Gene Frederick breaks down the eXp revenue tree model and shares how to earn $3,000 a month in passive income while helping people buy and sell real estate.
What do you have to have in savings to earn $3,000 a month?
Financial planners will tell you that you can take out 4% of savings a year when you retire. If you take more than 4%, it might not last. 4% of $900,000 is $36,000 a year or $3,000 a month. Would $3,000 a month change your life? Sure! It's like you have $900,000 in the bank.
You have two choices in life: save $900,000 after taxes, or create residual income.
When I ask, "When are you going to retire?" People always respond, "5 to 10 years." I've been hearing that since 1989 when I started coaching agents. I owned a region for KW including 6 offices. I met Glenn Sanford, and he shows me a way I can help every single agent in America make residual income.
Susan and I are not in this for the money, we're in it to help every single agent in America be able to have a way out. This is why eXp is working.
In every other model, money is taken off the top and given to the owner. What we do, we take money off the top and give it to the agents. When I joined, there were 400 agents. I came home to Susan and said, "I think I just found Netflix." If you knew Netflix existed, would you own a Blockbuster?
AS you are selling real estate, you grow your revenue share.
We are about production first, attraction second.
Let's do a Two Year plan... this year you attract 3 agents, next year you attract 3 agents. When everyone is capping, you'll make $16,800 a year, which pays back your cap, and now you are at a 100% commission firm, not just one that says they pay 100% but charge you for everything.
In two years, let's say those 6 bring in 6. With cappers, you're getting paid $3,200 on the 2nd level, or $19,200 = $36,000 a year or $3,000 a month by attracting 12 capping agents in 2 years.
The eXp book should be titled: How we gave real estate agents freedom...
To learn more about how to join eXp in Gene's group, text MYEXP to 31996
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