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What are your Three Challenges to success in this business?

By Mitch Ribak

Real Estate Broker/Owner with Mitch Ribak - The Real Estate Success Network

October 07, 2009 02:56 PM

Hi Everyone!

Sorry I haven't written much lately. I have been swamped with my companies. Just a quick update. Tropical Realty of Suntree, my Real Estate Brokerage is doing great. This past month we wrote 44 contracts. Not bad for only 20 Agents in this market. We have 41 scheduled to close this month. Very exciting! 100MPH Marketing is finally in beta launch with a couple of small brokerages being set up. We are just about to launch our basic crm which is great! The eHomes Realty Network continues to be the source for over 100 members who I help whenever I'm needed...a lot these days! Finally, our new company, 100MPH Referrals is brining on it's first market in Orlando Florida. We don't have a website on this yet, but will soon. If you are in a market where the average sales price is over $400k, we are looking for Realtor partners to work our leads. Drop me a note if you are interested in finding out more. All in all life is good and exciting! On top of that my wife hasn't left me yet! That's a good thing.

So one of the things I mentioned to my members the other day was what are the Three Biggest Challenges that affected them from getting what they want out of this business. There were a ton of things. Here is a short list.

Converting Internet leads to customers
Motivation - Self motivating yourself is quite challenging to many of us
Short Sale - Is there a great place to find the answers
Lead Capture - How do I get more Internet leads from my traffic
How to not lose listings to agents who over price their homes to get the listing
How to keep deals from falling apart
Market Data - Is there a way to use Market Date and if so, how
Focus
Time Management - Is there really enough time in the day to do everything
And more!

These are all challenges to all of us. It's so hard to beat all of these things, but what would happen to your business if you were able to beat two of these or three of these. Your business might double or triple. In the end, you have two choices in this business. You can either work and run this business as a business or you can treat it as a hobby and not put the effort in your business. For me, I believe in doing things the best of my ability. Does that mean I don't ever have my moments when I want to be lazy? Of course I do. I get burnt out like all of you. I know how hard this business can be on you. However, I also know, with a little effort, this is one of the best businesses in the world. Yes other Realtors can be pretty difficult and many have little ethics. But, where else can you start a business for a couple thousand dollars and earn a good income your first year. This business offers you a lot of benefits, but, it is a business. It must be run like a business and you must put the time and effort in, especially at the beginning, if you want to build your future. The only thing that separates you from the Agents that are selling 50 homes a year is a great plan and work ethic. If you have both these ingredients you can't help but be successful.

Tomorrow, Thursday at noon est, I will be holding a webinar for my members. I don't usually make these available to the public anymore, but as I was going through my presentation for tomorrow, it made me realize that there are a lot of people that would benefit from this webinar. If you are interested in attending please register at: https://www2.gotomeeting.com/register/842832594

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