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The ONE Thing To Know As A Real Estate Agent

By
Education & Training with Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals.

One FingerDid you see the movie City Slickers?   If so, do you remember the scene where Curly asks Mitch if he knows the secret of life?   Here is the dialogue:

Curly:  Do you know what the secret to life is?   (Curly holds up one finger)

Curly:  This

Mitch:  Your finger?

Curly:  One thing.  Just one thing.  You stick to that and the rest don't mean shit.

Mitch:  But what is the one thing?

Curly:  That's what you have to find out


The ONE thing in life may be different for each person but when it comes to real estate sales, it's always the same.  Sadly, in real estate, many agents are left to figure this ONE thing out for themselves.

Do you know what the one thing is that will make you wildly successful in real estate?

I'm here to tell you.  The ONE thing to know as a real estate agent is:  W.I.I.F.M.


As a real estate agent, all you need to remember is the acronym WIIFM... What Is In It For Me? That's it. That's what people want to know.  They want to know you can help them get what they want, need or desire.  All they want to know is what is in it for them.  

All you have to do is become THE source of valuable information on all things real estate in your local market area.   Provide the information people want and need in order to make sound decisions, and YOU will be the natural choice when it comes time to buy or sell real estate.  

Don't promote yourself.  Promote your knowledge.  That is what will get people's attention.  That is what will help people.  That is what is going to get you business.

Knowledge is power in real estate.  Do you have any idea how much self-confidence you will have talking to people when you know... I mean really know... your market area?  It doesn't matter whether you've never sold a house before, or if you've sold 10,000 houses.  Not one person ever asked me how many homes I sold. Not my first client.  Not my last client, or anyone in between.   They only cared about what I could do for them.   

If people know you are the market expert and can help them get what they want, they will want to work with you.  That is how to promote yourself as a real estate agent. 

The avenues for getting this "valuable information" out to the people are numerous:
   Blogging
   Networking (so many ways to do this)
   Direct Mail
   Social Media 
   Door Knocking (careful with this one)
   Give seminars
   ... and many more

We can talk about disseminating information another time.  In the meantime, become knowledgeable on all things real estate in your market area.  It's a game changer.

Your for success,
Carol



Posted by

Carol Williams

"Information is FREE.
Knowledge, Experience & Integrity Are Priceless."

- Carol Williams

Retired: Real Estate Broker/Owner, Property Manager 
Coaching, goal setting, and marketing consultant

Active: Golf & Travel Blogger
"Golf isn't a sport. It's a lifestyle."
SeniorWomenGolfers.com
TopTeamCarol@gmail.com
 

Happy March !




Comments(26)

Roger D. Mucci
Shaken...with a Twist 216.633.2092 - Euclid, OH
Lets shake things up at your home today!

Such and excellent and well written post, love your way of thinking.

Feb 13, 2016 09:01 PM
Carol Williams

Thanks Roger!

Feb 13, 2016 11:18 PM
Sandy Padula & Norm Padula, JD, GRI
HomeSmart Realty West & Florida Realty Investments - , CA
Presence, Persistence & Perseverance

Carol Williams And the W.I.I.F.M. is what makes the true professionals stand out from just being 'Order-takers' and becoming Professional Sales People.

Feb 13, 2016 09:08 PM
Carol Williams

It's amazing how easy it is to stand out from the competition, armed with knowledge.  :-)  

Feb 13, 2016 11:21 PM
Sheila Anderson
Referral Group Incorporated - East Brunswick, NJ
The Real Estate Whisperer Who Listens 732-715-1133

Good morning Carol. I never thought about this the way you described it, but you are right.

Feb 13, 2016 10:22 PM
Carol Williams

Thanks for reading, Sheila.  I'm glad you enjoy it.  

Feb 13, 2016 11:21 PM
Dorie Dillard Austin TX
Coldwell Banker Realty ~ 512.750.6899 - Austin, TX
NW Austin ~ Canyon Creek and Spicewood/Balcones

Good morning Carol Williams ,

So glad Kathy Streib featured this post in her "ah-ha" moments for the week! Well said..you are right knowledge is power in real estate. Become the trusted resource and you will have more business than you can handle!

Feb 13, 2016 10:43 PM
Carol Williams

Yes... I found that to be true.  Sharing what you know is the best way to become a trusted resource.  

Feb 13, 2016 11:22 PM
Kristin Johnston - REALTOR®
RE/MAX Platinum - Waukesha, WI
Giving Back With Each Home Sold!

I can see why Kathy chose your post to be part of her weekly summary!   Great stuff!

Feb 13, 2016 10:59 PM
Carol Williams

Thanks, Kristin.  Glad you found the post interesting.  Freely sharing knowledge is very powerful.  

Feb 13, 2016 11:23 PM
Sharon Tara
Sharon Tara Transformations - Portsmouth, NH
Retired New Hampshire Home Stager

This is very important when a stager (or agent) is trying to express the reasons behind the suggestions for improvement to sellers. If you can get them to understand the benefit to THEM, they do what you suggest.

Feb 13, 2016 11:57 PM
Carol Williams

So true, Sharon.  And the seller needs to look at it from the buyers point-of-view... it's a trickle down thing, isn't it?  Thanks for reading and commenting.

Feb 14, 2016 12:24 AM
Paul S. Henderson, REALTOR®, CRS
Fathom Realty Washington LLC - Tacoma, WA
South Puget Sound Washington Agent/Broker!

Spoken like the true Profit of knowledge in Central Washington Carol Williams

Happy Valentines day!

Feb 14, 2016 02:07 AM
Carol Williams

Profit or Prophet, Paul?  The idea is to accomplish both.  LOL

Feb 14, 2016 04:10 AM
Gayle Rich-Boxman Fishhawk Lake Real Estate
John L Scott Market Center - Birkenfeld, OR
"Your Local Expert!" 503-739-3843

Carol, this is stupendous! It should have been featured. I would have loved to have seen a photo of those two characters from one of my favorite movies.

Another great line from it, "Go find your smile". That one I've shared with my husband through the years....

Feb 14, 2016 03:21 AM
Carol Williams

Thanks for reading, Gayle!  Lots of good lessons in that movie!

Feb 14, 2016 04:09 AM
Anna "Banana" Kruchten
HomeSmart Real Estate - Phoenix, AZ
602-380-4886

Carol popping on over from Kathy Streib favorites post!  Years ago - way back in 1995 I took a 3 or 4 day seminar from joe stump and brian buffini.  I recall being asked to write out WIIFM on a card and face it towards the instructors. I never forgot it!  It's all about them!

Feb 14, 2016 03:56 AM
Carol Williams

Great visual, Anna!  A whole room of WIIFM's!

Feb 14, 2016 04:08 AM
Teresa K. Nelson
Compass - Woodinville, WA
Your Trusted Real Estate Advisor

Don't promote yourself.  Promote your knowledge. Exactly. I needed this reminder today. Thanks.

Feb 15, 2016 03:03 AM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Carol Williams - indeed a great lesson.

I remember listening to Floyd Wickman's CDs in early 2000 - where I heard for the first time WIIFM!

Are we listening to our clients?

Feb 15, 2016 02:37 PM
John Meussner
Mortgages in AZ, CA, CO, DE, FL, GA, IN, MD, MN, MT, NC, NJ, NV, OK, OR, PA, SC, SD, TN, TX, UT, VA, WI - Fair Oaks, CA
#MortgageMadeEasy Fair Oaks, CA 484-680-4852

Great message, Carol, and indeed, people need our knowledge, so that's what we should be sharing.

Feb 16, 2016 04:49 AM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Carol

This is excellent, and I'm back reading it again as I just had a situation with a new prospect that reminded me of how important it is.

It really speaks to the heart of what we do, and what buyers and sellers want. And don't we really act the same when we need or want a product or service? 

Jeff

Apr 18, 2016 08:14 AM
Carol Williams

Hi jeff,
I'm so glad you found it interesting enough to re-read.  That movie had a lot of great lines and lessons.  Have a great week.

Apr 18, 2016 11:48 AM
Mimi Foster
Falcon Property Company - Colorado Springs, CO
Voted Colorado Springs Best Realtor

What a fantastic post, and so absolutely true. The bottom line, whether you have a good relationship or not, they don't really care about you, they care about them and what you can do for them. EXCELLENT!

Apr 18, 2016 11:32 AM
Carol Williams

Hi Mimi,
Thanks so much for reading. You're so right about the "bottom line".  

Apr 18, 2016 11:45 AM
Gayle Rich-Boxman Fishhawk Lake Real Estate
John L Scott Market Center - Birkenfeld, OR
"Your Local Expert!" 503-739-3843

Carol, I re-blogged this today after hanging onto it for just the right moment. I really loved re-reading it as Jeff Dowler CRS says in his comment. First of all, I LOVED City Slickers....many times I've said to my husband "go find your smile". He is kind of living this movie right now--seriously! We bought a 5AC ranch, we now have a mule and a horse, we're out in the middle of nowhere (even further out than on our Fishhawk Lake property) and that one thing that he craved was a "piece of land" he could call his own. '

Now, for me, my one thing--at least in the biz--is Fishhawk Lake and I figured out my niche early on. It makes life so much simpler. 

Speaking of simple...we are now debt-free, another  ONE THING that my husband was seeking to accomplish. 

Apr 18, 2016 11:43 AM
Carol Williams

Hi Gayle Rich-Boxman Fishhawk Lake Realtor (503)755-2905 
Thanks so much for the re-blog.  I am so glad you are focusing on your ONE thing.  Life sounds good for you!   ""Go find your smile".  What a great line!  Have a great week.

Apr 18, 2016 11:47 AM
Monte Wall
Keller Williams Premier Realty - Katy, TX
Keller Williams Premier Realty - Katy, Texas

Well Carol, anoher great post.  I headed over here from your suggestion on your other post today about knowing my market.  Wonderful information.

Aug 11, 2016 11:19 PM
Margaret Rome Baltimore 410-530-2400
HomeRome Realty 410-530-2400 - Pikesville, MD
Sell Your Home With Margaret Rome

Sounds like a Floyd saying: WIIFM. Thanks for pointing over to this post.

Aug 12, 2016 12:37 PM
Marilyn Goure
Keller Williams - Omaha, NE
RE Agent serving whole Metro Area

Thanks Carol!  Question:  Why is do you not recommend Door Knocking? "Door Knocking (careful with this one)"  

Aug 23, 2016 12:16 PM
Peter Mohylsky, Destin BeachPro
PMI. Destin - Miramar Beach, FL
Call me at 850-517-7098

I love the movie city slickers.

Sep 28, 2016 09:22 PM
Beth Bromund
Coldwell Banker Weir Manuel - Rochester, MI
REALTOR (248) 651-3500

I think I may need to rewatch City Slickers now that I'm of the age where people talk about procedures and such! That's a great tie in to real estate, and easy to remember the acronym.

Feb 03, 2017 02:58 AM