Latest / The Real Estate Agent Playbook / Struggling to Find Your Momentum? Let’s Fix That
Transcript
- 0:00feeling a little off your game
- 0:01feeling like the pipeline is filling up
- 0:03and you're going to be so busy
- 0:05but maybe it's just not coming right now
- 0:07or feeling overwhelmed
- 0:08just getting ready and planning this for you
- 0:11agents is something that I'm hearing
- 0:14from agents across the country
- 0:15and I want to dive into all of this and more next
- 0:23what's up guys
- 0:23I'm Jeremy Kane with Real Estate Agent Playbook
- 0:26want to really dive into this one while you're here
- 0:28like comment subscribe
- 0:29but let's share this podcast out
- 0:31and let's reach out and help agents
- 0:34all across the country
- 0:35kind of get into this newer market that we're feeling
- 0:39so first and foremost
- 0:41we have the real estate cycle that we are in right
- 0:45the
- 0:45the economy seems like it's doing a little bit better
- 0:48the you know
- 0:50market hopefully is picking up
- 0:52we thought that the rates were going to be going low
- 0:54the Fed was cutting the rates and all the things
- 0:56and now we're here
- 0:58and we just have a lot of people getting prepared
- 1:01questioning um
- 1:03a lot of people that are
- 1:04maybe bought in the last two or three years
- 1:06that are kind of up against a gun
- 1:07waiting for that perfect time
- 1:09all of the things and as an agent
- 1:11who's used to seeing their name on the leaderboard
- 1:13and things like that
- 1:14sometimes this can get pretty rough
- 1:16and I was coaching a client today
- 1:20and she was just talking about how
- 1:23you know she had had an event in her life
- 1:26a health event and
- 1:28you know she's just a little bit off
- 1:29she's not herself and all the things
- 1:31and I had to kind of walk it back and figure out
- 1:34why do we do this right
- 1:36why are we in this business
- 1:38what do we need to you know
- 1:40survive and maintain our lifestyle
- 1:42and what do we usually want to do and be as agents
- 1:47this is kind of a cross the board answer
- 1:49it's not the same for any of my agents
- 1:51I coach any of the agents in my organization
- 1:53but as we kind of see these changing markets
- 1:56and things are changing and
- 1:58you know clients are kind of in rough spots
- 2:00or waiting for interest rates
- 2:02or whatever they're doing
- 2:03as agents
- 2:05that is our livelihood right
- 2:06we need to have those relationships
- 2:09and those transactions occur
- 2:11so that we can put food on our table
- 2:12so sometimes this elevates our stress level
- 2:16and I was able to
- 2:17kind of talk to this agent and walk it back
- 2:20and say okay
- 2:21what do you actually have in your pipeline
- 2:24well it was 14 listings
- 2:25it was this it was that
- 2:27it was a lot of things that she had had
- 2:29and it turned out that her
- 2:32exact minimum of homes that she needed to sell to
- 2:37you know live her lifestyle
- 2:39and do the things she needed to do with her
- 2:40family was almost the exact number of of
- 2:44you know
- 2:45true clients in her pipeline for this year right
- 2:49so I think it was 25 you know
- 2:51people that she you know
- 2:53kind of named off she has some investors
- 2:54she has some other things and it was 24
- 2:58she wanted to do two a month
- 2:59to maintain the lifestyle and do what she had to do
- 3:02bare minimum and so I think a lot of times as agents
- 3:06we get so focused on the names
- 3:09on the billboards
- 3:09and being on the leaderboards and all of the things
- 3:12because all of the brokerages
- 3:13have created those leaderboards
- 3:15but the truth is
- 3:16sometimes we have to dig down deep inside
- 3:18and what's better for us right
- 3:20what's better for for her in her current situation
- 3:24is to focus on the minimum right
- 3:28what do you need to do to make it happen
- 3:30and I'm not saying that you shouldn't go for the goals
- 3:32and do all the things but at some point
- 3:35we have to realize that we got in this business
- 3:37to provide for our family
- 3:39or provide a certain lifestyle that we want to live
- 3:41or whatever it was
- 3:43it wasn't to be the very best you know
- 3:45the highest selling agent it you know
- 3:48maybe it was to impact
- 3:50the other families that you serve
- 3:52and that's okay
- 3:53because to be at your very best when life changes when
- 3:55you know whatever happens
- 3:57your different seasons of life across the board
- 4:00we are only at our very best
- 4:03when we're able to not be in that hustle culture
- 4:06that grind culture
- 4:07that everyone kind of has talked about
- 4:09and it's been such a thing
- 4:10and if you're an entrepreneur
- 4:12and you're working 24 7 and doing all the things
- 4:15but does that really allow us to be our very best
- 4:18and does that really allow us to perform
- 4:19at our very best and so
- 4:21I really encourage a lot of people
- 4:23as we go through this season right
- 4:25because the coaching client was one thing
- 4:28but what happens when we you know
- 4:31have a market shift right
- 4:33and all of a sudden people are like well
- 4:35you know I need to list my home at the perfect time
- 4:38and his agents were like okay well
- 4:40you know the perfect time is actually you know
- 4:43mid March to mid April to list in our market
- 4:46traditionally
- 4:48but all of the other things come into play right
- 4:51and what is what is our situation and how's that
- 4:55you know affect what we say in that moment
- 4:58hopefully you're at a point where you're stabilized
- 5:00and all the things and if you haven't
- 5:02that's okay too but that's gonna dictate right
- 5:06if you can't put food on your you know
- 5:08family's table and they say
- 5:10what's the best time to list well
- 5:11as soon as possible so I can get that done right
- 5:13that's or you say what you should say and say well
- 5:17you know
- 5:18traditionally this is what the stats say in March
- 5:21well
- 5:21that's saying you're not gonna have a paycheck for XYZ
- 5:24and so we have to continue to be in the mix
- 5:28and be in the fold with other things that are going on
- 5:31if we are this tight and when the market does shift
- 5:35and with the higher interest rates right
- 5:37cause let's be real the last three to five years
- 5:39we've been able to pretty much just go outside
- 5:42walk outside our door interact with a few people
- 5:44and I could peg a few people that could buy a home
- 5:48right now right here right
- 5:50because the interest rates were low
- 5:52everyone qualified everyone kind of was was in it
- 5:54and now that interest rates are higher
- 5:56that's just not the case and so as we kind of you know
- 6:00continue to think about this
- 6:02we need to do a couple things first and foremost
- 6:05we need to make sure that we're not comparing
- 6:07our situation our Chapter 1
- 6:08our Chapter 5 to someone else's Chapter 20
- 6:11or vice versa right
- 6:13the leaderboard should not be a piece of this right
- 6:17granted if you
- 6:18you wanna excel up there
- 6:19and you wanna be the top producer
- 6:20I totally get it but this is a different market right
- 6:25I can't compare my business from 2021
- 6:28to my business now because first and foremost
- 6:31it was a completely different market
- 6:33it was chaos and interest
- 6:34rates were low
- 6:35but also I didn't have as many past clients
- 6:37and I didn't have as big of a sphere
- 6:39at that time that I'm now working
- 6:41so I want to
- 6:44make sure that I'm identifying what exactly
- 6:46I need to do as an agent to push forward
- 6:49to make this happen and sometimes that is
- 6:52you know talking to another agent
- 6:53talking to somebody else about this
- 6:56and really setting it up because if I can say okay
- 6:59this is what I need to maintain my lifestyle
- 7:01this is what I need to do
- 7:03and these are the actions that I need to take right
- 7:06minimal actions to get to that point
- 7:09then you look at that and say okay
- 7:11this is my non negotiables
- 7:12and this is one extra thing I wanna add
- 7:14or this is one path I wanna go down to see if I can
- 7:17you know
- 7:18inch my way up that leaderboard or whatever it is
- 7:21but especially when you have
- 7:23you know the health or whatever it is
- 7:25if you just do this
- 7:27and you meet that goal that you need to do to sustain
- 7:33then we're okay right
- 7:34then we're winning it doesn't matter if you're first
- 7:36or a hundredth on the leaderboard
- 7:38if you do what's in your box and you take care of that
- 7:42you can absolutely do that
- 7:44so I want you to take a second to realign okay
- 7:48things are changing you know
- 7:49we had a new administration
- 7:51everything was gonna be great now
- 7:52you know inflation's coming back
- 7:54and the interest rates are going up
- 7:55and they're not doing what
- 7:56you know everybody promised
- 7:58state the rate crap right
- 8:00and so those are all things that affect us
- 8:03we can't control the market
- 8:04we can just control our outputs
- 8:06so I want everyone to really sit back and say okay
- 8:09here we go I've had a rough couple rough years
- 8:11but this is what I need to do
- 8:12this is the minimum
- 8:13these are the actions that will get me there
- 8:16do that if you need help with that
- 8:18I have a course exactly built to help you with that
- 8:21right then I want you to okay
- 8:24okay let's talk about this
- 8:26we need to have these conversations and we need to
- 8:29instead of having as many conversations
- 8:31we need to be more intentional right
- 8:32where are we having these conversations
- 8:34what is our client focus what is our client Avatar
- 8:37where are those people that we
- 8:39you know are so fulfilled when we help them
- 8:42where's that ideal client live
- 8:45breathe do the thing
- 8:46hang out that's where we wanna be
- 8:48we wanna have more intentional conversations
- 8:50with those people verse
- 8:53you know
- 8:54just having as many conversations as we possibly can
- 8:57and that works for some people
- 8:58but if we can get more you know
- 9:00kind of quality over quantity
- 9:02because the quantity
- 9:03at large is probably not going to be as approvable
- 9:06as they were five years ago
- 9:08when the interest rates were very low
- 9:10so that's huge
- 9:11and then we want to take this to an area
- 9:14where we can stop reacting and start planning right
- 9:18if that means getting some you know
- 9:20a financial system that you can use as a commission
- 9:23based agent right
- 9:25I've heard you know
- 9:26agents talking about you know
- 9:28going to these different brokerages
- 9:30and these different models and things
- 9:32not necessarily from where I'm at
- 9:33because the income streams are so
- 9:35you know amazing if you build them
- 9:36you have so many options when you're with us
- 9:38of the wolf pack but you know
- 9:40really going to these places where
- 9:43maybe you're gonna get leads
- 9:44but you're gonna give away
- 9:45you know 75% of your commission and all those things
- 9:48and so the truth is is
- 9:50do you really wanna work
- 9:53the same amount or more for less pay right
- 9:57last I checked that's not really what we're doing
- 9:59and if you can kind of develop these systems
- 10:02and stop reacting and start planning
- 10:04and really understanding dialing in
- 10:05exactly how you're gonna get from point a to point d
- 10:09which is your goal this year
- 10:11versus I have to go from point a to point Z
- 10:14and I have no idea how to get there
- 10:15if you can piece it down you can make those plans
- 10:18then you're able to make more of the long game right
- 10:21you're able to really focus on the long game
- 10:23what's that look like how long can you do what you do
- 10:27and be yourself to your clients
- 10:29and serve them at the highest level
- 10:30is a question that I ask agents a lot
- 10:33and often times agents are like
- 10:35well I'm this old I got you know
- 10:37maybe five years left well to maintain that lifestyle
- 10:41how's that retirement look
- 10:42how's that long term game look
- 10:45is is a huge question and something that we need to do
- 10:48so all I want you to do if you're feeling stuck
- 10:51if you I said something that resonated with you
- 10:54please book a free game plan
- 10:56call with me in the link below
- 10:58no obligation
- 10:59we're not going to talk about anything else
- 11:01besides what you need to get in that momentum
- 11:04get organized
- 11:05and feel confident that you're going to be okay
- 11:09and continue to push forward
- 11:10because I'm sick of seeing
- 11:12you know what's your real estate side hustle
- 11:14what are you doing to supplement
- 11:15the market's tough
- 11:16the market's this the market's not ready yet
- 11:18I'm gonna be super busy in June
- 11:21those are the things that we can kind of control
- 11:23and we can spur those on
- 11:24I have a ton of strategies that you can use right away
- 11:27and implement that I will help you
- 11:29along with that real estate game plan call
- 11:31so definitely book that below um
- 11:33I hope this helped stay with it
- 11:36you're okay pair down your
- 11:39you know your plan and be more planful versus reactive
- 11:44there's so many things that we can do
- 11:46and so many things that
- 11:47that will improve our real estate business
- 11:49if we do that right out of the gate
- 11:51so hope you have a good one
- 11:53like comment subscribe
- 11:54we'll see you on the next one