Matt Bowles dissects the Maverick Investor Group business model and shares 5 tips for building a location independent business in a space that is not traditionally virtual. He begins by explaining the importance of believing it can be done, ignoring the naysayers and perceived limitations, and surrounding yourself with or at least consuming content by people that have done similar things. Matt shares multiple examples of entrepreneurs interviewed on The Maverick Show that have built business with a location-independent infrastructure that many people initially thought was impossible to do. He then talks about the importance of reverse engineering your business model to ensure you don’t make any geographically restrictive mistakes. Next, he talks about the importance of mitigating any additional perceived risk in the mind of the buyer, and then to go beyond that and to actually make your location independent infrastructure part of your value proposition and explain how it is advantageous to your buyer. Matt provides examples of how Maverick Investor Group does this with their buying opportunities for cash-flowing rental properties that people can buy in the most investor advantaged markets regardless of where they live. And finally, he talks about integrating your location independent lifestyle into your brand identity, using it to be more interesting than your competitors and also to establish affinities with other people that live or aspire to that lifestyle. FULL SHOW NOTES AVAILABLE AT www.TheMaverickShow.com
Episode #70: Five Tips for Building a Location Independent Business in a Space that is Not Traditionally Virtual with Matt Bowles
Episode Summary
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About the Guest
Matt Bowles
Matt Bowles co-founded Maverick Investor Group in 2007 to help individual real estate investors buy performing rental property in the best U.S. real estate markets, regardless of where they live. He has been featured in major national media and was named one of the “Top 50 Real Estate Opinion Makers and Market Leaders”. Matt and his co-founders at Maverick have helped individual real estate investors buy over $100 million in residential investment property across 15 States. As a location-independent business owner, Matt runs his company (and hosts the podcast!) from epic locations around the world and has lived in over 60 different countries since 2013. He is a sought-after speaker at events and conferences around the world relating to real estate investing, entrepreneurship, long-term world travel and the digital nomad lifestyle.
What You'll Learn
- How to reverse engineer your business plan to avoid geographically restrictive mistakes
- How to leverage your location independence as a competitive advantage
- How to use your nomadic lifestyle to cultivate affinities and serve those niche markets
Links From the Episode
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Get Matt’s Free White Paper Real Estate Investing for Digital Nomads
Get More Resources on Location-Independent Entrepreneurship
OTHER MAVERICK SHOW INTERVIEW MENTIONED IN THIS EPISODE
- 05: Jennifer Magee
- 13: Daraja Asili
- 28: Colin Randall
- 32: Michael Thelin
- 34: Lydia Baikalova
- 36: Jennifer Magee
- 63: Mel Judson
CONTACT MATT
- Email: matt@maverickinvestorgroup.com (Let Him Know What You Thought About This Episode and What You Would Like to See In the Future)
Time Stamped Show Notes
[1:12] Introducing Maverick Investor Group
- How Matt and His Partners Built a Location-Independent Real Estate Brokerage
[2:27] Tip #1: Believing That It Is Possible For You
- What the naysayers said to Matt and the Maverick Team
- The importance of surrounding yourself with supportive and inspiring people
- How to find other people who have done what you are trying to do
- Listing Out Maverick Show episodes with guests who built location-independent businesses in spaces that are not traditionally virtual
[11:47] Tip #2: Reverse Engineer Your Business Plan
- Creating a business vision for both financial goals and lifestyle goals
- Working backwards and ensuring you don’t make geographically restrictive mistakes
- The importance of changing “Can this be done?” to “How can this be done?”
- Scaling and building a location independent management infrastructure as the next level
[16:37] Tip #3: Pre-Emptively Mitigating Your Customer’s Perceived Risk
- How Maverick reduces the perceived risk of buying out-of-state rental properties
- How Maverick’s model helps buyers improve their due diligence and investment decisions
[22:43] Tip #4: Make Your Location Independence Part of Your Value Proposition
- How to position your location independent as an advantage to your customer
- How Maverick’s location-independent business model benefits their clients
- The importance of publicly leaning into your location independence
[27:49] Tip #5: Integrating Your Location-Independent Lifestyle Into Your Brand Identity
- Avoid the #1 Marketing Sin of “Being Boring”
- Your nomadic lifestyle makes you more “interesting” than your competitors
- Capture more “attention” by being more interesting
- Hire the best staff by offering the benefits of a location independent workplace
- Create a competitive advantage by serving customers with lifestyle “affinities”
[34:26] How to Get More Info and Resources on Location Independent Entrepreneurship
- Recap of the 5 Tips
- Get a copy of Maverick’s free white paper on Real Estate Investing for Digital Nomads
- Check Out the “Maverick Nomad Life” website for more entrepreneurship resources
[37:11] Contact Matt and Provide your Feedback
- Email Matt personally and give him your feedback on this episode
- Let Matt know what you would like to see on future episodes
