The Combination that Gets you Business

Here’s the answer to the question, “What is the one thing I should do to get business?” Yes, people are always asking me that. I think it’s because I’ve written two resources for would-be and new agents: Become Tomorrow’s Mega-Agent Today and Up and Running in 30 Days. Now, we know that becoming a skilled real estate agent isn’t just one answer. But, there is one thing new agents (and seasoned agents) can do that requires

No skill

No experience

No money

Little time

And, this one thing will make you stand out from the crowd better than any other one thing you could do! What is it? Simply:

Write a thank you note (a real hard copy note, not an email)

Why?

Because manners and ‘thank yous’ have gotten increasingly uncommon! You will stand out simply because you’ve taken the time, thought about that person, and cared enough to write—and put that stamp on it.

Write More Than One Note

I’m not going to tell you to write a certain number of notes per day. You can set your standard (that means the minimum you’ll do). However, the more notes you write, the more business you’ll get……

What to Say

Thank you. Thinking about you. I appreciate you. I used your advice. Here’s something for you that would be helpful. I found the information you wanted.

Note to managers: This is also one of the strongest motivational tools you’ll ever have–writing notes to your agents with encouragement, thanks, etc. Do you do enough of it? Set your own goals now.

Big important sales principle:

Contacting people is simply finding an excuse to write, pick up the phone, or go see.

My challenge: How creative can you get?

You are more creative than you think they are. Now, sit down and think hard about 5 people you’ve started to work with, but need to contact now. What about them fits into any scenario for you to write that note, pick up the phone, or go see?

Proof is in the Pudding

My first year in real estate, I sold 40 homes. Also, I sent more things in the mail than any other of the 30 agents in my office. Why? Because I wanted to create a ‘critical mass’ of people who thought I was wonderful. Yes, an agent can also do this with social media. But, you want to stand out. And, you will stand out much more if you write to one person than to many. After all, you are working with that one person who will pay you thousands of dollars. He/she is worth that special, individual effort! That’s the one thing you should do to get and keep business.

• has been in the business three to five years and seems real committed and enthusiastic,
• has completed higher level training (Graduate REALTORS® Institute and Certified Residential Salesperson—both REALTOR®-sponsored educational series for real estate agents, which include sales and technical skills),
• has completed an average of 10 to 20 sales per year or more (working with buyers),
• has letters of recommendation and a list of people I could contact,
• has a portfolio or brochure, with stated mission and values,
• specializes in areas where I want to look,
• has time to put me first, within reason,
• doesn’t delegate me totally to an assistant,
• seems strong enough to tell me the truth, even if I don’t like it
• provides clear explanations about agency relationships and how they work are clear and concise,
• has high standards for choosing buyers,
• demonstrates strong communication skills, and
• seems to match my business values.

 How many of these qualifications do you meet? If you don’t meet them, how can you ‘equal’ them with your other great qualities and skills? (like being in the business only 1 year….) Why do you think I listed them? What do you think they mean to consumers?

Agents Sure Responded to Me

I was really shocked when I started getting phone calls and emails from agents, protesting that I was too stringent in my qualifications. I’m afraid they were using ‘inside out’ thinking (from their perspectives, not clients). If you don’t agree with my list above, what do you think clients should expecct from an agent?

The key here, is not to feel you can’t do a great job for a consumer without some of these qualifications, but to figure out what you DO bring to the table.

Expected, or Exceptional?

Unfortunately, too many of us in services businesses think that we are providing exceptional service–while the consumer rates those services as ‘expected’.

So, my question to you is: What’s your list of qualifications, and how can you get to the ‘exceptional’ level? If you don’t have the qualifications I listed, how do you compensate for them?

The reason I’m asking is that the public is increasingly going to websites to read feedback from other clients regarding an agent. The public is getting smarter about choosing agents. Set some goals for yourself this year to meet the highest standards for your clients–and then you can promote them, too.

Why Tell Me Now?

Right now, I’m doing several things that I think will greatly impact the success of a new real estate agent. Here they are:

1. I’m making a new online version of Up and Running in 30 Days, to help new agents and managers assure that new agent gets started fast–doing the right things in the right order. I’ll be providing coaching, training videos, and accountability to show ultimate support for that new agent–and the broker enrolled in the program.

2. I’ve just been named New Agent Expert for a national real estate publication, which will interact with pre-license schools. So, I’ll have an opportunity to help agents prior to their coming into the business. 

3. I’ll be providing brokers with coaching so they can stay on track with their new agents, and assure that everyone has the same focus–success quickly for that new agent.

So, I have two questions for you:

1. What does the new agent need to know to succeed?

2. What does the new agent need to do to succeed?

To answer those questions, think of the successful agents you know. What did they do in the first 3 months of the business? What did they avoid?

Training: What new agent training helped you? What was useless? What ought to be there?

Coaching: Were you coached as a new agent? What was good? What was not useful to you? What do you wish someone would have told you?

Your Opportunity to Help the Industry

Okay. Here you go. Comment on this blog and help the industry, so we can raise the level of expectations of new agents, give brokers some guidance, and help consumers think well of us. Thank you!

The Ten Tips

1. Learn non-verbal skills and apply them in writing, on the phone, and in person to establish rapport in an increasingly ‘cold inquiry’ world. (For example: That’s voice pacing, inflections, pauses, pitch, dynamics–just to name a few ‘hearing’ non-verbal skills.) 

2. We believe what others say about a salesperson, not what the salesperson says about themselves. Use testimonials; check evaluation websites to see what consumers are saying about you.

Check out www.realestateratingz.com and www.incredibleagents.com.

3. Create an after-the-sale survey and use it consistently. If there’s something wrong, fix it fast.

4. We believe what we see, not what we hear. Show, don’t tell. Use visual presentations consistently.

5. Flip your sales presentations. Ask questions—lots of questions—first. Educate. Finally, sell (well, you won’t have to sell).

6. Tell the truth attractively. Show evidence.  Don’t try to scare the client into action by predicting  the future.

7. Evaluate the client for long-term relationships. Is the client someone you want to add to your ‘tribe’?

8. Use ‘tough love’ with a client to tell the truth, turn down a client—to stay true to your values. Do what’s best for the client.

9. Re-cap. Regularly, stop and re-cap with the client. Do this, too, when you can’t meet client expectations.

10. Book of Greatness: Don’t brag about yourself in the middle of apresentation. Create a ‘Book of Greatness’ to use in your pre-first visit so your clients get to know you and your approach to sales.

Trust evaluator: See what your trust level quotient is. Click here to get the Trust Evaluator. The higher your trust quotient, the more money you’ll make–more easily.

I know. You were interviewed and sold on the company’s training program. You thought that was the main criteria for your success. But, if it were true that the training program guaranteed success, all those agents who went through it would be selling up a storm. They’re not. So, here are facts and fallacies about what a company training program can do for you.

Because my start-up business plan, Up and Running in 30 Days, has been a best-seller, the editors there asked me to update it again with a fourth edition Since real estate is changing so dramatically, I wanted to update the potential or newer agent (or even you experienced agents), with the major trends agents need to recognize. This excerpt explores the important trend of company training.

Three Major Concerns with Most Company Training Programs

As a National Association of Realtors Educator of the Year, I certainly support training. However, my observation is that few company training programs today fill the bill of what I judge to be valuable training. There are three problems with company training programs:

1. They aren’t taught as ‘training’. They are taught as ‘education’ (someone tells you all he/she knows, so you know what the teacher knows).

How you’ll know: If the instructor spent almost all the time talking, and you spent little or no time in role playing or in action plans, it really wasn’t training to prepare you to sell real estate. You know a lot, but, what can you DO?

2. They aren’t centered on sales. They’re centered on the technical aspects of our business (new agents conclude that memorizing laws and filling in blanks in forms are most important to their success)

How you’ll know: Look at your training manual. Which is the largest part?

3. They aren’t driven by a business-producing start-up plan (and new agents need order and priorities to decide how to put that training to work every day)

How you’ll know: Were you given a prioritized lead generating, business-developing plan to put to work in your office every day? Did you have to make a daily and weekly schedule and analyze and evaluate it?

Bottom line: What were you taught, what experiences did you have, and what models were you given that prepared you for the day-to-day job of managing your real estate career?

Question: What did you wish would have happened during that training that would have helped you succeed much faster? Let me know. I’m right in the middle of doing my fourth edition of Up and Running in 30 Days!

The Value of Being a Salesperson

 I learned the value of becoming a salesperson–a really, really good salesperson, because I learned I could help people do what they wanted to do–and just needed someone to facilitate that.

If There Were No Salespeople

Where would we be without sales skills and salespeople? Here are some of the notable people today that you don’t think are in sales–but who have really, really good sales skills (and have to have, to get us to embrace their ideas):

Madonna (she may not be the best singer, but, boy, does she know how to sell herself)

President Obama (he must be able to sell himself and his programs)

Warren Buffet (help people embrace his investment ideas)

Bill Gates (Sell Microsoft and its products)

What Salespeople Do–and Why You Should Be Proud to Call Yourself a ‘Salesperson

As my first ‘boss’ in real estate said, ” If there were no salespeople, few/no goods would be bought” (except those that are absolutely needed). In fact, as Bob pointed out, the economy would come to a grinding halt. Look at what’s happening in our economy today. People are just starting to spend money again, and salespeople should be there to help people see the benefits of buying.

Sales Skills are Artistic and Not So Easy to Master

Now, there is a movement against using anything with the connotation of ‘sales’. Yet, there is nothing wrong–and everything right–about the art of sales. Using properly, sales helps people see the benefits of buying whatever they are considering.

Poor Sales Hurts the Consumer–Really Hurts!

As a long-time real estate salesperson, I saw buyers and sellers actually stopped from purchasing or selling because their salesperson was so inept. That meant the customer lost hundreds of thousands of dollars down the road! In fact, 99% of the mistakes agents I observed salespeople make were not in forcing, manipulating, or lying their way into getting someone to do something not in their best interest but rather

stopping a buyer or seller from doing what’s best for him/her because the salesperson had such lousy skills

Become a Blazingly Good Salesperson

If you have some reticence at the word ‘salesperson’, tackle that reticence right now. You aren’t just a licensee; you aren’t just an agent; you are a sales professional. You discover prospects (lead generation). You uncover prospects’ needs; you help prospects investigate new possibilities; you help prospects prioritize information and properties; you negotiate on their behalf. Those are all sales not agent skills. Agency is just a license. Sales is a skill and an art. Become  an artist of what you do!

If It’s Not Knowing Lots of Stuff, What Is It?

Practice and performance. So, what in the world can a pianist teach you about getting higher performance? A lot, I think.  Why? Because pianists play better by learning new skills–not learning about how the piano is tuned…….

Without new skills, we just keeping working harder, not smarter. The really bad thing about continuing to beat your head against that ceiling, is that it hurts more and more. You spend more energy just trying to accomplish the same thing.

 Too Much Energy, Too Little Results

 Worse yet, we bounce off that ceiling and hit a new low every thing we get up the energy to try to break through it. Not only that, the last few years have been discouraging for many in real estate. Don’t give up on yourself! You do have the talent, the skill, and the determination to succeed at a much higher level again.

 All Performers Hit ‘Ceilings of Achievement’

 As a long-time performing pianist and flutist (I spent the first thirty years of my life playing and teaching music), I had to learn how to constantly change up my playing for the better. In these next few blogs, I’m going to share what I learned as a musician that will change your  performance dramatically—for the better.

 You Aren’t as Good as You Can Be—I Promise

 I just did a talk for our area’s Women’s Council, on how to have a much better ‘next year’—how to smash through that ceiling of achievement. (Title: Everything I learned about Achievement I learned from Tickling’ the Ivories—also the title of my latest keynote).

 As a four-year old, I climbed up on the piano bench and figured out, by ear, how to play “Sue City Sue”—with bass notes, chords, rhythm, melody—the whole shebang. I was acclaimed as a little kid. However, as I got a little older, I found that playing by ear just wasn’t getting me to be a better player. Here’s what I did to get to concert artistry level, and earn a bachelor’s in piano performance—and how you can translate these performance principles to your real estate business.

 Get from ‘By Ear’ via your Talent to Conscious Systemization

 As a musician, I know that no one can play very well when they try learning only by hearing (playing ‘by ear’). To progress past a ‘whiz-bang, aren’t you wonderful’ amateur level, musicians must learn to read music, get a great teacher, and learn to practice perfectly. Generally, their teacher/coach will teach them how to practice, and provide the best editions of music. They will teach them a specific system. The better the system, the coach, the music, and the practice, the higher the performance—the sky is the limit.

 The First Time You Do Something Isn’t As Good as it Gets!

 What does that mean to a real estate professional? Most of us started selling or managing ‘by ear’. Some of us were talented, and that carried us pretty well for quite a while. But, then, we hit our ‘ceiling of achievement’, and found we were working 24/7 and expending way too much energy—and money. The way out:

1.  Grasp systems (the best systems you can find)
2. Follow processes and checklists
3. Get a great coach
4. Practice as perfectly as you can

 Practitioners—Watch Those Actions, Not Just the Words

 Unfortunately, we real estate professionals don’t realize that we are judged on our performance, not our knowledge. So, when you get all antsy because you think you need more classes, stop and think about your performance level, not your knowledge level. Spend more time evaluating your performance, and pay someone to coach to you get better (all performers, whether musicians or golfers, do this, by the way). Critique your systems, and keep refining them because they will subconsciously affect your performance levels.

 If I had a piano, I’d demonstrate these points (I do use the piano in the keynote!).

 What Do You Want to Work on This Year—from ‘By Ear’ to Systematic?

 Do you have some business plan goals for yourself this year to raise your ceiling of achievement? What do you believe is most valuable for you to work on?

Remember, if you’re a newer agent, you’ll be tempted to hang back, keep your fingers off the keys, and wait for something different–or better–to happen to you. Don’t get tempted! Put to work these performance principles and see yourresults improve dramatically.

Question: What do you wish you’d had as training to help you ‘see’ success early in your career? What would you change about your training if you were creating it?

 What should you expect from a training program?

What to Look For: Five Critical Points

If you’re looking for effective training to get your career started fast, or re-started, you need to choose a training program that has these features:

            1. The objective is fast productivity, not just knowledge. When you interview, ask what the objectives of training are with that company. If it’s just knowledge, run the other way! You will know a lot, but you won’t be in business very long!

            2. The training program has business-producing expectations and goals.  For example, if you expect to make money fast, your training program needs to help you learn to set prospecting goals and attain them. That doesn’t mean lecturing in class. That means you have an activity plan and are working in the field during the class duration. That also means that you aren’t in class all day.

            3. The training program is built around a business start-up plan. Ask to see the company’s business start-up plan for you. If it isn’t sales-producing, it isn’t a real start-up plan.     

4. Sales skills are practiced by the students in class. How can you expect to be competent with clients if you haven’t gained competency and confidence in the classroom? Clients are very discriminating these days. They expect agents to know what they’re doing! During the interview, ask for a description of how the students spend class time. If the manager says the students listen all the time, pick up your materials and go to the next interview. You need skills training; you don’t need to know everything the instructor knows.

5. Expectations for achievement in sales developing and packaging are clear. Is this a college-level training? In college, students are expected to perform during the course. If you’re not expected to practice outside class, and get your sales packages together (like listing and buyer presentations), then this isn’t a real training. It’s just a time-eating event. Wouldn’t your consumer expect you to have a high level of competence? Then, your training program must deliver.

Armed with these 5 critical expectations, you can choose a training program that is dedicated to assuring you quick results, high sales skill, and confidence with consumers. Why settle for less? 

Question: What went wrong with your traiming? What do you think should have been in your training program?

Want to see that kind of program–and a sample of what it looks like? Check out Advantage 2.0. Click here to see more.

Although there are as many approaches to the real estate business as there are people, there are certain qualities that are common to successful real estate professionals:

 1. High personal initiative. Do what you know needs to be done even if no one else is doing it!

2.  Tenacity. Studies show most salespeople give up after the second ‘no’. Yet, most customers only say ‘yes’ after they’ve said ‘no’ 5 times! Never give up.

3.  Risk taker. Doing it before you have all the answers–taking risks–is a big part of starting your career successfully.

4.  Accountability to yourself. Plan your week and work your plan. No one else will do it for you in the real estate business.

5.  Reliability to others. The consumer rates “trustworthiness” as the most important attribute they need in a real estate agent. Keep your promises.

6.  Willingness to learn. In this warp-speed changing business, being a life-long learner is critical to success in a real estate career.

7.  Enthusiasm. Would you buy anything from anyone who wasn’t convinced himself  that the product or service was important to you? And could convey his excitement and enthusiasm?

8.  Handling rejection. Absolute faith in your own convictions and your own self-worth helps you weather those thousands of ‘nos’ and keep going to get a ‘yes’.

9.  Creativity. Doing it like we’ve always done it just won’t work in this changing environment. Try it differently. Put you into the sales equation for great success.

Help me Out.

I’m preparing a new edition of my book for would-be and new agents, Become Tomorrow’s Mega-Agent Today. What characteristics should I add?

Here’s the rest of the list of 10:

1. Starting the business part-time, with no ‘drop dead’ exit plan from your other work. I know. I started part-time, but, within three months, I realized that I could not serve my consumer honestly when I had to run to another job. The truth is that you just don’t care much about the consumer if you’re not committed and working a real estate at least 50 hours a week. If you have to start part-time, give yourself a deadline to become full-time. Managers, don’t hire without that dead-line in writing. You’ll be wasting your time training and coaching.
2.  Not getting a commitment from your manager that he/she will consistently and frequently coach you to a game plan. If your manager can’t rise to that level of commitment, how successful to you think your manager intends you to be? (Side note to managers: I believe you need to be 100% committed to your agents, or else the likelihood they will fail is 100%. Use a precise, consistent, proven game plan like the 3^rd edition of Up and Running in 30 Days to put your agent to work, and coach your agent with Managers: Putting Up and Running to Work, now in its 3^rd edition to match the new, expanded agent’s start-up plan.)
3. Thinking that the best commission plan is the best place to work. As the old song says, “Nothin’ from nothin’ is nothin’.” You need to sell lots of real estate—lots and lots of real estate. Choose the place where you think that will happen. New agents who figure out they only have to sell three homes a year to pay those fees are thinking like losers.
4. Not investing in the business until they ‘get successful’. When would that be? Why do you get to be successful without an investment? With that attitude, how are you going to compete with those great agents—and how are you going to meet those amazingly high consumer expectations?
5.  Going into the business to see if they like it. I’ll bet 50% of new agents don’t really go into the business to make it a career. They go into the business to ‘try it out’. If that’s your attitude, how do you expect your manager and your company to be 100% committed to you, when you’re 25% committed?

A Great Manager Plus a Great Plan Plus Accountability = Success

Harsh words above, but true.  If you want to succeed, find a great manager who will coach you and hold you to a start-up plan. Find a manager who will tell you the truth—even when you don’t want to hear it! Find a manager who is 100% committed to you, and you will be one of those 50% who survive their first years, and go on to great careers.