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Cody Hofhine

👤 Person
230 total appearances

Appearances Over Time

Podcast Appearances

The Science of Flipping
The Leadership Mistake That’s Killing Your Business (And How to Fix It) | Cody Hofhine

Yeah, we want to add another... What do we want? 40 this year, was it? It was 40 franchises that we're going to add this year as our goal. On top of that, the reason why... And I think some people will be like, well, why not 100? Why not 200? I would love that. Don't get me wrong. But there is a strategy that you have to maintain the culture. Of course.

The Science of Flipping
The Leadership Mistake That’s Killing Your Business (And How to Fix It) | Cody Hofhine

Yeah, we want to add another... What do we want? 40 this year, was it? It was 40 franchises that we're going to add this year as our goal. On top of that, the reason why... And I think some people will be like, well, why not 100? Why not 200? I would love that. Don't get me wrong. But there is a strategy that you have to maintain the culture. Of course.

The Science of Flipping
The Leadership Mistake That’s Killing Your Business (And How to Fix It) | Cody Hofhine

And with real estate, it's a little bit trickier than like a crumble cookie where you just have to stand on an X and put a batch of flour together and all this stuff. It's not that. I mean... Real estate is already a trick in itself. There's so many people that don't do it right.

The Science of Flipping
The Leadership Mistake That’s Killing Your Business (And How to Fix It) | Cody Hofhine

And with real estate, it's a little bit trickier than like a crumble cookie where you just have to stand on an X and put a batch of flour together and all this stuff. It's not that. I mean... Real estate is already a trick in itself. There's so many people that don't do it right.

The Science of Flipping
The Leadership Mistake That’s Killing Your Business (And How to Fix It) | Cody Hofhine

There's so many people that, I mean, this industry is one of the most hated industries because of people that do it wrong. I don't want them part of Joe. Like I want them to never even hear the word Joe Homebuyer. I hope they fizzle out and do whatever they want to do. So 40 would be, we have connected with and found through great individuals.

The Science of Flipping
The Leadership Mistake That’s Killing Your Business (And How to Fix It) | Cody Hofhine

There's so many people that, I mean, this industry is one of the most hated industries because of people that do it wrong. I don't want them part of Joe. Like I want them to never even hear the word Joe Homebuyer. I hope they fizzle out and do whatever they want to do. So 40 would be, we have connected with and found through great individuals.

The Science of Flipping
The Leadership Mistake That’s Killing Your Business (And How to Fix It) | Cody Hofhine

We've got Brent, we've got Jerry, we've talked together of great people that are looking for that growth. People that are saying, hey, I want to take my business to the next level. Where do they go right now? As they just heard that, where can they go to go to better reality? Right now, they can definitely go to joehomebuyer.com. But we also have a giveaway for your audience. It's thejoeway.com.

The Science of Flipping
The Leadership Mistake That’s Killing Your Business (And How to Fix It) | Cody Hofhine

We've got Brent, we've got Jerry, we've talked together of great people that are looking for that growth. People that are saying, hey, I want to take my business to the next level. Where do they go right now? As they just heard that, where can they go to go to better reality? Right now, they can definitely go to joehomebuyer.com. But we also have a giveaway for your audience. It's thejoeway.com.

The Science of Flipping
The Leadership Mistake That’s Killing Your Business (And How to Fix It) | Cody Hofhine

And that is the five steps in negotiation. So when people say, rarely do people get past the first year in business, even rare if you make it past three years. And Dan Martell was actually, I was talking to him on the phone. He's like, you're a unicorn, Cody. He's like, not many people make it past 10 years in the business. You're a unicorn, my friend.

The Science of Flipping
The Leadership Mistake That’s Killing Your Business (And How to Fix It) | Cody Hofhine

And that is the five steps in negotiation. So when people say, rarely do people get past the first year in business, even rare if you make it past three years. And Dan Martell was actually, I was talking to him on the phone. He's like, you're a unicorn, Cody. He's like, not many people make it past 10 years in the business. You're a unicorn, my friend.

The Science of Flipping
The Leadership Mistake That’s Killing Your Business (And How to Fix It) | Cody Hofhine

And I would tell you that majority of that success does come from that negotiation, right? That's what allows you. Now, granted, it's hard to say because you've got marketing to go inside of that too. But I would say I'd attribute a large portion of that success on how well we negotiate. And that's why they can get their hands on this document. So I would say go to that website one more time.

The Science of Flipping
The Leadership Mistake That’s Killing Your Business (And How to Fix It) | Cody Hofhine

And I would tell you that majority of that success does come from that negotiation, right? That's what allows you. Now, granted, it's hard to say because you've got marketing to go inside of that too. But I would say I'd attribute a large portion of that success on how well we negotiate. And that's why they can get their hands on this document. So I would say go to that website one more time.

The Science of Flipping
The Leadership Mistake That’s Killing Your Business (And How to Fix It) | Cody Hofhine

Thejoeway.com. And it's a five steps negotiation with an accompanying video that you, I mean, it's what we share with our Joes.

The Science of Flipping
The Leadership Mistake That’s Killing Your Business (And How to Fix It) | Cody Hofhine

Thejoeway.com. And it's a five steps negotiation with an accompanying video that you, I mean, it's what we share with our Joes.

The Science of Flipping
The Leadership Mistake That’s Killing Your Business (And How to Fix It) | Cody Hofhine

No, no, it's not. It's not. And it really is coupling and partnering and recognizing who is a fantastic fit. and working with the people where those people are sitting. So it really is – it's a very focused, dedicated year that we're going to have. Good. But we're excited about it. As it comes to portions of these cells, right, think of one thing instantly.

The Science of Flipping
The Leadership Mistake That’s Killing Your Business (And How to Fix It) | Cody Hofhine

No, no, it's not. It's not. And it really is coupling and partnering and recognizing who is a fantastic fit. and working with the people where those people are sitting. So it really is – it's a very focused, dedicated year that we're going to have. Good. But we're excited about it. As it comes to portions of these cells, right, think of one thing instantly.

The Science of Flipping
The Leadership Mistake That’s Killing Your Business (And How to Fix It) | Cody Hofhine

I hope this is already like a gold nugget you can take today – Think of right when a phone call comes in. So there's two things that we do at Joe Homebuyer we do really, really well. We started tracking this years ago, our live answer rate. So many people go to a voicemail. Of course. Or I'm in an appointment and there's no one as backup.

The Science of Flipping
The Leadership Mistake That’s Killing Your Business (And How to Fix It) | Cody Hofhine

I hope this is already like a gold nugget you can take today – Think of right when a phone call comes in. So there's two things that we do at Joe Homebuyer we do really, really well. We started tracking this years ago, our live answer rate. So many people go to a voicemail. Of course. Or I'm in an appointment and there's no one as backup.

The Science of Flipping
The Leadership Mistake That’s Killing Your Business (And How to Fix It) | Cody Hofhine

So just go into voicemail and they just didn't have any kind of backup. We don't allow that. So we started tracking this. We're probably around 50 percentile, if I had to guess, in live rate when we first tracked this. And we're like, what if we improve this? What would it do to our metrics? Yeah. We started improving it. And once we started tracking it, because once what you measure grows, right?

The Science of Flipping
The Leadership Mistake That’s Killing Your Business (And How to Fix It) | Cody Hofhine

So just go into voicemail and they just didn't have any kind of backup. We don't allow that. So we started tracking this. We're probably around 50 percentile, if I had to guess, in live rate when we first tracked this. And we're like, what if we improve this? What would it do to our metrics? Yeah. We started improving it. And once we started tracking it, because once what you measure grows, right?