Diversification is Key: My Take on BPO Success

Real Estate Agent with BPOS FOR LIFE LLC

Hey there, Frank Worrell here from BPOS For Life LLC. I’ve got some insights to share on why playing the field with multiple BPO (Broker Price Opinion) companies is the smart move. Let’s dive into our own earnings to show you what I mean.

Take a look at these numbers:
- Clear Capital: They’ve brought us a cool $27,129.
- RRReview: Not far behind with $19,600.
- Voxturappraisal.com: Pitched in $11,293.
- Pro Teck: Solid at $10,688.

And that’s just the start. Each of these partners has their own special sauce, their own corner of the market, and when you mix them all together, you get a more resilient, robust business.

But here’s the kicker: It’s not all about the big fish. Sure, those big numbers are sweet, but it’s the smaller gigs, like AssetVal’s $2,710 and Inspectionport’s $1,160, that keep things steady. They fill in the gaps and make sure we’ve always got work coming in.

Now, some folks might scratch their heads at why we bother with the little guys, like Emerge and Valuation Connect, who each chipped in just $49. But here's my take: It’s about staying agile, keeping our options open, and making sure we’re never too dependent on any one source. Plus, today’s small fry could be tomorrow’s whale.

In our business, it’s all about balance. You’ve got to have a mix of high-rollers and steady-eddies to keep the cash flowing and the doors open, no matter what the market throws at you.

And there you have it, that’s the playbook we use at BPOS For Life LLC. We spread the love across a range of BPO companies, and it pays off. It’s like having a diversified stock portfolio – when one stock dips, the others can cover for it.

Bottom line: If you want to keep those profit margins healthy and your business humming along, don’t put all your eggs in one basket. Spread them out. Diversify. That’s how we stay on top of our game.

Until next time,
Frank Worrell, BPOS For Life LLC


Comments (9)

Kat Palmiotti
406-270-3667, kat@thehousekat.com, Broker/REALTOR® - Kalispell, MT
Helping your Montana dreams take root

Putting your eggs in different baskets is important about many things in life!

Nov 18, 2023 04:50 AM
Frank Worrell

Hi Kat Palmiotti Yes that is so true. Thanks for commenting.

Nov 18, 2023 04:35 PM
Bill Salvatore - East Valley
Arizona Elite Properties - Chandler, AZ
Realtor - 602-999-0952 / em: golfArizona@cox.net

I love your BPO information.  I have learned so much. Have a super fantastic weekend!

Bill Salvatore, Realtor- Arizona Elite Properties

Nov 18, 2023 04:56 AM
Frank Worrell

Bill Salvatore - East Valley I am glad you are enjoying my BPO info! Have a great weekend yourself.

Nov 18, 2023 04:36 PM
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Frank Worrell it is clear from your presentation at a recent ActiveRain Weekly ZOOM Meeting, and the several blogs you have written on BPOs that you are very knowledgeable about BPOs, and your advice on BPOs should be followed.

Nov 18, 2023 01:25 PM
Frank Worrell

George Souto BPOS were my saving grace back in 2008 and my hope is that anyone interested will be able to garner information about this great niche in real estate.

Nov 18, 2023 04:39 PM
Leanne Smith
Dirt Road Real Estate - Golden Valley, AZ
Relocation to NW AZ with elbow room & more freedom

Diversification is important.  Looking into BPO. 

Nov 20, 2023 05:35 AM
Mike McCann - Nebraska Farm Land Broker
Mike McCann - Broker, Mach1 Realty Farm & Commercial Land Broker-Auctioneer Serving Nebraska - Kearney, NE
Farm Land For Sale 308-627-3700 or 800-241-3940

I quit doing BPO's many years ago simply because the income versus cost to do factor was too thin. We live in a rural area and many times there is 200+ mile round trip.  That eats up a lot of gas, money, and time. 

I am glad it is successful for your company!

Nov 20, 2023 07:04 PM
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

Only do a few commercials that most people can not tackle. How do you value a weed farm in a bad section of Oakland, CA?  The answer is the seller bought another one next door to determine the price. It pays low 3 figures.  I make sure my car is inside the gate before it gets car jacked. Mission dangerously accomplished.

Nov 21, 2023 07:25 AM
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

Property inspection from brush fires can be productive.  During the Northern CA fire, most homes require a validation on condition. In Cupertino, CA they assigned 96 homes to be inspected from street.  I ended up in Palo Alto, I notice many rode inside cars with their camera did the same thing. Who says realtors only sell multimillion dollar homes? 

Nov 21, 2023 07:31 AM
Peter Mohylsky, Beach Expert
PMI. Destin - Miramar Beach, FL
Call me at 850-517-7098

I thought of it as. Side gig but it might take the lead.

Nov 22, 2023 04:56 AM
Charles Ross - eXp Realty LLC
eXp Realty LLC Salina Group - Salina, KS
Love To Help People

Hey Frank Worrell! 👋 Your approach to diversifying with BPO companies is truly inspiring! 🌟 It's a great reminder that success comes from balancing different opportunities and not being afraid to explore new avenues. Your insight about not overlooking the smaller gigs resonates deeply - it's often the small steps that lead to big victories. Keep up the fantastic work at BPOS For Life LLC! You're a shining example of adaptability and foresight in the business world. 🚀 #StayMotivated #ResilientBusiness

Nov 23, 2023 05:36 PM