Archive for May, 2009

Healthy Stimulation

 

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Find healthy sources of stimulation for your life.

Most of us are over stimulated or stimulated by things that are not very healthy. Television, news, movies, cities, sights, events, and even certain people can over stimulate you, leading to stress, manic states, and exhaustion. Stimulation is fun, but each of us has an optimal level of it, yet we do not always know what that level is. The point here is to calm your life down to the point of near boredom and to find ways to enjoy the simple things.

 

Carpe diem,

Chris

Promise Little, But Deliver Everything

When you promise less than clients or recipients are asking for and reduce their expectations, you have room to maneuver and the freedom to deliver something different (not just more) than perhaps either you or the client was expecting. You can create and invent. This may serve clients better than what they had even considered possible at the beginning of your association. Remember, clients don’t usually know what they really want, so don’t let yourself get too tightly boxed in.

Be sure to give clients what they paid you for, but don’t stop there. You need to build a reserve or a gap, between what you promise and what you ultimately deliver. The wider the gap, the more vacuum you’ll create and the more people will be affected or surprised by you. The more pleasantly surprised people are, the more their voices will sing your praises.

Why Do You Make Promises?

Are you constantly in a promise and deliver mode? Some people feel that if they don’t or can’t promise, they won’t have the motivation or structure to deliver consistently. This turns promises into deadlines so that keeping your word becomes necessary. Of course, you should keep your word, but most people give it too readily. Some of the people you know might think they need you to make promises, creating a dependency. This type of promise and deliver system will cause you grief. You’ve got to stop promising anything at all and end your performance anxiety. Promising less provides freedom and begins progress.

Promise For Pleasure

Some people are so relieved when they deliver something that most of their joy comes from the delivery instead of the creation of what they delivered. Some people can enjoy both the doing and the delivery. You need to discover both what’s motivating you after you made the initial promise and how you feel throughout the project.

You may produce greatly under the pressure of deadlines, but you may come to the realization that the personal and opportunity cost of doing so is far higher than the rewards or results generated.

Don’t Promise, Just Deliver

Rather than telling people what you can do for them, rather than getting people interested enough to say yes, just be spontaneous and do something for them, without even offering to do it first. Most people enjoy surprises and there’s no delay or performance anxiety because there was no promise, just delivery.

Deliver Something Different

Add a twist or an additional component to what the client expected. Don’t just deliver 11 apples instead of 10, but toss in an orange too. The orange is something to surprise them with, but you haven’t given them less apples. Perhaps the client will be fascinated by the orange and that can lead to your next piece of work.

Deliver All That Occurs

While you deliver the product or service, you may stumble upon something surprising about either the client, the product or service, or the situation the client is in. It may be totally unrelated to what you’re being paid to deliver, but usually it makes sense to advise clients what you discovered so they become fully informed. These “chance” discoveries can lead to additional work or end up being worth more to the client than the project they paid you to deliver. Don’t push what you discover; just casually advise clients of it.

Deliver Everything

Everything means you can create a bigger solution or product instead of just delivering what the client asked for. When you focus on delivering everything, you create more, and evolve both your skill set and the client. In this way, both of you progress instead of just getting current needs met. Make sure to always deliver what the client asked for, but orient what you’re working on for clients so that it brings them (and you) to the next level.

Promise Nothing

Have enough reserve to do all of these things, but do them with such grace and style that your grace and style become as much a part of your service or product as what you’re delivering. When you focus on delivering because you enjoy it, instead of delivering because you promised to, you are fed by joy instead of fear. You’re working from reserve, instead of striving to meet targets.

Can you realistically promise nothing and still be successful? Yes, but you may need to start by underpromising and over-delivering. The gap between these two is pure profit – not just financially, but also in good reputation and self-esteem. People think more of you when you deliver far more (of what they want) than they were expecting. That gap starts people talking. If you delivered even the same amount, but had promised or over-promised it at the outset, the recipients would equally benefit, but they wouldn’t be as impressed and they wouldn’t talk about you. This is a key distinction for anyone in business who wants to build a strong reputation quickly.

Promise almost nothing to your clients (just enough to close the sale), but then begin the engine of over-delivering. Every time you over-deliver, you build up a reserve, of self-confidence, self-esteem, and referrals.

 

Carpe diem,

Chris

 

You can also click on one of the following links to have the mastery coaching blog with helpful life and business tidbits geared to real estate’s elite delivered to your computer,

To subscribe to the mastery coaching blog via email To subscribe to the mastery coaching blog via RSS reader

 

Questions to ask yourself to see if you are effectively using ways to engage visitors-

  • PictureI offer a free teleclass or webinar they can sign up for online.
  • I offer a free newsletter or tip broadcast they can subscribe to online.
  • I offer a free consultation or sample.
  • I offer a chat room at my site.
  • I offer a discussion board at my site.
  • I offer a free report (related to my subject or field) via auto-responder.
  • I offer a book, CD, or Podcast they can buy or get for free.
  • I offer visitors referrals to someone who can help them.
  • I offer visitors a list of links worth remembering that will help them continue their journey.
  • I offer visitors a chance to say hello to me personally.
  • I have widgets with active updating content.

Carpe diem,

Chris

Relating Skills to Master

PictureHere are a few things to give some thought to this week.

  • Don’t just listen to or understand people: Really hear them.
  • Love and support everyone, but require their best.
  • Speak in messages, not clichés, opinions, or possibilities.
  • Communicate fully in the moment.
  • See faults in people, but accept them.
  • Be unconditionally constructive.
  • Fully handle tasks.
  • Don’t seek credit.
  • Want the best for people, but don’t be tied to it.
  • Show people you care.
  • Be others focused.
  • Be interested in the conversation at hand.
  • Appreciate others.
  • Watch your association.
  • Be interdevelopmental with people: Not codependent, dependent, or merely interdependent.
  • Be grateful to and for others, and they feel it.
  • Cause things to happen, don’t wait for them to happen.
  • Always add value.
  • Give the gifts that the other person really wants.
  • Fill your needs first.

 

Carpe diem,

Chris

ecrets to Successful Branding – The Law of Credentials2

If, we, as the real estate community really understood the concept of branding and its importance, we would save a fortune by cutting the misplaced dollars we are spending in the name of “getting their name out there.”

Most of us are re-treads – people who fell into this business and came from some other background. In 15 years of asking, I’ve only found one person who grew up wanting to be a real estate agent (and she is no longer in the business). I can’t tell you how many people I’ve interviewed as a Broker that said the reason they wanted to be an agent was because they liked houses and people. If that is the sole reason they are here my advice to them has been – “Don’t get started in this business because in 6 months you will hate them both.”

Those that make it in this industry in today’s world are those that approach it with an amount of business prowess. Unfortunately, that isn’t taught in the “learn everything you need to know to become successful in real estate in two 1weeks” class. So, we throw the newbies to the vultures (vendors who sell BS products that do nothing but line the pockets of the vendors and serve as filler our nation’s dumps). We let them sling mud on a wall and see what sticks and hope against hope that they will be one of the very few fortunate ones who will survive the first three years.

Over time, those that emerge as mega agents realize that to truly win in this you must realize that it is a business not a career (and there is a major difference) and start learning how to become the “RainMaker.” Although we have dozens of proprietary campaigns to generate more leads, from time to time, we need to strip back to the basics and dive into the philosophy to align ourselves with the right thinking to launch our business to the next level. This week, it’s all about how to brand effectively so that you may maximize your ROI in any marketing or advertising program your engage in. From Al Ries, a master of marketing and branding in the retail sector, we take the lessons and apply the fundamentals to our real estate businesses.


One Secret In Branding is the Law of Credentials

We as an industry make claims to different things all the time. It seems everywhere I look there is another #1 or area expert. So many, in fact, that the whole notion has been diluted to the common denominator of average. The crucial ingredient in the success of any brand is its claim to authenticity. Consumers are inherently suspicious and look for holes in our claims. We want to distinguish ourselves and become the expert in our primary claim and be able to 3support it.

One of the fallacies in real estate is that we sell houses. You don’t sell houses. Let me say it again, you don’t sell houses; especially if you want a successful marketing campaign. Yes, you may have made over $500,000 in GCI this last year, even closed 38 transactions, but you don’t sell houses.

You sell your USP or Unique Selling Proposition. There are hundreds of thousands of agents in world today. If all you do is sell houses, then there are at least a few others that are willing to do the same thing. They may even deliver it with the same level of service and for a lower commission. What makes you better than any other? Why should a client hire you and pay you the commission that you are asking?

As an industry, we have been caught without enough distinction from one another which is why we face an ongoing war with “Commission Compression” – and before you get cocky on me and say “I’m not struggling with commissions” wait until the market swings back. If you thought it was bad before…

What is your USP? Is it that you return phone calls (which is become rare these days), or do you specialize in cash-flow oriented investors, or are you pet-friendly?

What are your strengths? What can and do you do better than anyone else? What are your values and if the truth be known, does your ideal client even know? What do you care about and hold most dear? What can you truly be an expert in?

Market around those things and you will find yourself in the rare air of those agents who make the rules about how the real estate game is played and who hold the top %1 who dominate the marketplace. And remember, the real power of credentials is not only self-proclaimed but acknowledged by others.

Carpe diem,

Chris

Excerpts from My Life Journal

PictureI was encouraged early in life by Jim Rohn to buy a $20 journal and fill it with ideas that are worth at least $20. That was 16 years ago. I have kept the habit up and have quite a collection of those books now.

Here’s a sampling of what was in the first couple of pages of one…

· The secret of your success is discovered in your daily agenda
· We over exaggerate yesterday – We over estimate tomorrow – We underestimate today
· The greatest hindrance to today’s success is yesterday’s success
· Stop putting things off until tomorrow
· Make everyday your masterpiece
· If you give 50% today, you can’t give 150% tomorrow
· If I leave something on the table today, it won’t be there tomorrow
· Most people don’t lead their lives – they just accept their lives
· Some people prepare, some repair
· Successful people make important decisions early in life, then they manage those decisions for the rest of their life
· The attitude you have is your choice
· Don’t expect others to make you happy
· Focus on your strengths not your weaknesses
· People don’t pay for average

 

Carpe diem,

Chris

 

You can also click on one of the following links to have the mastery coaching blog with helpful life and business tidbits geared to real estate’s elite delivered to your computer,

To subscribe to the mastery coaching blog via email

To subscribe to the mastery coaching blog via RSS reader

PictureQuestions to ask yourself regarding the ease of use, navigation and intuitive feel

  • The average user is never more than three clicks away from what they’ll need.
  • I don’t give the user more than six options on any one page.
  • I offer a site index.
  • I use image maps for a clean, easy look.
  • The visitor is guided as to what to do, see or go to next.
  • There are forward, back, top of page, and home page buttons throughout the site.
  • There is a site search engine that is easy to find and that works well.
  • The visitor doesn’t get stuck going down any blind alleys.
  • I’ve asked five people to visit my site and tell me what they didn’t like about it or found wasn’t clear or easy.
  • I have walked all through my site and it flows.

Questions to ask yourself regarding marketing and links

  

  • I have included properly used meta tags on all of my pages.
  • Visitors can recommend this site to a friend, right at the site.
  • I am listed at Google, Yahoo and other search engines.
  • I offer a free newsletter, tip nugget or blog, and people can sign up from the web site.
  • I am linked to at least 10 others in my field or industry, and they are linked to me.
  • I know where my site appears on the search engines (http://www.positionagent.com/).
  • I mention or refer people to my web site in my e-mail signature.
  • I include my web site URL in my stationery, brochures, and tangible marketing tools.
  • I am part of a professional or trade association that has a listing for me or links to my site.

Carpe diem,

Chris

The 10 Steps to Having Extensive Boundaries

 

Picture1. Understand that you need to dramatically extend your boundaries.
2. Be willing to educate others how to respect your new boundaries.
3. Be relentless, yet not punitive, as you extend boundaries.
4. Make a list of the 10 things that people may no longer do around you, do to you, or say to you.
5. Sit down with each person involved and share with them your process; get an agreement to honor you.
6. Require that every single person in your life is always unconditionally constructive in every single comment to you: no more digs, make-funs, deprecating remarks, criticisms.
7. Have and use a four-step plan of action whenever someone violates your boundaries: Inform them what they are doing, implore that they stop immediately, require that they stop, walk away without any snappy or get-even comments.
8. Make a list of 10 ways you are violating others’ boundaries.
9. Stop violating the boundaries on that list.
10. Reward and congratulate those who are respecting boundaries.

 

Carpe diem,

Chris

 

Secrets to Successful Branding – The Law of Quality2

If, we, as the real estate community really understood the concept of branding and its importance, we would save a fortune by cutting the misplaced dollars we are spending in the name of “getting their name out there.”

Most of us are re-treads – people who fell into this business and came from some other background. In 15 years of asking, I’ve only found one person who grew up wanting to be a real estate agent (and she is no longer in the business). I can’t tell you how many people I’ve interviewed as a Broker that said the reason they wanted to be an agent was because they liked houses and people. If that is the sole reason they are here my advice to them has been – “Don’t get started in this business because in 6 months you will hate them both.”

Those that make it in this industry in today’s world are those that approach it with an amount of business prowess. Unfortunately, that isn’t taught in the “learn everything you need to know to become successful in real estate in two 1weeks” class. So, we throw the newbies to the vultures (vendors who sell BS products that do nothing but line the pockets of the vendors and serve as filler our nation’s dumps). We let them sling mud on a wall and see what sticks and hope against hope that they will be one of the very few fortunate ones who will survive the first three years.

Over time, those that emerge as mega agents realize that to truly win in this you must realize that it is a business not a career (and there is a major difference) and start learning how to become the “RainMaker.” Although we have dozens of proprietary campaigns to generate more leads, from time to time, we need to strip back to the basics and dive into the philosophy to align ourselves with the right thinking to launch our business to the next level. This week, it’s all about how to brand effectively so that you may maximize your ROI in any marketing or advertising program your engage in. From Al Ries, a master of marketing and branding in the retail sector, we take the lessons and apply the fundamentals to our real estate businesses.


One Secret In Branding is the Law of Quality

Quality is important, but brands are not built by quality alone. There is no correlation between marketing success and 3product or service quality. There is nothing wrong with quality. We advise our clients to build as much quality into their brand as they can afford. But don’t count on quality alone to build the brand. To build a quality brand you need to narrow the focus and combine it with a better name and higher price.

Here’s an example of my point – If I were to buy a new BMW 7i and one dealer had one the car for $80,000 and another dealer could get the exact same car for $72,000 which would I choose? All things being equal, price will become my determining factor. But let’s say that I just wanted to buy a car that allows me to get to and from work in a safe comfortable manner. What makes me consider an $80,000 BMW versus an $18,000 Kia? Price no longer becomes the only factor. BMW knows they aren’t selling a car or mere transportation; they are selling “The Ultimate Driving Machine.”

In fact, if we are completely honest, most of the reason that someone buys a BMW is to satisfy ego (hey, I’ve been guilty of this); and BMW has done quite well getting buyers to buy at top dollar to feel like “they’ve arrived” and satisfy those needs. Maybe even more interestingly is how many BMW owners would cop to ego being their primary reason for buying the car? With that said – let’s not beat up on the BMW crowd too bad, the same could be said about Lexus, Mercedes and others and they don’t have the distinction of being the “Ultimate Driving Machine…”

The important factor is not if one brand is more valuable than another in the quality department, but more that there is a widespread perception it is via the marketing department and with the consumer. Remember, quality is important, but not enough in and of itself to build a successful brand.

Carpe diem,

Chris

PictureAre you feeling the squeeze of “Commission Compression?”  Here’s the best way I’ve found to deal with closing on commission questions.

Start with pulling a search from your MLS of all the competing actives within the serviceable area (all the homes you would potentially show a buyer that would be interested in the listing).  You’ll want to bring this with you to the listing appointment with the CMA.

After you have established the listing price and have found their motivation, take out your print-outs of the “actives” sorted by the percentage being offered to the buyer’s agent.  Explain that the buyers’ agent’s commission is a marketing cost and “would you like your house to be placed toward the top of this list or would you like your home to be at the bottom of the list.”  Then shut up and wait for an answer.  This will be a logical decision based on empirical data which you are giving them.  Write the number that they give you at the top of that sheet and set it to the side.

Once the selling side of the commission is established you can start on your side.  You have two different tact’s you can take:  The first and the one I recommend is to simply say “My listing fee is X%” (X being your ideal negotiable commission for the listing side). When we split the commission it for some reason in psychologically easier to swallow.  People aren’t stupid they will add the two numbers together; however, if we can justify how we got the big scary number of a full commission they feel better.  Remember the buyer’s agent is a logical decision, you are an emotional one.

The second, if you are feeling uncomfortable with saying you charge Y%, is to say to the seller “You have decided to give X% to a buyer’s agent who’s job it is to negotiate against us and make our lives difficult.  How much would you like to give to your advocate?” I have found that that with those which we are coaching, this dialog nets them equal or greater than commission percentages that is being offered to the buyer’s agent every time. 

Carpe diem,

Chris