Today we will be reviewing a program known as Pay Per Closing. Is it legit? Find out in this Pay Per Closing review.
Like I kept saying before, being a real estate broker isn’t really something that you can decide to do in a heartbeat. There is just too much planning and capital involved in doing so.
If you want to make a load of money from being a real estate broker, you need leads. After all, you need connections in order to get a foothold in the business.
Before you decide to sign up for this program, you should read this Pay Per Closing review first.
DISCLAIMER: This is a fully independent review. I’m not affiliated with Pay Per Closing in any shape or form whatsoever.
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Pay Per Closing Review: Quick Details
- Name: Pay Per Closing
- Owner: Mike Oddo
- Website: https://payperclosing.com/
- Socials: Facebook
- Type: Lead generation service
- Niche: Real estate
- Recommended?: Although there is a possibility of earning a solid return on investment through real estate investment, the amount of capital that must be invested initially can be rather large. I would strongly recommend that you steer clear of this industry unless you are prepared to suffer a significant financial setback if you do decide to pursue it. It is safe to say that this is a risky line of work.
What is Pay Per Closing?
Pay Per Closing is a new risk-free lead generating firm for real estate brokers that was established by Mike Oddo, the Chief Executive Officer of Market Maker.
The mission of the organization is to be of assistance to real estate agents who are in need of a lead generating solution but have had a terrible experience in the past working with done-for-you businesses that supply leads of low quality.
The referral scheme offered by Pay Per Closing enables Oddo to go toward his objectives. The very first step that Oddo is taking is to assume full control of the process of producing leads for agents.
Second, providing those agents with training on how to convert online leads into commission revenues without subjecting them to the financial weight of costly ongoing costs.
Participants in the company’s training have the opportunity to direct their attention toward acquiring the skills that Oddo teaches to successfully close his leads while keeping a pleasant attitude and a sense of composure.
Because Oddo is only paid when you successfully close customers who were initially produced by his talents as a lead generator, he has a vested interest in ensuring that the quality of his leads does not become an issue for you. In other words, he has a stake in the outcome.
If the lead is closed as a consequence of your advice, you will get a referral fee equal to 25% of the total sale. The only real risk you can run into when you try to make money using Oddo is that you could start to question whether or not it’s really worth it.
Who is Mike Oddo?
It’s possible that regular real estate brokers were the first people to use the pay-per-closing model.
The founder of the firm, Mike Oddo, obtained his license when he was 20 years old. According to Mike, even though he appeared to be no older than 12, he always had confidence in his own capabilities despite his appearance.
Mike Oddo was put in a position where he had little control after moving from Omaha, Nebraska to the Lake of the Ozarks in Missouri. There was no way that word of mouth could benefit his company. In order to bring in new business, Oddo put in lengthy hours of cold calling, door knocking, and floor time.
During this period, he was basically just getting by like the rest of the country’s agents. In the end, he discovered the opportunities offered by online leads. Mike Oddo, when he was just 26 years old, devoted a significant amount of time to studying, testing, and iterating on online advertising methods.
As a result of his efforts, he finally became the most successful agent in his area. This was the situation in 2012, far before the emergence of online lead generation for agencies on a widespread scale.
By the year 2012, Oddo had already assembled a formidable brokerage team and initiated the founding of his very own technology company, Market Maker.
Market Maker surged to fame, and it finally became a permanent fixture on the INC 5000 list of the United States’ private companies that are expanding at the quickest rate.
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Pay Per Closing Overview
Since the beginning of the previous decade, American real estate agents and teams have been able to successfully close hundreds of deals each year thanks to the advertising assistance provided by the company Market Maker.
As a direct result of this success, the Pay Per Closing program that was recently introduced was developed. During the course of ten years of service and many entries on INC’s 500|5000 list, it is only inevitable that you would get a significant number of requests for assistance.
Due to the fact that Market Maker costs at least $1,500 a month, a sum that some companies are able to afford while others are not, the topic is likely to come up on a regular basis. In a nutshell, Market Maker will be responsible for promotion and will get 25% of the revenues from any leads that they generate.
In related news, Mike Oddo has just purchased the website Housejet.com. When you sign up for Pay Per Closing, you’ll be given the extraordinary opportunity to help build the first and only agent-owned portal, which was developed by agents for agents. Mike says that Pay Per Closing is the only company of its kind.
Through a revenue sharing program in which all members are offered the opportunity to take part and win stock awards, agents who are successful in the performance of their professions will be rewarded.
Membership
Since the program’s start only a few months ago, it has already begun recruiting more than 100 new agents each month, and it will soon have the capacity to recruit up to 500 new agents. This will be significant given that they are fighting the same struggle that so many other agents are waging, namely a battle against poor lead flow. Oddo claims that the supply is the only issue remaining at this point.
After the completion of a successful trial period, Mike Oddo is currently looking for new agents who are teachable and already have a good skill set. Therefore, you could generate sales and, more importantly, try to develop your firm, even though you don’t have the funds to achieve either of those things when you first start out.
This program is pretty much the same as REI Reply, Lead Generation Blueprint, and Financial Leads Academy.
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Is Real Estate for Everyone?
Investing in real estate may be lucrative, but it’s also a high-priced venture. Any attempt to start a career in real estate on a whim will inevitably end in disaster.
If you choose to pursue a career in real estate as a sole proprietor, you should give the decision some serious thought.
The media has a habit of simplifying the nuances of this profession. There are a lot of tricky steps you’ll need to learn before you can succeed.
Investors in real estate should study the basics of the business and the procedures involved in purchasing and selling property before diving in.
There is still much distance to go, and getting there won’t be simple. Plan for a variety of potential obstacles, such as going over budget and being turned down by a potential investor.
If you plan on making it as a real estate investor, you’d better have a healthy emergency fund. Use your temporary or part-time job to get by until you can save up enough money to pay your bills regularly. There is the potential for substantial loss when investing in real estate.
Let’s be honest: reselling homes is a dicey business that, depending on where you live, may or may not pay off. When all expenses are added together, a significant number of resold houses actually end up being sold at a loss.
In case it bears repeating, be wary of anything that promises instantaneous or dramatic increases to your income.
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