Tag: Real Estate Team Leaders

In today’s fast-paced world, there are countless conference opportunities for agents, team leaders, and broker-owners. Among them, Inman Connect events in New York and Las Vegas. This year’s Las Vegas event was no exception, offering a wealth of learning and networking opportunities.

The main topic?

Co-op commission sharing is dead, and how to move forward in a new commission model. 

No matter which conference you choose to attend, it’s essential to have a plan for what comes next. That’s where my 4-Step Post-Conference Guide comes in. Professional conferences are unparalleled opportunities to expand your network, gain fresh ideas, deepen connections, break out of your routine, and shake things up.

Yet, many of us struggle to take action after these events. Why is that?

Often, it’s because we return home with an overwhelming amount of information to process.

To combat this, it’s crucial to create a post-conference action plan that empowers you.

The key to a successful post-conference routine is taking ACTION.

Here are 4 steps to maximize your conference investment:

1. Network Post-Event: Don’t let those valuable connections fade away. Follow up, close the loop, and build relationships for referrals, accountability, and more.
2. Leverage Your Social Channels: Showcase your commitment to excellence and service by sharing your conference experiences on social media. Highlight how your time investment benefits your customers and potential clients.
3. Organize Your Notes into a Checklist: Commit to action by creating a checklist of key takeaways and sharing it with an accountability partner, mentor, or coach. Checklists are powerful tools that help you get more done and keep your brain happy. According to research summarized by best-selling author Maria Konnikova, here’s why:
   • Your Mind Seeks Organization: Lists tap into our preferred way of receiving and organizing information at a subconscious level.
   • Spatial Processing: It’s easier to remember items when they’re written down in bulleted or numbered points.
   • Categorization: We process information more efficiently when it’s organized into lists rather than clustered in paragraphs.
   • Time Awareness: Knowing how long tasks will take increases our commitment to completing them.
   • Self-Reinforcement: Checking off items from a list provides a dopamine hit, encouraging us to return to the list for more.

   Do your brain a favor and break down what you learned into actionable checklists.

4. Take Action NOW!: Don’t wait! Procrastination only delays your success. Implement what you’ve learned immediately.

So, there you have it—4 steps to make the most of your conference experience!

Have you ever noticed a correlation between winning, market performance, and being a “solutionist?”

• How do I add more value?
• How do I contribute more?
• What problems can I help solve?
• When I place the client’s needs above my sales objectives it leads to more referrals and more business

That’s a growth mindset for winning in any endeavor, yes?!

“Solutionist!” 

Ask A Better Question

The power of questions is the basis of all human progress. ~ Indira Gandhi

As you read this, how many days remain in the year? My business partner and I are going through this exercise next week for our business and our personal life.

Maximizing the time you have remaining this year starts with five quality questions.

Five Quality Questions:

1. What are the most important lessons you learned about yourself and your business this year?
2. As a result of question #1, what is your plan to correct the course and close stronger than you started?
3. What new disciplines must you start NOW and master to create the most successful close to the year?
   1. Who will hold you accountable?
4. What new skills will you need to master to compete in the next 90 days?
   1. Marketing to create more appointments?
   2. Upgrade your capabilities presentation?
   3. Handling the most common objections using the P.A.I.D. model?
5. What new (or existing tool do you already have yet underutilize) or technology or lead generation tools will you master to bring your business to a new level?

There you have it – five quality questions – that will help you close this year or any year stronger.

What’s your answer? What’s your next step?

Building Resilience! Let’s start with a few examples:

Helen’s Unwavering Vision

Helen Keller, despite being blind and deaf, refused to be defined by her disabilities. Through sheer determination, she learned to communicate and became an influential author, educator, and activist. Her journey from isolation to empowerment inspires countless individuals facing their own challenges today. As real estate agents, we can learn from Helen’s unwavering vision—seeing beyond obstacles and focusing on possibilities.

“The only thing worse than being blind is having sight but no vision.” — Helen Keller

Nelson’s Unbreakable Spirit

Nelson Mandela, the anti-apartheid leader, endured 27 years of imprisonment for his activism. Despite attempts to silence him, Mandela’s spirit remained unbreakable. His release marked a pivotal moment in South Africa’s fight against apartheid. As agents, we can draw strength from his words:

“Do not judge me by my successes, judge me by how many times I fell down and got back up again.” — Nelson Mandela

Marie’s Fearless Pursuit

Marie Curie, the first woman to receive a Nobel Prize, revolutionized science. Born in challenging circumstances, she fearlessly pursued knowledge, shattering gender barriers. Her dedication inspires us to overcome obstacles and leave our mark on the industry:

“You cannot hope to build a better world without improving the individuals.” — Marie Curie

 Abraham’s Journey from Poverty to Presidency

Abraham Lincoln, the 16th President of the United States, emerged from poverty. His resilience and determination led him to the highest office in the land. As agents, we can learn from his journey:

“I will prepare, and someday my chance will come.” — Abraham Lincoln

Modern-Day Agents: Perseverance in the Real Estate Market

Let’s shift our focus to contemporary agents like you. These stories highlight resilience in our industry:

• Sarah’s Short Sale Triumph: Sarah faced financial setbacks in her past yet persisted. She negotiated a successful short sale, turning adversity into opportunity.
• Michael’s Market Meltdown: When his market turned, Michael adapted. He embraced digital marketing and connected with clients in new and innovative ways.
• Lena’s Personal Loss: Lena lost a loved one during a critical deal. She leveraged her support network of fellow agents, who guided her and the transaction to a successful close.
• In my book, “Willing To Eager,” I share more stories about persistence.

Key Takeaways for Real Estate Agents

• Your Mindset Matters: Cultivate a growth mindset. See challenges as opportunities for growth.
• Adaptability: Be flexible. Embrace technology, virtual tours, and new marketing strategies.
• Community and Support: Lean on fellow agents. Share experiences and learn from each other.

Resilience isn’t about avoiding challenges—it’s about thriving despite them. As real estate professionals, we can draw inspiration from these stories and build our own resilience.

In today’s dynamic real estate landscape, market trends are constantly evolving. As a real estate agent, staying ahead of these trends is crucial to maintaining a competitive edge and providing exceptional service to your clients.

Be bold, be different, stand out from the rest

Let’s explore how you can adapt to shifting market dynamics:

Embrace The Virtual

Virtual tours have become a game-changer in the real estate industry. With advancements in technology, buyers now expect immersive experiences before physically visiting a property. How can you go beyond and above and stand out?

• The Obvious – Invest in High-Quality Imagery: Using professional photography and 3D virtual tours to showcase properties effectively. Highlight key features and create an emotional connection with potential buyers.
• The Not So Obvious – Live Virtual Tours: Host live virtual tours via platforms like Zoom or Facebook Live. Engage with viewers, answer their questions, and provide a personalized walkthrough. Then it lives online forever as a virtual “easter egg!”

Social Media Marketing Skills

Social media is a powerful tool for real estate agents. It allows you to reach a broader audience, build your brand, and connect with potential clients. Consider these strategies:

• Content Strategy: Create valuable content that educates, entertains, and informs. Share property listings, neighborhood highlights, and market insights. Use platforms like Instagram, Facebook, and LinkedIn.
• Paid Advertising: Invest in targeted ads to reach specific demographics. Platforms like Facebook and Instagram offer precise audience targeting options. Even look at LinkedIn Sales Navigator, which is an innovative approach.

Personalized Client Experiences

In an era of automation, personalized interactions set you apart. Here’s how to enhance client experiences:

• Know Your Clients: Understand their preferences, needs, and pain points. Tailor your communication accordingly.
• Send Personalized Updates: Keep clients informed about market trends, new listings, and relevant news. A personalized email or phone call goes a long way.

 Stay Agile and Adaptable

 Market trends can shift rapidly. Be prepared to adapt:

• Continuous Learning: Attend workshops, webinars, and industry conferences. Stay updated on the latest tools, technologies, and best practices.
• Network: Connect with other agents, industry professionals, and local influencers. Collaborate and share insights.

Adapting to changing trends isn’t just about survival—it’s about thriving in a competitive market. By embracing innovation, staying informed, and putting your clients first, you’ll position yourself as a trusted real estate advisor.

Be bold, be different, stand out from the rest.

The real estate industry can sometimes feel like a crowded room, with agents jostling for the attention of new listings and open houses. But fear not! Even in a saturated market, there are ways to rise above the noise and carve out your unique niche.

In a crowded market, differentiation is your superpower.

This blog post will explore some strategies to differentiate and thrive.

Craft Your Personal Brand: Your personal brand is your secret weapon. It’s what sets you apart from other agents.

Define Your Unique Selling Proposition (USP): What makes you different? Maybe you specialize in historic homes, eco-friendly properties, or luxury condos. Identify your USP and weave it into your brand.

Tell Your Story: Share your journey, experiences, and passion for real estate. People connect with stories, so use yours to create an emotional bond with potential clients. One of my real estate sales coaching clients personally experienced a home foreclosure in the past – he uses his story – to relate to others in similar circumstances.

Leverage Technology Creatively: Technology is about more than just posting listings online. Get creative:

• Virtual Tours with a Twist: Instead of the usual 360-degree tours, host live virtual tours where viewers can ask questions in real-time. Make it interactive and memorable, like a virtual open house.
• Social Media Magic: Don’t just post listings; showcase your expertise. Share home improvement tips, neighborhood highlights, and behind-the-scenes glimpses of your work.

Collaborate and Network: In a crowded market, collaboration is key.

• Team Up with Other Professionals: Partner with mortgage brokers, interior designers, and contractors. Offer joint workshops or webinars. It’s a win-win for everyone.
• Community Involvement: Attend local events, sponsor charity drives, and volunteer. Being an active community member builds trust and visibility.

Client-Centric Approach: Your clients are your best advocates.

• Create Exceptional Customer Experiences: Go above and beyond. Surprise clients with handwritten notes, personalized closing gifts, or a moving day or “welcome to the neighborhood” pizza party.
• Referral Programs: Encourage satisfied clients to refer their friends and family. Compliantly reward them for their loyalty.

Success Stories: Agents Who Nailed It: Let’s meet some agents who turned the saturated market into their playground:

• Maria, the Neighborhood Historian: Maria specializes in historic homes. She hosts walking tours and shares fascinating stories about each property’s past. Buyers love the history lesson!
• Jake, the Green Guru: Jake focuses on eco-friendly homes. He partners with local environmental organizations, planting trees for every home he sells. His clients feel good about their purchases.
• Sophia, the Social Butterfly: Sophia’s Instagram game is strong. She posts stunning home transformations, client testimonials, and even her favorite coffee spots, and her followers become clients.

Be yourself vs. trying to be like someone else. Let your passion and interest drive your client base.

In a crowded market, differentiation is your superpower.

Craft your brand, embrace technology, collaborate, prioritize clients, and learn from success stories. Remember, even in a room full of agents, you can shine bright, which is how you win the day!

We’re halfway through the year, and I’m curious: how are your New Year’s resolutions holding up?

Here’s a quick question for you to consider:

“Do you prefer the pain of discipline or regret?”

Research shows that we regret those things we have not done MORE than we do the things we have done. Can you relate?

What I’ve experienced personally and observed in others is that procrastination blocks us from creating the business and life we want to the fullest. You already know that we procrastinate because taking action can cause us a certain amount of “pain, a certain amount of discomfort.”

Coaching clients have shared with me the following:

“I avoid undertaking certain tasks because of the risk of shame, vulnerability, or failure.”

Taking action means we might be making a mistake, or we might fail. Let’s face it, it’s easier to not take action and avoid the pain of looking less than perfect. Thus, many instinctively retreat to their comfort zone and miss creating their ideal business. In trying to protect ourselves from failure, erecting our own barriers to success is easier. Can you relate? If you’ve ever been in this place – as I have – how do you get out?

Psychologists call this a strategy of self-sabotaging. Research shows that we protect our sense of self-competence by creating impediments that make success less likely. And believe it or not, we as humans tend to do this more when the stakes are the highest.

So how do we procrastinate less and take action more?

Practice… practice taking action faster and more often. Get an accountability partner and join a mastermind group. By taking more small steps that lead to more significant steps, you’ll build the “take action muscle.” By creating an accountability partner and mastermind group, you’ll have others who can help you discern what is an excuse and what’s not.

Consider these 5 action steps:

1. Remember, a goal is NOT a system. A system will produce what a system will produce nothing less, nothing more. For example, losing 10 pounds by September 1st is a GOAL, and learning to change your eating habits is a SYSTEM.
2. Make your goal tangible and specific. “Grow my business” sounds great but is also meaningless.” Land five new clients a month” allows you to determine exactly what you need to do to land those clients. Always set a goal that allows you to work backward and create a process to achieve it. It’s impossible to know exactly what to do every day when you don’t know exactly what you want to achieve.
3. Make it matter to you! If you want to get in better shape, so other people will think you look better at the pool this summer, you’re unlikely to follow through. Ultimately, who cares what other people think? Yet, if you want to get in better shape because you want to feel better, feel better about yourself, set an example for your kids, or prove something to yourself, then you’re much more likely to stick with it. Now your goal has meaning–not to your doctor, not to strangers at the pool, but to you.
4. Make it positive. “Stop criticizing other people in meetings” is a great goal, but it’s a negative goal. It’s much harder to give up or stop doing something than to embrace a new and positive challenge. For example, setting a goal like” stop eating sweets” means you constantly have to choose to avoid temptation. Since willpower is often a finite resource, why put yourself in a position of continually needing to choose? When you pick positive goals, you’ll work to become something new rather than avoid being something you no longer wish to be.
5. Focus on the process, the daily process. All the incredibly successful people I’ve worked with have one thing in common: They set a goal and then focus all their attention on the process necessary to achieve that goal. Sure, the goal is still out there. But what they care about most is what they need to do today, and when they accomplish that, they feel happy about today.

So, I’ll ask again: Do you prefer the pain of discipline or the pain of regret? The choice is yours.

John D. Rockefeller, the founder of Standard Oil, left an indelible mark on business history. His disciplined approach to management and leadership principles inspired Verne Harnish to outline the “Rockefeller Habits.” These habits, originally embraced by Rockefeller himself, can transform your business. Whether you lead a team of 1 or 500, implementing these habits can create a winning “operating system” for your organization.

The 10 Rockefeller Habits

• Healthy and Aligned Executive Team
  • Your company’s performance hinges on its leadership team. Ensure they understand and complement each other’s strengths. Regular meetings and commitment to learning are essential.
• Quarterly Focus
  • Everyone should be aligned with the #1 priority for the quarter. This clarity drives progress and prevents distractions.
• Effective Communication Rhythm
  • Establish a rhythm for sharing information across the organization. Timely communication keeps everyone informed and engaged.
• Accountability for Goals
  • Assign accountability for achieving goals in every facet of your organization. When everyone knows their responsibilities, progress accelerates.
• Employee Input and Feedback
  • Collect ongoing input from employees to identify obstacles and opportunities. Their insights are invaluable.
• Customer Feedback Analysis
  • Treat customer feedback data as crucially as financial data. Regular analysis ensures you stay customer-centric.
• Living Core Values and Purpose
  • Infuse your organization with core values and purpose. When these are “alive,” employees feel connected and motivated.
• Articulate Strategy
  • Every employee should understand the key components of your company’s strategy. Clarity empowers action.
• Quantify Employee Satisfaction
  • Can your team quantify whether they had a good day or week? Regularly assess employee satisfaction.
• Transparency in Plans and Performance
  • Make your company’s plans and performance visible to everyone. Transparency fosters trust and alignment.

Implementing the Rockefeller Habits isn’t just about business growth; it’s about creating a thriving culture. Embrace these habits, adapt them to your context, and watch your organization flourish. Remember, it’s not the size of your team that matters—it’s the commitment to excellence that defines success.

Mark, are there other management operating systems to consider? Fore sure, many of the clients I work with our 4DX or EOS shops. It’s really up to which process resonates the most with you and your team. Pick your system and get started – remember a system will produce what a system will produce, nothing less and nothing more!

Not happy with your results? Be HARDER on the system.