Module 2 · The Business Model · 2 min
How to Survive Your First Year
Financial planning, expectations, and survival strategies for year one in RE photography.
Transcript
Transcript of the recorded lesson. Recorded 2023, reviewed 2026.
In this video we're going to talk about how to survive your first year in business. Setting yourself up for success in any business venture is very important and you may have to have a side hustle in the beginning to help generate revenue to support your new business. When I started Lister Pros I did real estate sales on the side. I was a father of three and my wife wasn't working. It was important for me to provide for my family. Everyone has a different situation but you should not expect to make big sums of money when you're first starting out. When possible you should set aside money or have something that brings in revenue as you
try to focus on building your new business. With this business availability is very important so you're going to have to have some sort of side hustle that is flexible. It would be hard to pull this business off working another 9-5 job. For me I would even buy and sell cars to make extra money when I wasn't doing real estate. This allowed me to fulfill any appointments my clients needed me for. There were even times when I was reaching out to home sellers trying to get listings while I was driving between photography jobs. I was taking advantage of all the free time I had to generate revenue.
There are plenty of options like ride sharing, delivering food or whatever it takes to fill the gaps and generate additional revenue you need. By the time I hit my 6 month mark I was making over $10,000 a month in this business. I put in a lot of work to get to that point. I sent out emails, went to meetings and anything else I could do to get my name out there and bring in new clients. I was fortunate enough to get a few really good customers on board in the early stages of my business which really helped propel Lister Pros towards success. This is why I think it's important to really try to target successful real estate
teams and agents that do a decent amount of business when you're starting out. You want a solid customer base to set you up for success so if you can land some big clients you'll be able to make good money and not have to rely so heavily on side hustles. Well that's going to do it for this video. Reach out if you have any questions. We'll see you guys on the next one.