“What’s the best advice you can give a newbie real estate agent?” she asked. My advice: “Run your business as a business.” Plain and simple. If this is your full-time career, treat it like a full-time career.
Look at what other professional salespeople do (in industries besides real estate):
· They get to the office at 8:00 am every weekday.
· They make sales phone calls.
· They go out and meet prospects.
· They make sales presentations.
· They set daily, weekly, monthly, & annual goals and achieve them.
· They have a schedule that they follow each day.
· They use professional tools for CRM and pipeline management.
· They have a follow up system in place.
· During the day, they stay focused on making sales.
· They are self-disciplined.
· They are self-motivated.
You are a professional salesperson. The 2 most important tasks are: making listing presentations, and making buyer presentations. How much time do you have allotted in your schedule for those activities? How many hours per day/week do you spend doing sales presentations? If you are not doing sales presentations every day, you cannot build a book and make a full-time living being a professional salesperson.
A recent poll from Buffini and Company found that the average real estate agent spends 37% of their workday doing personal errands. The remaining time was spent on the internet, emailing, chatting with co-workers, or talking on the phone. When do they make their sales presentations?!? Don’t copy the myriads of scattered real estate agents who have no schedule, no plan, and are floundering around without direction.
Find a great mentor and hire a coach. Learn from the career pros who are making a full-time living selling real estate! Observe how they run their business as a business. And you, too, will be a professional.
Regina...Very good advice for sure. It is amazing how many agents think they are "full time" and are constantly spending their time on non-income producing activities. That's a scary stat by Buffini & Co. Cheers, Ryan
I'd like to say I'm shocked by the results of the Buffini survey....Your post is great advice not only for new agents but for all of us! Thanks for the kick in the keister!
NEVER * NEVER stop marketing * even when I have all of the properties I think I can manage, I keep marketing for the FUTURE!
37% of the workday on errands. Wow, that does not say much about the qualities of the average salesperson, does it?
Thank you all for sharing your valuable inputs. The Buffini survey is an eye-opener. Time should be spent wisely.
Very good post. The statistics certainly show why the average income of real estate agents is so low. Too many find ways to be busy but not effective.
Yes Roy, that's true! It's best to set the right priorities and be effective.
Good evening Regina -
Excellent points. Being a self motivator and dedicated to ones job are huge in real estate as well as all walks of life.
Make it a great weekend.
John
Yes John, we need a lot of self-motivation and dedication to our job. Thank you for sharing your ideas too. Have a great week!
Regina P. Brown
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