Don’t make this mistake! How waiting to join eXp cost me $600,000

If you’ve been waiting to join eXp, I have one suggestion for you: join now. You’re losing money. In this post, I have a cautionary tale to tell. I’m going to share with you what it cost me when I waited a year to join eXp. If I can save you even a tenth of what I lost, I’ll have done my job here. So, here we go. This is why it cost me $600,000 by not joining eXp when I should have.

Why’d I hesitate?

I had this amazing time in Las Vegas with Dan Beer and David Whissel. I met incredible people out there who were outselling me five to one. I saw how amazing eXp was and how it could help me sell a lot more houses. I came home all jazzed about it, but I was talked out of, in a way, by my broker. He was like, you don’t want to become a recruiter, and you don’t want your sales to fall off. And so, I wanted to “focus on my business” so I delayed joining eXp. But, it cost me. 

Missing out on Revenue Share

Now, the revenue share since I joined last November has been around $19,000. If I annualize that, that’s about $28,000. So, by waiting a year before joining I lost probably $30,000 or more alone. This is money that gets paid out every month by eXp. I didn’t even have to do much recruiting. I was just really excited and told a lot of people and they joined. It’s been a huge win for us.

Missing out on Stocks

Now, eXp gives out stocks to its members for a whole host of reasons, but that’s a post for another time. I have 337 shares that are worth roughly $16,000. I got these shares when they were worth around $40. If I had joined a year early, the stocks were worth around $4. Since I earn about $24k a year in free stock from eXp, if I had joined earlier my stock would be worth about $288k. So, that was a huge loss there.

Missing Out on Sales

In 2020, we did about $70.7M in sales. This year, so far, we’ve made $96.9M. So, forecasting 

it out for the rest of the year, we’re likely to be making around $128M. Now, that’s an extra $1.4 million in commissions we’ll make, and my profit margin is around 20%, so that’s an extra $285,000.

So, you want to join eXp?

Now’s the best time to join. If you have any questions, email me at [email protected] or call at (480) 329-4995.. We can have a quick strategy meeting about how to move you and your team closer toward wherever you’re wanting to go. So, reach out and let’s get started today.

Schedule an appointment with John

John Gluch.

[email protected]