Successful real estate agents didn’t wake up one day and just started selling properties. Setting up a business in real estate means preparing before making that first step. Keep reading to learn the five ways you can ready yourself as you enter the beginner real estate agent class.
Grab your pen and paper and start taking notes. It's a hard job but well worth the work.
To make a living as a beginner real estate agent, you have to treat it as a business. If you are an independent contractor, you are the manager of your own business. You’ll also need to invest in the courses and training that are relevant to real estate agents. This includes courses on marketing, real estate fundamentals, lead generation, and more.
Think about your sphere of influence. Who do you know, and who knows you? Once you know the size of your sphere, as beginner real estate agents, you can work to enlarge it. Participate in community and industry activities, and attend local government meetings. Join your local real estate agent association and visit real estate conferences and exhibitions.
Once you’ve established new relationships, keep them going. Even if they’re not currently generating income, it’s wise to keep in touch with them. You can send personalized notes, email newsletters, and even birthday cards to potential clients. You can connect with them on social media platforms like Twitter, LinkedIn, Instagram, and Facebook. This keeps you in their minds when they do start looking for real estate.
Every connection you make is an opportunity to grow your business. Even if someone you meet doesn’t need your services, they may know someone who does.
You need enough savings to cover your lifestyle for at least six months. If you don’t earn a commission or a salary, you’ll need to be able to pay the bills. That will allow you to be able to keep going at it without giving up. Keep your day job as a buffer while you get started if you can.
Competition in the real estate world is not lax. You’ll be up against business like Zillow and Redfin, along with experienced real estate agents. If this is what you want, you have to fight for it and fight hard. Put in the hours and fight to close the deal, no matter what.
Look at useful real estate tools and educate yourself on how they work. You can grow your business if you use these tools efficiently. One great tool to use is Mashboard, which helps you assess investment properties for your clients.
Another great tool is EZ Sign Service, your real estate sign installation and management team. You can manage your signs online, or use our efficient mobile app 24/7. You can track your signs in real-time, and we store and remove them for free. We also install 98% of our signs by the next business day. Give us a call. We’d love to help you succeed.