Archive for June, 2009

Snakes in the Office

 

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“If you see a snake, just kill it.  Don’t appoint a committee on snakes.”
- H. Ross Perot

 

When running the broker side of the desk, you are sometimes called on to make difficult decisions.  As a broker/manager/owner you are responsible for office culture, casting vision and most importantly, profitability.  Most leaders who have come through the ranks tend to be quick to hire and slow to fire.  Problems tend to drag themselves out.  Take a ruthless policy on snakes (whether they be people or problems) they don’t get better and they only hurt you in the long run.

 

Carpe diem,

Chris

 

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pictureMy mother was right: Hand-written notes express your gratitude, appreciation, regard and attention infinitely better than mere phone calls, or heaven help us, emails. Which, of course, is why you decided to add “writing personal notes” to your marketing tactics.

But after that first thank-you note, what in the world is there to write about? I mean, how many times (and ways) can one say “thank you” to a client?

Remember, not every note has to be a thank-you note. If you ask me, there are at least ten great reasons to write to your clients, colleagues and associates, and I’m sure you can think of more, once this list gets you started thinking in that direction. But just so that we don’t forget the importance of gratitude, let’s start with the old standby, the thank-you note:

1. Gratitude. Keep in mind that gratitude denotes thankfulness, and you are thankful for gifts, such as time, effort, expertise, information, or referrals.

Example: Thank you for referring John Smith to me. I am grateful for your referral, and appreciate your trust in my capabilities.

2. Appreciation. This is different than gratitude. To appreciate means to value and recognize the significance of a concept, object or act. You would write a note of appreciation for business, any type of support, demonstrations of regard, and acknowledgment of good wishes, and so on.

Example: Thank you for asking me about a 1031-Exchange. I appreciate your trust in my capabilities, especially after the situation with the Jones sale. You can count on me to handle every detail of this transaction on time and within your budget.

3. Condolence. Nobody has to die to send a condolence letter. When something bad happens to something that somebody you know cares about deeply, a note of condolence can really let the recipient know that you understand what matters to him or her.

Example: I was so sorry to hear about what happened to your car. I know how you treasured your 1966 Mustang, and rightly so. You did a great job restoring it, and your enthusiasm for the model turned both my sons into true fans. Although “Betsy” may never grace your driveway again, she shall shine forever in the boys’ memories almost as much as she will in yours.

4. Congratulations. This is a great type of note to receive because it shares the sender’s delight in one’s good fortune, so send this type as often as you can. People can be congratulated on all kinds of accomplishments, including promotions, achievements, awards, and so on.

Example: Congratulations on winning the Down Home Bread Maker of the Year award, Bob. I knew it was only a matter of time until the world at large discovered what I found out years ago: You truly are the best cook in the state! Let’s get together for a celebratory toast soon – and I don’t mean with bread, of course.  I’ve always said there’s nothing better than your dough, and now it’s official!

5. Compliment. What is sweeter to our ears (OK, eyes if you’re reading) than a sincere compliment? Not much, and in our society when competition is tough, and the complaints and disparagements are often louder than the applause, a little positive feedback can be very welcome indeed.

Example: It was great seeing you at the meeting last night, Jane. Although I didn’t get a chance to mention it during the program, you were simply stunning in that blue dress! That shade is perfect on you, and everyone at our table commented on how terrific you looked. Don’t be surprised if we all show up in blue next month.

6. Recognition. If you’ve ever had your name or photo in the newspaper, you know what a thrill it is. Just imagine how much greater that thrill would be if you knew that others had seen it, too. But recognition doesn’t have to be confined to media coverage; you can also recognize someone for a job well done.

Example: Just saw the headline in the business section of today’s paper, and I’m impressed. Nice work, Jack! What a great angle on that story. With coverage like that, sales should go through the roof.

7. Something of interest. This is great for when you run across an article, cartoon or information that may interest, amuse or help the recipient. Not only does it show that you’ve been listening, but it demonstrates that you are thinking about that person, even when s/he is not standing right in front of you.

Example: That house you’ve been wanting is finally on the market again, Nancy. There’s a sign in the yard, and I’ve enclosed the REALTORS® flyer so you can be one of the first people to see if it’s as fabulous inside as it is on the outside. I’d advise calling her soon; houses are selling quickly in this area, and I don’t want to miss the opportunity to have you as a neighbor!

8. New acquaintance. So you’ve gone to a networking meeting, and come home with ten business cards. What to do? Follow up with a “happy to have met you” note.

Example: It was great to meet you at the association meeting last night.  I wish we could have chatted for a little longer because there is so much I don’t know about your business, and I’d love to know how I could refer clients to you. Perhaps we could meet for coffee sometime in the next two weeks to get to know each other’s businesses a bit better?

9. Anniversary. People like to be remembered (unless they’re criminals), so it makes sense to honor an anniversary of first service or other significant date by sending a note. This really says how much you value the relationship, and reminds the client why they worked with you in the first place.

Example: I can hardly believe that it’s been so long since we worked together on that trade show, Jessica. Exactly one year ago today we unveiled your new exhibit, and I remember how pleased we were with the results. I hope it still serves you as well this year as it did last, and that we’ll be working together on another project soon.

10. Invitation. The best thing about a written invitation is that people know for sure that your invitation is premeditated and deliberate. Since many people automatically toss anything that looks even remotely like bulk mail, if you really want someone to come to an event, a handwritten invitation is about the most flattering way you can invite someone.

Example: You’re going to receive an invitation to join us for our annual open house in the mail soon, but I wanted to let you know personally that the party won’t be the same without you, so please do come if you can fit it into your schedule. Hope to see you on the 20th!

So that’s the short list. Believe it or not, there are at least 10 more reasons for sending personal notes, so no excuses for not sending them out will be accepted! Just sit down quietly for five minutes, and I’m sure you’ll come up with plenty more of your own reasons to write charming notes to your clients and colleagues.

 

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,

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Inspiration vs. Motivation

Just a short thought of the day to ponder –

PictureWhen you’re inspired, you don’t need motivation as much. When you’re inspired, your internal “system” is touched to its core and it lasts for at least a year, or often a lifetime. When you’re motivated, it’s generally temporary, because only your ego or instinct is touched. When you’re inspired, you are more yourself. When you are motivated, you become excited about acquiring (greed) or becoming like someone else, such as a public figure or a celebrity. You are cranked up, but your enthusiasm fades when you’re out of the motivating environment or relationship. Motivation is an external, temporary high. Inspiration is an internal glow.

 

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,

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The Forces Behind the New Business Models

The following issues represent the new issues behind business formation and creating hyper competitive business models of the future–in my opinion.

  1. PictureAggregation
    Mainstreaming of “demand aggregation” where aggregation is no longer supply-driven. In new models, giving things away first aggregates demand and then demand is exploited.
  2. Knowledge Worker Productivity
    The critical issues to being able to leverage your organization’s core competencies in real time. If you want to optimize your enterprise–start here. Peel away everything and allow your knowledge intensive players do what they do best–more of the time.
  3. Networks
    The knee bone is connected to the thighbone is connected to the hipbone. Every form of network will become self-enabling to contact, communicate and share information with other networks, forming a vast complex global brain–nothing new here. However what will be…are the things that the networks will create–intelligence –networking intelligence.
  4. Complexity
    Incredibly simple. Layers and layers of technological complexity have created… layers and layers of all forms of complexity. A simple gas pump talks to our car while we refuel and the data is downloaded to a database that triggers service, marketing and additional complex transactions–never before imagined.
  5. Connectivity
    Everything we do will be recorded, catalogued and “served-up” from everything to our toaster, automobile, our children’s progress in school–to real time appliances that work in the background to make decisions for us. We will be constantly in contact with anyone and everyone–even those we choose not to be in contact with.
  6. Value
    Value will direct everything! People will jump brands, organizations and friends for higher value in their lives. Reducing risk will be a moniker of perceived value.
  7. Self-Leadership
    We used to rely on organizations to provide leadership to the masses and since the organizational structure has now become fluid and ubiquitous through connectivity, self-leadership will pervade all growth and adaptability–in fact, it will become living leadership.
  8. Learning
    Kind of tongue-in-cheek here, but learning competency will far exceed our ability to know, as one requires investment and the other requires ability.
  9. Light Speed
    Not only because light offers increased bandwidth for data movement, but also that things in the environment will literally change before your eyes–in real time.
  10. Personal Customization
    It follows with our ability to transform the environment through all of those connectivity issues, it is clear that we literally will customize every experience for the person involved–right before their eyes. Expect customized marketing, service delivery and communications, all controlled by ERM (Enterprise Relationship Management) Systems and inter-developmental databases

 

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,

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The Don’ts of Personal Notes

 

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  • Don’t use a personal note as a sales letter. Use letterhead for sales letters, and personal notes for personal notes.
  • Don’t send cards with preprinted messages and blank spaces for the recipient’s name and your signature. It looks horribly bulk mail-ish, and completely contradicts the connotation of the personal part of your personal note.
  • Don’t use a postcard without an envelope. It’s the envelope that makes your note so precious, and a folded card inside is best.
  • Don’t limit yourself to your company stationery. After sending two of those to the same recipient, it begins to look like your marketing strategy and not a personal impulse prompted your note.

 

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,

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5 Website Secrets

Picture1) Remember that you can have the most incredible website in the world, but, it is TOTALLY WORTHLESS if you do not DRIVE TRAFFIC TO THE SITE.

2) The primary purpose of a branded website is to VALIDATE YOU by giving the visitor a ‘place’ where they can learn all about you in a controlled environment and on their own time.  Consider it an electronic brochure on ‘you’.  The site should be ‘clean and professional’ as well as easy to navigate.  Avoid ‘artsy’ and ‘cute’.  Let the site talk about you.

3) You want to do as much as you can to KEEP THE VISITOR IN YOUR SITE – don’t let them ‘link’ out.  For instance, if you have a link to a City Government, Chamber of Commerce or the many other ‘seeming innocent’ sites – INCLUDING Realtor.Com and your Franchise Brand, remember that most of these types have search engines WITHIN their site that could lead YOUR VISITOR to a COMPETING AGENT!

4) I DON’T recommend that you post ‘your’ listings on your site.  Either give your viewers access to ALL LISTINGS or NONE.  Today, there are services where you have the capability of displaying ALL LISTINGS in your MLS.  If you are going to provide ‘inventory’ for visitors to see, you are serving them better if you show ALL LISTINGS – not your handful of personal listings.

5) When you are ordering or designing your site, avoid INTRO’S (sometimes referred to as FLASH INTROS).  Most viewers want to ‘get to the meat’ and want to avoid ‘cute’.  Also, if the viewer is at work, they typically have their sound turned down and can’t hear anything.  There are many people out there who want to take your money by selling you sizzle, but, at the end of the day, your viewers want STEAK (content).

 

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,

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Session Description -

linkImagine a marketing program that would net you 2 closed transactions per person in your database. How about a program that would allow you to average a sale for every $25 you spend in advertising or marketing? Do you want to discover the secret to leveraging your farming efforts to only hit those who will lead to business and eliminate those who are just a waste of time and effort? How about a program that will lead you to dramatic returns and business increase in the next 12 months regardless of market conditions?

Join us to learn how to develop a successful B2B marketing program that will allow you to leverage your ROI and market smarter vs. just working harder for diminishing returns.

Click on the Marketing Module button to check out this week’s Mastery Coaching Marketing Module.

 

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,

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Money

PictureAlmost all of life has a financial aspect to it. The surplus of it adds to your possibilities through opportunity and the laws of attraction. As they say “The rich get richer…” It’s true, but not because they have money. Money is a by-product of the way they think. If you change your thinking, your habits will change, your habits change and your account balances will take a turn for the better.

· How is your financial situation?
· How stable is your income stream?
· Do you live within, at, or beyond your means?
· Are you a natural saver or a habitual spender?
· How much credit card debt are you carrying?
· How much money is enough for you?
· What actions could you take that would double your current salary or profit?
· What mistakes do you seem to make with money?
· How much of a priority is making more money?
· What holds you back financially?

 

 

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,

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How to grow in a declining market

“The only way to know the limits of the possible is to venture into the impossible”

PictureLet’s talk for a second about the glass ceilings we all reside with to some degree or another.  Those expectations that we set for ourselves and willingly live under.   

Have you ever seen one of those agents who run their business in a way that is obvious to everyone around them that they just don’t know better?  I got into the real estate game during the depths of the last cycle.  Real Estate was on it’s head and the country was suffering from a recession.  My area in particular was very hard hit with the liquidation of the defense industry and the demise of the Savings and Loans.  There were tens of thousands of white collar – high income folks that were out of work and the banks taking back properties in spades.  I jumped into residential re-sale at 22 years old with a wife at home, 2 kids – 2 and under and another on the way. 

After my two week obligatory – “everything you need to know about how to be successful in real estate school” – I went to work.  Fortunately, I didn’t know then what I know now.  It was September and I had mouths to feed, I didn’t know that it was the slow time of the year.  I don’t believe there is much special about me or my ability.  I am just willing to learn and work.  I didn’t have a glass ceiling; I just had kids who were hungry and a beautiful, loving wife that was getting frustratedWhile everyone else operated from what they had seen and experienced as possible, I operated from what I needed to be possible.  Within 3 months I was the #1 producer in the office and #2, #3 and #4 combined were trailing my monthly totals.  I’m not saying that to brag, far from it.  I stumbled across most my brilliant ideas through trial and error. 

I’d like to challenge you to suspend your disbelief for the next 90 days.  Hold your judgment about what is possible and go to work like your life depended on it.  Forget the news, the bad reports and the forecasts by the experts.  If the nation and your area want to have a recession, let them.  You can choose to not participate.

 

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,

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Secrets to Successful Branding – The Law of Publicity

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 is the Law of Publicity
Most of us have been taught that we need to advertise ourselves to become successful. In a counter intuitive twist,3 the birth of a brand is achieved with publicity, not advertising. Most marketersconfuse brand building with brand maintenance. Not only is PR more effective, it is far cheaper than running the advertising machine. When launching a brand we want to focus on creating buzz. Be audacious, be out there, be true to your core message but swing for the fence. They don’t build statues to those that sat on the bench and played it safe. Likewise, I have yet to meet a mega agent who has gotten there by playing it safe and trying to appeal to everyone.

I know of an agent who spent most of his waking hours pounding the living heck out of a geographical farm area. He had built a fairly large awareness of who he was and that he wasn’t going to go away. At Halloween he had his printer take his picture and make life sized paper cutout of his face and make masks out them. He then passed them the day before just in case people hadn’t landed on a costume yet. Dozens of kids used the masks and the neighborhood still talks about it years later. Did he alienate some? Absolutely, it by even the most liberal standards is audacious. Did it work? Yes, his market share went from 24% to 78% that year.

Leverage the power of Buzz and PR to launch your brand.

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,

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