March 19, 2008

Brandon Patrick, the Dean of Students at the Real Estate Toolbox University Interviews the 2007 RE/MAX International Broker Owner of the Year!

Watch this video for information on RETU's newest podcast with Robb Campbell, RE/MAX Internationals 2007 Broker/Owner of the Year!  Robb's company volume last year was over $1 BILLION in sales!  You are sure to get lots of info from this interview.

Permalink • Print • Comment

March 17, 2008

Real Estate Marketing Coach Brandon Patrick Shows You How to Sell $20 Million in Real Estate While Sitting at Home in Your Underwear!

First of all….I HATE this headline.  I HATE promoting anything that discourages hard work.  At the same time, it is funny how we see headlines like this every day in the real estate industry.  The reason why we constantly see them is because everyone wants the "Magic Bullet"…..you know….the one that is "silver" and puts down the werewolf in the horror movies…(Hey….who wasn't scared of the werewolf in Dark Shadows of the 60's, the werewolf on Scooby Doo in the 70's or The Howling in the early 80's…..I spent alot of time hiding behind the couch from werewolves as a kid….)….the one bullet that is a hollow point that totally annihilates whatever it hits…..which is our problems…..again….EVERYONE wants the Magic Bullet.  Unfortunately, these "Magic Bullets" rarely get us to where we want to go. 

Hard, smart work is what takes us further.  Life in general is not a bed of roses.  It would be nice to think of that long lost rich uncle that will someday leave us a fortune, or that lottery ticket that will someday win, but nothing beats hard, smart work.  I work hard.  My buddy and Co-Founder of the Real Estate Toolbox University Brian Rodgers works hard.  I cannot tell you the countless calls we make to each other every day, sometimes going into the late hours of night to bring you relevant information that will bring value to your business.  We don't sit on our butts doing nothing, and we don't expect any less from you.  We will continue to bring you the best information and insight to the real estate world, and your job is to utilize the wealth of knowledge.  It is your decision………success in real estate and graduating with honors from the Real Estate Toolbox University, or "getting around to it later" in using this gift of marketing skills and flunking out.  Flunking out means back to mediocre sales, or finding another career because you couldn't make it in the business during hard times.  Are you an eagle who soars to over 30,000 feet and is king of the air, soaring over the highest mountains, and when he gets hungry targets his kills, or are you a buzzard sitting in the trees living off the scraps of real estate roadkill?  I, for one, believe you are here for a reason.  I believe you are reading this because you are an eagle, or you want to be an eagle in training.

We have to realize that nothing worthwhile having is free or comes easily.  If you do something half way, you don't get halfway results……you get NO results.  Real estate is hard…..life is hard.  Hard, continuous, smart work will get you to where you want to go…..NO MAGIC BULLETS!

Now…….go over to your lessons at The Real Estate Toolbox University and study them…..make the lessons second nature…..apply what you learn.  Make it a part of your business.

I BELIEVE IN YOU!

Brandon Patrick

Dean of Students

Real Estate Toolbox University

 

Permalink • Print • 1 Comment

Brandon Patrick, The RETU Dean of Students, Makes a Huge Impact by Scoring Interview with one of the top Re/Max Agents in the World, Check this out!!

Watch the video below and be sure to follow Brandon's instructions to get access to the full interview that Brandon did in the office of this incredible individual, Jay Nelson!!

Permalink • Print • Comment

Glenn Dietzel featured Wednesday on The BAP 2008 Figure Real Estate Business Coaching Program with The Real Estate Coach

How to Fast Write Your Own Commission Generating Book In 10 To 15 Minutes A Day And Simultaneously Create The Most Expensive Programs In Your Niche With This Rapid Business Development System…

Are You The Intentional Choice Of Your Potential Buyers and Sellers?

I am excited to inform you that in our next module we will be covering with my good friend Glenn Dietzel the dynamics of how to design, author and distribute a commission generating book. By taping into your own personal positioning and projecting yourself as the expert to your local market in a way that separates you as the only choice for your ideal clients.

Consider This Right Now: Your target market is faced with a very real problem. With limited time and opportunity to experiment, your ideal clients intentionally narrow their choices to those who are on top.

And this is acutely true in the Recommendation Age in which you now live.

This next call is not about how to make money. This is about how to use a little known law called Zipf’s Law to compel your target market to want to crave a relationship with you.

It is NOT that it is expensive and difficult to separate yourself as the only choice like most would tell you. It is that there is a very specific model that few truly understand.

Here’s the Problem: Over 90% of Realtors fail to make a profit. And the new business reality in the Recommendation Age requires that this be so!

Here’s the Solution: Research shows that the best lead generator is a Book connected to a process using target emotional response marketing. A unique process where your target market chooses you for life within three minutes.

Not just any book. But a commission generating book which aligns your unique proposition with the right distribution channels where you are considered more than an expert. You are the intentional choice.

Note two important facts.

1. This is a system where you don’t have to invest $100,000 like many of Glenn’s clients have done in hiring his company to implement this system.

2. This is more than writing a book. This is about creating a powerful lead generation system that positions your expertise properly in the new age we now live in: The Recommendation Age.

Discover a comprehensive system to turn your expertise in any one of the areas where your inherent strengths lie: law, investing, negotiation, construction, psychology, demographics etc. into a viral system that incorporates both the offline and online worlds as you easily write your own commission generating book.

Here are just a few concepts you will discover:

–How to eliminate your competition and ethically control your target market in less than three minutes. Note: you must promise to use this system for only ethical and moral reasons due to the comprehensiveness of this system.

–How to use this proprietary model that will show you specifically how to take an idea and strategically transform it into a Recommendation…A Recommendation where your optimum clients can ONLY say yes to you. Over and over again.

–How to make the new rules of the Recommendation Age work for you. Note: If you still think we live in the Information Age, this is all the more reason why you must be on this call.

–How to get into your target market’s mind using the Awakened Ideation system—use this specific questioning system to unlock the real resistance that your target market has of you and powerfully reframe your solutions to their hidden wants and desires.

–How to position your target market to overcome their natural resistance to you with your million dollar story—yes, you have a million dollar story and you will discover how to position it.

–How you can command Zipf’s Law to your advantage?

–How to leverage Zipf’s Law thru another little understood law, Milgram’s Law, where you will be more than the perceived expert, but the only solution your ideal clients will choose.

–How to become an Insider in the Recommendation Age to reap the untold wealth as a Knowledge Broker of your local Real Estate Market.

–How to align yourself with a hungry market and create a data base of raging fans that want to refer all of their friends and family to you.

–How to author your commission generating book—a 100 page commission generating book—in only 12 hours!
–How to gain instant access to our books-in-stores New York Publisher
And so much more.

Make sure you are on the call early as Glenn will be walking you step-by-step thru this proven and tested system that lends itself perfectly to what Brian has been teaching you.

As Brian has stressed on several occasions, “You must know how to get your customers to buy now and forever from you…and this is infinitely more important than anything else you can learn in your real estate career.”

Welcome to a system that will turn you from unknown salesperson to Celebrity Expert and ultimately to the intentional choice for your ideal clients.

Glenn

P.S.

Just for being on the call, you will gain the ability to get access to two Exclusive Bonuses:

1. The Idea Virus Software (Value $197) to create your own viral eBook where you begin to make money immediately.

2. The Expert Positioner Software (Value $147). Ethically control your target market in less than 3 minutes with this software.

To get in on this great call you must be a Platinum Member over at: http://busyagentpro.com

Permalink • Print • Comment

March 7, 2008

Real Estate Marketing Coach Brandon Patrick Wants to Know…Are You Loving Your Clients???

As we continue on our journey of relational marketing, I wonder how many of us are sitting down with our clients to review our relationships with them…..Hummmmm……. we actually have to go out and SEE our clients!  You know…the people who put food on our table and in our kids' mouths….the people who make our mortgage companies happy….the people who allow us to have the finer things in life!  Yes, THOSE people.  As in relationships with our spouses, siblings, parents, loved one's etc., we need an annual if not bi-annual check IN PERSON to see how we are doing.  The worst thing that can happen to our business is that we neglect our clients and another agent slips in and forms a relationship that is stronger than the one we have with our clients.  It is ten times more cost effective to retain our clients than it is to continually be on the prowl for "new business"…the folks that have absolutely no relationship with us.  Why is it that real estate agents spend 95% of their marketing dollar always trying to drum up new business when they have people that already love them that want to do business with them?  It does not make much sense.  I personally believe that we should be spending no less than 80% of our marketing budget on people we have already have relationships with.  It just makes sense.

"Brandon…..I agree with you…..I have neglected my clients", you say.  "Where do I go from here????"

OK, young Jedi Knight, here is the gameplan……

1.  Call you clients and see when a good time would be at their convenience.

2.  Coffee or lunch is the best.  Starbucks, McDonalds, etc.  It doesn't have to be expensive.

3.  Ask your client what your weaknesses or imperfections are and get deep into problem areas.  Don't be afraid to take the chance.  Problems solved are clients for life!!!  If you don't ask what you can do to be better, you will never know.

4.  When you get feedback, write it down.  Look at implementing the ideas and feedback you are given.

5.  Find out about different parts of your clients lives.  You will be suprised at how business just falls into your lap if you just ask them about themselves or those around them.

6.  Remind your clients of services you do.  Unless you tell them certain niches they cover, they may forget!

7.  Enjoy time with your client-friend!  This is, after all, about the relationship.

 

Happy Selling!

Brandon Patrick

Dean of Students

Real Estate Toolbox University

 

 

Permalink • Print • Comment

March 2, 2008

Real Estate Marketing Coach Brandon Patrick Discusses The Power of Headlines

R01
     Your headline, or the first three to five words in your small classified ads, will make or break your advertising campaign. If you don't capture the attention of your reader with your headline, anything beyond is useless effort and wasted money.

     Successful headlines are often written as promises, either implied or direct. The former promises to show you how to save money, make money, or attain a desired goal. The latter is a warning against something undesirable. In other words… I promise to show you how to feel good about yourself (a pleasure) or I promise to show you how to keep yourself from getting in a wreck, losing money, and making a fool out of yourself (a pain).

     A PROMISE: Sell Your Home in 90 Days or Less–Guaranteed!

     A WARNING: 7 Reasons Most Homes Don't Sell for Top $$!

     Headlines that ask a question are also powerful. They seem to attract the reader's attention almost as surely as a moth is drawn to a flame. Once he's seen the question, he just can't seem to keep himself from reading the rest of the ad to find out the answer.

     The best headline questions are those that challenge the reader; that involve his self-esteem, and do not allow him to dismiss your question with a simple yes or no. For example:
What does your neighbor know
which makes his home worth
$3,000 to $9,000 more than yours?
Find out. Visit www.yourname.com Now.
     "You'll be the envy of your friends" is another appeal to incorporate into your headline whenever appropriate. This appeal works because everyone wants to be well thought of, and consequently, will read into the body of your ad to find out how she can gain the respect and accolades of her friends.

     Wherever and whenever possible, use colloquialisms that are not usually found in advertisements. The idea is to shock or shake the reader out of his reverie and cause him to take notice of your ad. Most of the headlines you see day in and day out, have a certain sameness with just the words rearranged. The reader may see these headlines with his eyes, but his
brain fails to focus on any of them because there's nothing different or out of the ordinary to arrest his attention. And if you don't capture your reader's attention… the game is over before it even had a chance to begin.

     Example: Is your home HAUNTED? Is the ghost of 1970 style real estate marketing preventing your home from selling? Find out before it's to late.

     "How To" headlines have a very strong basic appeal.

     "Who Else wants to know" is another approach with a very strong reader appeal. The psychology here being the need of everyone to belong to a group - complete with status and prestige motivations.

     Whenever, and as often as you can possibly work it in, you should use the word "you" in your headline, and throughout your copy. After all, your ad should be directed to "one" person, and the person reading your ad wants to feel that you're talking to him personally, not everyone who lives on his street.

     Personalize, and be specific! You can throw the teachings of your English teachers out the window, and the rules of "third person, singular" or whatever else tends to inhibit your writing. Whenever you sit down to write advertising copy intended to generate leads… you should picture yourself in a one-on-one situation and "talk" to your reader just as if you sitting across from him at your dining room table. Say what you mean, and sell HER on the value of your offering. Be specific and ask her if these are the things that bother her - are these the things she wants - and she's the one you want to provide a solution for.

Happy Selling!

Brandon Patrick

Dean of Students

Real Estate Toolbox University

 

 

 
Permalink • Print • Comment

February 28, 2008

Announcement from Brian Rodgers - The BAP 2008 Figure Business Coaching Program is Live - See Below

Hello BAP Members,

The 2008 Figure Business Coaching Program is now open! All of the preliminary information you need for taking advantage of this unbelievable opportunity you have in front of you is now available over at busyagentpro.com.

The program is absolutely free to all BAP Platinum Members who are enrolled. If you have yet to upgrade to Platinum you must do it now if you want to be on the first coaching call with Brian Rodgers and Sam Crowley next Wednesday March 5th at 1:00 Central.

Everyone participating in the program will also receive a copy of the entire program on CD, shipped to your door so don't worry if you absolutely must miss a few sessions. We will also be paying for all costs to print and ship your CD Set, so the program is completely free to all Platinum Members.

Now, on to the information you are anxious to get your hands on, access to the coaching program.

To access the coaching program simply login to your BusyAgentPro.com account and click on community. Then Click on Platinum Content and you will see the large link that says: Click Here To Access The 2008 Figure Coaching Program

You will then be taken to the page where the entire coaching program will be delivered. Listen to the audio on the main page and read both the main page and the introduction. Then click on Module 1 and listen to the quick video. Then be sure to click on the link for access to the live call in information for the live call with Sam Crowley next Wednesday.

If you have any questions please let us know!

We are extremely excited to be bringing you what in my opinion is going to be the best coaching program ever delivered in the real estate industry. I am biased of course, but I honestly believe there has never been anything like this assembled and delivered as a single program until now, The 2008 Figure Business Coaching Program!

So, get on over to BusyAgentPro.com and get started now.

Make it a great day!

Brian Rodgers, President and Co-Founder
BusyAgentPro.com

P.S. If you are still a Gold member now is the right time to upgrade if you have been thinking about it. Just the coaching program alone has a value of well over $5,000 if we were delivering it to the public. It is absolutely free with your first month of BAP Platinum at $67 and you also get all of the other features including unlimited websites, single property sites, lead capture sites, steaming audio and video, contact management, drip e-mail campaigns, direct mail campaigns and much, much more!

P.S.S. If you want further details about the coaching program included in Platinum you can see this page: http://busyagentpro.com/bap-2008-figure-coaching-events.html

Permalink • Print • Comment

February 25, 2008

7 Ways to Leverage Your Real Estate Earnings (Part 2) - Real Estate Marketing Coach Brandon Patrick

5. Understand communications technology and use it
High speed internet, laptops, cell phones, PDA’s, text messaging and call capture systems (800#’s). The best system that we have found is Adtrakkerwww.adhotline.net/58419 ). Modern technology at its finest. And perfect devices you can use to leverage your time and income. For example, we use call capture systems to:
·         Generate leads for both buyers and sellers
·         Answer all calls from these lead sources
·         Deliver an educational and benefit laden message to all callers
·         Soft qualifies all callers
·         Answers the same questions asked by most callers
·         Guides callers into the next step in the marketing sequence
·         Requests and records callers name, address and phone number
·         Requests caller to make a direct call into the office
·         Send Fax Back brochures of a property of special report to a potential client
We also use call capture systems to:
·         Provide an audio brochure of our listing inventory
·         Provide a "seller’s update" service eliminating the need for personal calls
·         Provide a "FSBO Helpline" which educates and helps generate leads
We use modems and faxes to request lender information, property specs, and referrals. We use cell phones to make calls, check email and utilize text messages while on the road. We use cell phones as "announcement" devices letting us know when our internet site has received a response, when an ad has been called upon, and when a potential buyer has called on a property ad.

Use modern communications technology to leverage your time and efforts. Take a look at what’s available and think about how you could best use it. And, I promise you, you’ll be amazed and what you can get done… easier, faster, and with less headache and hassle.

6. Develop a local top-producer network

One agent I know absolutely refuses to work with sellers. Another absolutely refuses to work with buyers. I’ve asked both what they do with their "unwanted" leads and referrals. Their answers: "Nothing."  Oh, gee… that’s a brilliant, money-making answer! One thing’s for sure… it’s your ticket to leveraging your time, money and income potential. For example, one small-town California agent I know uses her top-producer network to generate over $500,000 a year in extra commissions by simply referring all her soon to be expired listings out to her competition. By giving them permission to solicit these soon to be expireds… chances are very good they will be relisted and sold. When they are, she gets a paid 25-30% referral fee. Money she would not have seen otherwise! In return, she too takes listings which were referred to her, earning 70-75% of her normal commission which she gets with very little (if any) competition!

Set up a fax-back system, or internet system  to gain valuable feedback concerning your listings.
Set up new "listing announcement" system. Either fax or email or have delivered all of your new listings to your top producer network. Have them do likewise.
Expand your network globally. Get yourself listed on numerous "referral" programs.  Develop a network of "non-competitive" professionals and meet with them once a week or so for the sole-purpose of lead generation. You get leads for moving companies and you give them away. They get leads for your services and they give them to you. What a deal! 
7. Think systems
"Go to work ON your business rather than IN it,
and ask yourself the following questions:
1.      How can I get my business to work, but without me?
2.      How can I get my people to work, but without my constant interference?
3.      How can I systematize my business in such a way that it could be replicated 5,000 times, so the 5,000th unit would run as smoothly as the first?
4.      How can I own the business, and still be free of it?
5.      How can I spend my time doing the work I love to do, rather than the work I have to do?"
Michael E. Gerber in his book, The E Myth.
 Real Estate. It’s the career you love to hate.
You love the money and freedom real estate represents. But you know what?
Statistically you are doomed to fail. And you know it.
That’s why you have a love/hate relationship with the industry. You love the opportunity real estate represents, but you hate the thought of potential failure. The thought that it might all come to an end someday; the phone will stop ringing; your calls will stop being received; the market will take a nose dive right into the toilet…
When you chose real estate as your means to financial success… you set the stage for a play wherein there are only two roles—Heel or Hero.
The attrition rate in the real estate industry is even worse!Statistics tell us that if 60 individuals apply to take a prelicensing course, only 50 will complete the course. 32 will pass the exam on their first attempt. 25 will sign up with a local broker.
Of the 25 who enter the business, most will earn less than $24,000 a year. One will make over $75,000 their first year.
Five years from licensure, only 2 or 3 will still be in the business. Now, let’s see. By my count, that’s 57 "heels" for every 3 "heroes."
Now I don’t quote the stats to discourage you, but rather to introduce a key distinction you must make if you ever hope to make it big in this business…
You need to create and maintain the mind set you are in business.
Successful real estate professionals are not hobbyists. They have not embraced a career, or a part-time venture. They have decided to go into business, and they engineer their day-to-day activities in such a way as to work ON their businesses versus IN their businesses. And that is the key to their success.
Most agents and brokers (remember… most will fail or, at best, produce mediocre results year after year after year) arise every morning in search of the "deal". They spend their time seeking out new prospects, do their best to secure that business, finalize the sale… and go on to the next sale, the next deal. In other words, they spend the majority of their time working in their businesses!
They do all the prospecting. They place their own ads. Conduct their own open houses, complete their own paperwork, receive all calls, do all their own qualifying, interviewing, driving, showing, picture taking, sign placements, mls postings, mailings, and escrow closings. They do it all. And they’re good at it. They’ve mastered in the fundamentals, the nuts and bolts of the business… and, most will fail. Miserably.
The successful real estate professional, on the other hand, wakes up in the morning and goes about the business of creating a business. A big business. The "deal" is just one element of many—and not necessarily the most important.
The goal isn’t to secure a new deal… the goal is to create an enterprise, an equity-based business that can 1) run profitably independent of your efforts, 2) provide the means of an early retirement if that is what you want—a perpetual money machine, or 3) a salable business.
The successful real estate professional may work in their business when necessary, but their primary emphasis is working on their businesses—on the creation of viable, hugely profitable enterprise.
Key Distinction: Your business in not your life.
Your real estate career, your business, if you want it to succeed in a huge way… at its best, should be viewed as distinctly apart from you. Your business and your life are two totally separate things.
You, as an individual, will live and die according to how well you maintain your health, avoid accidents and disease. Your lifestyle will be determined by how much income you generate and how much free time you have available to enjoy the benefits of your income.
Your business will live and die according to how well it performs its one and only function: to find, satisfy, and keep customers. Your life is not our business. You do not live to serve your business; your business lives to serve your life. You have to make this key distinction, this "separation" if you ever hope to propel your business beyond your capabilities.
So, just how do you go about working ON your business versus working IN your business? How are you going to create systems… the ultimate in leverage?
Imagine you are given the assignment to create a hugely profitable real estate franchise. A turn-key operation. In other words, your task is to create a business that not only works, but is also 100% duplicable by anybody. An "out-of-the box" salable business. Plug it in and it works.
Not sometimes. Always. Without fail.
And remember… you won’t be there to run the show! You won’t be there to do all the work! The business model you create must be 100% duplicable… without your interference in any way, shape, or form.
Here are some more "rules" you should need to follow as you create your winning, duplicable business:
1. Your business model will provide consistent value to everyone directly or indirectly touched by it, its products and/or services. Your goal is not to provide outstanding service but, rather, ASTOUNDING service.
2. Your business will operate efficiently and effectively by people with the lowest level of skill and monetary requirements. Your $12-an-hour office manager should not be employed in a $6-an-hour telemarketing job. Likewise, if your $6-an-hour telemarketing personnel is capable of reproducing a press release, stuffing a few envelopes and mailing… why on earth would you even consider hiring super expensive PR agency to do the same thing?
3. Your business will be organized to the hilt. Sloppy habits make for a sloppily run business. There is not order to be found within the chaos as far as your duplicable business is concerned.
4. Every job, duty, and operating procedure will be formally documented in an Operations Manual. Remember your primary goal is to create a duplicable, "out-of-the-box" business. Everything must be organized, systemized, and documented so anyone who can read and follow simple instructions and do what you’ve determined needs to be done.
5. Your successful business will provide consistent, predicable results. Not sometimes. Not just when the market is good. Always. No excuses.
Leverage yourself. Think systems. Think how you can "sell in bunches."
 
Happy selling!
 

Brandon Patrick

Dean of Students

Real Estate Toolbox University

 
 
Permalink • Print • Comment

February 22, 2008

7 Ways to Leverage Your Real Estate Earnings (Part 1) - Real Estate marketng Coach Brandon Patrick

01"Richer is the man earning 1% of the efforts of a 100 men than 100% of his own efforts."

J. Paul Getty

 

It really doesn’t matter where you find yourself today—doing 3 deals a year or 200—if you are the sole catalyst for your production, if it is primarily your efforts creating whatever level of business you’re currently enjoying… you are working IN your business and, eventually, are doomed to either peak out or, worse, burn out.
The problem is, there are only 24 hours in a day. And if you are trading your time for dollars… which you are doing when you work IN your business versus ON your business… you have placed a serious limitation upon your earning capacity.
Not to mention the fact that to earn it (whatever it is), you will often find yourself working sixty, seventy, even eighty hours per week. And, you can’t take time off! If you do… your production, your business suffers. Your income suffers. Your lifestyle suffers.
If such is the case, I can assure you… career burnout is just around the corner. It took me over five years of working IN my business (five years of being bored, beat-up and broke!) to finally realize that the "rewards" simply weren’t worth all the time, hassle, and expense of creating them. I mean, what good is being a multi million dollar producer and pocketing a few thousand bucks when you don’t have a life apart from the business to enjoy it?
Key distinction: Leverage allows you to multiply your efforts, time, and energy which means multiplied income and time to enjoy it.
Ideally,your goal is to convert your existing business—or the one you are about to create—into a perfectly organized model for thousands more just like it. In other words, most profitable way to view and build your business is in with the creation of a "franchise" in mind. And that means you either have to have a thousand yous available to work in each and every one of those businesses… or discover a way to "clone" your work and have this clone (your systems) keep on working for you… even while you’re out playing life somewhere.
Of course, this is the ideal situation, albeit a difficult one to achieve. So while you’re striving towards that end… focus on leveraging yourself…
Leverage is utilizing assets (people, time, money, connections, systems, knowledge, family, strategic alliances) to get the maximum return, results, and rewards with the minimum risk, effort or investment.
Becoming a listing agent is a classic example of the power of multiplying yourself and your efforts through leverage.
You build an inventory listing by listing. No leverage there. However, any one (or all!) of those listings can be sold—and income generated—for you and your business… totally independent of your efforts. That’s leverage.
Proper leveraging doesn’t mean you spend hours knocking on every door within a housing complex to introduce yourself and your services… it means you spend a few minutes contacting the Home Owners Association and arranging to give a free speech at their next meeting… sharing your benefit-rich wealth of knowledge with dozens, even hundreds of potential prospects all at once.
Instead of doing everything yourself or hiring just one assistant to take up the slack, proper leveraging means hiring specific people to perform specific tasks and then constantly upgrading… just like a professional sports team.
Smart leveraging means writing any letter or communication once, maintaining it in an electronic data base, and simply merging your next client’s name and address into the copy the next time the same situation arises.
Leveraging your marketing capital mean placing your name, face, and benefit-rich message at every ingress and egress of a targeted neighborhood via inexpensive bus bench advertising—reaching hundreds, even thousands of the right people every single day, 365 days of the year… versus spending the same money on 2,500 super expensive 4-color personal brochures which can only serve you but once…
Proper leveraging means you receive one inbound call from a potential buyer… record your qualifying sequence of questions… transcribe the recording… and have all other inbound calls received by your assistant who follows your documented qualifying sequence. Your time is thus freed to work ON your business so you can then find even more leveraging opportunities.
Instead of purchasing one large congratulatory gift for your happily involved clients… the smart marketer leverages goodwill by purchasing a half dozen smaller, but uniquely personal gifts which are delivered once a month… ensuring their name, face, and occupation is kept in front of their past clients.
Proper leveraging means you make your best sales, pricing, and "here’s what I and my team of specialists will do to get your home sold… fast, and with the least amount of hassle" presentation once… on video tape and/or written down and published in a brief, informative yet entertaining manual… and distribute it to every prospect before your appointments. You let your "clone" do all the selling, convincing, reasoning, and cajoling for you before you even arrive—not only cutting your actual, in-person presentations down to less than 30 minutes, but increasing your "closing" percentages as well…
Effective leveraging means using both sides of your house brochures… one side to extol the virtues of the particular house in question… the other to list every single one of your listings… to make an incredible FREE offer compelling them to pick up the phone or stop by your office to take advantage of it… to offer a series of testimonials from a number of your previous clients…
Let’s take a look a seven specific areas you need to address to create maximum leverage of both your time and your income:
1. Computerize
Of course, I am sure you already have a personal computer or laptop (better yet….a tablet pc!) and know how to use it. If not, may I suggest you get with the program…
Properly used, a computer will provide you will a multitude of opportunities to leverage your time and assets. You will discover a number of ways you can reach more people faster, more economically, and with less hesitation about what to do and when. Specifically, a computer is of the utmost importance for the following reasons:
·         It stores information
·         It sorts information
·         It performs routine tasks automatically
·         It enables you to personalize your marketing materials and emphasizes your client-centered, benefit-rich approach to the business.
Your computer, ideally, should be able to assist you in the following essential tasks of your real estate business:
·         Design your marketing campaigns
·         Develop your own proprietary education products (free reports, etc.)
·         Help you acquire already created products from others
·         Actually do your marketing for you (i.e., the internet)
·         Provide routine management services (escrow tracking, price reduction campaigns, seller updates, buyer updates)
Your computer should be minimally equipped with a good contact management system to track all your leads, clients and referrals. I recommend www.busyagentpro.com . It should include a "to-do" list function and a calendar, scheduling function. It should have a good word processor integrated with your contact management system. And it should have a good "marketing oriented" system. A tracking function, spread-sheet program like Microsoft Excel is preferred.
 
 
2. Plan and strategize
Your time is valuable and you should make it a point to take the time to plan how best to use your available time. Take at least a half hour at the end of every day to plan your next day. Prioritize. How? How yourself this these questions:
·         What MUST I accomplish tomorrow?
·         What SHOULD I accomplish tomorrow?
·         What is the most important thing I can do tomorrow?
Schedule the ‘musts’ first. Then schedule the ‘most important things’ next. And if, if, you have time left… go forward with your shoulds.

Now don’t gloss over this section. Marketing, after all, is only comprised of two components: planning and execution. Too many would be marketers, in their haste to get something done, completely by-pass the planning stage and… chances are… get so caught up "working for the sake of work" they get nothing valuable done. Don’t fall victim to this tragic error. Plan your work then work your plan.

3. Make marketing your highest of priorities

You don’t make any money by prospecting. You don’t earn a single commission from filling out contracts. You don’t earn a dime from understanding agency rules and regulations. And you certainly don’t earn a dime from by sitting at your desk wondering where your next commission check is going to come from.You only make money when you put yourself in a position to make money… when you’ve created the situation wherein you find yourself face-to-face with a buyer or seller who is willing and able to conduct business with you now!

That’s it. So if you want to leverage your time and assets to best propel you towards the fortune you want and deserve, you need to focus first and foremost of marketing. All facets: Lead generation, Conversion, Presentations, Materials, Follow up sequences, fulfillment, education and referral generation.
First and foremost, concentrate in developing an automatic lead-generation system which works consistently and predicable.
·         Study targeted, emotional response marketing
·         Learn how to use the classifieds for lead generation
·         Combine image and response ads for display advertising
·         Learn how to use free publicity
·         Learn how to generate referrals
·         Locate and utilize areas of marketing which are constant (i.e., bus benches, airport signs, billboards, signs in public restrooms, etc.)
4. Hire assistants
Again, let me ask you: Do you make any money for addressing postcards and affixing stamps to be delivered to your "Just-Listed" file of neighbors? Do you get paid for holding an open-house? Do you get paid for assembling all the information you need to deliver a solid, benefit-laden pre-sell package to either buyer or seller? Do you get paid to track your escrows? Write follow up letters to your clients?
No. So why are you doing all this "busy work" which only serves to eat up your time? Why are you still making cold calls to expires when you could hire someone else to do the same thing for about $6 an hour?

Point made, I hope. Your time is far to valuable to be wasted in carrying out the systems you’ve designed to make your business work. Simply train people to work the systems. In fact, as quiet as it’s kept, you cannot afford to be without assistants or professional affiliates to help you complete the busy work of your business.

To be continued…..

Happy selling!

Brandon Patrick

Dean of Students

Real Estate Toolbox University

 

Permalink • Print • Comment

February 16, 2008

The Trouble You Have is You THINK You Have Time - Real Estate Coaching Tip

 

Procrastination…..who hasn't said, "Ya know, I am going to put that off for a little while.  I have PLENTY of time".  Time is an element we all have, but every minute….every second…our time here on Earth goes down a little more.  Time waits for no man.  I write this today because I, too tend to procrastinate.  There is always something that I feel can be put off until tomorrow.   I always have memories of Nickelback's video where everyone has an alloted amount of time here on Earth.  Watch this video above in it's entirety.  Notice the numbers above their heads throughout the video.  That is time.  What we do with time is our choice.  We can put off stuff any time we want, but we will never recapture time.  Time waits for no man.  The trouble is we Think we have time….

Do you have affairs in order in your personal life?  Your business?  Your spiritual life?  When was the last time you went to your kids, wife or husband or even friends and said, "You know….I love you".  How many times have you walked out your door after a disagreement and not said goodbye and I love you to a family member?  The sad thing is, we my never see them again.  Things happen.  Are you right and at peace with folks in your life right now?  Or are you in discord? 

Here is the #1 thing to stop procrastinating right now in your life……

Go find someone you care about….right now….if you have no one around you, go find your pet.  If you have no pet, hug yourself.  Hug them an tell them how you feel and that you love them.  When you walk out the door today, you may never have another chance.  Young (and old) people die too soon for reasons that do not make sense.  Car wrecks, domestic abuse, unknown heart disease, strokes, freak accidents…..we never know what will happen.  Why take the chance?  Procrastinate, and you may never have the chance again.  Make peace with those who did you wrong, or maybe who YOU did wrong.  This is a healing process that will carry over into other areas in your life.  Don't procrastinate.  You owe it to yourself and others.  

How is your business?  Do you procrastinate on getting ads written?  Do you procrastinate on calling your sphere of influence or inner circle of clients?  The scary truth is that the National Association of Realtors has shown that within two years, 80% of home buyers or sellers actually forget who their Realtor even was, and cannot name their name!  The reason why is that we as agents forget our most valuable asset in our business as soon as the door of the closing room hits our rea end and we walk to the car with our commission check.  We forget the relationship we worked hard to make.  We procrastinate in building relationships because we are "too busy".  We put off that phone call.  We ignore our clients who WANT the relationship with us.  What happens is in our neglect of our relationship with our client, someone else steps in (normally what happens in neglectful relationships) and "loves them more" than we do.  The end result is that  four or five years later, we are on the MLS and we recognize a past home we sold.  "I cannot believe they didn't call me to list their home", we say.  We blame it on them and our past client's inconsideration of not using us.  The problem is WE are the problem.  WE did not nurture and cultivate the relationship.  Somebody (another agent) loved them more than us and they took over.  It ain't the clients fault….it is ours.

Who are you going to call or hug today?

Brandon Patrick

Dean of Students

Real Estate Toolbox University

 

Spread the word

del.icio.us Digg Furl Reddit Ask Google