Hello to all of my Real Estate Virtual Assistant colleagues. Wow what a crazy end of year it has been, now that the holidays are over and things seem to be settling down and the new year is in full swing I thought I would post to our network to see what other VA's are doing in these challenging times. Within the last 3 months alone I have had 3 clients tell me they can no longer afford my services that is one client a month. I can't afford to loose clients at this rate or at all. Are any of your experiencing the same situation?
With the changing market and many Realtors having a hard time in this market they are pinching every dollar they can which ultimately affects us as VA's. Many of us charge an hourly rate of $20-$40 which is definitely worth the cost. But I am finding that many Realtors are cutting us out of their plan for the new year until they get money coming in.
I wanted to know how other VA's are changing and trying to stay alive in these times. I am looking an re-evaluating my business model and have some ideas for the coming year, wanted to know if many of you are doing the same thing. Whether it be changing your rate, adding other business options that coincide with your current model etc.
Just thought this would be a good sounding board for those to bounce ideas off of each other and to see how others in our industry are thriving and moving forward when many of us are falling behind.
I have focused more on various brokers/managers, picking up a lot of corporate marketing jobs. I am also working with a lot of Realtors right now creating their business plans for 2009 and marketing plans to support those business plans. Naturally, many of those marketing plans include monthly services from me. Another big service I have been promoting successfully is Power Point listing presentations.
I have also focused my recent prospecting towards RE/MAX and Keller Williams. Their agents' entrepreneurial approach to business, specifically marketing, includes a personal investment. I have found they are far more willing to continue to invest in my services than the traditional broker agents who are reeling from both a down market and severe cutbacks in company-provided services and systems.