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What is a Billon Dollar Agent?

By
Real Estate Agent

 

An email showed up in my inbox alerting me to a webinar "Billion Dollar Agent" featuring Gary Keller, Chairman of Keller Williams Realty and Craig Proctor.  I decided to listen in since both of these gentlemen always provide useful insights.  

Well, real estate is a sales profession, so I was not surprised that the main event was preceded by a pitch for Proctor's upcoming conference.

As I was listening to this pitch I thought to myself, "What is a Billion Dollar Agent?

How do you become a Billion Dollar agent?   Is there a Billion Dollar Agent out there?" 

Even Gary had said in another presentation, he didn't know of one. 

Then it struck me that the secret to one's success is already inside each of us if we choose to acknowledge.  Being a seminar junky and a easy sell for products myself,  I have learned that most of the systems, and education are easily accessible on the Internet, through sharing-minded agents and from many in-house brokerage training venues.  

Many agents, even experienced agents, think there is a magic recipe that will fix their business and cause leads to flow toward them.  Well, in my experience, there is a magic recipe for success.  But, an agent doesn't need to attend an expensive conference to find it.  

Let me save you a lot of money.  Here's the recipe: 

  • Prospect for three hours a day, every day.  Call expired listings, FSBOs, sphere of influence, family members, and other agents  
  • Sit Open Houses... I hear so often that doesn't work.  Oh yes it does, if done correctly. A brand new agent who "didn't know any better" found her buyer and wrote the contract on the house where she was sitting.  An experienced agent told her to sit open house, so she did with the confidence that it must work.  Her belief in herself and her belief in the advice pushed the nay-sayers out of the way.
  •  Follow through with all leads.  Call them, email them.  A "No" is just prelude to a YES! 
  • Ask for the business.  Always. From everyone.  All of the time.
  •  Give great client service and ask for more business.
  • You don't need a fancy database or contact manager software.  Use 5x7 cards until you have more than 25 or 30 consistent leads.
  • Network with other agents.
  • Exceed your client expectations. Work with your client's schedule, not your schedule.  It is always about the client, not you.

 The BIG reason why agents do not succeed is because they will not do what is needed and they will not get out of their comfort zone.

Don't get me wrong.  I will keep going to seminars as I believe education is so very important.  Make a commitment and stick to it.  Block schedule your day.  Be consistent in implementing your plan.

What will make you a success is inside you.  It is all about your ambition, your goals, your own determination, your personal vision of self, and your will power to actually do it. Nobody can train you into recognizing your dreams or to go after them.  They are your dreams ... you gotta' go get them yourself.

 

Vickie McCartney
Maverick Realty - Owensboro, KY
Broker, Real Estate Agent Owensboro KY

Hi Sheryl~  I was just talking about this very same thing today with another agent! 

May 07, 2010 11:30 AM
Constantine Isslamow
RE/MAX Eastern Realty Inc. Brokerage - Peterborough, ON
"Training and Accountability"

Thank you for posting and sharing your very informative article.

Wishing you continued success.

May 07, 2010 11:39 AM
Bill Gillhespy
16 Sunview Blvd - Fort Myers Beach, FL
Fort Myers Beach Realtor, Fort Myers Beach Agent - Homes & Condos

Evening Sheryl,  When working with newer agents I explain that each " NO " puts you one closer to the next " YES " !  You are so right about the open houses !

May 07, 2010 12:27 PM
Elizabeth Bolton
RE/MAX Destiny Real Estate Cambridge, MA - Cambridge, MA
Cambridge MA Realtor

Hi Sheryl ~ Just yesterday I was listening to a "Millionaire Monday" recorded call from a few years ago. The one that blew me away and really shifted my thinking was an interview with an agent who in his THIRD year in the business NETTED more than one million.  Yowza!!!  His "secrets"? Monthly mailings to an SOI of 650+ and monthly mailings to another 5000 households. Plus two hours a day door knocking. 

This post reminds me of diet advice.  No secrets there either - eat less, exercise more. The basics work when done well and consistently. Dream it and do it!! Great post.

Liz

May 07, 2010 04:00 PM
Robby Leviton
Metro Real Estate LLC - Kirkland, WA
Knowles Team

Wow, great direction and reminders on how simple the steps are. The only "difficult" part is the discipline to get it done and since I control that how "difficult" can it be!!!

Thanks for reminding us that having the confidence in ourselves is what makes clients want to work with us.

May 09, 2010 06:17 AM