Latest / The Real Estate Agent Playbook / If I Had 7 Closings and Wanted 30, I’d Do This
Transcript
- 0:00if I closed seven homes last year and I wanted to close 30
- 0:03I would not start by buying more leads
- 0:06I wouldn't change brokerages
- 0:07I wouldn't rebuild my website
- 0:09and I definitely wouldn't add six new things to my calendar
- 0:12because I suddenly decided
- 0:14this was the year I was going to get serious
- 0:16I'd start with seven because if you've already closed five
- 0:20seven maybe 10 transactions
- 0:22you've proven something important
- 0:24and if you've closed more and wanna do more
- 0:26the numbers don't really matter
- 0:27you can sell real estate
- 0:29you're not trying to figure out whether you can do the job
- 0:32we're trying to figure out how to take something that has happened
- 0:35somewhat inconsistently
- 0:37and turn it into a business that can produce results more predictably
- 0:41and I think
- 0:4230 transactions sounds a lot more intimidating than it actually is
- 0:46when you're doing seven deals
- 0:4830 feels like this enormous gap
- 0:5123 more transactions 23 more clients
- 0:5423 more people I somehow have to go find
- 0:58but that's not really how I want you to think about it
- 1:0130 closings is basically
- 1:02a business that can produce two or three closings a month
- 1:06with some consistency that's still work
- 1:08I'm not pretending it's easy
- 1:10but that's a much more manageable problem than sitting there
- 1:14wondering where 23 strangers are going to magically appear from
- 1:18so before I worry about the 30
- 1:19I want to understand the seven
- 1:21I want to go back through those transactions
- 1:23and figure out how they actually found me
- 1:27maybe several came from relationships
- 1:29maybe one was an internet lead you followed up with for 6 months
- 1:33and maybe a listing created another opportunity
- 1:36maybe somebody had been watching your content for a long time
- 1:39sometimes years and finally decided to hit that call to action
- 1:43maybe one was just completely random
- 1:46I'm looking for patterns because before I build more business
- 1:49I want to understand the business that's already finding me
- 1:52if four of your seven deals came from people who already knew you
- 1:57that matters if a particular lead source produced three of them
- 2:00that really does matter if every time you go to a listing
- 2:05it seems to create another conversation or another client
- 2:08that matters too and if you look at all seven and realize
- 2:11you honestly couldn't recreate any of them on purpose
- 2:15that's also useful it doesn't mean you're a bad real estate agent
- 2:19it means you probably haven't built the machine yet
- 2:22but while we're looking at those seven
- 2:24there's something else I really don't want you to overlook
- 2:27those aren't just seven commission checks
- 2:29those are seven pieces of proof
- 2:32seven people trusted you enough to hire you
- 2:35went through the entire process with you
- 2:37and assuming you did a great job
- 2:39can now help the next person understand
- 2:42what it's actually like to work with you
- 2:45so yes I want the reviews
- 2:47I want the testimonials
- 2:48I want to use the stories from those transactions for your marketing
- 2:53not something generic saying another happy client
- 2:57tell me what happened
- 2:58what was the problem you helped somebody else solve
- 3:01what were they worried about
- 3:02what did you have to navigate
- 3:04and what was the difference at the end because you were involved
- 3:08that's the proof and it matters
- 3:10when the next person is trying to decide whether they trust you
- 3:14but I also don't want those relationships disappearing
- 3:16the minute the closing happens
- 3:18this is where something like the annual review becomes important to me
- 3:21check out my video on this channel about annual reviews
- 3:25and take it and make it your own
- 3:27the basic idea is that I want a reason to continue being useful
- 3:31after the transaction
- 3:32maybe we sit down a year later and look at what has changed
- 3:35their equity might be different
- 3:37their mortgage situation could have changed
- 3:40maybe their plans changed
- 3:41maybe the house doesn't fit the family
- 3:44the way it did when they bought it
- 3:46maybe an investment opportunity now makes a ton of sense
- 3:50and maybe the smartest recommendation
- 3:52is that they do absolutely nothing
- 3:54and that's okay and I'm not doing an annual review
- 3:57so I can discuss or disguise a referral
- 4:00ask as a client meeting
- 4:01I'm doing it because I want to keep being their real estate advisor
- 4:05after I've been paid and over time
- 4:07those relationships can absolutely become part of the path
- 4:10from 7 to 31 person refers
- 4:12a coworker someone else becomes an investor
- 4:15another client moves again
- 4:16a testimonial helps convert somebody who's been watching your videos
- 4:20I'm not telling you seven clients automatically become 30 transactions
- 4:25I'm saying don't act like you're starting from zero when you're all
- 4:28you've already earned
- 4:29seven relationships and seven pieces of evidence that you can do this
- 4:33use what you've built and then we look at the rest of the business
- 4:36because this is where two agents who both close seven homes last year
- 4:40might need completely different plans
- 4:42one of them might be fantastic
- 4:44when they actually get in front of somebody
- 4:46they just aren't creating enough conversations
- 4:48another agent might be talking to the same people all day long
- 4:52but almost nobody agrees to meet with them
- 4:54another might get plenty of appointments
- 4:56but struggles to convert those meetings into clients
- 4:59and somebody else might sign clients just fine
- 5:01but their follow up is so inconsistent
- 5:03that half of the opportunities disappear
- 5:05somewhere in the middle those are completely different businesses
- 5:09that's why when an agent tells me I need more business
- 5:12my answer is usually okay
- 5:13from where
- 5:14because giving an agent more leads when the real problem is conversion
- 5:18isn't growth you're just pouring more opportunity into the same leak
- 5:23and now the leak gets more expensive
- 5:26this is where the numbers become really
- 5:28really important
- 5:29not because I want you living inside the giant spreadsheet
- 5:33comparing yourself to whatever conversion rate
- 5:36somebody else on YouTube told you
- 5:37you were supposed to have
- 5:39I care about your numbers
- 5:40there's really one place in this video where I want you thinking
- 5:43like a scoreboard at the end of the week
- 5:46I want to know how many meaningful real estate conversations happened
- 5:50how many appointments came from those conversations
- 5:53how many people committed to working with you
- 5:55what's going under contract and what's actually closing
- 5:58that's it because once we watch that for a little while
- 6:02the business starts telling us what it needs
- 6:04if conversations are low we know where to work
- 6:07if conversations are happening but appointments aren't
- 6:10that's different if appointments are strong and nobody is hiring you
- 6:14that's different again
- 6:15now we're diagnosing instead of guessing
- 6:18and that's really important
- 6:19because agents have this tendency when business slows down
- 6:22to change everything all at once
- 6:24a new lead source a new CRM
- 6:26a new script a new social strategy
- 6:28a new brokerage a new morning routine
- 6:30three weeks later we're exhausted
- 6:32we've spent a bunch of money
- 6:33and we still don't actually
- 6:35know what is wrong with the original business
- 6:37I would rather identify one meaningful leak and work on that
- 6:41the other thing I would look for is
- 6:43the part of your business
- 6:44that's already giving us signs that it wants to grow
- 6:47if relationships are clearly working for you
- 6:49let's get more intentional about relationships
- 6:51maybe that's the annual review
- 6:53a better database communication
- 6:55client events stronger referral conversations
- 6:57or simply doing a better job using proof
- 7:00these clients have already given us
- 7:02but that's one path maybe your opportunity is listings
- 7:06if every listing you take tends to create other business
- 7:09I want you to lean into that
- 7:11service the sellers incredibly well
- 7:12but also recognize that the listing gives you something to talk about
- 7:16it creates content it creates buyer conversations
- 7:19it creates conversations with neighbors
- 7:21it creates another visible example of what you're doing
- 7:24maybe content is already opening doors for you
- 7:27great then
- 7:28I don't want content to be something you do
- 7:30when you happen to feel creative on Tuesday afternoons
- 7:33I wanna build a real system around it
- 7:35so the attention connects the conversation
- 7:38and those conversations connect back to the business
- 7:41or maybe there's genuinely not enough opportunity yet
- 7:45that's possible too then yes
- 7:46we need to create more maybe that's prospecting
- 7:49maybe it's open houses maybe it's content
- 7:52maybe it's relationships maybe it's listings
- 7:54maybe there's a lead source
- 7:56that actually makes sense for your business
- 7:58but here's the deal I'm not anti Lee generation
- 8:01I'm anti using Lee generation as the answer to every problem
- 8:05because the goal isn't to do everything
- 8:07the goal is to figure out what is working
- 8:10what isn't working and what needs to become replicable
- 8:13I would rather see you build one engine you can actually operate
- 8:17than 5 strategies you touch occasionally
- 8:20and then eventually whatever the engine is
- 8:22it has to find the way onto your calendar
- 8:25I built an entire course on this
- 8:27that's the part that people skip
- 8:29I want more referrals sounds great
- 8:31but eventually there has to be some regular behavior
- 8:34that keeps you connected to people
- 8:36I want more listings eventually has to translate into conversations
- 8:41I want my content to grow
- 8:42my business eventually has to become an actual publishing rhythm
- 8:46instead of something you squeeze in when everything else is done
- 8:50because a goal without a weekly behavior
- 8:52is basically something you're hoping happens
- 8:55and I don't want you hoping your way from seven transactions to 30
- 9:00I want you to know what you're supposed to do this week
- 9:02that's one of the biggest differences between an agent
- 9:05who is constantly wondering where the next deal is coming from
- 9:08and an agent who is starting to build a real business
- 9:11the second agent still has bad weeks
- 9:13deals still fall apart listings still sit
- 9:16people still ghost them we're in real estate
- 9:19that's not going away but they have something to return to
- 9:22they can look at the business and say okay
- 9:25this is where we're strong
- 9:26this is where we're weak this is what we're working on
- 9:29that's also what we're seeing all the time
- 9:31when we're working with agents
- 9:33someone comes in convinced they need more leads and sometimes they do
- 9:37but sometimes we start looking at it in the business and realize
- 9:41there's already opportunity everywhere
- 9:43there are people sitting in the CRM who haven't heard from agents past
- 9:48clients disappeared after closing
- 9:50old leads were never really worked
- 9:51appointments are happening
- 9:53but they're not converting
- 9:55a list is creating attention
- 9:57but nobody is doing anything with that attention
- 9:59and let's be real some people have never logged into a CRM
- 10:03and been able to manage it on the phone
- 10:05but as listings stack up and more conversations are happening
- 10:08they find that gap is pretty obvious
- 10:11that they need to get something on paper
- 10:13and automate some sort of process
- 10:15whether that's just the task and the people you need to reach out to
- 10:19that's done inside every single CRM on the planet
- 10:22in those cases
- 10:23I don't want to immediately go find another 500 strangers
- 10:27I wanna get better at the opportunity
- 10:29that's already sitting in front of us
- 10:31then if we look at the numbers and determine the business truly
- 10:34does need more opportunity
- 10:36great now we go and we solve the problem right
- 10:40and the distinction matters
- 10:41because this is actually where I think confidence starts coming back
- 10:45when you're doing seven transactions and everything feels random
- 10:48every month starts at zero
- 10:50you're consistently wondering where the next client is coming from
- 10:55but once you understand how your business works
- 10:58that starts to change you know what you're supposed to do today
- 11:01you know what is producing results
- 11:03you know where you're losing people
- 11:05and you know you're trying to improve
- 11:07predictability creates confidence
- 11:09it doesn't mean I can promise exactly which two or three
- 11:12people are going to close the next month
- 11:14it means we're building a business
- 11:16that gives you enough evidence to know
- 11:19we're moving in the right direction
- 11:20and if this video give you a little bit more
- 11:23then just go activate your sphere or you need to make more calls
- 11:27and you want to see how it actually works
- 11:29through these businesses with agents
- 11:31I am offering two weeks of free coaching
- 11:34comment pass below you can see what's happening inside of our group
- 11:38we can coach you we can help you
- 11:41and you can see
- 11:42all you have to do is comment pass and you can check it out
- 11:45I don't care what your plans are
- 11:47what brokerage you're at anything
- 11:49I care about your success and I want to help you
- 11:51so come to the coaching listen to the conversations
- 11:54bring your numbers
- 11:55bring the part of your business that's frustrating you right now
- 11:58and see how we actually work through it
- 12:00not just me
- 12:01it's a group of coaches that I'm offering to you for absolutely free
- 12:05for two weeks I'm not asking you to take my word for it
- 12:08come see the room because once you go through this process
- 12:12there's a pretty good chance
- 12:13you're going to discover something
- 12:15that might be a little uncomfortable
- 12:17you may not actually need more leads
- 12:19and if the business you have right now is already leaking opportunity
- 12:23pouring even more leads into what might actually be the problem
- 12:27and making it worse that's exactly where we're going next
- 12:31why more leads won't fix your real estate business
- 12:34and what I think you should fix before you spend another dollar
- 12:37trying to get it so subscribe below
- 12:39check out the next video
- 12:40I drop them every single Friday and we can have conversations
- 12:44but if you're interested in that free coaching
- 12:47comment pass and let's see what we can do in 2 weeks time
- 12:51it's happened I've seen it
- 12:53I've seen agents crush
- 12:54I've seen agents completely change their mindset over one call
- 12:58and everything changes so that could be you if you want it to be you
- 13:03comment pass we'll see you next time