The things that people don’t tell you about cold calling that can help you succeed!

How to comp a deal & then sell it to a cash buyer- Investor Thrive Live

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what is up batch leads Nation this is
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Nathan Payne I got Nicholas Nick on here
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what’s up bro
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what’s up guys how’s it going man oh man
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I’m doing great I hope everybody that’s
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watching this is doing great because
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today we got a great episode for you
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we’re going to talk about the things
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that people don’t tell you about cold
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calling how it can help you be
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successful with their holding back and
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what you can apply when you’re doing it
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yourself now obviously if you do it with
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the team it’s a little different you got
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to train them but we’re going to be
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diving into specific things that can
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help you as you cold call when you’re
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starting out to begin with
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um I know a lot of people that still
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cold call and they’ve been doing for
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many years so it’s not like it has to be
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an activity that you only do and then
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you later
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um delegate you know it’s up to you some
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people are monsters on that phone you
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know yeah exactly so Nicholas I know
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you’re a fiend and you’re expert at cold
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calling um you know I have a couple
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things that I know that have helped me
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as I’ve called because sometimes I get a
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lead and I have to call it right and
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it’s a cold lead it’s someone that I’ve
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never talked to and there’s specific
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things that kind of release the tension
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release you know that person because if
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if someone to call me right now and just
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be like hey I was wondering if you have
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house or sale I’d be like who is this
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you know so yeah right you definitely
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have some steps that you need to take
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when calling so Nick you got something
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that you want to drop we can kind of
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flow back and forth and maybe anyone
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that’s watching this can just type in
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say what they know to be true or what
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they’ve found to work for them let’s
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Dive In
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yeah absolutely well yeah so you know
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the main the main things are that you
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know what’s it going to take to have a
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conversation with somebody you know if
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you were to walk up to someone said hey
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you want to sell your house you know
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they would probably call the police yeah
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you know so it’s like we’d have to one
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thing I’m really good at is taking
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something else like what would the
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in-person interaction look like what
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would that have to look like well let me
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try to apply that to the phone
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interaction and then try to get those
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same results so you know I don’t know
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we’ve all had this moment in our lives
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you ever have someone just walk up to
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you and for no reason all they just
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start telling you everything about their
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life story yeah
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yeah no I feel like those people are
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either lonely or they need a hug a
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friend you know there’s something going
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on usually you’re like yeah exactly I’m
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not right and you know so what what
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happens is you know they are basically
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fast forwarding vulnerability with you
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you know they’re like they’re talking
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you like they’ve known you their whole
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lives and I think it’s important for us
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to get the homeowner in a vulnerable
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state as quickly as possible you know as
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the cold caller us it’s harder than it
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sounds to be the money
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because we’re technically the rich
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person who wants to buy their house but
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we’re also their house therapists too
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hey why don’t you tell me what’s going
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on you know let me tell you the what
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people have done to their homes they
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take it very seriously if their home is
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a piece of [ __ ] they take it personal
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that it’s a piece of [ __ ] they don’t
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want to be like I you know I bought this
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million dollar home and I tore it to the
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[ __ ] ground because I’m so careless
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you know nobody’s proud of that story
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okay
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and so I think the best thing that we
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can do is really do what we can to
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create vulnerability around that and a
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couple of things that create
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vulnerability it’s basically Rapport
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right but it’s you know moving slowly
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you know not talking too fast it’s so
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important to move at their Pace right
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and their pace could be anything they’re
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speaking Cadence how fast they talk like
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whatever it might be or how fast their
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brain moves but we cannot move faster
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than them you know me personally I’m a
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very fast person and one thing I’ve
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learned is slow people hate me
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okay so if I meet a slow person I have
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to naturally slow down a little bit
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because if I stay fast they’re gonna
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hate me so I have to really adapt who I
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am and what I bring to the table to
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really make that happen so that’s called
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mirroring so one thing I like to do is I
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like them to say hello first
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yeah exactly hello you know and then
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you’d be surprised I match that energy
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if they’re excited I’m excited if
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they’re slow I’m slow and just based off
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and I’ll tell you the hello is gonna
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tell you everything like you’re like no
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I need more to work with no you don’t
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okay you need to listen to that hello
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and then and then continue matching they
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get excited you get excited you know you
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want to stay in that dance the one
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minute you outperform them if you’re
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super excited and they’re bored as [ __ ]
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you’re dead you know
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that most people don’t talk like talk
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about bro like that’s why we’re doing
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this episode right here most people
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don’t even talk about the hello you know
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they’re not like but everybody knows
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when you get that guy’s like hello
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you’re like this dude’s already annoyed
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right yeah right exactly and then you
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know we gotta find it and then the the
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next thing that comes up for me is you
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know piercing their [ __ ] okay every
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person has a wall up your mom has a
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wallop your dad your kids you know we
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can all relate to that right but for
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some reason when we deal with sellers
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we’re like how dare you how dare you not
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give me all the answers on our first
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conversation okay
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yeah go talk to your teenage kid and see
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how often they give you all the answers
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on your first conversation okay it’s
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like we have to really understand what
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these people are going through you know
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so a couple of advice I I really have
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for that is
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um one is
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you don’t want to think about what
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you’re supposed to say next okay I have
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people well Nick because I train cold
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callers that’s what we do right so Nick
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uh what do we say I feel like I’m always
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gonna say the wrong thing here’s what I
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say to that
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if you’re thinking about what you’re
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gonna say next you’re always gonna say
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the wrong thing if you’re thinking about
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what they are going through you’re
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always going to say the right thing and
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I think that that’s extremely important
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you know don’t be like oh what’s the
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line what’s the line what’s the line I’m
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supposed to use I can’t remember no
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instead it’s oh my God I’m so sorry that
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happened to your cat
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you know and then you just really
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understand what wow you know and really
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really go with it so that’s kind of one
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thing that I really recommend doing is
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slowing it down and then
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really meeting them where they’re at and
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not just trying to force them through
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our process bro great great point when
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saying like hey we a lot of people
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expect us to know exactly why they’re
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selling what’s the motivation what’s the
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problem why they’re how fast they need
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to go man you just maybe this is even
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the third time you call them maybe they
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don’t even feel that comfortable yet
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because I’ve talked to you know many
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sellers who have gone with me or gone
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with other people and to find out it’s
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just like they felt more comfortable
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with that other person right
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um so so great Point
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um one thing I want to point out as well
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is like you’re saying is I if I feel
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that there’s something off if I feel
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like they don’t like me I feel like if
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there’s something going on maybe they’re
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busy I call that out I just feel it
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right so again like you said don’t think
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about what you’re going to say just feel
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like have a normal conversation whether
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you’re in person when you’re in person
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you’re not like what should I say what
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should I say because if you do that your
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conversation is probably not that good
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so same thing on the phone
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um you’re like hey I can sense it sounds
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like here maybe in the middle of
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something is it okay if you know we chat
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again later I don’t want to be a bother
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I’m just calling you about the property
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now if they’re if they sent if they hear
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that like oh this guy cares about my
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time this guy is actually not just
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trying to bulldoze me nobody wants to
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get bulldozed ever right yeah that never
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works man if you’ve ever been called by
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these people or you say no and they
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bulldoze you I just sit there and I
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smile I’m like this guy’s gonna get I’m
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gonna stop him eventually this is
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or even hang up you know it’s like and
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that’s one thing that’s one thing I say
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too is like it’s not my goal
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to get my clients annoyed leads
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right that’s not you know and then I had
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a I had a mentor tell me a long time ago
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he said Nick
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I said hey do you want to sell no oh I
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would say something like it was it was a
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little like my first month of cold
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calling oh are you sure you know blah
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blah blah and it was like Nick shut the
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[ __ ] up with that okay like you’re not
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gonna talk anybody into selling all
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right that that’s not what he’s called
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they’re like yeah
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how long am I I’m not actually
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that worked it worked I I wasn’t sure
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I’m glad you asked you know now let’s
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flip that when you ask someone if
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they’ve ever we’d like to ask have you
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ever considered selling before now I
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call that leaving that wide open okay
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yeah exactly and so now it’s not like
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you consider the selling in the last 30
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days
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you know no click okay well how about
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ever so what that does for us is we can
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catch them now in hesitation
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um uh yeah uh no
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and then now we could say oh man it
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sounds like you may have hesitated there
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where you and the wife bring it up or
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something and that that’s a great
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opportunity there because getting that
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hesitant leave uh to have the
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conversation a little bit longer is
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extremely important
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um the other thing
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that I’ll touch on is disqualifying the
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lead too early
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you know I feel like the number one
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plague to investors
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is their ability to quickly disqualify
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me you know they didn’t say the right
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number click they didn’t say the right
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to stress reason click they didn’t say
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they want to sell fast enough click you
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know and I think that that is such BS
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because we really we have to stay on the
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phone longer I spoke to one of my
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highest clients the highest level
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clients that we have yeah and I may have
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shared this last time but he told me how
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he trained his acquisition managers and
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he said that first he has them listen to
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a recording of This homeowner saying I
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will never sell for less than three
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hundred thousand dollars and then he
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shows them that they got it under
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contract for 190. okay and then he says
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the Only Rule in this office is we do
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not hang up the phone
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that is the only rule in this office
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they are saying that hoping to end the
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call with you but if you prove
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resiliency and can work through these
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obstacles we’re like a therapist we’re a
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property therapist okay if you went to
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therapy and you were like oh I got a
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problem with my mom and they’re like
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you’re done you’re done you know we
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don’t we don’t talk about those why do
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we give up so quickly on the property if
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that’s the case you know yeah so I mean
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you’ve had it I’ve had I’ve had so many
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experiences where they’re too high on
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price they don’t have any motivation in
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the beginning but you they stay on the
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phone with you and you’re like there’s
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some hey they still want to talk nobody
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just wants to talk to an investor about
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their property unless there’s something
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maybe even deeper
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right exactly and you know having that
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entire conversation letting it play out
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this is also why I recommend that if
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you’re cold calling you’re not just a
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wholesaler you’re doing creative
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financing you’re doing uh novations and
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it’s not that you are
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doing those things
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but those are reasons to keep the
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conversation going
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you get it so like those if you have
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creative financing in your back pocket
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if someone says 300 000 you don’t hang
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up the phone because you know creative
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financing is an option so it’s like if
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you don’t have those tools in your tool
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belt then it is a dead lead but I
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recommend pursuing those tools so you
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can really overcome that and then stay
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on the phone longer
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Bro you’ve dropped some nugs today bro
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thank you Nicholas and everybody you
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know there’s so much that we can dive
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into with cold calling and and right now
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it’s just been some nugs so this is what
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I want you to do everybody’s watching
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this and we’ll watch this go and give it
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a shot if you don’t have a list go grab
12:57
one for batch leads pull it skip trace
12:59
it if you want to scale up hit up
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Nicholas he’s got the lead mining Pros
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he can help you
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um you know I I know you’ll even help
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him in general even if they’re calling
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themselves so you can always hit up
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Nicholas
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um you know I’m here for you we have a
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free Facebook group
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um that you know we do weekly trainings
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on we’re here to help because this is
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the thing everybody there’s no point in
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spending all your time in this business
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if you’re not trying to improve daily if
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you’re not trying to get better then
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like what’s the point you’re you’re
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staying stagnant right if if you’re not
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changing you’re not improving so
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everybody I hope that was helpful
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Nicholas you got anything you want to
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drop before we dip
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now uh you know I guess one of the main
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things I’ll leave everybody with when it
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comes to cold calling is don’t be too
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attached to the end result right one
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thing I did that really I was our first
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cold caller I called for six months
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straight and I didn’t close a single
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deal and how did I keep calling well I
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didn’t decide a closed deal was my
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victory what I liked was a happy seller
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if the seller ever said oh it was really
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nice talking to you today or anything
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that indicated that I brought the
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relationship where it should go I called
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that a win so there’s the last thing
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I’ll leave you guys with is leave the
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leads and the closed deals wins behind
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come up with other micro wins that show
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you that you’re learning and getting
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better and then feel good about yourself
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if everything’s only the closed deal
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you’re gonna end up beating yourself up
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maybe too much on the way to that close
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deal
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I agree thank you I I agree with that
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100 because when I was cold calling I
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was trying to convince everyone and
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that’s when you’re you’re losing every
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call you’re like man I suck at this it’s
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like no man leave like you said do micro
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wins okay yeah do micro things that
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you’re you’re proud of hey I was nice to
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that person I left them off on you know
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with a smile I could tell all right
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everybody you you want to hit up
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Nicholas hit him up for lead mining Pros
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hit me up if you need anything we’re
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here to help and you go out use batch
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crush it today peace out everybody
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see you guys