Consistency – JP & Associates REALTORS®
5 Ways Not To Be Broke On January 1

5 Ways Not To Be Broke On January 1

There are 84 days left in 2019 and 60 productive working days, depending on how many days you work, how many holidays you celebrate, and so on. Regardless you have about 84 days to wrap up 2019. 84 days!

What will your bank account look like on January 1 of 2020? Is it your desire to have a more significant bank account or a smaller one? Whatever your goal is, NOW is the time to make that happen.

The next 60 days will be critical for setting yourself up for strong close to 2019 and a fast start to 2020. What you do in the next few days and weeks will determine the size of your bank account on January 1 and your momentum for the first quarter of 2020.

CHALLENGE 1: What would happen to your business if, for the next 20 working days, you made one new appointment each day?

Let’s face there are two types of agents today: hobbyists and CEO’s. This article is not for hobbyists, those part-time agents who dabble. For those of you that run your business like a business, those of you that know your daily number and know what it takes to generate one sale, then this article is for you.

CHALLENGE 2: Get clear about the next 84 days:

  • Write down the number of sales you’ve made so far this year.
  • Write down the source of those sales.
  • How many listings will you earn between now and the end of the year?
  • How many additional families or investors do you want to serve between now and the end of the year?
  • How many contacts do you need to make to drive that number
    • One rule of thumb is 40 contacts to 1 sale.
    • Who are they, and how will you go about connecting with them?
  • What systems do you have in place to create the result you desire?

After completing the quick exercise above, here are 5 actions you can take so you’re not broke on January 1:

  • Decide Now. Decide now how many days you will work, how many days you will be off, and how many “flex days” you’ll have between now and the end of the year. Decide what direct response marketing campaigns you will run. For example, if you will create an investor campaign to take advantage of year-end investment buyers.
  • Up your CRM game. There is no excuse for not having your CRM updated and working for you. It takes discipline; yet once you realize your CRM is the engine that drives your train, that task becomes less negotiable.
  • Delegate. Is it time to find some help? An office or virtual assistant. Your highest and best use is prospecting.; lead generation; going on appointments and negotiating contracts. Everything else delegate. Scared? Get resourceful, many new agents I know are sharing a fractional assistant to split cost yet keep them fully employed.
  • Diversify your lead generation sources. Too many struggling agents rely on ONE, maybe TWO lead sources. FOUR sources of business – split between influence strategies and control strategies – provides diversity and stability to your real estate practice. Note, don’t add four sources all at once. Start with one new source, get it working and stable then add another until you reach four sources.
  • Target Market Clarity? Any market rewards the hyperlocal expert. Are you an expert in a community? Are you an expert in a profession like Nurses, FBI agents, CPA’s? It’s probably time to get hyperlocal and specialize.

So, I’ll leave you today with three final things to consider: 

  1. Knowing what you know now, what immediate adjustments do you need to make?
  2. Cash is king. Are you building your cash reserves? Are you reducing bad debt? Investing in marketing? (Hint: You can do all 3.)
  3. Have you started a small weekly accountability group with like-minded, goal-oriented CEO’s like yourself? If not, what’s holding you back? 

What we can learn from Louis Pasteur

What we can learn from Louis Pasteur

Friday night reading – you know I love breakthrough stories.

I knew Louis Pasteur was the father of microbiology and known for his discoveries of the principles of vaccination, pasteurization, and the causes and prevention of diseases. I knew his discoveries have saved many lives. I didn’t know the sacrifice, the danger and the obstacles he had to overcome:

  • To find the cure for rabies he had to endure working with mad dogs and overcome extreme doubt about the first test injection;
  • He was mocked and ridiculed for suggesting hand washing to prevent infection and the spread of disease. It took 19 years before that practice was widely accepted;
  • One of his colleagues died helping stop the spread of cholera in Egypt, he wrote “he died on the battlefield of science passing through this life with a higher thought to which he sacrificed all else.

I know most of us aren’t solving such complex problems, yet our obstacles have the same impact on whatever we are trying to accomplish.

What I learned from Louis is:

• Despite his doubts and fears, he continued to take action
• Despite the confusion, lack of clarity he kept moving forward
• He stepped backed to gain perspective vs becoming overwhelmed
• He became resourceful, seeking out the necessary help
• He distanced himself from any drama
• He stayed focused on his commitments despite his feelings
• He developed and refined a growth mindset

My biggest takeaway is: it is vital you take consistent action in spite of your fears and doubts.

 

So How Consistent Are You Right Now?

So How Consistent Are You Right Now?

When you are inconsistent, nothing works. Here’s what I know: agents who are consistently setting and going on appointments are producing more results, period. These agents are consistent and disciplined in their daily routine of prospecting and marketing.

Consistency… social media does not work if you are not consistent; geographic farming does not work if you are not consistent; repeat and referral do not work if you are not consistent; open houses do not work if you are inconsistent; online leads do not work if you are not consistent.

Show me something in your life or business that works when you are inconsistent. Anything you are going to do, the more consistent you are with your mindset, your attitude, your approach, your expectation, your strategy and your tactics the more predictable the result. Bottom line: when you are consistent everything works… when you are inconsistent nothing works.

So my question is, what have you been inconsistent with? What has that inconsistency cost you financially, cost you emotionally, cost you physically?

I’d submit the action –  we can all be more consistent in setting and going on more appointments.

We CANNOT control the market.

We CAN control ourselves, our thoughts and our actions.

Next Steps:

1. Make an appointment setting goal for the next 2 weeks and share it with an accountability partner.

2. Gather your past client list, all of your past leads, open house registers and people you know and start making appointments today.

3. Be CONSISTENT… list the 1, 2 or 3 things that you must do on a consistent basis that will propel your business forward.

#WinTheDay