No one ever said that being a real estate agent was easy. It can be downright challenging at times. You must constantly hustle, make phone calls, go to appointments, and deal with many rejections. So it's not surprising that many agents call it quits when the market gets tough. What is surprising, however, is how many of them give up just before they would have started to see some serious rewards.
Here are five reasons why you should stick out your real estate career:
Reason 1: Real estate is a cyclical business, so there will always be ups and downs. The key to success is developing a real estate strategy that considers the current market conditions. For example, in a market with high rates, it may make more sense to focus on buyers who are purchasing a second home or investors. By understanding the needs of the current market, you can be better positioned to succeed.
Reason 2: Maybe you are cashing fewer commission checks during this time, and in a recession, it can be tempting to give up your license and look for a job that will pay a steady salary. However, there are a few things to consider before making that decision. First, jobs that offer bonuses the size of a real estate commission are few and far between. So before you make any decisions, weigh the pros and cons carefully and consider how much time this new job will require and whether you will have time to work on your real estate business.
Reason 3: Although the market is down, many people still buy and sell homes. So if you're thinking of quitting, think again. Now is the time to hunker down and ride out the storm. Get your name out there and contact Kelly Bishop to get a plan going for you. Real estate is still a cyclical business, so even in a down market, there are always opportunities for those willing to work hard. ( Follow Kelly Bishop on Eventbrite for the Art of Momentum Series)
Reason 4: You've decided to hang up your real estate license or leave the industry altogether. Have you considered becoming a referral agent? Referral agents are licensed real estate agents who connect clients with other real estate agents in exchange for a referral fee. It can be a great way to stay involved in the industry without dealing with the day-to-day grind of being a full-time agent. However, one thing to remember is that you'll need to be associated with a broker to refer clients legally. Find a broker that will allow you to hang your license non-MLS and start your referral business.
Reason 5: If you want to be successful in real estate, you need a database of clients and leads you can reach out to. A secret to growth is having your business organized in a CRM or even excel format. Not having this makes it challenging to keep track of leads and follow up promptly. An organized system with a follow-up strategy will help you stay on top of your business and grow your clientele. So wait to throw in the towel - get organized and watch your business take off! Combine with social media for even better results.
It can be so easy to give up when things get tough, or we face setbacks, but it's important to remember that giving up is never an option if we want to achieve our goals.
Are you looking to take your real estate business to the next level? The Art of Momentum was created to help you do just that. Our classes are designed for those that want to create more energy and momentum in their business. You'll get more done and be able to achieve greater success in 2022. With our help, you'll be able to take your business to new heights. We know what it takes to succeed in the real estate industry, and we're here to share our knowledge with you. Sign up today and get started on making your dreams a reality.
Contact us today if you have any questions about working with Vegas Strong Real Estate Group!
Kelly Bishop, Broker Owner b.1002019