Mike Oddo launches Pay Per Closing; real estate agents can now leverage a lead generation service with no high monthly cost, only spending when they close clients. Columbus resident and real estate agent Ryan Ruehle paid Mike Oddo’s company of the last ten years Market Maker $20,000 in 2021 for his company’s advertising services. Ryan says the investment grossed $200,000 in commissions. However, to attain such results, Ryan would spend a minimum of $1,500 per month. When agents seeking success see such whooping results, they get hit with a shot of hope, only to feel it crumble when they can’t invest themselves or get past warranted skepticism. The solution: Pay Per Closing.
Gain access to qualified leads for no upfront cost. Mike Oddo is removing financial and skeptical objections to create a no brainer offer, but why?
The answer is a 25% referral fee. Agents across North America have sought out Oddo since 2012 for his company’s advertising services, Market Maker. With the formula for agent success, he can increase his profits exponentially by catering to those who can’t invest or won’t invest into his recurring service by providing his services with no cost upfront but for a 25% referral fee. If you were to pay his $1,500 service fee, Oddo is capped at that figure, and every dollar you’d make after his service fee is yours. With Pay Per Closing, you save the upfront cost and risk, but Mike will earn 25% on everything you make because he provided the leads and technology to make it. If Mike could earn you $10,000 in a single month, which isn’t uncommon, he’d receive $2,500. $1,000 more than had you paid the service fee. He is making the potential earning exponential for Pay Per Closing and a no brainer for you. However, I would suspect Oddo will be selective with whom he works with given he’s taking most of the risk and relying on your skillset to close the leads and deliver top-notch service, but if that’s you, it’s worth exploring further.
Mike Oddo says, “The original thought was that we would give real estate agents a way to learn how to convert online leads into commission dollars without the weight of high monthly costs causing people to quit before it can even work. The most significant difference between agents who make over $1 Million a year from online leads and agents who have tried but failed is simply training and understanding the cash conversion cycle. The training is being able to use the same scripts and similar conversations on repeat to convert leads, so you have predictability in the results. The cash conversion cycle understands that some leads that come in today will become transactions for you 3, 6, or sometimes 12 months or longer. And as long as you plan on being in real estate for more than a year, it is excellent to understand delayed gratification.”
Additional news is Mike Oddo recently acquired Housejet.com. Each new member of Pay Per Closing will have the opportunity to help build the first and only portal that agents own, owned by agents for agents. Each member will have a chance to be awarded shares of stock and participate in a revenue share program designed to reward agents for doing what they do best.
The program has recently opened and is currently onboarding over 100 agents per month and will be able to handle up to 500 soon. This will be necessary given their tackling the crippling wallet problem of low lead flow, a problem there’s no shortage of agents battling. Oddo says the only issue right now is availability.
Updates can be found on the company’s Facebook page or website below.
