As a real estate professional, I know you’re probably already on Facebook and Instagram. Everybody is.
But are you on LinkedIn? And if you are, are you using it to its fullest potential?
Here’s why I ask: Did you know that one in three business owners is on LinkedIn? One-third of all the businesses in your town are on LinkedIn.
The beauty of LinkedIn is that it helps you flesh out your own database—your CRM, your SOI—because it connects you to people from professions you’ve been in before. If you list past employers and say, “Hey, I’ve worked at these three companies,” LinkedIn will suggest people you might know.
You might look at that and say, “You know what? I do know that person. They’re not in my database, but I do know them.”
Now you can connect with them on LinkedIn, send them a message, get reconnected, and start a conversation. Then move them as quickly as you can into your SOI.
Think about alumni groups or colleges you’ve attended. All of these business-related connectio...
Hey guys, if you're a brokerage owner or team leader, I've got a strategy for you when it comes to recruiting, and that's what I call “Weakest Point Recruiting.”
You might say, what does that mean? Weakest point recruiting simply means this: I want you to look at your overall business today—your brokerage, your team. Most of us are pretty strong in residential resale. That’s the general core.
But what about other areas of the market? Maybe you're weak in land sales. Maybe you're weak in rural property. Maybe you're weak in waterfront, golf courses, condos, or commercial property.
I want you to identify two or three areas where your company or team is just weak—where you're not very strong in that market area. And I want you to look at this not as a weakness. I want you to flip it on its head and ask, “how can I turn this into an opportunity?”
Your opportunity is to recruit to your weakness.
Here’s what I’m going to do. I’m going to identify the top 10 agents in that niche who coul...
Let me tell you a story:
I had a friend of mine that had cancer a while back, and I was at a garage sale and saw this book all about the Mayo Clinic. It had a story in there about the Mayo Clinic, a study of 400 patients the Mayo Clinic had served, and these 400 patients had had miraculous recoveries from cancer.
I thought, “Oh, this is a great book to give my friend.” So I got it and gave it to them. I was telling him about the story—it was absolutely incredible.
But what was interesting about this story of the cancer survivors was that the one thing they all had in common wasn’t their treatment plans or some crazy protocol.
They all believed that they would get better.
Every single one of them had a 1000% belief that they would survive—and they did. They had miraculous recoveries that no one could explain.
So why do I bring this up? How does this relate to real estate? It relates in that your belief about the market matters, and your approach every day matters. If you come into...
Hey guys, there’s an interesting new study from 1000Watt. They studied 600 agents and asked them several questions about where they thought they were in their career.
A shocking number: 31% of these agents said they were actively considering making a real estate brokerage change—switching offices.
That number jumped to 53% for agents under the age of 35.
So when you hear that as a brokerage owner or a team leader, what should that represent to you? What I think it should represent is opportunity.
If you look at your entire market—maybe you have a thousand agents, maybe ten thousand—think about one-third of them are actively considering making a change, and 53% of that younger generation are actively considering it. Then the question becomes: What can you do about this opportunity? How can you get ahead of it?
The way you get ahead of it is by being intentional with your recruiting strategy—getting out there, having conversations, building relationships, and really showing your val...
I have a question for you. As a real estate agent, how topical are you?
What do I mean by topical? In other words, when you watch the news at night, open up your web browser, or scroll through social media, a lot of real estate news hits us. Because we’re in the real estate business, we see a lot of news that affects us.
If it’s really top of mind for you, guess who else sees that? All of your clients see that too.
So when there’s a topic that’s hot, and you see a lot of trending discussion around that topic, what should you do with it? Well, you should speak to it. You should put out your own content where you talk about your opinion on that specific topic.
I’m going to give you two examples that fall into that realm right now—topics there’s been a lot of chatter about, two proposals by the current administration. You can agree or disagree with them, but there’s still a lot of chatter.
The two proposals: 50-year mortgages and portable mortgages.
Have you heard the chatter?
This...
What do you think agents say is the number one consideration when choosing a real estate brokerage? I bet the default for many of you would be the commission plan. Most assume they’re always going to go right to the commission plan.
What if I told you that’s not true? According to a brand new study of 600 agents, they found that the number one thing driving the conversation about making a switch was technology—who is leading in technology.
So here’s a question for you: what is your tech stack as a real estate brokerage owner or team leader? Does your tech stack put you on a parity basis with the major players in your market, or are you inferior? That’s number one.
And then, do you have some advantages? Do you have things you’re doing a little bit differently?
Maybe you’re starting to use some AI in your business. Maybe you’ve created some lead-flow opportunities. Maybe you’ve created playbooks and plugged technology into them to make that technology really work for your agents.
So...
Hey guys, new study from Harris Interactive—interesting study—found that every American knows four people who are going to move next year. I want you to put that in perspective.
Let's say you're a real estate professional and you have just a hundred people in your database. You might say that's not enough to make a living. The reality is those hundred people know 400 people who are going to move.
What percentage of those would you need to have a complete transformation in your career? To actually 10x your performance from last year?
So then the question is: if that's true, how do I get my arms around that business? What am I missing? What am I doing wrong?
I'm going to give you two things you're doing wrong...
First one is going to be hard to hear: people don't look at you as referral worthy.
What does that mean? It means when they look at you, they're thinking, “I don't know if I could trust him or her with a referral,” because they don’t know you're a hardworking agent.
Why do...
Why do agents stay at a company rather than leave and go somewhere else? Forty-three percent of agents report the number one reason they're loyal to their current company is not their compensation plan. In fact, only 13% rate their compensation plan as the number one reason they're staying.
Forty-three percent rate the culture at the company—the culture, the vision, and the leadership of the company they're working at—as the number one factor for sticking around and staying loyal. So think about that from your perspective as a brokerage owner or team leader.
What’s your culture like when somebody comes in? How do they feel about working in your environment or office space? Does it feel like a family? Does it feel like you’ve got esprit de corps, you're having fun, you're energized? Is it a fun place to be with a shared vision of what you're trying to build? Or do you not have that?
If you don't have that, you're at risk of losing people to other firms that have a better vision, bett...
What’s your response when the buyer says to you, “I think we're going to put a pin in this right now. We're just going to wait and see what happens with the market.”
Your first response should be, “Hey, totally understand. Let me ask you, what do you see as the advantages to waiting?”
Dig deeper. Figure out what's going on in their heads.
Most of the time they're going to say that they’re waiting for interest rates to drop or prices to fall.
When you hear that, what are you going to do?
You could say, “Well, we'll wait and see with you,” and then follow up in six months. But if you do that, they'll end up signing up on some lead form, getting captured by another agent, going to an open house, or being connected with someone else through a referral, and you're probably going to lose them.
That's the reality.
So instead of doing that, here's what I'd recommend.
Say, “Hey, totally get it. Waiting for interest rates to stop seems like a safe bet, seems like the wise decision to mak...
As a brokerage owner or team leader in charge of recruiting, where is the number one source of recruits for your team or office? Where are you going to get the most recruits?
It’s an interesting question, right? You might think it comes from video, cold calling, sending texts, video texts — all the things we talk about in recruiting. I’m going to tell you: all those things play a part, for sure.
But the number one recruiting source for brokers and team leaders across the country comes from one area: referrals from your current team.
Just like agents, whose number one source of business is their SOI — their Sphere of Influence — our number one source of recruits is the same.
It comes from your own version of an SOI: your agent body.
Now, what if your agents right now are not referring more agents? You might ask, “Why aren’t they sending me agents?” That should be your number one source of recruiting. Why aren’t they doing it?
A few reasons:
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