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October Challenge - My Advice to a RE Newbie

By
Home Inspector with Complete Home Inspections, Inc. TN Lic#050

    In my 14 year career of home inspecting, I have seen real estate agents come and go. Some are ‘Fair Weather’ agents. They throw their hat in the ring when the going is good and put their license in retirement when the going is rough. Like any business, real estate is not for the faint of heart. My advice is:
    1. Treat your business as a business - a full time business. Have a business plan and follow that plan. Be willing to make adjustments to that plan when or if you need to. Napoleon Hill has some very good insights on personal and professional development in his books, ’Think & Grow Rich’ and ‘Outwitting the Devil’. Gerber’s book, ’The E-Myth’ also has good business ideas. Keep asking yourself, “What does my business look like?”
    2. Taking a line from KW BOLD and Gary Keller, “Nothing stands in the way of lead generation.” I understand that the hardest thing for folks to do is pick up the 500# brick and start calling. In one of my conversations with Mark Kunz, former VP of Century 21, he said, “Real estate is nothing more than a numbers game. Make the calls, work the numbers and the numbers will work for you.”
    3. Accept defeat as temporary. There will be times when you will be tested to see how serious you are about your career. Life seems to throw these obstacles in our way. When you see them for what they are, “temporary defeats”, push on. Every defeat will bring with it an even better opportunity for success.
    4. Push on. In the book, “Three Feet from Gold”, the authors talk about the power of perseverance. Success is not easy. We stumble and fall forward. Many of the country’s top executives talk about their trials and tribulation while climbing to the top. Interesting read.
    5. Live with passion and have fun. Life is way too short. Be passionate about your life and career. Folks will pick up on your passion and will engage you. Far too many folks are stuck in a career they dislike. If you do not like what you are doing, then get out! No sense being miserable.
    These are just a few things that I have learned about the real estate business. IMHO, it does not matter whether you are a real estate agent or an ancillary service provider. The bottom line is, business is business. We are all engaged in ways to earn a living and we all need to understand both the demographics and psychographics of our clientele. The more we learn, the better the industry will be.

;-)

It is a GREAT day at Complete Home Inspections!

Posted by

Complete Home Inspections, Brentwood TN 615.661.0297
 

Comments(15)

Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Good morning Michael. Like what you do or do something else is a first big step. Enjoy your day!

Oct 30, 2015 08:13 PM
Debbie Gartner
The Flooring Girl - White Plains, NY
The Flooring Girl & Blog Stylist -Dynamo Marketers

Good advice here' Michael.  Lead generation is key (and in any business), but I would disagree that cold calling tons of people is the only or even the best way to do it.  IMO, Inbound marketing is a much better approach - that's when you get people to call you.  Direct Mail, blogging, networking, etc are all methods to do that.

Oct 30, 2015 08:30 PM
Conrad Allen
Re/Max Professional Associates - Webster, MA
Webster, Ma, Realtor

Hi Michael.  Every business is a number game.  The more people in front of you the more sales.

Oct 30, 2015 08:43 PM
Roger D. Mucci
Shaken...with a Twist 216.633.2092 - Euclid, OH
Lets shake things up at your home today!

Good advice to anyone new to any business.  Great post Michael.

Oct 30, 2015 09:35 PM
James Dray
Fathom Realty - Bentonville, AR

Good morning Michael.  When one can look into this business as a business with its up and downs the rest is easy.  Each no is just one more step closer to a yes.  

Oct 30, 2015 09:49 PM
Dorie Dillard Austin TX
Coldwell Banker Realty ~ 512.750.6899 - Austin, TX
NW Austin ~ Canyon Creek and Spicewood/Balcones

Good morning Michael Thornton ,

Great advice to any agent..new or established! It is a business and you need to treat it as one!

Oct 30, 2015 09:57 PM
Sybil Campbell
Fernandina Beach, FL
Referral Agent Amelia Island Florida

Michael, what great suggestions for anyone in a business like ours either real estate or home inspection.

Oct 30, 2015 10:19 PM
Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Flower Mound, TX
Selling Homes Changing Lives

Great advice Michael. I think you've adapted the KW culture than many who have years of experiences at KW. You're absolutely right. Outwitting the Devil is one of my favorite books. I remember recommending it to you because it was so great to read. I think everyone should read it.

Oct 30, 2015 10:31 PM
Ed Silva, 203-206-0754
Mapleridge Realty, CT 203-206-0754 - Waterbury, CT
Central CT Real Estate Broker Serving all equally

It is not for the faint of heart and requires actions outside the normal for a lot of people.  We hear no a lot and it isn't always in a kind way.

Oct 31, 2015 12:11 AM
Kristin Johnston - REALTOR®
RE/MAX Platinum - Waukesha, WI
Giving Back With Each Home Sold!

Great advice and I hope you do well in the contest  and I hope you have a happy halloween too!

Oct 31, 2015 12:52 AM
Rebecca Gaujot, Realtor®
Lewisburg, WV
Lewisburg WV, the go to agent for all real estate

Michael, excellent advice to anyone starting a new business.  Happy Halloween.

Oct 31, 2015 01:35 AM
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate Services

Michael,  Business is business and people are people. When we strive for excellence and customer satisfaction is top of mind, not money, we will have a successful business.

Oct 31, 2015 02:19 AM
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Michael this is good advice to pass on, and everyone would be wise to follow this.

Oct 31, 2015 06:47 AM
Kathy Streib
Cypress, TX
Home Stager/Redesign

Michale- excellent advice and not just for anyone entering the real estate business. #1 is the most important one!

Oct 31, 2015 09:48 AM
Gary Coles (International Referrals)
Venture Realty International - Las Vegas, NV
Latin America Real Estate

Hi Michael Thornton You certainly packed a lot of great advice into one post.

Oct 31, 2015 12:47 PM