Hi Everyone,
Here are my class notes from a class I recently taught to new real estate agents. If you’d like clarity or more of an explanation on any of the bullet points, post your question(s) or email me, courtney@self.cc
Business Philosophy
Balance
Align business goals with life goals
Use technology wisely
Be an expert = immediate credibility
Work on not in your business
Create systems & delegate
Goals
Written
Specific, Measurable, Unreasonable & Timely
Personal: Vacations & family time come first
Business: Income & sales, advertising
Overall Business Plan with Budget
Marketing Plan & Budget
Ways to Develop Business
Networking
Circle of Influence
Seminars
Doorknocking – Igor
Mailing – Gary Fortune
Print Advertising
Floor time
Open Houses
Farming
How Do I Get My Business?
97% of my business is
repeat & referred clients.
COI – Circle of Influence
Networking
Seminars
Working Your COI Effectively
Database management software: Top Producer, ACT, Outlook , Agent 2000 or Spreadsheet
Create your COI database: friends, family, colleagues, past clients, service providers, power partners, other agents.
Adding to your COI: Open Houses, networking & business groups, chamber events, special interest clubs, etc…
Obtain permission to email or call
Rate each: A, B or C client/prospect
I Have A Database, Now What?
Send a letter of introduction: 2 cards
Follow-up with a phone call or visit
Schedule an Open House and invite your COI
Host a client party or office open house
Top 10 Marketing Ideas
Create your brand image: brochure, logo
Design a postcard & letter campaign: Buffini, By Referral, Homes newspaper, newsletters (RE/Max), USPS.com
Design an email marketing campaign: RE/Max member benefit – email marketing center or constant contact
Website: Superlative, Pullan Communications
Lead Street: Internet Leads, Free Webinars
Toll Free #’s – free offers, 24/7 – good listing tool
Voice blasts: FreedomVoice.com
Inserts: Newspaper – expensive, Newsletters, utility bills
Craig’s List – Free classified ads
Create Your Team: partner with another agent, lender, insurance broker, financial planner, title rep, etc…
Partnerships
Various partnership arrangements: per deal, specified period of time, 50/50, groups, partners, teams
Have a trial period
Have your agreement in writing
Have an exit strategy: How will you divide clients, business assets, web addresses, phone numbers or logos
72 Hour Checklist
Purchase database software
Put together your COI
Send your introduction letter
Join networking group or club
Identify 3 Power Partners
Schedule 1st Open House