For Real Estate Sales Professionals

May 12, 2004 E-zine

May 12, 2004
 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Read by More Than 30,000 Agents

Always be determined to become the
best real estate agent in your territory!

In this Issue:

1. Achieving a Level of Success in Your Real Estate Business

2. Utilizing Effective Stories with Your Real Estate Clients

1. Achieving a Level of Success in Your Real Estate Business

Almost every agent in real estate would like to be making more money than they are right now. For successful business people, increasing our income over what it is now is very often a barometer we utilize to determine what our next level of success will be. This is very normal, but we also have to watch out. Sometimes we can get overly wrapped-up in the ongoing idea that our success lies completely in what we still haven't accomplished yet, not in what we've already accomplished. And when it comes to making money, we have to watch out that we don't discount what we've already achieved in this arena, and think that our true success lies in the levels of income that we still haven't achieved. While this approach can lead to constantly increased levels of production, we can oftentimes be left with the ongoing feeling that we're never achieving the level of success we've wanted in our lives.

With respect to this concept, I heard an interesting quote from Ted Turner that I feel definitely applies here. On the subject of money he said, "When it comes to making money, you always want more. I mean look at Bill Gates---even he feels he's having a tough time getting by."

At first glance this quote can seem like something to just be laughed at. But there's a lot of truth to it. People like Bill Gates are constantly driven to continually outdo themselves in business. And when it comes to people like you and I, our incomes and levels of success are not followed under the microscope of the international media every single day. There are probably some days when Bill Gates wakes up, looks at the latest stock market report, and realizes he's just lost tens of millions of dollars in his personal net worth due to fluctuations in the market. I don't know about you, but I think this would take its toll on just about anyone at some level. Plus, if any competitors launch a serious charge to Microsoft's domination of the software market, this may also have an impact on Bill Gates' net worth, not to mention the field day the media will have in talking about what has happened to him. So in many ways he's probably continually driven to do what he can to keep any of this from happening, in addition to having his own internal motivation for success also.

Can you just imagine what it would be like if the media knew what your income was every year in your real estate business, and continually reported this as front page news to the world along with their own opinions on what they thought you should be accomplishing instead? Do you think this would add even more stress and/or motivation for you to perform at an even higher level in your real estate business?

As a real estate agent, you want to make sure you're not caught up in the grind of continually discounting the level of success that you've already achieved. While it's great to constantly work at improving your results and your income, if you've been in this business for years, have seen your income grow substantially during that time, and you still don't feel like you're the successful agent you want to be, you may be being a bit tough on yourself. If you think back a ways, there was probably a time years ago when you thought that if you were making the money you are right now, that you'd be successful. But somehow that level of thinking no longer applies. The income level that represents true success to you now is probably a lot higher in your mind than it was back then.

When someone sees their income grow from $25,000.00 a year to $50,000.00 a year, then to $100,000.00 a year, then maybe to $250,000.00 a year, $500,000.00 a year, and then perhaps to over $1,000,000.00 a year, if they still don't feel successful as a real estate agent where's the "win" in their career for them? People oftentimes get into real estate because they want to become successful. But if their income continually increases and they still don't feel successful, what's the point? When will they ever get to feel successful?

When you find your income increasing in this business, acknowledge the success, let it sink in, and feel good about it. Then, while already feeling successful, continue to move yourself in the direction in your real estate career that you feel passionate about.

Click here for live audio interviews with top-producing real estate agents. These are interviews with industry experts who show you exactly what they do to continually be top producers.

2. Utilizing Effective Stories with Your Real Estate Clients

The people who become the most successful salespeople are oftentimes the best storytellers. With this in mind, you'll want to have stories and metaphors available in your repertoire of responses to your clients and prospects for the appropriate moments when they may be helpful.

Stories can be great to utilize when your clients and prospects hit a roadblock in moving forward in a real estate transaction. In situations like these, it's great when you have a story you can tell of a client or prospect you've previously worked with who had similar concerns to the ones your people are facing right now. But the client or prospect in your story found a way to successfully move forward with their transaction, and they're now very happy that they did.

As an example, you might have a client who is hesitating about moving forward and closing a transaction. If you had a story you could tell like the following one from your experiences as a real estate agent, this could be the perfect time to tell it:

"What you're experiencing reminds me exactly of what was happening with Don and Jennifer, two wonderful clients that I worked with about two years ago. There came a moment in time, just before we were about to close, where they wondered if this was really the best choice they could make in moving forward. They soon realized that what they were experiencing was normal, and that all the reasons they originally had to move forward and close this transaction were still valid. So they moved forward, closed the transaction, and now the property they purchased is worth 40% more than they paid for it. As you can imagine, in looking back at the decision they made to move forward, they're now very happy that they moved forward and closed the transaction."

People love stories. And when you can tell a true story about clients who were faced with similar circumstances, moved forward, and were thrilled with the results, this can have a very positive effect on the minds of your clients.

Having sold real estate full-time for 20 years, I know of no property I sold where the buyer wasn't thrilled with their decision to buy it when they looked back on that decision years later. But sometimes, when clients are about to commit to completing a transaction, they may not see it exactly the same way. 

So when you do what it takes ethically and morally to move your clients forward in closing a real estate transaction, there's a good chance you'll be doing something they'll feel great about for the rest of their lives.

Click here if you'd like more information on my one-on-one real estate coaching program. One-on-one coaching is available for both real estate agents and company management.

 
Click here to visit my Web site. There you'll find many articles and previous editions of my E-zine to assist you in taking your real estate career to the next level.

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If you find yourself trying your hardest in your real estate career and still not making the amount of money you know you can, you may want to find out more about my one-on-one real estate coaching program. If this is something you may definitely be interested in, send me an E-mail or give me a call at (909) 694-6655.

"Within weeks after beginning my work with Jim I'm now involved in the biggest transactions I've ever worked on in my career."

Anthony Naticchioni
Ashwill Associates Commercial Real Estate Services


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