12 Things to Do in ’11
My good friend and noted real estate coach and trainer Darin Persinger (@DarinPersinger) of ProductivityJunkes.com asked me to give my input on a little project he’s putting together to help agents continue on their quest for greater productivity in the coming year.
Grossly condensing this, Darin asked me to provide a list of the 12 things I would recommend agents focus on in 2011 to improve their business. That being said, here are those 12 things:
- Measure Everything: “Father of modern management” Peter Drucker said this: “What gets measured gets done.” With that as the backdrop, start measuring everything you can measure. To kick this off, you should start the New Year with clearly defined income goals and then break those goals all the way back down to what you need to do on a DAILY basis to create what you want to earn.
- Be Accountable: Continuing the prior point, measurement is nothing without accountability. So, make yourself accountable to someone (ideally that would be your broker). This is huge. Goals + Accountability = RESULTS!
- Change Your Focus: Real estate has historically been a short-term, “transactional” game. As tech and Social Media become more prevalent, that’s changing. Stop thinking “short term/transactions,” and start thinking “long-term/relationships.”
- Get into Facebook: After ignoring this reality for as long as possible, I have to come clean and say that Facebook is the “must do” Social Media action plan for every Realtor. It’s too big, it’s too important, and there’s already too much evidence in place to show that it’s not only the future, but the “right now” go-to place to connect and meet with people. Start by going here and just devouring everything you can.
- Get into Video: 73% of all sellers want their Realtor to market with video, and yet less than 1% do. There is huge opportunity here for those who early adopt and differentiate themselves on this critical level. Read this and just make up your mind to “do video.” The learning curve is not nearly as steep as you might think.
- Create a Massive Digital Footprint: I firmly believe that the future belongs to the agents and teams who create the “biggest digital footprint.” That is, who do people find when they search for “name of your town real estate” on Google? And what real estate professional gets recommended when people ask their trusted networks on Twitter or Facebook? That simply MUST be YOU. And you accomplish this by creating a constant stream of valuable, free content via blogging, Facebook and Twitter.
- Limit Your Hats: Too many agents are failing because they’re trying to do too many things at once, and, as result, they tend to do many of those “too many things” poorly. Focus on a few things and do them well. Be honest: you’re confused right now, aren’t you? In points 4., 5. and 6., I’m clearly telling you to do MORE. And now, I’m telling you to do LESS, right? How do I reconcile these two conflicting messages? Read the next point.
- Find a Tech Savvy Broker: Instead of trying to be a great blogger (almost no one is), a great Tweeter (very few are) and a great webmaster (that’s a full-time job in and of itself), go find a broker who can help you with these things. As an agent, I would GLADLY give up a little bit of my income to have a broker help me to wear all the hats I need to wear to succeed in today’s dynamic real estate environment.
- Optimize Your Past Client Database: Most agents don’t do a great job of maintaining their past client database, and even fewer do a great job of leveraging that database to win new business. Use a CRM that allows you to do this, and make a commitment to staying in touch with the people you served well in the past. The most valuable asset you have is a happy past client. Don’t let that asset go underutilized.
- Give Everyone a Reason to Say “Thank You:” Noted author Gary Vaynerchuk (@GaryVee) of “Crush It” fame is about to release a new book called “The Thank You Economy.” The gist: people won’t hire you until you’ve given them a reason to say thank you. Think of anything and everything you can do to make people say “thank you” to YOU.
Crush It: Continuing the Vaynerchuk lovefest, there is just no getting around the fact that, in most cases, the person that works the hardest wins in the long run. People often think that technology allows us to work LESS. I don’t see it that way, and in fact it’s probably the opposite, because it takes so much effort to stay current and simply to do all the things we need to do to leverage technology (all the more reason to heed my advice at 8. above!). But there’s good news: for those that DO work the hardest AND leverage tech and Social Media the best, the relative payoff is HIGHER because of the exponential reach and effect of tech and Social Media.- Nail Down Your Bread and Butter Presentations: Make sure you have your listing presentation, your buyer’s presentations and any other important presentations absolutely perfected, and ideally in a cutting-edge manner (Prezi or, worst case, Keynote). I’d take that a step further and suggest you get an iPad and store those perfect presentations on the iPad. Given that the iPad has SO MUCH applicability to a transient, mobile business like real estate, I highly suggest you make the investment and buy one.
These are my 12 tips. I hope 2011 is a great year for you, in every respect!





Great list Michael! Many of these items are on a list I made as I help some of our Loan Officers plan for 2011 and beyond. The point about long term I think is most important, and not only with relationships. I have long made the joke that with marketing, it almost doesn’t matter what you do, you just have to keep doind it. People give up way too easily, so you need to pick plans of attack that you can keep up for the long haul. Success rewards consistency.
Appreciate all of your efforts, and those of Todd as well, in presenting great information here. I look forward to more of it in 2011. Happy New Year!
Michael …Our friend Darin asked me for my top 10 … here is what I sent him. Coincidence that our lists are so similar?
1. Know your numbers! And, be Accountable to them.
This is absolutely the most important thing you can do for yourself. If you don’t know your numbers and what you are after producing, you will DRIFT!. If you don’t know your numbers, you are an amateur. And, there is no reason to spend money, etc. if you don’t know what numbers you are working towards. Memorize your numbers, share them with others, and be prepared that if anyone asks you at anytime what they are, you can answer them in 10 seconds flat. How many appointments, How many listings, How many sales, Annual income number for 2011
2. Call 5 relationships per day
Past clients especially but anyone in your database. Stay in touch! Offer help (Refinance, Tax Protest, Free CMA, Social Media advice, etc.) when you call.
3. Identify 5 powerful people you can be an offer of help to by helping them achieve what they are after.
Help others first…but be strategic about it. Choose wisely for the sake of the Law of Reciprocity. Help first. Ask second.
4. Use BaseCamp to manage your strategic projects
This requires setting strategic projects for the year. What projects are you going to take on? What action items are required. Who will do the action items? All of this can be managed in the BaseCamp technology. If you don’t have a project management tool, how will you know what to work on outside of the obvious daily activities?
5. Time Block your calendar.
Your calendar should never have blank spaces. Block time to work on what you have identified as action items just as you would block time for showings, closing, listings appointments, etc. Your calendar should be blocked in a way that when you wake up in the morning, your calendar will tell you what to do for the day.
6. NEVER leave the office until you have set an appointment with 1 new prospective client.
More than 1 is great, but the practice is “I don’t ever go home without having set a new appointment”. This needs to be for five days minimum…six days is better!
7. Build your Strategic Social Network.
They key word is “Strategic”. WHO is in your Network and WHY? Categorize your Network into Lists. Beyond the obvious make sure to note who you want to build relationships with this year. Who will you model after? What areas of help do you need to fulfill your goals? These are people you will want to include in your Network as well. Know who you want your network to be … you can’t be successful alone …especially in today’s fast-paced technology-driven environment. So, build a tight Network of professionals and people around you. It’s easy with social media and social tools.
8. Be UNcomfortable!
Learning something new is rarely pleasant…it feels uncomfortable so this year get used to being uncomfortable — because you are after learning new skills. The skills required to be successful in real estate are changing–and changing FAST. Much of what has worked in the past in terms of lead generation, communication, customer service, etc. will not work in the future. Or at least, our old way of doing business won’t produce the same returns as in the past. You will have to become Tech-Savvy (which doesn’t mean being a geek or a guru..just the basics is usually enough). A tech-savvy agent understands the basic social media platforms and how to use these platforms as social marketing tools. The TS agent will know WordPress as the new website and will create and manage content to drive new business in the digital age. Identify WHAT you need to learn, Identity WHO you will learn it from and add what this to your strategic project list for 2011.
9. Specialize.
Choose a Niche. In the age of information overload, you will be more valuable to a customer the more you have deep and relevant knowledge of a specific area of help. Then, you can blog about your expertise and differentiate yourself. Once you are an expert in one domain, only then add another. You can no longer be a “Jack of all Trades” and be successful. Consumers want knowledge…not showing and listing agents (those days are over). What is your niche for 2011? A particular neighborhood? Short Sales? Downtown condos? Investment property? And, then … How will you tell your marketplace about your niche?
10. And, finally. Choose the right Broker.
Moving forward, the broker you choose will have a impact on your success. Times have changed! We are now in the Digital Age … with Digital consumers wanting Digital information and ability to transact Digitally. This is too much for one isolated real estate agent to keep up with, pay for and offer by themselves. Ask your Broker to step up to the plate and participate so that you can compete in this market and win.
2011 will be the year for Change. Lead the change, don’t be at the mercy of it. It’s a good life …kw
Kirsstina,
Amen!
Todd