Down in the dumps? This whole real estate market thing got you rethinking your life and career?
Well now you can GET out of the Funk with these 5 Steps.
Step 1:
Quit. By far the quickest solution to end this turmoil for you may be to just quit the business and move on to other things. I remember sitting in a Mike Ferry Seminar in 1990 or 1991 in Palm Desert California. The previous year had been a trying one for many agents. When asked about the failure rate being so high ( touted at about 80%) Mikes quick answer was " more like 90 to 95% as 10 to 15% of the agents are out of the business they just don't know it". Is that you? Are you one of the 15% that don't know you are out of the business?
Step 2:
Shore up your funding. One of the sure recipes for failure is to cut back on expenses that create business. Things like Advertising, and exploration of new business. When business slows down the cost to create it goes up. If you do not take the steps necessary to create that new business you will fail. Now is the time to shore up that funding. Be it through a personal loan or home equity line of credit, you must keep the cash flow coming to create future income streams.
Step 3 :
Pay attention. Do you know where your business comes from? Are you an informed individual, reading publications and reports that effect your industry? If not, then how will you decide who or what to make those expenditures to? What is the hottest segment of the market now? Do you know? Or are you still marketing in a segment of the market that is in the dumps?
Step 4 :
Accountability. Review, rewrite and take action on your goals. Enlist someone from outside your inner circle of confidants to help keep you focused. People love successful people. More than that, often times people love to be involved with others success. Preferring to live vicariously through others rather than taking those frightening steps themselves. " I taught him everything he knows".
Step 5 :
Avoid the Sap! Negativity is far too sticky. Stay away from the negativity. No single thing you do today will serve you better than getting away from the doom and gloomer's. It is too easy to commiserate rather than produce.
The previous five steps was taken from a seminar I attended from my lender Tammy Wittren of Northwest Mortgage. The Speaker was Ken Perry of Broker Knowledge Group. Ken is a very entertaining speaker I would definitely recommend him for your next event. You can reach Ken by email at ken@brokerknowledge.com
Be sure also when considering your next loan or refi. to give Tammy a call at 503- 452-0001.
And as always when you are thinking of Real Estate in the greater Portland Oregon Metro area be sure to
" Call Herb and Start Packing !" 503-515-8889 or
stop by Portland_Real_Estate_Web_Site and let your next home find you.
Search Portland Oregon Homes For Sale Right Here
" A Real Estate Transaction with Herb is one YOU will Profit from "
I'll start with #1 then maintain #5 for the rest of the year
GREAT INSPIRATION! I love Ferry - and he really does tell it like it is!
Dear Herb,
Thanks for the insightful post. I work "#5 like crazy!
;)
Ahh the short cut method then. I like it. GLTY Travis.
Herb, going to step #5, every cloud has a silver lining right? Spin it in to an opportunity and away you go. This is what all these REO agents have done lately...
Eleanor, Always something to learn and be inspired by.
Betina, Good for you. Thanks for stopping by.
Aaron, Absolutely.
Herb, way to many saps out there. Keep it upbeat cause we are both too old for #1.
I enjoyed your post. Too often people become discouraged and do not know how to fix it- I think you have offered some excellent advice.