Special offer

Mike Ferry's Thoughts on "What did I do right - What did I do wrong?"

By
Services for Real Estate Pros with The Mike Ferry Organization

 

What did I do right and what did I do wrong?

These are the two questions I’ve asked a number of my coaching clients during the month of December. Sit down with a piece of paper and honestly look at the calendar year 2012, and say to yourself, “What did I do right? What did I do that created the kind of response that I want?” “What did I do that’s allowed me to either have more production … have more fun … make more money … and enjoy the business more?” What were the factors … name them and name them now. Why? Because if you want to have better results you have to do these same types of things again and then add to the list by 20% or 30% if you want a 20% or 30% increase in productivity. Once again, I’m talking about common sense, which is the most uncommon thing in the Real Estate industry.

What did I do wrong? Did you make any mistakes? Oh I don’t mean the little things, I’m talking about did you make any major mistakes? Did you take a couple listings for the wrong reasons? You know what I mean. You took a listing so a competitor couldn’t get it. You put a price on a property to keep the competition from getting the listing. You cut your commission so the competitor couldn’t get the listing. I wouldn’t call this good business sense, I would call this “agents uncommon sense.” If you can honestly look at your business in 2012 and determine what mistakes you made and how they affected your business, then you can certainly figure out a way to make sure they don’t happen again in 2013. Yes, I know there are some things that happened that you had no control of, and I’m not referring to those things. I’m referring to all those other issues that took place. Remember, if you’re going to make the same mistakes time and time again you’re going to get the same results time and time again. Make up the two lists right now … do an honest evaluation of yourself and your business from 2012 so you can get the improvement you want in 2013.

 

Mike Ferry - The Mike Ferry Organization
Mike Ferry
CEO - The Mike Ferry Organization
800-448-0647

Comments(3)

Tammie White, Broker
Franklin Homes Realty LLC - Franklin, TN
Franklin TN Homes for Sale

Already done. Since 37% of my business came from my sphere this year. I can see I need to keep cultivating those relationships and teaching those people how to give out referrals.

Dec 28, 2012 02:10 AM
Li Read
Sea to Sky Premier Properties (Salt Spring) - Salt Spring Island, BC
Caring expertise...knowledge for you!

Excellent questions...and our personal answers do shape our coming year's success.

Dec 28, 2012 03:06 AM
Mike Ferry
The Mike Ferry Organization - Las Vegas, NV

Thank you for the great responses. 

Now is the time to take what we did well in 2012 and implement them again for 2013.  Be sure to make a list of 3 to 5 goals you want to accomplish in the first quarter of 2013.  Post a copy of those goals in various locations so that you are always reminded of them.  Let's make those goals a reality.  -Mike Ferry

Jan 03, 2013 01:09 AM