Being successful in becoming a real estate agent is not just about passing a licensing test.
These are not just tips, but tools for being successful in becoming a real estate agent with a plan.
1. Basic Checklist for Becoming a Real Estate Agent
Learn the major points to consider in being successful in becoming a real estate agent and starting your business in the right way. Keeping these tips in mind will assist you to use the others that follow to set up a plan that you can follow and believe. To learn about a basic checklist for Being Successful in Becoming a Real Estate Agent, read here:
Plan for upfront monetary costs and leg work to be successful.
2. Reasons for Failure After Becoming a Real Estate Agent
Knowing why others have failed will help keep your new real estate business plan on track. Most successful people in any business will tell you that they are successful not only because they studied ways to be successful, but that they also studied the failure of others in order to avoid the same mistakes.
To learn some strategies that work for new agents, go here:
3. It’s a Business – Know Your Expenses Before Becoming a Real Estate Agent
How much are your personal expenses? You need to know, as they go on while you’re trying to kick off your new real estate career. Being Successful in Becoming a Real Estate Agent does not stop the rent, food, clothing and other expenses. Make and follow a plan to make sure that they’re paid while still allowing you to allocate time and budget to your new business.
4. Planning Income With a “Sales Funnel” Approach
Being Successful in Becoming a Real Estate Agent means that you know your present and future expenses, both personal and business. You can put together an income budget just like an expense budget, and use a spreadsheet and a step by step process to come up with a realistic estimate of what you can expect for income the first year or so
5. Develop a Marketing Budget When Becoming a Real Estate Agent
You can also develop a budget for your marketing efforts. You probably considered this in the income funnel approach.
6. Choosing a Broker When Becoming a Real Estate Agent
Choosing your first broker to carry your license could be the difference in success and failure when becoming a real estate agent. Making the right choice involves understanding your needs, both income and training related. While one broker may seem to be offering more leads with floor time, are you going to get the training you need to do a good job with those leads?
7. Income Splits And How The Money Is Divided – Broker Choice
While “splits” might influence your first broker selection, they should not be the only consideration. Ask how the money is divided up between all of the parties involved, including franchises. In estimating your income in the spreadsheet provided, you can adjust the numbers for split percentages to compare results and the impact on your income. The initial split can increase once you show your broker that you’re going to be a deal generator. Do not base your broker decision based only on splits.
8. Fast Track Your Prospect List When Becoming a Real Estate Agent
Leveraging and building your “sphere of influence” or prospect database is critical for being Successful in Becoming a Real Estate Agent. Do not reinvent the wheel. Learn and copy the old “tried and true” ways others have used to get started.
9. Basic Checklist for Using Technology and the Internet
The new reality of marketing in this business is the Internet and technology. Starting early in planning and building an effective Internet presence will make a huge difference in the long run. Being Successful in Becoming a Real Estate Agent will involve using blogs, social media and more.
10. Choosing a Marketing Niche for Your Real Estate Business
While it isn’t something you need to do right away, and you may never do it, consider At some point you will need to study your market area in order to specialize in a niche market in the future. Learn in this article some of the most successful niches chosen by others. Congratulations on your decision, and good luck and success in becoming a real estate agent.
Make a plan and stick to it.
Passing the test gets you the license, but that is not enough knowledge for Being Successful in Becoming a Real Estate Agent in the long haul. Learn the top ten things you can do to help assure that you will prosper and enjoy a long and rewarding real estate career.