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READY, SET, GO! OOPS!

By
Education & Training with Alan Kells School of Real Estate/Howard Hanna Real Estate

READY, SET, GO!  OOPS!  Not so fast. 

Where am I going?           How fast do I have to run to win this race?

Athletes compete with each other and with themselves.  Some athletes have trainers and coaches who set up their training regimen and work with them to set goals and guide them along the way. 

Real estate sales is very similar and many successful sales people were former athletes, but too often the goal gets a bit fuzzy.          MY GOAL:      I WANT TO MAKE LOTS OF MONEY  

                   MONEY                              

How much money?  Time frame?  What do I have to do to make money in real estate?  Sell lots of it, right? 

Where do I start?    First and foremost, goals need to be commited to paper in a way that is clear, straightforward and understandable.  Then the written goals need to be shared with at least one other person who will hold you accountable as you work toward reaching them. 

Second, and just as important, Set goals that meet the SMART criteria of Specific, Measurable, Achievable, Realistic                                                        and Timed    

                                                 

  • Specific  For each goal ask yourself the five W questions:  Who, what, where, why, when and how????  Be specific about the steps that need to be taken to reach your goal as you answer each question.  Where will I find buyers & sellers?  What do I need to do to turn customers into clients? How many people do I need to work with to reach my goal?  How many calls? Appts?
  • Measurable How much money do I want to make this year?  What is the average sales price in your market area?  What is the average commission per sale?  How many sales do you have to make to reach your goal?
  • Ambitious, but achievable  Goals need to make me stretch beyond my comfort zone.  Goals are a Call to Action that motivates me to get up each day without an alarm clock, set my own schedule and work until I have met the goal for the day.
  • Realtistic  Realistic goals take into account all aspects of the market and the agent's background and previous track record and training.  Keep in mind that unrealistic goals can easily derail even the most motivated agent.  EX:  Wanting to sell $50,000,000 in small town USA where the last ten years only averaged $28,000,000 in total sales for the entire area is not realistic. 
  • Timed What is the time frame for reaching my goal?  Break long term goals into interim goals such as quarterly, monthly, weekly and daily goals.  I need to know what my goal is today, tomorrow and tomorrow and tomorrow . . .

                                                               

The last word:  Review  Written goals are only worth the piece of paper they are written on unless I review them frequently both by myself and with my manager/coach.  (I can remember days as an agent when my goal was to make X number calls to past clients.  If the day got really busy with other things and I had not made the calls, I stayed until I made the calls.  Later as manager I met weekly with new agents to review goals.  Week after week I heard the same song & dance (excuses) from one bright agent.  Finally one Monday he came in with not one sale, but three.  He proudly stated that he couldn't stand to come in one more week with an excuse so he worked all weekend to meet his goal.)

       Set SMART goals and work diligently each day to make them a reality!

 

 

 

 

Posted by

 ***************

Mary Yonkers

 

      I thought about a Real Estate career for 11 years before I made the decision to get my Pennsylvania Real Estate license in mid-80's.  

      Thirty years later I can say affirmatively that Real Estate has been a fantastic career. 

      Come join me in class soon. Mary Yonkers, Real Estate Instructor

 

With so many homes for sale in Erie PA, this is the right time to begin your career as a Real Estate salesperson in Erie, PA.

 2018 Alan Kells

 

 

 

www.alankells.com

Mary Yonkers, Real Estate Instructor

 

 
 Mary Yonkers Howard Hanna Real Estate Services in Erie, PA

          Office:  814-835-1200 or Cell:  814-881-7548

Real Estate Classes Alan Kells Schools of Real Estate in Erie, PA  1-412-967-0240 

Real Estate Career in Erie, PA  1-814-835-1200

 

Comments(6)

Heather Chavez
Second Self Virtual Assistance - Caldwell, ID
Real Estate Virtual, Assistant (928) 692-3235

That's a SMART post, Mary.  I especially like that the one agent worked hard all weekend to make sure he didn't come in empty-handed on Monday.  I guess you have to find your motivation wherever you can.

May 26, 2009 12:11 PM
Mary Yonkers
Alan Kells School of Real Estate/Howard Hanna Real Estate - Erie, PA
Erie/PA Real Estate Instructor

Heather--You are so right.  It is good to see you here today.  Did you hike this weekend?

May 26, 2009 12:29 PM
Betina Foreman
WJK Realty - Austin, TX
Realtor, C.N.E., with WJK REALTY

You have to have a plan and work that plan consistantly. Great post!

;)

May 26, 2009 01:17 PM
Blowing Rock Real Estate Boone Real Estate
Blowing Rock Investment Properties - Blowing Rock, NC

Great post, I am so bad about not doing this, thanks for the inspiration...I've bookmarked this post to read again later.

May 26, 2009 10:45 PM
Russel Ray, San Diego Business & Marketing Consultant & Photographer
Russel Ray - San Diego State University, CA

Does committing goals to an Excel spreadsheet count as commiting them to "paper"? LOL

May 27, 2009 01:05 PM
Mary Yonkers
Alan Kells School of Real Estate/Howard Hanna Real Estate - Erie, PA
Erie/PA Real Estate Instructor

Russel--Definitely, Excel spreadsheets counts. It is recorded.  Now to the next step:  Have you shared the spreadsheet with anyone? 

Meris--Fortunately the broker who trained me insist on written goals with regular reviews.  Good luck.

Betina--You are so right.

Thanks everyone for your comments.  Good luck reaching your goals.

May 28, 2009 02:14 AM