| Can We Be Honest? | ||||||||
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“In a sea of other REALTOR® faces, what do you do to stand out?”
I won’t try to help those that work in real estate part-time here. Honestly, the kindest thing you can do for the field and your clients is to get out of the business and stop pretending. It’s not that you aren’t a great person, that Jesus doesn’t love you or anything, it’s just that both your family and your clients deserve better. Nor am I trying to help those who are content doing a transaction every few months and call real estate home because they need a social outlet. Again, there is room in the world for these fine people, we need those that have perfected making coffee and will work the up-desk in the office. But for those who really want to win and make real estate your profession and business, command of market share is not a luxury but a necessity. 90% of the market is controlled by 10% of the agents and it is not by happenstance. When all else is boiled away, the real estate business is dominated by those who understand how to market themselves and are willing to invest the money to do so. Yes, those that prospect can do well, but those who understand marketing create the rules and leverage them in an unfair way to work toward their advantage. In today’s marketplace the “I’m number 1″ is quickly losing ground to the values based marketing message. Authenticity is starting to rule the day and our consumers are demanding a level of transparency in light of the collapse of the major institutions that have ruled Wall Street for the last few decades. Real Estate and the world in general is becoming far more consumer centric which is a very good thing. And those at the top of their game should be taking a look at refreshing their marketing and business before the next cycle takes hold. Now is the time to be making those changes, not when business picks back up and the cash flow is strong. The best place to start when looking toward your next marketing makeover look to connect to your perfect clients through those things you care most about and the values you hold most dear. When your business is based in those ideals you won’t have to fake it, you’ll love waking up each day and you will build a business that will never be in need of clients.
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| PS. Have you seen our individual agent and team program that combines coaching, advanced marketing strategies with hundreds of pieces of personalized print ready marketing collateral, specialized training, and all the tools you need to get into the top 1% of agents nationwide? Check out YourRECoach.com for more the details. | ||||||||
| Recommended Reading – | ||||||||
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I’ve asked this question countless times to agents across the country and I am constantly astonished with the answers I get. Some reply that they give great service, some always wear a hat, some do coloring contests in their geographic farm. But most, just look like a deer in headlights, shrug their shoulders and stare at their shoes and mumble “I don’t know.” 
have become more and more in demand. Strong negotiating and closing skills are ever important in today’s market climate. No longer can we simply make our clients feel “warm and fuzzy” about the experience. Character must be saddled with competence. As the DNA agent dies (those who did deals solely with those related to them), the pros gain market share. The foundations of fortunes are made in down markets.
When working through a client’s objection try using the FEEL, FELT, FOUND sales skill. It can be used whenever a client objects to anything like higher than expected HOA or fear of “The Bubble”. It goes like this…
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.”
Sell the skills you have, not your service. I see so many agents convey the great services they offer; only they fail to recognize most agents offer the same service. Rather than sell your services, try selling “your skills.” In an industry where being unique is very difficult, sometimes expensive and seldom achieved, I think selling your skills may be much easier.
One company I am working with has an agent average of $7.6 million in sales with an average commission of 2.3%. That’s $54,822 short of a full 3% per side per agent.
I would dare say that the vast majority of people would consider themselves honest, ethical people. In fact, I was in a room of 500 top producing agents when the speaker asked who in the room felt they had integrity. 98% of the room raised their hands. When asked to lower their hand if they had ever lied to themselves or made a promise, resolution or goal and not kept it all the hands went down.