Latest / The Real Estate Agent Playbook / Why "Hustle" Will Break Your Real Estate Business
Transcript
- 0:00I closed 52 transactions in a single year and honestly
- 0:03it almost broke me
- 0:04I was relying on pure hustle instead of sustainable leverage
- 0:07if you are working 70 hours a week just to keep your head above water
- 0:11please stop do yourself a favor
- 0:13today
- 0:14I'm breaking down the exact architectural mistakes that cost me years
- 0:17and thousands of dollars in lost commissions
- 0:20early in my career I'm going to show you the traps to avoid
- 0:24and the exact systems you need to put in place right now
- 0:27so you don't have to learn these lessons the hard way
- 0:34I'm Jeremy Kane with the Real Estate Agent Playbook
- 0:37if you are interested in learning more
- 0:39including personal coaching
- 0:40free coaching please book a Realtor game plan call below
- 0:43and I would love to help you
- 0:45avoid the things that I did early in my career
- 0:48so let's get into it the hustle trap
- 0:50why I left my teaching job making $26,000 a year
- 0:54I had a massive chip on my shoulder
- 0:56and I thought the only way to succeed in real estate was to grind
- 1:0024 7 that is the biggest lie in the industry
- 1:03hustle is a season it is not a business model
- 1:06if your entire business relies on you waking up at 4:00am
- 1:09and manually forcing every single deal across the finish line
- 1:13you don't own a business
- 1:14you own a highly stressful commission only job
- 1:17mistake No. 1 ignoring database infrastructure
- 1:20the first mistake that
- 1:21cost me hundreds of thousands of dollars over the years
- 1:24was treating my database like a digital Rolodex instead of an engine
- 1:28in fact I didn't even have one for parts of my career
- 1:31early on I was keeping deals in my head
- 1:34writing things on notepads
- 1:36and using a terrible CRM just because it was cheap
- 1:39I thought spending money on a high level system was a waste
- 1:42because it all was coming to me
- 1:44everything was going part of that was the market
- 1:46part of that was my overworking mentality
- 1:51the reality was I was dropping follow UPS with qualified buyers
- 1:55and losing past client referrals
- 1:56because I was invisible if you do not have an automated property tag
- 2:01CRM catching the leads that fall through the cracks
- 2:04you're literally setting your own money on fire
- 2:07mistake No. 2 the just checking in text
- 2:11mistake No. 2 was how I communicated with my sphere of influence
- 2:14I used to send a generic hey
- 2:16just checking in what's going on
- 2:18text message that's great
- 2:20it's a good touch point I was just checking a box right
- 2:23I was touching my sphere
- 2:24and the honest truth is when the Mark was great
- 2:26it worked it is weak
- 2:28it is annoying and it makes you sound like a desperate salesperson
- 2:32I replace that lazy text with two things
- 2:34first my annual property review system
- 2:37where I actually bring them real wealth building data
- 2:40and second
- 2:41and this is actually a little bit of sauce I got from my friend
- 2:44colleague Corey Williams
- 2:45who I'm actually having on the channel very soon
- 2:48is this gratitude voice memo
- 2:51using Voice memos
- 2:52this day and age is an absolutely amazing opportunity
- 2:56instead of using manual text or typing out a mass text
- 3:00you grab your phone and send a quick voice memo
- 3:02keeping it under 3 minutes
- 3:04the rule here is simple
- 3:05you just connect with absolutely zero call to action
- 3:09you do not ask for a referral
- 3:10you do not ask for business
- 3:11you just share a story of a good time you had together
- 3:14or bring up a specific memory from your transaction
- 3:17even if that is the only memory you have
- 3:19and you express genuine gratitude
- 3:21that goes a long way sounds like this
- 3:24hey John
- 3:25I drove past the coffee shop we sat at during your inspection today
- 3:28and it made me remember how crazy that negotiation was
- 3:31I just wanted to send a quick note
- 3:32to say how grateful I am for our relationship
- 3:35and for trusting me back then
- 3:37hope you and the family are doing great
- 3:40that's it they hear your voice
- 3:42you bring up a shared memory and you end it
- 3:44it's highly personable it removes all the sales pressure
- 3:49and it builds actual relational equity
- 3:51instead of just asking for a favor or offering a 10% discount
- 3:56hey it's time to blow out your sprinklers
- 3:58it's absolutely incredible and full transparency
- 4:03when I was doing this and growing
- 4:04I didn't use voice memos however
- 4:08that is what's working in today's market
- 4:10I would get more personal on a text or maybe a phone call
- 4:14but even then there was a little bit of awkwardness
- 4:17so give it a shot mistake No. 3
- 4:20thinking solo was the only way to go
- 4:22mistake No. 3 almost drove me out of the industry
- 4:25I thought being a solo agent meant I had to do everything by myself
- 4:28I was the marketer the transaction coordinator
- 4:31the videographer and the agent
- 4:33I didn't understand the power of leverage
- 4:35and I didn't understand how modern brokerage models could reward me
- 4:38for building a network I was capping my income based on
- 4:42how many hours I could physically stay awake
- 4:45you have to transition from a busy salesperson
- 4:47to being a strategic business operator
- 4:50so what was the fix
- 4:52you cannot scale chaos
- 4:54if you are doing five to 10 deals a year right now
- 4:58and you feel exhausted
- 4:59you will not survive 30 deals without infrastructure
- 5:02you need a CRM that works while you sleep
- 5:05you need a content machine system that runs on a system
- 5:08and you need a community of operators who are playing a bigger game
- 5:12if you want to bypass the years of mistakes I just talked about
- 5:15click the link in the description and let's have a conversation
- 5:19maybe it's joining Carbon Collective
- 5:21and getting all of my coaching for absolutely free
- 5:23or maybe we can just put together a coaching schedule
- 5:28where we go over exact frameworks
- 5:30scripts systems I use to scale
- 5:32but within your own business
- 5:35the last thing I ever do to any of my clients or my agents
- 5:39is push my business model on theirs
- 5:41they are separate people they drive a different business
- 5:44and that's why there is no such thing as competition in our industry
- 5:48it's all collaboration
- 5:50if you're ready to map out a customized strategy for your production
- 5:53and long term wealth click on the link below
- 5:56book a one on one game plan
- 5:57call with me
- 5:58and if you realize during this video that your database is a mess
- 6:01click the video right here
- 6:02to see exactly how I set up my CRM to handle 50+ deals a year
- 6:06without dropping a single ball we'll see you over there