cannot speak with their clients. Like there's just not a possible way that for 50, if you offered it for 40 or $50, you're probably setting up people.
You're running into the same problem as legal zoom where you're setting up. People are setting up the LLC season the wrong states and with wrong information and they don't know what the hell to do. And ultimately like, um, you're probably gonna get a bad rap. Yeah. You're going to push a lot of people through your funnel and through your business. But I just don't, that's not how I want my business to run yet. Maybe someday down the road I'll just say this is a lost cause and, and a lower my price to something like that. But right now, no, I'm not doing that. I don't have the highest priced product. I don't have the lowest priced. I'm kind of right in the middle and that's, that's fine by me. Of course. I'd rather have like a thousand dollar product that it's like I only need to sell 100 people a year to have a six figure business.
But as of right now I'm just focused on doing these levels and I'm still learning the real estate business and still still possibly going to be launching a pre-foreclosure litigation firm. Um, hopefully this summer, maybe, maybe next month. Um, but that's really up to my business partner who's already in that business and how quickly he can kind of move from his business to this business. So, so many things in the works. But my llc business right now is just as bumping like it's never. Nothing I've ever done has ever resulted in this many, um, calendar one of my calendar. It's like filling up this fast. So it's going to be a hell of a week. Every week is becoming busier than last week. I hired somebody yesterday to help me with the [inaudible] and really excited about that. He's already handled [inaudible] LLC. I'll probably have him handle about half the all season and come through, um, meaning like just telling him, look, this is, this is what I discussed, here's what the client needs.
And then he just sets everything up and he's a former attorney and working as a paralegal now so that, that relationship, I think it's going to be pretty great. Interviewed him yesterday. He was the first person I interviewed and I hired him. I know that's not necessarily always the greatest thing to do, but he was just such a good fit that I was like, let's do it. Um, for somebody else would snatch them up before I could. So either way, that's what's going on. Crazy day. Hope everybody's business is growing. Hope you're reaching out to other influencers in your arena, in your market and establishing relationships. Um, because that is one quick way to lift your business off the ground. Hey guys, thank you so much for listening. I really, really appreciate everybody tuning in and all the great feedback I'm getting about the podcast and I'm going to keep it up and
I just wanted to say thank you. Also if you want to figure out the three ways that most entrepreneurs are getting themselves sued, you can head over to llc, freedom dot [inaudible] slash get sued. I have a little freebie there that kind of outlines the three major ways that people are getting sued and how they can easily be avoided. So hop over to LLC, freedom [inaudible] slash get sued and pick that up today.
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Welcome to the entrepreneur like you with business attorney and entrepreneur chance reynolds, a daily podcast that brings you the best legal tips, marketing strategies and storytelling tactics that will help you grow your business the right way.
Alright, so it's episode two of coffee on, on a white trash porches with garbage. The name is so long. I can't even remember what it is this morning. Instead of roosters crowing, like last week I'm up a little bit later and it's like a duck fight or something in the background. So if you hear that, I'm pretty sure there's some sort of duck war going on at the pond in the creek, whatever next to my house. So I hear that. It's not like I'm not. I don't know if you guys ever saw that Sarah Palin video and she was running for president and she was like, I think it was maybe even on Thanksgiving or something, but it was like she was like a Turkey slaughter house for some reason. She was doing press there and she's talking about how great the country is or whatever in their binder there, like decapitating Turkeys in the thing.
That's, I'm not, that's not what's happening here. Even though that, that a, a great place to do a podcast. I guess maybe I'll go to the Turkey slaughter house next time I want to do some press, but uh, this week was one of the best weeks. It's not one of it was numbers wise, the best week I've ever had in my business, in any business I've ever been in. Um, I have to attribute it to the facebook live posts. So I, I, I'm assuming people know what I talk about, what I say. I've opened up my facebook. So when I say that opened up my facebook, what I mean is that I am doing all of my, my facebook live streaming from my personal facebook profile and everything is set to public and a lot of people don't want to do that because they're afraid facebook is going to not be like a fun place to be for them anymore.
And it's just all business and they're afraid of broadcasting their personal life and mixing personal and business and all that. But the truth is, uh, for me, I'm willing to sacrifice, have facebook being kind of a fun place for me to be an exchange for growing my business because my business to me is more important than my facebook profile. And if your business is not more important than your facebook profile, then maybe you're not ready to have a business and if you're struggling, if that's something that you want to do. So really ultimately it's just about personal branding and reaching more people. It's establishing yourself as an expert through providing a bunch of free value and you hear that all the time, like provide value, provide value, and half the stuff that people reach out to me about is like, how the hell do you.
Are you like doing the things that you're doing? How are you providing this much value for free? I swear I get messages like that every single day and I just tell them no, that's not what I charged for. I don't charge to, to tell them how to not make mistakes on legal zoom. I don't charge to, uh, let them know the nursery LLC, an s corp I charged to help them get those things set up. So yeah, so that's what, that's what I charge for and don't mind providing a lot of free value to show people that I am valuable. It's not like I'm trying to trick them into knowing, liking and trusting me. Those are the three things that you need people to do before they pay you a, it's not a trick, it's just reality of showing that I am knowledgeable in those areas. So that's what I did this week.
It resulted. My goal, I talked about my podcast on Monday morning, was to make a one sale a day straight up just through facebook and I exceeded that. I made more than I ever have, more than one sale a day where I'd never even got off of facebook to make the sale. Meaning that came in through some sort of value posted I provided in a group or answering someone's question about an llc somewhere or a friend request. Somebody and I saw alive from there, they messaged me, I provided them value, told them what I do, answer every possible question they had and um, didn't pressure them to, to buy anything, but then when they were ready they purchased from me and that happened more than once a day this week and with what I don't have a thousand dollar product, um, if I did, I could automate it probably a little bit more because it wouldn't be like a one on one type situation.
I haven't implemented a ton of systems in my business just yet. But uh, this week got so busy that I realized I need to have way more system. So the next week that's going to be something I'm focused on is maybe bringing in a legal assistant or a paralegal. That's kind of the plan for this week is figuring out how I can create a system to answer all the commonly asked questions to frequently the Faq, the frequently asked questions. I really want to have a better online forum that kind of explains each piece of information that I need. Maybe in video form because I have it where it's written out and it explains like for example, like what a registered agent is and what they do, but everyone when they get to that question, they just email me and ask me and that's pretty soon. That's going to be not reasonable for me to answer every one of those questions, one on one with somebody and I don't really want to pay somebody to do that because that's just going to, I'm not, I don't have that much business where I could pay somebody to just answer every email.
I would rather answer as few as even if a few emails as I can or have some sort of automated thing where they have that question, I can just fire off a video to them. Like, here's exactly what you're asking because I get asked as every day, here's the question to it, just to Faq so you can save time. Um, so that's one thing I'm definitely going to do this week is just frequently as questions. I'm starting to interview some legal assistants, paralegals, and uh, utilizing the, um, virtual assistant that I have now a little bit more effectively to help me create some, some to uh, sorry about batteries dying to help me create a little bit better of a flow for my customers and for myself, my workflow and a followup sequences and I appreciate, I got to figure out what an upsell in the business on the backside of an llc because there's other valuable things that these people need.
Um, I need to figure out what that is and I need to figure out how to a, create something else to sell people because I don't want to just have a one time product for customers. It's a lot easier to sell customers that are existing customers than it is to create new customers. And so I need to start working on that. That probably won't be this week because I'm going to just work on systems this week and continuing to provide value on facebook. Either way, this is a long rant of, of what I'm going to do. I also need to create a spreadsheet of the people that I need to follow up with this week. Uh, you know, I'm just going to do all that frequently asked questions, still working on those just like I did last week, a spreadsheet where I'm putting all these common questions in there this week.
I'd rather start just knocking out videos, um, to answer those. Yeah. So great week in my business. Hopefully this week is twice as good or at least as good and uh, I'd be happy to if it just stayed the same this week while I'm creating these systems because if it gets even crazier this week, man, I'm gonna have to like hire somebody so quick that it will, it won't be a, probably a very smart hire and I hope I don't have to do that. So either way, hope everybody's having a great weekend. Thanks for tuning in. Like, and share this. If you see this also you can, you can find me on facebook, facebook.com/chance reynolds. I think that's it. Or you could just google me and facebook. So the first thing that comes up, chance reynolds. Either way, hope everybody is having a great weekend. Hope you're sitting on your a white trash porch with garbage and having a coffee as well and relaxing a little bit this weekend.
Hey guys, thank you so much for listening. I really, really appreciate everybody tuning in and all the great feedback I'm getting about the podcast, so I'm going to keep it up and I just wanted to say thank you. Also if you want to figure out the three ways that most entrepreneurs are getting themselves sued, you can head over to llc, freedom dot [inaudible] slash get sued. I have a little freebie there that kind of outlines the three major ways that people are getting sued and how they can easily be avoided. So hop over to llc freedom.com/gets sued and pick that up today.
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Welcome to the entrepreneur like you with business attorney and entrepreneur chance reynolds, a daily podcast that brings you the best legal tips, marketing strategies and storytelling tactics that will help you grow your business the right way.
People ask me this every single day. I have a story about working in a call center, um, as probably I was 16, I may have been 15 years old. Um, so the, so the question that people ask me is, should they set up their [inaudible] with legal zoom? It's the strangest thing because people will set up a time to talk with me like a free consultation. We'll get on the phones having to meet at least once a day. I'll spend 30 minutes answering their questions about the [inaudible] and, and, you know, they understand that I have a company that sets up all season and at the end of the thing they're just like. So I should just use legal zoom, right? It's like what the hell is going on? Because I, I charge the same price as legal zoom. I have obviously demonstrated value. Um, that's more valuable than legals in whatever bill to give you.
So I've worked in the same building that [inaudible] was in. It's one of the reasons I started my llc business. Here's what legal zoom is like on the inside. Legal Zoom has a hell of a brand. Um, and, and what they do, there's nothing necessarily wrong with what they do, but all bay, essentially all they have is just a website with a call center and all the, all the service that they provide is, is just, uh, a website. That's it. So, I mean, that's fine. I mean, I have a website as well where you can set up a sees. It's just a form. It's just filling out a form, but it's, do you know what to put in the blanks properly, you know, do you know what's right for what type of business you're in? And obviously you don't like it. There's no question that you don't.
So anyway, I worked at a call center when I was a kid for. I worked at several different, a telemarketing jobs. I worked one where it was like vacation rentals sales where you're just like straight cold calling people and basically telling them like, hey, you come to this timeshare thing and you can get two free tickets on a cruise or whatever, you know, just some bs that the company it would have you do. And it's just kind of crafty salesmanship. I wasn't great at that. Um, I wasn't the worst but I wasn't the best friend of mine that I went to high school with really was the best, like keep rocking it up in the company and for all I know he like runs that company now. Um, but it was a bunch of kids working there. Like the oldest person there was probably like 30 and that's the guy who was running [inaudible] to people who are underneath them. The rest of the people there on average work anywhere from 15 years old to 22 years old or something. And it paid like
for a 15 year. It was like, at that time you gotta remember, this is like 20 years ago, it probably paid like 10 bucks an hour or something, which was double what any you could get anywhere else, uh, as before you're 18 years old, you know, like working at minimum wage because you couldn't wait tables really or anything when you deliver pizzas until you have a driver's license. I didn't have a driver's license yet until I was 16. So, um, yeah, there wasn't, like, it was a great job for that. But I'm telling you what, I worked in the same building as legal zoom I worked at, I was working for a
reviewing documents for a little, a big lawsuit involving pharmaceutical companies. That's basically all I can say about that. Anyway, it was a big space that was rented cars. There were millions of documents that had to be going, you know, people had to go through, um, and a bunch of attorneys worked on this job regardless. There wasn't like a big deal when we were doing. It was kind of like a crappy job as well as right after I got barred. But a legal zoom was in the same building. This was an Austin, and this was like probably two years ago. The people who worked at legal zoom, all good people of Austin, nothing wrong with Boston and nothing wrong with like hipster people, but they were like the same type of people that worked in the call center when I was a kid. I'm sure they don't have 16 year olds working there.
They're like, you probably had to be 18, but that was probably the only requirement for working at legal zoom is that you're 18 years old. It's not like you have to have any expertise. They understand the yellow probably maybe a tiny bit better than you do. Which is to say if, if you're, if you're reaching out to me about little, you probably don't understand them. That's fine. You don't need to understand them. That's the point of somebody like me. But if you're, if you're having somebody set up your llc, it doesn't make sense to, to hire some, a company that that's what they do just because they have a great brand. Um, and I don't hate legal zoom, but I do, I am motivated by what I saw there to say like this isn't a good solution for business owners. Like they do a lot of things that are convenient and that are good and that's fine, but the solution that they're providing for business owners when it comes to [inaudible] specifically is a sub-par and overpriced for what you're getting.
Really. You should be able to pay the whole thing for what they give you for like 20 bucks because that's about the value that they provide. When I look at it, I mean they have a very nice website and that's fine. But uh, and there's nothing wrong with that. And there's, there's hate them because they're a competitor. I don't hate them really at all. But I hate that people think that they're the gold standard of a, creating a business when really they're like the garage sale version of creating business. And that's, I, you know, I want to compete with them. And eventually. So if you follow Gary, Gary v, like one of the things he wants to do that he knows he's never going to do is buy the jets. Like that's like his goal that drives him forward and like all of his businesses, it's like he wants to make billions, billions of dollars.
We can buy the jets. If you followed a real close, you've heard him say like he knows he's never going to buy the jets. He knows that's never going to happen. That would ruin the fantasy and he doesn't really actually want to buy the jets. But that's just a way of showing how motivated and driven he is. Well, I want my company, I want to. I want to have a company that as far as the [inaudible] are concerned, I don't want to do wills and all the other forms and stuff that legal zoom does. Like I don't want to provide like cheap divorce options for people, but I do want to be the gold standard for [inaudible]. I want to knock them off the pedals pedastool for creating more [inaudible] for more entrepreneurs. Legal Zoom. Like, that's my goal with my company and I know I'm not even nearly there and probably will never get close to being there because they're billion dollar companies not owned by like a bunch of attorneys are something that are driven to help people and provide legal solutions.
It's owned by a billionaire investors. That's who owns legals and that's why that's what's driving that forward and that's why they, you see their ads everywhere because there's some really smart business people behind legal zoom, but their purpose is just to drive a lot of traffic and make a lot of money and basically the garage sale version of like legal documents and legal help. Um, and more power to have them, you know, that's fun. But if, if I have anything to say about it, I'm going to knock them off as far as helping people and provide a, an actual decent solution for entrepreneurs when it comes to understanding a little c and getting, getting their llc set up quickly and cheaply. Like I can set it up at the same price twice as fast and twice as accurately. And you know, maybe I don't provide like a stupid little binder that they provide that. So just a dust collector piece of garbage that just doesn't serve any purpose is perceived value. There's no value to it. Um, but I don't provide that because it's unnecessary. There's no reason for it. Just branding is just branding and that's what they're good at. Anyway. That's my driving force of my lc business. That's the big overall goal of [inaudible] business. Legal Zoom is like the jets, you know, for me, I want to conquer them and take them down as far as being a bigger force in the LLC business.
Hey guys, thank you so much for listening. I really, really appreciate everybody tuning in and all the great feedback I'm getting about the podcast and I'm going to keep it up and I just wanted to say thank you. Also if you want to figure out the three ways that most entrepreneurs are getting themselves sued, you can head over to llc, freedom dot [inaudible] slash get sued. I have a little freebie there that kind of outlines the three major ways that people are getting sued. And how they can easily be avoided. So hop over to llc freedom.com/gets sued and pick that up today.
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Welcome to the entrepreneur like you with business attorney and entrepreneur chance reynolds, a daily podcast that brings you the best legal tips, marketing strategies and storytelling tactics that will help you grow your business the right way. So if
you've been following me for the past two weeks, are following this podcast for the fest past couple of weeks. I've been on a really huge personal brand push and one of the things that I've been doing really the main thing that I've been doing is just pushing stuff through my actual personal facebook profile, not through a business page, not through a public figure page, just through my actual personal profile. And um, it's had amazing results. I mean the results I'm making twice as many, 10 times as many connections. So I have 10 times at least 10 times more people reaching out to me, um, you know, potential leads and I'm closing twice as many. I'm thinking it's because I'm reaching more people for one. So they're unreachable more people and they're, they're able to kind of go through that know, like, and trust process a little bit quicker when you're doing things for your personal profile instead of a business page, there may be something to the fact that if you're going through your personal page and you're providing value through your personal page that you are putting yourself out there a bit more and people may be less skeptical of what you're doing and what you're selling.
So definitely going to keep doing that. I did not do a facebook live yesterday just because personal stuff like my kid's been sick and then I got slammed with elsie stuff and I wanted to just focus on getting those little cs, you know, done. And I had a bunch of phone appointments and then at the end of the day I was just like, you know, if I do a facebook live it's going to be half assed and I don't want to do that. I'd rather just not do one. So I knew I was going to do one every week. I mean every day this week. Missed one yesterday, but the previous one that I did with leslie black went so well that if you listened to the podcast yesterday, that's what I used as the podcast. Um, people that never are not even really interested in business reached out to me about, about that facebook live and it had another do with me.
Leslie is just a pro and a, it was her first facebook live but she killed in dish mainly just because she's so knowledgeable. It's not like you have to be a great performer or something to be on facebook live, but if you have a grasp on what you're talking about, what she sure as hell did, um, then there's no reason not to do it. And she talked really broadly about stuff. We were talking a little bit afterwards and about just kind of future topics. And I said you could really drill that down into like 10 different facebook lives because she talked about everything. She, you know, not everything she knows, but the big time problems that, that her clients have. And that's so super helpful because that does the same problems that everybody has. When it comes to bookkeeping and finances and getting everything straight and what's the first step to take and then a little bit more of the advanced stuff, you know, after you take those first couple of steps down the road, how are you going to save money on taxes and just all of that.
So it was great. I wish her the best of luck with she's going to be launching a course. I think she's going to have a massive, massively valuable course. You never know who's going to buy what. But if I was a betting man, I would be betting that she's going to have a pretty successful launch on that course just because her content is so. It's real, it's actually accurate and it's good. And so really enjoyed that. We're going to be hopefully working together a lot more. So in the process of building out my personal brand, using my facebook as successful as it's been, I, I've made a mistake. Um, there's one thing that if I could go back and do differently, I would. And it may be that there's just some setting in facebook messenger that I'm unaware of. So every time I'm connecting with all these people, so I'm not even sure where I'm at.
I'm probably at about. I'm definitely over 3000 friends now. So I've gone up, you know, 2,500 people in a week. And every time those people reached out to me by messenger, I thought facebook messenger would be a great place to, to interact with everybody. And I talked about this last week. I made my first deal all the way through facebook, you know, like meeting somebody on facebook, exchanging messages, making a phone call through facebook messenger and sending my payment link through facebook messenger. And that worked. And I've done a couple more like that. It's not the only now I've done two or three deals like that, um, in the past week since then. But every time I connect with one of these new people in Messenger, I get a notification that says like, you know, you're connected with this person in a messenger. And I used to love that because I would go through those and do, does a message or voice message drops [inaudible] and personally reach out to each person.
But as I've been growing this thing like so quick, it's just not reasonable for me to send [inaudible] 500 [inaudible], which is just a little recording voice recording, introducing myself to people. Um, it's just not reasonable. So when people reach out to me, I respond, I try to, but for the most part there's too many people. So here's where the mistake comes in. It's, I talked with people on there and I just was basically assuming I could use that kind of as a crm on its own. I have hubspot, so I use that as my crm, meaning I, I put the customer name and information in there, phone number, email, and it keeps track of when you've had contact with them. And I just thought messengers good enough to do that on, on its own. And if you have 500 people in messenger, that's fine. But when you're adding 2000 people, stuff gets lost.
I can't even find like to have the conversations with the people that I pretty sure that if I would just follow it up with them, I would be able to make a sale. I can't even find them in my messenger and I, it's just, I've talked to so many people I can't remember. So I made a mistake. It costs me money, costs me sales. So if you, if you are doing, you know, if you're using facebook to build your personal brand, you're growing at huge real quick. Just don't get lazy on that. It was just laziness on my part. I just thought I don't need to. I don't like to take this stuff done in hubspot. It's all right here in messenger and in facebook messenger every day. So I'll, I'll clearly see this. Not expecting that a thousand, they're going to be a thousand messages between, um, the time that I talked to him at the time I wanted to follow up.
So two people probably lost sales or at least lost credibility with those people because they're just like, I was like, yes, I'll follow up. And even though both of them were not like right now, they were like, you know, let us know and we're pretty interested and all I needed to do was just follow up and say, Hey, do you feel comfortable? You know what we talked about? Here's how you can reach out to you so you can make payment. If you're ready to get started, that's it. And probably at least one of those would have closed and that would've been several hundred more dollars than money in perpetuity. But lesson learned, when you lose a deal because of a mistake, you better not make that mistake twice because you keep making that mistake. You'll be out of business and follow up is really where the money's at.
Referrals are big cause you generally, those people come to you pre-sold. A cold traffic is really important if you're driving paid traffic, but if you're a following up with people, there is just no reason to even be in business because why waste all your time trying to convert cold leads. When you have somebody that's warm and already you've already actually spoken to on the phone and walk and provided them value, so I made a mistake lesson learned. Hopefully you don't make that same mistake, so if you're growing your personal brand on your facebook, if there's some setting in facebook messenger that I'm unaware of, I'm going to look into that today and see if I can get that turned off, get that feature turned off where it notifies me and puts a message in my actual messenger stating, you know, you've connected with this person.
If I can turn that off, I will and I'll let you know about that tomorrow if possible, but if you can't do that, just make a spreadsheet. If you don't have a crm, just make an actual spreadsheet on google sheets and just put the person's name in the time you talk to them in the day you want to follow up with them. That's all a crm does. That's all it does. You could probably set up a notification in there to using some sort of automation tool like Zapier, but I'm not going to go that far either way. Have a great day. Don't make the same mistakes I make whoever everybody is closing some deals today. Hey guys. Thank you so much for listening. I really, really appreciate everybody tuning in and all the great feedback
I'm getting about the podcast, so I'm going to keep it up and I just wanted to say thank you. Also if you want to figure out the three ways that most entrepreneurs are getting themselves sued, you can head over to llc, freedom dot [inaudible] slash get sued. I have a little freebie there that kind of outlines the three major ways that people are getting sued and how they can easily be avoided. So hop over to llc freedom.com/gets sued and picked that up today.
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Welcome to the entrepreneur like you with business attorney and entrepreneur chance reynolds, a daily podcast that brings you the best legal tips, marketing strategies and storytelling tactics that will help you grow your business the right way. All right guys, that is Tuesday morning,
massive day yesterday. Just like busy end to end, which I really enjoy that things I did last week and then I did over the weekend, really pushed into this week and you know, my day filled up really quick and it looks like my week is filling up really quick and I like that. The one problem I do have is that I'm working so much inside my business that it's hard to work on the things out, you know, work on my business and I don't know if you've heard that before, but a lot. One of the goals as an entrepreneur, as a business owner should be that you work on your business and not in your business. I mean, of course that doesn't go for every single niche and every single business on earth, but for most businesses, that's the. The only way you're going to be able to really scale and grow your business if you can find a way to systematize and, uh, you know, replace yourself inside of the business, either systems or people or both and you can work on kind of being the rainmaker and bringing in new ideas and new clients and getting your face out there and being the personal ambassador basically for your brand and for your company.
So I worry about that. So I'm still going to try to do a facebook live every day and work on trying to automate a few more systems. But one of the mistakes I made early on when I started getting into, into online business and launching businesses is that I would try to systematize and automate my processes too quickly. And that can be as big of a problem as not having any symptoms at all. Because, um, if you haven't done the sit down face to face stuff. And I mean that like face to face. Just being that you're taking the client through the transaction from beginning to end. Meaning you're doing the marketing, you're doing, they're coming in and you're doing the, the, you know, the inbound answering calls, answering the emails and figuring out what the problems are and solving those problems and then you know, closing and then putting them through the sales process and then even doing the follow-up where there are glitches and corrections that have to be made because most businesses are going to be perfect right out of the gate.
If you haven't done all that stuff, it's really, really hard to automate it and systematize it and most businesses are pretty unique unless you just have like an info product or something that's really super replicatable and really common. You're going to have unique things in your business and I know you shouldn't reinvent the wheel, but a hearing someone talk about automating and then I actually automating is not the same thing, so you have to kind of go through that at least a little bit before you can train someone else to do it or pre-configured out what the real common path is going to be for each client. So that's the mistake I made in a couple of businesses and I did not make that with my llc business and I'm really kind of ready to start systematizing a little bit more, but I'm not really ready to hire someone.
I have a virtual assistant, which a Max Maxwell, this guy that I follow that that's pretty damn smart and popular in the real estate investment niche. Talks about his, his [inaudible] and like you really shouldn't even call them vas are just employees that are remote. They're just remote employees. And I used, gosh, I can't remember which company it is that I used to find. My va and va is pretty good, um, handles most of the stuff with my podcast and I'm pretty sure it's mostly just like automated stuff that he set up. But that's all good. If he can figure out a way to do his job more quickly, that's, it's still efficient and still productive, then I'm a hundred percent behind that. So I have that, but he's not somebody that I have trained to work inside of my llc business so much as helping me with my social media stuff.
And branding and marketing and maybe even building some funnels here and there, things like that. So I have someone like that, a couple hundred bucks a month, like nothing crazy, maybe 10 hours a week. And probably that's what I pay for it. And really he only works probably four hours a week or something, I'm not sure. But um, that's one thing having somebody actually work inside your business, like dealing with your clients is, it's harder to trust somebody else with that because that's like the lifeblood of your business and you don't want somebody. It's just hard to let go of that. It's hard to not have a hand in each customer that comes through your business in the beginning. At least it is for me. So I'm going to be working on that. Definitely. You know, before this summer I want to have somebody in at least, uh, that's at least taking incoming calls and, and taking incoming emails and answering questions and at least pointing them to, you know, a frequently asked questions page.
And if they have to follow up beyond that, then they can send them over to me. But I need to be out like being the rainmaker, you know, bringing in new clients, doing interviews with people, you know, creating courses, all the things that I want to do to build my brand. I can't do that if I'm just like creating [inaudible] on the backside every day, like literally doing the paperwork and I could teach somebody how to do the paperwork pretty easily as long as they have the correct information of what an LLC is and what type of question, you know, as long as the people have been, have asked themselves a couple of questions and been able to answer a couple of really simple questions, I can easily train someone to do the actual paperwork that, that part's not really that hard. Um, so that's kind of what's going on with me.
I'm going to be doing an interview today hopefully with a leslie black who was an accountant and I spoke with for about an hour last week who's helped tons of entrepreneurs and business owners just get their businesses straight financially and making sure that. I think she, she said something I thought was really smart that people, when they come to attorneys and accountants, they have like a four problems. They want a, they're afraid of going to jail for fears, whether they're afraid of going to jail, they're afraid of getting sued, they're afraid of getting audited and they're, uh, they want to make sure that they're not overpaying on their taxes. I think those were the four fears that really rang true to me. I was like, yeah, that's a pretty good rundown of what people want to know. The four main areas that people want to know. So I'm really excited about that.
It's one of our first facebook live, so I think she's kind of nervous, but from our conversations she's really knowledgeable and uh, hopefully she'll, she'll be able to get over that fear and we'll have a good experience. But if that goes well, I'll probably pull that. I mean, if the audio is of good quality, I know the, the conversation will go well. If the audio is of good quality, I'll probably pull the audio on that and run that as the episode tomorrow. So tune in tomorrow for sure to hear that because that's probably if you have a fear of going to jail or getting audited and you want to pay very, you know, as the smallest amount that you legally can't on your taxes. This might be a beneficial podcast for you, but have you guys have a great day. Talk to you tomorrow.
Hey guys. Thank you so much for listening. I really, really appreciate everybody tuning in and all the great feedback I'm getting about the podcast, so I'm going to keep it up and I just wanted to say thank you. Also if you want to figure out the three ways that most entrepreneurs are getting themselves sued, you can head over to llc freedom [inaudible] slash gets sued. I have a little freebie there that kind of outlines the three major ways that people are getting sued and how they can easily be avoided. So hop over to llc freedom.com/get sued and pick that up today. Yeah.
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All right guys, it's Monday morning and I'm super excited about this week. I just of want to run down exactly what the goals of this week or kind of what I do on Mondays. Generally I'm just one, it's going to be a little bit different than a typical Monday just because I drove so much traffic last week all the free by the way. I spent no money driving traffic last week, so it just took a week, a recap of what I did last week as I opened up my facebook page completely and started going live for the first time straight on my actual profile and, and just using that to build my personal brand. So rather than using, you know, a, a page, you know, a public, uh, public figure page or business page or my group or all the other things I usually am doing to push my lives and then maybe putting some money behind it because the audience isn't that big.
What I did is I just started seeking out like-minded people on facebook, you know, looking at people that are commenting on specific posts in certain facebook groups that are relevant to me and my potential, you could call it Avatar, like the people I want to work with and real estate and as entrepreneurs like those are the two areas I focus on, so seeking out those people, actually friend requesting them, and then I'm accepting that maybe reaching out to them individually with a message. Just like saying hello, I'm. I do something called, what is it? Messenger voice message drops, mvp mds that a friend of mine, Caitlin beverage, a created that are, that are super, super effective. People really love that. It's, it's just reaching out with the, with the audio message through facebook messenger saying, hey, like really glad to connect with you on here.
Here's who I am, here's what I do. I'd love to help you. If I can help you in any way, let me know. Let's. Let's really connect on here. Something just real simple like that. Just letting them know, here's the, here's the solution I provide. If you, if you have a problem that fits this solution, let's connect and then maybe I can help you nuts. That's as simple as that and people really enjoy that, but this, this weekend was too many friend requests coming in and too many people accepting my friend requests to really make that reasonable. So the people that reached out to me, I reached out back to them and that's just kind of what I did, especially since it was the holiday weekend. It just wasn't going to happen either way. So that's kind of what I did last week and over the weekend and that's pushing into this week and I was on a lot of calls last week with people, you know,
curious to set up their [inaudible]. I closed some of those deals but some of them are still pending and I haven't closed him. So I'm going to reach back out and follow up with all those people today. That's going to be the first thing I'd do this morning. Then I'm going to do another facebook live teaching something today, uh, on my personal profile. I don't have any set time or anything that's not really scheduled. I don't even know what I'm going to talk about yet. Um, it'd be great if I did kind of like a q and a, but I don't think I'm just going to schedule a [inaudible] quite yet. I might set something for that for Friday. So the big, the big thing to do on Monday is to follow up with everyone who I didn't close that I actually spoke with last week and didn't close.
Um, that's, that's the main thing I want to do this. Whereas the big domino that I'm chasing after, because those people already know me, they obviously like something that I've done and they trust me. So I need to reach back out and just make sure, hey look, we talked about this. Here's the, you know, the prices that we discussed. Let's, let's wrap this thing up. If you're ready to move forward. Sometimes when I have to reach out to people 10 times before they get back to you, but eventually you want to keep yourself, you know, in, in mind for them. So that's a, that's something that's a big goal for today. I'm going to keep moving forward with my personal branding. I'm going to reach out to the people that expressed interest in working with me, but that didn't pull the trigger all the way and see if we can close those deals and um, you know, provide value to those people and I'm setting up some interviews.
So through the course of just providing value last week with um, you know, driving traffic to my personal facebook profile, I had to meet at a meeting last week where I set up a potential interview that I'm going to do tomorrow that I'm going to interview somebody. I think on Thursday I'm doing an interview with, with like a tax strategist to financial planners slash tax strategist and um, I need to kind of investigate what, what the deal is with that business and what, what exactly what that guy does because I don't really know. I agreed to it just because that's potentially for just providing more value. That's how I look at. If there's a way I can reach more people, that means I can help more people, that means I can grow my business. That means that everything is moving forward with my business. So definitely going to do that.
And um, yeah, so that's at least two groups of people that I'll be reaching this week to new interviews. I love to interview people. Awesome way to just meet and network with people is to interview them. So if, if there's somebody that you want to reach out to you that you'd like to work with or just offer to interview them on your, on your personal facebook profiles or adding some friends so you can say, look, there's reach will reach at least two, 300 people and that's worth 20, 30 minutes of your time. And that's, you know, that, that's a great way to do it. You could also always download. People
don't think you can download facebook live videos. You can and if you need to know how to do that, just reach out to me a chance at LLC, freedom dot comm. I will, uh, create a little tutorial on how to do that. But you can download facebook live videos that, you know, if they're your videos, you don't need some specific tool to do it. You can do it right from your page. It's super easy. Um, it's just a little two step thing you have to do either way. That's the big stuff going on with me today. That's kind of the grand scheme is to continue more personal branding this week, make sure I'm doing prep for those interviews and there's a third possible interview that's going to go go on. I'm not sure if that's going to be this week, but I'm going to be possibly going live to someone else's group.
Um, that has like a niche business group and they need to know about, uh, what was it, I talked with this guy last night, what might they want to know? Oh, like how to make guarantees for their products, uh, without, you know, landing in jail like that, like getting fined by the federal, the FTC, the federal trade commission who regulates those sorts of things. So maybe like prepping a little bit for that. So anyway, those are the things that I'm doing this week. Hope everybody has a great week. I'm going to definitely be talking more real estate investing under this. Didn't have anything to do with real estate investing, but the weekend was all about people filing in about the [inaudible] and those are relevant to a real estate investing as well, but I want to do some more step by step stuff as well as I'm moving through that, but it's just all [inaudible] right now. So sorry about that. For any investor investing, seeking listeners, either way, talk to you guys tomorrow. Have a great Monday.
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Welcome to entrepreneur like you with business attorney and entrepreneur Chance Reynolds, a daily podcast that brings you the best legal tips, marketing strategies and storytelling tactics that will help you grow your business the right way.
Guys, it was a big week for my llc business mainly because of facebook and free traffic that I drove to my personal profile page. Really super excited about the personal branding stuff that I started building this week just because I had no clue. Such a simple little tweak was going to provide me so much business. It was just, um, so let's recap exactly what happened. So on Monday, I purchased like a $300 course from a guy named Jordan stanley pain. As I talked about it here a million times. I'm constantly taking new courses and um, this course was supposed to be about real estate and essentially it is about real estate. It's tactics to kind of build up your personal brand within a local community for real estate investing cause because that's something that I'm super interested in. But what I actually got from the course, um, was a simple trick.
The most valuable thing I got, at least in the beginning that I could immediately put into action was a simple trick of using your facebook profile rather than a business page to generate traffic. And so the suggestion on the, the course was Max out your friends, your friends will max out at 5,000, start making an effort to Max out your friends on facebook and as you're doing that, start telling your personal story, your personal branding story on your facebook profile as you do that through youtube, podcasting and then facebook lives and things. It doesn't actually talk about facebook live, but, um, I know that this guy uses facebook live to do it for himself. So I kind of looked at what he does, weather then, what he says, and started implementing it just basically by just from requesting a ton of people in the local area as well as in the entrepreneur space.
So I was, uh, just requesting so many people. I've probably started with like about five or 600 friends. Um, and then now it's that, you know, I've gained well over a thousand. It's probably closer to 2000 then I probably have three or 400 friend requests pending as well. So when you start questioning a lot of people, you'll get a lot of friend requests, a lot of them are kind of like spammy bots. I'm on facebook and they'll just ask you to like some page of some scantily clad woman. Uh, but I don't know. It's kind of, it's very strange. I don't know what, what they're getting out of that, like where they're pushing, where they're getting money out of that on the back end. But you get a lot of those when you start building up your friends list. So, you know, I started doing that.
I did, I did some facebook live stuff on [inaudible] specifically and, and the, the best practices. So just providing like super free valuable information, which is something you hear everywhere. It's not like Georgia Stanley pain, um, created that. And he didn't even really talk about creating free content as much as he talked about, uh, just networking with people and like meeting all the people in your local area. I mean, he goes a lot more in depth. This is, I'm not really doing him complete justice on his plan, but I'm just telling you what I've done with it so far, so he suggests, you know, going out and, and meeting with all the local players in real estate. And so rather than doing that, I just went to um, or I haven't done that yet. I plan on doing that. But how I started was just by posting in some facebook groups, I'm just dropping value about the LLC, like talking about, look, I'm an attorney here, some bad information about [inaudible] in every group.
And then I just laid it out like don't, don't create an LLC and another state. Here's why, um, why you when you should start an LLC, here's why, you know, because these are super common question. So I answered them and that's really valuable for people because they don't know and they're afraid to like reach out to an attorney and there's so much conflicting information in the groups. And, and if you try to just read blogs, it's like confusing to people. So when you can provide just some sort of expertise on an area like that, it's really, really helpful. So I started doing that. You know, I've always done that. I've just talked about that forever. That's one of the main ways that I drive traffic. What I haven't done is drive them to my personal profile and then you know, become friends with them on facebook and then provide value through my actual personal facebook page.
It's hard to do that because like your friends and family are on there and you just assume you can do that through like a pro, like a business page or something. But getting over that is a big deal. Once you can get over that, you will see your, you were a messenger, will fill up with people when they see that you're a real actual person, they'll know, like, and trust you a lot more quickly. And those are the three keys to doing business with people and you know, providing them value, they see that you have something that's a credible so that you've already established that. Then when they go to your personal profile, they see that you're dropping facebook lives there, um, on the s on a similar topic or that, that's helpful to them so they, they know you now they may not like you but they trust you and then once you get them on messenger and then that's how you can get them to either like you and not everybody's going to like you.
Some people will try to argue with you, some people that don't know anything or trying to tell you that you don't know anything and that's frustrating, but, um, that's just the nature of the Internet. So there will be haters, but you got to just delete them as friends. Once they start hating on you. It's not a big deal. And your facebook feed will not become like a fun place for you to be anymore. When you do this, that's not going to be a place where you hang out to scroll through and look at your friends to pictures. There are ways that you can kind of create lists within facebook. So just google friendliness and how to create them. And you can only view those, those lists within your facebook feed if you want it to do that, but I suggest just letting go of that part of your life and realizing that if you're going to be an entrepreneur, especially if you're going to be an online entrepreneur, facebook, your facebook feed just isn't going to be like that.
It's just not like you could just use your facebook for, to grow your business, not to necessarily just be friends with, with your old friends from high school or whatever using facebook for. So I wake up this morning and it's, you know, it's right now, it's 5:30. I wake up about 4:30 this morning unfortunately, and look at my facebook inbox in my gmail account. And all the work I've done for the past two weeks has really paid off today. I'm probably going to make a couple thousand dollars. I know it's not millions of dollars that I'm making yet. Um, I don't have a thousand dollar info product that I can sell yet. Uh, but I'm getting there. I'm getting pretty close to getting to the point where if I have this personal branding stuff really takes off, if I can make, you know, a couple thousand dollars a week just on my [inaudible] business and then my real estate business gets going and then I have a thousand dollar thousand dollar or more course to get going.
It's not that far away from really kind of hitting that dream spot of being an Internet entrepreneur and maybe that will never happen. Maybe the course proportion never works. Maybe the real estate portion never works, but this llc portion is definitely working. There's no question that this thing is growing and it's great going to create a passive income eventually. It's not passive yet, but every time I sell an l will see and sign up somebody as a registered agent client. I'm getting residual income each year from that, that sale and I'm providing them, you know, a service for sure, but it's very passive. That portion is very, very passive up front. It's not passive. You got to fill your pipeline, you've got to build your business. You have to do all those things. But uh, just doing these small little personal branding tweaks can really help explode your pipeline and you gotta work for it.
It's not just something that's just gonna happen on its own and eventually, you know, I wanna outsource some of this going through my inbox and driving people to appointments and to the phone and all that. I'll have somebody else do that, some sort of assistant do that. But for now I just want to do all of it myself because I need to learn how to get them on the phone, close them. I'm going to close, you know, several hundred people for bringing somebody else in and I'm, I'm getting, they're getting a lot closer. So awesome week. I'm just going to be a busy weekend. It's going to be a busy week next week, but that's good. That's what you want in your business. So I hope everybody else has had as good of a week as I did.
Yeah.
I would just say start implementing this stuff right now. Right now. The step you can take is to
OK
use your, your personal facebook profile as a way to grow your business by expanding your friends, by strategically friend, requesting people that are in the niche that you want to reach and do it, you know, a couple of hundred people every day. That's what I suggest. That's step one. So if you can't do that, you're gonna. You're going to struggle to grow your business. If you can't do that, you're going to still struggle to grow your business because business is hard, but it'll be a lot easier either way. Everybody have a great weekend. Talk to you next week.
Yeah.
Hey guys. Thank you so much for listening. I really, really appreciate everybody tuning in and all the great feedback I'm getting about the podcast, so I'm going to keep it up and I just wanted to say thank you. Also, if you want to figure out the three ways that most entrepreneurs are getting themselves sued, you can head over to llc, freedom dot [inaudible] slash get sued. I have a little freebie there that kind of outlines the three major ways that people are getting sued and how they can easily be avoided. So hop over to llc freedom.com/get sued and pick that up today. OK.
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Welcome to the entrepreneur like you with business attorney and entrepreneur chance reynolds, a daily podcast that brings you the best legal tips, marketing strategies and storytelling tactics that will help you grow your business the right way.
I'm still building my facebook page, still doing the facebook lives and telling my story on facebook. Kind of has the course I'm teaching is helping me build my personal brand. I'm so two days of following Jordan pain. Is it Jordan Stanley paid? Yeah, Jordan Stanley pains, um, personal branding, little course on real estate investment and really applying it to the business that I already have a job while I'm getting ready to ramp up my real estate investment stuff and I already made sales through my personal facebook page two sales per day. I'm using the little hack that, that he suggested. It's not even a hack really. That's just about getting on your personal facebook page, building your friend list up as big as you possibly can, just growing your audience through your personal facebook profile. I keep saying facebook page through your personal facebook profile and I'm growing that as large as you can. Doing the facebook lives, reaching out, establishing yourself as kind of a trustworthy expert in whatever field it is that you're in. His specific niche is real estate investment and I'm getting into real estate investment as that talks about on here every single day for about the past, probably [inaudible] one day. It's probably like three weeks. I've been talking about doing it on here, maybe even longer, but um, it's not necessarily taking longer to get into it. It's just
building a business takes time so you have to be patient. I wish I was out like wheeling and dealing and actually closing deals already, but I'm making progress so it's frustrating. Three weeks ago I would've thought I'd be further than I am, but I've built enough businesses to know you gotta be patient. Like if you're trying to do something for long term, you know, wealth accumulation, which is what real estate investment is, what's long term building than a, you really have to understand that that's not gonna happen overnight, at least for most people. Some people it will, but most of the time there's a long string of failures behind that. So anyway, just to kind of recap what I've done this week, it's Thursday now. I got this course I think only on Tuesday and I'm one of the first steps is to build up your facebook page to the maximum amount of, of her facebook profile.
Jesus, I'm never going to get that right. I'm just going to keep saying facebook page. When I say facebook page, I mean I'm in profile. Build your profile out to 5,000 friends as quickly as you can. All while you know con start for the, you to start a podcast. Obviously I already have a podcast, um, while telling your story through a podcast or some other vehicle like youtube or something like that. So he kind of suggest doing all that at the same time. I'm using facebook live instead of youtube right now, but eventually I will just download those facebook live videos and put them on youtube or maybe even do some youtube live videos. I just have no audience on youtube right now. I haven't cracked the code on how to build a youtube audience yet. I wish I knew a little bit more about how to do it, but I understand you to understand how to get the videos to understand how to do the thumbnail images.
All of that stuff is like super easy and I understand how to build the stuff into play lists. It's just getting people over there. Um, that's a problem. But after I get my facebook page larger, probably it will be a little bit easier. I'll do some exclusive youtube live streams or something, but they come up to like 1500 friends on facebook. I did a kind of hit a snag yesterday. So I grew my friends list so big that I'm facebook, like shut my close my account, made me change my profile, made me change my password. And um, I was afraid like, oh no, there are some things that they thought I was using some sort of third party platform. They thought my facebook had been hacked essentially is what it is that maybe review everything that I had done, like posts and a friend requests and pictures that had been posted in any comments I had posted and look at them.
And OK them and make sure that nobody else was posting for me. Um, so yeah, that was, I was like, oh no, are ready like day one as usual. I took it too far and they like shut me down. But, but after that it's been all good and smooth sailing and people are reaching out and I only need to make, you know, if I was to make just one sale per day, um, you know, seven days a week, that would be a long term, extremely successful business for me right now. I'm not making one sale a damn making, you know, several sales a week. But I'm not averaging one sale per day just yet. And um, since I've been doing this, I'm averaging a sale per day. I mean it's only been two days, but uh, I'm averaging a little bit more than that and I have one set up today that I think I'm going to close the deal on.
So I'm getting a lot better at kind of driving people from to my, to my facebook messenger and then driving them there to get on the phone and then closing them. And I was having people kind of fill out a form first and then reviewing the form and then asking for payment, but I was hitting snags where I was spending a lot of time helping people and then when it came time to get collect payment, they weren't pulling the trigger, so now they have to pay before they do anything else. And I switched to that last week after I got burned, like twice, like spending a lot of time helping people. And then I'm, I'm guessing they just went elsewhere, which is fine. Um, that's their prerogative. But that's my mistake. Like I need to collect payment first. So the funnel that I have going right now is driving people, you know, targeting strategically targeting people on my facebook profile friend requesting, you know, entrepreneurs, whether they're real estate investors or online entrepreneurs targeting those people, providing facebook alive value to them.
I'm showing them that I am an expert in the [inaudible] arena, which I am. I'm not faking it until I make it or anything like that. I actually am very experienced when it comes to solving that specific problem. Showing them that I'm doing that, driving them to messenger from messenger, getting them on the phone, or even using the phone option, the call option inside of facebook messenger, you didn't have to get on the phone, you can actually call them. I prefer to call them on the phone. That way I have their number and I could text them if I need to and a closing them on the phone. It's, it's as simple as that. That's a very simple funnel. But, uh, you only need to, you don't need to drive a million people through there. If you have a product that is a least $100 at least where you're making like $100 profit per transaction, um, it's doable to do all that without hiring a staff or anything like that.
And if it gets any more crowded than it is right now, I will hire a, you know, a, a freelancer to help me out when it gets too busy. You can get legal freelancers online, you can hire online, um, legal assistance and things like that. Paralegals as well. So there's tons of stuff you can do on upwork. Also, I am building a piece of software, most likely I'm going to do that. If I make a sale today, I will take that money and build a piece of software to help people automate the, a profile facebook profile, friend requests, growth kind of hack. So that's something that's on the horizon. I'm probably going to sell that from like 19 bucks. Um, it's just, I, I have kind of a piece of equipment that helps me do that, but I don't want to suggest it because it's not, it's not fully formed.
Um, what I use, and I'm, I suspect that's what got my profile flagged either way. That's what's going on this week. I noticed this one's a little bit longer, but a check out my, uh, you can just search chance reynolds or llc freedom. Facebook [inaudible] slash [inaudible] freedom will take you to my business page if you need an LLC. Like I've said, I'm not faking it until I make it right now I'm doing the top the first. So yesterday on my, on my facebook live, I said I would do the first [inaudible] [inaudible] I got four, 1:47 and that includes the in and the and the operating agreement. Plus you have to pay your state fees. So 1:47 down from my normal price of two 97. I'm doing, I think I told one guy that he was going to be locked in at number six. So there's four spots left. People have locked up those other spots. There are four spots left. If you want to get an llc at 1:47, hit me up on messenger, hit me up at chance at LLC, freedom.com or facebook.com/llc freedom. Either one of those ways will work. Just fine. Look forward to talking to you guys. Hope you're having a great week. Hope that you are growing your business and just moving forward and you're able to
really use this facebook profile hack to have know to get just a couple of little wins. Just doesn't take that much for for small things to take place. You see all these gurus talking about getting, you know, chrome extensions on their computers to block them from being on facebook and I say just the opposite. You need to be spending more time on facebook if possible. Just if you're going to be on facebook, just be productive on facebook. That's it. That's all you gotta do. So that's what I'm learning. That's what's going on with me this week and I will talk to you guys tomorrow.
Hey guys, thank you so much for listening. I really, really appreciate everybody tuning in and all the great feedback I'm getting about the podcast. So I'm going to keep it up and I just wanted to say thank you all. So if you want to figure out the three ways that most entrepreneurs are getting themselves sued, you can head over to llc, freedom dot [inaudible] slash gets sued. I have a little freebie there that kind of outlines the three major ways that people are getting sued and how they can easily be avoided. So hop over to llc freedom.com/get sued and pick that up today. OK.
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Welcome to the entrepreneur like you with business attorney and entrepreneur chance reynolds, a daily podcast that brings you the best legal tips, marketing strategies and storytelling tactics that will help you grow your business though, right
audience up to 5,000 members. So how did I get to this? So I guess facebook, I knew that there was a limit on how many facebook friends you could have on your personal profile. Yesterday when I was doing the podcast, I kept saying your personal page. What I mean is your actual personal profile, not like a public figure page. So I'm, I'm walking through a course I mentioned yesterday that is talking about kind of some different types of marketing involved with real estate investors and rather than the traditional ways of marketing, which are, you know, going down to the courthouse, getting a list, cold calling that list, mailing to that list. I'm putting up flyers basically saying like we buy houses, things like that. This guy teaches that pretty similar to, to like a Gary v, v Vaynerchuk. Oh my gosh. I don't know why that name so hard for me to say to Gary v what he teaches, which is just build your personal brand and then you can kind of sell whatever you want on the backside of that.
And that's a similar thing to what this guy is teaching. And I, I imagine it's less popular because it's a lot more hands on, meaning his big takeaway from what I can gather so far. It's just, you know, build your network and leverage your network. It's like what you would learn, you know, in college when I had a professional communications class, I had a professor that kind of mentored me when I was at Texas State University, a professor sue Stewart. She taught professional communication. Everybody thought she was like this hard ass and she was. But ultimately it was one of the most fruitful courses that I took because the things that she taught our exactly dead on. Just everything that you see, everything that works in even marketing, um, as much as big time marketers want to say college is unnecessary. Maybe the courses that they take for the most part are unnecessary.
But the things I learned in this course are the exact same things that they're teaching, meaning build a network of like-minded people. I'm not necessarily use people as a means to an end. You don't want to objectify people and just not be providing them any value, but connect with people that you can help and that they can help you provide them value as much value as you can. And then when something comes their way that fits your niche or, or an opportunity for you, they'll remember you and they'll reciprocate because they're part of your network and you guys are just kind of, you know, buddies that similar to what Jordan Stanley pain, that's the guy who's, who teaches the course I'm taking right now. I'm pretty much done with the course, but I'm still implementing everything. So I'll go back through the course several times. That's kind of how I do these courses.
Um, I'll watch the whole course and then I'll go back and rewatch this stuff that, the action steps that I need. So, so, you know, this is a bit scattered back to exactly what I'm doing. I'm, I'm maxing out my personal profile with 5,000 friends and then from there, every person who friend requests you after that, we'll get a notification that says this person has reached, you know, their friends limit, you can follow them, you've automatically followed them, so then you'll gain more followers and then you'll push people over to do whatever you want them to do, like join groups or whatever. So it kind of is hard. I say it's hard because people don't want to broadcast. I do facebook lives and stuff. It's hard enough to do facebook lives just to, even in a group or something like that. But when you're doing it on your personal profile page, you never run in your family seeing it.
Everybody went to high school with just all these people that really ultimately I'm don't care what you're doing anyway. So it just doesn't. That's how I feel about it. It used to be really hard for me to do a facebook live, but anyway, so now that I have, I don't know, I think I gained a thousand friends, quote unquote friends on facebook the last 24 hours. Um, and I'll try to again another thousand today and I'll just keep gaining until I hit that [inaudible] mark. I'm going to start putting out content every day. Obviously I do this podcast every day, but, uh, and that's kind of something that I do for personal branding, just telling my story of, of what I'm going through to build this business, but I'm also going to start building out facebook live trainings that are specific to these people that I'm friend requesting. So I'm not just sending out friend requests just Willy Nilly to anybody that will accept them.
I'm going to targeted groups of people like in my area. So what I, what I'm trying to do is build up a huge network of people kind of in the dfw area that are like-minded. And um, probably it'll be like half real estate people and the other half like online entrepreneurs because those are the two markets that I serve. And those are the two. Those are the two markets that I'm in. So I can leverage my network both ways. Meaning I could, um, connect with people that I can help. And then they're also, when I need, when I need something, when I have a question, these are the same type of people that I would be reaching out to to help me. So it works both ways. So you have to have some kind of strategy surrounding how you're implementing this. So it's not just about building 5,000 friends, just so it looks like you have 5,000 friends.
The point of it is that you have 5,000 people on there that when you speak about something, people are going to be interested. It's the same. It's the exact same reason why you'd have a facebook group. It's the exact same reason, except it's a lot easier to get people to accept a friend request than it is to get them to join a facebook group. Trust me, getting people to join the facebook is not all that easy. Um, it's a lot more work than this and yes, it's more targeted and it's great to get them in a facebook group. But, uh, this is, this is much easier. So I think this is a great first step to build up trust with them. And that's kind of the point is that they'll see you on a daily basis doing facebook live posts and things like that, and they'll see your personal branding so they won't be so, such cold traffic when they come to you, there'll be more targeted, there'll be warmed up a little bit.
Um, and it's just, it's just a great way to do it. Side note before we end this, but facebook chatbots, possibly going away for a little while. So glad I didn't put all my eggs in that basket, but facebook chatbots, as big as they were. Some people that facebook has, obviously everyone knows involved in some lawsuits right now. And Chat bots, if you don't have that already connected to your facebook page, you know, you can't connect it to a personal profile. But if you don't already have it connected to your page, um, I don't think facebook is letting you connect new chat bots at this point. So don't disconnect your face, your facebook chat Bot a just side note. Either way, chatbots, I'm sure there'll be back, but they're going to regulate them heavily. Um, just because it's causing a lot of issues, there's a lot of issues with the facebook right now as far as th, they, they need to clean up their image when it comes to personal information.
And I think chat bots are, some people are thinking that they're a little bit intrusive, so didn't, didn't really see that coming, but that's the reason that you always build an email list and these people that you, that you see online that are just saying email is dead. Chatbots are so much better. Yes, chatbots were so much better. But now how's your Chat Bot looking as your business that's built on chatbots looking. If a, you can't use a chat bot and you haven't gathered any emails, so you're, you're promoting is going to be much, much harder. So email marketing, still the king for sure. Either way, everybody have a great Wednesday. I know I'm going to. I'm building out my friends to 5,000 people. I suggest you do the same. Get over the Hump, get over your fear of um, leveraging your personal facebook profile in order to build your business.
Because that's the only thing that you're really going to have control over and that's one of the things that this chat Bot situation shows you is that a professional pages, great, but facebook probably isn't going to come in and metal with your personal profile, so forget about, you know, just you're doing friendly networking. I'm on your facebook page and started thinking about it as a professional tool because that's really the only thing that you have complete control over. Hey guys, thank you so much for listening. I really, really appreciate everybody tuning in and all the great feedback I'm getting about the podcast, so I'm going to keep
it up and I just wanted to say thank you. Also if you want to figure out the three ways that most entrepreneurs are getting themselves sued, you can head over to [inaudible] freedom dot [inaudible] slash get sued. I have a little freebie there that kind of outlines the three major ways that people are getting sued and how they can easily be avoided. So hop over to llc freedom.com/get sued and pick that up today.
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Welcome to the entrepreneur like you with business attorney and entrepreneur chance reynolds, a daily podcast that brings you the best legal tips, marketing strategies and storytelling tactics that will help you grow your business the right way. All right, sorry. I took a few days off.
It's just been crazy busy and then, you know, people get sick and all of a sudden you realize it's like 10:30 AM and you didn't record a podcast and you have to go to work. So that's why it hasn't happened on Friday or yesterday. Either way. It's Tuesday. I'm here to talk about what happened last week when I went to meet with a title attorney, meet with a, a fix and flipper. And I went and looked at a house that, uh, that uh, this guy that I met with, the guy that I went to high school with that I know a little bit. I mean, I, I'm aware of we don't, we didn't really know each other that well, but we sat down and had lunch and he told me about his real estate journey. I told him about mine and we went and looked at a house that he bought that he's in the middle of a flipping and he's like fixing it up right now and kind of like one of those situations where he got into it and his had a contractor like screw them over and pick up and leave and he didn't really like the experience at all.
But um, a lot of lessons learned. I don't think he's going to let, you know, it's not like he's losing so much, he's going to completely be out of the game of real estate, but he definitely is set. He's a little bit ready to move on to doing more wholesaling rather than I'm doing a whole lot of actual fix and flips or buying holds just because of the issues that this one caused and the headaches at this one caused, plus it's 45 minutes away from his house and it's just a pain in the ass I think for him to deal with it. So that's one of the things about. And that's something Max Maxwell teaches, if you know who that is. Um, he only works in like I think three zip codes, the three zip codes closest to his house and dude makes plenty more than enough money.
You wouldn't really need more money than what he's making if you're doing wholesaling. I don't really see how you could make more money unless you're doing like virtual wholesaling or something. But uh, I don't really know that much about that so I'm going to talk about that. But there's something to be said for staying within certain zip codes and even if some great deal happens and it's 45 minutes away from your house, it may. I mean if you're wholesaling it, maybe it's worth it, but if you're gonna buy and hold it or fix and flip it, you really got to like make sure that you know what you're doing and you know, somebody in that area. But either way, I'm still just going deep on, on real estate investment, actually invested in a little course on how to do marketing for real estate investing a little bit better and it looks like it's going to be mostly about kind of personal branding and building up your personal brand so you don't have to do things like bandit signs.
I'm not opposed to any of that stuff at all. I didn't know that the direction that the course was to go, but uh, it was only like 200, $200 course and the guy who does it, his specialty isn't wholesaling, but his specialty is, um, I think he buys multifamily properties, like, you know, a duplexes, fourplexes, things like that. And he owns a whole lot of them and he doesn't really. He definitely knows what he's talking about. Um, I came across him because he is part of a group with the guy who wrote the book, if you can't wholesale after this, I've got nothing for you. I guess he might have co written the book or something. I'm not exactly sure what his involvement with that is, but the guy taught fleming is the author of that book, this guy and Tom Fleming or somehow in business together and that's how I came across him and came across his course and um, he's got a different style. He's got a different style. He's got a different idea about how to brand yourself and about branding in the real estate game. And I'm just, I don't know that that speaks to me because I understand.
Yeah,
don't understand a lot about branding, but I know, you know, I've studied a lot of branding. I haven't studied a lot about
guerrilla marketing stuff like bandit signs and things like that. And I worry about those things because I'm an attorney. If I do something that's potentially outside of like the, even if it's not like a, you know, a criminal offense, but if it's something that's fine and I have to report all that stuff to the bar, to the state bar and if I'm doing something repeatedly, I don't want to invest in something that I do. Once I get caught, I get fined not to report to the bar and then I have spent all this money on bandit signs. I can't use them again. Um, that's my worry with some of those guerrilla tactics, the cold calling and all of that. I definitely am interested in doing all of that if you have no idea what I'm talking about. Go back and listen to, you know, the last 10, 15 episodes I've done and I talk a lot about real estate investing and wholesaling and the tactics, the marketing tactics that are used and there's about four or five.
Um, but just to run down is basically you get a list of people, you get the phone numbers for the people on that list and then you just call them. That's it. You cold call them and you try to buy their houses for one reason or another. But yeah, foreclosure law firm with myself and my friend looks like it's probably going to happen soon. Hopefully I, we're having trouble like sitting down and talking because he works so much. Right now I'm in as a foreclosure litigation attorney that, uh, it's hard for us to sit down and we already knew it was going to be probably late April, early May before he was going to be able to get away and really plan his stuff anyway. So that's all moving forward. Everything's looking good this week. Feeling good, feeling like my, My d, my focus is really solid.
I'm going to do some networking this week. I'm gonna possibly launch another podcast that it's just going to be like a weekly interview show. I never did put the. I interviewed that title attorney last week on the, on the show on facebook live. I never did put that on here because the audio was not high enough quality for podcast, but if you want to check it out, I'm going to put her on youtube today. I'm LLC freedom.com/youtube and interviews on there. She was super duper helpful. I had a lot of fun talking with her. Rebecca Lynn Walker with her name and she's been doing a title stuff for, you know, 30 years I think. So either way, that's what's going on this week, hope everybody's motivated, having a great week and I'll let you know as I go through this course, how it progresses and it's just about the step one in this guy's courses, like maxing out your facebook page basically like hitting the 5,000 friend limit. And then uh, going from there, that's like step one. So I've been adding like the notifications on my facebook or just out of control, but as I've said, facebook is where I make my money. So anything to grow that, um, is good for me. So anyway, that's what I'm up to this week. Step one girl growing my facebook, my personal facebook page to 5,000 friends. Um, which is the Max. Either way, have a great week. Talk to you guys tomorrow.
Hey guys, thank you so much for listening. I really, really appreciate everybody tuning in and all the great feedback I'm getting about the podcast. So I'm going to keep it up and I just wanted to say thank you. So if you want to figure out the three ways that most entrepreneurs are getting themselves sued, you can head over to llc, freedom dot [inaudible] slash get sued. I have a little freebie there that kind of outlines the three major ways that people are getting sued and how they can easily be avoided. So hop over to llc freedom.com/get sued and pick that up today.
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Welcome to the entrepreneur like you with business attorney and entrepreneur chance reynolds, a daily podcast that brings you the best legal tips, marketing strategies and storytelling tactics that will help you grow your business the right way.
OK, so today is a pretty big day. I'm doing an interview with a title agent who's been a title agent for 30 or 40 years. I can't remember exactly, but excuse me, a voucher through where else? Facebook group. I'm just just trying to get a better grasp on exactly what the title processes. So I know a big knock that I have in that a lot of people have is that a lot of times you're searching for too much information before you're taking action. But, uh, I've already taken tons of action when it comes to understanding wholesaling and then actually doing wholesaling. So on top of interviewing a, the title attorney, that's more to help other people. Um, if I create a course I want to have come to the behind the scenes of what's going to happen with the title attorney in the course. Um, so I'm doing that this morning here in a couple of hours assuming that, that there's no issue and nobody gets too busy and backs out or anything like that.
And then after that I'm meeting with a fix and flipper who has experienced with at least buying one property to fix and flip and is looking for other properties. So I'm not sure if he does any wholesaling a, I know he doesn't buy any properties if this doesn't make any sense to you. So I, wholesaling is just a real estate. I've been talking about it on here a lot. Wholesaling is just getting real estate, two pieces of property under contract and then basically you're acting as a middleman for somebody who wants to buy and hold that property for whatever reason they may want to fix and flip it. They won't hold it and rent it out. They want to move into it. You never know. It doesn't really matter what they do do with it. It just matters that you're providing a solution to a, uh, a seller or someone who wants to sell their home.
Um, and they don't want to sell it for whatever reason, through a real estate agent, a lot of times that they don't want to have to fix up their house in order to sell it to a real estate agent. So that's where wholesale that comes in and they kind of have a junked out house or for whatever reason, they just going to sell it really quickly. They don't have time to wait. They don't want a way to possibly a year or even longer to put it on the what's called the [inaudible] meaning listed with an agent. And then an agent can find, you know, find somebody and get them full price, but the price they're going to pay for getting rid of it quickly is that, um, they're not going to sell it at full price. They're gonna have to sell it for, you know, 60, 70 percent, maybe even eighty percent of, of full value.
So then whoever buys it can do whatever they got to do with it. So the person who's buying that's taking more of a risk, so they're not going to pay 100 percent value on obviously why would they? Because if in a business you can't, you can't make a profit that way. So that's what wholesaling is, that's what I'm getting into right now. And then I think I'm gonna go with, with the guy that I'm meeting with today that um, I got to get in touch with me through facebook actually, um, and maybe knock on some foreclosure doors, like go to people's houses that are on the pre foreclosure list and knock on their door and figuring out what they're interested in selling their house and let them know kind of what the solutions are to foreclosure and if they are interested in trying to make them some sort of offer on the house and then find a buyer.
I, I'm not a hundred percent sure what's going to go on with that. But. So I'm meeting with that guy. He's going to take me over to his fix and flip and I'm just really going to ask questions and just keep my mouth shut because there's no question that, that he knows a lot more than I do because he's actually done deals and I'm just going to keep the mindset of just trying to learn from him and take advice from him and do whatever he tells me to do really. So. So definitely looking forward to that. Um, yesterday was, was pretty cool. I made my first sale, like closing somebody for an llc through facebook audio. So I've, I, this guy had messaged me a couple days ago. I told them my rates and a lot a lot of people will message me on facebook after they see posts in a group or something about a little cs.
And then I never hear from them again. So I had to. He had messaged me and asked my rates. I told him and he never got back to me and I'd forgotten to follow up with them. Then yesterday I'm about to walk into the office and there's this strange noise coming from my computer. That's clearly like a phone, but I've never heard it before. I look at it, somebody is this guy that I had spoken with calling me through facebook audio and so I answered, I don't even remember. I wasn't even able to look at the previous conversation so I couldn't even remember what we had discussed. Open it up and he's like asking questions. I'm just kind of coaching them through the process of what I do and what he needs to do and it turns out in Houston and he's extremely motivated to just get going, like almost impatient to just get off the phone and close them right there on the phone. Sent him, sent him the link within a couple seconds since he was in Texas. Already had the, the checkout page created, you know, the link where he can go and pay through my stripe link. Um, he paid and it all happened in the whole thing. Took like five minutes and that was just a really cool way to close somebody. I thought a hundred percent through facebook, like the whole funnel took place through facebook. I never even emailed them or anything.
Even the phone call was through facebook, so facebook super powerful made you know, 200 bucks on that. Um, for about five minutes of work. I know it's not thousands of dollars, but hey, $200 for four, five minutes of work. Not too bad. Anyway, that was cool. So I'm really looking forward to my interview today with a title attorney with, uh, the, the, the holder of the guy who fixes and flipped the fix and flipper and knocking on some doors possibly. And just making some new connections. Oh yeah. We're going to go to a title company as well. So go busiest day ever. It's going to be a really awesome day. So I'll probably have the interview with the title attorney as the episode tomorrow, but uh, make sure you go to Loc. Freedom Dot com. What does it know? It's facebook.com/ [inaudible] freedom at all. I'll be doing the video live there, so like that page and you can follow along with the live interview as I do it. Sorry, this is a little disjointed. I'm pretty sleepy this morning. It's like 5:00 AM. So just getting up, getting ready, I have to do a whole bunch that I take my son to zoo school this morning, which means it's an early morning. So, uh, hope everybody has a great day. Everybody closed some deals. Hope everybody grows their business.
Hey guys, thank you so much for listening. I really, really appreciate everybody tuning in and all the great feedback I'm getting about the podcast. So I'm going to keep it up and I just wanted to say thank you. Also if you want to figure out the three ways that most entrepreneurs are getting themselves sued, you can head over to llc freedom.com/get sued. I have a little freebie there that kind of outlines the three major ways that people are getting sued and how they can easily be avoided. So hop over to llc freedom.com/gets sued and pick that up today.
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To entrepreneur like you with business attorney and entrepreneur chance reynolds, a daily podcast that brings you the best legal tips, marketing strategies and storytelling tactics that will help you grow your business the right way. One of the tricks too, being
knowledgeable and then eventually potentially becoming known as an expert or at least to like a thought leader in an industry or in areas that you have to be able to reach out to other influencers and experts and learn what they learn. So you probably wouldn't. You start. You can't know everything. So for example, I'm going into real estate investing like I've talked about a million times on here and one of the things that I'm doing is kind of documenting every little piece of action that I'm taking. Whether it's perfect or imperfect because it might be valuable to someone else that's starting out to see exactly what I'm doing and maybe I'll package that into a course I've talked about. I'm trying to make one course per every two months this year. That's one of my goals and obviously if I'm working on real estate investment, that's going to be one of my courses.
So Russell Brunson talks about the difference which when you're, when you're creating a course, you need to think about documenting what you do, what you're doing rather than creating new content, so you just document what you're doing and then that's your content. You don't kind of have to think about creating new content. So if you're creating an ad, you just record the process of yourself creating an ad. If you're learning about something, you just talk about exactly what you're learning in a video and then that will be that step potentially in a course that you're going to create. So that's kind of what I'm doing right now. But there's so many moving pieces with the real estate investment that I don't know yet because I haven't done any deals yet that I need to bring in other people instead of, uh, just, I don't, I'm not an authority on like title insurance yet, for example.
So chain of title of a piece of real estate. I don't really know that much about it in all the real estate books and everything that you read. It's basically just like, you know, on that step it's like just go find a title attorney, which is just fine. But I think a lot of people are probably held up by the idea of they don't know what that process is going to be and there's not a lot that explains that. So I want to find out exactly what the steps are when someone goes into a title company and not just from the real estate investor side but from the title attorney in order, the title company, title agent, whatever you want to call them from their perspective. So I reached out and I'm going to interview a, uh, a lady who, she's in Florida so she's not actually in the same state as myself, but she's been doing title work and working for a company for 40 years.
I think maybe it was 30 years, a lot, a long damn time. And I'm going to interview her tomorrow and I'm going to, you know, ask her all the questions that I would want to know, like just out of curiosity, when a title comes into them, like what type of contract do they prefer? Once they get that contract, where does it go? Who looks at it? What's the process of clearing title to someone have to go down to the courthouse. If they do, how do they find out the information there? You know, all of that stuff. I think if you could just put some clarity on that. And I know for myself if that area was a little more clear, I'd be more the process of going out to get deals will be a little bit quicker. And so if, if nothing else, they don't provide clarity for myself and I love to interview people and sometimes it can be nerve wracking to do that.
So any opportunity I get to just get out and do that, I try to do it. And I've been saying, you know, interviewing is one of the biggest pieces of, of building an audience and that's part of the, my eighty 20, you know, the 20 percent of things that I do that present provide eighty percent of my results every time I do an interview like I and deals, like normally it's about llc stuff and uh, interviews and, and providing value in facebook groups are probably the two ways that I've gotten the most money into my business. So I really should be doing interviews and posting in facebook groups. Like every day I do the facebook group stuff like every day, but a interviews I'm doing hardly any right now and it's just such a great way to build your audience that, not that this person has any social media presence whatsoever, but she has a really.
Hopefully, I'm assuming she has a lot of knowledge in my mom. I guess I'll find out if she does or not. So super excited about that. But that's one way to learn something. Just interview somebody. And so you've got to really prepare for the interview by looking at what the PR process is that you want to find out that they know about, so that they need to know about some process that you want to learn about. And then you need to be able to ask the step-by-step questions and step by step questions are super easy. It's just what happens when somebody walks into your office. Do they need some piece of paper? What should they have done before they got there? What's going to happen after they leave? What's the turnaround time? You know, the WHO, what, when, where, why, and how. That's a good way to think about it.
You're just act like you're a journalist and that you're just, that you don't know anything and have them explain it to you. Like you're a third grader, that's the best way to learn things. And that's the best way to interview somebody, eh? So don't try to make yourself into the authority necessarily. I mean, if you know something, then you can chime in. But if you don't know anything, don't pretend to know something. So that's a big key to interviewing as well. Either way, that's how I supplement what I what I don't know to help people. Hey guys,
thank you so much for listening. I really, really appreciate everybody tuning in and all the great feedback I'm getting about the podcast. So I'm going to keep it up and I just wanted to say thank you. Also if you want to figure out the three ways that most entrepreneurs are getting themselves sued, you can head over to llc, freedom dot [inaudible] slash get sued. I have a little freebie there that kind of outlines the three major ways that people are getting sued and how they can easily be avoided. So hop over to llc freedom.com/get sued and pick that up today. Yeah.
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Welcome to entrepreneur like you with business attorney and entrepreneur chance reynolds, a daily podcast that brings you the best legal tips, marketing strategies and storytelling tactics that will help you grow your business the right way.
OK, so moving forward with real estate this week and launching that, all the things that are involved with that, I don't even want to say launching a business because it's kind of multiple businesses that it takes to really do this in a way where I think that we can utilize our skills. Um, and by our, I mean I, I'm partnering up, most likely it's not a hundred percent, but I'm most likely going to be partnering up with a, an or another attorney who does pre foreclosure litigation. So here's kind of the structure of what we're planning on doing, at least initially what it looks like we're going to be doing from like the 10,000 foot view. So we want to launch a real estate company. Obviously got the website up yesterday. It's a sell your house. Tarrant county.com was the first one that we're going to be launching just because I'm here.
And um, my business partner is going to be in Houston, so gonna launch that because there is no barrier to entry with that. Like that's launched essentially a, I've got all the leads. I've got 300 email addresses of potential pre-foreclosure and motivated sellers here in the dfw area. I'm creating my facebook ads today. I've already accepted, I don't have the images yet. I wasn't able to get that done yesterday, so I got really far yesterday but didn't get all the way there. So the ads, I'm guessing we'll be running by the end of the day today. Um, that's on the real estate side. Another angle that we're going to take is that we're going to launch a pre foreclosure litigation firms. So we're going to be giving our clients kind of multiple options and angles, um, as far as being able to serve them for what they want to do.
Like if people want to try to keep their house and avoid foreclosure, we will have a law firm that specializes. OK, so you can't say specializes, but we'll have a law firm that allows us to go to court and potentially start, you know, file a lawsuit to prevent foreclosure proceeding from happening or at least delay them so that we can try to negotiate with the bank and allow the tenants or the owners of the home to stay in the home and, and possibly reduce their payments. So that's one, one angle, but some people aren't going to be able to afford to hire an attorney. Of course these are business, so it's not like it's a non-profit and we can just do it for nothing. So if people can't do that, then will essentially tell them, OK, well there's still another way that we can help you.
We can do it by actually buying house and maybe preventing the foreclosure from going on your record. So there's going to be two ways to service those leads I've talked about on here before. I'm kind of like the no lead left behind mentality that I'm trying to have with my clients. Meaning whatever problem it is that they have, I want to try to solve it. And when it comes to real estate, as far as, uh, just my initial thoughts of what these people are going to need, those seem to be two angles that are going to be a definitely helpful for clients. Now it may turn out that there's some third and fourth and fifth way that they need help and if we can help them do those things that would make our business better and service our clients in a better way, then we'll try to incorporate that if not into our business, but at least with a partnership of someone who handles whatever problem it is that they have.
So there may be some other way besides litigation or just outright selling their home to help them if that, if it, if that's what we learn in the course of business and we'll try to solve that problem as well. So everything moving forward, uh, I don't know a ton about pre foreclosure litigation, but I get, I can get crazy, you know, and learn all the, at least the procedural aspects of it here in the next couple of days if not like, you know, in the next month or so. And then, um, if I have to go out and sit down with, with my business partner in Houston who's been doing pre foreclosures and just learn it from him in like a 24 hour period, I think I can do that because I don't think I'm going to be spending the time in court. I'll probably be working with the clients to get them qualified initially and see what they need.
And then if a, at least in the beginning, if litigation is required, that's kind of what my partner's specialty will be. So we're complimenting each other in that way that I'm more skilled in the online stuff. I don't even want to say skilled, but I'm more. That's just my world. My world is like lead generation and uh, understanding how to, how to provide value to clients and his specialty at least right now is actually doing the pre foreclosure stuff and probably discussing things with clients and closing deals and things like that. So it's going to be a good, a good marriage. I think we talked about that because he's, he's actually about to get married now, but he's about to have like a big wedding and um, I was telling him, you know, we need to really be sure that we want to do this because we get along really well and I went to law school with the guy and we knew each other there, but we've never really worked together on anything but a becoming business partners is like being married.
And so we're like, you know, let's, let's date a little bit before we jump right into getting married by discussing our businesses kind of on a daily basis and keeping in touch and, and talking about exactly what we want to and how we want the business to move forward. But that's what's happening so far. So I'm really excited about this, that I'm even documenting all the steps that I'm taking as far as real estate on the backend to help clients, a potential real estate investors that we might be able to create a course for them or something to help other real estate investors do what we do and sometimes if you can train people in real estate to help them make money and that can. That can be helpful to you as far as meeting other people in the industry and doing what are called joint venture deals where if they can't find a buyer for their house, they'll come to you and then you can just split fees by introducing them to your buyers and just kind of brokering a deal between two people.
So there's just so many different angles. And having launched several businesses, I'm. I think I'm aware of the mistakes I've made in the past on those businesses and I'm really trying to stay on top of making sure that I'm documenting everything that I'm doing so I can teach it in the future. And also my llc business fits in really nicely with real estate as I've talked about on here before. I'm just creating tons of lcs for real estate investors in itself is a good business model. So I'm still working that angle. And that's the only thing that's kind of holding me up on this is that I'm really a still learning a little bit about [inaudible] with real estate, but also servicing a lot of people right now just like providing tons of client that I'm not clients but tubs of value to potential leads and figuring out what their questions are, what their hold-ups are on the [inaudible] side.
So this is coming at this thing from four or five different angles to see how many streams of income can possibly come out of, of one, one a niche. So yeah, a lot of stuff going on with real estate right now. And that's what's going on with my week is having as good of a week as I am so far. Everybody's doing some deals and uh, having a great, great beginning of the weekend and just playing out your business and the way that you want to. So talk to you guys tomorrow. Let me know if you need anything as far as LLC related or have any questions as far as the real estate stuff that I'm doing. Um, you can reach me at chance at LLC. Freedom [inaudible] is my email or a check out llc, freedom dot [inaudible] slash youtube if you want to kind of see some of the stuff I'm doing on a daily basis.
Hey guys, thank you so much for listening. I really, really appreciate everybody tuning in and all the great feedback I'm getting about the podcast, so I'm going to keep it up and I just wanted to say thank you. Also if you want to figure out the three ways that most entrepreneurs are getting themselves sued, you can head over to llc, freedom dot [inaudible] get sued. I have a little freebie there that kind of outlines the three major ways that people are getting sued and how they can easily be avoided. So hop over to LLCFreedom.com/getsued and pick that up today.
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Welcome to the entrepreneur like you with business attorney and entrepreneur chance reynolds, a daily podcast that brings you the best legal tips, marketing strategies and storytelling tactics that will help you grow your business the right way.
So big week. This week I know that I'm going to be doing tons of real estate stuff this weekend. I know not everyone that listens to the podcast is really all that interested in real estate investment, but since this podcast is only works, if I talk about what I'm doing, I have no choice but to really talk about real estate investment on here. But just because I'm talking about real estate investment doesn't mean that the things that I'm saying or talking about don't apply to online business if that's where you are. Brick and mortar business, whatever business it is that you work in. Most of the principals like on this podcast and kind of transferred all of those. So one of the big things over the weekend that I did was just still answering questions from a post I made like last Monday in a real estate investment group for LLC, specifically answering questions about llc.
So a lot more people with a lot more questions in that group, on that thread, a lot more people asking me to create their illiteracies and you know, setting up consults and I'm hopping on the phone with people and Networking, meeting other attorneys that are in that industry. Some of them local, some of them you know in. I think the other. The other person was an Oregon, an attorney that I met with, but either way, the point of it is, is that facebook group posting and helping people within facebook groups, even if it's not your own group, it can be extremely valuable. Of course you can't fake it til you make it in this sort of scenario because you have to provide real, actual value. So if you see that there's a common question that people are asking in a facebook group and you're really wanting to provide value, do what I've talked about on here before, and go to the bookstore and pick out every single book that's on that topic and speed read as I've talked about on here, the chapters that are relevant to that specific situation.
So you can learn it and then you can apply that knowledge to help these people. So if you don't know about the speed reading, basically you're just pulling a stack of book books out. Like for example, when I wanted to learn about real estate, I just went and bought every single book on real estate investing in the entire Barnes and noble bookstore. I stack them up and then I look at the, the table of contents and I look at what the relevant portions are too, llc to, you know, for an attorney, um, to answer questions. And I read the chapter that the chapters in each of those books that dealt with that topic. And then by the end of that, you're kind of an expert and you can answer a lot of questions. And if you can't answer questions, you go back the next day and do the same thing again.
And I've done that like four or five times with real estate investing because I know a lot about the legal side. But I want to make sure I know all the steps that they're going through. So can adequately answer their questions. And provide them the proper steps that they need to take in order to succeed. And just in the course of doing that, you're, you will become an actual expert. And if you're not, then you're not doing it right. So that's the first step that you should be taking. If you're wanting to provide value in facebook groups and drive potential business to yourself in whatever arena it is that you're that you're doing. So one post I made but I spent probably 30 minutes to an hour writing over a week ago, is landing new business today. It's a great way to push business to yourself because if you actually have value to offer, then you shouldn't feel bad about getting people coming to you and asking you to help them because you're actually providing something valuable.
If you don't know what the hell you're doing, then go and learn how to do it and then come back and provide about. You can't really fake it til you make it for very long. I mean, maybe you'll get a little bit of success, but then once you start getting clients, people are going see you don't know what the hell you're doing, but it's not like you have to go get a college degree necessarily or go to law school necessarily to learn everything you need to know to provide somebody value. Of course you shouldn't be providing legal value to somebody but provide some other value, become an expert in some little area that you see that people are having questions in whatever arena, whatever niche it is that you're wanting to serve. So just be valuable and that's what I'm going to be doing this week is since I'm helping so many real estate investors, I really want to start investing like that's important to me.
Not necessarily because the money is so good, which that's one huge valuable piece of it, but because if I'm going to be providing a little C's, I need to know what the common pitfalls are and I'm not going to fully know the common pitfalls unless I do that. So like for online entrepreneurs, I've created online businesses so I know kind of the flow that they're going through and where the liabilities are with real estate investing. I'm going through the steps now, but I haven't actually gone out and landed a deal yet. So that's kind of my goal this week because I'm going to be setting up a website, I've got some email addresses and phone numbers. I'm going to be running some facebook ads, some custom audiences, and I'm just using all of my online marketing skills that I've developed to, you know, testing them to see if they'll work in the real estate investing world as well.
So real estate investing is marketing if you're doing wholesaling for sure, but it's not when I look at what people are doing with it, they're not utilizing facebook in a way that I think would be the most valuable. So they're used to using Google adwords, which is great. Um, but I'm much better at facebook. So I would rather create facebook custom audiences on the back end since I already have email addresses. If you don't know what that is, you need to Google and find out because it's super powerful. Since I already have these people's email addresses that I want to target and buy their homes, I'm going to run facebook ads directly to them. You can do that if you have their email address, it's called creating a custom audience and you need to, I think 20 email addresses, but I think I have like 300, so I'm gonna start running those ads hopefully today.
But before you do that, you have to have somewhere for them to land. You need some sort of landing page that at least has a phone number. So I need to get a phone number that's not my actual cell phone number to route them through a couple of steps to take. So hopefully by the end of the week, if not the end of the day, I will have all that stuff done. You also need art for your ads. There's all these little steps you have to take. But uh, that's what my week is looking like. I'll let you know how it progresses and if the ads work or if they fail because that's what I want to do on this podcast is kind of document what I'm doing and everything I've done so far with real estate investing and helping that crowd with [inaudible] and everything has been very valuable to me and I've provided a lot of value to them too, and that's the only reason is bringing value back to me.
So it's been. It's been kind of a crazy ride learning everything, so in such a short span of time, but if you really are motivated to grow your business and you see a an area within that niche that's not being served properly or there's some bad information or something that you can just add to that, that people are willing to pay for it, then you've got to really step up and fill that hole as fast as you possibly can because if you don't, somebody will. I guarantee it. Anyway, that's what's going on this week. I'm super hyped about it. Hope everybody has a great week and I'll be checking in and letting you guys know how this goes throughout the week. Have a great week. Week.
Hey guys, thank you so much for listening. I really, really appreciate everybody tuning in and all the great feedback I'm getting about the podcast, so I'm going to keep it up and I just wanted to say thank you. Also if you want to figure out the three ways that most entrepreneurs are getting themselves sued, you can head over to llc, freedom dot [inaudible] slash get sued. I have a little freebie there that kind of outlines the three major ways that people are getting sued and how they can easily be avoided. So hop over to LLC, freedom dot [inaudible] slash get sued and pick that up today.
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Welcome to the entrepreneur like you, business attorney and entrepreneur chance reynolds, a daily podcast that brings you the best legal tips, marketing strategies, and storytelling tactics that will help you grow your business the right way. What are the most common? He's
the vice advice that I hear is that you should learn to say no to things and saying no to things is so super important. And if you don't say no, your business can't grow. All these kind of just weird little sayings that people have about business and how to grow your business. But I think for the most part that's actually bullshit because if you don't say yes to things that make you uncomfortable and to things that you don't necessarily know how to do, you'll never know if your business can grow into that direction. So yes, it's important to learn to learn how to say no to people that are asking you to do things that are outside of the realm of your business that you just can't do because, um, you won't be able to move forward at all in your business if you do that.
But people will come to you with all sorts of stuff, asking you to do stuff that makes you uncomfortable, that you don't think you want to do, that you would never dream that you could do. And it's important to to try a lot of those things. And maybe that's not going to be the slickest, most systematized part of your business, but you'll never know if that's something that could actually benefit your business or something that you'll like or something that might provide the most value to your customer in the end until you try it. And so that's kind of the main thing. If you don't give people what they want from your business and from yourself, then you're not going to be able to really have a business. So if the most common thing that people come to you asking you for is that you just for example, for me.
So lcs are by far the most common thing that I do. And when I first started my business, I had the, the biggest intention that that's all I was going to do. No contracts, nothing else. Just all that's going to take up all my time and it does take a 99 percent of my time, but people come to me with all sorts of stuff and sometimes it's family members needing some help and sometimes it's just somebody randomly run into that just has a question about whatever it is that, that they were going on, you know, that they have going on in their lives as far as like legal aspects or who knows what it could be. It could be so many things. Um, so I wanted [inaudible] to be the number one thing that I did and they are the number one thing that I do.
And I started off really stubborn just saying like, nope, everybody's going to have to go through this pipeline and that's how I want to do it. And that's how I envisioned my business. But people don't care how you envision your business. They only care about getting what they want. And if you want to be good at business, you have to give them what they want. Not every business is. There are some exceptions where people can really dictate exactly what they do with their time, and I'm not saying that you should chase money as far as doing things you don't want to do just for the money. I don't think that's a good reason. A good reason to do it is to see what the system is to complete whatever project they've asked you to complete and if you can provide a really quick and easy system for that.
Even if you can't necessarily make a lot of money, you might realize that you have a talent for something other than what you're doing and that you might be able to offer a new product. So remember that when you're creating your business, you need to make sure that you understand the difference between a business and a product. And this is a mistake I've made an icu in a mistake that I see a lot of people making and why they're not branching out into new areas is because they have an idea for a product and that's the only product that they want to sell and they're moving forward. But most companies that just have one product are not going to be that successful. I mean, that's just the sad reality of it. If you have a business businesses sell multiple products and maybe one product you like less than the other, but maybe offering, you know, contract services or something for me that uh, people eat on a daily basis even though I don't really like doing contracts nearly as much as I liked doing all.
And I'm not as knowledgeable about contracts as I am about llc is if that's what people are wanting and people are coming to me the most with that, that's something I should consider, you know, creating as a product and people are going to be coming to me with that anyway. Even if I can outsource it or partner up with somebody else to do the contracts portion of it, you can just do the sales part of it. And then when they need an llc or they need some other legal, you know, product that you could sell to them, they're going to come to you because you've already helped them get what they want. And you did a good job and you, you know, you came to you with a problem and you solved it. So next time they have a problem, they'll probably come to you to get it solved. And that's why you shouldn't just say no to doing all these things that you don't want to do. Sometimes you got to do things you don't want to do business as business. Um, I'm not saying that you should be a slave to someone else's time, you know, make sure that your time is being used in the best way for your business, but also makes sure that you're not getting stuck on one product and not expanding your business because you're reading. All the gurus say that you to learn how to say no.
Hey guys, thank you so much for listening. I really, really appreciate everybody tuning in and all the great feedback I'm getting about the podcast. So I'm going to keep it up and I just wanted to say thank you. Also, if you want to figure out the three ways that most entrepreneurs are getting themselves sued, you can head over to llc, freedom dot [inaudible] slash gets sued. I have a little freebie there that kind of outlines the three major ways that people are getting sued and how they can easily be avoided. So hop over to llc freedom.com/get sued and pick that up today.
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Welcome to entrepreneur like you with business attorney and entrepreneur chance reynolds, a daily podcast that brings you the best legal tips, marketing strategies and storytelling tactics that will help you grow your business the right way.
This way you can possibly make money online or in any business really is if you can provide a way for someone else to make money. So you have to think about business as you're solving a problem for somebody. Somebody has a problem, you're providing some value. It solves their problem. That's the most basic way to look at it. And if you went to a business school, you would spend, you know, two years after, after you got your bachelor's degree, getting your Mba and ultimately that would kind of be the purpose of what you would learn. You learn a lot more intricate studies and you learn a lot of tactics and you learn, you know, a lot of things of course about business, but ultimately that's what you need to know. So you provide value for someone else in a way that you make them money and they pay you money.
That's all it is. You can you just need clients, so I know that the number one problem in my business and most businesses is that I have a lack of clients and I need more and more clients in the pipeline all the time because as soon as your pipeline runs dry a, then you have to spend time filling that pipeline and while you're filling that pipeline and your business is not making money and you're not making money, so the best thing you can do, this is why starting an Internet marketing agency is one of the most lucrative in one of the ways that you can still make money so quickly. I guess it's. It's lucrative and it's a quick way to make money and there's a low barrier to entry because you're going to a potential client saying, look, I can drive money to your business and once you drive those people into the business and they get a little bit of return, they have no problem paying you money to get those clients.
That's the whole purpose of what you do. That's why when I started my llc business, I didn't really fully understand it. In that simplistic of terms, and so I like selling all cs, but it takes a long time to turn over because ll c's don't necessarily make businesses more money. There's not an urgency for that. If you're. If you could help people get clients, there's always an urgent need for people to have more clients and for their business to make more money because that's the purpose of their business and everyone who's in business needs money and clients, so urgency is something you should consider when you're. When you're determining your business model and what you're going to create. Does the. Does a client have an urgent need for that? Do they even realize they need it? Do you have to educate them first? So with [inaudible], one of the biggest hurdles I have to get clients is that a lot of times people don't even understand what the hell it is.
And even if they do understand they've gotten so much bad information from other people, they don't know that they needed. So I have to educate them. I have to overcome their objections of maybe some objections that they've created off of false beliefs from someone else, telling them something wrong, and then I had to educate them on the correct way that I had to convince them that I'm a better option than somebody else. Then I convinced them to give me money to do it. So there's a lot of hurdles there. If you want to quickly make money, understand Internet marketing and even just facebook marketing in general, if you can convince one person just that you can get them clients, even if they're on a free trial, you can start making money that way. You definitely can start making money that way because that's an urgent need.
I mean you have to understand how to do it and there are a lot of moving parts. It's not a simple business, but the urgency has already built in. So just thinking about that this morning, because I saw. I saw a video that was talking about product creation and it didn't really talk about urgency and to me having started several businesses, some that are, you know, have failed some that have succeeded in some, they're somewhere in the middle. I think that's the most important thing and if I ever create a new business, that's one of the things I think about how urgent of a need is there for the product or service that I'm providing.
Hey guys, thank you so much for listening. I really, really appreciate everybody tuning in and all the great feedback I'm getting about the podcast, so I'm going to keep it up and I just wanted to say thank you. Also if you want to figure out the three ways that most entrepreneurs are getting themselves sued, you can head over to llc, freedom [inaudible] slash get sued. I have a little freebie there that kind of outlines the three major ways that people are getting sued and how they can easily be avoided. So hop over to llc freedom.com/get sued and pick that up today.
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Welcome to the entrepreneur like you with business attorney and entrepreneur chance reynolds, a daily podcast that brings you the best legal tips, marketing strategies and storytelling tactics that will help you grow your business the right way.
Prevalent in online marketing and just in the online business world in general is something called forced controversy and it's just exactly what it sounds like. Something that needs to be explained. Really. It's just creating controversy just for the sake of controversy. Just to drum up something, uh, some attention for your business. Sometimes it could be a really good idea. Saw, not that I'd necessarily want to get political on this, but I saw somebody talking about how they had a roofing company and in order to run a campaign with every new roof you bought, you know, every time they came to roof to your house, they would give away like a free gun or something. I mean, that's got a crazy thing to do, but of course, like, you know, they got picked up by Fox News, the law, the local news stuff. Uh, interviewed them and asked them why they're doing what they're doing. And really the reason they're doing what they're doing had nothing to do with guns or guns rights or the second amendment or making a statement about anything had to do with just getting their name in the media and it worked. And I'm not suggesting you do something that controversial, controversial because that's a little bit out there, but a controversy can work now where you have to be careful as when controversy is something to do with your personal brand, like you're making a personal statement about something that could
really tarnish your reputation going into the future. Just so you can run one marketing campaign. So there's a guy follows, name's Jr Reavis, and he's running an ad right now talking about college, kind of the low hanging fruit of a controversy as college now with college worth it. Or is it not? And people that have successful online businesses that have no, I have not gone to college or went to college and dropped out for whatever reason. Like to say that um, college has no benefit for somebody who wants to be in the online world.
Part of me believes that like you don't need a college degree to do online marketing. If you understand personal branding, there are better ways to spend your money. It's, it's not that the education itself is bad or that getting a degree is bad or the path to getting a degree as bad. All those things were good and they're, they're beneficial for sure for people, but it's the money that the schools are charging. So if you can go to a community college that's, you know, a thousand dollars a semester or something, that's one thing, but if you're having to spend 20 grand a semester, it's probably not worth it. But of course this ad doesn't take any of that into, into account. It's not a thoughtful, a campaign controversial campaign where it's really weighing the risks and benefits. All it's doing is it's forced controversy just saying, look how much money I have.
I'm waving money around. I never went to college. You shouldn't go to college. So it's actually suggesting to people that they shouldn't get educated, um, through traditional means. Now this is a smart guy for sure. I'm smart marketing. I don't really know if he's smart in any other way. I don't know. I'm not accused saying that he, he is or he isn't. I honestly don't know. I've only heard them talk about marketing and his marketing stuff is good and he has this very successful online business. Um, he has a very successful coach who's kind of taken up as a pet project as well, who courts a lot of controversy and has made millions of dollars off of controversy and his name is Dan Henry and um, he's kind of the master at that. And I almost think that Dan Henry doesn't really intentionally try to be controversial. He just is controversial with his beliefs and he's kind of, don't want to say he's like a dumb guy.
He's a very good marketer, but he doesn't. He's not a evolved intellectually by any means. And not that you need to be done to do marketing cause he's got a hell of a business. He's got a more successful business than I would ever even want to have. Um, but uh, I actually like him, but I do wonder sometimes whether he's just stating his mind and then on the back end pretending that he's trying to court controversy on purpose or if his, the things he say he said the things he's saying about these topics are just what he actually believes. And um, the things that he believes that he actually believes on these topics are just really, really uninvolved. And it's like, OK, well you're just, are you actually actually happened to believe these controversial things unfortunately for you? Because there are a lot of them are just really uneducated, like takes on things.
And uh, I don't know. That may be by design. It may just be by personality. It may be due to the fact that he doesn't have any education. Like that's one benefit of getting an education that a lot of these people don't focus on is that you can have a more well rounded discussion on certain topics rather than just being like a forever stuck in a frat bro kind of mentality, which that whole camp is kind of stuck in that area. But great marketers, pretty smart guys in that arena, maybe extremely smart even beyond that, but uh, definitely really forcing up some, some forced controversy when it comes to education and I just wonder in the long run, if that's a good tactic for long-term strategy of credibility because when you're saying you're making these statements that people shouldn't go to college, like just straight up. That's what Jerry was saying, like college is a waste of time and money and a waste of money may be wasted time. I don't know about that. Um, because he basically just says what's a college degree good for to make money. That's all it's for. So it's not thoughtful. It's not as thought out response to whether college
has any benefit or not. And I guess that's the point of that. Maybe I'm missing the point of a controversy at least I'm sure that's what they would say. And this is the type of reaction exactly that they want because people are talking about it. So I don't know if you're, if you're looking to be controversial, I'd say if you're, if you're building your personal brand using controversy, be careful. If you're doing something like roofing and it's under a company name and you want a courtroom controversy, um, locally to get some attention, I think that's so much smarter and safer way to do it, um, in the long run, but
just be careful what you do with your personal brand because you're stuck with that. It's like you can come back after you've just said like, college degree should be used as a for holding, you know, picking up your dog shit, which is essentially what Jay says and has not even essentially it's exactly what he says in his, um, his, uh, add that he's running now and then and then come back and say, well, maybe that wasn't so [inaudible] your ag people are like, following this guy, looking up to him. I mean, he's a young guy. So his following is like real young people, I'm sure. But, uh, I don't know. I don't know if that's a good idea to you. GotTa. Be careful with forced controversy. Hey guys, thank you so much for listening. I really, really appreciate everybody tuning in and all the great feedback I'm getting about the podcast. So I'm going to keep it up and I just wanted to say thank you also if you want to figure out the three ways that most entrepreneurs are getting themselves sued, you can head over to llc freedom.com/get sued. I have a little freebie there that kind of outlines the three major ways that people are getting sued and how they can easily be avoided. So hop over to llc freedom.com/get sued and pick that up today.
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Welcome to entrepreneur like you business attorney and entrepreneur chance reynolds, a daily podcast that brings you the best legal tips, marketing strategies and storytelling tactics that will help you grow your business the right way.
All right, so yesterday on here I talked about using facebook groups to drum up leads by just providing like tons of value. So I practiced what I preached and I wanna show you the results or tell you the results. Um, OK. So I posted right after I got done with the podcast yesterday, I posted about 21 hours ago. I posted about five paragraphs worth of text about Cs, answering the two most common questions that I see in this real estate group. And they were, what were the questions? Do you need to do need an LLC now? Or do you wait after your first deal? And do you need multiple [inaudible]? So since the nature of real estate business is that you're moving properties, properties can be protected by, sees it kind of in a different way than your business. And it's really great idea that if you're holding properties, rental properties that you put them into [inaudible] because there's a ton of legal liability when it comes to a rental property, meaning, um, slip and falls.
Like that's what it's just a generic term for somebody getting injured on your piece of property. And if somebody walks on, like in a, in a grocery store, if somebody walks into a grocery store and there's a broken pickle jar and somebody slips in the pickle juice and breaks their arm, they're going to sue the grocery store and maybe even the pickle company, who knows. But you can bet your ass that, that the grocery store has some sort of insurance policy as the first line of defense. And then a, you know, an entity at the state level for the second line of Defense, which would be an LLC. And that's the same thing with the rental property. Like somebody falls down the stairs. If some duplex that you owned doesn't even have to be a tenant, they can sue you, they probably will sue you.
And you just want to make sure that you have that llc there because that will protect the house that you live in from the lawsuit, have a, somebody's fallen down the stairs and the rental house, meaning they're two separate entities, the rental house that is in its own llc, it's considered it's own business entity and it's not necessarily owned by you, it's owned by a business entity. So that's, that's the whole point. And maybe that doesn't make any sense to someone who doesn't know anything about real estate, but it's pretty cool actually kind of intuitive. Um, and that's a common question that people ask and the group, they're just like, Hey, I'm just getting started. Don't need to know, well see now, or do I just do deals? And like how many [inaudible] do I need? So I answered those questions and it took me all day fielding.
That's all. That's pretty much what I did with my whole day. So I'm, you know, stating that I believe in the 80 20 principle where eighty percent of my results are coming from 20 percent of my effort and I've kind of reverse engineered how I'm getting most of my deals and it's doing exactly this. I don't mind spending a whole day fielding questions for free for people in a facebook group that's not even mine because I know that eighty percent of my results come from this 20 percent of my efforts and it proved true. Once again, I'm not just fielding people's questions, but actually creating a post in the group. I after I created a gut. So many. So 77 people liked it. And then there are, oh gosh, I don't know, 50 or 60 questions follow up questions that people asked underneath it. So I answered every single question that got asked.
Some of them I didn't know 100 percent right off. So I had to kind of go back to my books and be like, hmm, that's an interesting situation. Think about it, analyze it so I could give a good answer. So you take your time and do it because it's not like you're wasting time on facebook not working. It's like this is lead generation and if you're generating leads for your business, like what are you doing? Are you, are you really moving your business forward? And um, got some people on the phone, people reached out to call me, have some more people requesting to connect with me on messenger, which is just as good as getting on the phone, almost not quiet, but I'll do a in vmd messenger voice message drop that I've talked about on here a million times and has, uh, led me to sales and it looks like I'm going to make about $800 off one of these deals, um, if not today on Monday.
And that's the power of, of providing value. When you hear these gurus and people talking about provide value first and then the sales will come next that it's a hundred percent true and don't try to sell. You don't need to sell on your posts. So it's nothing that you're giving away. Value wise is probably that original most of the time if you're giving away something, you're not the first, you're not the biggest innovator. Maybe you have some personal spin on it or some little tweak, but, uh, don't be afraid to give away that stuff to prove how valuable you are because it's competitive and if you can't stand out and show, show a potential client that you have something unique and that you have something valuable and that you, they should choose you over somebody else. That's another thing that gets asked and every time I didn't want these value drops, um, if you do it right, people won't even realize that you sell the thing.
So they'll just go, hey, should I just go to legal zoom? And it's like, no, you should hire me because I'm providing you with this value. I'm show you that I'm valuable. Then that's basically what I say. I say no, I mean I actually, what I said at this time is I just said if you want some kid to do your llc that doesn't know anything, that's great, but I do this and I do it for the same price as a legal zoom and you have the, you know, the, the peace of mind knowing that an attorney has done your llc and not some kid. And uh, that's true. It's a hundred percent true. I'm not lying about anything in these posts. So that's another important thing. Like, just be honest, like if you don't know something, just say that I don't know, I defer to somebody else.
Tag somebody that you think might be able to do that, you know, understand that one issue better. Next time you do a value drop, you'll know you'll know the answer. So it's, it's works on several levels like you, you get to show your value, you get to learn what people want to know, you get all the questions. So it's kind of like an ask campaign and then you actually can learn and kind of hone your skills. That's one of the things I like about a lot because I'm on there all day, took by the end of the day, my hands are cramped from answering questions and that really gets me at the top of my game and realizing all the different scenarios that people are in and analyzing them upfront and rousing OK, these are the. This is the best type of structure for them because some people want some really complicated entity structures like they want a holding llc here.
They want it to be owned by Wyoming Llc and then they need an anonymity and then trusts come in and like how should you use them? And then there's inevitably people who are going to argue with what I say, which is my favorite part of the whole thing. I talked about that yesterday because like some old school real estate coaches came in and just said, forget it all so easy. You just need trust and it's like clear. They don't know what the hell they're talking about and I get to just slay them right there in front of the whole group. Just like, look, you're a snake oil salesmen. You don't know what you're doing, you shouldn't even be doing this, but I don't do it like an asshole like that. I just take them apart, point by point, and then they try to come back and say, well, I knew that, but you don't use [inaudible] [inaudible].
And then it becomes very clear. They don't know. They just don't know. So they've just, they've just bought some program from a guru that told them to use trusts and they're just like, trusts, trust work, not realizing that trust preside, provides absolutely no asset protection whatsoever and really shouldn't even be used for real estate in this way without, unless it's in conjunction with an LLC. So there's just really no reason, no reason for it. And that's what I laid out. And uh, just destroyed two old timers that are just preying on people and since they're older people, as soon as they know what the hell they're doing and maybe they've done a hundred and 50 to 250 real estate deals, who knows? Maybe they create trust every day and they've worked just fine. But that doesn't mean they're going to continue to work because they don't, that's just not what they're meant for.
They're meant to help. Um, if you're using it for real estate to help real estate, avoid the probate and estate planning situation, it's an estate planning tool that is not an investment tool. So people need to understand that anyway, that's not really. The point is, it's awesome when people try to argue with me that provides me the biggest platform to, to establish that I'm the authority in that niche for [inaudible]. Like there's just no question and some. But most people agree and some people are like, but, but what about this? And that's not arguing, that's just smart analytical thinking by a smart business person. And I like that too. And I'm like, great question. Here's, here's how that works, or yes, you're right and this is how I like to do it. And you just, you, you can't be afraid to put yourself in a position of authority and just, you know, so you provide value in that at the end.
You just say like, if there's any questions, please answer them right, right here in this, in this post, in this group. So everyone in the, in the group can get value from it. So you put it on there, you know, don't, don't inbox me about these. Let's ask these upfront so everybody can learn from the questions and of course people are going to inbox you and that's kind of on the backside like what you want people to do and what they should do because you, if you establish yourself as credible in that space, people should want to hire you. And that's, that's just the fact of it. You know, they understand you're in business and your provide something valuable and you give it to them and uh, you know, they want to reciprocate by, by throwing use of business. So anyway, it was a crazy day.
I wake up to, you know, a lot more comments on there and I'm going to spend, if it takes me all day answering questions again, today I will be a day well spent because it's lead generation. It's like running ads. If you spent all day on facebook ads because that's how you got your leads, uh, you wouldn't feel like you wasted the day and you shouldn't feel like you wasted the day if you're just like responding to comments on, uh, on a value value posts that you make. So anyway, it's Friday. Have a great weekend. I will talk to you guys on Monday.
Hey guys, thank you so much for listening. I really, really appreciate everybody tuning in and all the great feedback I'm getting about the podcast. So I'm going to keep it up and I just wanted to say thank you. Also if you want to figure out the three ways that most entrepreneurs are getting themselves sued, you can head over to llc freedom.com/get sued. I have a little freebie there that kind of outlines the three major ways that people are getting sued and how they can easily be avoided. So hop over to llc freedom dot [inaudible] slash gets sued and pick that up today.
Yeah.
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Welcome to the entrepreneur like you with business attorney and entrepreneur chance reynolds, a daily podcast that brings you the best legal tips, marketing strategies and storytelling tactics that will help you grow your business the right way.
So once again, it's been proven that facebook for me is by far the best way to spend eighty percent of my time and I know that there are all these apps and things that could block facebook from your computer and you know, supposedly help you be become more productive. But if you're in online business, I would say probably you don't want to use those apps because providing value on facebook is one of the ways is the number one way I've gotten my customers. That's not. I'm not talking about running ads. I'm not talking to her about a pushing people over to my website. I'm talking about going into facebook groups were not my facebook groups, but other groups that I'm in. People will ask a question about something and then you just provide a valuable answer to them. My friend, uh, are not really a friend, but I, a pretty close acquaintance of mine who have talked about on here before, does this so well, uh, with affiliate marketing stuff.
So he just lives basically in the, in the clickfunnels facebook group. And as soon as somebody posts a question in there, he's on it because he knows that software backwards and forwards. And so he can almost provide an answer to any question that somebody asks, especially if it's tech related or, um, a question about how to promote clickfunnels as an affiliate because he's definitely like for real an expert on those things. And, um, I've even seen him help out the tech team and he's, it's just a matter time before he's like big time in that group, uh, you know, like an administrator of that group. But, um, I go into facebook groups, like, uh, this, this past couple weeks I've been focusing more on real estate investment, uh, just for an example of how I do this. So you always hear, you know, provide value free free, valuable information up front and you know, the sales will come on the back end.
And Man, it's so true when it comes to facebook groups for sure for me because I'll go into like one of these real estate groups in each and every day somebody asks about an LLC, it's literally every single day and as soon as they asked about it a little, see, I will provide them information because in the same way that Katelyn is an expert on understanding how click funnels works and how to run affiliate offers and he can kind of provide any information that is necessary to those people. I'm that way with the little c's and maybe one other person that kind of has a, has a pretty good grasp on the LLC, but most of the time, even if they don't understand it at the level that I do, um, because if there are not a lot of go into these groups, my son's sneezing in the background.
But a lot of attorneys go into these groups. So sometimes it's a CPA and they have like a 95 percent understanding of it if they're a good CPA and they'll defer the question over to an attorney because that's just generally not where their training is. There's some, I've met some CPAS that are on my same level of understanding, but for the most part in those groups to other people providing LLC information don't know what the hell they're talking about. So I'll provide information. Somebody will ask follow-up questions. Half the people that respond, we'll have something positive to say. The other half will try to argue with me about whether or not it's true, but I kind of like when that happens because I get to show everyone in the group exactly where those people are wrong because I can tell exactly. If somebody is right, I'll say yes, that's exactly right, but if someone is wrong, I'm not just going to let that linger out there.
I need to correct that. If I want to be the expert in, I really want to provide value to people in the group and so I will correct that information. I will make sure that all the information on there is perfect and of course, you know when you're talking about legal stuff, there's always a couple of different avenues, but there's an easy way to kind of just couch everything that you say as an expert is like in this situation, if you're doing this, this is what you need because you never know what he's doing until you could get them on the phone. So if you do that, your messenger will start blowing up. People will start sending you messages, friend requesting you. I'm requesting at least if they're up for in requesting you, they'll request access to send you messages, which is just the same as being a friend basically better actually, if you had one or the other, you'd rather them message you directly and they'll ask about your prices.
They'll ask about who you are, where you're located. And that will start up a conversation yesterday. I provided value on one post and that led to three new leads that particularly are going to make me thousands of dollars. So, um, especially when it comes to real estate investors, they need a lot of [inaudible] and I'm just realizing how many they actually need and even if I'm offering a deal that, you know, I'll, I'll set up your first llc for a hundred 97. Then after that I'll do them for 100 bucks and if they set up four or five little sees a year, that's, that's pretty good return on investment for me, especially if they're using my registered agency service which could be, you know, a couple of hundred more dollars per year in perpetuity. So just spending 10, 15 minutes on facebook lead me to being in conversations with people on Messenger and on the telephone.
And that's generally like how I like to close them and talk to them on the telephone. Um, led to that, taking up my entire day, your strand to reschedule my whole day because I made one value posts in a group that I'm not even an ad administrator have. And uh, it's just such a great way to spend time. And that's one great way. When you hear people say, just provide value, provide value, you've got to provide value. I mean blogging is a good way to do it. Videos is another good way of of providing value, but the best way I've found is going into facebook groups and answering questions that are asked about my specific niche in my specific skills and so whatever your skills are, even if it's flooded, there's some room for you to participate and even if somebody is already answered the question, hop on there and answer to give because maybe that maybe somebody's going to see your answer instead of the other person who's in your niche so that that's how I do it. Get it all the facebook groups that are surrounding that. People are going to have questions about what you offer.
Look forward to go to the left of the group on a desktop and search for the terms that relate to your niche and then answer everywhere. I don't care if it's six months ago. Somebody asked the question two years ago. Somebody asked the question in that group. Then provide your value and just say, I mean, don't just say like pm me for details, provide the value in the open, just give it away for free, just like you wouldn't know youtube video or something, just make it in a post, take your time, make it thoughtful, but it doesn't have to be perfect, but it has to answer the question and it can't be salesy. Just just provide the value. Don't expect to sell to sell to that person, but just expect that you're going to provide them value and then the sales and the leads will, will come on the back end.
So that's what I do it. Gosh, it work so well. It's, it's easily by far the, the way I've gotten to know more leads than any sort of adds any, anything else. That's the number one way of doing it. So if you want to check out what I'm doing with real estate investment, go to my youtube channel. I need some subscribers, man. It's really pathetic because I have some good stuff on there and I give a lot of views, um, in the past, but I kind of neglected youtube for a while, but I need to build a backup. So go to LLC, freedom dot [inaudible] slash youtube. Get on there. If you have any questions about [inaudible] or real estate wholesaling or investing, will c's to protect your business and yourself and your personal assets. Email me at chance at LLC, freedom. . Everybody. Have a great day.
Hey guys. Thank you so much for listening. I really, really appreciate everybody tuning in and all the great feedback I'm getting about the podcast. I'm going to keep it up and I just wanted to say thank you. Also if you want to figure out the three ways that most entrepreneurs are getting themselves sued, you can head over to llc, freedom dot [inaudible] slash get sued. I have a little freebie there that kind of outlines the three major ways that people are getting sued and how they can easily be avoided. So hop over to llc freedom.com/get sued and pick that up today. Yeah.
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Welcome to the entrepreneur like you with business attorney and entrepreneur chance reynolds, a daily podcast that brings you the best legal tips, marketing strategies and storytelling tactics that will help you grow your business the right way
and kind of inspired to do more interviews by a show called hot ones on youtube. If you haven't heard of it or you haven't seen it. It's this crazy talk show where the host and the guest is Sam host every week obviously. And the guest is just some different celebrity. I mean it can be ranges from like rappers to actors to musicians, comedians, like all the normal people you would see on any sort of late night talk show. They sit down and then there's like a, an ascending hotness of hot sauces on wings. There's 10 wings and they eat a wing and then like the, the interviewer starts asking questions, showing wing as well. They're just sitting on a table across from each other, like how you'd be just at a restaurant to eat chicken wings and um, they have vegan people and have vegan wings and generally like the same lineup of hot sauces.
But it's like, you know, progressively it's getting hotter and hotter and hotter and by about fifth or sixth wing, the person is like really struggling. The interviewee is really struggling to actually talk about the topics and they're just trying to say whatever comes off the top of their head and it's pretty ridiculous. It's a ridiculous concept for a talk show, but it works really well because it's so original and it made me realize I'm really putting off interviewing people on my show. Not that I want to interview them while we're eating chicken wings or anything like that. But it would be, it's a good creative way to do a talk show. But uh, for me, just the first step is just booking guests on the show and finding out who these these professionals are that are in areas that I'm not in. And I've done it before.
I had a whole show that was, that was interview based at least 90 percent interview based. So occasionally I would do lessons on there. Um, and for that show it was that there wasn't really. The stakes weren't that high because I was just interviewing law school students and it was in the relationship for the most part between myself and them. It was still, I was kind of the dominant party. I could control everything that happened on the show because I had already done what they were doing. I was giving advice to them. A lot of times they're asking me for advice a lot of times they're also pretending that they knew more than me, which was kind of annoying as well, but it was just one of those situations where it wasn't like a high stakes interview, but interviewing people's like pretty nerve wracking. Like you don't think about that, but you don't have a lot of control over the situation.
Like right now, as you and I, as I'm sitting here and I'm, and you're listening, I could, uh, you know, stop this recording started over if I wanted to. It's rarely ever happens that I actually stop and do that, but I have control over what happens and how this interview is perceived. If I'm interviewing somebody else, I don't have that control and it's not that I consciously think about that and I'm like, I need to have control to do the interview. It's just in the back of my mind. It's something that prevents me from doing it because it's harder and I want to put out a podcast every day, but I want to put out the best podcasts that I possibly can and I'm, I'm not. It's not even that I'm starting to think. I know that having at least a couple of interviews, at least one interview a week would be beneficial to me and be beneficial to listeners and be beneficial to bringing in new subscribers to the podcast listeners.
And it's the key. Like when I had a Ross Christa fully on here, it was almost an immediate impact on my listenership. People started contacting me. I've gotten business off of that. I've, I've set up at least three or four [inaudible] specifically because of people from his audience that reached out to me, um, wasn't directly from his audience, but someone from his audience that saw the podcast reached out to me. And then it's sending their audience over to me. So actually maybe it's a good idea to have that guy on, but uh, just doing interviews like it, it's a great way to meet people for one, learned things, build conversational skills. And I'm, I'm halfway decent interviewing. I mean I've done at least 30 of them so I have that experience so I don't know what the hell is holding me back. It's just I get caught up every day and don't take the, don't take the steps to do it and it's great to do it on facebook live, but it's probably easier to get people to actually just straight up come on a podcast like you just skype with them.
And record is really super easy to do that. So the technology part isn't standing in my way. Uh, the only thing that's standing in my way is my own. I don't know if it's laziness or fear. I don't know. I'm not going to let it happen anymore. I'm really going to try and get somebody on here before the end of the week or at least set somebody up for next week because people actually contacted me, random people contacted me through email to ask to come on the show, but I don't know who they are. And um, I don't really ever respond to their emails because if I want to do interviews I want to be seeking out very specific people that are doing something that I'm talking about, something that I'm interested in and that I think my audience would be interested in because I'm into just kind of documenting what I do and like for me it would be something like a, anyone really in the online world, but it's like personal development people that reach out to me and I'm like, that's great, but I'm not so interested in that.
So that's kind of my big goal is to get out of my own way, stop making excuses for why I can't interview people and then just start doing it and take the steps and do it and just man up and get it done. So hopefully talking about that on here will, you know, give me some accountability, hold my feet to the flame a little bit and I will start to interviewing some people that I don't know, that you know, are just random people that are in industries that are interesting to me and that I think will be interesting to you. So if you're listening and you know someone like that or you are someone like that, reach out to me. Chance that LLC freedom. I'm also put up on a youtube video yesterday. Went to my first tax auction. Uh, I talked about that on here yesterday morning before I went.
Man, it was just like crazy situation was nothing like what I thought it was going to be. Um, and I have a new youtube video about that and also I was going to talk about that on here, but I went ahead and made a youtube video for it instead. So you can go to [inaudible] dot com slash youtube that will redirect you over to my youtube channel. And um, that should be the first video that comes up. But I have a playlist called my day to day wholesale or wholesaling day to day, I can't remember, but it says wholesaling is the only playlist on there that has wholesaling. So check that out. Um, yeah, and if you have any questions about [inaudible], reach out to me at the email that I gave you. So hope everybody's having a great week. Hope you have a great Wednesday and uh, hopefully I'll be back either tomorrow or Friday with some interviews.
Hey guys, thank you so much for listening. I really, really appreciate everybody tuning in and all the great feedback I'm getting about the podcast. I'm going to keep it up and I just wanted to say thank you. Also if you want to figure out the three ways that most entrepreneurs are getting themselves sued, you can head over to [inaudible] slash get sued. I have a little freebie there that kind of outlines the three major ways that people are getting sued and how they can easily be avoided. So hop over to llc freedom.com/get sued and pick that up today.
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Welcome to entrepreneur like you with business attorney and entrepreneur chance reynolds, a daily podcast that brings you the best legal tips, marketing strategies and storytelling tactics that will help you grow your business the right way.
Hey guys, sorry I missed the podcast yesterday. It's Tuesday now. Normally I obviously record the podcast five days a week, but yesterday it just didn't happen to. My kid was sick so he came to work with me and that was just never a quiet opportunity throughout that day. Despite being sick, he's extremely aloud, so just didn't happen. Sorry about that. Won't happen again until the next time it happens. So this week my big plans are. I'm going to a tax sale auction today to do some networking. It's I get, I'm not sure if it's called foreclosure Tuesday or auction Tuesday out there. Some name. This foreclosure attorney that's a buddy of mine was a ta told me what they call it. I can't remember, but. So I'm going down there to do some networking. Basically what I'm going to do is just go down and see who's buying houses and pass out my card and let them know, you know, I set up ll c's, um, because they're real estate investors and that I'm going to possibly doing some be doing some wholesaling and uh, that I might possibly be doing some foreclosure attorney.
So that's another thing that my friend and I discussed possibly in a, in May. We're going to team up and kind of launch a small. It'll mostly be an online from to help people that are in foreclosures because if we're doing a lot of the LLC stuff for real estate investors and we're doing some of the wholesale stuff. I've been talking about, meaning finding people who want to get rid of their homes quickly. And I'm helping them do that by getting their house under contract and signing it over to a buyer that somebody that wants to fix and flip the house or somebody that wants to hold it long term for as a piece of rental property or whatever they want to do with it. Um, we're going to be able to help them. Do that and just another way to service those clients would be do to actually help them possibly renegotiate their, their loans with the bank and you could do that through litigation.
It's not a terribly complicated process and it's something that we could. It's just a way to not leave people behind that are going to probably be reaching out to us for help. So those are kind of the three angles we're going to take on wholesaling. My a friend who's also a foreclosure attorney and I are thinking about partnering up on that and creating a law firm and then as well as partnering up on some of the real estate deals as well. So we're in. We're in the process of testing that stuff to see if that's gonna work and the first Tuesday of every month here in my county, I think it may be in the whole state of Texas, but definitely my county the first Tuesday of every month is to have auction. They auction off properties that have been foreclosed on by the banks and I think for taxes to.
I'm not really all that concrete on exactly what's even going to be taking place at the auction, but that's kind of why I want to go because I need to know the process so we be down there here in a few hours and um, that will kind of determine what's happening with me this week. I've, I, I, I definitely have several [inaudible] to set up this week, several new clients this week, so I'll be doing that today. Just woke up to a sale overnight. So that's always really awesome when you can wake up and realize that, you know, somebody that you spoke to yesterday actually closed and that's very nice. So hopefully more of that will be happening this week. Hopefully I will be making some offers on some houses this week. That's kind of one of my big goals is to actually start reaching out to people that are going to potentially want to sell her house house, ask them, you know, tell them I'm an investor in, go out and at least look at some of the houses and I'm trying to kind of do this thing where I make an offer on every house.
So of course my offer is going to be extremely low compared to what some people want because my goal is to get it really, really low and then turn it over to somebody who's got a fix and flip it because the property's I want to invest in, are going to be kind of like jumped out properties of at least older, older properties where somebody who's been living there for a long time. Maybe there's some renters there that trashed it out. Some situation like that where the either the landlord or the owners just like, I just want to be done with it. So that's what's going on this week. I'm going to try and make an offer on every single house that, uh, I look at to every seller that I talked to, assuming that they want to sell it at something, you know, at least if they're open to negotiating on the price, if they just say no, I want to list it on the mls or real estate agent.
And that started really, I'm not going to make an offer to those people because that's not going to work. But, uh, those are the plans this week. Hope everybody's having a great week. I will let you know about how the foreclosure auction went. Um, tomorrow. I'm hoping it's not going to be like really sad event where it's like people's houses are getting foreclosed on because that's kind, pretty sad for the people that it's happening to, you know, I don't mean to laugh. I'm just seriously like I don't know what to expect. I don't know if it's going to be people out there like trying to bid against the bank to get their own home. I have no clue. So, uh, I'll let you guys know how it is and hope everybody has a great week. I'll talk to you guys tomorrow.
Hey guys, thank you so much for listening. I really, really appreciate everybody tuning in and all the great feedback I'm getting about the podcast. So I'm going to keep it up and I just wanted to say thank you all. So if you want to figure out the three ways that most entrepreneurs are getting themselves sued, you can head over to [inaudible] freedom.com/get sued. I have a little there that kind of outlines the three major ways that people are getting sued and how they can easily be avoided. So hop over to llc freedom.com/get sued and pick that up today.
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Welcome to the entrepreneur like you with business attorney and entrepreneur chance reynolds, a daily podcast that brings you the best legal tips, marketing strategies and storytelling tactics that will help you grow your business the right way
lately that I have a knack to really dive in and learn new traits and new business structures and new ways of just understanding how people's businesses are running really. So since I, I evaluate people's businesses to make sure that they're really completely protected. Um, a lot of what I do is doing research to make sure I understand people's businesses and how they operate. So I don't just naturally understand how every business operates. I generally don't know how any business operates until the person comes to me. And most of them are pretty similar. So like I've talked about her before. I set up [inaudible] for drop shipping companies that I've done that like just so many times. I have a really good understanding of how that business works now. Yes, the, the distributors are different for each drop shipper and you know, location is different and the different types of products that they're shipping are going to change what type of liabilities they have, but for most of them it's pretty similar stuff that they need to do that need some liability insurance and they need an LLC and they need to make sure that they're doing certain things with their llc to a keep it active and to make sure that, you know, they're not just making like common mistakes that can get them a get their llc, what's called pierced.
But anyway, that's not what this podcast is about. I'll geek out and start talking about that stuff and that will become the whole podcast. What I want to talk about is how I learn about these new businesses. So since I set up, I will seize one thing that'll allow people need one when industry that there's an urgent need for lcs is our real estate investments. When people have a rental property or something like that, there's a ton of liability involved in that meeting. Somebody slips and falls down the stairs, out your rental property, they're going to sue you, they're going to sue whoever the owner is of that LLC. And I mean I've that a rental property and the best way to make sure that your other assets like our pr, like your main residence are protected, is to have that piece of rental property protected within an LC.
And the way to do that is that you just, when you purchased that property purchase, purchase it in the name of the LLC of which you are the member of the LLC. It's pretty simple. Um, it can get complicated if you've already purchased the piece of property outside of the LLC and then you have to move it in. Sometimes your bank get kind of scared about that because they don't understand how that works. But then that's when you have to hire somebody like me to go in and talk to the bank. But, um, that has led me into what I've been super interested in and what I've talked about on the podcast last week, which is wholesaling real estate and just different types of real estate investments. And kind of how pieces of property fall into people's hands for like very little money in what they're doing with the property and why they're doing what they're doing with the property.
So I just thought I would talk to you about the process of how I can learn a ton and how you can learn a ton. Anyone can do this. This is not like some super skill that I have. Um, it's just, you have to be thirsty to understand something, you have to be driven to understand it. And if you do this you can learn any skill like in a couple of days at least the broad strokes and then you want to go out and find some sort of mentor or something. I definitely think that's a big piece of doing it. But, um, I just straight up go to either the library for public library, which their selection on business books are, is not really that good. So what I prefer to do is just go straight up to barnes and noble, go to the business section. Um, for example, with real estate, there's a whole section in the business section that just talks about, um, for one, there's one that talks about negotiating, which is a big piece of real estate investing is that you're negotiating with sellers and buyers and already kind of know a lot of that.
So I haven't done as much reading up on negotiating, but I grabbed every single book is about 10, 15 books that talk about real estate investment. I'm talking about, you know, real estate investment for dummies. Robert Kiyosaki, who's like the rich Dad, poor dad, author his, he has a compilation book where it's him on the cover. You might think that he wrote the book, but then every single chapter is written by some different expert in that field. Like there's like attorneys, um, apartment billionaires, you know, like, I think Donald Trump even has a chapter in there and it's kind of like these essays that they write on specific aspects of, of real estate investment. Like if you want to do foreclosures, there's some foreclosure, an expert attorney in their title attorneys. They're in there. So there's, you can just look in the table of contents of all these books and you don't have to read 15 books on real estate investment eventually.
Maybe you would like to do that, but just to get a grasp of the broad strokes of what the business is, you look at the table of contents of all the books, you see, what the big time similarities are and where your interests are. In my case, it's what are my clients doing and I focus in on those chapters and then I read them in all 15 of the books and really you're spending about an hour and a half to two hours. That's about how long it takes me to do that. And then you've got a pretty good base knowledge of what's happening in that area and yeah. So the Barnes and noble employee is going to be pissed that you're just coming in there and stacking up 15 bucks on a, on a desk, you know, on a table in the coffee shop and then they're going to have to shelve them.
Yeah. They probably don't like that, but I'm not going to buy 15 books on real estate investment and spend, you know, hundreds of dollars when I don't need 90 percent of what's in those books. So that's what I do to get a really broad sense of, of how to understand whatever topic it is that I'm trying to understand. Generally it's a client issue and generally I don't have any interest in going into that business. Real estate investment just really intrigued me because when I think of real estate investment in the past, I always thought it was something a little more complicated. But looking at it, it's like this is really like pretty easy, pretty much like running an online business. I mean, yes, there's more face to face aspects and you can do it more locally. I mean you don't have to, but um, it's so broad of what you can do with it and it's something that you don't have to probably spend a ton of time doing all the time.
It's easier to kind of build a business with real estate, I think, than to start a drop shipping a tee shirt company or something. It just is more intriguing to me than that. Like I would rather do this than sell Amazon affiliate stuff. You know what I mean? Like that's just not something I'm really fired up when I see it and when I see people moving houses for five, $10,000 spreads, helping people out. Say somebody just gotten a divorce and they hit the couple, has this piece of property is one out of it because they just got out of this terrible marriage and they just want to be done with it. They don't want to put it on the ammo on the multiple listing service and get a broker and weight possibly a year for the thing to sell. They just want out of it like right then so they can just chop the money up and move on with their lives.
You can really help people out that way and a lot. Sometimes people look at real estate investing in that sense as you're praying on desperate people. I don't think. Yes, there's an aspect of that and there are people that do that, but I think you're missing the bigger picture of sometimes people just want to be done with their piece of real estate. Are they going to get as much money as they would if they waited a year? Probably not, but sometimes they need the money. Right. Then what if like they have a medical bill and they're just like, I'd rather just get this medical bill paid off where they put a lien on my, on everything. Take me to ruin my credit, you know, so you really can help people. People don't think about the aspects, uh, you know, those scenarios where people just want to be out of there, out of their situation.
And if you can wholesale something, you could really facilitate a quick exit for them. Like you can put money in their pocket, you can make a little money for your efforts and then whoever's going to buy it on the back end can do whatever the hell they want to do with the piece of property. Who knows what they're gonna do and not, that's fine. But that's how I learn a massive amount of stuff in a very short period of time. I take an hour and a half to two hours. I go down to the Barnes and noble. I stack a bunch of books. I don't care if anybody gets pissed, they probably think I'm crazy. Um, and then I just look at the table of contents of all of the books, see what the commonalities are, and then really research on things that are, that are super common and read those chapters is that easy.
And then all of a sudden you know a lot about that one topic because you've read the top 15 books that are current on that topic. Of course you don't read the whole book. You're gonna read 15 books on it, sitting right there. You read the relevant parts. This is like where people talk about speed reading and, and um, what's his name? Tai Lopez talks about how he reads one book per day. This is what he does. If you listen to what he says he does, he's like, one of the biggest lies is that you have to read the whole book. He's a hundred percent right. If you're reading a book like this for this purpose, you don't need to read the whole book. You need to read what's relevant for you. Now, do you have you read that whole book? Should you tell people you read that whole book, it doesn't matter.
All that matters is, did you get the knowledge that you needed from that book? And that's what speed reading is in this sense and that's what it does. So that's how I learn to turn. Go down to your barnes and noble stack up 15, 20 bucks or whatever subject it is that you want to learn on. Learn about business. I mean, this works in self, self help and business mainly. If you're trying to do this with fiction, it won't work. Um, so that, that's my tip of the week. I hope everybody has a great weekend. I will be back next week. Check out my Youtube Youtube Channel at LLC, freedom [inaudible] slash youtube. So you guys next week.
Hey guys, thank you so much for listening. I really, really appreciate everybody tuning in and all the great feedback I'm getting about the podcast, so I'm going to keep it up and I just wanted to say thank you. Also if you want to figure out the three ways that most entrepreneurs are getting themselves sued, you can head over to llc, freedom dot [inaudible] slash get sued. I have a little freebie there that kind of outlines the three major ways that people are getting sued and how they can easily be avoided. So hop over to llc freedom.com/get sued and picked that up today.
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Welcome to the entrepreneur like you with business attorney and entrepreneur chance reynolds, a daily podcast that brings you the best legal tips, marketing strategies and storytelling tactics that will help you grow your business the right way to actually only make
sort of a. This is going to be a podcast and it's going to be a video that's going to go on my youtube channel. So I'm making a push to do a little bit more on youtube. I have to youtube subscribers. I'd like to have like at least a hundred because there's so much good content on there. So I'm going to document a little bit more and put a little more on there and really start moving to as far as video trainings go at least or even vlogs or whatever. Um, I'm going to be putting. Those are a lot more focused on putting those just straight into my facebook group and on my youtube channel and building them out that way. So I'm going to be documenting a lot more, uh, as I'm going through this wholesaling process because I'm really in brand new to it.
And I really believe in Russell Brunson's, probably not Russell Brunson's, but I learned it from Russell Brunson to a document rather than create. And if I'm helping people build businesses, I've been focusing on online business, but I'm real estate investment stuff doing wholesaling and if you don't know what I'm talking about, you'll just have to go to my youtube channel. freedom.com/youtube. I'm doing that. That stuff is just as legit as having an online business. And I wonder if just kind of show the process of what I'm doing. So as far as video recording and podcasting, you can see if you're watching this video, this is not like an elaborate setup. I'm sitting on a couch in my garage with a lavalier mic plugged directly into my computer. I'm recording it using A. I have a Mac and I use I movie and my dogs are just like walking around in here.
I mean it's nothing. All that that crazy. And I think this is my 100 and seventh episode, thousands of downloads at this point. So don't hesitate to start a podcast because it's really super duper easy. And um, to, to like repurpose content meaning to use podcast content, video content across a bunch of platforms is not that difficult. So like I'm going to turn this into a video for my youtube channel. I'll probably put it in my facebook group. Um, and it's going to, I'm going to strip the audio off of it and turn it into a podcast. I mean, that's a little bit more elaborate. Excuse me. If anybody's interested, I can help you do that. You can reach out to me a chance at LLC freedom. Com. I can teach you real simply how to use your, your Mac or even your phone to record a pretty high quality podcast.
I mean, the sound on this isn't perfect. It's not like I'm in a studio, but that's, I don't care about that. I mean as long as it's not like screeching in your ear and you can understand the content, that's what's important to me. So yeah. So I just get up first thing in the morning. Right now it's six, six, 15 in the morning. And normally I record this podcast about this time in the morning, if not earlier, I get up, I turn on my coffee, I feed my dogs, eat out here in the garage in the mornings. Normally they wake me up, I feed them when they're done eating. My coffee is ready. I come out here, I have generally have no idea what I'm going to talk about on the podcast and I think for about 30 seconds to a minute before I start about what I've done over the last day and what I plan on doing and what I'm excited about for the day.
And then I just map out, you know, how um, what I'm going to talk about on the podcast. So starting a podcast is super-duper easy and it can be really, really helpful for people. So the wholesaling stuff I'm doing right now, creating a youtube playlist for all that is a pretty easy. I'm going to document all that and my son's waking up right now and he's mad because who wants to come say hi, but he knows what I'm doing the podcast to wait a few minutes but go to my youtube channel LLC, freedom.com/youtube and you can figure figuring out what I'm doing with wholesaling. I'm taking, taking down all the steps there, recorded myself doing the cold calls, all that stuff.
I'm going to a meeting with a buyer this afternoon, so that's what's going on with me today. Going to be documenting a lot more rather than creating, going to be using youtube a lot more instead of using my facebook, my business facebook page and I'm just making a lot more videos that are just quick, simple to the point like here's me doing something you can take from that what you want. Here's an example of how to do it, how not to do it, and then eventually you'll see if I'm successful. So that's what I'm doing this week. Really hope everybody is having a great productive week. Go over to my youtube channel, LLC, freedom.com/youtube. Subscribed for crying out loud, it's an embarrassment that I have to subscribers, so I'll talk to you guys tomorrow.
Hey guys. Thank you so much for listening. I really, really appreciate everybody tuning in and all the great feedback I'm getting about the podcast, so I'm going to keep it up and I just wanted to say thank you. Also if you want to figure out the three ways that most entrepreneurs are getting themselves sued, you can head over to llc, freedom dot [inaudible] slash get sued. I have a little freebie there that kind of outlines the three major ways that people are getting sued and how they can easily be avoided. So hop over to LLC, freedom [inaudible] slash get sued and pick that up today.
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Welcome to entrepreneur like you with business attorney and entrepreneur chance reynolds, a daily podcast that brings you the best legal tips, marketing strategies and storytelling tactics that will help you grow your business the right way.
Sorry guys, I'm going live from my car today because I'm out busy hitting the road, getting some things done outside of the office for once. I'm trying to be more proactive as far as getting out of the office. I'm actually going to turn this off because it's Kinda loud. I'm getting out of the office, making sure that, you know, I'm, I'm out getting leads in a way that isn't just so standard. So one of the things I did early this morning, so I've watched a training on how to get leads for real estate investment. I think this is kind of see if that works okay. For real estate investment. And it was, it was pretty enlightening because the guy that was talking about it was talking about actually going and hitting the road outside of just networking events and actually going to places like bail bondsmen intend, uh, you know, just striking up a conversation with them going and walking into a real estate office.
And of course this was about, um, kind of like real estate investment style stuff. But it was enlightening because it's wasn't so much of just the getting on facebook live to network, you know, different methods of online networking and just going to regular networking events. It was actually focused on in person relationship building tactics and how to make sure that you're not just sitting around in your office all the time doing just the standard stuff that everybody's doing. If you're doing the same stuff that everybody else is doing, sometimes that works, sometimes it doesn't. And a lot of times people are doing that because it works. But at the same time it can become extremely saturated when you're doing that. So it's important to kind of try to think outside of the box. And I was really inspired by what I saw in that training.
Sorry, I'm in the parking lot of my office. I saw. So I look like somebody was walking up to my car. Um, I was really inspired by what I saw in that training because it was so outside of what most people do in the online realm. Most of the, most of the stuff, trainings for online networking or are either pushing that you just go to regular networking events, which a lot of times I feel like it's a lot of people pushing the same products and the same services. And it's kind of counterproductive to do that. You could go to a thousand networking events and not meet one serious businessperson at them. I mean that not every networking events like that, but a lot of times that's what it's like. And that could be a real bummer for me and it makes me just not even want to invest my time it because my time is very important to me.
And I don't want to spend my time at, uh, doing things with people that I don't feel like are actually going to take action. And a lot of local networking events for entrepreneurs. It's a lot of people that either they don't want to take action, they're scared to take action or they just don't know how to take action and they feel like just going to the networking event itself is a form of taking action. And that I don't like to spend my time doing that. I don't feel like there's a good return on investment for that. And you can meet people that way. It's a good, it's a good way to meet people. But are you meeting the right people? Is it niched down enough to where you're meeting the people that actually need your services and your help? And I struggle with that. But if you actually go out to just randomly dropping into bail bondsmen or this guy.
I mean, attorneys was one of, one of the things that I suggested for real estate investment. Like for example, going out to probate attorneys offices and just giving them your card and telling them, you know, I may have some people that could use your services. It just an exchange of service, just networking. It's just generally networking, but it's actually doing it in person with someone that's targeted instead of just a hope and a prayer hoping that somebody at the local networking event, um, is the type of person that you want to do business with. So rather than sitting around for two hours or even three hours in some networking events that I've been been to that were the, the range of people is so broad and eclectic and that's good if you're just trying to make a good group of friends. But if you're trying to beep in his car a million times, if you're trying to actually do some targeted networking, it's not a good idea.
And I think I hadn't actually been able to kind of put together while I wasn't liking those networking events until I heard this guy talk today and realized this is why. Because it's not targeted enough. I'd much rather just reach out directly to the people that I want to network with and um, you know, have a discussion directly with them about how I can help them or how they can help me or how we can have a mutually beneficial relationship so that, that was something that was really inspiring to me. So I'm hitting the road today despite the fact that it's starting to rain right now. But anyway, I just wanted to pop on here just real quick and just have a little bit of have alive today even though it's not like an in depth training or anything like that. That's just kind of, and not necessarily an epiphany, the epiphany that I had today, but just something that if you're in sales and the network of people that you want to build, the relationships that you want to build, build is something that's important to you.
Then it's really important to make sure that you're networking is very targeted. So take the initiative and create your own networking. Doesn't have to be some event that's created by some third party. You can always just network with the people that you want to network with and that will help your business. I think a lot more than just just a wish and a prayer, you know, a hope and a prayer of meeting someone at the local networking events. That's the local what whatever it is, if it's not targeted, but it's not specific to one type of niche than it might be a waste of your time. Anyway, that's what I'm thinking about today. I will talk to you guys tomorrow. Thank you so much for listening. I really, really appreciate everybody tuning in and all the great feedback I'm getting about the podcast. I'm going to keep it up and I just wanted to say thank you. Also if you want to figure out the three ways that most entrepreneurs are getting themselves sued, you can head over to llc, freedom dot [inaudible] slash gets sued. I have a little freebie there that kind of outlines the three major ways that people are getting sued and how they can easily be avoided. So hop over to llc freedom.com/get sued and picked that up today.
Welcome to entrepreneur like you with business attorney and entrepreneur chance reynolds, a daily podcast that brings you the best legal tips, marketing strategies and storytelling tactics that will help you grow your business the right way. Okay, so I guess I'll just do like a quick, a
rundown of everything that's going on in my business life right now. So llc freedom. The company that I use to help entrepreneurs, mainly online entrepreneurs get set up with that. We'll see. Super cheap is still rolling wrong along still building relationships, building referrals on that. And you don't have sales or are trickling in. It's not like they're pouring in, but sales are happening, which is good. Um, courses. I've been randomly. I told you guys I created an l, a llc course, like a companion course basically for the book that I wrote. The why llc, guide for online entrepreneurs, um, is on Amazon if you want to buy that. It's like a couple. I'm honestly don't even remember what it's for. Say what price is that right now? Maybe two bucks, maybe a dollar. I can't remember. Um, that course has had some people enroll in it.
I have done zero promotion, I think, um, you, to me the platform that it's on charges maybe like, I don't know, they, they run these huge deep discounts. Um, people are contacting me through that and I'm just remembering now that I never responded to someone who emailed me about that. So that's rolling. I had said I was wanting to create one course per month and I'm with my facebook lives. I've created a course. It's basically three parts that I've been doing, weekly themes. So I did a week where I talked about sales tactics and I had somebody on, I did a week where I did legal compliance and then I did a week where I did storytelling. What I'm going to do is wrap all those videos up into a course, post them up on a, uh, on my, on a website and then just put a membership protection on it.
So super easy to make a membership page and then I'm going to give that away for free in exchange for an email. And I think I'll probably do that this week as my loud dogs like strolling in here. Um, I'll probably do that this week, so I will have created my February course. Um, I think I revised and said I would do a course every other week, but I'm also doing another mini course for somebody who's helping me do some marketing stuff with El. We'll see freedom. I'm going to create a, just a little course on [inaudible]. I can't off the top of my head, remember what all was going to be in that, but I'm going to try to do that towards the end of the week. That's the LLC business. On top of that I'm doing, I'm learning ton about real estate investment. I don't want to say I've become a real estate investor that I have a real estate investment business because I've done no real estate investing yet to this point, but I'm getting damn close. I'm bree a read a ton and um, found a ton of online guides and stuff, mentors that, uh, I might follow. I met some people in person. I've done some in person networking today. I'm meeting with the guy that I've known since I was in middle school that
I knew he did some oil and gas stuff and I guess he does have some wholesaling and some real estate investment as well. I'm not exactly sure, but we're, we're going to go to lunch and I think he might be interested in buying a whole lot of properties and if I'm going to be grabbing up a bunch of properties and selling them, he might be, it might, we might have some mutually beneficial interests. I don't know. This is just how real estate works. It's so networky and um, I haven't really, I kind of built my little see business in order to avoid that. But with real estate, I don't know that you can. I don't know if you could avoid it. I'm not sure that I would even want to. This is, it's just a different type of business and I'm actually kind of excited about how it's a lot of it's done face to face because
I know some people that are in that business. It's less complicated than like an LLC. So for lcs, it doesn't help me to network with other people that understand [inaudible], you know what I mean, like that's not beneficial to either one of us, if they understand it, they just said throwing the ball sees. Um, if they don't then I can help them. So face to face networking it can be beneficial. And I'm probably gonna do some presentations live at like some, you know, call some meetings. I'm put on some little events. Why? Don't know why I can't think of that. Yeah, put on like little training events where I teach people about llcs and especially if I'm moving into real estate, I really want to intertwine that business into my llc business and help people get there, a little cs protected and limit their liability that way.
Um, but with real estate, I think you don't, it's not so specialized. It's one of the things that I'm not like anybody can do it because there are a lot of moving parts and I think you either have to surround yourself with a great team or learn all the stuff yourself. Uh, I think probably learning everything yourself in the beginning is probably the smartest way to do it. And then you just learn from doing it. It's just transactional. So not every deal is going to be the same and there's a lot of face to face negotiating and every deal is kind of exciting and different and um, it's just a different way of learning. It's not just like reading a book and then following some instructions like [inaudible] llcs are pretty simple. Um, for the most part. It's why you can get them like so dirt cheap when you're talking about just a regular business.
I'm like, for me, I've just done so many of them. Once you know the basics and you understand like people's structure of online business, it doesn't really get that complicated. Um, real estate can get complicated because a lot of times you're moving stuff into trust and you have to have some capital in order to put money in escrow, um, to show that you're serious to the buyer. And then you have to find a seller. Then you have to have to go get a title attorney, at least in Texas, you have to have a title attorney and in other states you have to have a closing attorney yet to have some sort of middleman that can look at the title, the chain of title on a piece of property and make sure the person selling it actually has rights in that property and there's not some third party that's going to pop in and say, no, I actually own a 25 percent of that house.
You can't sell it. That's basically what a title company does yesterday. And I'm building out kind of some little Vlog of every thing I'm learning about real estate right now at a llc freedom.com/youtube. I'll start posting that stuff today. I believe I should, it should be today. I got a new intro built by a new video intro built by a freelancer online on Fiverr for five bucks. Um, so hopefully that comes in today. It's like worthy, but if not, I'll still post it because you don't really need a video intro. Um, yesterday I spent all day calling title companies and finding one that, uh, actually fit what I needed and I was so glad I did that because I've found one right off the bat that understood what I did, but they were pretty rude. And then I talked to another one and they were like kind of questioning, you know, acting like I was asking dumb questions.
I'm sure they are dumb questions, but I don't know the process. So I ask every question that comes into my head to make sure that I'm, you know, dotting all my i's and crossing all my t's. I want to know every single detail down to the last thing because in the end, um, I don't know, maybe I'll be more interested in being a title attorney who knows. I just want to know everything about it. So, uh, I called, you know, every title company basically in Johnson County, which is the county that I'm planning on working in. And uh, finally one called me. I had called them all and left a couple messages and talk to a lot of people and figured out who does what and pretty much everyone said they were capable of doing what I need to need to do with real estate, which just kind of this weird little niche of people that don't use real estate or selling their houses for cash on their own.
And uh, everything I read said it'd be real hard to find ones. So I made this long list of all these companies and it turned out every single one I talked to who said they would do it, but then the very last one was so helpful. They gave me a contract. They, uh, told me exactly what I needed to do, how to make sure that my contract is assignable. Um, you know, how, how I could use a trust. And they were just like very nice and accommodating and obviously have done these sorts of deals, like a lot of time. So I was super glad I actually made the list and called all the people because that was the last person I talked to you and they actually called me back and almost didn't even answer because I was like, how busy, you know, I've already talked to all these title attorneys, I don't probably don't need to talk to this company.
And then that was the one that works. So the, I'm trying to get in the mode of answering every phone call because when you're doing real estate investment, so much of it is just phoned based. You're just like probably five playing phone tag a lot apparently is what it seems like. Which is fine. You know, I could answer the phone, it's not a big deal. But uh, today I'm meeting with a potential buyer. So if you more curious about how any of this works. There's a guy I have no affiliation with this guy. His name is Max Maxwell or you can search that on youtube. He has some stuff that I really liked. It's pretty informative about wholesaling. It has, he has playlists on his youtube channel. They're all the way from the complete Newbie to really advanced like live q and a stuff. Um, and that's kind of who I initially learned about it from.
So he's cool. I'm also going to be building out on my youtube channel as I said, like some vlogs of what I'm doing and showing you exactly how I'm doing what I'm doing and um, that should be coming out today like those cold calls I made to the title companies. I recorded some. I'm going to put those on video as well and just kind of a brief explanation of what wholesaling is. Either way that's a long podcasts.
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It's a very unfortunate reality that I have to work out this morning. So I'm going to wrap it up, do that and uh, get, get back to doing some llcs, have some llcs to set up today and some real estate investing, little networking with an old buddy of mine and see if would be pretty cool if I could work with work with, you know, some friends that I know that have been doing this for awhile. Uh, some really smart, successful people. So I'm looking forward to that and uh, yeah, I will, I will be back in touch with you guys tomorrow as always, five podcasts a week. Um, go to LLC, freedom.com/group to get in my facebook group. I'm going live exclusively to my facebook group this week. I'm much more often. I did it yesterday, so go check it out. Talk to you yesterday.
Hey guys. Thank you so much for listening. I really, really appreciate everybody tuning in and all the great feedback I'm getting about the podcast. I'm going to keep it up and I just wanted to say thank you. Also if you want to figure out the three ways that most entrepreneurs are getting themselves sued, you can head over to [inaudible] dot com slash get sued. I have a little freebie there that kind of outlines the three major ways that people are getting sued and how they can easily be avoided. So hop over to llc freedom.com/gets sued and pick that up today. Okay.
Hello, I'm Chance Reynolds. Okay, so I've recorded in my life probably well over 300 podcasts I've started and stopped, so tons of kind of little pet projects with podcasts with not a whole lot of, um, expectations that they would blow up in any massive way. Um, first one I did was one with my wife where we just talked about having our kid and just, it was just like a fun way to kind of communicate with each other and communicate about our son and have something that he could listen back to. That was kind of the idea behind that. And that one had a fair amount of listeners, like surprisingly we only probably did less than 50 episodes and I had one with a buddy of mine where we talk to like sports and entertainment and um, it just became like too hard to manage for us to manage our time and we both have families and we just kind of was getting like two Bronchi and it was like particularly going to a possibly hurt our possibilities of getting jobs.
This was like right after I got barred and he had just started a new job and we were just like, this is, it's okay for us to talk like this when it's just you and I, but recording this is probably not good for our future. So we, we stopped doing that show and um, that one was, we got tons of downloads as well and uh, the most popular one I did that got by far the most downloads of anything was where I interviewed law school students and not just students. I interviewed kind of other professors, um, law school admission specialists, just people surrounding law school. Um, what else? I am randomly, like interviewed some lady who actually contacted me about this. She had been on Oprah Winfrey. She'd had a, like a lifetime movie made about this experience where she went to Mexico and like on some corporate retreat as an attorney and a fell off a horse or something.
I can't remember exactly when. I think she felt no, a boogie board. She was boogie boarding and broke her neck and like died and they brought her back. She was paralyzed. And just as crazy, crazy story and I'll talk to her for like a couple of hours and I'm actually almost ended up going into business with this. It was a strange thing, but none of that is the point. The point is I've. I've done this podcast for about five months, four or five months. I think it took until after I hit the one hundredth episode for kind of a, a landslide like effect to happen. Like a slippery slope effect to happen with the, I don't know why I'm talking about is 5:00 in the morning, but for momentum to pick up on the podcast, it took a long time. Took 100 episodes where I really saw any results.
But having done so many podcasts, I know it takes a lot of time. Not like rarely, unless you're starting off with an interview platform where you're interviewing big names and you're interviewing them about things that are kind of really niche. Are you going to be able to just blast off a podcast like in in popularity, even famous people start podcasts where they interview other famous people and those podcasts fail sometimes and that's kind of the most popular platform is the interview platform, so if you're going to start a podcast, you have to think about it as a long term project. It's like blogging. You can't just start blogging and expect people to read your blow. As hard as it is to put out content and to record content or write content, whatever it is you're doing to produce content, people are probably not going to be watching it or listening to it right off the bat.
Youtube is kind of the exception. I haven't really figured out exactly how to get people to watch my youtube videos yet because mostly what I'm using youtube force like repurposing. I'm not doing any original content there. I'm like re purposing podcast stuff, facebook live stuff, and maybe that stuff just doesn't work well on Youtube. I don't know, but my goal isn't really to build my youtube right now. It's more about to be consistent with this podcast and do more of the facebook live stuff and that's what I've been doing. So with all of that stuff, you have to keep in mind that it takes a long time and you don't know what people want. Um, you may only have some episodes that you spend a lot of time thinking about, a lot of time recording, a lot of time researching what you want to talk about.
And five people listened to that. Sometimes nobody will like to. People listened to it and you wonder are they even listening to it? And so you kind of, after you do a whole lot, you have a large sample size to say, okay, this is what people, these are the episodes that people liked. These are the topics that kind of got some traction and sometimes just about the way you name your episodes and you just look at that and go, okay, people like how to titles that are more likely to listen to those people. Like, you know, more personal stories. People like, you know, transformational stuff. And I'm, I'm talking about this on here because I recorded a podcast last week because actually a facebook live that I repurposed for a and I had to strip the audio off the facebook live and turned it into a podcast and um, it just got, blew all the other stuff I've ever done out of the water as far as for this podcast and got like several hundred downloads over the weekend.
I just realized it this morning when I logged on, I was like, Oh shit, this thing actually like got some traction. So you have to give people what they want. If that's what people want to hear, it's just more of the personal stuff. They may have some other outlet to hear all of the tactical guidance or the legal compliance issues, all the other things that I can talk about. And then I do talk about it on here. Maybe some of that stuff's going to take a back seat to more personal stories of transformation. And that drives me to think maybe I'm going to have some interview more interview subjects on here that talk about their personal transformation stories. And it makes sense when you think about, that's what people like to hear. They like to hear stories. We look at the most popular podcasts. That's kind of a theme of a lot of the most popular ones.
Even the business ones, um, that's just what people like to hear because that's what people go through. Those are the stories that we can all relate to and if you can't relate to it, it can inspire you that someone else went through something. And so that podcast that I did was about how I had gone from essentially being a high school dropout to becoming an attorney to just hold about that journey and all the stupid shit that I did on the way and you know, kind of, it's not like I had to overcome any big obstacle that was like outside of myself. It was overcoming like internal obstacles that I was creating for myself in order to succeed and kind of the steps that I took to do that. So if you didn't hear that episode, people seem to be enjoying that up. So to relating to it in some way.
So check that out. I think that's episode 103. Um, and maybe [inaudible] I don't know. You'd have to look. I think this one's [inaudible] but I'm not a hundred percent sure either way. The point is that it takes a while for things to start working and you have to be patient and I'm so glad that I don't look. I haven't been looking at the numbers every day. I don't look at my stats sometimes at all. Um, during the week. Maybe I'll take a quick glance at them. I'm uploading, but I don't put any stock into. It doesn't change my motivation of whether when I wake up in the morning, if I'm going to put, if I'm going to record and post a new podcast or not, I just know I'm going to do it and it may be another year. I had originally thought that when I started recording this because I've seen how podcasts from doing so many of them, how long it takes for them to pick up.
I had stopped doing my law school podcast for six, seven months before it hit like the 10,000 download mark and I'm not even close to 10,000 downloads on this one and I already have 100 episodes and that podcast was not even 40 episodes. I don't think it, it went well over 10,000 downloads, but it was way later and I wasn't promoting it. I wasn't bringing new people on, I wasn't running any ads, I never ran ads to that, like literally never one single ad to that podcast. I'm because I didn't know how to do that at that point. And so it just takes a long time for content to start working. So you have to be patient, you have to be consistent and um, it's not like this podcast is, you know, blowing up the charts and it's going to be up there with like, you know, the Gary v experience or something like that.
I'm not striving for anything that big at all. Even it's just carving out a little niche for myself. I'm understanding what people want, improving my storytelling capabilities. Those are kind of the purpose of this and over ideas and helping people, providing value, but uh, you have to think about what are, what do people find valuable, not what you think that is valuable to them, what do they want from you? And so I'm going to start gearing my podcast towards giving the people what they want. That's a, you know, something that you should do in business and podcasts and content creation and whatever you're doing, that's the direction to go. Be patient, be consistent, and keep creating content because that content can live on six months from now. When I'm talking about right now, people will be stumbling upon this podcast. There's no doubt in my mind that that will happen because that's just the nature of content creation.
So stick with it. I'm hope everybody had a great weekend. Hope you have good solid plans on what you want to accomplish this week. If you don't have some, some way of scheduling out, even if you're just doing a side hustle, um, how you're going to spend time on your business every day this week charted out today. That's what you should do at the, you know, on Sunday or at the beginning of the week is make sure that you have something charted out. So have a great week. I'll be checking in tomorrow and uh, go to, um, my facebook group, LLC, freedom.com/group. Get in my group. I'm going to be talking about all this stuff there. So see you there.
My FB GROUP >>>>>LLCFreedom.com/group<<<<<<<
Listen, you hear a lot of stories like this. "I was virtually dead, living on the streets, abandoned by everyone that loved me..."
I know it's a common story, and it sounds like BS. That's not my story. I had plenty of people that loved me, but I still was a huge screwup.Â
I choose to drop out of high school rather than face expulsion due to NEVER going to class. I was pretty much a juvenile delinquent, and complete 100% certified moron.
I remember getting my Mom to sign the papers that allowed me to drop of out of High School and to enroll in a school in Fort Worth that would allow me to go twice a week, for two hours until I graduated. She was overcome with grief, worry, and embarrassment, I'm sure. Â
There was nothing wrong with the school I graduated from, and it's goals were admirable. It was mostly girls that had gotten pregnant, kids that had been expelled from public school, and some kids that had been charged with crimes (our school district wouldn't allow kids with pending felonies to go the public school).Â
So that's where I went, two nights a week for several months until I finally did enough to scrape by and get a diploma. One day I came home and my Dad said, "Hey, I talked to my friend and he said you were conspicuously absent from your high school graduation."Â
I accidentally missed my own high school graduation! Seriously, are you getting an idea of how much of a screwup I was?Â
Fast forward through several years of directionless wandering and stupidity and now I'm an attorney. I'm an entrepreneur. I have insane discipline and I am as driven as anyone you will ever meet. I do not run from my fears, I face them. I fail on a daily basis. But I push forward.Â
If I can do this, you can do this. You have to work, and you have to do things that will make you uncomfortable. Sometimes your mind will tell you to run away, and sometimes you will. But you have to recognize that the feeling is temporary and pick yourself up and try again.Â
Keep pushing forward. Keep striving. Keep failing. Stay Driven. Ignore the friends and family that want to keep you in the mold of your past. You'll eventually pass them up, but you can never change their minds on who you are. You don't need to! Let them judge from the sidelines as you rack up day after day of productivity. They do not matter.
How to take action today: Set the biggest goals you can reach in 90 days. Set out daily tasks that will help you reach those goal. Make a Damn Schedule! Follow it. Rinse and repeat! Remember that you will fail because you are in uncharted territory. That will get you started.Â
If you want to get in direct contact with me, Join my FB Group!
https://llcfreedom.com/group
Terms & Conditions (Legal Compliance #4)
"What should be included in my Terms and Conditions?"
I get asked this question daily! And lucky for you, I have the most awesome answer that will make your life a lot easier!
Terms and conditions are best to be thought of as a way of laying out the rules of your transactions:
Here are the main components to get you started:
1) What will your company provide the customer?
2) What will the customer provide your company?
3) What will happen if things don't work out? (Refund policy)
4) How and when will payments be processed?
5) What are the procedures to end the relationship?
6) Where can the customer find your Privacy Policy? (discussed tomorrow)
7)Where will any litigation take place?
8) What type of activity is acceptable (forums, FB Groups, etc.)
9) Boilerplate stuff (severability clause, limitation on Liability, indemnity clause)
If you want to watch the video version, you can go to the link here:
https://facebook.com/llcfreedom/videos/1933508149992578/
Messenger Voice Message Drops are an extremely effective and easy way to reach out to leads on FB without selling or being pushy.
Check out Ep. 100 to see how I get people to start friend requesting me like crazy. After they friend request me, this is how I build a relationship!Â
Go to https://llcfreedom.com/mvmd to get a copy of the script that I use!Â
Here's the deal - If people don't like and trust you, they will not buy anything from you.
This is the first step to filling your pipeline. This is how I got my first leads, my first sales, and my first recurring commissions.Â
HINT: I did NOT have to create my own FB Group to make this work. I used other groups to build my status as an expert in my field!Â
It's hard to zone in on a strategy when you're networking and searching for a mentor.Â
I keep it super simple and try to make one meaningful relationship.Â
Want to follow my journey into Real Estate Investing? Join my FB Group below:Â
Join my Facebook Group Here<<<<<<<
Okay, this one is a bit advanced, but it's super important for anyone that is running a business that has high liability potential like Real Estate investing, or product manufacturing.Â
Here are the highlights - Create an LLC in Wyoming that owns your home state LLC, then move your assert into the home state LLC, then transfer the LLC with the asset inside of it, then dissolve the home state LLC.Â
Want some more of that genius stuff? Email me at chance@llcfreedom.com
There are so many opportunities when you're an entrepreneur. Every person on Facebook will try and get you to pay them for their new opportunity. Some will be good ideas, others will be garbage.Â
It's up to you to know which ones compliment your skills, and which ones will drown you and your business.Â
Want to get daily trainings on how to launch and grow a business the right way?Â
Go to https://llcfreedom.com/group Â
Listen, you know the drill! If you operate your business without n LLC you're breaking a HUGE rule of business, and you're basically playing with fire (but without any of the fun).Â
Just go play with actual fire if you need a thrill, and spend a few hundred bucks to make sure your kids aren't paying your debts after you're dead and gone because you were too lazy to get an LLC.Â
It's legal compliance week in my group! If you want to strengthen your knowledge join my group at https://llcfreedom.com/group
I'm looking to expand my business more into the Real Estate market. It's all about the urgent need for asset protection!Â
If you want to follow my FB Live's - This week I'm talking about asset protection and limiting your legal liability with LLCs, contracts, Terms, Privacy Policies and more!Â
Join my FB Gorp at https://llcfreedom.com/group
☞ Sales Funnels!!!! (Duh-Duh-DUUUHHHHHHH)!
😡 We're all burned out on hearing about sales funnels!
Whether it's the Cickfunnels Group where everyone claims to drive Lambos and Make Millions of Dollars while never lifting a finger or the anti-clickfunnelers who think that funnels are some sort of a scam, we're burned out talking about them!
😕 So why am I talking about them? Because this is Sales Week on my page in and in my FB Group (llcfreedom.com/group)!
😎And let me tell you something - Sales funnels are here to stay, and whether you know it or not, you need one, and you're being put them through almost every day!
So let's get elementary with funnels for the FB Live Today! Come on!
Also, I'm making a big push to start moving everything from my Business Page, to my newly rebranded FB Group "🎯 Entrepreneurs and Business Builders with Chance Reynolds"
Go here to join the group: https://llcfreedom.com/group
I promised to bring on a sales expert this week, and Ross Christifulli definitely fulfills that description!Â
Ross has over 40 agency clients, has created several successful courses, and has mentored and coached hundreds of clients!Â
You can watch the FB Live in my FB Group here:
CLICK HERE TO JOIN THE GROUP<<<<<<<
And you can join Ross's FB Group Here:Â
https://llcfreedom.com/ross
When I wake up in the morning I normally jump right into recording my podcast.
The bad part is that I have to see myself on video right when I wake up. It's an ugly site, and I don't recommend it to anyone.Â
If anyone wants to see what I look like later in the day (and learn some stuff), go to https://facebook.com/llcfreedom and LIKE my page! I do FB Live trainings almost every day!Â
Do You Struggle to Close Deals?
Seriously, it’s the dumbest question ever, because this is a HUGE problem with pretty much every entrepreneur!
Most people hate to sound salesy, and with good reason! I remember when I launched my first online product (I won’t even call it a business), I truly believed that the product was so good, and so valuable, that it would just sell itself.
You can imagine how that went. ZERO sales.
Now, I know better.
LISTEN: I do not claim to be a guru at selling or sales tactics. It’s still my weakest area, and that’s why I’m trying to bring some specialists on this week to talk about sales tactics and scripts to really provide tons of value.
But I do have a few tricks up my sleeve from building my business over the past several months, and the one today is super easy, and super effective.
Does it convert cold traffic? No.
Does it convert warm traffic? Yes, it actually does a pretty good job, and it’s a decent tool to have in your toolbox when you’re talking with clients about their problems, and how you can solve them.
This isn't the only trick I have up my sleeve! I am, in fact, a business attorney, #1 Bestselling Author, Coach, Consultant, and 100% Verified Master Storyteller!
If you're interested in a FREE 1-hour coaching session with me, go to the link in the comments!
This is going to be a great week!Â
Not only is my wife starting her new career as a personal trainer and group exercise class trainer, but I am implementing a ton of new things in my business!Â
I'm inches away from being done with my affiliate Business in a Box inspired by Catlin Bettridge. It should launch today or tomorrow. And I will start running solo ads really quickly after that.Â
I was inspired to run my retargeting FB ads to a FREE coaching offer this week rather than straight to a lead magnet, or to an agency offer.Â
I am learning and teaching some sales tactics and closes this week because I need to increase my skills, and there's nothing like teaching to increase your abilities!
Oh yeah, and I have to set up LLCs and EIN, and Operating Agreements and that whole business!Â
It's going to be a great week! Onward and upward! Â
Go and like my Facebook page at https://facebook.com/llcfreedom
This is yesterday's FB Live on how to connect with your potential clients by talking about your Fears, Challenges, and Desires.Â
This is a super powerful method.Â
You can watch the video here:Â
https://facebook.com/llcfreedom/videos/1909923499017710/
Using FB Live has been the most successful way to spend very little, and reach tons of people in my niche.Â
If you're curious how I'm doing it, check out my facebook business page at https://facebook.com/llcfreedom
This is the audio taken from Yesterday's Facebook Live.Â
Telling your story is THE most important part of launching your personal brand. And launching your personal brand is THE most important thing you ca do for your business' long term success.Â
Grab a cheatsheet on how to operate a FB Live here:Â
https://llcfreedom.com/fb-live
I'm still going strong on the FB Live Micro Ads and they are really building my audience like nothing I've ever done before!Â
But am I happy? Of course not! Now I've got to learn solo ads and maybe even take on some FB clients and see if I can get the same results that I'm getting for myself, for others!Â
Want to know the exact checklist I use to set up each and every FB Live I do? Go to https://llcfreedom.com/fb-live
I started running my Retargeting campaign on FB and there's just not enough data to know whether it's going to be a success or whether there will need to be tweaks.Â
You can check out what I'm doing by Liking my FB page at https://facebook.com/llcfreedom
Check it Out!Â
Alright! The numbers are in for this week's FB Live Micro Ads (a new method I'm using to drive traffic and segment leads)!Â
Really excited to have a large audience that I can now provide more value to through retargeting!Â
If you want to know how I structure my FB Live Videos go to llcfreedom.com/fb-live and get my FREE cheatsheet.Â
If you want to see the videos themselves, go to facebook.com/llcfreedom and LIKE my page! Â
This audio is taken from my FB Live video yesterday. The message is clear, but I wanted to share it to show the types of things I'm talking about on FB Live that are getting good responses, and that I am turning into what I am calling "Micro Ads." (Just made that up. Feel free to steal it). Â
Failing is important. We all know that. But it's important to reiterate that because that is part of your story. And if you're in business, you have to tell stories. Sometimes the same stories over and over.Â
If you want my 5 Proven Steps to Creating & Profiting from Facebook Live go to the link below!Â
https://llcfreedom.com/fb-live
Facebook live is going great!Â
If you want to actually see how I am doing it, go to facebook.com/llcfreedom and LIKE the page!Â
Facebook Live is starting to look like a great tool for lead generation. I've always heard that Facebook favors their own platform, but the results and reach I am getting after doing lives for two weeks is just a crazy jump.Â
Want a shot to win a free LLC? Go to llcfreedom.com/mylist to enter the contest!Â
I know I talk a lot about Russell Brunson on here, but he's just really good at marketing.Â
I heard a great interview with him talking about how to curate youtube videos, help entrepreneurs save time, and build your email list in the process!Â
If you want more tips and tricks form me, go to llcfreedom.com/mylist and get on my email list!Â
The paid traffic is still lagging, but we got another source of referrals, which is a close second to turning cold traffic into sales.Â
Want to see how I'm running my Facebook Live Funnels? Like my business page at facebook.com/llcfreedom.com
Sales. It's a bit of a dirty word.Â
But if you want to be in business, you either have to learn to sell, or hire someone that does. Period.
Want to get more stories like this one? I'm making a real effort to do a Facebook Live everyday teaching legal and business lessons!Â
All you have to do to get the free trainings is like my Facebook page at www.facebook.com/llcfreedom!Â
There are a few cool ways to incorporate stories into your business so you're not just selling all the time.Â
My favorite is Lie, Truth, Stroy - Where you identify a lie that your customer believes, tell them the truth, and then tell a story about how you discovered the truth.Â
Then there's PSO - Problem, Solution, Offer.Â
A new one I'm working with on my Facebook Lives (facebook.com/llcfreedom) is telling people what it used
to be like, where I wanted to go, and how I got to where I am now (using some tool). It's a simple, easy way to incorporate more personal stories into your podcasts, FB Lives, Instagram Stories, whatever.Â
Want to get more advanced tips on how to tell these stories? Subscribe to my Facebook Messenger Bot at llcfreedom.com/bot! I don't spam, I just drop cool stuff like this every day!Â
This is taken from a Facebook live that I did yesterday. I turned it into a podcast because there is too much bad info out there about the LLC.Â
Want more trainings like this every week go to https://llcfreedom.com/mylist and be registered to win a FREE LLC!!!Â
I was really inspired by a video I saw of Russell Brunson giving a presentation about a course he's releasing.Â
It wasn't the course materials that I inspired by, it was the way that Russell Brunson can weave a story into every single point he makes! He rarely ever falls into technobabble without telling a story that helps the listener understand the context of what he's explaining.Â
I doubt I'll ever be as good as him, but I understand all the pieces on how to get that done, so I am going to try and implement it with my FB lives.Â
I got caught in a Facebook blackhole yesterday when a Financial Advisor, whatever that means, tried to refute some advice I gave to a business owner about needing to start an LLC rather than operating as a sole proprietor.Â
This was his argument - "An LLC provides the same protections as a Sole prop." That's simplistic, but ultimately, that was his argument.Â
Here's my reply - You sir, are a fool!Â