05 Feb Secrets of successful real estate agent
It is a big step to pass the real estate test, get licensed and start a new business, but most of the new real estate agents never make it through their first year in the business. They tend to underestimate expenses and overestimate income or rely on the old industry that is not valid in this developed internet driven decade since the 2008-09 meltdown. If you are venturing into real estate business and want some advice that will help you stay in the business
You don’t have to be good at sales
A real estate agent knows how to present himself and handle his business well. A real estate agent has to work smartly and handle his business and steer clear of a ‘pushy real estate salesperson’ image as this will not help you go further in this real estate world. You are a consultant in a way, who needs to guide their client through their needs and stay out of sales mode all the time.
Think small for Big success
Thinking small does not stop you from your growth instead helps you take small steps towards success as it will ensure you are moving in the right direction. It is also about you understanding as an independent contractor to always being in control of your marketing strategy, so the business is profitable, flexible and also grows with you.
Develop a Business Plan and Stick to it
You are in this industry to gain profits be successful and to achieve all of this you need to have a good business plan. Have a budget, organise your business well and don’t let the enthusiasm to get a new client divert you from these tasks. These tools help you focus on what is important in the business and also get a start on building a base without spending a lot of money.
Develop a budget and Stick to it!
It is crucial that you have a budget to help you cover your real estate agent expense and also your personal living cost. An easy way to achieve your budget includes making a spreadsheet and putting in all, include coffee, fun expense, cover everything and then calculate your business budget. Revising it when needed, and will save you a lot on.
You don’t have to ‘List to last.’
An old saying in the real estate world is ‘If you don’t list, you will not last’ but in the new real estate world where the market and the business has changed and can make the real estate into a career, as you can work with buyers and not just list properties as seller’s representatives. If you do both, you will gain more buyers and also get a better business income.