Special offer

Do You Know the Sources of Your Business?

By
Real Estate Agent with Keller Williams Real Estate RS293271

Do You Know the Sources of Your Business?

There are two sources that generate business, human resource or activities and financial resources or dollars you spend to generate business. You must give thought to “Why and What Benefits would it be to me, to source my business?”

Look at every transaction that closed in the last 12 months and determine the source of each transaction.

  • How many transactions came from an ad call?
  • How many transactions came from the internet?
  • How many transactions came from open house?
  • How many transactions came from referrals?

By the way, these are just a few of the examples of what you need to explore in sourcing your business.

Incidentally, in the course of sourcing, there were activities and dollars spent that “didn’t” produce traceable results. Get rid of them ... move towards those that did deliver a result.

Sharon Parisi
United Real Estate Dallas - Dallas, TX
Dallas Homes

Donna and Larry,

This is wise advice.  I retained a specific print expensive print add for years with no results, other than name recognition. Most of my business comes from referrals, so I tend to those in my circle of influence.

Dec 20, 2012 10:33 PM
Doug Dawes
Keller Williams Evolution - 447 Boston Street, Suite #5, Topsfield, MA - Topsfield, MA
Your Personal RealtorĀ®

Donna & Larry - This is good information for new and as well veteran agents. Thank you for being willing to share

Dec 21, 2012 02:43 AM
The Elise Bickel Team
ReMax Select Realty - Pittsburgh, PA
Leasing, Property Management and Sales

I already completed my 2013 Business Plan. I think it is essential that youc an track your business and understand your sucess rate. For example, if you know that you contact 100 expired listings and get 3 listings then you estimate how much business you will have next year by committing to a certain number of expired contacts.

 

Dec 21, 2012 02:47 AM