Latest / The Real Estate Agent Playbook / Feeling Stuck? 5 Ways to Stay in the Game
Transcript
- 0:00are you feeling like the market is crashing around you
- 0:03feels like it's dead feels like it's slow
- 0:05wondering when it's time to maybe have another career
- 0:09or maybe get a side hustle
- 0:10well the truth is you're not really alone
- 0:13as the market has shifted
- 0:14as we have all this economic pressure
- 0:16and all the stuff that is going on
- 0:19the real estate market has certainly been affected
- 0:20and I coach and talk to and train
- 0:23and collaborate with agents all across the country
- 0:27the truth is that no market is exactly the same
- 0:30but no market is you know
- 0:32popping hot easy in any stretch of the imagination
- 0:36so we're gonna give you five things to maybe help you
- 0:39understand that
- 0:40it's not just you and hopefully to get you unstuck
- 0:43so stay
- 0:48what's up guys Jeremy Kane
- 0:49real estate agent Playbook
- 0:51proud member of the Wolf Pack at EXP Realty
- 0:54coaching agents
- 0:55and helping agents build their business organically
- 0:58and ultimately get over some of the mindset stuff
- 1:01that comes into play as a coach myself
- 1:04for a long time at the high school basketball level
- 1:06uh I love doing this now
- 1:08I don't coach hoops I coach Realtors
- 1:10to do exactly
- 1:11what I taught the boys to do back in the basketball uh
- 1:15world and that's win games
- 1:16and win every single day at the game of real estate now
- 1:19so if you like what you hear
- 1:21please like comment
- 1:22subscribe but let's get rolling
- 1:23so no matter what market you're in
- 1:25it is absolutely a different world
- 1:29it's a different world than I've
- 1:31really ever seen in my eleven and a half year
- 1:33real estate career
- 1:34but one thing I've always been able to do
- 1:37is continue to stay in momentum
- 1:38and this is absolutely key
- 1:40when it comes to us getting on the other side of this
- 1:44stuck but how do we get out of the stuck right
- 1:48maybe it's okay maybe it is
- 1:49you're selling one or two houses a month and
- 1:52and things are coming in or maybe it's
- 1:54you know you
- 1:56you got that listing and it went over the weekend
- 1:58right away first time
- 1:59but you have these other ones that are hanging out
- 2:01I'll be completely honest
- 2:02I have four listings right now
- 2:03and it is absolutely a game changer
- 2:06and trying to market them
- 2:08get showings even to be scheduled
- 2:10let alone people to be interested to make offers
- 2:13so it's different market to market
- 2:16and we just have to meet our clients and help them
- 2:18and serve them and stay in communication
- 2:20but if you're feeling stuck
- 2:22just want you to know you're not alone right
- 2:25but here let's talk about this
- 2:27we must redefine our productivity right
- 2:30you don't have to write a contract
- 2:31every week to be productive
- 2:34the cool part about our business is
- 2:35there's kind of these phases right
- 2:38and and this is kind of goes back to you know
- 2:41you work so hard
- 2:42you work so hard you're legion you're prospecting
- 2:44you're doing all of that
- 2:45you get two clients under contract
- 2:47you shift
- 2:47100% of your focus to getting those contracts
- 2:50through to the finish line
- 2:51dealing with inspections
- 2:52dealing with appraisals negotiating scheduling
- 2:56closing all the things
- 2:58and then it's until that point when we actually close
- 3:01or at some point towards the end of that transaction
- 3:03we move our focus back to the you know
- 3:06prospecting yes
- 3:08there are different phases of our job first off
- 3:13connecting prospecting doing those things
- 3:15the contract piece
- 3:17and then managing those relationships
- 3:19long term is kind of as I see the
- 3:21the three main categories
- 3:23but you don't always have to be in one category
- 3:26or the other right
- 3:27and certainly we don't have to spend the same time
- 3:31in each of these categories
- 3:33depending on you know
- 3:34where our business is at however
- 3:36we should spend time in all of them if at all possible
- 3:39so what's that mean for instance
- 3:41if you are you know
- 3:43if you say don't have any houses under contract well
- 3:45we need to stay doing something right
- 3:47whether it's education a class online
- 3:50doing some role playing doing some practice stuff
- 3:52whatever your brokerage may or may not offer
- 3:55I know that we offer a ton of role playing
- 3:58and scripting and doing those things
- 4:00within our group the Wolf pack of the XP
- 4:02but I also know there's contracts
- 4:03classes every single week going
- 4:05through the contracts talking about the changes
- 4:07talking about you know
- 4:08different strategies and so on
- 4:10and so certainly make sure you're
- 4:12you're
- 4:13continuing to sharpen the iron in each one of these
- 4:16these segments and obviously
- 4:18if you don't have any contracts or clients
- 4:21we need to look at the prospecting piece right
- 4:23and that gets us into point No. 2
- 4:26but the prospecting piece is super important right
- 4:29and a lot of times
- 4:30it's just how many calls did you make
- 4:32how many doors did you knock
- 4:33how many posts did you make
- 4:35how many you know
- 4:36comments did you make in engagement on social media
- 4:39we focus on volume but that's not the number one thing
- 4:43that we need to be focusing on
- 4:45we need to be focusing on refining our behavior
- 4:48if we are having 100 conversations
- 4:50and not getting any conversions
- 4:52we shouldn't just go have 100 more conversations
- 4:54of the same way right
- 4:56so this is the time where you need to
- 4:59measure what gets managed right
- 5:00really track it track your activities
- 5:02track the conversations where are they coming from
- 5:04where did they go wrong
- 5:06why are they not converting into referral partners
- 5:08or connections
- 5:09or whatever you're trying to do when you're doing this
- 5:12so that's the first thing right
- 5:14and focus on the income producing activities
- 5:17but we need to have a sample set
- 5:19so what where
- 5:20and then you'll get one where did that that contractor
- 5:24that client come from right
- 5:26and what was it what was my
- 5:28my energy what
- 5:29where was I at what was I doing
- 5:31and kind of start to build on that
- 5:33I think a lot of times in this business
- 5:37we think of prospecting and it's all new business
- 5:39new business new business
- 5:41add some time into go through your database
- 5:44which you may or may not have set up
- 5:46but if it's your phone go through past text messages
- 5:49whatever because oftentimes
- 5:51agents are not focusing on the low hanging fruit
- 5:54the pipeline they've already built because it's new
- 5:56I need to knock 100 doors a day
- 5:58I need to do this today I need to do that today
- 6:01focus on yes
- 6:03new very important
- 6:04but there's also
- 6:05a pipeline of people that you have had conversations
- 6:08with in
- 6:09you know about real estate
- 6:11about life all the things
- 6:13focus on those as well right
- 6:16so don't just prospect go straight to new
- 6:19focus on the stuff that's in the middle first
- 6:22now the stuff that's close
- 6:23maybe the stuff that you forgot about
- 6:24the stuff you dropped
- 6:25the stuff you forgot to put on your whiteboard
- 6:26all of those things those are people and connections
- 6:29that can be easily reignited
- 6:31and possibly maybe they are ready now
- 6:34maybe it was six months ago
- 6:36they said they were six months out
- 6:37or maybe a six months ago
- 6:38and they said they're two years out
- 6:39but then things have changed in six months
- 6:41they're ready to go so that's that's No. 1
- 6:44redefine your productivity
- 6:45make sure that you're understanding exactly
- 6:47what's going on and make sure you're paying
- 6:49attention to your conversion rate
- 6:51because ultimately conversion wins the day next
- 6:54let's be visible right
- 6:55visibility builds trust
- 6:57even when you feel like an imposter right
- 7:00maybe you're new maybe you're
- 7:01you know saying stuff
- 7:03I will be completely honest
- 7:04a lot of the social media stuff that I put out there
- 7:07the videos
- 7:08come from an idea that I heard on someone else's video
- 7:12or post or whatever
- 7:13so that's the biggest thing
- 7:15and don't hide right
- 7:16be upfront and honest talk about it
- 7:18now I wouldn't go as far to be extremely emotional and
- 7:23you know I need a deal
- 7:25I need this I need that overly salesy
- 7:27but definitely don't hide things
- 7:29it's hard your job is hard as a real estate agent
- 7:31so talk about what you're going through
- 7:33and the process of documenting this
- 7:35and what you're doing on the day to day
- 7:37certainly will help get you in momentum
- 7:39and you know as long as you're maintaining
- 7:42kind of a positive vibe to your
- 7:44your life most of the time
- 7:46it's going to eventually turn into sales
- 7:49the uh
- 7:50visibility not necessarily like something you said
- 7:53and I think that's the most important thing
- 7:55some people use social media as like a sales script
- 7:58the truth is it's probably not something you said
- 8:01it's probably the reminder that
- 8:03you have knowledge in this certain thing
- 8:05or you can bring value to this certain person
- 8:07that is going to you know
- 8:09be referred to you and so on
- 8:11that that starts that process
- 8:13so make sure that you're really focusing on that
- 8:16I'm not saying go out there and be 100% salesy
- 8:18talk about boring stuff I'm not saying that
- 8:21but sometimes documenting
- 8:23showing houses today previewing houses today
- 8:26working on the market update today
- 8:28those kind of things even though they're not like
- 8:32you know great amazing content
- 8:35it's just showing what you're doing
- 8:37and triggering a reminder
- 8:39to the people that already know
- 8:40like
- 8:40and trust you and follow you that that's what you do
- 8:42so that's that's an expert thing is be visible
- 8:46be visible sorry
- 8:49um and then as we move forward
- 8:51there's this imposter syndrome right
- 8:53we don't want to you know
- 8:57scroll the social media and see that this person
- 8:59you know
- 9:00put this under contract and put this under contract
- 9:03because I know right
- 9:04I talked to some of the top producing agents yes
- 9:07they are posting
- 9:08when they're getting houses under contract in one week
- 9:11but I also know that some of these agents have 10 15
- 9:1520 29 listings in one case right
- 9:18and so when you see that one
- 9:19you're like oh
- 9:20she got another one listed under contract
- 9:22it's truly a volume thing right
- 9:24that's what it is
- 9:25and not to say that she didn't get it under contract
- 9:27because I know she did but the point is
- 9:30is that you cannot take that internally and be like oh
- 9:33well
- 9:34there it goes another one for her another one for him
- 9:37right doing it all
- 9:38some people post the same house under contract
- 9:41multiple times with different pictures
- 9:43who cares right
- 9:44that's just a reminder and whatever
- 9:46that's not what I'm saying is going to convert for you
- 9:48by any means but if you're seeing this
- 9:51and you're starting to feel sorry for yourself
- 9:53and you're you know
- 9:54going to a group call and you know
- 9:56summit or a meeting in the office and someone said
- 9:58has a win and that makes you feel bad
- 10:01then that's where the problem kind of exists right
- 10:04we want to make sure that we are presenting a great
- 10:08you know social media presence and what we're doing
- 10:11but don't feel bad because others are winning
- 10:13there's more to go around
- 10:14there's closings happen every day
- 10:16and the truth is that even if they're winning
- 10:19they are still having having struggles right
- 10:22I know a couple agents
- 10:23legitimately with 13 listings and 29 listings yes
- 10:27they have a couple under contract
- 10:28but they also have a lot more that aren't showing
- 10:31and are hard to move and those kind of things
- 10:33so just remember that
- 10:35people aren't always putting everything out
- 10:38out in the open
- 10:39but they also are allowed to celebrate their wins
- 10:41when they do so ultimately
- 10:43keep educating keep sharing
- 10:44keep connecting keep ripping off and duplicating
- 10:48you see something good you know
- 10:49make it your own and and put it out there
- 10:52but that's the important part
- 10:54when we're seeing other people's content
- 10:55is it like oh
- 10:56that's a good idea
- 10:57I can put my spin on it or is it oh man
- 11:00that person's doing so well and I'm not
- 11:02that's where the drill line needs to be drawn
- 11:04and go to the other way oh
- 11:06that's a great idea for content
- 11:08I'm gonna go do that
- 11:09since I don't have a house under contract
- 11:10and I have the time to go do it
- 11:12go do it make it better
- 11:13make it your own and go from there
- 11:15next is if you're a little bit slow
- 11:18start something else right
- 11:19build a skill that you haven't been
- 11:22you know sharpening right
- 11:24the slower months the slower times as the market comes
- 11:27you know
- 11:27the first quarter numbers came out and they're lower
- 11:30they were on a lower pace than 2024 for total home sold
- 11:34transactions closed
- 11:36in real estate in the United States
- 11:38so don't you think maybe it's probably gonna continue
- 11:41we might see another bad year
- 11:43um although things are
- 11:44you know starting to kind of
- 11:45show up in the form of a lot of listings
- 11:48are we seeing the buyers we'll see this weekend
- 11:50the rates just dropped
- 11:51so by the time you're watching this uh
- 11:53we'll see how how that goes
- 11:55but as we kind of understand this
- 11:58we have opportunities to build some skills right
- 12:01you have a little bit of a runway right now
- 12:03and I think that the next couple years 26
- 12:0527 28 are not going to be you know
- 12:08minimal transaction closing years
- 12:10I think a lot of stuff will break loose
- 12:12one way or the other
- 12:13and so build those skills that you've been avoiding
- 12:16if you've been meaning to get on video
- 12:18go get on video start right now start today
- 12:20go live do it
- 12:21do the thing post the thing whatever you have to do
- 12:25even if it's not video even if it's just social media
- 12:28get consistent do it build it
- 12:29build that consistency bone or you know
- 12:33consistent the effort into your regiment
- 12:36so that you can make sure that you are progressing
- 12:39right if you are slower
- 12:41now is the time you can sit and pout
- 12:43you can sit and scroll get imposter syndrome
- 12:45you can bitch about the market
- 12:46you can do a lot of things
- 12:47or you can go get a new skill
- 12:50and by the time that the market turns around
- 12:52and things are starting to pick up
- 12:53whether whatever market you're in
- 12:55and I know that some markets are still doing okay
- 12:57but it's certainly not easy
- 12:59like it was back in the day um
- 13:01let's
- 13:02let's grab that skill so that you're in consistency
- 13:04and you're in momentum when the market does hit
- 13:07you're gonna be just continuing
- 13:08to do that
- 13:08and continuing to gain from all the hours you put in
- 13:12to build it up right
- 13:13you have to have a foundation
- 13:14just like all the houses we sell
- 13:16gotta have a pretty good foundation next
- 13:18clean the house right systems follow through
- 13:21make sure you're not paying for that old subscription
- 13:24you know that you used to be save money
- 13:26you know
- 13:26it's just as valuable of a way to earn money right
- 13:29so do that
- 13:31revisit the background follow up and drip campaigns
- 13:33are they authentic are they you are they what you want
- 13:35we have Chat
- 13:36GBT now that we can kind of train and help and
- 13:39and do all those things so
- 13:40maybe learn a little bit about Chat GBT
- 13:43and update those those drip campaigns
- 13:45and those campaigns that you're doing
- 13:46in the emails you're sending out
- 13:47and the copy you're sending out
- 13:49you know obviously
- 13:50an absolutely massive resource in AI is this is
- 13:54is chatgbt
- 13:56but it's only valuable if we apply it if we use it
- 13:59if we're in it and take that information
- 14:01and update what we already have
- 14:03and maybe have built or maybe haven't built right
- 14:05if you haven't built a CRM go build it right
- 14:08when you're here get in momentum
- 14:10what this is gonna do is allow you to understand
- 14:12that you have all of these connections right
- 14:15get go through your phone
- 14:16and build those into full connections
- 14:17in your CRM lots
- 14:19and lots of things that you can do here
- 14:22to help make sure that you are
- 14:25you know still continuing to be productive
- 14:28although maybe the incomes not coming right in today
- 14:32you're not seeing that immediate result
- 14:34you have time
- 14:35you have a runway and you can go from here now
- 14:37if you do need income right away
- 14:40maybe maybe
- 14:41the systems and cleaning
- 14:42and all the stuff behind the scenes is not it
- 14:44get out
- 14:45and you're gonna have to do some of those traditional
- 14:47kind of sales open houses
- 14:48door knocking cold calling things
- 14:51but if you're doing that and you're feeling that
- 14:53and you're feeling that pressure
- 14:55not no one likes to doorknob forever right
- 14:58the whole goal of doorknocking is to build a foundation
- 15:01a CRM and and get out right
- 15:03so that's where I would start
- 15:04but while you're doing that
- 15:06how are you developing YouTube channel
- 15:07how are you developing your social medias
- 15:09on the back end absolutely key and then finally
- 15:13reconnect to your why why are you doing this
- 15:16give yourself some obviously mindset training some
- 15:19some benefit to understand okay
- 15:21this is why I'm doing it
- 15:23you're going to reconnect with that why
- 15:25and have that inspiration
- 15:26because sometimes it is hard right
- 15:28when you have a deal that you worked on forever
- 15:29and it falls apart
- 15:31or you have a listing and the seller say look
- 15:32we just can't you know we're
- 15:34we're just gonna have to stay here
- 15:35and do whatever we're doing now
- 15:37and move forward
- 15:38then that's when you need to step it up
- 15:40and you need to make sure that you are
- 15:43you know connected to that why
- 15:45because you'll have that
- 15:46you have the momentum to keep going
- 15:48and continuing to build and grow
- 15:50so I hope these five things helped you
- 15:52choose 1 choose 2
- 15:54whatever you can do if you feel like you're stuck
- 15:57um and you need a little bit of love with that
- 16:00and help with that I would love to connect with you
- 16:03one thing I would also mention is
- 16:05the power of proximity is so huge right
- 16:08if you are feeling stuck and you're struggling
- 16:10and you want to be around
- 16:11people that are absolutely dialed in
- 16:13crushing this
- 16:14can pick you up when you're feeling down
- 16:16and you can pick them up when they're feeling down
- 16:18that is the Wolf Pack book a call with me below
- 16:20I'd love to chat with you about what our group is doing
- 16:23insanely different to change the real estate game
- 16:25so like comment subscribe
- 16:27we'll see you next time bye bye