If you’re not doing these 2 things you are not in business

By
Real Estate Broker/Owner with Pareto Realty TN #251071

Every business owner MUST build a business that does THESE 2 things well:

Lead Generate

Lead Convert

If you are a sole proprietor, YOU are responsible for doing these 2 things well enough to create the income necessary to stay in business.

The secret to success is to engage appropriate LEVERAGE to create an environment rich with a steady flow of leads and to orchestrate just the right intentional attention to these leads such that they “convert” . . . that is – COMMIT to working with you.

This is a courtship which should not be taken lightly.

The enigma for most business owners is the HOW?

Sure, all the business coaches and gurus say everything I have said above and make gajillions of dollars selling systems and programs and platforms “guaranteed to work”, yet most folks who buy these programs fail to realize much, if any, verifiable positive results. They become jaded and stomp off to their respective “safe places” of average or below average performance and commiserate with their comrades who took the chance with them . . . It’s a veritable pity party of epic proportions.

 

Of course, they BLAME the coaches and gurus for not delivering on their promises to create wealth.

 

It’s NOT the fault of the teachers!

 

The students have failed to “get” the meaning and critical importance of leverage as it relates to generating sufficient leads and converting a high enough percentage of those leads into customers/clients.

 

Gary Keller was the first human who turned the leverage light bulb on in my head with his simple answer to the HOW of leverage: People – Systems – Tools. I have “fleshed this out” through an assemblage of other mentors and coaches through the years, and it looks something like this.

PEOPLE

  • Who are your personal and professional coaches and mentors who will stretch you and hold you accountable?
  • Who should be on your team as a partner or employee?
  • What alliances can you form with other complimentary businesses?
  • Who are the people to want to serve?

SYSTEMS

  • What is the flow of your business?
  • MANUALIZE this flow step by step for each significant component of your business
    • Lead generation and Conversion
    • Buyer process & Seller process (Separately)
      • Needs and wants analysis
      • Search
      • Analysis
      • Negotiation
      • Completion (Contract to Close)
      • After the closing “Client for life”
    • Administrative procedures
    • Financial procedures
    • “Policies and Procedures Guidelines for you and your team

TOOLS

  • Physical Technology – Does all of your equipment make your life easier? If not, find better and replace.
  • Virtual Technology – What on-line tools can you be using to make your system flow more smoothly with less effort?

 

One rule:

Don’t EVER stop improving your people, systems, and tools. 

 

Your mindset MUST be of continuous improvement always. That slique on-line program you bought last year may become functionally obsolete as it’s competitors innovate while you complacently sail along in the comfort of you’ve been doing things. Meanwhile, YOUR competitors are capturing YOUR leads right out from under your nose.

THIS is hard work, and it’s what you’re going to have to do if you want to succeed in building your own business . . . Go ahead and face the simple truth that you’re an entrepreneur and choose to “build your business” . . . or . . . go find a “real job.”

This post is tough talk only because I want MORE people to SUCCEED at higher levels, and I see so many folks looking for that magical “off the shelf” secret to success that will suddenly make them rich and famous . . . when, in fact, the secret to success is working HARD and doing the right things with consistent persistence.

Now for the really brutal question:

WHY?

PS – Of critical importance is your working environment. It must support your new-found commitment to improvement. This may require evaluation of your current firm affiliation . . . Is it “innovative enough” to support your yearning to build a better business (and life) for yourself? If you are anywhere in Middle Tennessee and would like to explore other options, I hereby invite you to connect with me to find out if Pareto Realty might be a better fit . . . After all, Richard Courtney (REALTOR, Writer, Beetles expert, Talk Show Host recently said this:

“Pareto Realty, the cutting-edge techno-realty pop firm run by Barry Owen, the king of innovation.”

About 

Residential Real Estate Principal Broker and Founder of Pareto Realty, LLC. Creating the quintessential real estate firm with emphasis on "Live, Work, & Play" balance . . . and a true Performance Oriented environment for Real Estate Professionals. Serving the Real estate needs of Home Buyers and Sellers in Middle Tennessee.

Posted by

Barry Owen

Founder
Principal Broker
Pareto Realty
Nashville, TN

615.502.2080
www.paretorealty.co  
Call me: 615-568-2123
email me: barryo@comcast.net

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Simply & BOLDLY Living the FourFold Way in Open Space!

Quintessentially connected to the real estate industry to offer the ultimate experience for Home Buyers and Sellers in Middle Tennessee . . . Inquire within!

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Tags:
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Rainmaker
2,562,253
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker

Good morning Barry. Find what works for you and use it! It is different for everyone! Enjoy your day!

Jan 03, 2017 05:18 AM #1
Rainmaker
154,641
Foster Smith Summerville
Carolina One Real Estate - Summerville, SC
Summerville & Charleston Homes for Sale SC Realtor

Great Points & Reminders! Happy New Year!

Jan 03, 2017 05:18 AM #2
Rainmaker
3,357,730
Dorie Dillard
Coldwell Banker United Realtors® ~ 512.346.1799 - Austin, TX
Serving Buyers & Sellers in NW Austin Real Estate

Good morning Barry Owen ,

Love your post this morning. If you are in business you must be open to constant changes and figure out how you can be on the ban wagon to continue to serve your clients with the best business practices. Your commitment to your business and yourself needs to operate in a conducive environment that supports you! That is why I love where I work!

Jan 03, 2017 05:20 AM #3
Rainmaker
824,949
Barry Owen
Pareto Realty - Nashville, TN

WHEW! Active Rain sure had it's way with the formatting of this post . . . It looks nothing like the original draft, and I cannot seem to be able to fix it . . . Ah well . . . INNOVATION!

Jan 03, 2017 05:27 AM #4
Rainer
108,895
faye schubert
Keller Williams Tri-Lakes Realty and Lake of the Ozarks - Branson, MO
technology and marketing specialist

We all would like an "Easy" button to press for high quality leads and build a business from that, but that just isn't so. 

Jan 03, 2017 05:31 AM #5
Rainmaker
826,270
Marco Giancola
Beachfront Realty - Miami Beach, FL
Realtor (305)608-1922, Miami Beach Florida

Hi Barry-great post and so true. Lead gen/conv of quality leads is the name of the game.

Jan 03, 2017 05:48 AM #6
Rainer
136,189
Chrissi Chapman Topoleski
Re/Max Real Estate Connections - Haymarket, VA
HOME~There is no place like it!

Hi Barry- Wish I had read this when I entered the business almost 10 years ago. It was never impressed upon me that lead generation and nurturing the relationships I did have were so important. Great advice.

Jan 03, 2017 05:59 AM #7
Rainmaker
2,932,748
Sheila Anderson
Referral Group Incorporated - East Brunswick, NJ
The Real Estate Whisperer Who Listens 732-715-1133

Good morning Barry. You are absolutely right but there is more: you had better treat people really well always.

Jan 03, 2017 06:44 AM #8
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