Archive for January, 2010

This Week’s Master Mind Group



  Virtual Master Mind Group  
     
 

MasterMind

The Mastery Coaching Mastermind sessions are a roundtable to discuss ideas and tools for making more money, making it faster and with less out of pocket investment.

The topics rotate on a monthly basis (here’s the schedule) and the only requirement for participation is to come ready to share at least one fantastic idea.

Each group is limited in size and the topic will rotate monthly but will remain the same each session during the month. 

For example – February’s ‘s topic is "Listing Presentations" but that will remain the topic throughout February.  You can choose to participate weekly if you so desire or you can pick a different week (the first, second, third, or fourth) to plug into monthly. 

Each meeting will be different based on the nature of interactive Master Mind groups, but should have a similar theme woven throughout. 

This week’s Mastery Coaching Master Mind group will be this Tuesday at 8am-9am (PST) via a virtual meeting at the following link -

https://www2.gotomeeting.com/join/998472859

You can use your computer microphone and speakers via VoIP (a headset is recommended). Or you can call in using your telephone at – 213-289-0010 with access code: 998-472-859

Due to the limited nature RSVP’s are required.

RSVP if you haven’t already for this weeks session at RSVP@Mastery-Coaching.com

 

 
  Chris Pollinger, Mastery Coaching  
         
         
  Did you miss a session? You can access the archive via – www.mycoachingspot.com  
         
         
         
         
  Copyright 2007-2010 – Mastery-Coaching.com and Chris Pollinger – ALL RIGHTS RESERVED.  
     
 

 





  Tool of the Week – 8-week Promotional Plan for a Live Seminar Event  
     
 

PictureNeed help with Event Planning?

Personal events are a huge boost to any business, whether it be an annual Christmas party, fall investment seminar or a simple SOI gathering.  Here is the step-by-step plan to make sure your event is a hit. 

To download this week’s tool click here

 

 
  Chris Pollinger, Mastery Coaching  
         
         
  Recommended Reading –  
         
         
 
 

 

 
 
         
  Copyright 2007-2010 – Mastery-Coaching.com and Chris Pollinger – ALL RIGHTS RESERVED.  
     
 

 



Marketing Smarter vs. Harder



  Marketing Smarter vs. Harder  
     
 

Every once and a while I come across something that is just too good not to share. Dean is a fellow Master’s Program Graduate and is the CEO of one of the finest Ad agencies I’ve ever been exposed to. I received this article last week from him and thought it dovetailed into the branding series I wrapped up this last week. I hope you enjoy Dean as much as I do -

In today’s economy, the mindset of spending money on marketing seems to be like the mindset of going to Las Vegas. Pretty risky. The only difference is that going to Vegas means there’s a good chance of having a great time.

On the marketing front, however, there is hope. Lots of it if you market smart. Here are a few tips.2

First, realize that during a down economy, people typically clam up their advertising dollars. The result is less ad saturation in your marketplace. The opportunity is that your advertising now has a stronger chance of being seen. Also, the perception of those companies advertising in a down economy is of a strong, confident company. On top of that, customers typically experience bad customer care because most companies are downsizing, causing inefficiencies. Hence, those who are mistreated may be looking for a new provider during the down times and lo and behold, there’s your ad. The time to pick up market share is not when the economy is thriving, it’s when it’s choking.

In your initial ad planning stage, take an honest assessment of the advertising vehicles you’ve used in the past. Often, there are a couple of advertising methods that worked pretty well. For some strange reason, every client we talk to has one or two of those tactics they stopped doing because they got too busy from the inquiries generated by advertising. Whoops!

Next, if you are planning any new advertising methods, evaluate them diligently. Your advertising rep should give you an advertising/cost rationale, and you should be able to talk to a couple of their non-competing customers to see if the advertising is pulling. If they say you can’t have testimonials, run, don’t walk, away from the pseudo-opportunity.

During the down times, the phone is your friend. While people are spending horrific amounts of cash on untried tactics, others are getting on the phone and making those cold calls. FACT: 100% of those clients we told to increase their phone work reaped tremendous success. And the phone is cheap by comparison.

If you’re using direct mail in these lean times, make sure your database is up-to-date with current names and current addresses. This will minimize the waste and maximize the penetration of the campaign. And don’t forget to mail to your existing customers.

Public Relations is another under-utilized tactic. Press releases about news relating to your industry, in essence, are free advertising. The right story in the right publication can help reel in new business. Remember though, it must be newsworthy and relevant. Editors get inundated every day with hundreds of press releases, so don’t send in junk press. Also, use the media to get published, like I am. I’ve gotten a few calls, and plus, it makes me feel famous, like Tom Cruise.

1If you like to speak in public — the number one fear of human beings–have at it. It’s very effective. Relevant presentations in your area of expertise can be a tremendous method for generating more business and building your reputation, especially if you get in front of the right people.

Please don’t invest money into your Web site thinking that if you do, more business will come. Your Web is, in essence a store, and you have to drive people to it with advertising, just like a store. The most cost effective way to drive people to your Web site is through viral marketing and Search Engine Optimization.

Image ads and brand building agendas have to go by the wayside during tough times. Direct response ads, where you’re offering something substantial, must be the consistent discipline. Think about it. Would you respond to an ad that offers one piece of free dry cleaning for every 50 pieces cleaned? Or would your respond to an ad offering every third piece free? Make it compelling.

Always ask for referrals. This is the most commonly overlooked marketing vehicle in existence. It’s also a practice that thrives with those who have a system to remind them to do so. If you could get one new client per week by asking for referrals, that would be 50 per year, or 500 over the next 10 years. Not to mention the incoming referrals that just come with great service.

Finally, let’s not forget intestinal fortitude. During down times, people think that working at the usual pace will do. It won’t. Many stress out, check out, and think things will change by themselves. My dad use to say that in business, you have to grow just to stand still. Slow economies dictate that you not only work smart, but that you take your commitment disciplines and your attitude to a whole new level.

 

 
  Chris Pollinger, Mastery Coaching  
         
         
  Recommended Reading –  
         
         
 
 

 

 
 
         
  Copyright 2007-2010 – Mastery-Coaching.com and Chris Pollinger – ALL RIGHTS RESERVED.  
     
 

 



What WAS his name???



  What was his name?  
     
 

Do you struggle with names?  This has personally plagued me for years and is a constant struggle in a people business where we meet new potential clients on a daily basis.  However, I also know that there is no quicker way to impress someone than to remember their name, especially after a long time has gone by.

Here’s a tip from a memory master (and yes, I paid dearly for a seminar that I am boiling down to a 30 second post because I am all about, say it with me, helping you make more money, make it faster, and with less cost). 

Here you go with the tip -picture

Use the SAVE method:

S – Say name 3 times when first talking to them

A – Ask a question about the name

V – Visualize a memory hook.  If their name is Lake, visualize them swimming in a lake

E – End the conversation with their name

You won’t believe how well this little tip works when we put it into play. 

 

 
  Chris Pollinger, Mastery Coaching  
         
         
  Recommended Reading –  
         
         
 
 

 

 
 
         
  Copyright 2007-2010 – Mastery-Coaching.com and Chris Pollinger – ALL RIGHTS RESERVED.  
     
 

 



7. Clarity:            The principle of “Clarity” is simply the amount to which your message is easily understood.  If your target audience is a broad one, then clarity will link every demographic within it towards a common purpose.  The father of clarity is brevity.  Most slogans which are easily understood and remembered are short yet impactful.  A perfect example is “A diamond is forever.”  Up to the 1820s, there were two kinds of people who owned diamonds; royalty and pirates.  That’s about it.  However, with the discovery of substantial diamond deposits in South Africa (at the time a British colony), the state-owned DeBeers corporation was able to consolidate 90% of the world’s diamond mines.  For the next 200 years, DeBeers embarked on a relentless campaign depicting diamonds as the ultimate symbol of love to the point where diamonds are now part of the marriage process itself. 

          However, the principle of clarity is not limited to phraseology.  It’s equally important to capture the intention of what it is you’re trying to convey.  A stunning example is Lee’s order to Gen. Ewell on the first day of the battle of Gettysburg.  Most people believe that the battle was lost at the conclusion of “Pickett’s Charge”.  Although dramatic, by this point the battle was already lost due to severe miscommunication on Lee’s part.  The Union Army entrenched itself on “Culp’s Hill”.  At the end of a bitter fight on day one, Lee ordered Ewell to attack and seize Culp’s Hill “if practicable”.  Ewell’s corps was exhausted and would have to advance through a virtual kill zone in order to get to the hill, so taking Culp’s Hill would be anything but “practicable”.  However, it was doable. Both men knew that if Culp’s Hill fell, Lee would’ve had a straight shot to Washington D.C. and been able to deliver terms to Lincoln and a war-weary North. 

          Information must be managed.  Clarity is further compromised when you attempt to deliver your message through other means such as a subordinate, memo, or email.  “Custer’s Last Stand” is an incredible demonstration of why, when it comes to life altering or significant events, we have to be the ones to say what must be said.  When Custer’s column (c. 200 men) encountered approximately 10,000 braves, he sent his messenger, Trooper John Martin, to contact his subordinate, Capt. Reno, for reinforcements. When Trooper Martin was asked for clarification, all he could say was that the Indians were “skeedaddling”.  John Martin’s real name was Giovanni Martini, who had recently emigrated from Italy to the US, and had a very poor command of the English language.  With no elaboration on Custer’s intention and having suffered a recent ambush, Custer’s reinforcements were unable to assist their commander to make an organized withdrawal.

8. Conviction:                At Mastery Coaching we’re convinced that when someone who is ordinarily competent and trustworthy gives a command which is not easily understood, chances are that individual is insecure regarding their decision.  Robert E. Lee had given hundreds of commands prior to Gettysburg which resulted in the humiliation of the Union Army for almost 3 straight years.  Custer was decorated for valor and skill during the Civil War.  But in each instance, what they were asking of their men was a gamble, and they knew it.  When someone wholeheartedly believes in what they’re saying, they find a way to get their point across succinctly and sincerely.  They may change their tune later, but if you’re motivated by something higher than yourself, your inner truth will come out with no need for packaging or “spin”. 

          Of course, your conviction must have a fertile environment for it to take hold.  It must last once you leave the podium.  What we’re talking about is resonance.  If what you say sticks in people’s minds, then you can be assured you’ve hit your target.  Pre-WW II Germany was not a nation of psychopaths driven by bloodlust.  They were a people who had to conclude WW I by signing a humiliating treaty which a) demanded crippling reparations to the Allied countries and b) contained a clause wherein Germany had to admit that it started WW I (which was false).  The first demand ensured that Germany would starve while the rest of the world experienced “The Roaring Twenties”, and the second demand ensured that the next generation of Germans would be eager to “set the record straight”.  This is not to excuse the German people of their deeds. This is simply to illustrate that anyone, if held down and humiliated (via their own perception), will buy anything, even rage and disgust.  Mussolini is still revered in some parts of Italy because for once “people slept with their windows open and the trains ran on time”.  It’s amazing what people will trade in for a sense of security and stability.

          It’s not enough to “know thy audience”.  It’s not even enough to know what their wants and needs are.  You have to ensure that what you stand for and what they want is congruent.  It’s no use trying to convert a buyer if they don’t want to buy.  However, if your gut tells you that they just need reassurance, then find out what that reassurance would be, such as stats, comps, referrals/testimonials, whatever it is, be prepared to provide it and also explain it.  It’s ok to change your tune, as long as you’ve changed your mind along with it.  And, chances are, if you say something quickly and clearly, you’ll also say it convincingly.

Are you the Director or the Actor?



  Are you the Director or the Actor?  
     
 

“In life, you are either moving in the direction you want to go or someone is moving you in a direction they want you to go.”Pictrue

Who do you let make or influence your decisions? 

Really, who has access to that area of your life?  Is it a spouse, a manager, a coach, or do you delegate all that important responsibility to the other agents in your office that spend more time making coffee than doing business?  I don’t want to be too harsh, but I can’t express how important it is to protect your core vision and motivation.

The “why” you do is far more important than any other factor.  The “what” you do can be formulated, changed and is in constant flux.  But “what” you do only make sense in the context of “why” you do.  If you aren’t designing your business with the end in mind, you’ll end up with a job in real estate that you hate instead of a business that you love because it provides for you and protects your core values.

 

 
  Chris Pollinger, Mastery Coaching  
         
         
  Recommended Reading –  
         
         
 
 

 

 
 
         
  Copyright 2007-2010 – Mastery-Coaching.com and Chris Pollinger – ALL RIGHTS RESERVED.  
     
 

 



Soft Heart, Thick Skin



  Thick Skin, Soft Heart  
     
 

PictureIn any sales game you have to develop thick skin.  It is a necessary skill for those who want to weather the storms and achieve success.  But there is another side that those who are masters of their craft have developed.  Yes, you do need to develop thick skin, but you need to couple it with a soft heart.  We need to care about others and engage.  Real Estate is, more than anything, a relationship business. 

Far too many wounded salespeople develop the reverse, soft skin and a hard heart.  They are distrustful critics that take everything personally.  They tend to complain and criticize.  They are life-suckers versus life-givers and everyone around them knows it.

Today, choose to develop the balance of thick skin and a soft heart.  Choose to master it – and you will never have to look for business again.

 

 
  Chris Pollinger, Mastery Coaching  
         
         
  Recommended Reading –  
         
         
 
 

 

 
 
         
  Copyright 2007-2010 – Mastery-Coaching.com and Chris Pollinger – ALL RIGHTS RESERVED.  
     
 

 



5.  Client Focused:     Trust us when we say that if you put the client first, everything else will fall into place.  However, understand that your communication and interaction with clients must be client-focused, not client-driven.  The two are often confused by well-meaning Realtors and other sales professionals who acquiesce to their client’s demands in the name of “good service”.  But here’s the deal; you know more about the industry you’re in than just about anyone else you know.  If you know this in your heart, than others will too.  There have been several times where I have literally told my clients; “You’re the boss, but I’m the expert, and you have to defer to that.”  I was able to say that because my clients knew that I was very honest with them, considered their concerns very carefully, and I legitimately put their needs ahead of my own.

            Believe it or not, people want someone to take charge of the sales process and that is what you must do from the onset.  No buyer has been in my car more than four times.  This is because I not only prequalified them financially, but also emotionally.  Buying a home is an emotional decision and you have to ensure that they’re in the right place.  I urge you to sit down with buyer prospects before you send them anything.  It displays commitment on your part and, since they’re taking time out of their day to meet with you, you’ve now been associated in their minds with the same commitment.  When you speak with them, don’t just take an order as you would if you were waiting on tables. Listen to their wants and needs and then probe their minds as to whether or not they’ve considered other options, where they’re headed in the next several years, what their hobbies are, even what their dreams are.  Get them thinking seriously about their decision and let them know that you’re not only going to buy them a home, but also a lifestyle.  The purpose of this interview is to establish rapport.  Create a relationship by helping them have a vision of the future full of hopes fulfilled.

            Once you meet with the buyers, the next immediate step is to have them call or meet with a lender. You need to let them understand that you’re serious about what you do and that they have to see what they’re getting in to.  If a buyer asked me why they needed to speak with a lender, I would tell them; “Because I wouldn’t want to compromise your expectations by seeing homes you couldn’t qualify for, or have you miss out on something which would be within your reach and you would really like.” Once they were pre-approved, I would set them up on MLS emails, but not the buyer version, the agent version.  Why?  Because it shows a) that you’re confident enough to know that they’ll stick with you b) you’re validating their concerns about honest representation, and c) you’re willing to give them something no other agent would.  It’s amazing to me how many agents will set up prospects on automatic buyer version MLS emails and hope that someday they’ll return their calls.  If you do this, you’re placing yourself on the same level as Realtor.com and your value to them will never be revealed.  Let’s face it, agents rank somewhere between lawyers and politicians when it comes to the trust factor.  There’s a tactful way to say just about anything.  Determine from the outset that, as I would say in my intro packet to buyers, “I’m not here to sell you anything.  I’m here to help you execute a decision you’ve already made.”  And finally, “client-focused” means you have to say “no” when they’re about to make a mistake or they want something they think they need.  Be honest enough to point out a property’s flaws, even if they don’t catch it.  I’ve even gone so far as to say “I don’t like this place.”, even if the buyers did initially.  By showing them that brushed chrome and granite countertops won’t make the freeway behind their home disappear, they got the fact that I knew more than they did and that I was willing to “blow” a sale for their sake.  And for your own sake, maintain your sense of self-respect by showing yourself that you’re not only an agent, but that you’re a guardian as well. 

 

6.  Edification:           “Edify” comes from the Latin word edifice, which means the erection of a house or a temple.  The current definition is “to instruct and improve, especially in moral or religious knowledge”.  At Mastery Coaching we like to say we help others do this because we know that people are incapable of changing others, we can only influence.  With that said, you cannot influence someone without first making them feel important.  In the communications classic “How to Win Friends and Influence People”, Dale Carnegie explains how the need to feel important is the primary desire of every human soul and how without it, we whither:

 

            “Some authorities declare that people may actually go insane in order to find, in the dreamland of insanity, the feeling of importance that has been denied them in the harsh world of reality.  There are more patients suffering from mental diseases in the United States than from all other diseases combined.” 

 

                Edification is not flattery.  It’s not complimenting someone either.  Any “improvement” mentioned in the definition above, requires truth, and the truth required before any improvement is made is inherently uncomfortable to your audience, if not hurtful.  Before they begin to believe that you’re another face in the crowd which doesn’t believe in them, attempt to find something, anything, about the person which has redemptive value.  Then, somehow tie it in to how the person can rely on this “something” to help them overcome the obstacle they’re facing.

            Prior to entering sales and coaching, I served as an officer in the Marine Corps and had the honor of leading Marines into combat during Operation Iraqi Freedom.  In the weeks before the invasion, our unit was relentlessly training across the border in Kuwait and spending its “off time” continually cleaning and maintaining weapons, vehicles, and radios.  I had one marine, Private Barnes, who would not “get with the program”.  Although enthusiastic and eager when he joined the unit, his performance had steadily declined.  When I heard that his absent-mindedness was manifesting itself in not bothering to maintain his gas mask, I knew that he needed immediate and severe correction.  I had Private Barnes report to me in my tent.  When he snapped to attention, I immediately put him at ease and walked with him away from my tent and earshot of everyone.  I said “Private Barnes, I understand that your father was decorated with a Silver Star for valor in Vietnam.  Is that correct?”

            “Yes Sir.”

            “I also understand that he passed away recently.  Is this correct?”

            “Yes Sir.”

            “What do you think he thinks of you right now?”

            “I don’t think he’s too keen on me Sir.”

            “I disagree.  I think he’s proud of you.  I think he’s looking down on you right now, hoping, in fact, ensuring, that you’ll do well out here.  Do you think you can live up to that legacy?”

            Barnes’ eyes moistened a bit, just a tad, not much.  He assured me that he could and that was the end of it.  I never had a problem from Private Barnes again, including in combat.  He never turned into a superstar, but at least now he was reliable.  No “rah, rah”, no appealing to God and country, no reprimand, no threats, not even encouragement.  I simply helped the marine remember who he was and where he came from.  The world is a harsh place, in Iraq and everywhere else.  If something needs to be done, and you need the assistance of someone whom you can’t replace, the only way to correct the course of the relationship from your end is to help the person understand that the relationship exists for a reason, and that without them, the reason will never manifest.  Barnes knew that since we were days away from crossing the border, he couldn’t be replaced.  He knew that his fellow marines needed him to be his best because their lives, including mine, depended on him.  He knew that being a marine was something few of us could be and that going to war was something that even fewer of us could deal with.  Somehow that knowledge had been buried and I knew that he wanted to be more.  All that was needed was someone to remind him.

            Edification, like buildings, lasts awhile.  They’re largely impervious to conditions, and can be improved upon to increase their value.  That’s the difference between edification and flattery or compliments.  Edification is based on unemotional facts which prove something.  These facts are not given to interpretation or manipulation because they’re based in truth, not feelings, opinions, or rosy optimism.  When I verified facts about Barnes’ recent past by asking him “is that correct”, notice I didn’t put question marks after the phrase because I knew that they were true.  I spoke to him in a calm yet unemotional manner.  I had no idea why Barnes was slipping and I didn’t care.  There was something more important than Barnes at stake and he had to be shown that what he was doing mattered.  In other words, he was important.

            Salesmanship is leadership.  Leadership is life itself.  And like life, if you are unable to take charge of the sales process, your performance will be dictated to you.  Another thing about life is that none of us can do it alone.  We need others.  And the best way to get out of a rut and become better people is to help someone else.  Try it, it works every time.  When you go to a listing appointment or give a sales presentation, you’re not applying for a job.  You’re creating a coalition, which is what leaders do.  And when you create a coalition, the best leaders among us focus on those who follow us.  Focus on others, specifically people you serve, and not only will they benefit, but you will as well.  And when you focus on someone, understand them by believing in them, even if they’re “unworthy” in your eyes.  After all, there was a moment in your life where you were made to feel unworthy by circumstances or individuals.  Be remembered for who you actually are, and help yourself by helping others.

Tool of the Week – Stress Index



  Tool of the Week – Stress Index  
     
 

PictureHow stressed out are you right now?

We all suffer from stress in life. Some is good, most is not. Use this tool to identify the areas in your life that are causing stress and where to focus your attention to alleviate it in the future. 

To download this week’s tool click here

 

 
  Chris Pollinger, Mastery Coaching  
         
         
  Recommended Reading –  
         
         
 
 

 

 
 
         
  Copyright 2007-2010 – Mastery-Coaching.com and Chris Pollinger – ALL RIGHTS RESERVED.  
     
 

 



Feelings Friend or Foe?



  Feelings Friend or Foe?  
     
 


“Nothing gives one person so much advantage over another as to remain always cool and unruffled under all circumstances.” – Thomas Jefferson

  

pictureYour feelings are not your friend.  They will get you in trouble more times than not. 

I’m not saying not to have them, just keep them in perspective.  If you get mad and rip into someone because you are angry or frustrated, you may feel like you won the battle, but you will have lost the war.  Don’t feel like prospecting?  Is it really better to go with that feeling, if you do where does it lead?  Most of us live on an emotional roller coaster, with our life, business and the service we offer our clients.  We do so at our own peril. 

Your feelings give color to your life, and they can be glorious and exciting.  They just shouldn’t dictate your actions.  As you paint the portrait of your life, your commitment and actions should provide the black and white outline of how you live while the color adds the vibrancy.  Reverse it and your life will look like a kindergartner’s version of the Michelangelo masterpiece your life was destined to be…

 

 

 
  Chris Pollinger, Mastery Coaching  
         
         
  Recommended Reading –  
         
         
 
 

 

 
 
         
  Copyright 2007-2010 – Mastery-Coaching.com and Chris Pollinger – ALL RIGHTS RESERVED.