Starting your journey as a new real estate agent is super exciting and totally nerve-wracking at the same time. I mean, who doesn’t want to jump into a world of high commissions, flexible hours, and endless freedom, right? But let’s face it, without the right guidance, it’s all too easy to screw up big time. That’s why I’ve compiled a list of the four career-killing mistakes new real estate agents make. Avoiding these should keep your career on the path to success instead of doom.
1. Choosing the Wrong Brokerage
First up on our list is picking the wrong brokerage. I’m talking about joining a brokerage that doesn’t align with your values, work ethic, or goals. Trust me, the difference between being signed under a small, established brokerage versus a large franchise brokerage is vast. The onboarding experience and training you get are so different. Some people need a lot of training in the beginning and some people just want to get to it. What I’m trying to say is, finding the right brokerage is critical because the right brokerage can provide the support you need in those early months to make it in the real estate world.
How to Find the Right Brokerage
Finding the right brokerage is like finding your favorite pair of jeans—it takes some time and a bit of trial and error. But once you find the right fit, it feels amazing. Here’s what I did:
- Know yourself. Are you an independent spirit who thrives on flexibility? Or do you need some hand-holding (not the bad kind, you perv) and training? Figure out what kind of agent you want to be.
- Research local brokerages. What’s their culture like? What kind of training and support do they offer? Are their values in line with yours?
- Make a must-have list. What’s non-negotiable for you in a brokerage? Training programs, a strong online presence, a good commission structure? Write it down!
The takeaway? Choose a brokerage that aligns with your career aspirations and personal style. The right fit will make all the difference.
2. Not Activating Your Sphere of Influence
If you don’t activate your sphere of influence, you’re missing out on a gold mine of potential clients. Seriously, your friends, family, colleagues, and acquaintances are more than just people who will listen to you complain about the weather—they’re your first line of business in this new career.
How to Activate Your Sphere of Influence
Alphabet prospecting is the way to go. This means contacting people in your phone whose last names start with a specific letter each week. Let’s say the letter A this week:
- Hey, how’s it going? Did you know I just got my real estate license?
- If you ever need help with anything real estate related, or know anyone who might, let me know!
It’s personal, easy, and not salesy at all. I had a few people in my contacts who weren’t even in my immediate circle reach out and ask me for help with their real estate needs. Go figure!
3. Not Offering Anything Unique
If you’re not offering something unique to your clients, you might as well be another grain of sand on the beach. In a world where everyone is trying to be the go-to agent, it’s important to carve out your own niche. But wait, doesn’t that mean that I need to know more about the real estate world first?
Not really. Here’s the thing: you don’t have to know everything. You just have to know something. And that something can be based on your own experience or interests. Are you a new grad and young millennial who loves walking around town taking photos of homes? How about creating content that helps first-time homebuyers? It’s a crowded space, yes, but you know what nobody loves? Paying rent. Why not share a few tips on how to get that rent deposit back? Are you really into staying fit? Perhaps you want to work with health-conscious buyers and sellers who want their home to reflect that lifestyle.
How to Stand Out
So how do you stand out in this crowded field? It’s simple—be yourself. Here are a few tips:
- Find a niche that resonates with you.
- Build a brand around that niche.
- Develop specialized marketing materials.
- Network with professionals in that niche.
- Create content that educates and engages.
Your unique offering is what will set you apart from the competition.
4. Launching Your Marketing in the Wrong Order
This mistake is actually easier to make than you’d think. When you’re a new real estate agent, there’s so much to learn and do. You’re probably knee-deep in figuring out your brand, setting up your website, and trying to understand the MLS. It’s a lot! In all that chaos, it’s tempting to dive into social media marketing before you have a solid website up and running. But here’s why that’s a huge mistake:
Your website is your digital storefront, and you can’t launch a killer marketing campaign without it. If you’re sending people to your social media profiles instead of a well-crafted website, you’re missing out on a critical opportunity to convert those visitors into leads. Plus, without a central hub for all your marketing efforts, you’re just throwing spaghetti at the wall and hoping something sticks.
How to Launch Your Marketing the Right Way
So how do you launch your marketing in the right order? Here’s a simple checklist:
- Step 1: Build a high-functioning website.
- Step 2: Create a lead magnet (e.g., a buyer’s guide, neighborhood report).
- Step 3: Develop a landing page with a lead capture form.
- Step 4: Start driving traffic to that landing page.
- Step 5: Nurture those leads with email marketing.
When your website is ready, your marketing efforts will be so much more effective.
Starting your real estate career can feel like taking a leap of faith into the unknown. But with the right strategies, you can avoid some of the biggest pitfalls that trip up new agents. From choosing the wrong brokerage to launching your marketing in the wrong order, these mistakes are easy to make but crucial to avoid.
By finding the right fit, activating your sphere of influence, offering something unique, and launching your marketing in the right order, you’ll be well on your way to building a successful, fulfilling real estate career. So take a deep breath, trust your instincts, and remember, every mistake is just an opportunity to learn and grow.
Now, go out there and sell some houses!
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