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Time Management 101

By
Services for Real Estate Pros with BEST AGENT BUSINESS

Would you rather have an incoming sign call or a web lead? If you have 5 or more listings, you should be using an 800 IVR system (for a list of our recommendations, see HERE). The cost is about $40-50/month. A buyer 800 IVR lead, when managed properly, is probably worth 2-3 buyer web leads. We can help you select and implement an 800 IVR system. More importantly, we can help integrate it fully into your listing marketing and other marketing. We can even call the buyer leads from your 800 IVR system. Stop wasting all those 800 IVR leads and let us start calling those leads today.

Seller Feedback - Less Stress and Happier Clients

Best Agent Business can call your sellers from Seller Feedback.  We can call your active sellers on a weekly or monthly basis to touch base on a customer service call. This can benefit you in a few ways:  less stress, more proactive contact to reduce fire-fighting; third-party calling to get more direct feedback, identify price reduction discussions, makes sellers happier, makes you happier, and builds relationships for long-term referrals. We can get started within one week.

Management 10% - Let Us Manage Your Assistants

This is a radical concept. We spend about 10% of work hours on management. This includes recruiting, hiring, firing, training, systems, documentation, and research & development. Thus, if you are doing $995/month with us, about $100 goes to management. This is a bargain, a total steal at $20/hour.

If you have a team with one or more in-house assistants, your time is worth about $100/hour.  You SHOULD be spending about 2 hours per week to manage an in-house assistant who may be working 40 hours @ $15/hour. Thus, you are spending $600 on labor and $200 of your time on management, or 33%!!! Or, you are failing to manage and likely 20-40% of your in-house assistant's time is wasted because of lack of accountability, management guidance, and just plain NOT WORKING.

Oh, by the way, the BEST salespeople are usually the WORST people managers. Ring a bell?

Steve's Musings

I realize that Best Agent Business is going to end up being much more than virtual assistants. We already are doing more sales calling work of Client’s SOI, Buyer, and Seller leads than over 500,000 real estate agents. And we are just dipping our toes in the water.  Catch the wave; we are moving fast and only about 20% of our clients are keeping up with constant kaizen to increase client net profit constantly.  The fastest growing clients read our newsletter, reply with requests, questions, comments, and take action. Not a client? Call me, email me, or reply to this blog.

Like this blog? Do us a favor and “like” us on Facebook. Would you like help identifying ways you can improve your Organization and Efficiency? Reply to this blog and we can get started. For more information on how Best Agent Business can help you streamline your marketing, time management,and many other aspects of your Real Estate Business, subscribe to our videos, visit us at www.bestagentbusiness.com, call (202) 297-2393, or e-mail us at: sales@bestagentbusiness.com.

 

Bill Reddington
Re/max By The Sea - Destin, FL
Destin Florida Real Estate

Certainly lots of cool things out there. I personally handle all mine. Do I miss. Probably occasionally.

Sep 15, 2014 07:13 AM
Steve Kantor
BEST AGENT BUSINESS - Bethesda, MD
Best Agent Business - Virtual Assistance

You may want to bookmark this post in case you change your mind at some point and want to do things differently. Thanks for the comment.

Sep 21, 2014 11:38 AM