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Real Estate Sales Training - The Words and Philosophy of Yogi Berra - Gimmicks Don't Work

By
Real Estate Agent with PREA Signature Realty - www.preasignaturerealty.com

Yogi Berra - Real Estate Sales TrainingWords and Wisdom of Yogi Berra

Over the next month, I will be taking a brief look at the words and philosophy of Yogi Berra as it relates to real estate sales training.  Prior installments of the Yogi Berra Real Estate Sales Training Series included:

The ninth installment of the Yogi Berra Real Estate Sales Training Series will start with the quotation "If people don't want to come out to the park, nobody's going to stop them."  Yogi Berra recognized that the key to filling the stadium is simply to put a winning team on the field.  In his book, Yogi Berracommented on Bill Veeck and the St. Louis Browns.  Bill Veeck was a great promoter and believed that he could draw fans to the stadium to watch a losing team with gimmicks and a carnival atmosphere.  Bill Veeck had all sorts of promotions from using a midget as a batter to fans making managerial decisions from the stands and much more.  In the end, the St. Louis Browns kept losing and moved to Baltimore in 1954 to become the Baltimore Orioles.  Yogi Berra also commented on the trend in baseball today to build new stadiums with luxury boxes and fan entertainment (not just baseball on the field).  His view on the subject was pretty clear - winning matters.  With over 3 million visitors per season, bad parking, neighborhood issues and no luxury boxes, the New York Yankees and Yankee Stadium are proof that you can be successful by putting the best team on the field.

Real Estate Sales Training

So, how does this Yogi Berra quotation relate to real estate sales training?  Well, Yogi Berra understood fans come to the ballpark to see great baseball.  A shining stadium can be a plus - but it isn't necessary to attract fans.  Here are some thoughts on how these concepts relate to real estate sales:

  • The Brokerage Office.  In Missouri, every brokerage has an office.  Some brokerages are in shopping malls.  Others are in high-rent districts.  However, in the end, the office isn't the determining factor in attracting and retaining customers.  Customers like baseball fans like to be associated with a winner.  So, applying Yogi Berra's philosophy, customers want the best possible product, including technology, good communication, experience, professionalism, and great customer service.  In speaking with new agents, they are often impressed by the location or address for the brokerage.  Truth be told, the training schedule for the brokerage and its commitment to its agents are more important than the location or quality of the finish of the office space when it comes to building a successful career in real estate.
  • Gimmicks Don't Work.  It always seems that real estate attracts people who believe that gimmicks are the way to generate business or sales.  For example, title companies offer donuts, pens and paper, etc.; lenders sometime offer joint marketing or technology; and, listing agents sometime offer agent bonuses or raffle like promotions like "sell this home and have a chance to win $10,000." As a Realtor, I don't base my decisions on title companies or lenders on "trash or trinkets."  I base my referrals on competitive fees, product knowledge and experience, and good customer service.  Similarly, I don't shop on commission or agent bonuses in deciding which properties to show.  In the end, what I want and what customers want is the same and can be boiled down to old fashioned, professional service.
  • Winning Matters.  In the end, you build a successful real estate career one sale at a time.  In baseball, it is never about a single game.  It is more about how you put together a string of wins over the course of the season.  There is no substitute for talent and hardwork.  The great hitters in baseball may have used steroids to enhance the level of their game.  However, they didn't make it to the major leagues by just using steroids.  That is, they made it to the major leagues based on talent and hardwork.  No amount of technology, back-office support, or advertising will create a successful agent.  To be successful, it starts with learning the basics.  These other items simply help to elevate your sales game after it is established.

For the unfiltered words and philosophy of Yogi Berra, take a look at When You Come to a Fork in the Road, Take It! : Inspiration and Wisdom from One of Baseball's Greatest Heroes by Yogi Berra and Dave Kaplan.  It is quick read and mixes baseball, business and Yogi-isms in a great little package. 

Interested in real estate sales training? Or, better yet, purchasing a home in Yogi Berra's childhood neighborhood known as The Hill?  Contact Ryan Shaughnessy at PREA Signature Realty at 314-971-4381.

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PREA SIGNATURE REALTY

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PREA Signature Realty is a full service brokerage located at 1709 Park Avenue in the Lafayette Square neighborhood of the City of St. Louis.  PREA Signature proudly serves the following city neighborhoods:  Lafayette Square, Soulard, Benton Park, Benton Park West, Downtown Loft District, Forest Park Southwest, Central West End, Tower Grove East, Tower Grove South, Compton Heights, Shaw, The Hill, Dogtown, Carondelet, Holly Hills, St. Louis Hills, Dutchtown, and the Other Historic Neighborhoods of the City of Saint Louis, Missouri. 

The opinions expressed herein represent the opinions of the author only and do not reflect the opinions of PREA Signature Realty.  All photos and written content were produced by PREA Signature Realty.  All Rights Reserved - PREA Signature Realty (2009).  This content may not be reproduced or reprinted, except for Active Rain re-blogging, without express written permission of PREA Signature Realty.

For more information, visit our website at www.PREASignatureRealty.com or contact Ryan Shaughnessy at 314-971-4381 or send an email to Ryan@PREASignatureRealty.com

Comments(37)

Bob Bloom
Keller Williams Realty - Vancouver, WA

You gotta love Yogi. Very clever how you built a whole program around this idea.

Jul 30, 2009 03:13 AM
David M. Childress
Howard Hanna Real Estate Services - Akron, OH
I would love to be your RealtorĀ® in Akron Ohio!

You built a great "hitch" to get readers, Ryan! I never pass up on a chance to get "Yogied. A genius that didn't know it for sure. Great points made with good humor, hard to beat for the average bear.

Jul 30, 2009 03:36 AM
Rita Fong
RE/MAX REAL ESTATE TODAY, Executive Broker 901-488-9590 - Marion, AR
Realtor - Marion Arkansas Homes for Sale

Hey, Ryan,  I absolutely agree about gimmicks don't work and it is all about hard work, and working on the techniques to make yourself a better agent to serve your clients.  Experiences help in transactions, we still need to provide excellent service to win our clients.  Thanks, great points!

Jul 30, 2009 03:36 AM
Gene Riemenschneider
Home Point Real Estate - Brentwood, CA
Turning Houses into Homes

Great post.  Yogism are a good teaching tool.  What it really comes down to is back to basics and getting it done.

Jul 30, 2009 03:42 AM
David L. Montgomery
MULAMONT REALTY, LLC - Pontiac, MI
David L. Montgomery

I like this one:

"It was impossible to get a conversation going, everybody was talking too much."

Jul 30, 2009 07:25 AM
Sharon Walker`
Profile Referral Systems - Lansing, MI

My favorite Yogi-ism is, "It's never over, 'til it's over."  A real estate transaction isn't complete until all the paperwork is signed. 

Jul 30, 2009 07:31 AM
Ryan Shaughnessy
PREA Signature Realty - www.preasignaturerealty.com - Saint Louis, MO
Broker/Attorney - Your Lafayette Square Real Estate Partner

Steve - Thanks for reading.  I am guessing I have one less subscriber... but we can talk at our next coaching session about it.

Andrea - We have the same approach.  Trinkets are fine if the quality is there first.  I see young agents pick a lender simply because the lender said hello and gave them pens.

James - Thanks for reading.

Integrity Mortgage - That same quote will be used in an upcoming post next week.

Joe - Don't you love that quote.  Like the quote from the comment above yours, I have a post for that one in a few days.  I hope you come back to read it.

Sasha - Thanks for reading.

Jul 30, 2009 07:46 AM
Ryan Shaughnessy
PREA Signature Realty - www.preasignaturerealty.com - Saint Louis, MO
Broker/Attorney - Your Lafayette Square Real Estate Partner

Paul - The basics are what it's all about.  It is all about practice, routines, and improving skills.

Rene - I have about 10 more Yogi posts left in me if I can figure out their application to real estate sales without repeating the earlier posts.

Debbie - If there are any baseball fans out there, Yogi's book is worth a read.

Ginger - Thanks for reading.  I have a few more of these left.

Bill - I think that quote or the "90% of the game is half mental" are probably my favorites.

Bob - Yogi said it and then wrote the book.  I'm just applying his nuggets of wisdom to real estate.  Some pretty good parallels that my agents with sports addictions seem to relate.

Rita - I absolutely agree.  The trash and trinkets are good only to keep you name in front of your customers.  However, it isn't going to win many new customers.  The best way to build any business is one customer and their referrals at a time.

David - The guy didn't get to be manager of the Mets and Yankees without a bit of wisdom and street smarts. 

Gene - You hit it on the head.  There are no shortcuts to hard work in real estate or any other business.

David - I sure love the Yogi-isms.  That is a good one.

Sharon - It isn't over... nor should it end with a closing.  In reality, it is often what you do after the sale closes that generate the referrals.

Jul 30, 2009 07:56 AM
Stacie Colclasure
Gateway Holding and Referral Company - Bethalto, IL
Realtor, Bethalto, IL

Ryan, I am really enjoying this series.  Thanks for taking the time to put it together.

Jul 30, 2009 10:18 AM
Roger Johnson
Hickory, NC

Ryan, you're title hit home with me.  I recently lost a potential listing because of a gimmick.  The seller informed me that Agency B was going to be offering a 1 year golf membership with the purchase of the home.  Of course, Agency B is the golf club sales rep and can afford to this.

Thing is, if someone can afford the home (and plays golf), then they a) can afford a one year membership and b) will likely want a permanent membership, or (if they don't play golf) will automatically reduce their offer by the golf membership fee (which the seller is NOT paying).

How's that gimmick looking now?

Jul 30, 2009 10:56 AM
Ryan Shaughnessy
PREA Signature Realty - www.preasignaturerealty.com - Saint Louis, MO
Broker/Attorney - Your Lafayette Square Real Estate Partner

Stacie - Thanks for reading.  I am actually enjoying writing the series.  For fun, I have decided to make Yogi an offer.  My final post in the series will explain the idea and also whether on not Yogi accepted the offer.

Roger - We have two national brokerages here that offer !0K or similar promotions.  It works something like this 20 sellers agree to pay an extra $500 in commission.  If you sell a 10K home, you essentially are in a lottery to get paid the 10K with a 1 in 20 chance.  Now, if I was a purchaser, I would assume that I was steered into buying this home.  If the buyer's agent doesn't disclose the 10k lottery thing, I think that they could be held as the scapegoat on the transaction if things go south.  It would seem to call into question whether the agent is acting in the best interest of the client or the best interest of agent.  Our brokerage policy is that we don't search on commission or agent bonuses or agent incentives when selecting homes for tours.  All commissions are disclosed to buyers.  As to the 10K, if an agent wins it, it goes to local charity.

Jul 30, 2009 11:24 AM
Roger Johnson
Hickory, NC

In NC, it's now a law that all commissions/bonuses/etc that an agent receives or is intending to receive is fully disclosed to the buyer BEFORE any offers are made.  I'd hate to be the one explaining that deal to a potential buyer.

Jul 30, 2009 02:09 PM
Ryan Shaughnessy
PREA Signature Realty - www.preasignaturerealty.com - Saint Louis, MO
Broker/Attorney - Your Lafayette Square Real Estate Partner

Roger - I absolutely agree.  When I was in the title business, I watched agents from these firms try to explain the compensation.  Even better, they also had to explain why the buyer had to pay a $275 broker admin fee.  It made for interesting closings (at least for me as the settlement agent).

Jul 30, 2009 02:29 PM
Crystal Kilpatrick
Team Leader -Crystal Kilpatrick Group - Austin, TX
CHLMS,CNE, CRS - Austin & Central Texas Home Sales

Thank you for the inspirational post:)

Jul 30, 2009 04:57 PM
Ryan Shaughnessy
PREA Signature Realty - www.preasignaturerealty.com - Saint Louis, MO
Broker/Attorney - Your Lafayette Square Real Estate Partner

Crystal - I hope it helps.  I enjoyed writing it (and the other in the series).

Jul 30, 2009 04:59 PM
John Parce
Coldwell Banker Schmitt Real Estate Company - Key West, FL

Too many Realtors talk too much.  Solution?  "You can hear a lot by listening".

Aug 01, 2009 01:14 AM
Ryan Shaughnessy
PREA Signature Realty - www.preasignaturerealty.com - Saint Louis, MO
Broker/Attorney - Your Lafayette Square Real Estate Partner
John - We will be using a similar quotation in an upcoming post. I hope you keep on reading.
Aug 01, 2009 05:22 AM
Tony & Darcy Cannon
Aubrey and Associates Realty - Layton, UT
The C Team

Ryan, this is another in the line of great blogs!  I agree completely, in the end, the best team will win out. Once in awhile you can ride a hot pitching staff to a World Series Championship with a lesser team, but only if the team was good enough to get there before the pitching staff got hot.  The Washington Nationals will not win a World Championship in the 2009 season, they just don't have the talent.  It is the same with Real Estate, you can, through hard work and constant improvement build towards a championship, but odd are that you're not going to do it overnight.  But if you are constantly improving and working hard, it will come sooner than later.  Great Job!

Aug 18, 2009 06:08 PM
Ryan Shaughnessy
PREA Signature Realty - www.preasignaturerealty.com - Saint Louis, MO
Broker/Attorney - Your Lafayette Square Real Estate Partner

Tony - You are right - takes time to build a champion.

Aug 18, 2009 06:50 PM
Gary L. Waters Broker Associate, Bucci Realty
Bucci Realty, Inc. - Melbourne, FL
Eighteen Years Experience in Brevard County

Good post. Trying to read all your posts. A gimmick may draw attention but it is what you do after they notice you that matters.

Aug 21, 2009 12:50 AM