The Journal of Ray Cole, a new agent, are excerpts taken from the pages of an agent who decided he was going to start a career in real estate and document what was successful and what failed. By reading this blog it will introduce you to a cost effective program of getting your real estate business up and running and give you some tips and ideas to keep it going.
I need to know what my job is and what does ‘doing my job’ entail. I know it is to sell property, but there are steps to actually selling property that I must take, they are my job also. There is a difference between tasks and ‘job’. I used to work at the corporate offices of a company that sold farm equipment; the CEO worked out of an office there and would arrive each day at 7:00am when she was in town. I noticed that she would ask questions of everyone she met, her style was interrogatory. It became known in the building that you had to know what your job was and she would ask you, even if it was obvious. The staff in the company’s restaurant was not immune, even though their actions and uniform made it apparent. But she was not looking for that answer, everyone from the person who worked as a janitor to the CEO herself would answer the question like this, “I sell farm equipment, I do this by designing brochures for the field sales agents to use in presentations.” Or “I sell farm equipment, I do this by serving refreshments at the corporate office and contribute to the culture of the company.
I want to apply this to my business, I want that clarity, I SELL HOUSES, how do I do that? That is what my focus must be. So yesterday after my contract class I asked one of the other newer agents what she thought her job was. She answered that she was a real estate agent of course! How am I going to sell houses? I need a plan, goals and knowledge. In reading the real estate sales books, there is a common thread that can be seen which comes back to having a database to which you market your services. There are many other ways of getting leads through the internet and by advertising your services to a broader spectrum, I don’t have the money to spend on ads and websites just yet, so I need to create a plan which allows me to grow my database and then work out what I am going to do with it.
JOB #1
Be One with the Paperwork. – Almost accomplished, there are so many forms, but I have the basics, I know the purchase and listing contracts and can speak about them and make sense, I need to master them. Using my favorite book “The Compound Effect” by Darren Hardy, I will apply those principles to the mastering of the forms. In the book he explains that if we make small changes and over the course of time the trajectory is magnified, the example of 2 degrees off course at the start of a flight will mean the destination is far from where you intended the longer the flight. Reverse that thinking that small steps will compound into big change. The old eating an elephant one bite at a time, I have one form a week to master, I have scheduled 15 minutes each day to read that form make notes on it and nail it. This week I have the brokerages general disclosure which accompanies the purchase contract to master, two pages and 9 sections.
Job #2
Start a real estate database.
My brokerage provides me with an online system of entering contacts and emailing them, it’s a standard customer relationship management system which I am going to use to get it going. I have a personal goal of expanding my database by 10 new contacts a week, that is not nearly going to be enough but it is a start. I have added all my family, friends from my phone, I have loads of facebook friends but that will require a lot of sorting out as some are people I don’t even know who added me. I have 76 contacts in my database and the next step will be to decide what to send them and how often. I am simply sending each one an email with a personal message (cut and pasted of course).
FRIENDS and ACQUAINTANCES
Hi XXXX
I hope you are well and the family is doing good, I have just started my own business and wanted to give you a quick update. I have decided that my interest in the property market could not be satisfied any more with just buying and selling houses. I will be working with buyers and sellers all over the world purchasing and marketing property. I will keep you up to date with how that is going as I progress. I will give you a call next week and give you my 2 minute update. In the meantime, if you have any interesting property stories or hear of anyone needing help let me know.
Ray
FAMILY
Hi Aunt Bessy
Hope you are well, looking forward to visiting you in July, I have started a new business, I will give you all the information later, but for now, if you know anyone who is thinking of buying or selling a home let me know. I will tell you why when I speak to you.
Love
Ray
Do Something
I am sure that improvements can be made to the message but they will do for now, I will search the internet later for refinements. Our instructor told us a story at real estate school about a sister of his who listed their house for sale and didn’t ask him for help. He realized he was telling everyone he knew what he was doing but forgot to ask for business. I am willing to learn by others mistakes.
This Weeks Focus
Master Forms
Grow and Update Database by 10 New Contacts
Ask to sit in an Open House with an experienced agent this weekend