Simple 5 Step Process to Learning a New Niche (Minisode)

They say the riches are in the niches, but we all know that getting into one doesn’t guarantee instant success. In this minisode, Liz and Andresa talk about how to make the big step into a smaller market. They advise against jumping into a niche without doing some research and having an understanding of the industry. They also emphasize the importance of joining communities and listening to people who have experience in that particular asset class. If you want to jump into a new niche without making newbie mistakes, then you don’t want to miss this episode! Quotes • “The biggest reason we fear pivoting is because the confidence that we had has dissipated. When you're in a new area, you don't have any confidence and you're a newbie again.” (1:35-1:50) • “You don't have to build ten relationships. You don't want to talk to everybody in the room, but you want to form relationships with people who have properties in that asset class.” (4:40-4:50) • “Obviously, the worst thing you can do is not to do anything.” (5:28-5:31) • “ Take those micro-actions. And that will lead to another.” (5:41-5:43) • “Don’t do it alone. Do it in a way that quite honestly is manageable. You're not going to become an expert on short-term rentals in a day. Nope. Not going to happen." (6:01-6:11) • “You don't want mentors who have not done what you're looking to do.” (8:40-8:44) Resource Mentioned Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties by Avery Carl How To Join the InvestHER Movement  1) InvestHER CON 2023 Meet Us in Arizona! | InvestHER CON 2023 Early Bird Tickets are available now! The inaugural InvestHER CON was unforgettable. We saw women freely raising their hands, asking questions, and going to the mic to share their thoughts; we saw women confidently speaking with sponsors, holding intimate conversations with each other, and connecting on a deeper level with themselves. You laughed with us. You cried with us. You played in the arena with us. And most of all, you inspired us! We’re not stopping there. We’re thrilled to announce that InvestHER CON will be returning in May 2023, at a venue in sunny Arizona! Early bird tickets are available now: https://www.therealestateinvesther.com/offers/K92UxTz3/checkout 2) The Real Estate InvestHER Podcast - The weekly show details the journey of some of the most amazing women real estate investors around the world, who open up their lives and share practical and strategic tools for growing a rental portfolio, flipping houses, and the mindset that allows them to run a successful investing business while taking care of their families and most importantly taking care of themselves. Subscribe via: Apple Itunes  Spotify Amazon Music Android   Stitcher    3) The Real Estate InvestHER Membership  STRIVE is a one-of-a-kind membership for experienced women investors looking to make deeper connections and take their Real Estate business to the next level. It is more than a transactional membership, and it is a transformational experience for women looking to live life on their own terms. 4) InvestHER Community on Facebook  We have thousands of members in our Facebook InvestHER Community (and growing!) This is a safe place for women to ask real estate investing questions and gain the support they need to achieve their goals!    5) InvestHER Meetups Around the Globe  We have Investher Meetup members attending in-person meetings across the country and Canada. Meetups are being held monthly by experienced InvestHER Leaders! Learn more about our InvestHER leaders, meetup locations, and how to become an InvestHER Leader HERE!     6) InvestHER™ eXp Team Our mission is to empower women in Real Estate to live a financially free and balanced life, and we are extending our support to Real Estate agents worldwide.   We have created exclusive content and support for the InvestHER™ eXp Team: *Top skills and strategies to grow YOUR business *How to utilize your “real estate agent” advantage to become a real estate investor *Monthly live masterminds *Become part of Libertas Organization with top coaches, Tim and Julie Harris. Jonna Hall Weber is leading our team. If you have any questions or are ready to join our team, click here to schedule a call with her.