Pain Points & Solutions
Does the constant competition frustrate you?
As a new realtor, do you feel frustrated by not receiving a bigger market share and having fierce competitors who get all the big fish?
What if we told you it is just a symptom of a greater problem?
Competition is an important part of the real estate market, and especially healthy competition is beneficial for the market. However, trying to keep up with the competition can be daunting for new realtors.
Here are some ways to eliminate frustration
Establishing relationships and networks
The key to success in real estate is who you know and who knows you. Real estate professionals aren't successful without connections. Networking is not optional - it is a necessary skill. The key to networking success is not being an extrovert. Because introverts are often better listeners and focus more on quality conversations, they can make the best networkers. Being pleasant and passionate strengthens your connection effectively. After making a connection, be quick to follow up on the connection. Call them back within a few days, and offer to meet for lunch or invite them to your office.
Building your brand and being consistent
A recent survey by the National Association of REALTORS found that 82% of agents with annual income of over $150,000 have their own websites in addition to the profile pages on their brokerages' sites. Being an effective brand can make a world of difference for your business and is vital for increasing real estate referrals. Branding today refers to the features that will distinguish your services from those of your competitors. A basic brand may consist of a logo and colors, but as you develop your brand further, you may also have to consider other aspects such as your voice, messaging, writing, or even typography.
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Having a technological mindset
Technology-enabled real estate agents can offer cutting-edge data, automation, artificial intelligence, and transparency solutions in their business practices. While selling, buying or renting a home, being able to access data and automation can provide a greater understanding of the real estate market.
Create a website that showcases the services you can provide as well as an online presence for potential buyers. This way, you can make a great impression on other agents even if they are more experienced than you are. In addition, having a mobile-friendly websites are not simply a bonus, they are a necessity.You can lose your real estate marketing efforts if your website is not optimized for mobile devices.
Take advantage of social media to stay ahead of the game
Make sure to establish a strong social media presence to reach a broader audience. Being active on social media is an important aspect of staying up-to-date on current trends and technologies and it is your best chance at staying ahead of your competitors.
Blogging can demonstrate your thought leadership
People often seek out content that is interesting, informative, and relevant. 47% of buyers reviewed 3-5 pieces of content before engaging with a sales representative, according to Demand Gen Report. First, you need to put something of value in the hands of someone who wants to contact you. For instance, your knowledge. You should include blogging as part of any real estate marketing strategy.
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