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As promised, I'm writing a little series of blogs on how I'm coping with this ... ahem... more challenging real estate market that my not be going away any time soon. Phooey on affirmations and positive thinking - let's get to WORK! (okay, so there's nothing wrong with positive thinking - please continue to do it).

In the past, I've written about how it's just fine to stay in your comfort zone - especially if you're an introvert. My assertion has been that most of us are just fine the way we are - that we have plenty of skills and talents and wonderfulness about us that we can utilize in our business-building efforts, without doing something new and, well, scary.

Been thinking about this lately, especially with the dramatic decrease in the volume of business up for grabs in this less-than-vibrant real estate market.

When the pickin's are scarce, sometimes it's necessary to be a bit more aggressive to get your share of the available pie. Let's face it; in many markets there simply aren't that many buyers and sellers out there, so it's likely gonna take some extra effort to track down the ones who are.

For the Power Prospectors among us (which certainly doesn't include ME), this is no big deal. In fact, the PP's might actually enjoy the challenge. But what about us more Reluctant types? Those of us who shudder at the thought of chasing down our prey? Am I advising us to do it anyway? To ignore our fears, our hesitancies, perhaps even our conscience?

Probably, maybe and no.

Ignore your fears? Probably. Your hesitancies? Maybe. Your conscience? NO.

FEAR: Earlier this year I started speaking publicly which terrified me at first, but I got over it and now I LOVE it. I conquered that FEAR by facing it and am a better person for it (and a bit wealthier since now people pay me to speak!).

HESITANCY: I have a HESITANCY of approaching FSBO's and Expired listings. I worry about making a fool of myself and dread the thought of being rejected, although I believe with all my heart and soul that I can help and might just be the best thing to ever happen to them. To date, my hesitancy to prospect to FSBO's and Expireds has kept me from doing it. I also HESITATE to spend any money on advertising, farming or web-lead purchase because I don't believe it's an effective use of my precious dollars. However, if you think it might work for you, there's certainly nothing wrong with such promotional activities.

CONSCIENCE: However, my CONSCIENCE will not allow me to do anything that resembles making a nuisance out of myself - that is - pestering my friends or pestering strangers with cold-calls, door-knocks or annoying pleas for referrals. No matter how desperate for business I might find myself, I will not subject other human beings on this planet to that desperation. That good old Golden Rule... don't do to someone else what you wouldn't want done to you...(and I tell ya, I despise telemarketers).

So, what's the punch line?

Well, that it may very well be necessary to step out of our comfort zones in order to survive this real estate market. However, that doesn't mean we have to abandon all our principles and throw ourselves on the altar of Old School sales philosophies.

When considering a new prospecting technique that you aren't terribly excited about...check with your gut. If your gut is just nervous because you haven't done it before, you might want to give that idea a shot. However, if your gut is telling you that it's wrong, then mark that particular idea off your list!

What are some of your fears & hesitancies that you're willing to explore? REO's & Short Sales? Daily blogging? SOI'ing? FSBO'ing? Foreclosure auctions? Open houses? Networking? I'll share mine if you share yours!

 

ja

 

www.SellwithSoul.com

 

The Exceptional Agent 

 

 

 

 

 

 
Post is included in group: Coaching-Personal Development
Post is included in group: Introverts are (Sales) People, Too!
Post is included in group: Real Estate Rookie
Post is included in group: Realtors®
Post is included in group: Selling Soulfully

33 Comments on Today's Market Realities Part I: When to Venture Out of Your Comfort Zone... and When to Stay in...

DEC
09
2008
763,495 Points 1 Featured Post

HI Jennifer...honestly, a part of me is hesitant to do all of your above items!  he he...I have hesitated to get involved with Shortsales and REOs, calling expireds and fsbos, blogging..all of it.  But, I try to push myself to learn new things and keep up.  It is a constant struggle!

7:36am • #1

Great post, thanks for the encouragement... ill have to try harder...

7:42am • #2
367,675 Points 102 Featured Posts Outside Blog

Kristin - Me, too! I don't like venturing out of my comfort zone!

Kacem - Yeah... sorry 'bout that!

7:43am • #3
572,967 Points 9 Featured Posts Localism Sponsor Attended Rain Camp Called Shot Master

Getting out of your comfort zone can be quite the freeing experience as well! You will discover possiblities and opportunities that you may have not realized were there!

7:45am • #4
807,465 Points Outside Blog

Hi Jennifer;

Very nice post and I do appreciate your efforts in putting it together. Great writing. Happy Holiday!

7:56am • #5
198,240 Points 9 Featured Posts Attended Rain Camp

What I think is really importnat is that even a little baby step out of your comfort zone makes it easier and easier to do that dreaded item. 

I really dislike social networking events - especially when I hardly know anyone.  I have forced myself to participate in some groups recently.  I do plan ahead- some good things to say, how to introduce myself and questions to ask.  Amazing what happens when you smile and say "I don't believe I've had the pleasure of meeting you!". 

My baby steps have made it so I can sleep the night before a meeting now and not have any anxiety - maybe I'll even start enjoying the networking!

 

8:01am • #6
245,206 Points 26 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

There are things that are uncomfortable to people, me included.  I have encouraged those who just will not go beyond their comfort zone to work hard on what are their strengths and build that solid foundation, do all you can to maximize that one thing you do best.  Then put your toe in and go to the next level.  Venture to discomfort until it feels comfortable then put that other toe in.  Good words to encourage those to go beyond their feel good zone.  Thanks!

8:03am • #7
801,306 Points 35 Featured Posts Outside Blog Called Shot Master

Yup...gotta look at what you want for the results...now how are you going to get there....the same old same old isn't working for most folks any more....we are having one of our best years ever...the key is education for whatever area you are exploring...know what you don't know and learn it if you do not !

8:10am • #8

I agree. During this past year, I was asked to teach a two classes for my Board. This project involved creating all of the coursework, preparing the PowerPoint slides and handouts and teaching two classes of about 50 students each. My success in this endeavor was highly rewarding because it was an instance where I stepped outside of my COMFORT ZONE and tried something new, and in the process discovered a talent I didn't realize I possessed.

8:38am • #9
1 Featured Post

I don't like venturing from my comfort zone. Although in this environment it may be necessary. My boss often compares me to a monkey who reaches his hand into a jar for a nut, but can't get his clenched hand out of the jar. Do you drop the nut and take your hand out or do you stay stuck?

It may just be time to take our hands out of the jar and find another solution to getting the nut!

9:20am • #10
2 Featured Posts Outside Blog

I think maybe another idea is to add more things that you enjoy doing to your arsenal.  For example, I like doing direct mail.  I enjoy figuring out what to send out, designing it, etc.  I'm also really enjoying Facebook.  I enjoy blogging.  All these are activities that I've added to my arsenal over the years (when I started, most of my business came from open houses). 

Maybe it's getting out of your comfort zone and trying new things to find more activities that you ENJOY, rather than making yourself comfortable with activities you don't really care to do, kwim?

 

1:52pm • #11
924,780 Points 97 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Jennifer we should never violate our conscience, BUT we should not use our conscience as an excuse to not do what we know we must do.  Many times salespeople let FEAR and HESITENCY create excuses in the name of CONCIENCE and that only leads to failure.

5:18pm • #12
1 Featured Post Outside Blog

Jennifer:

Oh God.  I've finally found my people!!!

I absolutely hate to market myself although I am really good at marketing others.  I also don't want to make a fool/pest/ass/(you fill in the blank here) of myself either.  Some people thrive on the chase - they are like big game hunters in an open top Jeep whooping it up in unfamiliar territory.  I prefer to be the guru on top of the mountain waiting for someone I can enlighten! 

My annual fees are due.  I'm in a quandry.  I love real estate when I'm busy and hate it when I'm not.  I know what I need to do to be successful, I'm just not sure if I want to do it. 

Is it just me?  

5:51pm • #13

I really need to get out off my comfort zone ( I hate cold calls)!!! That will be my goal for this week!!!

Thanks!!!

8:13pm • #14
1,049,319 Points 177 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

I've been trying different avenues since we parted ways as mentor-mentee. Blogging is my major source of business now, hence you can understand my activity. You know how I feel about blogging as a powerful passive prospecting method. I like it that way. I still correspond with my SOI, which is my 2nd source of business. I'm also trying Borino's expireds and I do understand that I may need to step out of my comfort zone to see successful there.

I'm not afraid of stepping and venturing out. I'd love to see what I can do when I stand outside my FEAR (False Evidence Appearing Real) box. If I continue to feel uncomfortable and dont have a good feeling, I will quit. But until then, you taught me: If I dont try, I'd never know.

10:36pm • #15
282,504 Points 21 Featured Posts Outside Blog Hit Router Called Shot Master

Well, I look at it this way...when all of us introverted types got started in this business, how did we go about it without all those dreaded old school types of activities??

Right, we did it differently.  And we not only survived, we thrived.

What has changed?  Volume.  That's all.  So I think all we need to do is go back to the basics we used to get started in our first year and do more of THAT stuff.  It still works.  We just need to do more of it.

11:09pm • #16
DEC
10
2008
367,675 Points 102 Featured Posts Outside Blog

Susan - Great point! And I agree it's probably the answer; however, I do think it's valuable to explore other avenues that we might have previously ignored... maybe they'll work, maybe they won't - and, a side benefit - it might get some kinda revved up again since they're trying something new!

Loreena - That's exactly how I feel (surprise surprise). I'm willing to try some new things, but I'm positive my business plan will still center around what's always worked for me and what I'm "comfortable" with.

Andrea - Then don't do cold calls!!!!!! I hate 'em too and would never advise anyone to get over THAT particular fear!

Alyce- I loved reading your comment! And you'll find more of us at the Sell with Soul forum if you haven't checked us out already - it's a FANTASTIC group. But to answer your question... with a question... what is it you think you "have" to do to be successful, but don't wanna?

George - Agreed. Although I pretty much know when my gut is telling me "No Way!" And I trust it - if I'm feeling squeemish about doing a particular prospecting activity, I won't do it until I've found a way to be proud of what I'm doing.

7:26am • #17
410,772 Points 21 Featured Posts Outside Blog

I actually am thinking about calling FSBOs and Expireds.  I need to get stuff moving!  I do not want to just "cold call" people or door knock (I'm secretly thankful that many subdivisions prohibit soliciting and door knocking!)

8:18am • #18
367,675 Points 102 Featured Posts Outside Blog

Karen - the cool thing about trying something new is the energy it gives you. But please, don't feel the slightest bit guilty about NOT soliciting! IMO, it's just WRONG!

Speaking of FSBO's & Expireds... what's your plan of attack? Do you believe you're the best thing that could ever happen to 'em? (I suspect you are!)

8:23am • #19
208,177 Points 6 Featured Posts

Jenn- thank you for saying this--However, that doesn't mean we have to abandon all our principles and throw ourselves on the altar of Old School sales philosophies.

I was so afraid when you said you were going to start a new series and revamp your ideas that you would tell us to start cold calling and knocking on doors! Thank You for sticking to your principles.

8:25am • #20
367,675 Points 102 Featured Posts Outside Blog

Ah, Linda, surely you know me better than THAT!!!!!!!!

8:28am • #21
410,772 Points 21 Featured Posts Outside Blog

Jennifer - I bought Borino's system way back when and then was totally unable to do anything with it because I let life get in my way.  I am going to go after them with all I've got - I have successfully marketed and sold 4 previously expired listings and working on 3 more to add to my portfolio.  Of the seven previously expired listings I have had, 3 of them contacted me first - I didn't call them! 

My problem has been getting my kick butt resume together, and just actually contacting the expired people. Really, I want to say I've been "busy" but I'll be honest and say I wasn't as motivated as I should be.  I need to be more motivated - not pestery, just more motivated.  LESS LAZY! LOL

8:29am • #22
367,675 Points 102 Featured Posts Outside Blog

The cool thing about expireds & FSBO's is that (I assume) once you've done it a few times, it's much easier and maybe even enjoyable. What's always stopped me from doing expireds here in Denver is that I never found any I actually wanted! At least, that was one of my excuses...

8:35am • #23
410,772 Points 21 Featured Posts Outside Blog

One of the expireds that I sold is my "golden child."  It was an "unusual" house (I really would like to say WEIRD but that's negative.  LOL).  It had been on the market for two years with two other agents.  The price was certainly a factor (the seller didn't like my price but agreed to it anyway, and we did git 'er done) but also the marketing aspect - the previous agents did nothing to showcase the coolness of the home; they did what they could to make the listing as uninteresting as possible (bad photos, few photos, you knwo the routine). 

The buyers bought this house not only because it was in their price range, but because it was the most unusual house in the area and they LOVED that.  They never would have known that had I marketed it the same way the other agents did. 

This is more difficult to do with cookie cutter homes - how DO you make them stand out? LOL - but in this case the expired was fun.

Now I"m letting one of my listings expire and I'm hoping he lets someone else have it! How bad is that? LOL

8:42am • #24
177,087 Points 5 Featured Posts

Great advice, no use in doing something you don't feel comfortable with and if you don't feel comfortable doing it, you probably won't find success that way either.  I have been working with another Realtor on expireds for quite some time now, we'll see if it pays off!

3:13pm • #25
DEC
11
2008
1 Featured Post

I'm learning how to overcome my fear of thinking I'm pestering someone when I do step out of my comfort zone, pick up the phone and start making calls.  In reality I'm just trying to find out if I can help someone in need, there is no harm in that. 

12:11am • #26
DEC
12
2008
175,177 Points 8 Featured Posts Attended Rain Camp

I'm so glad I found this thread!  People like me! Yay! It's as if you've been reading my mail. I hate receiving unsolicited sales calls and make a point to NOt buy anything from anyone who contacts me that way. So naturally, this makes it hard for me to intrude on others with my cold calls. EXCEPT when it's an Epired or FSBO, at least I know these are people who want to sell their homes and need my service. Still, I'd rather mail them something than make that unsolicited call. But the hard fact is, calling works better.

8:57pm • #27
DEC
13
2008
588,234 Points 80 Featured Posts Localism Sponsor Outside Blog Hit Router Attended Rain Camp

JA - I love the way you think and the way you write.  It is great.  As usual, you bring up some good points.  I think agents should do a little of everything that they are comfortable with and a little that they are not comfortable with.  And if it is something that one is totally not comfortable with, than X that out.  So within that frame, there is so much to do.  Sometimes it is within ones comfort zone to do it, but it just is not being done at all.  Which is why just being proactive is critical.  The more one puts themselves out there, the more potential for business their is.

I think blogging is a great way to start and be consistent with ones blog weekly.  Also targeting a certain sector of ones market is important.  We send out weekly letters to expired and withdrawn listings - no phone calls or door knocking.  Simply from our letter, this past year we must have got over 10 listings, many of which have already sold.  It is a soft letter and invites them to call us.  Further, we only send the letter out in certain neighborhoods that we have been targeting and are our expert marktets.

Am very interested in knowing your shares of experience and plans for 2009 as well.  ~ Chris

7:40am • #28
367,675 Points 102 Featured Posts Outside Blog

Chris - I always love your comments on my comments! And I think you put it very well - try a little of everything, but be comfy deleting something from your plan if you don't like it! Except I know that I don't need to try cold-calling! Blech!

I'm still stewing over my plans for 2009. I have so much going on in the speaking/training/writing part of my life that I'm not sure where selling real estate fits in. I enjoy selling real estate and I'm rather good at it, AND I like the material it gives me to write about (!), but I don't think it's what I'm called to do right now. However, it sure does pay well...

8:06am • #29

 

Jennifer, reading your Posts are EEERRRIIIEEE!, it is like you are picking words out of my brain that have been there for years and need to come out!!!

Being the INFJ that I am, I can so relate to your attitudes about business. Its really interesting to read your comments and consider where you are in life, I'm about 20 years ahead of you and it all still matches.

BIG DAN Corsair
11:09am • #30
DEC
15
2008
123,282 Points 1 Featured Post

Jennifer-

I think we are all struggling with getting out of our comfort zone.  I just spent several days preparing a business planning training session for our office.  All this is part of my plan though as I want to use the training I am doing to recruit new agents. 

I have stepped out of my comfort zone and trying my hand at expireds and withdrawns.  No luck so far, but I will keep it up and see what happens.

10:22am • #31

Going out of my comfort zone: I do it but I don't really like it but maybe if I do it more often, I won't mind it and may actually come to enjoy it. You think? I, too, hate to think I might make a fool of myself, say the wrong thing, accidently insult someone, etc. but I guess I just need to have more confidence in myself because so far, I've done okay so I must be doing something right. You'll never know if you don't try it, right?

1:42pm • #32
JAN
19
2009
1 Featured Post

Jennifer,

   Ok, I hope this response doesn't go too long but I think it's good stuff. While my fellow Realtors are out on the golf course I'm on a ropes course. I am a facilitator because I love it. Don't tell the company but I'd do it for free. It's that rewarding. I work with all sorts of groups but mostly I love corporate, military, police and leadership groups. They are groups that come out with a purpose. One of the more powerful events we have is called the leap of faith. Basically you climb to the top of a 25' pole, stand on top and jump out to catch a trapeze. It's not physically hard but it's probably the most emotionally challenging event on the course. I've had to do many "emotional" rescues where the clients are yelling, crying, even sobbing hysterically because they're so terrified. What makes it worth all the crying is to see them when they come down. I remember one corporate customer who was hysterical up there. I talked to her after the program. When I asked her about the event she started crying and clenched her fists and said "I have dreams and now I know I can face anything" Pushing through fear is powerful. Pushing through terror is life changing.

    Many years ago I use to teach classes on that kind of thinking. Lots of Tony Robbins among others. After some of the gut wrenching struggles I've faced this past year I decided to pull out some of my old tapes and listen. It was mixed for me. On the one hand, the information was good. On the other hand I could only ask, what had I let happen to myself. I listened to myself share personal stories of pulling off unbelievable things. I was so angry with myself for letting others talk me out of the person I knew I could be. Life really beats us up sometimes. The sad thing is, it happens so slowly we don't even know it. It's time to live out new incredible stories. The past doesn't pay the bills. I've asked myself if I do it as a people pleaser. Funny thing is, people talk about you no matter what you do so might as well do what you know to be true and right. Just my thoughts!

4:06pm • #33

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Jennifer Allan-Hagedorn, Author of Sell with Soul

Pensacola Beach, FL

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