EP175: How Are You Going to Grow Your Business Without Your KPIs?
This week’s episode is all about KPIs (Key Performance Indicators) and why you should be tracking them! If you want to reach a certain income goal but are not tracking how many leads get converted into deals, then you’re seriously flying blind. On the show, Alex offers advice as to what you should be tracking and even gives a full breakdown of what he and his team are currently keeping track of.
- Business owners tend to get caught in a money hamster wheel and their relationships and health end up suffering. This is why Alex goes to masterminds and resonates a lot with Lifeonaire’s message.
- Let’s talk KPIs!
- You’re flying blind without your KPIs.
- You have to know where you stand on a daily, weekly, and monthly basis.
- Alex talks about some of his KPIs and what they mean to his business.
- Don’t get caught up in the number too badly, but at least set a goal and reverse engineer it.
- You can’t always control the number, BUT you can control your effort.
- Take your ultimate goal and divide that by your average profit per transaction; that equals how many deals you need to close.
- What’s your conversion ratio when you get in front of a seller?
- Do you sell your contract 100% of the time?
- How many leads does it take to get an appointment?
- What metrics does Alex track to help him?
- Don’t miss this upcoming episode! Alex’s guest closed 3 deals and made $55000 in the last 3 months, and he’s only 18 years old!
- If you’d like this show, please rate and subscribe on iTunes!
Mentioned in This Episode:
Alex would really appreciate it if you could leave a review in iTunes: Flip Empire on iTunes
Check our Patreon and support the show!
Ask Alex A Question:
Have a question you want featured on an upcoming Flip Empire Show?
Head over to the Ask Alex page, and record your question. We’ve made it super easy for you, so let us know what challenges you are having, and Alex will answer it personally!
Did you get your FREE Online Course?
Text the word EMPIRE to 67076, and we’ll send you a link to get instant access to the “5 Ways To Scale Your Real Estate Wholesaling Business To Six Figures (In 6 Months Or Less)” video module training course.
Subscribe To The Flip Empire Show, and Leave a Rating & Review!