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Best Business Practices and getting better

By
Real Estate Agent with The Virtual Real Estate Team 104556

Alex Charlene of The Charlene InstituteI entered real estate in October 1989 after 16 years of owning retail electronic stores, so dealing with the public was nothing new to me. In fact I knew I was an entrepreneur at 7 since my older siblings would have me sell their candy for them to win school contest. Going door to door became second nature. Since we were in a foreclosure oriented market still I knew that open houses were the key and I did them at least 2 times a week for the first two years. I was broker when I started so I would get to the Murrah Building at around 3:00 pm on Thursday, park in front, and stay their until 7:00 AM the next morning to be one of the first to book a HUD open house. Many people joined me in that so when you are broke pride is something you can't afford. By using my well hone sales skills and never letting up I closed 43 HUD homes in my first year. Everything seemed downhill from there and I still have one person still in business who did the same and we do look back fondly, but always tinged with sadness knowing the people who died in the horrific bombing in Oklahoma City. I still wish I had the ability to flirt with Tris Nix and to joke with many others.

I have had many mentors that I have mentioned recently. Certainly Pat Zaby and Howard Britton come to mind and still make a difference in what they taught me. The person in the picture with Charlene and I is Alex Charfen of The Charfen Institute in Austin. Alex trained over 40,000 agents in short sales and then segued into classes and courses on entrepreneurship. I mention Alex because his LEAD program put synergy and congruence into our business as well as out lives. The switch to short sales after 2008 kept us going until my investment business came roaring back. But the business practices we had became coherent with LEAD. The result is profits are up, volume up, more free time, and well, more happiness. Happiness was never one of our primary goals but all the above changes can help create it.

Today, most of my business comes from speaking at seminars. I spoke in Tel Aviv in July and I will be making my third trip to San Francisco to speak on September 9th. Video has been the second business builder, but I want to build the business bigger but not for me since I have maybe 5 more years of doing what I do. I want to build it for others to take over and prosper so my next goal is to learn to pod-cast. I have been a guest on other pod-cast and business has resulted from it but I though pod-cast was yesterday's marketing but it is not. After that maybe Facebook Live but certainly Facebook Ads. I am currently reading marketing literature from Click Funnels and doing other studies but the older you get the more important it is to having intense learning experiences. Business is great and so is life but as my Mom showed me in her 90's, learning something new and changing is the best of all possible worlds.

James Dray
Fathom Realty - Bentonville, AR

Good morning Joe.

When I think about it, I have never had a day that I did not learn something new.  This day has just started and already I've learned something. 

Aug 07, 2017 03:15 AM
Dan Jasmer
Fine Properties - Sarasota, FL
Changing the way you look at real estate

Joe, so much to learn (and do!)   Thank you for the post and the "push" I needed to try someting new.

Aug 07, 2017 03:28 AM
Myrl Jeffcoat
Sacramento, CA
Greater Sacramento Realtor - Retired

Your ability to close 43 HUD homes in your first year, is quite an accomplishment, Joe!

Aug 07, 2017 04:00 AM
Brian England
Ambrose Realty Management LLC - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

Wow, you have come a long way since having to wait in line for HUD open houses.

Aug 07, 2017 07:14 AM
Nick Vandekar, 610-203-4543
Realty ONE Group Advocates 484-237-2055 - Downingtown, PA
Selling the Main Line & Chester County

We are never to old to learn, great question each day is what have I learned today. Enjoyed your story and it is such an encouragement, again showing there are multiple ways to earn a living in this business.

Aug 07, 2017 08:43 AM
Anna "Banana" Kruchten
HomeSmart Real Estate - Phoenix, AZ
602-380-4886

Joe Pryor awesome stories!! Why am I not surprised you were the master candy selling as a kid!  You've got your game figured out to a T. Bravo!

Aug 07, 2017 04:46 PM
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

What a start and you did what many are not willign to do, you worked your butt off. Thanks for sharing your story, Joe.

Aug 07, 2017 07:09 PM
Elizabeth Weintraub Sacramento Broker
Elizabeth Anne Weintraub, Broker - Sacramento, CA
Put 40 years of experience to work for you

We do what we have to do, Joe, and that's what sets the winners apart from the losers. It's obvious you are successful because of your tenacity and willingness to do what others are not.

I, too, remember taking on short sales in 2006, which catapulted my career. Nobody else wanted the job.

Aug 08, 2017 07:42 AM
Sheri Sperry - MCNE®
Coldwell Banker Realty - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

Hi Joe, 

You started out at a very young age as a successful salesman and built your foundation for future success. I am not sure how many realize what a grueling business that retail electronics is....and you make that work!  That says it all to me. Great story! 

Aug 08, 2017 08:11 AM
Kathy Streib
Cypress, TX
Home Stager/Redesign

Joe- you have an energy and mindset for sales and putting things together!  I too have to agree 43 HUD homes your first year!!! Amazing. 

Aug 08, 2017 05:48 PM
Jan Green - Scottsdale, AZ
Value Added Service, 602-620-2699 - Scottsdale, AZ
HomeSmart Elite Group, REALTOR®, EcoBroker, GREEN

Excellent thoughts Joe!  I appreciate your tenacity in getting HUD listings as I did something similar with condo conversions - sitting in a chair for 36 hours at a Westin to buy a condo to flip.  Numbering your hand to stay place, kept everyone honest!

Aug 08, 2017 06:27 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Ho Joe... loved reading about your story and journey... and loved learning a bit more about you.

Aug 09, 2017 05:50 AM
Roy Kelley
Retired - Gaithersburg, MD

Thank you very much, Joe, for sharing your experience and some of your successful business practices.

Aug 09, 2017 06:10 AM
Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Flower Mound, TX
Selling Homes Changing Lives

Joe Pryor - I am convinced you were born to win. Although your journey wasn't always easy, you never gave up. Along the way, you met many people, you listened, learned, and helped others too. You truly are an incredible man. 

Aug 09, 2017 02:21 PM
Dorte Engel
RE/MAX Leading Edge - Bowie, MD
ABC - Annapolis, Bowie, Crofton & rest of Maryland

Dear Joe,

I bet your 7-year old self was a sight to see. Learning about asking & rejection so early must have made you fearless later on.

Aug 09, 2017 08:28 PM
Mary Hutchison, SRES, ABR
Better Homes and Gardens Real Estate-Kansas City Homes - Kansas City, MO
Experienced Agent in Kansas City Metro area

This was an interesting blog and loved the description of getting up early to be the first one for the HUD homes--what dedication and it paid off!

Aug 09, 2017 08:31 PM
John Wiley
Fort Myers, FL
Lee County, FL, ECO Broker, GRI, SRES,GREEN,PSA

Joe, it is obvious you are not a sit still kind of person. You understood at a young age that success comes from working hard and going after the business.

These are great reminders for us.

Thanks for sharing.

Aug 10, 2017 05:40 AM
Debe Maxwell, CRS
Savvy + Company (704) 491-3310 - Charlotte, NC
The RIGHT CHARLOTTE REALTOR!

Your motivation and tenacity paid off for you, Joe! What is so interesting is that you held a HUD open house - never heard of one of those but, how smart you were to do that. You knew your niche before you ever really KNEW your niche! I love it, Joe!

Interesting story of your success, Joe - I've always known you were impressive and am more convinced with every tidbit you share! Have fun in San Fran next month - for a 3rd time this year!

Aug 10, 2017 08:32 PM
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello Joe,  Wow what a great story you have for us here in the rain.  Always love to hear how people get in outr business.

 

Aug 15, 2017 09:46 AM
Stavrula "Sam" Crafa, RNC,GRI, CDPE, PSA
Future Home Realty - Seminole, FL
Providing the integrity and service you deserve.

Hi Joe Pryor , I loved reading your story. It's interesting to read about everyones journey in real estate. Congratulations on your featured post and continued success. 

Aug 15, 2017 08:34 PM