By Melissa Krchnak
Do you have a wig?
No, I’m au natural.
I’ve been learning about “The 4 Disciplines of Execution” and getting my Wildly Important Goal (WIG) figured out.
Oh, that kind of a WIG… Yea, I’ve got one of those!
Most of us do not have a problem coming up with great ideas. Hell, we could revolutionize our industry with all the awesome thoughts we have throughout the day. It’s the plan for execution we trip on. Yep, I’ve got those bruises, too.
So, figure out what’s your first domino: What is the “ONE Thing” that will make all your other little goals easier or unnecessary when you achieve it? That, my friends, is your WIG.
There are three other steps, which I will discuss in my future YPN Lounge posts. However, you have to build a rock-solid foundation before you throw up beams and a roof and call it a home. Nail the first discipline then move on to the second.
Melissa Krchnak is the team leader for Keller Williams in Pikesville, MD. Connect with her on Twitter @mkrchnak.
By Melissa Krchnak
‘Tis the Season…
To…Prep for Next Year. While I love to evaluate what I’ve done, I’m also ambitiously looking at 2013! I started planning for next year months ago and am putting the finishing touches on it these last few days of the year. I feel waiting until January to do business planning is missing the boat a bit. Am I the only one?
To…Be Grateful. I live in gratitude. It’s funny how often I simply say “thank you” and it seems to make someone do a double-take. When you express thankfulness and appreciation, you’ll see it continue to find you.
To…Take the Extra Step. I always love asking someone with a great idea what it looks like three steps in. I’m not suggesting that as much as I’m saying that most people don’t think one step in. What if you took one extra step? Tipped $1 more? Hugged one more person?
To…Deck the Halls. Celebrate your successes because 2012 has been an amazing year! We’ve seen family and friends get married, have babies, survive health scares, and we’re still here to welcome 2013. Relish the high points of your amazing year and welcome 2013 with open arms!
Happy Hanukkah, Happy Kwanzaa, Merry Christmas, and Happy Holidays! However your family celebrates, may this find you healthy and happy!
Melissa Krchnak is the assistant team leader for Keller Williams Realty in Rancho Cucamonga, Calif. Connect with her at kwrancho.com.
By Anand Patel
Successful real estate agents are failures.
Let me explain. To really make it big in real estate, we have to accept the fact that failing — A LOT — is part of the equation. We all know real estate is a numbers game, we just have to remember that every time we fail (i.e. FSBO says, “I just bought this new how-to book and I’m selling my home myself!” Buyer says, “Sorry, I’m working with my sister’s ex-boyfriend’s step mom who just got her real estate license.”) we are one step closer to getting that “Yes!” If we aren’t failing at least weekly, preferably DAILY, we aren’t stepping outside our comfort zone enough. This means we are settling and not pushing ourselves beyond what we “think” we are capable of accomplishing. We all know, deep down, we can each do MORE. I have to remind myself all the time when I get in a rut.
So what do we do to keep moving forward, being persistent, resilient, and staying motivated in the face of “failing” daily?
- Make a game out of it. Why can’t failing be fun? Keep tally on a whiteboard in your office of each call that’s a “No” and then celebrate the eventual “Yes!” with a simple pat on the back, a little victory dance at your desk, or buy yourself that new jacket you’ve been wanting as a reward. Do whatever it takes to make it fun and enjoyable.
- Don’t take it personally. Each person you don’t attempt to call or approach, you are already 100 percent guaranteed NOT to get their business. What do you have to lose?
- My favorite method: Continue reading »
By Dave Robison
The problem client:
That’s what an agent said to me over a year ago. “Dave, this client calls me a lot and is really high maintenance. Her listing price is unrealistic, we should just drop her listing.” This agent was selling 40 listings a year. He should know exactly what he is talking about right? Many sellers have pie-in-the-sky pricing on their listings and they may blame you that its not sold! Phone rings… “Mr Agent, why haven’t you sold my unrealistic high priced listing? I mean you haven’t even brought one buyer over to see it!” (Ummmm…probably because no one wants to see an overpriced listing, duh.)
Well, this seller had a hard time reaching their listing agent mainly because the agent felt like she was high maintenance and his time was better spent elsewhere. As a result, when her mother asked if she liked her agent, her response was, “Not really.”
There went $20,000 in referral commissions down the drain. The mom went and used another agent.
I took over:
Right about this time I heard through the grapevine that she wasn’t happy. The agent wasn’t happy either. So I took over. I sold her home and helped her buy another one. That client was worth $20,000 in commissions on those transactions. If she had been happy there would have been another $20k in commissions for a total of $40,000 in commissions made.
Where success comes from: Continue reading »
By Cory Brewer
In the past year or so I have run across several examples of REALTORS® (myself included) being tempted to be a “jack of all trades” when it comes to serving their clients. Let’s face it, we don’t want to give up control and we are also worried about potentially giving up a paycheck.
However, is it really in your best interest to step outside your area of expertise? More importantly, is it in your clients’ best interests? Sometimes the answer to these questions is no, and that’s when you have to step back and think about giving up a little bit of that control.
I had an eye-opening conversation with a local colleague of mine recently who focuses his entire business on short sales. I have closed my fair share of them, but that is virtually ALL he does. The point of the conversation came down to a key statistic: Success Rate. This REALTOR® closes about 90 percent of all short sale listings that he puts on the market, whereas the national average is somewhere around 25 percent.
Here is the food for thought: Are you better off busting your hump to have a 25 percent chance at a 100 percent commission (which could very well be reduced by the lien holders, especially if you’re not a seasoned short sale negotiator) or are you better off referring it out and having a 90 percent chance at a 25 percent referral commission? Think about all the time, effort, and marketing dollars that go into a listing. Now think about how much longer (and how much more work) it takes to see a short sale through to closing successfully. And finally, think about who is truly doing a better job for the client…you, or the specialist that you trust to take care of them? Continue reading »
By Toby Boyce
It was a hot summer day in late July 2006 as I slipped down U.S. 23 to the Ohio Division of Real Estate testing center. I had made the jump into real estate without a safety net – quitting my job in higher education public relations and knowing that if I failed this test it would be a very-very bad sign.
Well, I passed the test. Actually, I scored a perfect 100 percent on the state portion of the test, a feat that none of the folks working that day had ever seen achieved. So I entered into the world of real estate with a swagger and confidence. “I got this.”
We got through two years when 2-out-of-3 licensed agents aren’t even using their license. And now about to hit the five-year milestone and the only thing I’m certain of is how little I really knew when I said, “I got this.”
While the last five years have been an emotional and financial roller coaster, I wouldn’t have traded it for anything. I honestly – even if naively – believe that I’ve learned more during this period than I could have in any other venture.
“I wish you’d made the jump a few years ago,” said a former agent. “It was so easy, the phone just rang and buyers were there.” That sounds like being an order taker to me, so why not work at a local fast food restaurant?
What have I learned in five years in real estate: Continue reading »
By Brett Caviness
I strongly believe in the power of positive thinking and live by it everyday. As a determined entrepreneur and recent graduate of the University of Northern Iowa, I am goal-oriented and envision my plans becoming a reality. I work toward my goals each and everyday.
I have been in the business since 2009, but recently began a new chapter, bringing my business home to the resort community of Okoboji in North-West Iowa. Excited about this new endeavor, I began marketing my diverse interests along with the areas both my office and I specialize in.
I began using the phrase “From country living to your back-yard beach, I’ve got you covered.” No later than two days after this phrase was published in a local newspaper, I was contacted to co-list my first two area properties. I was approached first to co-list a lakefront “Back-yard beach,” then later in the day to list an acreage “Country living.” I couldn’t help but notice the strange relationship between the vision and words that I convey each day and the reality that I was creating. I feel we play a critical role in the world we co-construct.
As I hit the pavement running on this new journey, I am focused on my physical actions as well as my mental motivation that help draw success in my direction. I’m not saying that by envisioning yourself being successful it will just happen. What I want to promote is an overall model of positive thinking and action combined to help propel your business and yourself in your desired direction. In challenging times it is important to remember all things are possible as we have the true power to create our own reality.
Brett Caviness is a REALTOR® in the resort community of Okoboji in North-West Iowa. Connect with him at www.BrettCavinessHomes.com.
By Jared James
All goals really have nothing to do with money or other things. Think about it. Are you really after a bunch of pieces of paper with dead people on them? No. Everyone of us is after a feeling whether it be power, security, influence or whatever. Take a moment and watch the video below and then reassess why do you want what you want?
PS. Do I look completely exhausted in this video? I literally flew in just before recording this after being on the road for almost 3 weeks. I promise to be more spruced up on my next vlog!
Jared James is the CEO and founder of Jared James Enterprises (JJE) and travels around North America speaking to and coaching REALTORS®. Connect with Jared at www.jaredjamestoday.com, on facebook.com/jaredjamestoday, or follow him on Twitter @jaredjamestoday.