Action Academy | Millionaire Mentorship For Your Life & Business How Mike Balcom Makes $1M / Year Flipping Land (While Traveling Around The World)
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Jul 28, 2025 Mike Balcom, a seasoned land flipper with a decade of experience, shares his journey to earning over $1M a year while globetrotting. He discusses the significance of community and knowledge sharing in real estate, and how empowering team members fosters a thriving business. Balcom dives into effective delegation strategies and the importance of understanding your personal hourly rate. He also outlines successful land investing techniques and the critical role of decisive action for aspiring investors.
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Pre-Outreach Data Scrubbing
- Inspect every property on GIS maps before outreach to avoid wasting resources on undesirable land.
- Data scrubbing removes 60-70% of targets, improving marketing effectiveness significantly.
Team Adapts While Abroad
- While traveling in Africa with limited internet, Mike's team adapted by cold calling when their texting platform failed.
- This showed that trusting and empowering your team builds resilience and independence.
Passivity Depends on Profit and People
- Passivity in business is not about hands-off ownership but about profit and people management.
- Without sufficient margins and good team leverage, a business cannot be fully passive.
