Topics: Recruiting, Brokerage Profitability, Business plan, Goal Setting, Real Estate Business Plan, Mindset, growth, real estate broker, real estate brokerages
What is growth potential and why is it powerful?
Topics: Recruiting, Brokerage Profitability, Business plan, Goal Setting, Real Estate Business Plan, growth, real estate broker, real estate brokerages
Topics: Agent Profitability, Team Profitability, Brokerage Profitability, Goal Setting, Success, Mindset
Welcome to our new series called 'Profiles of Profitability Success'. In it we want to share knowledge and insights on how to build a profitable business by interviewing the best and most successful people in the industry. This month, we will be profiling the Salt Fowler Team.
After going through our Team Profit Analysis process, we discovered that Gord Fowler and Lisa Salt are number one in just about every single category we have, and notably in category: Team Leader Net Profitability. To gain more insights watch the interview here:
Topics: Profiles of Profitability Success, Agent Profitability, Team Profitability, Brokerage Profitability
Before designing a compensation program it is important to first identify who your customer truly is before you start recruiting. I believe that many Brokers do not have a defined outline of the REALTOR® they want to attract. Given the challenges of recruitment, Brokers tend to be seduced by the physiological win of a new heartbeat as opposed to being focused on acquiring the right REALTOR®. The result is often the development of compensation programs designed to attract them on price.
Topics: Recruiting, Brokerage Profitability, Real Estate Compensation Plan
Often when I ask a Broker to role play and try to recruit me as an agent, I find the following fundamental challenges in their approach:
They do not have an agenda.
They do not ask any (or enough) questions.
They try to tell me too much, which is overwhelming.
They focus on price primarily.
If they discuss value, it is not focused on what I want or how it benefits me.
Let's tackle the first observation.
Topics: Recruiting, Brokerage Profitability