As I have written about before, my business was one of the first victims of the credit and real estate crises.  Basically, I couldn't have timed a merger worse if I had tried.  By taking over my largest competitor I ended up expanding into a declining market.  A rapidly declining market!

I was forced to make some drastic moves.  I shut two offices down and laid several people off.  I don't know if any of you have ever been in this position before, but it sucked!  I felt so bad for the people and my ego took a hell of a blow!

For a while, I crawled off and found a quiet space to lick my wounds and to feel sorry for myself.  Having two kids in college at the time, I didn't have the luxury of not being able to generate income, so I took a job driving a taxi.  When that proved impossible to manage while keeping my real estate and mortgage company afloat, I switched to driving limousines. 

I caught a fair amount of grief for doing this from some other people in the field.  I had competitors actually call my clients and "out" me as not being a "full-time" agent.  Fortunately the clients that I had at that time were understanding and I had been very upfront with them.  I also had remained a "full-time" agent in that I was still putting in more than 40 hours a week working at keeping my company alive.

As I mentioned before, this is when I found out about the power of blogging and of Activerain.  I started the process of building my web site into what I hoped would be a powerhouse.  ValueListre.com had been a basic real estate agent web site.  Pretty much a canned product that I had purchased from Homes.com.

Through Activerain I learned about search engine optimization and about the so-called "web 2.0".  I started adding content and optimizing my web site.  We went from page 235 on a google search to page 2 for the most widely used search term for our market.  I also went back to the basics as far as marketing my company.

So, here we are a year and a half or so later and it's starting to click!  Over the last couple of weeks my phones have started to ring.  The efforts that I had made on faith that they would pay off have started to.  As I mentioned in my last blog, I've gotten two listings from my website in as many days last week.  I've also gotten some buyer inquiries and while I haven't reeled them in yet, it's a start!

Yesterday was the first day in a long time that I could actually say that I was working to keep up.  Between taking care of the details on my working transactions and a couple of projects that I had started, I worked pretty steady from about 8 in the morning to about 6:30 in the evening.  Several times during the day I had multiple people on the phone.  This morning, I'm hacking this post out, then running down to South city to take a look at a two family to list.  Later on, I've got to do comps for this one and another one that I'm working on.  Then I've got to finish up those projects that I mentioned above.  Basically, it's starting to feel like I'm back in business for real!  Back in the saddle again!

I don't know for a fact that this trend is going to continue, but I have the feeling that it is.  I've talked with a fair number of other agents here in St. Louis and none of them are claiming to be busy, so maybe it is just me.  If that's the case, I can only attribute it to my work here, as well as my concentration on marketing basics.

So, in addition to writing this post for the 200 points (;0), I'm writing to let those of you out there who haven't seen a bunch of return on your blogging investment, please know that this stuff really does work!  Keep at it and be consistent.  My challenge right now is not to let it slide if I do get really busy.  That said, it won't be any harder to do that than it was to drive a taxi 50 hours a week and work my company 40! ;-)

 

R.B. "Bob" Mitchell

ValueList Real Estate Services, Inc.

 

 

Bob Mitchell is president of ValueList Real Estate Services,  St. Louis' largest discount/full-service real estate and mortgage company.  If you would like to find out more about Bob, ValueList or our flat-fee listing program, please feel free to visit our web site at valuelistre.com

 

 
 
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8 Comments on Good To Be Back In The Saddle Again!

APR
12
2008
264,988 Points 59 Featured Posts Outside Blog
Good to hear Bob!  The last 2 months of 2007 were brutal for me, but I think it was more psychological than anything.  I started 2008 with a bang and haven't looked back since.  There are so many tools we have at our disposal to increase our exposure and web presence, their consistent implementation along with time tends to do wonders.  AR has been a nice addition to that for me.
10:00am • #1
134,956 Points Outside Blog
I'm sorry that things were slow but I'm really glad to hear that things are picking up again.  I really hope it stays that way.  I agree with you...it may not seem like blogging is helping but if you are consistent and diligent it will definitely pay off!!
10:31am • #2
133,127 Points 5 Featured Posts Outside Blog Hit Router

An awesome update Bob! Your blog has been consistent and is always professional.

We've seen some buyer interest. I am jealous of your new listings! We need some new blood in our inventory!

Can't wait to read of your continued success.

2:33pm • #3
240,358 Points 2 Featured Posts Outside Blog
What they say timing is everything.  All you can do is keep plugging along and give your best.
4:15pm • #4
354,213 Points 11 Featured Posts Localism Sponsor Outside Blog
I am glad things are working out for you.  Welcome back.
4:51pm • #5
611,490 Points 244 Featured Posts Localism Sponsor Outside Blog
Bob, As men and providers of our families we do what we have to do. When I first opened Tutas Towne 10 years ago I too drove taxis and waited tables at night. I did this for about 2 years until things got rolling. Now I'm just too old and tired to do those thinsg....so I go to work everyday and pray a lot:)
5:56pm • #6
APR
13
2008
147,548 Points 6 Featured Posts Outside Blog

Jason:  I'm glad that things picked up for you and I think that you're right about the psychology part of things.  Thanks for the comment.

Kimberly:  I think that things will stay upbeat....maybe not 100% of the time, but over-all the trend seems to be one of coming back.  thank you for your comment!

Debbie:  I wish that I could find some buyers right now...the listings are nice...as long as they don't whine tooo much...but I'd love to pick up a buyer somewhere!  Best of success to you!

John:  They say that 1/2 of being successful is showing up....if we keep showing up and plugging away, maybe we'll prove em right!  Thanks for the comment!

Barbara:  thank you for the kinds words!

Bryant:  The two kids in college thing was a hell of a motivator!  I've still got one in college and the other just graduated and still needs help getting things going, so I'm not out of the woods yet!  I figure that at this point it might just be a "who's standing at the end" sort of thing.  Those of us who make it through this will reap the rewards for our efforts!  Thanks for the comment!

 

Bob Mitchell

ValueList Real Estate Services, Inc. 

11:59am • #7
AUG
02
Could you help me. Order is not pressure which is imposed on society from without, but an equilibrium which is set up from within. I am from Israel and too poorly know English, please tell me right I wrote the following sentence: "Health insurance and individuals who refuse to buy it should be penalized.Writers wife and mother in law were regulars at gala bingo st." Thank you so much for your future answers :D. Sherise.
Doreen
12:13am • #8

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Bob Mitchell - Realtor St. Louis

Saint Louis, MO

More about me…

ValueList Real Estate Services, Inc.

Address: 4251 Martyridge, St. Louis, MO, 63129

Office Phone: (314) 231-5478

Email Me

A blog about St. Louis real estate and about real estate in general from a guy who has been selling real estate and doing mortgages since 1984. I'm also the owner of ValueList Real Estate Services, Inc. a discount real estate company serving St. Louis since 1995!


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