How to Be a Successful Real Estate Agent in 2021 With Tom Ferry & Patrick Ferry Episode 100

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How to Be a Successful Real Estate Agent in 2021 With Tom Ferry & Patrick Ferry Episode 100 by Mind Map: How to Be a Successful Real Estate Agent in 2021 With Tom Ferry & Patrick Ferry Episode 100

1. 19 What is the schedule behind the lead source?

1.1. video

1.1.1. How to Be a Successful Real Estate Agent in 2021

1.2. they underestimate the amount of time to do it well

1.2.1. Action vs preparation

1.2.2. Action vs preparation

1.3. Map out the ideal schedule for this lead source

1.4. Schedule

1.4.1. Preparation

1.4.2. Research

1.4.3. Skill development

1.4.4. hour of power time

1.4.4.1. Connect, Converse, Convert

1.4.4.2. 5 / Start with calling (or texting) five past clients or other centers of influence.

1.4.4.3. 5/ Then have five new conversations

1.4.4.4. 4/ Finally, have four lead follow-up conversations.

1.4.4.5. Hour of Power: Connect, Converse, Convert!

1.4.5. Follow up

1.4.6. Appointments

1.4.7. There is lot more

1.5. What is the best day and best time

1.5.1. for you

1.5.2. for your customer

2. 1 What do I do first?

2.1. How to Be a Successful Real Estate Agent in 2021

2.2. Identify a problem and figure out how to solve it

2.3. This is not an easy business

2.3.1. You will face more rejections

2.4. First 90 DAYS is so important

3. 2 Why can't some agents attract customers?

3.1. How to Be a Successful Real Estate Agent in 2021

3.2. The choice of Lead generation source

3.2.1. Channels

3.2.1.1. Open house

3.2.1.2. Internet leads

3.2.1.3. Zillow

3.2.1.4. Realtor.com

3.2.1.5. Sphere of influence

3.3. Equation

3.3.1. Buy Side

3.3.1.1. What is the value of the service

3.3.1.2. How we could make it a better experience?

3.3.1.3. How we could help them to navigate their decisions in today's market?

3.3.1.4. How we could help them to understand what financing is and How it works?

3.3.1.5. How can we help them understand what their options are today?

3.3.1.6. What is the most impactful things that i could share today with today's buyers

3.3.1.7. How I could make a better experience for the buyer and using the tools and resources that I have to level up the perceived value and make them have a great experience and win. Then you will win.

4. 7 Problem to Solve

4.1. How to Be a Successful Real Estate Agent in 2021

4.2. 10.000.000 AGENT AND THERE ARE 40.000 WATCHING THıs VIDEO

4.3. Leap frog the competition with solving the problems

4.4. Hause hacking

4.4.1. How I live for FREE by House Hacking and investing in Real Estate

5. 8 What are all the problems that buyer faces?

5.1. How to Be a Successful Real Estate Agent in 2021

5.2. Is it easy to find a house?

5.3. Is it easy to find a great agent that can negotiate on your behalf?

5.4. Is it easy to write an offer that's excepted?

5.5. Is it easy to get financing?

5.6. Is it easy to get best financing vehicle?

5.7. Is it easy to only look homes online?

5.8. Is it easy to buy an home during pandemic?

5.9. List this problems and solve them for the customer with a unique way.

5.10. What is the obvious ways that i could solve this? Before finding the unique way of doing it.

5.11. How many agents know to write a buyer letter?

5.12. How many of them know to use their buyers to create listings?

5.13. If I was the perfect buyer client for you what you do for me

5.13.1. Video

5.13.1.1. How to Be a Successful Real Estate Agent in 2021

5.13.2. Where is the experience

5.13.3. Consultation

5.13.3.1. with 10 projects

5.13.3.2. Has any one taken the time to show you

5.13.4. Add value

5.14. Example

5.14.1. Looking listings through online meeting with looking at the MLS

5.14.2. Going one more mile for the buyer

6. 9 Off market Value

6.1. video

6.1.1. How to Be a Successful Real Estate Agent in 2021

6.2. OFF Market VALUE will sky rocket in 2021

6.3. Two simple things

6.3.1. If my offer doesn't get excepted on a house

6.3.2. Call a friend that lives in that neighborhood and arrange a meeting with the potential client family and ask for a friend of their's is thinking to sell his property

6.3.3. Go back to 5 five years find the expired, canceled data base and call the agent that listed

6.3.3.1. 40+ Appointments Challenge: Turn Old Expires Into Listings

6.3.4. Find the rental properties and ask the owner

6.3.5. THE LETTER

6.3.5.1. The letter that my client wrote an offer on your neighbor's house

6.3.5.2. Video

6.3.5.2.1. How to Be a Successful Real Estate Agent in 2021

6.3.5.3. At scale

6.3.5.4. one example

6.3.5.4.1. 80 homes

6.3.5.4.2. 4 phone calls

6.4. Old Letter

6.4.1. How to Be a Successful Real Estate Agent in 2021

6.4.2. 16 offers

6.4.3. 1000 views

6.4.4. 180 people is waiting to buy a house here

7. 11 I need a boost of Confidence so find your Why

7.1. Video

7.1.1. How to Be a Successful Real Estate Agent in 2021

7.2. Find your Why

7.3. Problem you identified

7.4. What is the problem you solve?

7.5. What is the opportunity you provide ?

7.5.1. Cristina Martinez Example

7.5.1.1. How to Be a Successful Real Estate Agent in 2021

7.5.1.2. Sell your old house and buy a new one

7.5.1.3. We are siting on equity

8. 12 Real Estate is a long term investment and questions

8.1. video

8.1.1. How to Be a Successful Real Estate Agent in 2021

8.2. Questions

8.2.1. Is it your first house or last house

8.2.2. What percentage of your investments is in realestate

9. 14 How will the new rockstar agents leverage the resourses of the company and all the players

9.1. Video

9.1.1. How to Be a Successful Real Estate Agent in 2021

9.2. Create a good relation with the broker

9.3. Go interview all the players and make them your team

9.4. They want you to win

9.5. Make friends with every body

10. 16 Marketing Frame Work

10.1. Talk to the neighbors

10.2. Video

10.2.1. How to Be a Successful Real Estate Agent in 2021

10.3. Just listing just sold

10.4. We need to optimize our script for the ideal client not the jerk

10.4.1. How many offers

10.4.2. What is listed for

10.4.3. Want to know much it is sold

10.5. You are the absolute perfect person

10.6. Parts

10.6.1. 1- Get aligned with best possible prospect in that community

10.6.2. 2- Understand your customers journey

10.6.2.1. What they wanna know

10.6.3. 3- Two Skills / calm and confident

10.6.3.1. demonstrate that you are the local realtor

10.6.3.2. Be calm and address the most important think first

10.6.4. 4- Close

10.6.4.1. Close should be appropriate to the lead source

10.6.4.2. not hurry

10.6.4.3. Be appropriate base to the lead source

10.6.4.4. Where are they at the sales funnel

10.6.5. 5 The numbers of the lead source

10.6.5.1. How many call would you have to make?

10.6.5.2. Phases

10.6.5.2.1. Call phase

10.6.5.2.2. Appointment phase

10.6.5.2.3. Each lead source has different numbers

10.6.5.3. TOTAL ADDRESSABLE MARKET TAM

10.6.5.3.1. Video

10.6.5.3.2. Expired / Fsbo numbers

10.6.5.3.3. Know your numbers

10.6.5.4. Under perform agents

10.6.5.4.1. They do not know the numbers

10.6.5.5. Right expectations for the right lead group

10.6.5.6. 100 leads 3 clients and 97 you need to nurture, everything in this business is about nurture

10.6.5.7. Chet holmes ultimate sales machine

10.6.5.7.1. Play list

10.6.5.7.2. What is the percentage of the contacts are potential

10.6.5.8. How do we deal with the time wasters?

10.6.5.8.1. 20% of people just want your information they can do it with someone else

10.6.5.8.2. the Faster you could realize that, the faster you can ask the right question to not to spend any time with them and move on

10.6.5.8.3. Pipe line

10.6.5.9. psychology of the caller will effect the result / the belief about the lead source is the difference

10.6.5.10. Buyer journey

10.6.5.10.1. Where is your buyer in the pipeline

10.6.5.11. Video

10.6.5.11.1. How to Be a Successful Real Estate Agent in 2021

11. 18 Be realistic with numbers

11.1. video

11.1.1. How to Be a Successful Real Estate Agent in 2021

11.2. 100 emails if it's 1% you are a rock star

11.3. understand the numbers

12. 17 Understand the Buyer Journey

12.1. video

12.1.1. How to Be a Successful Real Estate Agent in 2021

12.2. It's not discussed a lot

12.3. Don't miss that 95% of the customers are in the research phase

12.4. Skill Set

12.4.1. Meet the client where they are based on the buyer journey

13. 20 Tools softwares and service providers

13.1. video

13.1.1. How to Be a Successful Real Estate Agent in 2021

13.2. Number one mistake

13.2.1. we buy the software or the service

13.2.2. we do not got the training

13.2.3. we do not create good relationship with the company

14. 21 Financial Goal

14.1. video

14.1.1. How to Be a Successful Real Estate Agent in 2021

14.2. How much money you are gonna make from this one lead source

14.2.1. SET the goal

14.3. If you want to be consistent, master a lead source

14.4. Create a financial goal

14.4.1. Use Tom Ferry business plan

15. Additional notes

15.1. Patrick Ferry

15.1.1. https://www.linkedin.com/in/patricktoddferry/

15.2. Watch the other episode with Patrick

15.2.1. Killer Buyer Conversion Tips (And Mistakes To Avoid) From A Rockstar Agent - #TomFerryShow

16. 22 Three Most Important things

16.1. Video

16.1.1. How to Be a Successful Real Estate Agent in 2021

16.2. Patrick Ferry

16.2.1. 1 Contact your network and learn the renters, owners and the ones who are about to invest.

16.2.2. 2 If you are new to a market go interview ten of the top teams teams and learn their lead generation system. Let them fund your ride

16.2.3. 3 Learn the market !!!!!!!

16.3. Tom Ferry

16.3.1. 1 Be the agent that open your MLS in and out

16.3.1.1. what are the correlations

16.3.1.2. SFR

16.3.1.2.1. single family residence

16.3.1.3. Learn the numbers

16.3.1.4. scan the mls

16.3.2. 2- 3-2-1 formula

16.3.2.1. 3 hours of marketting

16.3.2.1.1. Anything

16.3.2.1.2. Videos

16.3.2.1.3. Letters

16.3.2.1.4. Shake the tree

16.3.2.2. 2 appointments a day

16.3.2.3. 1 try to sign contract

17. 15 Call your sphere of influence

17.1. video

17.1.1. How to Be a Successful Real Estate Agent in 2021

17.2. Call them and list them

17.2.1. Do they own a home

17.2.1.1. John black O. (owner)

17.2.2. Renting

17.2.2.1. John black renter

18. 13 Study at least 2 hours

18.1. How to Be a Successful Real Estate Agent in 2021

18.2. Understand the world other wise you could not talk to people

18.3. Learning is a confidence builder

19. 10 Talk to the neighbors

19.1. video

19.1.1. How to Be a Successful Real Estate Agent in 2021

19.2. You have 60 days in the same neighborhood

19.2.1. You can find more listings from there

20. 3 What is your secret sauce?

20.1. How to Be a Successful Real Estate Agent in 2021

20.2. I am a good synthesizer

20.3. The new agent haven't buy enough houses to know how horrible the experience

20.3.1. It's too stressfull

20.4. My secret sauce is asking a lot of people about their opinion

20.4.1. can you share me the biggest horror story

20.4.2. What did you dislike most about shopping for a home

20.4.2.1. writing an offer

20.4.2.2. Moving in

20.4.2.3. closing it

21. 4 Value of a team

21.1. How to Be a Successful Real Estate Agent in 2021

21.2. I have been in many scenarios with the team

21.3. Team members could be your mentors

22. 5 The number one reason that people fail

22.1. How to Be a Successful Real Estate Agent in 2021

22.2. Either they try too many lead sources and they never go deep

22.3. At least master one lead source

23. 6 How do I get my first listing?

23.1. How to Be a Successful Real Estate Agent in 2021

23.2. Learn the people don't like why you don't like you.

23.3. Survay FSBO and expired them and learn the reasons

23.3.1. What was the number one reason you didn't list with an agent

23.3.2. The three reasons

23.4. then you will have a story