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Don't Make These 7 Mistakes, Newbie.

Reblogger Debe Maxwell, CRS
Real Estate Agent with Savvy + Company (704) 491-3310 228209

Thank you, Coach!Each one of Praful Thakkar's points are spot-on!  The point that jumps out at me the most is making sure you have a mentor/coach.  I honestly don't know what I would do without my coach to hold me accountable!  Many agents sign up with one who 'tells' you what to do (or worse yet, gives you a 'program book' for you to follow only)  but, doesn't give you guidance OR have any accountability standards. Believe me, I've been there, done that!

With the accountability, I was able to very comfortably increase my sales atronomically!  I am ever so thankful for the wisdom and knowledge that my coach shares with me each week.  The cost associated with coaching for the YEAR was paid for within the first MONTH of hiring my coach!

Original content by Praful Thakkar
Don't Make These 7 Mistakes, Newbie.
 

Don't Make These Mistakes, Newbie...

Dear Newbie,

Two words that will lead you to happiness and success - Eric Barker.

The word 'YES' leads to HAPPINESS.

The word 'NO' leads to SUCCESS.

Warren Buffet said once, "The difference between the successful people and very successful people is that very successful people say 'NO' to almost everything."

So far, you learned lots of things on 'What To Do' in many posts in this contest. And all good things for sure. 

In fact, I learned a lot from these posts. They were not only for newbies. They were equally good for oldies,  too.

We say 'Habits Die Hard', correct? My expeirence says, it is difficult to 'unlearn'. So let's learn something good - on what NOT to do as newbie - right from the beginning. So we do not need to 'unlearn'!

You may have said 'YES' to many things by now.

So what do you want to say 'NO' to, dear newbie?

 

#1. Do NOT forget the basics of this business.

You may want so many 'tools' for your business. You need only to work on only one thing - lead generation!

There will be many gadgets that you may want!

Focus only on those that will help you with the basic needs of your business.

I'll even say, just to begin with - your smart phone is smart enough to get you going in this business, if you use it right way!

 

#2. Do NOT work alone.

Have a mentor.

Work with a coach.

What you have learned at License School is not enough to practice real estate.

If not anything else, join a mastermind group.

Keep learning. Getting license is just the beginning.

 

#3. Do NOT forget people who are close to you.

It all begins with one!

Make sure you continue to stay in touch with YOUR people - people who know you, love you and trust you. They will get the ball rolling.

Just make sure, you do not forget these people who helped you in your business.

Keep in touch with them by sending some item of value, call them frequently, send them Thank You notes. 

#4. Do NOT rely on the Magic Pill and Shiny Objects.

You are most likely to get lured by many shiny objects. They will tell you - "Just one sale will cover the cost of the subscription for whole year".

There will be many such 'fatal attraction' that will put you off the course.

Internet is a great tool. You can use this tool to your advantage. However, before you invest a dime, make sure you have earned a dollar!

However, Real Estate is a team sports! You have to 'connect' with people and 'contact' them.

The only way this can happen is - you take the initiative. 

 

#5. Do not count the chicken before they are hatched. 

You may have a listing on market does not mean it is SOLD and you have commission check in your account.

You may have many buyers and you are showing homes to them, does not mean they bought the home. The money is not in your pocket until CLOSING.

Do not spend money you have never earned.

 

#6. The most important tip - DO NOT GIVE UP!

The business you are in is a roller-coaster. Emotional roller-coaster, that is.

It's easy to feel that you are on top of the world when things go your way.

It's easy to break down when things do not go your way.

You want to keep cool in ALL circumstances.

Just remember, if your listing did not sell, it is not the end of the world!

Your buyer did not get a home in multiple offers is not your fault!

Work hard and smart to sell that listing or help buyer buy a home.

Just DON'T GIVE UP!

And.....

#7. last but not least -- Do not think ActiveRain is just a blogging platform.

I can go on and on for this one....

However, let me stop here and say:

Be a part of this community and you'll know what you have earned here.

 

Now that you are in....make sure....

Don't Make These Mistakes, Newbie.

Image Courtesy: Dime Dollar by Gualberto107 from FreeDigitalPhotos.Net.

Image Courtesy: Don't Give Up by Stuart Miles from FreeDigitalPhotos.Net

Image Courtesy: Get Rich Phone by Stuart Miles from FreeDigitalPhotos.Net

Image Courtesy: Magic Pills by jk1991 from FreeDigitalPhotos.Net

Image Courtesy: Business with Team Leader by hywards from FreeDigitalPhotos.Net

Image Courtesy: Learning by David Castillo Dominici from FreeDigitalPhotos.Net

 

Comments(17)

Carol Williams
Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals. - Wenatchee, WA
Retired Agent / Broker / Prop. Mgr, Wenatchee, WA

Great re-blog, Debe!  Great advice to Newbies.  If they do all the right stuff they shouldn't have to worry about giving up. 

Dec 04, 2016 02:16 PM
Ed Silva, 203-206-0754
Mapleridge Realty, CT 203-206-0754 - Waterbury, CT
Central CT Real Estate Broker Serving all equally

A very worthwhile re-blog with how to's appropriate at all phases of the business

Dec 04, 2016 02:26 PM
Roy Kelley
Retired - Gaithersburg, MD

This is an excellent selection for a reblog and important advice to share.

Dec 04, 2016 05:18 PM
Debe Maxwell, CRS
Savvy + Company (704) 491-3310 - Charlotte, NC
The RIGHT CHARLOTTE REALTOR!

Carol Williams  - Thank you!  And, yes, follow those steps for a successful career!

Dec 04, 2016 06:58 PM
Debe Maxwell, CRS
Savvy + Company (704) 491-3310 - Charlotte, NC
The RIGHT CHARLOTTE REALTOR!

Thank you Ed Silva!  Hope you have a great week!

Dec 04, 2016 06:59 PM
Debe Maxwell, CRS
Savvy + Company (704) 491-3310 - Charlotte, NC
The RIGHT CHARLOTTE REALTOR!

Thank you, Roy Kelley - I think Praful Thakkar hit the mark with this one!

Dec 04, 2016 07:00 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Thanks, Debe Maxwell  for the re-blog. Really appreciate it.

Coaching is indeed very important. I was at Toronto - Buffini & Company's Success Tour event. About 20 minutes with the head coach gave me an idea how I can get better at what I do!

Dec 04, 2016 08:39 PM
Debe Maxwell, CRS
Savvy + Company (704) 491-3310 - Charlotte, NC
The RIGHT CHARLOTTE REALTOR!

Yes, I saw that, Praful Thakkar!  Did you wind up connecting with some other Rainers while you were there?

Dec 04, 2016 08:52 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Yes, Debe Maxwell - we had a small 'unofficial' ActiveRain meetup, organized by Carol Wilson.

I intend to write a post about it soon.

Dec 04, 2016 08:56 PM
Debe Maxwell, CRS
Savvy + Company (704) 491-3310 - Charlotte, NC
The RIGHT CHARLOTTE REALTOR!

Looking forward to it, Praful Thakkar!

Dec 04, 2016 09:20 PM
James Dray
Fathom Realty - Bentonville, AR

Good morning Debe.  Hmm, I missed this one so thanks for the re-blog. 

Dec 05, 2016 03:23 AM
Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi
NMLS #216987, IL Lic. 031.0006220, WI Licensed. APMC NMLS #175656 - New Lenox, IL
708.921.6331 - 40+ yrs experience

Thanks for sharing this great blog from Praful Thakkar ... I had missed his original posting, Debe Maxwell.   ALL good reminders and advice ...

Gene

Dec 05, 2016 08:05 AM
Carol Wilson
Your $imple Home - Toronto, ON

Thanks, Debe, this was a useful post, and I'm not even a realtor!  A very good read.

Dec 05, 2016 08:52 PM
Debe Maxwell, CRS
Savvy + Company (704) 491-3310 - Charlotte, NC
The RIGHT CHARLOTTE REALTOR!

James Dray - You're welcome - I don't often re-blog - this was a goodie!

Dec 05, 2016 09:11 PM
Debe Maxwell, CRS
Savvy + Company (704) 491-3310 - Charlotte, NC
The RIGHT CHARLOTTE REALTOR!

Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi  - I'm glad you found it!  I thought it was a good one too!

Dec 05, 2016 09:12 PM
Debe Maxwell, CRS
Savvy + Company (704) 491-3310 - Charlotte, NC
The RIGHT CHARLOTTE REALTOR!

He's got it together, doesn't he, Carol Wilson?!

Dec 05, 2016 09:12 PM
Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Certified Feng Shui Expert, Speaker & Researcher

Saying yes it's for when you're getting over fear, but saying no for setting yourself.

Dec 08, 2016 10:26 PM