Latest / The Real Estate Agent Playbook / The Truth About Goals: What Real Estate Coaches Don’t Tell You
Transcript
- 0:00every real estate agent hears it every year
- 0:02especially now with all the coaches
- 0:04every real estate agent who's ever sold the house
- 0:07seems to be a coach all of the brokerages
- 0:10the team leads and everything
- 0:12we have to set goals we have to business plan
- 0:14I'm here to tell you one thing you can do differently
- 0:18instead of having those goals right in front of you
- 0:20pasted so you can absolutely have a successful year
- 0:25in the year to come this is something that
- 0:27I have taken from a good buddy of mine
- 0:30and I wanna bring it to you
- 0:31my audience uh
- 0:33to help you understand that
- 0:34this one shift in mindset can change your entire life
- 0:38forever stay tuned
- 0:45what's up guys Jeremy Kane Real Estate Agent Playbook
- 0:47helping you win every single day
- 0:49at the game of real estate
- 0:50we are now on the podcast
- 0:51so if you hear this and it's something you like
- 0:53please share it with your favorite real estate agent
- 0:56if you're watching on YouTube
- 0:57please make sure you smash that like button
- 1:00hit the subscribe in the notification bell
- 1:02if it sounds like something you want to come back to
- 1:04we focus solely on organically generation um
- 1:08and everything that has to do with my entire business
- 1:12the brokerage that I am at
- 1:13and my organization that I lead
- 1:15over 125 agents at the current time
- 1:18so if you're interested in all that
- 1:20do all those things but let's get right into it
- 1:22so as things have developed in this career
- 1:24and real estate has you know
- 1:26definitely become an entrepreneurial journey and we've
- 1:29we've definitely had all the personal development
- 1:32with the launch of YouTube and podcasts
- 1:34and all the things and
- 1:35all the personal development that is at our fingertips
- 1:38this is one thing that seems to you know
- 1:42really relate to real estate agents right
- 1:44as as we grow our businesses
- 1:46and as we have
- 1:47the ability to make a really good living
- 1:49this is something that I've you know
- 1:51come across and just want to first put out there
- 1:55your net worth is not your worth
- 1:58and this is something that I see all the time
- 2:00I see coaches and agents and you know
- 2:04the biggest red flag you can have is
- 2:06if an agent leads a conversation with how much GCI
- 2:10they made right
- 2:12the truth is that the reason that they do that is
- 2:15is probably because they're hiding something because
- 2:18you know obviously we talk transactions we talk volume
- 2:21first of all
- 2:22people shouldn't be leading with that right
- 2:24in the coaching space credibility definitely matters
- 2:27but if they lead with GCI
- 2:28it's really hard to track where that really came from
- 2:31right how many transactions
- 2:32how much this
- 2:33so it's impossible almost to reverse engineer
- 2:36unless you go look them up on the MLS
- 2:39or look them up on homes
- 2:40com or whatever that looks like but the bottom line is
- 2:43and that even those people that lead with that
- 2:46currently need to hear is
- 2:47your net worth
- 2:49has nothing to do with your worth to society
- 2:53and where that goes so in thinking about this
- 2:56I mean like
- 2:57where are we going here um
- 2:58this is exactly where we start
- 3:01so much of our goal setting
- 3:03we wanna make this amount of money
- 3:05we wanna do this and then we say okay
- 3:06if I'm gonna make this amount of money
- 3:07I have to do XYZ these transactions
- 3:10we reverse engineering this is a very common practice
- 3:13and probably practice in 95% of those goal setting
- 3:16business planning sessions that were referring to
- 3:19so
- 3:19this is absolutely something we need to keep an eye on
- 3:22but understand that this part is a complete shift
- 3:26in what we're going to however
- 3:28I know that probably at the time of watching this video
- 3:30you have your goals you have them set
- 3:32we're ready to go
- 3:33because we're towards the end of the year
- 3:35if that's the case
- 3:35I don't want you to crumble them up and throw them away
- 3:37so hold tight and so here's the deal
- 3:40the problem with those goals in real estate is
- 3:43they are usually you know
- 3:44annual goals
- 3:45and we've talked a lot about setting 12 week goals
- 3:48and all those things well
- 3:49in real estate with our you know
- 3:52transaction cycle
- 3:53it's a little bit harder to get those goals right
- 3:57because truthfully we are going to the
- 4:01actions we put in today
- 4:02with prospecting and lead generation
- 4:03and whatever are probably gonna show their face
- 4:07at least 30 to 90 days out right
- 4:10you'll start to see some momentum
- 4:11so that's the first thing secondly
- 4:14if we're sitting here and we're making a 12 week goal
- 4:16the truth is I probably have at least 45 days of
- 4:20those closing scheduled out
- 4:22now granted you know
- 4:23lenders can move quicker and we can put stuff in there
- 4:26but for sitting at a point in time January 1st
- 4:30right and I'm saying okay
- 4:31this quarter quarter one of 2025
- 4:34or whatever year you're watching this
- 4:36I wanna make $100,000 in GCI right
- 4:40if that's the case I and I'm like
- 4:42okay ready go
- 4:43I've already basically put myself out to February 15th
- 4:48ish right
- 4:50and then I only have 45 days left of the quarter
- 4:52with February March
- 4:54and so that's the thing like
- 4:56are we setting the goals based on that
- 4:59and out how we go right
- 5:00that's the first part
- 5:02but the second part is we have these bigger goals
- 5:04we have you know
- 5:06seasons in real estate hot markets
- 5:08buying markets whatever
- 5:09as we go through the year
- 5:10based on your geography and where you're at
- 5:14and if we're doing this
- 5:16we sometimes set these big goals
- 5:18and sometimes we come out of the gate
- 5:20and we just don't get it right
- 5:21partially because we started Day 1 and we're like
- 5:24okay let's go and we get a running start and you know
- 5:26if you're maintaining consistency and momentum
- 5:30hopefully your income goes like this on a yearly basis
- 5:33well
- 5:33the truth is that if we're always chasing that dollar
- 5:37that's on our board that's our goal
- 5:40we absolutely
- 5:41will have a tendency to refresh that and change it
- 5:45and chop and change and do it
- 5:46and make it comfortable for us
- 5:48so we can do you know what it is
- 5:50cause a lot of times when goal setting
- 5:52business planning were fired up
- 5:53we wanna set these high goals and then come quarter 1
- 5:56we're looking at it and we're like
- 5:58oh man that means I have to you know
- 6:00do double what I did last quarter
- 6:02every single quarter or triple or whatever that is
- 6:05or maybe quarter 1
- 6:06I I put up a goose egg and here I am right
- 6:09and that's the problem
- 6:10because then that goal becomes further and further
- 6:13as a distant piece and while it is measurable as we
- 6:17we kind of quote the smart goals
- 6:19it is measurable by a way where you're like
- 6:21I I'm not gonna be able to get that no way
- 6:25and so as we kind of do that
- 6:26then that goal becomes less incentivizing
- 6:29that goal becomes less motivating for us
- 6:32naturally as humans
- 6:33I don't care who you say you are what you've done
- 6:35like
- 6:36if that goal becomes further and further out of reach
- 6:39we kind of just look the other way or we take it down
- 6:41or we change it right
- 6:42we lower it or whatever it is
- 6:44and that's not what we wanna do
- 6:45that's not what we set out to plan in the first part
- 6:48so as we go here
- 6:51if we can take those goals and shift to a standard
- 6:55right you say
- 6:56well standards
- 6:56how are they measurable well
- 6:58here's the deal I want to take those goals
- 7:01and I want you to think for 30 minutes
- 7:04after you watch this video
- 7:05and this is 100% from my good buddy Louie Galt um
- 7:09and if you're vibing with this
- 7:10check out his new course predictable production
- 7:12you can follow him on Instagram at Louie Galt
- 7:15but if you look at it and you're like okay
- 7:18if I meet all of these standards
- 7:20four or five standards that I can meet right
- 7:23maybe it's get up and you know
- 7:25work out be done with my morning routine
- 7:27everything by 6 a m
- 7:28this is my morning routine
- 7:30that's a standard right
- 7:32morning you know
- 7:33morning routine done by 6 a
- 7:34m or 7 a
- 7:35m or whatever it is
- 7:36you meet that standard 365 days in a row
- 7:39will you be closer to your other goal
- 7:41your goals that you set right
- 7:43and then maybe it's okay we're gonna do you know
- 7:46a lot of people have time blocking
- 7:48we've done this you know
- 7:50project in our in our group
- 7:52in our live Mastermind Zoom calls that we offer
- 7:54to people for absolutely free in our group
- 7:57and it's like okay
- 7:58we're gonna timeblock this
- 7:59I'm gonna follow my timeblocks
- 8:00I'm actually gonna do the prospecting power hour
- 8:03whatever it is I'm gonna do power hour five
- 8:05just five of seven days a week
- 8:07or four of seven or seven of seven
- 8:09whatever that standard is you set
- 8:10that standard isn't measurable right
- 8:12I'm going to put my phone away after six thirty PM
- 8:16right so with that standard
- 8:18we have to set expectations with our clients
- 8:21and why are we going to do that
- 8:22so that we can have intentional time with our families
- 8:24and those kind of things so as you can see
- 8:26these standards are there right
- 8:28at the end of every single day
- 8:30or the beginning of the next day
- 8:32I like it at the end of the day
- 8:33look back did I meet all five of those standards
- 8:37and I promise you
- 8:37if you take the time to match the goals to
- 8:40the standards you will absolutely crush those goals
- 8:45but you're focused on the standard
- 8:47you're measuring by the standard
- 8:48if you measure it day in day out and prove it
- 8:51don't change the standard
- 8:52don't veer from the standard
- 8:53like Ben Moot Newman the standard is his thing right
- 8:56if we can do that
- 8:58we are absolutely going to crush the goals that we have
- 9:02so take some time
- 9:03attach standards to the goals you've already set
- 9:06as we head into the New Years
- 9:07we have the holiday whatever
- 9:09you know whenever you're watching this
- 9:10even if it's not January 1st right
- 9:12cause that's not a magical day of threshold
- 9:15where all the sudden
- 9:16the New Year's here and everything goes
- 9:18we use it as you know
- 9:20a mental block to be honest with you
- 9:22so set those standards attach them over your goals
- 9:26paste them over your goals
- 9:27and you will absolutely
- 9:29see a difference in your goal planning
- 9:31as we move forward
- 9:33but I would like to leave you with this one quote
- 9:36that I'm reading from the infinite game
- 9:38and I'm gonna read it and we'll go from there
- 9:40so here's the quote that I'm gonna leave you with
- 9:42from the infinite game as for us
- 9:45those who choose to embrace the infinite mindset
- 9:47our journey is one that will lead us to feel inspired
- 9:50every morning safe when we are at work
- 9:52and fulfilled at the end of each day
- 9:54and when it is our time to leave the game
- 9:56we will look back at our lives and our careers and say
- 9:59I lived a life worth living and more important
- 10:01when imagining what the future holds
- 10:04we will see
- 10:04how many people we've inspired to carry on the journey
- 10:07without us
- 10:08that is where we wanna get to with an infinite mindset
- 10:13with a standard set each and every day
- 10:16certainly we can do the business planning
- 10:17we can set the goals we can have them
- 10:19but we need to shift them from the
- 10:22you know financial
- 10:24you know goals that were setting and all the things
- 10:26especially in real estate
- 10:27because a lot of variables come into play in real
- 10:30estate right
- 10:31and time is one of those
- 10:33if you sell 502,000 and your goal was to make 505,000
- 10:39right you're pretty happy okay
- 10:42but if you sell 250,000
- 10:46and your 500,000 goal was out there
- 10:49the truth is
- 10:50your standards weren't where they needed to be
- 10:52you aren't doing the activities that need
- 10:54to get to those goals so work on those standards
- 10:57work on setting them place them right over those goals
- 11:00keep both pieces of paper
- 11:02place a standard right over it
- 11:03and you will absolutely crush the New Year
- 11:05so I hope that helped please like comment subscribe
- 11:08share this with somebody that needs to see it
- 11:10and again special thanks to my good friend Louie Galt
- 11:12go follow him on Instagram
- 11:14YouTube all the things
- 11:15and he does have a new course called
- 11:16Predictable Production for Real Estate Agents
- 11:18is absolutely amazing so we'll see you next time
- 11:21bye bye