How can you stop sabotaging your own potential?

If you have a vision or goals for your life or business, but find yourself sabotaging yourself here are some tips that will help!

 

 

You can also download the sabotage management strategy and tools here!

Some tips if your struggling with the market!

It is no secret that many markets have slowed down, here are some tips to create more opportunity and maintain the right mindset!

Is It Time To Build A Team?

Executing on all you need to do is near impossible to do alone and still continue to grow your business. There is a human capacity to what you can accomplish. There comes a time where you need to enlist the help of others – you need to build a team so you can take part of your plan and start delegating activities. Here are some tips to help you build the right team!

Team Building

 

There is a limit to what anyone can do alone. For example, for a loan officer, typically when someone funds over five purchase loans a month they begin to get overwhelmed. There are just too many things to do: open houses, putting deals together, working on marketing campaigns, updating their pipeline, hitting their close of escrow dates, trying to manage a database. For real estate agents, I see that their capacity gets challenged once they are closing 2-3 deals per month. Something has to give. Usually lead generation is what is sacrificed first so it is imperative that you either manage your time and priorities better or you consider building a team.

If you don’t have the support for your business, it usually results in a roller coaster of good months and bad months. One month production is up because you’ve spent your time prospecting. The next month business is down because now you’re spending all your time managing the pipeline. Then you shift back to prospecting and the cycle continues. This is why so many in the mortgage and real estate industry are in scarcity mode much of the time.

To build a sustainable business you must constantly be building your pipeline. The primary function for all of us should be creating new business opportunities. When you reach the point where this is no longer possible you must start looking for someone to help you. This usually coincides with good production numbers. Once you reach a certain level you can generally ask for what you need. In my experience the first person you should hire is someone who can manage your pipeline or current deals in contract. This person will help with your files, with communication, with follow-up and database management so you have time to spend prospecting and focusing on gathering new opportunities.

Before I hired my first assistant, I spent time looking at my job. I made a list of all the things I did. At the top of the list I put the things I really enjoyed doing. At the bottom of the list went all the things I hated doing. So when I did hire someone, their job description was already done – they got all the things I hated doing. For most of you that will be the details and follow-up but for others it could be the marketing and prospecting.

As you get beyond the first hire, you’ll want to continually refine what you need. You’ll be able to pass more responsibility to others. Building an effective team allows you to focus on your strengths but it isn’t simply placing a warm body in a seat. Teams are only as good as their leaders. Leaders are only good if they have a clear vision – they know what activities and results need to be measured, they know what needs to be accomplished, and they’ve provided the team with a roadmap on how to get there. Leaders have built the foundation for their business and they communicate it.

Being a visionary isn’t the only requirement of a leader. You also must be able to manage people. You should set guidelines and measure performance. You must deal with personnel issues. If you’re not a leader in this sense of the word, if you identify that your strengths are in opportunity creation and not day-to-day supervision, then hire someone who has the leadership skills to get things done. It should be someone you respect, will be willing to listen to, and has the ability to hold others accountable.

 

Not Just Any Team – the Right Team

 

Make sure that you hire the right people. Vet them ahead of time. Ask them what their goals are. Don’t hire anyone you think won’t be with you for more than two to three years. You won’t even start to see any benefit from the hire until about six months in after you’ve spent time training and investing in them. Some of the best lessons I’ve learned is building teams are:

  1. Fire people fast if they aren’t a good fit. Negative energy spreads.
  2. Have very defined roles with metrics and results attached so you can make good long-term decisions.
  3. Believing that a team can take away your stress is nonsense. You should master what you’re doing by yourself before you should feel comfortable bringing in new people.
  4. It is better to build small and to dial in who you are and what you’re doing than to look for somebody to come in and rescue you.
  5. You will never escape the responsibility of owning your customer’s experience or building your brand. You must own your team’s mistakes like you made them yourself. Inspecting their work and continuously training and supporting them are the only ways you will thrive.
  6. Continue to build your process and roles and responsibilities. Learn from every deal so you reduce any potential mistakes or delays that may occur during the process.
  7. If you blame them for issues or treat them poorly or inconsistently, they will leave. For them it is a job and they can find a better one so treat them well.
  8. Identify what makes them feel appreciated and praise them often. I love The 5 Languages of Appreciation in the Workplace, by Gary Chapman and Paul White as a reference to help ensure they are getting their needs met.

You will not be able to take your business to the next level without letting go of something and building a team. Just be prepared and have a good business plan to share with them so everyone knows what part they play in the team’s success.

Create More Opportunity Now!

The truth is you probably have a lot of missed opportunity in your database and peer group. We make so many assumptions like if anyone needs anything they will come back to me. This assumption is flawed and proven to be wrong. Only about 20% of people go back to their lender for a subsequent loan and according to NAR’s Profile of Home buyers and sellers only 55% of sellers used the same agent to list as they did to buy their home. We must make changes to how we connect with our database if we want to maximize opportunity. Your limiting belief that I don’t want to bother people must be changed to I add value every time I connect with people which will lead me to future opportunity:

I add value every time I connect with people which will lead me to future opportunity.

Here are some tips to create more opportunity:

  1. Make a commitment for daily contacts. Whether you choose 5 or 10 connections, set a goal. Make this non-negotiable where you say NO if someone asks you to meet during that time.
  2. Create a ritual for the contacts that ensures you are doing research and setting yourself for future opportunity. Come up with scripts or reasons ahead of time for calling. Review social media for life changes before you call and check county records to see if you already missed an opportunity. Ensure you make sure they have your business cards at home and work OR that you have texted them your APP.
  3. Educate your database on your goal of receiving 2 referrals per year and ask them for help. Everyone knows somebody that might be a good connection. Keep asking for help and offering help as well.
  4. Create opportunity for others. When you seek to support others you will benefit both directly and indirectly. Quit measuring reciprocity or results directly. Just make a commitment to constantly add value and new opportunities will come to you.

I recommend that you start prospecting more within your database and people you have connected with in the past. More leads may not be the answer…it may be go deeper with people you already know!

Interview on The Daily Grind

Loved being a guest on the Daily Grind! Hope you enjoy the tips on creating success while maintaining balance and authenticity!

You can listen to the interview below as well as finding it on iTunes, Spotify and at the Daily Grind Podcast.

 

Some Open House Tips You Can Share With Your Clients

Written by Suzie Wilson

Most home sales do not come about as a result of an open house. In fact, only 7 percent of home sales result from holding one. So why should you put yourself to all that trouble? The answer is money. A successful open house can mean the difference between a house that sells quickly,  above offer and one that languishes on the market for weeks. A home that shows well can generate a bidding war. Here are a few helpful suggestions on getting the most out of your home with a successful open house.

Put your best foot forward

If you’re going to be showing your house, you want it to look its best. Pay special attention to the exterior. You’ll never get another chance to make a first impression. Curb appeal is half the battle, as you want to make the buyers stop their car in their tracks.  It doesn’t matter if your interior is top-notch if no one makes their way indoors to see it.  So, clean up the outside and give your house a fresh coat of paint. Spruce up the lawn and power wash the driveway. Install new exterior bulbs, so your house looks great at night and put out some colorful annuals for a cheap and cheerful welcome in the daytime.

Create the illusion of perfection

Your buyers probably won’t have a lot of imagination. When they look at your home they may not be envisioning all the ways they can make it their own, so you’ll have to do that for them. Start by maximizing your space; eliminate clutter and personal items. You may need to rent a storage unit for the duration. Try to make your home attractive to as many people as possible. This is not the time to flaunt your personal style. Go traditional. Repaint interiors in muted neutral tones that coordinate with a wide variety of furnishings. If you decide to remodel in advance of open house day, the best places to get a return on your investment are the kitchen and the bathroom.

Even if you’re selling the home “as -is,” it doesn’t hurt to invest in new towels and accessories to make these rooms feel more modern.  You may even want to hire a professional stager to arrange your furniture aesthetically.  You want to make your house into a model home. Today’s buyers have access 24/7 to images of beautiful homes on television and the internet, and you are competing with those lofty expectations. Your home is a stage set, and you want your buyers to be able to see their lives unfolding happily within these walls.

The next step is photography. Work with your realtor to arrange someone who can show your home in all its glory. Most buyers will research your home online before they see it in person, so make sure everything they see makes them want to see more. You can arrange to have 360-degree photo tours online, so that the buyer can experience “walking through” your home from the comfort of theirs.

Set up a strong web presence, noting all the pertinent information about your home. Find out the ages of all systems and appliances. Make note of any recent updates or remodeling you have done. Remember, you’re selling the fantasy of living in your house, so play up all of its advantages. Is it in a great school district? Close to shops and public transportation? Whatever its strengths, you’ll want to let the buyers know about them.

Get the word out

If you do not advertise, the world doesn’t beat a path to your door. Make sure your realtor is posting your pending open house to multiple social media channels and the MLS. Tell all your neighbors and friends. You might even want to send out invitations. The neighbor may not want to buy your house, but he might want to tell his son about it. Put out signs leading from major intersections, directing traffic to the open house. The more highly visible signs pointing the way, the better. One lonely balloon on a sign on a street corner isn’t going to cut it. You want the buyers following the trail like eager beavers on a scavenger hunt. Their reward is your fantastic house.

On the day of the open house, you’ll want to stay at a discreet distance, but be within easy reach of communication: keep your phone turned on. A prospective buyer may need to know the depth of your well, or the height of your crawlspace. Make sure the environment is as welcoming as possible, with plenty of light and warmth. Take any pets to the sitter for the day, and make sure the house smells amazing. Fragrances and smells have a powerful impact on our emotions; your house will seem more inviting if it smells of baked goods, for example. These can do double duty; bake some cookies and offer snacks during your open house. Put out iced tea and lemonade. Happy people are more likely to make offers, hungry or thirsty people are likely to rush through and leave.


Suzie Wilson
Interior Designer, Author, Creator of Happierhome.net
Contact: info@happierhome.net


 

 

 

Are You Ready for Summers Off?

Do you want to take summers off like you did when you were a kid? There are days I sure wish I could.

It is no surprise that most people lose some of their discipline and motivation throughout the summer. Whether you have kids at home or not, most of us crave more freedom. The weather is better, the sun is out, and our clients are always on vacation! With social media, we now also get to see everyone else having fun while we are trying to remain focused at work. Because we grew up with summers off we are programmed to want that freedom. It is imperative that you don’t lose momentum and sabotage your goals and plans though. This will allow you to take even more time off throughout the year and even retire earlier. Here are some tips to help you remain focused:

  1. Review your goals and business plan every morning before you start your day. Review your why and visualize yourself at the end of the year not having achieved your goals. What would not remaining focused cost you? How would you feel? Continue to picture yourself out 1 year, 5 years, 10 years out to really feel the impact of not doing what you need to today on your future self.
  2. Cultivate more energy. For some this means more alone time. For others, they get it working out. Really identify what creates energy for you and schedule this into your day.
  3. Limit social media viewing IF it sabotages your focus OR if it creates envy or animosity as others are enjoying their summer fun.
  4. Evaluate your tribe. Ensure you have supportive friends and role models that support your goals not encourage you to abandon them for pleasure seeking activities that may derail you later.

We can all have fun and be successful simultaneously. It takes intention and work but it is possible!

New Episode on Mortgage Marketing Expert!

It has never been more important to work on who you are being then in a market like this. It is easier to check out then to push through your fears or worry. I highly recommend that you schedule in at least 30 minutes a day right now on personal growth to ensure you can handle the competition that exists right now and remain focused.

Take a listen to my latest interview on Mortgage Marketing Expert and gain some tips that have helped me through! Whether you are in Real Estate, Sales or Mortgage building a foundation to sustainable success is critical. Assess where you are now and build a new plan to ensure you have more predictability and consistency for your future!

How Can You Stay in Abundance When Business is Down?

Staying confident, and in abundance, when business is down is tricky. Abundance is an absolute belief or mentality that there will always be enough for you. It trusts that no matter what the circumstances, you will feel happy and successful. Abundance knows that you can adapt, work harder, or grow more to counteract any changes that may occur. It is also detached from outcomes. If the results of business are down, it doesn’t stress or worry. This mindset allows you to focus on gratitude, not fear.

When things are rolling and deals are closing it is easy to feel your life is abundant. However, if your prospects are down or not converting, it is just as easy to drop into scarcity. Scarcity is a mindset that most people have been programmed to have by society. It believes there is not enough, and if someone wins, someone loses. Scarcity envies others or makes excuses for why your business is off. It will complain, blame, and eventually drop you into self-pity; a state from which it is hard to recover.

So how can you stay in abundance when business is off? Use these tips and start cultivating more success now.

  1. Adopt an abundant mindset. Add I AM statements to review daily. Some examples are: I AM prospering, I AM confident, and I AM focused on opportunity. Write down what you feel abundance would say versus what scarcity would say in different circumstances. In this way when triggers or situations come at you, you’ll be ready to choose the right thought. Example: You lose a deal to a discount broker 90 days after working with a client. Abundance says: “Let them go. They weren’t my client. There will be bigger opportunities for me because I am disciplined and purpose driven.” Scarcity says: “I cannot believe I just lost that. They are terrible people and I hate discount brokers. How am I going to get clients when none of them are loyal?” We attract more of what we focus on, so I’ll let you choose which thought pattern is best here!
  2. Create a plan that increases the quantity of opportunities you generate. Because commissions per deal are high most salespeople do only the minimum they need so if anything falls out it is painful. This approach will often keep you close to scarcity. If you do two deals regularly and one falls out, your income drops by 50%. If you do ten deals and one falls, it is only a 10% drop. I am actually a fan of commissions being reduced, if only for this reason. If we made less per deal we would focus on more deals, and likely not hold on as tight which causes stress and anxiety. In my business I wanted 100 pre-approvals a month, knowing my lowest conversion rate was 25%. So at a minimum, I could close 25 purchases and never be affected if even five canceled or rolled.
  3. Assess how sustainable your success really is. Lots of people, when the market is hot, rates are low, or the economy is strong, can be financially successful. If you haven’t systematized or created your success by using a documented plan, deep down you probably realize it may not last. One market shift and it can disappear. Take a deep dive into your model for building referrals and opportunities, and if you can’t see predictable or scalable results, you must create a model that will produce them. You will sleep better at night knowing exactly how you generate business! You can continue to build in robust markets, but you recognize this is a compliment to your business. You don’t create a lifestyle or build your confidence around it.

There are many other things that will help you stay in abundance, but getting the right mindset, increasing opportunity in your business, and ensuring your model is predictable are the foundations to set you up for life!

How Can You Build An Extraordinary Brand?

I could write an entire book around branding but for ease let’s just think of it as your promise to your customers that you will deliver something different and highly desirable if they work with you. These are the things that you do better than your competition or things you do that your competition does not. This is also referred to as your Unique Value Proposition. To be of value, you must deliver on your promises consistently at every point of contact with the customer, time after time. While you will of course help all the opportunities that come your way, it is best to build your business and brand around your ideal clients. In fact, your marketing plan should be designed to target as many of them as possible. Every day you are speaking with clients and helping them, you are building your brand.

What Is A Brand?

Your brand is not just your logo or your look. It is the way customers or referral sources view you. Online testimonials are one of the best indicators of who you are and what you provide that is outstanding. When a prospective client researches you they want to find “social” validation that you are who you say you are. You must focus on building the right perception of your brand in the marketplace. If your service is a secret between you and your clients, then you aren’t building your brand and you are missing opportunities. That’s why you need to include asking for testimonials as a part of your Database System to ensure you are positively building your brand every day.

It doesn’t take a huge investment in marketing, but it does take some introspection and making a non-negotiable decision about how you want to be perceived. More clients are using the internet to find out about you before they choose to do business with you. Every post you make or testimonial you receive is accessible, so be mindful of what you post. It’s also true that every conversation you have is building your brand so keep anything negative or judgmental to yourself. I get a kick out of loan officers and Realtors® that fire clients on social media or brag about it. This behavior will diminish your brand and cause others to see you poorly.

Your brand is based on the perception of others not how you see yourself. You should constantly ask for feedback on what you can do better or improve. In addition to talking with your clients, conduct a semi-annual review with your referral partners and solicit their feedback. Sometimes your clients will tell them, rather than you, where you could have done better. Commit to making quick changes to correct any deficiencies.

Help For Building Your Brand

If your current system can’t automate brand building, choose a company like Reach 150 or Social Survey that can help build your brand for you. They will send out the testimonial requests on your behalf and then use those to remarket your services to other prospects. They can also share the testimonials on social media which enables your database and natural sphere of influence to also see the brand you are creating.

Even if you think you have a negative brand now because you had a few bad transactions or lost a few referral partners, you can change it. Perfection is unattainable 100% of the time but we can become committed to getting better and better. Make a decision today that you will remain committed to building a better brand for yourself.