Creating Strategic Partnerships In Your Real Estate Business

Wade Webb on July 27, 2022

creating strategic partnerships real estate business Need some inspiration for creating strategic partnerships in your real estate business? As the market transitions all over North America and our need for expense management increases the balance of 2022. One of my desires in business was to leverage what I do in real estate with what other service providers and businesses do in theirs. The goal is to help expose them and their services to the people I know personally and professionally. I truly believe that leverage and focusing on what others need in their business and helping them will in turn help me and what I do in my business, ten-fold.

I have created leveraging strategies that assist other service providers and at the same time create a stream of income to support my marketing and business building strategies. Any chance you could use a small steady income stream in your real estate business to help support and grow your business exposure this year? I thought so… Start by thinking of all the opportunities in your real estate business you have to expose, connect and engage anyone you know personally and professionally? Here are some examples to get you started…

”Places You Could Provide Exposure for Others”

  • Website
  • Newsletter
  • Feature Sheet
  • Thank you for buying and selling letters
  • Youtube
  • Social Media
  • Unaddressed Ad mail
  • Service Directory Booklet
  • Client appreciation event
  • Email
  • Open House
  • Pre listing and Pre Buyer Packages
  • Listing and Buyer Presentations
  • Calendars
  • Signage
  • Mobile Technology
  • Print Advertising
  • Client Seminars
  • Single Listing Websites

All of these are opportunities for you to expose another service provider or business owner to multiple prospects, Right? The second step of the process is to think of all the service providers, business owners and related industries to real estate and what you and your client use for buying and selling real estate. Here are some examples…

Service Providers to Feature

  • Accountant
  • Insurance
  • Investment
  • Mortgage Broker
  • Banker
  • Lawyer
  • Notary
  • Appraiser
  • Inspector
  • Surveyor
  • Locksmith
  • Carpet Cleaner
  • Renovator
  • Irrigation
  • Yard Maintenance
  • Junk Removal

I then created what I called my Platinum Partner Plan. This plan was presented to service providers and business owners the exclusive right for one year to have their service and business exposed in all the first list of marketing ideas I provide as a real estate professional for a nominal fee and a 12 month commitment. So what would someone pay you monthly to have their logo, service, business exposed for one year on your website, newsletter, feature sheet, thank you for buying and selling letters, Youtube, Social Media, Unaddressed Ad mail, Service Directory Booklet, Client appreciation event, Email, Open House, Pre listing and Pre Buyer Packages, Listing and Buyer Presentations, Calendars, Signage, Mobile Technology, Print Advertising, Client Seminars, Single Listing Websites? I am going to say you will be surprised the revenue you can generate from presenting this kind of a program to service providers and businesses related to real estate… it will be hundreds of dollars to you each month!!

It was a very easy sell to these service providers and business owners. If they didn’t see the value in a small $50-$100 a month investment for this kind of exposure I would say, “no problem, I am sure another business owner in your profession will appreciate the exposure.” They would then say, “no wait, I wasn’t saying I would not do this.” And then they sign up. Provide me 12 post-dated cheques. Would it not be worth your while to focus on leveraging what we do with what others do? Would it not be worth creating a regular stream of marketing dollars for your real estate business? I can tell you first hand, it truly is. Don’t miss this amazing opportunity to create your own Platinum Partner Plan today.

Strength and courage,
Wade

Is Your Real Estate Business Unshakeable?

Wade Webb on September 19, 2018

unshakeable real estate businessIt is time for North American real estate agents to accept the fact this is our new normal real estate market. Real estate markets are shifting all over North America and this is now the market agents are needing to be comfortable working in. The nice part about this new normal market is it is not a global recession or not a global housing crisis but it is also not the record breaking sales and increase in values we have seen over the last number of years either. Currently we have about 1.3 million real estate professionals in the U.S. and about 110,000 real estate professionals in Canada. Last year only 3% of the agent population sold more than 25 homes. Almost half of the agent population sold no homes last year. The forecast is 78 million people will move in the next four to five years. Ancillary companies invested 5 billion dollars into the real estate industry this year to capture a piece of the 100 plus billions of commission dollars that will be generated in real estate sales in the coming years. So how much of that pie do you want to capture? What do you need to do to ensure you capture a piece of that pie? Here are my top tips for you to create an unshakeable real estate business and to capture the biggest piece of the pie in the coming years.

Tip to Create an Unshakeable Real Estate Business

  1. MINDSET – The most important factor to any agents success is their identity and how they see themselves in their own marketplace and how the marketplace sees them as the trusted expert in their community. You need to fall more in love with the fact you can change lives with your real estate business and what you do truly does matter. You need to have the mindset that this is my business and not a job or a hobby but this is my business! How I treat my business matters. How I run my business matters. How I step up my business matters. How the community sees me as a trusted real estate expert matters. Change you own identity and your communities identity about you and your business today!
  2. STOCK PILE CASH – The biggest reason for so many agents leaving the industry in 2007-2008 was the fact they had not saved any of the money they made in the previous real estate boom. Having capital and some access to cash to live personally and to run your day to day business is critical. Start now and save. Begin to pay down debt now. Look at ways to consolidate your debt personally and professionally now. Get a business line of credit or enquire about increasing your existing business credit line now while you can. Remember in any economic correction cash is king!
  3. TOP LINE REVENUE – I always love coaching successful high producing agents who are in a downward spiral with their real estate business. My first question to them is make a list of the top 10 activities you did to generate all the business success you had. Then tell me all the business activities on your list you are presently doing. The session is over and the light comes back on. There are so many ways to drive sales and revenue into an agents business. Create your list of top line revenue drivers in your business and get at them and double the amount of times you normally do these activities and watch what happens to your top line revenue.
  4. REAL ESTATE IS MATH – Your business is just math and all agents business really breaks down to knowing exactly three numbers that will get you to any real estate income goal. The first number is the number of people a day you need to speak to about buying and selling real estate. That is your DAILY number. The second number is the number of bona fide listing or buyer appointments you need to attend a week. That is your WEEKLY number. The third and final number is the numbers of transactions or sales a month you need to perform. That is your MONTHLY number. Those three numbers equate to any agents annual income goal. Easy as 1-2-3 numbers to determine your income success!
  5. TECH ENABLED – The biggest challenge with our on demand world is the agent who is struggling with the tech enabled business world we live in. You either need to learn it or get someone to do it for you that is tech enabled. The real estate business cannot be done to the speed of expectancy from the customers without technology. Apps, CRMS, Digital signatures, The Cloud, Paperless transactions, Email, Text, Video and on and on and on.
  6. MARKETING – You just can’t be the one trick pony agent and be able to manage in the new normal market and economy. Agents need to have at least four to six marketing funnels generating buyer and seller leads a day for them to be able to cope with any correction in the market. If agents don’t have enough funnels then they don’t generate enough leads. Without enough leads there are not enough appointments. Without enough appointments there are not enough listings and sales. Get those four to six marketing funnels firing on all cylinders now before it is too late.
  7. CONVERSION – The greatest problem in our industry is the inability of real estate professionals not being able to convert a lead to an appointment. You need to be a lean mean appointment setting machine in this business to survive. Lead conversion 101 is simply asking the consumer engaging thought provoking questions that allow them to discover the challenges, difficulties and pitfalls a buyer or seller may face in today’s market place and then having a system or process to help them navigate those challenges. After that all we need to do is L.G.T. “Let’s get together”
  8. SCALE THE BUSINESS – We all have in some way shape or form issues with control. We have convinced ourselves we just cannot let go. The issue today is we only have so many months, weeks, days, hours and I don’t care who you are, you cannot do it all alone. Finding help and automating, systemizing and delegating allows an agent leverage and them a chance to really focus on what they do best and that’s people! Let go! It will change your life! Take it from me the president of the control freak club!

So there you have it, 8 powerful ways to help navigate and crush it in this new normal market. All that is left is you and making the choice to get at it! There is a huge pie of commission income available and you need to decide how much pie is going to be yours!

Strength and courage,
Wade

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