Real Estate Agent Business Plan Template

When your starting out, you need to focus on getting your first 10 clients to say yes.You need to find 10 people that want you to be their agent. You need to get short, small wins before you tackle big wins.It's also about how many people they know and if they could become a source of referral business in the future.

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At the end of the day, it comes down to execution on these ideas.

And the execution really does differ if you’re just starting out.

Clearly defined goals with a number to hit will also motivate your competitive side.

Once you have three of these written down, it’s time to decide how you’re going to hit those numbers.

Or, they're part-timers, but they make even less money because it's very difficult to schedule customer contact and help when you have another job.

The one thing I can't stress strongly enough to new entrants into real estate practice is that you are independent contractors. Just because the law says or you choose to hang your license with a broker, you do not want to become only a piece of that broker's business and marketing.The final thing you have to do with your real estate business plan is put the nuts & bolts together.This is the section where you take your three big priorities and layout how they will be achieved.A huge chunk of new agents fail in their first two years.Their average commission income can't support full-time activity.Don't let your excitement and enthusiasm to get with a client right away keep you from the all-important business planning and budgeting tasks.The tools and instructions here will help you to focus on important business practices and get a fast start on building your prospect base without spending a lot of money.The next section of your real estate business plan template asks you to discover 3 priorities that can help you hit that goal.This is where you focus on things like social media marketing, postcard canvasing, farming techniques, and email marketing.Analyze what you hear with a question as to how it would work for a newbie.Just about any successful agent will tell you that your sphere of influence contact list is your most important asset. It's not just about how many people are in your contact list that may do a real estate transaction.

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