This month’s Real Geeks Coaching presentation, “Laying A Solid Foundation to Build Your Year On” by Dirk Zeller of Real Estate Champions focused on concrete ways that agents and teams can focus, re-energize, and motivate themselves and their leads to take action and increase wealth. Sharing the importance of a business plan, persuasive messaging, personal motivation, success indicators, and more, this episode inspires.


Tune In to Your Business Plan
At the start of the year, most of us are evaluating where we’re at and setting goals for the new year. Some of us review, revise, or create new business plans. It can be an inspiring time. However many of us then put away the document to get about the business of our year.

Dirk Zeller cautions against this in his latest coaching video, reminding that “a business plan is a living breathing document,” that can be modified as needed. “Review your business plan EVERY SINGLE WEEK,” Zeller said, “not just to kick off your year.”

Zeller also advised that agents set tangible goals that relate directly to them, asking, “What speaks to you more? Unit volume, sales volume, GCI (gross commissions income)?”




Talk to and Advise Clients
Zeller explained that now is the time to act and provide clients “fundamental reasons” to do business NOW vs. in the future. “The most important 60 days of your business is the 60-day window we're in right here, right now,” he stressed.

To do this, it’s important to have market stats and persuasive data. Using the example that NAR (National Association of Realtors®) reports that inventory is roughly half (52%) of what it was at this time last year. Sharing this statistic with potential sellers provides motivation for them to list their home.

Understanding the percentage of appreciation in your marketplace last year is another idea. Most sellers react favorably when they see the potential in their home sale. Discussing profit, Zeller explained how he might share this with a potential seller. “The national number [for home value in 2020] was 14% appreciation... and 2021 maybe half that, so if the bulk of that, 7%, happens between March-November.” Zeller said to ask your clients, “Do you want it in your pocket?”

Framing statistics favorably, building urgency, engaging, and committing clients in the next sixty days ensures production throughout the rest of the year. Zeller encouraged each of us to ask, “What is a non-negotiable in the next 60 days, that you have to do no matter what?”

Motivate Yourself to Success and Look Forward
“Success is not contained in doing 1 zillion things well,” Zeller reminded. “It’s contained in doing a handful of things well.” Prioritization and execution deliver results. Zeller reminded all of us of the need to look forward, especially now as the economy and the world changes rapidly. Apply the Pareto Principle 2:49 Need his quote here 20% generates 80%, etc.

Zeller encouraged everyone to “Eat, live, and breath the 80/20 rule for the next 60 days,” explaining that the real estate industry is an odds game and that the odds are changing. Recognizing the odds of the game and how can agents can and need to make adjustments is critical to success. “Sales ratios have changed,” he said. “We've got to adapt to the new sales ratios.”

He encouraged listeners to read the book Who Moved My Cheese by Spencer Johnson, and then adjust, adapt, and accept the changes of today's marketplace. “The longer it takes you to get to the ratio recalibration, the longer it will get to the production you want,” Zeller cautioned. As agents adjust their mindset, he also encouraged them to focus more on direct income-producing activities instead of production supporting activities.

Change Your Behavior and Mindset
When focusing on income-producing activities, Zeller pointed out that agents needed to ask themselves, “What is the monetary value of an appointment?” He explained that many agents put off activities because the reward is not immediate and asked, “If you got $2000 in cash for the aspect of booking an appointment, would that change your daily behavior?”

Knowing that in many cases it would, Zeller focused on the need to recognize the value of the appointment, noting that instant cash shouldn't change your behavior. “You should treat it with the same intensity even if the payment is delayed,” he said, challenging each agent to make the commitment to do a call night once a week. “You've got to move the odds strategically in your favor,” Zeller encouraged.

Introducing the four probabilities of success as knowledge, skill, attitude, activities, Zeller shared that high producers have a good enough attitude to DO a whole lot more and that he feels that activities, not attitude has more influence on future success. In his personal life, Zeller has seen that activity influences attitude in high performers more than attitude influences activity. Due to that, he suggests that agents focus on the activities to change their lives, dollars, and everything else. “Get out ahead of goal,” he advised, “instead of playing catch-up for a good portion of the year.”

Published on Jan 22, 2021 under ,

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Coaching Keeping It Real

Keeping It Real: The Resources To Equip Your Real Estate Team for Success with Sascha Chatman

Keeping It Real: The Resources To Equip Your Real Estate Team for Success

 

 

In this episode of Keeping it Real, Sascha Chatman and  Frank Klesitz, CEO of Vyral Marketing, break down how you can equip your real estate team for success.

Learn more about the resources needed to manage your own team of real estate agents. Of course, a capable workforce is one thing for generating leads and obtaining success in the real estate world. However, having the right resources available is one of the critical factors needed to equip your real estate team for success.

Recruiting Presentation 

Transforming Your Success into Their Success

Creating a Schedule

Buying this Year vs Next Year

Discovery Phase

The discovery phase is meant to determine whether or not the agents being recruited are the right fit for their real estate team while providing the necessary details for the agents to know what their team is about. Sascha first discusses their team goals and strategies to ensure agents know exactly what they're walking into. He also discusses other matters, such as expectations from the agents themselves and their commissions.

The discovery phase may be one of the most important parts of knowing how to equip your real estate team for success. In order to succeed, you need to have a reliable workforce on your side that shares the same goals and is willing to cooperate with the rest of the team to move forward. Having a compatible and efficient team is one of the best resources you can have in real estate, as it can significantly affect your business' productivity.

Ad Educated Buyer is Easier to Work with!

Agent Utility Belt

This is the highlight of the entire video. Sascha compares his utility belt of resources to Batman's belt of tools and trinkets. This belt essentially exists to store all resources and keep them within reach. Don't get the wrong idea, though. It's not an actual belt. Instead, it is usually a cloud or a compilation of all your valuable resources, such as videos, links, and other agent tools. Having a utility belt that is curated specifically for your team and your needs could help increase the productivity of your workflow because you won't have to scavenge for resources when you need them.

Not only does it make you more productive within your workplace, but it also gives off the sense that you are reliable and organized. When clients ask for something, you will easily have it within reach. 

Clients understandably have many questions before closing the deal, so one of the best ways to answer them is to grab a resource from your utility belt. For example, you're talking to a client about title insurance. Instead of answering their questions yourself, you could take an informative video from your utility belt and ask them to watch it. This makes it easier to understand and relate to.

Having a utility belt is a great way to equip your real estate team for success. It also comes in useful during business transactions. All in all, it's one of the best resources that a real estate team can have.

Having the right resources is essential in equipping your real estate team for success. Create an agent utility belt that caters to your team by signing up for the Real Geeks platform today. We provide valuable resources that you and your team can use to achieve the best possible outcome in every situation. Get started with us today!