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Working By Referral...

By
Real Estate Agent with RE/MAX Elite

 My aha moment...

I recently had the privilege to attend Brian Buffini's Turning Point Retreat, and the two days of training dramatically changed the way I think and run my business.

Let me start from the beginning...

When I first became a Realtor (July 2006) I was ready to work hard, but the office I was working at offered little to no help in getting started. As a new agent coming from a retail management background, I had no idea what I needed to do to start building my client base. I passed my real estate license test with flying colors, but that was the extent of my knowledge of the real estate industry. I would go into the office three times a week for phone duty, but I never once received a call regarding real estate (honestly). This went on for a couple months, and I knew I needed to head another direction. At this point I was 9 months pregnant (it's now  September 2006), so I figured it wouldn't make too much sense to start looking for another broker to work for since I would need to be off for a month after I had the baby.

In November 2006 I started at Weichert Realtors, Unum Properties. I couldn't be happier. The people I work for and with are great, and I finally found the training and direction that I so desperately was looking for. I have been with Weichert a year now, and I am just now feeling pretty confident in my real estate skills.

The problem...

By the time started at Weichert, it had been quite awhile since I had last received a pay check. I was in need of clients and closings. When I closed my first transaction I was on to the next one. I felt like I was playing catch up to make up for the four months that I wasted at the office I started at, and all the bills I had been falling behind on. After I closed the second transaction, I was onto the next one.

I was letting my personal needs get in the way of doing my job. I wasn't focusing on the fact that I was assisting people make one of the biggest financial decisions of their life. I was looking at each client as a possible check, and in my mind I was thinking about what bills I would pay. It was devastating when a deal died.

I don't think that I was a terrible agent. I got along great with my clients throughout the home buying/selling process, but as soon as we walked away from the closing table I was off looking for the next deal to close.

Change...

"Oh by the way, I am never to busy for your referrals." If you attend a Turning Point Retreat you will get very used to saying this. Brian Buffini's system is all about building your business on referrals. Which means looking at your data base in a whole new way. It's not about data, it's about relationships.

How many times a week do you give referrals without even thinking about it? I did it today. I was at a listing appointment, and my client mentioned that she is going to have the carpets cleaned. I instinctively said, "you have to call this guy, he does a great job at a fair price".

I think it comes down to the golden rule. "Do unto others as you would have done to you." I have made a commitment to take care of my clients from the first meeting and after the transaction closes. I have only been doing this for a few weeks now, but already I am reaping the rewards. It it so much more rewarding (and less stressful) when you focus on the people involved in the transaction vs. the check. When you do everything falls into place.

This past Monday I teamed up with the mortgage planner from our office, and we spent the day delivering pumpkins to our clients. It's the little touches that help show people you care.

If you have a chance to go to a Turning Point Retreat I would strongly recommend it. I am so thankful that my broker sent me.

             "Today is where your book begins, the rest is still unwritten..."(Natasha Bedingfield).

Mark Lomas
Santa Barbara Real Estate - Santa Barbara, CA
Experience You Can Count On!

Oh, by the way, boldness has genius, power, and magic in it!  Careful with "Oh, by the way" some of the public is getting bombarded with that line so some variation might work best if your community hasn't been Buffinized! All the best!

www.MarkLomas.com       www.TheRealEstateScene.com

Nov 03, 2007 11:33 AM
Jim Mazziotti
EXIT REALTY BEND - Bend, OR
Exit Realty Bend

Kristy,

I also attended a "By Referral Main Event" two years ago in Portland, Oregon. I'm not sure if you signed up for the coaching and the membership, but a word of warning.  By Referral Only provided me with excellent ideas, scripts and pointers.  But I would say that By Referral Only is, and should be, only one part of your business system.  Don't depend on By Referral Only for all of your business.  You still need to time block, prospect and plan your business carefully. 

Delivering pumpkins is nice and it can be effective....and I applaud you for that (hopefully you told a television station about it and had some local coverage), but keep your momentum going. It was even a better idea to have a mortgage lender go with you! Great job.

By the way, are you going to try the "Ugly Yellow Sign" idea?  If you do it...and stick with it...it'll work.  Work closely with your mortgage lender on generating calls, making appointments, qualifying buyers and closing transactions!  Don't stop with just the signs.  Post the same conceptual idea on posting boards and anywhere where people will see your ZERO DOWN ad!

 

Nov 03, 2007 11:42 AM
Jim Mazziotti
EXIT REALTY BEND - Bend, OR
Exit Realty Bend

Geeze...after re-reading I guess I was caught up by your "By Refferal" headline.  Guess I am caught up in the line from Joe Stumps training I received from "By Referral Only."  Sorry about that.  But, I did work closely woth a Realtor who also attended the Buffini event like yourself.....and I too used many of the same ideas from his program and yes, the ol' "by the way" line. 

So...if you want some other ideas, you may go to Youtube and type in Ugly Yellow Signs or Joe Stumpt or By Referral Only.  I found some very good short video clips there that might be helpful to you!

Nov 03, 2007 11:53 AM
Kristy Gitzlaff
RE/MAX Elite - Paddock Lake, WI
Kenosha & Racine Real Estate Specialist

Mark~Thanks for reading. 

Jim~ Thanks for taking time to read my post. I'll have to check out the "Ugly Yellow Signs". I agree with you that it takes more then just delivering pumpkins to build your business. There are a few other things I do to help build my client base. The Buffini training made me realize that I needed to take care of the clients that I currently have and the clients that I have closed.

Nov 03, 2007 12:15 PM
Randal Keberlein
Weichert Realtors, Precision - Kenosha, WI

Kristy:

You turned Dave Leker into a "raving fan" and he is not the easiest guy to impress.  You are obviously on to smething and please, stick to it and keep doing it.  The best strategy is to provide a service in a manner that exceeds expectations and you are ideally equipped to do it.  I agree with Jim that you need to "plan your business."  I would be happ to help you put your plan together.  And, great job with the Lekers.  Even if their home doesn't sell (I think it will) you have profited by having someone who will refer you to their friends. 

Nov 03, 2007 01:05 PM
Kristy Gitzlaff
RE/MAX Elite - Paddock Lake, WI
Kenosha & Racine Real Estate Specialist

Randy~ Well, I have to admit that my biggest weakness is sticking with something. It's a big transition going from a "real job" that is very structured to being self employed.

I would welcome help planning my business. I feel like I am all over the place right now.

I agree that Lekers will sell, I think it is a great house. We just need to keep in mind that houses are taking a longer to sell, but they are still selling. 109th is a perfect example it went on the market in May, and it's just now closing.

Nov 03, 2007 02:04 PM
Tom Braatz Waukesha County Real Estate 262-377-1459
Coldwell Banker - Oconomowoc, WI
Waukesha County Realtor Real Estate agent. SOLD!

Kristy,

I enjoyed your post. I have found that Real Estate is kind of like a recipe. Take what is presented to you, use it, edit it if you can, and add other ingredients such as other motivation elements. Zero in on what works, and is duplicatable.

I think you are right on track to be a superstar!

Tom Braatz

Nov 04, 2007 04:16 AM
Kristy Gitzlaff
RE/MAX Elite - Paddock Lake, WI
Kenosha & Racine Real Estate Specialist

Hi Tom~ Thanks for taking the time to read my blog. I think it all comes down to consistency. It's all about having a plan, and consistently working the plan.

Sometimes it's a little overwhelming because there are so many directions you can go in this business.

Nov 04, 2007 11:15 AM