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3 Impactful Activities to Supercharge Your Real Estate Business During Downtime

           

Hey everyone, have you ever found yourself in a lull, wondering how to make the most of your downtime? Well, I've got three impactful activities to supercharge your business during those quieter moments.

Let's delve into them:

Step #1 - Cleaning and categorizing your database.

It might not sound glamorous, but trust me, this is the foundation for success. Your database is like a garden, and nurturing it ensures fruitful outcomes. Get in there, organize it, weed out the unnecessary.

Begin by categorizing contacts into groups:

The A group: those who refer you business, your champions.

Then the B group: They've transacted with you but haven't referred yet.

Acquaintances form the C group: They know and like you, but haven't done business or referred.

Lastly, the D group: Reconnect with them or let them go. Don't keep dead weight.

Maintaining momentum, let's talk about building your database. The game has changed with...

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2 Questions to Ask Buyers to Separate the True Buyers from the Time-Wasters

           

I wanna give you two questions you should ask every buyer to test whether they're actually ready and willing to move forward in the process.

Your time is your most valuable asset. You don't wanna be spending it with people that are not ready to pull the trigger. So one question you can ask is this:

“Hey, you know what? The way I work is very low key. I never wanna pressure anyone. But I do have a quick question for you: If we find you the right house, the one that really clicks all the boxes for you, is there anything holding you back from moving forward?”

Now, that's a great kind of pre-close question that you can ask in advance before you go out and start looking at homes.

And here's another one:

“One question I ask everybody I start working with before we start looking at homes is, what's your biggest hesitation? What's your biggest fear about this home buying process? I wanna make sure I...

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Proof You Don’t Value Your Time (And How To Fix It To Make More Money In 2022)

       

Here's an interesting question for you coming into the new year:

How many clients did you fire in 2021?

If the answer is zero, then that tells me as a coach that you don't take your time as seriously as you should.

You see, we all have a value of our time. And we can all figure it out quickly. We can take the 2000 hours an average agent works for a year and divide it by our gross income for last year. And you'll know exactly how much you're making per hour.

So if you made $100k, for instance, divide it by 2000, and you made about $50 per hour. If you made $200k, then you made about $100 an hour and so on.

Let's say that you're at the top, you know, you're doing $200k-$300k a year. Meaning, your time is worth $100-$150 an hour, which is very true for many of my coaching students (and even far more than that), but they're not saying "no" enough.

Here's what I mean:

If you have somebody that's wasting an hour of your time and your...

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5 Time Management Tips to Maximize Your Productivity

 

You’re on the right track, or so it seems, you have defined your career purpose, set up goals in line with your purpose and you have even established a daily priority plan. Now effective time management should just take care of itself, right? 

Wrong! Because as you become more productive you may find that inevitably you will be forced to make choices. Choices that when made properly will lead you to even greater heights, or when made poorly will lead you to a career crash. 

Jane for instance is a good example. Jane is a composite character made up of thousands of real estate agents from around the country. Let’s look at Jane’s career: 

Jane has recently made some huge changes in her career, these changes have supercharged her prospecting skills and her presentation skills - so now several things are happening to her that have never happened before. First she has too many clients, so she feels pulled into many directions at once. Second she can feel...

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Are You Over Scheduled and Underpaid?

Are you over scheduled and underpaid? 

During a recent podcast on Inspired Forward my friend with host Dan Trinidad we discussed some of the biggest mistakes we’re committing that makes it hard for us to have fulfilling personal lives and the best business we can have? As well as how we can build wealth so that we don’t have to stay in production longer than necessary? 

Three Things We Learned From This Episode

  • We won’t always find alphas to hire, but we can train and coach
    Alphas are quite rare. Most people aren’t, so when we hire them, we have to help them, coach them, educate them to reach their full potential.

  • Build your business around your life
    This is business planning season, and as we think about how 2020 is going to look, we have to start with our lives, families and personal goals. After that, we can add our business goals into the picture, and create a system that allows for more balance in our lives. 

  • Financial freedom helps...
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Three Reasons Why You Should Never Say You Are "Soooo Busy"

 

We have all said the words "I am soooo busy!"  

But is this the best response when someone asks you how you are doing or how is it going? No, in fact there are three key reasons why you may want to avoid using this language when talking with your sphere of influence, your clients, or even a family member. 

1) Bragging - If you are busy and the person you are talking with isn't they may feel inadequate or even embarrassed about their level of success. This can cause disconnection or even professional jealousy. 

2) Bothered - Because you are "soooo busy" some clients may decide not to burden you with more referrals or even direct real estate business. Many real estate veterans have had clients tell them "I just didn't want to bother you." Don't let this happen to you!

3) Disorganized - Often people who are overwhelmed, chaotic, or say that they are "soooo busy" can come across disorganized and out of balance.  This can be a turn off for clients who want an...

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Longer Hours, Shiny Objects, and Parkinson Law - Plus Teddy Roosevelt!

 

Does working a 70 hour work week create more productivity? Watch and learn what a recent Stanford University reveals about working longer hours (it's not what you expect). Also learn how a time trap - Parkinson's law - can destroy a real estate agents productivity by zapping your time, energy, and resources (and what to do about it!) 

In addition learn how one of our most famous and revered Presidents - Teddy Roosevelt approached life, projects, and decision making. His simple advice can transform you from focusing on every shiny object to being completely present in the moment by being resourceful, focused, and creative. 

Finally learn the one question you should be asking every time you close a transaction that will unlock the door to exponential improvement in your business. 


Are you ready for a real estate coach? Explore Mastery Classes that can help design the career and the life you deserve including:

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What Are You Changing in a Changing Real Estate Market?

 

In many areas of the country agents are reporting a shifting market, this is natural and normal as the real estate market is always dynamic, but it does bring up an interesting question...

What are you changing in a changing real estate market? 

As a 30 year veteran of the real estate industry, with many ups and downs along the way, I have three key actions you can all take to stay at the top of your game.

Watch this video to be strategy driven and not market driven! 

 


Are you considering a real estate coach? Take a minute and explore our Mastery Courses for Realtors. These On-Demand Courses include video content paired with instant action downloads at an affordable price point. Click here to explore taking your career to the next level. 

About the Author

Jim Remley is a nationally recognized expert in the field of residential real estate. Entering the real estate industry at the age of 19 he began an unlikely rise from college drop out to...

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