How Much Money Do You Need To Invest Into Your Business To Make $100,000 Year?
We understand that you come from many different industries however, we are going to use the example of real estate because economics translates into any industry that you work in.
ActiveRain conducted a survey(1) of 1,758 real estate professionals to find out what separates the top real estate professionals (those earning over $100,000 a year, from those earning less than $35,000. ActiveRain’s study showed that those earning at least $100,000 are spending between $5,000 – $10,000 in marketing or around 10% of their yearly commissions.
To further this point Tony Kalsi spent $50, 629 in marketing to earn $543,390 in commissions over a 4 year period bring in a 11X return on his investment.
Over a period of 8 years, Tony invest a total of $219,220 in marketing earning him $2,005,022 in commissions.
It took 5 months to close his first deal, at which he continued to re-invest his profits back into marketing generating 168 leads and closing 22 deals. The neighborhoods he marketed to did a total of 44 homes sold. So Tony got 50% of the deals in his
The beauty of the real estate industry as compared that to a college education that is required for most other careers and you can get started with a real estate license for just a couple hundred dollars however if your goal is to make $100,000 a year you need to raise or have the capital to invest $10,000 a year into marketing, and if you want to be able to earn a million dollars a year you need $100,000.
