Most investors want to make a million dollars, but few know how actually to keep it. In this episode, Marcus Crigler talks with Benmont Locker, founder of Ramp REI, about what it really takes to build a lean, profitable real estate business that nets seven figures.
Benmont walks through the real numbers behind a million-dollar business, from how much to spend on marketing and people, to how to build profit into your operations from day one. If you’ve ever wondered what a healthy, scalable real estate business should look like, this episode breaks it down step by step.
You’ll Learn How To:
What You’ll Learn in This Episode:
(01:03) Meet Benmont Locker and how he scaled from retail to real estate coaching
(06:50) How do I make a million dollars?
(08:35) Three keys to building a profitable operation: High-intent marketing
(09:16) Three keys to building a profitable operation: Being great at sales
(09:41) Three keys to building a profitable operation: Building from a net margin perspective
(10:48) Why inbound leads outperform cold calls every time
(13:43) How poor marketing culture kills your margins
(16:07) Avoidance 101
(16:53) “Required results” vs. KPIs
(18:16) The “three-legged stool” model
(22:42) Understanding your market’s receptiveness to cash offers
(24:25) The truth about scaling marketing budgets and diminishing returns
(25:47) Building a good sales culture in every single role
(26:03) “Total store awareness”
(28:46) How many people do you really need to run a million-dollar business
(31:48) The “decade rule”
(34:35) The 30-30-10 formula: 30% marketing, 30% people, 10% G&A = 30% net
(37:12) Why it’s nearly impossible to fix bad margins after scaling too big
Who This Episode Is For:
Why You Should Listen:
If you’re tired of working hard without seeing real profit, this episode is for you. Marcus and Benmont show exactly how to build a business that’s simple, scalable, and actually pays you, not just one that looks good on paper.
Connect with Benmont Locker:
Connect with Marcus Crigler:
Stuff You Should Know
If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.
Dateline NBC
Current and classic episodes, featuring compelling true-crime mysteries, powerful documentaries and in-depth investigations. Follow now to get the latest episodes of Dateline NBC completely free, or subscribe to Dateline Premium for ad-free listening and exclusive bonus content: DatelinePremium.com
CrimeLess: Hillbilly Heist
It’s 1996 in rural North Carolina, and an oddball crew makes history when they pull off America’s third largest cash heist. But it’s all downhill from there. Join host Johnny Knoxville as he unspools a wild and woolly tale about a group of regular ‘ol folks who risked it all for a chance at a better life. CrimeLess: Hillbilly Heist answers the question: what would you do with 17.3 million dollars? The answer includes diamond rings, mansions, velvet Elvis paintings, plus a run for the border, murder-for-hire-plots, and FBI busts.