Articles

CONDITIONS VERSUS OBJECTIONS

A problem arises when Agents mistake conditions for objections.  Agents often treat a condition as an objection and beat themselves up when they don’t get the transaction or contract signed.  The definition of a condition is a valid reason for the prospect to not move forward.  You still need to try all the techniques of handling the objection.  You just need to realize that a condition is usually linked to their ability or authority to act now.
 
They might have the desire to move forward with you but lack the ability …

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GETTING RESULTS

We live in a world that has changed dramatically in the last 50 years.  There has been more innovation and more technological progress in the last 80 years than there was in the previous years since the beginning of time.  In today’s business society, we are judged by the results we get more than ever before: the result of winning the court case; the result of a successful surgery; the result of winning the big game.  We, as REALTORS®, cannot escape this results-driven society.
           
We need to clearly understand …

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Max-Bang Series: Let a Lender Pay Your Ad Bill!

What is the single biggest expense we as REALTORS® have? You guessed it — advertising. In fact, all the so-called “experts” recommend we spend a full 20% of our gross income on bringing in business. That’s nearly three times what other industries spend for advertising (most industries spend 6-7% of gross revenue. So here’s an idea that will help you bring your advertising costs to a more attractive level. Let a lender pay your ad bill. Let me …

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ACCEPTING OVER-PRICED LISTINGS

I don’t advocate taking over-priced listings. Sometimes, it is inevitable, but before you take a listing that is overpriced, see that the sellers meet the follow three criteria:
 
1.   The sellers must have strong motive to sell.
 
      Your client’s motivation to sell is the key indicator of whether or not you will earn a fee for your service. You’ll be paid only when your client’s property sells and closes, so evaluate and re-evaluate the interest and determination of the seller to complete the transaction.
 
      If a client absolutely has to …

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Max-Bang Series: Build Your Seller a Website!

What if I told you that for less than $10 you could build your seller a website? Not $10 a month, but $10! Actually you could build it for free, but spend the $10 to make it really special. Now check out how simple this is and then imagine what your seller’s reaction will be.
Let’s say you have a listing (or you would like to get a listing) at 1218 Sky Drive. Go online and buy the domain, 1218SkyDrive.com (or …

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SALES SCRIPTS AND DIALOGUES

The quality of sales skills can dramatically influence income.  At one time we all had tremendous sales skills, and we did not even know it.  We intuitively learned, and perfected, our presentation to the highest level.  We persistently pushed forward and never took, “No!” for an answer without a fight, then we usually wore our opponent down and got the sale.  We had it all going for us, we had it all figured out, and then we stopped.  Most of us stopped being great sales people around ten or eleven …

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CONVEYING YOUR COMPETITIVE ADVANTAGE IN PROSPECT PRESENTATIONS

Let’s start with the bottom line first: The whole purpose of a prospect presentation is to establish your competitive advantage. In the least time possible you want to communicate what makes you different from the more than 1.2 million other licensed Realtors in the United States. You want your prospects to see exactly why they should hire you, what’s in it for them, and why they should proceed with confidence to sign your listing agreement.
 
Most agents spend the presentation explaining what they will do for the client rather than focusing …

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Priming the Pump

When I was a senior in High School, I had the opportunity to see Zig Ziglar, Tom Hopkins and a few other great motivational speakers. I was so inspired from what I heard that day and knew that I wanted to be a speaker & coach like those amazing people I saw on stage. They shared many great stories that day, but one story stood out in my mind. Even years later, the story Zig Ziglar told has always resonated with me.

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PROSPECTING – A LITTLE GOES A LONG WAY

You don’t need to make fifty cold calls a day to achieve prospecting success. In fact, if that is your primary method, I would question your decision-making ability. We need to do enough prospecting activity to drive the business. Picking a more effective medium than cold calling is the mark of a successful businessperson. When we prospect consistently, which is the key, it doesn’t take much. I caution you; it is also easy to think we are making progress and be merely treading water at best.
If you set a goal …

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PROSPECTING OPTIONS

We really have an unlimited supply of what we can prospect. Webster defines prospecting as “seeking a potential customer; seeking with a vision of success.” In the definition, it doesn’t say waiting for the phone to ring, sending out postcards, or hoping someone calls you. It clearly says that prospecting is a seeking activity. Let me share a guarantee from ancient scripture. “Seek, and you shall find.” The guarantee is if you seek, you will find. I hear all the time from people, “Well, what if it doesn’t work?” You …

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