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Cold Calling King Shares His Tips and Secrets – Scott Morse from Lamassu Media

King of cold calling Scott Morse is on the show today and he’s absolutely killing it. Some of the biggest, most active wholesalers are still using cold calling to scale their business. Scott founded Lamassu Media, an enterprise level call center that generates highly qualified and highly motivated seller leads for wholesalers all over the United States. Prior to getting into real estate, Scott sold leads to attorneys for about eight years. He’s now down in Columbia, where he moved to launch his company and has been there for about two years. 

If you’re new to the business and starting to form a team, make sure you know your numbers. Tracking KPIs and knowing your lists is fundamental. Before you even think about outsourcing cold calling to another firm, you have to be intimately familiar with how it works within your business. Scott shares how he built Lamassu, the KPIs he tracks, and some examples of scripts used by his team. If you’re interested in learning more about Scott and Lamassu Leads, check out his Instagram page linked below. Also head to JoeMcCall.com/Lamassu to learn how you can get 10,000 dials a month for free.

Watch and learn:

Listen and learn:

What’s inside:

  • How Lamassu Leads helps real estate investors scale through cold calling.
  • Tips for cold calling if you’re just getting started.
  • Which call tools to use for your business.

Mentioned in this Episode:


Download episode transcript in PDF format here…

Joe: Hey, guys, what's going on? Joe McCall here. This is the Real Estate Investing Mastery Podcast. Glad you're here. We got a special guest today on he is the king of cold calling and does cold calling work. You bet it does. It does it it works really, really well. Some of the biggest, most active wholesalers are still using it today. It's our primary source of wholesaling deals on the houses side of our business. So cold calling is killing it. And here's the key. You get somebody else to do it. So we got Scott here. We're going to be talking about cold calling. This is something you don't want to miss and it's not something you want to do by yourself anyway. You want to get somebody to help you do it. And we're going to be talking with Scott from Lamassu. But first, couple of house cleaning things. This podcast is brought to you by my brand new PDF report called The Recession Proof Real Estate Investing Kit. And this is going to help you and your business as we come into this. Maybe we're already in it, but as we're coming into this recession, you need to understand the simple, basic things to prosper and thrive and grow your real estate investing business. I'm telling you guys, I network and I talk to a lot of successful investors all over the country and nobody that I know is that's actively in the business. Right. Doing deals is worried or concerned about this recession. In fact, we're excited about the opportunities that are coming our way. But there's some things that you need to understand and be ready for and be prepared for. And I'm telling you guys, we're seeing interest rates go up. We're seeing inflation. You've all heard of that, right? I mean, I spent $225 filling my gas tank the other day. So we're seeing mixed signals, though, right? Like people are still buying houses. People are still selling houses at record paces. What's going to happen? I don't know. And so this PDF is not intended to predict the future or to tell you what's going to happen. This PDF We wrote this thing to help you be prepared and ready for whatever happens. And even if a recession doesn't happen, even if it's not that bad or it doesn't last that long, the principles that we talk about in this recession proof pdf are going to help you be ready for whatever happens. It's going to help you do more deals. It's going to help you be safe to protect your family and to be ready for whatever happened so you can get it for free at I proof dot com you get a mind map and some videos and all my tools and checklists and scripts and things like that is absolutely free. REI proof dot com. Okay, so go check that out. Cool. Let's bring on Scott. Scott Morse from Lamassu, Lamassu leads. How are you, sir?

Scott: Good morning, Joe. I appreciate the opportunity to come on here and to chat with you.

Joe: I'm glad you're here all the way from.

Scott: Columbia. South America, baby.

Joe: Nice, and I guess you might even have a background similar to mine. That's real. Based on where you are, right?

Scott: Yes, sir. Yeah. So this I've only been in your guys the real estate vertical for about two years. But prior to that, I've always been in like large marketing infrastructures. I sold leads to attorneys nationwide for about eight years or so, and so always had this call center enterprise type marketing realm. And so here we are today. Once I found you guys industry awesome.

Joe: So only two years I thought you've been in it longer than that?

Scott: No, sir. Two years moved technically two years and three months. But yeah, that's when I moved here and started this venture to kind of deep dove into your guys vertical.

Joe: Awesome. So how long have you been in Columbia then.

Scott: I've been here two years and three months, literally. I had moved here just to be able to launch this campaign the way that I needed it to be able to launch, to be successful. And in your guys industry.

Joe: Well, I'm just curious, why Columbia? Why why not another South American country or why not in the U.S.?

Scott: So it was a lot of diligence, candidly, because you're talking about and I, I don't speak Spanish. I mean, now I at least understand it a little bit better after a couple of years. But man, I'm just like most of the people who are watching this. I wanted to outsource my cold calling once I found out about this vertical, like I already had PPC down. I understood digital media and I started to outsource and at first I did the Philippines and it was like chickens in the background, or it would rain and they would lose power. And it was always an excuse and turnover. And I was like, Oh, like within weeks I was like, This is terrible. And then I did a campaign in Egypt and it was kind of similar. It was just under what I would consider that can't time under qualified leads. So I know the guy just randomly on Facebook in Cali Colombia and we started to chat and we had a really good, successful campaign. He had never scaled a business, but I was like, Oh man, Colombians understand American sarcasm. Yeah, they're on the right time zones. The cost per lead, which was obviously a major driving factor, is going offshore. So I was like, man, like I could just move down here and set this up. I really enjoyed the culture. I enjoyed the people. I had some friends that were Colombian and how we got here.

Joe: It's beautiful there too. I imagine.

Scott: It's insane. Like, I don't know if I'll ever go home. I'm in the middle of the Andes, like, right outside my office window. Right now. I see a gorgeous mountain. There's like a cloud on the top of it. I can see coffee trees on the side of the mountain. Green as can be.

Joe: Beautiful the coffee better there than it is here in the U.S.?

Scott: Of course, bro. And it's so inexpensive to it. It's just it's great.

Joe: Awesome. All right. So let's talk cold calling. What got you interested in cold calling with cold calling?

Scott: So I think what got me interested is really just the cost per lead. Right. And so for me, I think everything just starts from a marketing perspective before it goes to a sales perspective. And so I understood real quickly what my peak costs were going to be. And I've just had other campaigns as well too, where it's like, okay, PPC is great. It generates a lower funnel client, which is typically a little bit more motivated. But when you're at scale, you want to have not only a plethora of the lowest funnel, but you also want to be able to generate a little bit more the high funnel at an appropriate cost per need. So it should be a fraction of what your PPC costs are. And so I just couldn't figure out a way to do this. And the States, you know, paying some 20 year old kid 19 bucks an hour to bang on the phones. And so I just said, man, listen, I know cold calling in and out. I know how to devise the campaign, run the dialer and let's rock and roll. And so that's why I decided I was going to be prime. And this was just for myself. It didn't actually become a company for other people for like six, seven months. So, dude, you're all doing murder and it can I get some callers that was like, yes. And so that's what started the business.

Joe: All right. So before that, though, you were you said you were working for lawyers, giving them leads. Is that right?

Scott: Yeah, that was the entire industry I was in prior to this, which is actually kind of a similar cohort, like we had 160 person call center in Fort Lauderdale, Florida. A lot of PPC leads, a lot of cold call leads there. But essentially what we were doing is reaching out to people who are in distressed situations. There was identifiers kind of like in the real estate business, right? Pre-foreclosure, pre probate and we were making contact with them, finding out if they qualified to be able to speak with an attorney and if they did, that was a lead which got sold off. Very similar here. It's a front door closure model where I'm calling on behalf of what I call an affiliate. And those days would have been an attorney, but a real estate investor. I have their investment box by box criteria. I know how to target cohorts. I call them up, I verify them, I make sure that they're qualified and then pivot that lead over to the real estate investor or a wholesaler who's like, Man, you've done the whole front end of my operation for me, brother. Cool, hyper qualified leads. Let's roll.

Joe: Yeah. You know, I've heard of Lamassu for a long time and that a mastermind a couple of months ago here in Saint Louis with a mutual friend who was there. Andy. Andy Warner. He just was raving about you guys and how awesome you guys are. And even in a difficult super competitive market like he's in your is number one lead source, you know and so it's been I thought, all right, I got to get Scott, I got to meet him, get him on the podcast and talk about Lamassu. So now you're you don't deal with anybody. I mean, you deal with the major players. You're very selective on who you get to work with. So talk about why. Why have you chosen to go that route? And then I have some more questions about how you do your cold calling.

Scott: Yeah, I'm a open book brand, anything. And it's my pleasure to because I hope people pick up a little bit of insights because even, you know, I'm very well my avatar is higher than probably any marketing channel out there for this vertical. And I'm also highly agnostic to it as well too. And so I think that gives me a an unbiased list to the process. Like if there's a better mousetrap, I'll just go to a better mousetrap. This is an infrastructure, this is an ecosystem. I can insert any product into this. And so when you have that type of of functionality and the ecosystem, if you will, it's more designed for people who are more established. So my baby entry level is probably like some of these one 4 to 8 deals a month who's just trying to get the ten. They try to stabilize that inconsistently flow. But my favorite clients are the guys that are doing 10 to 20, 30 to 40 because they have a real sales team, right? Like they're doing training, they have an infrastructure, they have a nurture campaign, and there's just fun to work with, man. It's like getting on zoom with their closers and everybody's hooting and hollering and it's a great sales environment. I love it, man. It's. That's what makes me excited about what I do.

Joe: Yeah. Okay, cool. So, like, to talk to somebody who is maybe trying to do some cold calling, they're already doing a couple three deals a month. Right? Right. And they're trying to get cold, calling to work. Maybe they're just struggling with getting traction. Talk to somebody not to begin. I want to ask you questions about that beginner here in a minute, but the guy is already doing a couple of deals a month, like there are some things they can do to maybe they're not at the level yet where they can work with you, but they're getting there.

Scott: You know, as crazy as it sounds, it's really amazing how many people have little teams, but with no inspection of what they're doing. And so one of my things, people don't do what you expect, they do what you inspect. And so if I ask somebody, hey, like, what's your call to answer rate and they don't know or can't get it, you're just not going to be able to scale that enough. I'm like, Hey, are you tracking your cohorts? We call them cohorts. Other people call them list segmentations. But the saying, okay, cool. So we had 10,000 records of absentee 10,000 records of owner. Occupied 70% plus this, this and this. Which one of those are driving your leads? And if they're not able to do an analysis of their dialer from the call to answer rate from their list as to which segments are performing best, their agents, what their average talk time is, what their abandoned time is, there's just so many things. It's like, man, until you have a foundation, you can't build a house, brother. You're going to be a hobbyist as much as you want to be an entrepreneur where you're not acting like an entrepreneur, you're acting like a hobbyist. So you just can't build a house without plans and executing on those plans.

Joe: So you need to know your numbers.

Scott: Need to know your numbers, man. You got to. And what I would tell people to is their dealers, any dealers that they're using, all these guys got great customer service. Once you can get them on the phone, like they're actually tough to get on the phone, these dealer guys. But dude, you spend hours with them. Hey, listen, I want to run a report for this. What do you think the best practice for this is? I want to get this and I want this automated. I want this email. You're paying these guys 150, 200 bucks a seat. Use those people to almost be like your VA, to get your numbers dialed in. And then if you can't be an adult and review your reports daily, you shouldn't be in the space anyways. But people who will be watching this do. And so that's it, man. Help have them help you set it up, monitor your numbers, and then you can start doing the the fun things that really increase your flow.

Joe: Okay, let's talk talk about some of the numbers you guys track. What are some important KPIs?

Scott: Yeah. So the north the north north star is call to answer rate. I need to know how many attempts that it takes to get an answer, like a human answer, machine answer. We track both of them, but we got to get past. It's almost like I don't play hockey, but I always use this reference in my office. It's with these carriers. You have to be very, very aggressive to get past the goal. And so that's our number one KPI because we can be as good as we want, but we're doing almost 2 million dials a week right now. You can't do that unless you're at least you can't ever be a step ahead of the carriers. But we're dancing with the carriers. So one of the things, you know, we age all of our numbers. We register all of our numbers with the carriers. Everything's us based. Even though I'm international, I'm just doing everything above board, fully transparent to be able to make sure we can get past the carriers. And I would just tell people who are watching this for me, anything under 15 attempts is good. Anything in the single digits is what we strive for. So like for every nine attempts we get an answer. I'm happy with that. Anything higher than 15, my team's got a recalibrate, swap out numbers, check on the list, etc., etc. But man, if you can get under 15, you're going to be really good at getting humans on the phone. And then comes the next phases of what you got to do. But at least you're getting humans on the phone.

Joe: Yeah, that's really good. All right. What are some other KPIs or numbers?

Scott: So obviously talk time for me is really, really important. And so there's two different segments of this. You have time on the dialer, that's the generate the lead and then you have the closing side. So there's kind of two different KPIs. But for me, our average qualified lead is somewhere between 14 to 17 minutes long.

Joe: Wow.

Scott: Really unheard of in this space because people normally send a heartbeat in a home. They're like, Oh, it's got two heartbeats, got a home, send it. We're like, Dude, my hyper qualify, ask all these questions. And so I just know that if Gladys Smith in Charleston, South Carolina, wants to sell her home and we are taking the time to build a relationship, it takes time to take homes. We are taking the time to build a relationship. My talk time should be really high. I'd rather have long talk time and less conversations because I'm going to generate really, really good leads.

Joe: Okay, that's fantastic. Those are really solid numbers. 2 million dials a week.

Scott: By a week. Yeah. 1.8 to 2. Just depending on if we work a Saturday.

Joe: How do you do other industries outside of the real estate wholesaling?

Scott: No, as of this moment, no, I got a lot of guys in the wings, but it's just due to the manpower space here. We don't move into our new office until like September 1st, and that will allow me the ability to do it. But I'm also too blinders on the horse, guys. So right now I know where my goals are, where I want to be here with this campaign. And so once and we're about 80% there, once that's done, then it allows us to pivot into other industries. But right now, we just added a commercial campaign. We're doing self-storage for one affiliate that we have a partnership deal with. We're doing a small apartment campaign. So like I consider that all one industry, so that's all in one bucket. And then there's a couple other complementary industries that we have access to that will probably delve into Nice.

Joe: And guys, if you were listening to this or watching this, you want more information, go to Joe McCall dot com slash Lamassu and that's spelled L A M A S S U Joe McCall dot com slash Lamassu. I ask you to check that out. Where'd you come up with the name? Lamassu.

Scott: So I appreciate it. It means a lot to me, man. My last company, our mascot, was a lion in the. One before that was an eagle. And so I'm always really big on having mascots for the office. And so what I tell these guys is, hey, listen, we're lions, we're not hyenas. We don't laugh, we're not scavengers. We're out here, we eat what we kill. We're the top of the predatory food chain in this space. And when it comes to eagles like we're eagles, we saw them. We're not ducks. We're not out there getting bread crumbs. And so I knew I wanted to mix the two together. And so I just started doing research. But the very first time in recorded history that a lion and eagle were meshed and it goes back to Syria, which is now modern day Iraq. And it was just called Lamassu, the very first time in recorded history that we can prove that a lion, an eagle meshed together is a Lamassu. Excuse me. And and so we just took it on. And all our guys know exactly what that means and how to hold themselves accountable, to be a Lamassu.

Joe: That's cool. That's really cool. All right. Can we talk about scripts? What are some of the things that your cold callers say? How does the conversations go?

Scott: Yeah, I was actually looking see if I had the script here. So let's talk about the script. I think that before the script comes, real estate edification, because most times you're not going to be the CEO, is not going to be doing the cold calling. Sometimes it is. Alison, you're still at that build up phase. You're there. But a lot of times it's you're having an entry level agent do it. So if it's onshore in your office, you've got to make sure they can have a true conversation about real estate. I heard once an outside source, the person kept on saying stuff like, Oh, it's down to the studs. And just like a nuanced word like that, they just didn't comprehend. And so we have a three week incubation program before they even get I mean, it's just all real estate. 101201 We use a learning management system, but these guys can talk about like macro real estate issues. They know what about inflation, they know what a yard sign is, a soffit, gutter shutter, a stud. So I think that there's got to be some foundation before the script because you're going to be on the script and the customer is going to say something. You got to have an intelligent conversation. But to the script, man, we're just we're right out of the gate. We stick to the script that's written out. Hey, Joe. Hey, this is Scott. I'm calling in regards to your property, like we don't use the street. There's a lot of things, but we want to make sure if you saw my sales floor, which is like 180 some people or whatever right now, I guess 200. But like they're standing up. They all have told us to have the option be tall. They're just standing up. It's a true, true. Like if you follow me on my Instagram that lamberson leads you get to see behind the scenes on this this call center, man.

Joe: Well, that's cool. I wanted to go look at it right now, but that would be kind of rude. I take area but your your IG handle is at Lamassu leads right. Lamassu leads on Instagram. Cool. So it's like you train these guys the lingo, right? You train them a little bit about what these terminologies are.

Scott: Yeah, we do. And I wanted to say this because I just saw it here. So this is also something we train them on so on every little and we have a couple of these in the office, but on every little diamond is an objection. So I'm busy. Not now. Why do you think I'm selling my house? Can't you just email me the offer? I'm sorry about that. Price is too low. I don't know what it's worth. You tell me. Maybe in a couple of months. So, like, literally these guys, we're in a circle. Boom, catch it and whatever pops up. You're a scam. I need to research you. They have to have the rebuttals down. The rebuttals down. Wow.

Joe: I'm serious.

Scott: I'm busy. Not right now. Mr. Mrs. Jones, if you'll just give me 2 minutes of your time, I promise. The information I have for you you'll find more than valuable. And so they're all. It's a real deal sales environment that we have here to be able to be and say like, Hey, we're going to disrupt this industry.

Joe: That's so cool. And you have 180 of these guys. Yeah. Guys and girls.

Scott: Guys and girls. Yeah. Girls actually perform. This is generalized. But my director of sales here is a 26 year old woman who came in, murdered the campaign, became the closer, became a top closer. And she just assists everything for me here on this floor. She's a monster and most of my top agents are females here, and maybe they're just a little bit softer on the phone or they get away. I think sometimes the saying stuff a guy can't say to the old grouchy male seller.

Joe: Yeah, yeah. Are they hard to is it hard to find people?

Scott: No. I'm the highest paying call center in the state.

Joe: Wow, that's amazing. I would assume the English is probably better with Colombians than it is maybe with the Philippines. Have you found that to be true?

Scott: Yeah. Particularly all the cultural references, because it's not just speaking, it's comprehension, you know. And so you can I call it the Alabama test. Like you can handle a campaign in Alabama. You're going to be good to go here. Look, I'd say half my agents are expats as well, too. That's probably technically not correct. It's they went and lived for a certain amount of years there. And then grandma got sick or mom got sick and they came home. And this is like a little taste of the United States in their own backyard. But most of the kids have lived in the States.

Joe: Okay, if you don't mind me asking, like. What is your average salary that you pay your folks and how does that compare to the U.S.?

Scott: Yeah, so really good question. So I think the minimum salary here is like 1.4 ish. I now explain what that means in U.S. dollars for a second. It's not a lot. And then so like our base salary here is 2.1, and then they can get commissions up to about another 3 to 4 milliones. It just depends. So I'd say in the US comparison, maybe about two grand, 1500 a month.

Joe: Dollars?

Scott: Yeah.

Joe: Okay, cool. Very cool. And for Colombia standards, that's doing really excellent. Are you are you finding with the current economic climate right now, it's been hard to find good help? You see this a lot in the U.S.? It's it's hard to hire people.

Scott: No, I haven't seen that at all, Joe. And I really because I've ran big centers in South Florida before. Money aside, let's just talk about human desire to improve themselves so strong here, man. Like, I'm so happy. Like, I get. Like, sometimes I'm having, like, super stressed out day, and the kid will come up to me, like, and I just don't tell you how much it has changed my life or how much this means. And it's like it's I had my older guy, I'm in my forties now, but I can't I can count on one hand how many times somebody said that in the United States and it would take all mine and years and just the past two years to be able to count how much time somebody sat me down, beat like, hey, man, this is this really means a lot. We don't have opportunity like this here. Dude, I just bought a bike or. Hey, man, you changed my life. It's. It's cool, man. And we're doing all that while also changing other people's lives. And that's what their program, they understand. They send a lead. Let's say a wholesaler gets that. That wholesaler is going to get that lead is going to help that seller out. And he's going to make a little money. But then that other guy who bought that deal is going to buy it. And then he's going to hire a painter and hire a roofer and hire somebody to do the floors. And so, like they understand this butterfly effect that we're having down here to change the lives and improve the lives of countless, who knows, countless people improving the neighborhoods, decreasing crime, like do they get it? That's like we're we're getting paid handsomely to help people, help other people who then help other people.

Joe: It's a great perspective. I've never kind of looked at it that way before. Let's talk about to the beginner listening to this podcast. Yeah, who wants to do their first deal? They're just getting started. They're interested in real estate and they're like, Man, this cold calling sounds awesome. I'd love to do that. I can't sign up for something like with Amazon, but what should they start with? How, how? How do they get into this game?

Scott: All right. So if you're a newbie and you're looking to get started for the first time, what I would tell you is pick up the phone, pick up the phone, pick up the phone. There's so much analysis paralysis. There's so much fear in rejection. And I can just tell you, you have to get the marbles out of your mouth. That's what we call it. You have to get started. I would encourage you to spend the 150 bucks, get a dialer, understand that dialer, use that dialer by 10,000, 20,000 records. That's very inexpensive barrier of entry and understand that this is an industry where you get paid for failure. You will be told 99 out of 100 calls kick rocks. I hate you. What are you doing? Calling me. But that one in the numbers are a little bit more skewed than that. But that little percentage of success that you have, you're not getting really paid for that success. You're getting paid to get past that failure. And so embrace the suck, as they say, like a man like this is going to be tough, but this is how I can now change my family's life. So definitely, definitely, definitely. Get a dialer. Don't be afraid and don't outsource early. I had this conversation, one of my partners this morning. I said, man, these these kids, it's like the blind leading the blind. How can you hold somebody else accountable for performance that you can't do? You don't have an extreme understanding of? And so until you can get a couple of deals under your belt doing it yourself, I personally would never encourage one of my friends or families to outsource even to a company like myself until you know what their expectations should be. And you can hold somebody accountable and then level up.

Joe: That's really good. Pick up the phone. I've always said the money is made on the phone and if you're not on the phone, you're not making any money.

Scott: Amen.

Joe: Simple as that. What are some tools you might recommend to a beginner to start looking at for starting cold calling? Yeah.

Scott: So I think obviously getting data in the dialer, the first two things and then a script too. And so I don't like cell phones. Let me just say this. Number one, I get it. People like to call from their cell phones. I'm on the run almost. Do you got a hobbyist? Are you an entrepreneur, bro? Because you need to be in front of your computer. You need to treat this like a job. It is a job if you want to scale, particularly in the beginning for when I say beginning, I mean first years. But the reason why you shouldn't be on your phone is you've got too many other distractions on it. But two is you don't have the ability to record yourself. You don't have the ability to track your talk time. You need to hold yourself accountable. So period, get a actual business, set up, track your phone calls, see what you're doing. Set yourself a goal. I did 99 calls yesterday and 115 today. I did 115 yesterday. I'm Will 125 Oh man, I set my month record 168 you know, whatever their numbers are. But if you can't track where you're at, you can't set a goal for improvement. So definitely get some type of phone system that tracks everything. Be intelligent about your lists. One thing I see people do is fail a lot with buying really bad lists, and they're like, I do, but I paid $0.03 for it. I'm like, Well, you pay $0.03 too much. Like there's all major vendors out there. I know you can probably recommend some, but the major guys have legit data going on fiber and getting some guy and somewhere in the Middle East to send you a list at $0.02 a pop. That ain't it, Jack. So what data? Good platform.

Joe: We use, we've used call tools in the past. We use Mojo sells right now to do some cold calling, like on a smaller scale with freedom soft. But that's one at a time. Do you have any favorite tools that you recommend?

Scott: So I can tell you I built my business off of Zen call. In the beginning, we got bigger than Zen call could handle, and so we invested a significant amount of money into a platform called five nine, and we've continued to invest into their platform. And so, you know, our build out was probably 60K? And we spent another 20 not even monthly. I mean, my monthly bill is high, but that's just reflective of the size. But I mean, we have to because we've spent, you know, we're doing $2 million a week. So I would say that if you're starting out, I'm comfortable with Zen call, but I don't have much experience in other ones, so. Yeah.

Joe: Okay. Are you guys doing any mass texting, text processing right now?

Scott: Yep. Yep. That's the service that we offer our affiliates as well, too. It's a managed service. We take them from text to phone, but we use a platform called Launch Control. And so I don't get anything for saying this, but I'm telling you, I have tested every major texting platform out there for me. I was just for me, I've never been able to find a platform that had a higher deliverability than those guys. And I love their interface so I can say I love launch control.

Joe: Have you been finding is getting harder to do over the last few months?

Scott: You know, more hoops, more registration, more liability shifted over to guys like us instead of the actual service provider. But not harder. However, I will say this is there's something that we call compression, market compression. I can tell if a market is heavy cold called by its answer rate. I can also tell if it's been heavy, text it. And so what I see it being tougher. It just means more people are entering in the same marketing channel. And so you go into a softer market like southern Georgia and you do text amazing. You do Atlanta. Not so much comparatively, I'm sorry, but not so much comparatively. And so it just really depends how much there's actually a had happened on that channel.

Joe: One more question I want to ask you to the beginner and then I want to ask you about when somebody signs up for you and they're already at that level, you can take them on. What are some of the steps you walk them through? So the beginner who wants to do cold calling where what kind of list you suggest they start with?

Scott: That's a really good question. I think it's somewhat market specific. Let me say a generalized thing that is not going to be liked by some people in the industry, some gurus I am and I had hedge fund pretty across the board, hedge fund heavy markets I should say. And the reason why is because if you're new and you're trying to buy SFR threes by box in Atlanta or Jacksonville or whatever, you are not the only guy buying that little segment that lists like here's all the houses that are probably in wholesalers by box and here's SFR or any major hedge fund. But you got cowboys from Arizona calling in, cowboys from Texas calling and cowboys from Virginia. And so you're competing as a newbie against hyper established, well-funded guys who do nothing but chase hedge funds across the nation. And so if I'm new, I'm going to stay out of that hedge fund buy box. And most people, if they're new, they don't know how to find out what all the hedge fund buy boxes are and to try to navigate that. So for me, if I'm new and I'm virtual, which I am a hyper big fan of virtual, I would kind of stay away from the hedge fund heavy markets if I can, and one or two, that's great. But that's it's just going to be it's going to be very, very compressed to get people on the phone and compete with the more established guys.

Joe: That's good. Are you doing any cold calling for land investors?

Scott: Not yet. I've had a couple of guys. Oh, I remember I spoke with you not too long. I think it was you. Yeah. About it as well, too. You know, I'm not I've done one campaign in North Carolina for a guy who also does single family homes. He was like, anything that's land that has a mountain view, I want it. So that was simple. But I haven't really done land yet and there's not too many people that I speak to that are in that vertical. So I think it's probably one of those untouched ish type segments.

Joe: It's one of those things, too, where direct mail still works really well. Yeah. So yeah, it'll be interesting to see how that kind of evolves and changes. Okay. So let's talk about the the the guy is already doing five or six deals a month. They want to scale it up. They contact you. What kind of steps do you walk them through?

Scott: Yeah. So even if you're doing some people are doing five. Six deals a month. And it's like they're rolling a boat upstream right into the face of the waterfall. And so some guys are five, six small team murdering it. Everything's tight. So it's really just establishing like where they're at. Like are they fighting tooth and nail to get the five deals or are they comfortable at five deals? And so once I can establish that, like we have an hour, hour and a half like coaching, call them best lead practices on how to handle our leads, how to open our leads, nurture cadences, what we feel like their text drip campaign should look like based on our channel of leads. What the cadence for follow ups should be, average length of time, the sale that they should expect, and then average closing ratio. So we like everything set up in the beginning. We know how many leads it takes to get to a deal, the length of time, what the campaign should say from a nurture standpoint. And we just we just establish a mandatory minimums. So that way I can hold them accountable and they can hold me accountable.

Joe: Okay, cool. What kind of team do they need to have?

Scott: So if they're doing 5 to 6 deals a month, typically they have two or three acquisition guys, easy, breezy, they have a dispo guy or gal. Somebody is handling that as well too. And I'd like to see the CEO me personally still involved. Okay. Sometimes you'll get these guys and these CEOs just can't wait to get out of the business. And sometimes it's a leaderless operation and you can tell and it's an accountability issue. But for the most part, listen, if you're doing 5 to 6 deals in the tough market and you're say there's a difference between doing also writing 5 to 6 deals and funding 5 to 6 deals. And a lot of wholesalers are like, oh, man, look, I just projected profit on this is 36 on Instagram. I'm like, okay, well talk to me in 45 days and tell me if you actually disposition that deal. There's so many vanity numbers in this industry. It blows my mind. Yeah, yeah.

Joe: Okay, cool. If you guys want more information again, the link go to it right now is Joe McCall dot com slash Lamassu L A M A S S U and on there kind of walk through what you say something about ten free 10,000 miles per month yeah.

Scott: So dude yeah I appreciate it because you reached out to me and we were talking about it. But one of my things for you and it's kind of my gratitude for having me on the podcast is anybody who follows your link, they sign up with through that link, they get an additional 10,000 free dials a month for the lifetime of their agreement with us. And it's just my way of saying, Hey, dude, thanks for coming, checking us out. Thanks for having me on. They'll get that as long as they have to follow that link. It's not available to the public. But if they follow your link, man, dude, I'd love to talk to him and see how we can help them stabilize then scale and scalable scaling until we stabilize would stabilize, then scale their marketing efforts.

Joe: Nice. I'm looking at your website here. It's a really good website and you give a lot of good information here and 10,000 dials a month for free, that's pretty good. I mean, I know some some smaller wholesalers that they're doing that that's what they're doing per month. But you're going to give that for free. Cool. All right. Anything else maybe that you want to say? Any final words of advice? There are folks checking in.

Scott: Yeah, I would just tell people in this industry, like the process has to be stronger than the people. And so whether that's leveraging me as the who write who not how but I'm my processes for generating high quality cold call leads are established like it's it's a machine we just insert dials here but it's also the same thing for anybody else's business. Like are your processes established? Are you doing just the mandatory minimums and then scaling from there? And if you're not creating a good sales culture too, like are you going in the morning and we have an A meeting every day and I have my guys write their goals once a month and my following up with them on their goals. There's just so many small things that you got to do as a leader first. And then once you've established like, Hey, I'm the guy that everybody in the company or woman everybody in the company should look up to. And I'm going to outwork everybody here until they have that opportunity to grow and take over management. But yeah, man, I see a lot of guys and gals in this industry and I'm like, Man, if I could just get them from a five to a seven in their life or from a six to like an eight, just help them cut up that thermostat a lot. They'd really have a compounding success that they can't even wrap their head around. So I love your industry. I'm super appreciative of being having the opportunity to come on here and and talk with you. And dude, I just I'm super I'm filled with gratitude this morning and I thank you.

Joe: Thank you, Scott so much guys good. Check him out on Instagram. Lamassu Leads. Lamassu Leads on Instagram. Hopefully get your account back too. I don't know what's going on there.

Scott: Yeah, well, that was my personal account. Just got hacked. This account at Lamassu leads. Come follow in and do watch our stories we're constantly posting a live from the call so hitting the gong cowbell like everything it's great.

Joe: Now I'd love to come down there and see you guys. I've been wanting to go down there for a long, long time, and if you want more information, you want to get free. 10,000 deals per month. Go to Joe McCall.com slash Lamassu. L A M A S S U. Appreciate you being on the show, Scott. Thank you very much. We'll see you guys all later. Bye bye, everybody.

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