Listingsmarket shiftnegotiationUncategorized 11 December 2023

Accepting Offers Contingent on the Sale of a Buyer’s Property – A Caution and Opportunity

Surfing the market

Surfing bad conditions makes you a better surfer.

The landscape of the real estate market is no stranger to volatility. It operates in constant flux, and as we currently find ourselves riding a less-than-ideal wave, it’s imperative for both consumers and real estate agents to adapt and evolve. Prices are on a downward trend, interest rates are rising (though showing signs of stability), inventory is limited, and the number of sales is experiencing a decline. In these challenging times, both buyers and sellers must navigate the market strategically, and one interesting development is the resurgence of conditional offers.

But don’t worry. Learning to surf in difficult conditions makes you a better surfer!

Conditional offers, once again gaining prevalence, offer a silver lining amid the market’s turbulence. For buyers, it provides an extended window for inspections and thorough due diligence. Sellers, on the other hand, benefit from a potentially less stressful process, as conditional offers often lead to higher completion rates. However, the specific condition of a buyer selling their existing property requires careful consideration.

Accepting offers contingent on the sale of a buyer’s property is not inherently negative. It signifies the buyer’s commitment and financial capability to finalize the purchase. Yet, given the current market conditions, real estate agents representing sellers need to approach such offers with a discerning eye. In these situations, it becomes crucial to delve into the buyer’s motivations and the property they intend to sell.

When faced with an offer contingent on the sale of the buyer’s home, thorough questioning becomes a key element of due diligence. Conversations with the buyer’s agent should include probing questions such as:

  1. Details of the Backup Property:

   – What is the style, condition, and overall desirability of the backup property?

   – Is it a style favored by current buyers in the area?

  1. Location and Market Trends:

   – Where is the backup property located?

   – Is it in a stable, growing, or declining area?

   – What are the property’s shortcomings, and how might they affect its marketability?

  1. Listing Information:

   – Is the backup property already listed on the MLS?

   – If not, when is the planned listing date?

  1. Market Performance:

   – If listed, how long has the property been on the market?

   – What is the average time on the market in that location?

  1. Pricing Dynamics:

   – What is the price of the backup property, and how was this figure determined?

   – Request to see comparable sales data and the rationale behind the pricing.

  1. Marketing and Interest:

   – How many showings has the property had?

   – Have there been any offers, and if so, why were they not accepted?

In short, is it a good bet?

By addressing these questions, a comprehensive picture of the buyer’s property and its market standing emerges. This due diligence is essential, especially in a slower market where properties may linger on the market for an extended period. Real estate professionals must weigh the potential risk and time involved in the sale of the buyer’s property against their seller’s needs and circumstances.

In an environment where quick sales are not guaranteed, it’s no longer prudent to accept an offer without a thorough evaluation. The slowdown affects everyone, and the fate of the buyer’s property becomes intertwined with the success of the overall transaction. Agents must act as informed navigators, ensuring that the acceptance of a contingent offer aligns with the best interests of their seller clients.

Furthermore, real estate professionals should encourage transparency and assertiveness in negotiating timelines. If a buyer’s property is not yet listed, establishing a clear schedule for its listing becomes imperative. Additionally, understanding the pricing strategy and the marketing efforts undertaken for the backup property offers insights into its market viability.

In essence, the acceptance of an offer contingent on the sale of a buyer’s property demands a comprehensive risk assessment. The days of relying solely on hope for a quick sale are gone. Real estate agents now play a crucial role in safeguarding their clients’ interests by delving into the intricacies of these contingent offers, ensuring that each decision is well-informed and aligned with the unique dynamics of the current real estate landscape.

While the real estate market may be experiencing a downturn, it’s essential to recognize the opportunities within these challenges. Conditional offers present a valuable avenue for both buyers and sellers, but their success hinges on meticulous evaluation and strategic decision-making. As we ride this wave of market fluctuations, embracing a proactive and informed approach will undoubtedly position real estate professionals and their clients for success in the long run.

Looking for guidance on how to best advise your clients? I’d be happy to coach you through it. Email me and let’s set a time to chat.

coachingmarket shiftmotivation 14 September 2023

Navigating Market Shifts: How Resilience Leads Real Estate Agents to Success

In the world of real estate, change is the only constant. Markets shift, economic conditions fluctuate, and client expectations evolve. In these uncertain times, especially when facing a market shift, real estate agents often find themselves que

stioning their future prospects. However, it’s important to remember that success in this industry, as in life, comes to those who are resilient. Let’s delve into the challenges real estate agents may encounter during market shifts and offer both moral and tactical guidance to help you not only survive but thrive in any real estate climate.

The Unpredictable Nature of Real Estate Markets

Before we discuss resilience and its role in achieving success, let’s acknowledge the unpredictable nature of real estate markets. From the Great Recession of 2008 to the unprecedented changes brought about by the COVID-19 pandemic, the real estate industry in Peterborough and around the world has faced its fair share of challenges.

Market shifts can manifest in various forms, including:

  1. Economic Downturns: Economic recessions or slowdowns can lead to decreased property values and consumer uncertainty.
  2. Technological Advances: The rise of real estate technology platforms can disrupt traditional business models.
  3. Changing Demographics: Shifts in population trends and demographics can alter housing demands and preferences.
  4. Regulatory Changes: Alterations in local or national real estate regulations can, and often do,  impact the way you do business.

The Resilience Factor

In the face of these challenges, success often comes down to one’s ability to adapt and persevere—qualities embodied by resilience. Resilience is not just about bouncing back from adversity but also about thriving in the midst of it. As a real estate agent navigating a market shift, here’s why resilience should be your guiding light.

The Role of Resilience in Real Estate

  1. Maintaining a Positive Mindset

Resilience starts with maintaining a positive mindset. In a shifting market, it’s easy to succumb to negative thinking and fear. However, successful real estate agents see challenges as opportunities to learn and grow. Instead of dwelling on setbacks, focus on what you can control and seek solutions.

  1. Adapting to Change

Market shifts require adaptability. Real estate agents who succeed during these times are those who are willing to adapt their strategies and embrace change. This might mean exploring new marketing techniques, adjusting pricing strategies, or offering innovative solutions to clients’ needs.

  1. Building Strong Relationships

Resilient real estate agents understand the value of strong client relationships. During market shifts, trust becomes even more crucial. Stay transparent with your clients, communicate regularly, and offer them the support and guidance they need to make informed decisions. A loyal client base can weather any storm with you.

Tactical Approaches to Success

While resilience is crucial, it’s also essential to have a practical plan for navigating market shifts successfully. Here are some tactical approaches to complement your resilience:

  1. Diversify Your Portfolio

During market shifts, diversification can be your safeguard. Don’t rely solely on one type of

 property or one market segment. Spread your investments across different property types, neighbourhoods, or even geographical areas. This reduces your vulnerability to market-specific challenges.

  1. Stay Informed

Knowledge is power in real estate. Stay informed about local and national market trends, economic indicators, and legislative changes that could impact your business. Consider furthering your education through relevant courses and certifications to stay ahead of the curve.

  1. Leverage Technology

Embrace technology as a tool to enhance your productivity and client service. Invest in user-friendly real estate software, leverage digital marketing strategies, and learn to use the latest AI tools to help you to showcase properties to potential buyers.

  1. Streamline Your Operations

Efficiency is key in any market, but it becomes paramount during shifts. Streamline your operations by automating routine tasks, optimizing your workflow, and delegating tasks where possible. This will free up time for more strategic activities.

Moral Support for Real Estate Agents

In addition to tactical advice, it’s important to recognize that resilience often relies on moral support. Navigating a market shift can be mentally and emotionally draining, and having a support system can make all the difference.

  1. Seek Mentorship and Find a Coach

Consider finding a coach who has experienced and successfully weathered market shifts. Their guidance, experience, and advice can be invaluable in helping you make informed decisions and maintain your resilience.

  1. Connect with Peers

Networking with fellow real estate agents facing similar challenges can provide a sense of camaraderie and shared experiences. Online forums, industry events, and local real estate associations are great places to connect with peers.

  1. Self-Care

Never underestimate the importance of self-care. Maintaining your physical and mental health is essential for resilience. Exercise regularly, practice mindfulness, and make time for activities that rejuvenate you. And just get more sleep!

Case Studies: Resilience in Action

To illustrate the power of resilience, let’s examine two case studies of real estate agents who successfully navigated market shifts.

Case Study 1: Maria’s Market Pivot

Maria, a seasoned real estate agent, faced a challenging market shift during an economic recession. Rather than giving in to despair, she decided to pivot her business model. She specialized in distressed properties, becoming an expert in helping people navigate tough markets, both as sellers and buyers. Her resilience, adaptability, and focus on building strong client relationships helped her not only survive but thrive in a difficult market.

Case Study 2: John’s Technological Transformation

John, a traditional real estate agent, saw his business threatened by the rise of online real estate platforms. Instead of resisting the change, he embraced technology. John invested in a user-friendly website, adopted virtual property tours, and utilized AI tools to help him build his social media marketing. His resilience in adapting to the digital age not only preserved his business but also allowed it to grow in new and exciting ways.

In the world of real estate, “success comes to the resilient.” The ability to adapt, persevere, and maintain a positive mindset in the face of market shifts is what sets apart the most successful real estate agents. Remember that resilience is a quality that can be cultivated and strengthened over time.

As a real estate agent, you have the power to shape your destiny, regardless of market conditions. Embrace resilience as your guiding principle, stay informed, adopt new strategies, seek support when needed, and never stop learning. By doing so, you will not only weather market shifts but also emerge stronger and more successful than ever before.

If you’re struggling and looking for help, reach out to me, I’m here to help.

 

motivation 14 August 2023

Motivation and Discipline in Real Estate Success – It’s NOT What You Think

Motivation isn't what you thinkIn the fast-paced world of real estate, achieving long-term success requires a unique blend of personal drive and consistent effort. The concept of intrinsic motivation, paired with unwavering discipline, forms the cornerstone of a real estate agent's journey to prosperity. In this post, I'll delve into the symbiotic relationship between intrinsic motivation and discipline, uncovering how this powerful combination can propel real estate agents towards unparalleled success.

Often, in my coaching discussions, I hear from agents that they "just don't feel motivated", or, "I can't seem to keep it going", meaning their momentum. When I ask them about how they think they get motivated, most will talk about waiting for motivation to inspire them. Some will talk about needing to get pumped up by watching a favourite YouTube video or listening to a great speech. While I see value in these, and do them myself from time to time, I like to remind people that motivation doesn't come from any external sources. You can feel inspired by one of these things, of course. But true motivation, in my opinion, comes from within your own mind as a result of your own successes.

Understanding Intrinsic Motivation

At the heart of a real estate agent's journey lies the concept of intrinsic motivation. This psychological phenomenon refers to the internal drive and satisfaction derived from accomplishing tasks that resonate with one's personal values, interests, and goals. Intrinsic motivation is distinct from external factors like monetary rewards or peer recognition. It emanates from the deep-seated gratification of consistently working towards and achieving one's ambitions.

In the context of the real estate industry, intrinsic motivation becomes a force that propels agents to rise above challenges and exceed their own expectations. Whether it's securing a difficult deal, expanding their network, or honing their skills, the sense of accomplishment achieved through intrinsic motivation fosters an unbreakable cycle of growth and progress.

The Role of Discipline in Building Motivation

Discipline serves as the crucial foundation upon which intrinsic motivation is built. Agents who commit to a disciplined routine of essential tasks like prospecting, networking, continuous learning, and self-improvement cultivate a sense of control over their outcomes. This sense of control is pivotal in fostering intrinsic motivation.

When agents witness the tangible results of their disciplined efforts, it creates a profound sense of accomplishment and progress. These results might manifest as closed deals, an expanding client base, or heightened expertise. This inherent satisfaction becomes a driving force that fuels the motivation to persistently move forward.

The Self-Reinforcing Loop

The beauty of the synergy between intrinsic motivation and discipline lies in its self-reinforcing loop. The discipline to take consistent actions breeds results. These results, in turn, amplify the intrinsic satisfaction of the agent, igniting a stronger desire to continue disciplined actions. It's a cycle where each component feeds into the other, creating a perpetual momentum that propels real estate agents towards success.

Unlike externally imposed motivations, which often wane with time, intrinsic motivation stands the test of adversity. When agents find genuine fulfillment in their efforts, even the most challenging external circumstances become surmountable hurdles rather than insurmountable obstacles.

The Role of a Real Estate Coach

Real estate agents can greatly benefit from the guidance of a skilled coach who understands the dynamics of intrinsic motivation and discipline. A coach helps agents recognize that their success is within their grasp, empowering them to embrace the journey with enthusiasm and self-assuredness.

Coaches play a pivotal role in emphasizing the importance of discipline, guiding agents to structure their routines and set clear goals. By instilling discipline, coaches enable agents to take consistent steps towards their objectives, ultimately fostering intrinsic motivation.

Moreover, real estate coaches facilitate a shift in focus from short-term rewards to long-term fulfillment. Agents begin to understand that their journey is not solely about monetary gains but about creating a deeply gratifying and purposeful career. This shift in perspective magnifies the power of intrinsic motivation, driving agents to strive for excellence even in the face of challenges.

At The End of The Day

In the realm of real estate, success isn't solely determined by market trends and external factors. It's shaped by an individual's commitment to disciplined actions and an unwavering belief in the power of intrinsic motivation. As real estate agents align their efforts with their personal values, interests, and goals, they set the stage for a rewarding journey characterized by continuous growth and achievement.

In the hands of a skilled real estate coach, this journey becomes all the more transformative. Coaches impart the wisdom of discipline and intrinsic motivation, enabling agents to take control of their destiny and find purpose in every step of their career. The combination of intrinsic motivation and discipline is the driving force behind the stories of real estate agents who transcend the ordinary, proving that success is not just a destination but an ongoing evolution fuelled by the fire that burns within.

Looking for some help in your business? Please, reach out to me, I truly want to help.

 

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Uncategorized 15 May 2023

Blades and Boardrooms: Unleashing Iaido’s Secrets for Business Triumph

I’ve talked before about my interest in, and long-time practice of, iaido. It’s a personal journey that I started on many years ago – almost by accident. I was looking for kendo, but the closest club I could find was in Toronto and that was simply too far to go for regular instruction and practice. Having done some karate as a youth, I knew that self-practice and ‘training on my own’ just wouldn’t cut it. By chance, my wife found a local iaido instructor for me and I thought I’d try it out. I’d never heard of it, but it looked intriguing. More than 13 years later, I’m still learning.

One of the offshoots of this training, probably because I started later in life, was that I found parallels between the practice of iaido and other parts of my life. I’ve noticed that I tend to have a more holistic view of the world as I grow older. When you’re a child, you look at everything in silos. I’m going to school now. I’m doing my chores now. I’m going to karate class now. In between, we tend not to think of the silos. 

As I’ve gotten older, I see that everything is connected. 

I’ve been in the real estate industry since 1996 and the psychology of sales and the philosophy of martial arts became more and more linked as I’ve learned about each.

In the realm of martial arts, the art of Iaido stands out as a discipline that combines grace, precision, and mental fortitude. As I delved into the intricate movements and philosophies behind this ancient Japanese practice, surprising parallels emerge between the world of Iaido and the realm of business. Both require discipline, strategy, adaptability, and focus. In this blog post, I’ll explore a little of how the principles and mindset cultivated in Iaido can be applied to the dynamic challenges and opportunities encountered in the business world.

  1. Discipline and Mastery  

In Iaido, discipline and mastery are fundamental. Practitioners spend years honing their techniques and perfecting their form. Similarly, in the business world, discipline is the cornerstone of success. Entrepreneurs and professionals must commit to continuous learning, refining their skills, and expanding their knowledge base. Just as a skilled Iaido practitioner develops muscle memory through countless repetitions, business leaders must dedicate themselves to developing expertise in their respective fields. As one of our sales people puts it, “You have to put in the reps to get good at it. Just put in the reps.”

  1. Presence and Focus  

One of the central tenets of Iaido is achieving a state of presence and unwavering focus (called seme and zanshin). The practitioner must be fully immersed in the moment, aware of their surroundings and ready to respond instantaneously. In business, being present and focused is equally vital. The ability to concentrate on the task at hand while remaining aware of the ever-changing market dynamics is crucial. Just as a successful Iaido practitioner anticipates the opponent’s move, business leaders need to be proactive and stay ahead of their competition.

  1. Adapting to Change  

Iaido teaches practitioners to adapt to changing circumstances. The art emphasizes the need to adjust one’s technique and strategy depending on the opponent’s actions. Similarly, in business, adaptability is key. Successful companies and entrepreneurs embrace change, proactively adjusting their strategies to meet evolving market conditions. Those who resist change may find themselves outmaneuvered and left behind, much like an Iaido practitioner who fails to adapt to their opponent’s unexpected moves.

  1. Strategy and Timing  

Iaido places great importance on strategy and timing. Each movement in Iaido is deliberate and calculated, designed to maximize efficiency and effectiveness. In the business world, strategy and timing play an equally crucial role. Entrepreneurs and business leaders must make informed decisions, considering market conditions, customer preferences, and competitive landscape. Just as an Iaido practitioner carefully times their strikes, business professionals must seize opportunities when they arise, utilizing a well-thought-out strategy.

The parallels between Iaido and the world of business are striking. Both demand discipline, focus, adaptability, and strategic thinking. Just as a skilled Iaido practitioner masters their art through dedication and practice, successful business leaders forge their path through continuous learning, resilience, and adaptability. By drawing inspiration from the philosophies and principles of Iaido, entrepreneurs and professionals can enhance their performance, embrace change, and navigate the challenges of the business world with grace and resilience.

 

Listicle 6 February 2023

Four Things I Learned from Star Wars That Every Real Estate Agent in Peterborough Should Know

Space Station for SaleStar Wars is a timeless classic that has captivated audiences for decades with its engaging characters, thrilling adventures, and powerful themes. Beyond its entertainment value, the Star Wars universe is also full of valuable lessons that can be applied to the world of real estate. Here are some of the key takeaways that every REALTOR® should keep in mind.

1. Embrace change

In Star Wars, change is constant. The heroes and villains face new challenges and obstacles that require them to adapt and evolve to succeed. In the business world, change is also inevitable. Agents that can embrace change and adapt to new market trends and customer needs will be the ones that thrive.

2. Build a strong team

The heroes of Star Wars succeed because of the strength of their team. From Han Solo and Chewbacca to Rey and Finn, the characters in Star Wars understand the importance of working together to achieve their goals. In business and in real estate, a strong team is key to success. By fostering a positive and supportive work environment, REALTORS® can cultivate a team of motivated and dedicated partners who will help drive their company forward.

3. Believe in yourself and your vision

The characters in Star Wars are all driven by their beliefs and their vision for a better future. Whether it’s Luke Skywalker’s determination to save the galaxy or Darth Vader’s twisted ambition, these characters demonstrate the power of belief in oneself and one’s goals. In business, it’s important for agents to have a clear vision and to believe in their ability to achieve it. This self-belief will inspire confidence in others and help to keep everyone focused on the end goal.

4. Be persistent and never give up

The journey to success in Star Wars is never easy, but the characters never give up. Whether they’re battling the Empire or facing down the First Order, they always persevere and keep fighting. In real estate, persistence and determination are key to overcoming obstacles and achieving success. Real estate agents must be willing to work hard and make sacrifices in order to reach their goals.

Star Wars is a rich and complex universe that is full of valuable lessons for business owners and REALTORS®. By embracing change, building a strong team, believing in oneself and one’s vision, and being persistent and determined, you too can achieve great success and leave a lasting legacy. May the force be with you!

5 January 2023

My Journey to Coaching in the Real Estate Community in Peterborough

Coaching graphic

The year was 1996.

  • Dolly the cloned sheep was born
  • The Top Song was Don’t Speak by No Doubt
  • The Movies to Watch included: Jerry Maguire, The English Patient, Michael and Mars Attacks!
  • Red Bull energy drink entered the US Market
  • Doug Lytle got his real estate license

Ever had one of those life changing experiences that you look back on and just think, ‘What the hell was I thinking?!’

I have. It involved a little classified ad in the paper that I found after graduating from Sir Sandford Fleming College. I was 21 years old and looking for work. I saw a very small, very innocuous ad with the simple question: Ever thought of a career in real estate? Why no, I hadn’t, as a matter of fact. 

Indeed, I had absolutely no idea what a real estate agent actually did. My parents had owned a number of homes and we moved quite often when I was a child, but, as all children are, I was only involved on the periphery of these moves. My exposure was limited to packing my stuff and getting in the car and helping to unpack. I had very little say in the matter and was completely unaware of the process or any details of the sales.

What I did have was a recent certificate in Entrepreneurship from college. That and a bit of an entrepreneurial spirit that I inherited from my mother. She’d run a small goat farm, a dog breeding business, and had run a high producing cosmetics sales team over the years, so I’d at least seen some of what a business owner goes through. Her father was also a business owner – after a career working for the city of Scarborough, he’d moved to a small rural community and started an oil burner service company. 

So, responding to that little classified ad, I went for an interview with Carl Oake, venerated local real estate mogul. Carl was polite to this kid with long hair and absolutely no experience with real estate ownership. He told me a bit about the business and what Century 21 did, and most importantly, how agents get paid. I was intrigued.

I called my parents and talked it over with them and after a further discussion with my girlfriend, now my wife of over 25 years, I decided I’d give it a try. I was young enough that a failure wasn’t going to be fatal and I could always try something else later. So I cashed in my savings bonds, left to me by my godmother, and went to get my education in real estate.

I started with Century 21 Carl Oake Ltd. in February of 1996. And I was a failure.

But I didn’t quit.Doug pull quote take on new challenges

There were so many great people at this company that truly wanted to help me. Too many to name, but they helped me. They’d add me to a listing, or share a buyer lead with me and I’d work on these as best I could. But I still wasn’t having any success on my own. 

I had one prospect say to me, “You’re just a kid! What do you know about real estate?!” What I wanted to say was, “Hey, I’m the guy with the license and the best available education, that’s what I know”, but I didn’t say that. I kept my mouth shut and took it. Man, was I ever insulted by that guy. I’ve never forgotten that, and I’ve never said anything so uncouth to a young person just getting started.

And so it went for about a year and a half. Stumbling along, taking courses, and trying to get started. I nearly left the business. Then, one day, a gentleman named Bill Pyle stood up at our sales meeting to talk about this thing called ‘commercial real estate’. Bill was a company man through and through. He had so many leads that he was leaving business on the table. He simply couldn’t handle the number of requests he was getting. He knew it wasn’t good for the company to have that image of not following through and he wanted to do something about it. When Bill approached Carl about this, Carl suggested that he talk about it at the next meeting and see if anyone was interested in learning more. So that’s what he did, and it changed my life.

After that meeting I approached Bill and asked how I could get involved. He sized me up pretty quickly, a young guy with zero commercial real estate experience and next to no real estate experience at all, and suggested that I go get yet more education. So, I went back to the Ontario Real Estate Association and took an elective course titled: Introduction to Commercial Real Estate. My mind was blown. I’d heard of this thing in the first course to get my license, but it was literally a short video clip of three people on an escalator pointing at something off-screen with a voice over that said, “And there’s this thing called commercial real estate, but back to selling houses”. I wasn’t prepared for the journey I was about to embark upon.

When I got back to the office after that course, the very first thing I did was go to see Bill and ask, “What next?” Foreshadow: this was about to become a theme.

Bill handed me a yellow sticky note with a name and phone number on it and told me that this lead was looking for some industrial space and I should call them to set a meeting. So that’s what I did. I headed to my office, made the call, set the appointment, and then headed back to Bill’s office. 

“What next?”, I asked.

He looked a little dumbfounded, fumbled with some more notes, and handed me another yellow sticky note. “Call this one. They want some retail space. See if you can set an appointment.” So I headed back to my office, made the call, set the appointment, and then headed back to Bill’s office.

“What next?”

He laughed a little and told me to cool my jets and work on these two first and we’d see how it went. Well, it went pretty well. Over the next several months, Bill brought me on more and more appointments. On one particular listing appointment for some vacant retail space that needed to be leased out, he simply introduced me to the property manager as his partner. 

We split everything 50/50 for the next 13 years. Really.

I like to say that we changed the face of Chemong Road. We brokered deals for Chemong Park Plaza – the new owners took on a complete remodel and updated the plaza, the new Walmart, the Shopper’s Drug Mart, and the Hyundai dealership deals for the sale of their old location and the land deal for their new one, among other things like retail leases up and down the strip. 

We sold most of Neal Drive one year. The UPS warehouse, the old Canadian Tire warehouse, buildings once owned by Nefab, and other industrial properties, among some rather large scale industrial leases.

We did development projects from Petawawa to Windsor and institutional sales like convents, churches, and large school campuses. 

I found my groove. More importantly, I found my mentor and a big brother. Bill taught me so much about the real estate industry and he taught me more about being a man.

  • Lesson one, in all of life and business: Always start with questions. Don’t assume anything and don’t take it personally. Ask questions. Learn what you can about your client’s needs and then, and only then, offer solutions.
  • Lesson two: If the thing you want to say in the heat of the moment won’t add to the solution or if it will inflame someone’s anger, don’t say it. If you feel like you ‘just have to say something’ because you’ve been wronged, this rule especially applies. If it won’t add to a solution, don’t say it. This is called, ‘Taking the high road’.
  • Lesson three: Life is too short for a$$holes. If you don’t have a value match with your would-be client, you’re in for a bad time. Cut ‘em loose and move on. 
  • Lesson four: Take more time off. We went from working all the time to taking at least six weeks of vacation each per year. Every time we doubled our time off, our income doubled. You do the math.

For years we worked on and in our business successfully. And then it happened. We were denied an opportunity to even bid on a project because we were seen as too small. ‘You’re with a residential company, why would we even give you the RFP?’ Then the market fell apart in 2008/9. I nearly left the business again.

At this time, an old friend of mine, Richard Whitney, whom I’d taken my real estate courses with years before, reached out and strongly encouraged me to stay in the business. So after some soul searching and discussion with my wife and Bill, I decided to leave Century 21 and start another company with my old friend. Again, my learning took off. I’d never owned a company before, I was just a sales guy. This was new! And we did some business and had some serious fun doing it. 

After some time, though, I was approached by yet another brokerage to see what I had in my plans for the future. Would I be interested in coming to manage their company? Interesting, I thought…

Again, more discussion with my partner and my wife, and I took on this new challenge. And again, my learning exploded.

In this new role, I had to recruit agents to a largely residential real estate company with offices in three jurisdictions. I grew that company by about 35% in a year. But recruiting was the hardest thing I’d ever done in real estate. Also, in this new role, I had to train and mentor our existing agents – something I hadn’t done before, but I took it upon myself to learn how. I lifted ideas from my own mentors and devoured everything I could about training and mentoring residential agents and, somewhat surprisingly to me, individual productivity went up across the company. It was working.

Then, in 2013, another opportunity arose. I learned that Century 21, the company I’d started at, had lost its manager. I approached Carl and Constantine, the broker of record at the time, and told them that they needed me. Bold move, eh? But it worked and I’ve been managing here since then. I have to say, it was like coming home when I arrived back at C21.

Here’s the interesting part, while I was at my last brokerage as a manager, I was approached by agents from other offices who’d heard about my work, and asked if I would coach them. I was flabbergasted. Utterly flattered and floored. Never in my life had someone asked me for this kind of help. I was actively trying to learn about coaching and was applying what I’d learned to our staff, but to have someone bypass their own manager and go outside like this? What the what? 

Naturally, I took this on too. Note: I’m starting to see a pattern in my business life. Take on the new challenges when they come knocking, but have a plan to abandon them if and when necessary.

So that’s how I got started coaching. Part of my pitch to Carl when I went after this job, was that I could coach agents and help them grow their productivity. It was a long journey from my start in real estate to becoming a coach. But that’s who I am now. A coach. I can’t believe it took me this long to realize that this is who I should have been all along. But I suppose you can’t skip steps. If I hadn’t taken that circuitous route, I wouldn’t have arrived at this point. 

The year is now 2023, and it’s been quite the ride to this point.

I can’t tell you how much satisfaction I get from coaching business people, in particular real estate agents. Working with someone who actually wants to get better, but needs someone to hold them accountable and to help them find what it is that they need to do to get better at what they do.

I don’t reinvent the wheel with my agents; I take a look at what they’re already doing, and together we just make it better. Sometimes, oftentimes actually, that means stopping doing a lot of things that just don’t add to the bottom line but ‘feel’ productive. It usually also means just getting a little bit better at a small number of things. Getting over rejection, learning how to overcome objections, and disconnecting from the outcome are where the real magic happens.

I simply love doing this job!

January 5, 2023 – Doug Lytle, Managing Coach

 

niche marketing 28 June 2022

Building Your Real Estate Niche

Introduction

Niche Marketing

Photo by John Schnobrich on Unsplash

Niche marketing is a powerful tool for businesses of any size and in any industry. It refers to the practice of specializing in a particular service, product or market and is valuable because it allows professionals to focus their efforts and resources on a small but specific area of business. A well-thought out niche can help professionals gain momentum quickly because they’re able to address customers’ pain points with compelling, relevant content. Fortunately for real estate professionals, identifying and leveraging your niche can have positive results on your bottom line. Yet many agents struggle to find an angle that will allow them to stand out from the crowd without turning off prospective clients in their local areas. Here’s how you can get started building your own real estate niche and reap the rewards of this powerful marketing tool:

The Power of Niche Marketing

Niche marketing is a powerful marketing strategy that can help your business stand out from the competition and build a loyal customer base. With this guide, we’ll teach you how to find your niche and create effective marketing campaigns that attract buyers in droves.

What Is It?

Niche marketing refers to targeting a specific group of people with your product or service. By doing this, you will be able to build up loyal customers who want to buy from no one but you. While it may seem counterintuitive at first since there are so many other businesses selling similar products nearby, niche marketing has proven itself time and time again as an effective way for businesses make more money than they otherwise would have been able to do if they were trying harder just sell everything under the sun instead of focusing on building relationships with customers who value what they have offer enough for them to pay more for it.

Why Niches Are a Great Fit for Real Estate Professionals

As a real estate professional, you know there’s no shortage of competition in the business. But niche marketing is a great way to stand out from the crowd and build your brand as an expert in your local market.

This tactic works because it allows you to target the type of buyer or seller that responds best to your services. By narrowing down who you’re selling to, you can focus on building relationships with those clients instead of wasting time chasing after prospects who aren’t right for what you offer.

In addition to being more efficient, niche marketing also builds trust and credibility with buyers and sellers who prefer working with professionals they know will deliver results—and likely create an opportunity for repeat business from referrals or new prospects in similar markets looking for someone like them!

If you want more business, find your niche.

Your niche is the area of real estate you’re most interested in. This is the place where you can become an expert—the place where you know more than anyone else and can offer something special to your clients. It’s also a great way to stand out among other agents who may be working with similar properties.

If you want more business, find your niche.

How to Find Your Real Estate Niche

Your real estate niche is an area of expertise in the industry that can be applied to a specific type of buyer or seller. To determine your niche, ask yourself:

  • What are you good at?
  • What do you like to do?
  • What do you want to do?
  • What do you have a passion for?
  • What do people ask for advice on?

How to Build a Small Business Real Estate Niche

The first step in building a small business real estate niche is to find a niche that you are passionate about. You should also consider a niche that is underserved, an area where there is no clear leader. For example, if you want to sell property management software but there are already several companies offering this type of service, then maybe it’s not worth your time to start another one.

However, if you notice that there aren’t many companies providing appraisals for commercial properties or office buildings and most of your competitors only provide appraisals for residential homes (or vice versa), then this might be an opportunity worth exploring!

Once you have identified the perfect market for what you do next comes building expertise in it—the best way to do this is by educating yourself on everything related to your chosen field so that when someone does come calling with questions about how you can help them out or even just wants advice about something remotely related, they will know exactly where they can go get answers from someone who has been studying these topics already! This knowledge base will make customers feel confident enough in choosing who their provider should be while also increasing trust between both parties involved.”

Build a Website

  • Build a Website
  • Create a Blog and/or Newsletter
  • Get Listed On Search Engines and Directories
  • Get Listed On Social Media and Real Estate Sites

Start Networking Now

As a real estate agent, you understand the importance of networking.

Networking is consistently rated as one of the most effective ways to build your business and generate leads. It’s also an activity that can be done on a regular basis, if you make the time for it.

But before you start going out and attending networking events, there are some important things to keep in mind:

  • The first step is making sure that you’re ready to attend these events—and actually want to go! This means having great communication skills, being interested in others’ stories and experiences (it’s not just about selling yourself), not being afraid of rejection or failure (everyone starts somewhere), etc. If any of this doesn’t sound like something you’re comfortable doing yet then I recommend building up some more confidence before heading out into the world as an aspiring real estate agent looking for clients—though don’t wait too long because time flies by quickly!
  • After taking care of those basics comes finding opportunities for getting involved with local associations where others will be interested in learning about what it takes from someone who knows firsthand how hard it was working their way up from scratch; these groups include Rotary Club International Foundation Fellowship Program Scholarships which provides grants through local chapters worldwide specifically targeting minority students who have demonstrated excellence academically but lack financial resources necessary towards completing degrees at accredited institutions such as Harvard University–one example among many potential options depending on location/interests.”

Conclusion

As the real estate industry evolves, more and more agents and brokers are choosing to niche down. Becoming a specialist in your field will help you give your clients a better experience, deepen your relationships with your community, and allow you to focus on the kind of transactions that excite you most. Whether you’re just starting out or have been in the business for years, there’s no time like the present to find a niche that works for you!

 

coachingcoachingcoachingcoachingcoachingcoachingcoachingcoachingListingsNew 24 June 2022

New Ideas to Get Listings

Ok, the title might be a bit misleading. These aren’t actually ‘new’ ideas, but perhaps you haven’t heard some of them

Photo by Nick Fewings on Unsplash

before.

I recently watched a Tom Ferry video podcast on this topic wherein he had a number of top producers from across North America share what’s working for them right now to continue to get new listings. If you want to watch the whole thing, it’s here: https://youtu.be/l7ZoiVO1cJ0

Most of what I heard was: it’s time to go back to basics! What’s old is new again: calling your sphere, open houses, direct mail, circle marketing around other listings, etc. When the market shifts, agents go looking for new ideas to help them in hopes of finding ‘the next big thing’ that will make it easy for them to continue to grow their businesses, but in reality, it’s the old things that work in every market and especially when it gets tough.

There were, however, a few ideas that really stood out to me. They were either new to me or they were twists on the tried and true.

So here’s 5 (plus a bonus tidbit) things you can do right now to grow your business in any market:

Up Your Listing Presentation Game!

Are you a new agent? Like every agent ever, you need to have a killer listing presentation. When a seller is considering entrusting you with their home sale, you’d better be able to articulate your value. The best way to do that is a presentation that covers all of the things you’re going to do to get them the best price and to answer all of their other questions in a simple to follow plan. The only way to get good at your presentation is to practice. So here’s what you do:

Call your friends and family and ask them for help. Don’t ask them for business! The goal should be to speak with 5 per day and set 2 appointments. Here’s what you say: “Hey, Aunt Janet. I could use a big favour…are you busy tomorrow evening? …. I need to practise my listing presentation, and I could use your critique so I can get better at it. In exchange, I’ll give you an evaluation of your home. What do you say, can you help me practise?”

The idea isn’t that Aunt Janet is actually going to sell her house. You’re going to get some practice in and get better at what you do. The side benefits are that you get to practise doing CMA’s (evaluations), and you’d be surprised how many times your contact will say to you, “Wow! I didn’t know you did all of that! I actually know someone who’s thinking of selling…you should talk to them!”

Do Something Good for a School in Your Farm Area

If we’ve spoken before about geographic farming, you know I think this is a great way to grow your business for the long term. It’s a long process, but one that has a potential for massive returns if done well.

Here’s an idea to add to your efforts. If there’s a school in your area, offer to buy their sports teams new jerseys. Don’t put your logo on them! You heard me, this is not a promotional opportunity. This is an opportunity for you to do something great for your local community. The person who talked about this idea on Tom’s video said that it returned business in spades BECAUSE they weren’t pushy about their branding. The school took it upon themselves to put up a plaque thanking the team for their contribution and the parents took note. Then the phone started to ring. I like this one!

Stop Selling!

This one isn’t so much a tactic as it is advice to tone it down a bit. The market isn’t so hot right now, so stop bragging about your successes or how you’re yet another #1 Agent. Stop it.

Aren’t we all a little tired of seeing posts like: Call me, I’m the #1 agent in Peterborough! Or Just Sold for WAY over the asking price! What does that even mean; that you don’t know how to accurately price properties?! Consumers are wise to this (they always were), so it doesn’t help.

Ugh. Enough.

Instead, be genuine, be yourself, talk about the truth of the market and how you’re continuing to support your clients. Don’t brag, but give folks an insider’s look at what you do. Stop selling, and start showing how you help.

Just Sold Cards

You heard me, postcards to the neighbourhood where your listing just sold. This tactic has been around for, literally, decades and it still works! Let’s ramp it up though.

Let’s ramp it up a lot.

Instead of the same old boring postcard you sent before, add a QR code to the back that goes to a property specific page for that sale. Now, the reason that QR codes are sometimes looked at as useless is that they point to pages that just say the same thing as the mailer or flyer that directed the user there in the first place. That’s just dumb. What you should be doing is using the QR code to provide access to something they can’t get elsewhere. Some sort of additional and useful content like video or extra links.

In this instance, you send them to a site specific page with a video of you talking about that particular sale. Talk about what the challenges were in marketing that property and how you solved them. In the video, encourage visitors to read the article you’ll place below the video.

In the article below the video, talk about your process for marketing a listing. Talk about the unique challenges that you and your clients are facing in today’s market and how you’re overcoming them. Educate – don’t sell.

Be sure you get written permission from the parties to the transaction if you’re going to use anything that would identify the property, the details of the transaction, or the parties involved of course. But even if you can’t get that permission, do your best to talk about your process in general terms. Be authentic and help people understand how you added value to the deal.

Add a contact form to the bottom of the page and encourage people to reach out if they know anyone who could benefit from your unique process and insight into their local market.

Equity Check

This is a twist on another great old idea. You’ve probably heard of the ‘Home Check’ or the ‘Updated Market Evaluation’ tactic of setting appointments with your past clients to update them on the price of their home and to see if there’s anything you can do for them. It’s a great way to stay in touch with folks in a very personal way and I think it’s a vastly underutilised method of business building.

What this method relies on, is appealing to the owners’ healthy greed around the increased (hopefully) value of their home. Lots of people who aren’t ‘in’ the real estate market just don’t know what the value of their property is, and are often pleasantly surprised to see that they may be sitting on a lot of untapped cash. When the market is rising, this works very well.

When the market drops a little, even if overall they would make money when they sell, sellers are often disappointed to learn that the house may have sold for more a few months ago. This new twist tries to take that ‘loss’ out of the equation.

Instead of looking at what the house will sell for, why don’t we simply address the increase in equity the seller might realise if they were to sell – regardless of what the market is doing. This way, you can use the Equity Check in any market to stay in touch.

Here’s what I mean.

Let’s say they bought the house, a bungalow in the west end of Peterborough, 7 years ago for $350,000. In February of 2022, the house may have been sold for $1,000,000. Yeah, it was that crazy. Now, that same house in June of 2022, may sell for $850,000. On paper they ‘lost’ $150,000. This isn’t the case, of course. Since they didn’t sell the house, they never had that money to begin with so they didn’t lose anything.

In fact, they’re UP $500,000! $850,000 – $350,000 = $500,000 in additional equity. If you add this to the amount of existing equity they have in the home, you can arrive at their total equity position which is actually far more meaningful than the potential sale price anyway.

Original sale price less down payment and total principal repaid plus increase in value = total equity.

Really, the most important metric should be total equity since this represents their actual real estate wealth at the time. So give this a try – call your past clients and set some appointments for Equity Checks.

Bonus Idea

Photo by Martin Katler on Unsplash

And finally, a bonus idea. A tag-on idea, if you will.

Holding an open house at a luxury listing? Why not see if the local luxury car dealer would bring some of their finest product to the open house and do a joint venture? Have them set up several models of cars at the open house and you both promote the event in advance.

Imagine pulling up to a luxury listing and finding some well dressed sales reps from Mercedes or Ferrari there showcasing the lifestyle associated with living in a home like this? Dynamite!

objection handling 5 November 2021

The Contradiction of Too Much Choice ~ or ~ How My Sensei Would View Objection Handling

As some of our agents at Century 21 United Realty Inc. know, in addition to a coach and manager at the company, I am a student (though lately, not such a good one…that’s another story) of iaido. Iaido is a Japanese martial art involving drawing and cutting with the sword.

From the Wikipedia article:

The term “iaido” approximately translates into English as “the way of mental presence and immediate reaction.”

Over the years since I’ve been involved with this study, I’ve moved more and more from the pure technical side of the art to the more philosophical side. The physical training is always the basis of training, but the other more esoteric parts are increasingly important to me.

As I continue to learn and experience iaido, I see more and more how it affects my day to day life and can be reflected in so many parts of life and business.

Recently, my sensei’s sensei wrote a piece that he shared on his Facebook profile about restricting choice and how, in the long run, it might actually be beneficial to our ability to respond to a number of situations. It really got me thinking about how agents routinely look for ‘magic’ scripts as though knowing yet another script will make their jobs easier.

Taylor Sensei has previously granted me permission to reprint his essays and articles, so I present here his article (emphasis added by me) and below that, my take on how it relates to real estate. I would love to hear your thoughts!


Restricting Our Choice – Kim Taylor, 7th Dan, Renshi, Iaido

First published on Facebook on Nov 4, 2021

Last evening in Jodo it suddenly struck me that the kata are not there to expand our choices when attacked, they are there to restrict them.

Musashi says “strike from the void”, and others say Mushin (no mind) or Fudoshin (free moving mind, immovable mind) but what happens when we walk toward our opponent with no thought at all, relying on a technique to show up.

It usually shows up for me.

But I play with the Pamurai (Pamela Morgan, 5th Dan, Iaido), and she’s highly trained. Her attack comes expertly, in an accurate line to a vital spot. In other words, it comes like the kata, like what I expect. Not which attack, but once it happens, in a way that is familiar to me. I pick a response from amongst a limited number of responses. And then I declare, “see, like this, don’t get in your own way”.

But I sometimes follow up that first movement with any number of techniques I have picked up over 40 years of Aikido, Jodo, Tanjo, Western Cane fighting and other things that are so far back in time that I’ve forgotten. Not the techniques, they appear, but their names.

And sometimes these techniques run into each other, especially if Pam doesn’t do anything to trigger a reaction from me. In other words, I look for a technique and I find too many of them. Which do I pick? This is not mushin, this is not the void, this is hunting around in a library for something to read. Too much choice.

Hence my sudden thought last evening that the kata are designed to strip that library down to a small few books on a shelf. Pick one, they are all good books, and you can start reading instead of aimlessly wandering, picking up and putting down too many books in search of the one that is “just a little bit better”.

Musashi, at the end of his life, settled on five techniques which are usually called by their initial kamae (stance). Chudan, Jodan, Gedan, Hidari Waki, Migi Waki. These are middle, upper, lower, left and right sides. What else is there? You can combine them, upper right, lower left if you wish, but the kata do that. And the kata, they are repeats of those first kamae. Start with chudan, avoid the strike to your sword, go to Jodan and counterattack through to gedan, then finish by going through hidari waki gamae to cut upward into the ribs or the wrist.

It’s a simple method, uncluttered once you figure out how to wave two swords around independently but coordinatedly. Practice long enough and you will have a “good enough” technique appear at need. It may not be the best, most elegant technique ever developed by man, but it will be good enough.

I teach the same way when I teach cane self defence, KISS, Keep it simple, stupid. The last thing you want to do upon being attacked is to get fancy. What if your attacker doesn’t do what you need him to do to apply the fancy move. Better to just hit him hard. Musashi happens to agree with me, he told us that no matter what we are doing, defending, adjusting, whatever, never forget that the goal is to hit your attacker. So hit him.

But simple techniques applied well sounds like boxing or Kendo, we want the fancy stuff right? We want more and more complex kata because they are amusing. I am as guilty of that as anyone else, I did my kata collecting, that’s how I ended up with so many choices. It wasn’t a bad thing, it taught me that there is always something you can do. After all, if there was a single, unbeatable attack or combination of attacks, we would all be practicing that. But knowing a hundred kata, three hundred, just taught me that I knew five different variations on a single kata, that they weren’t five kata, just one, even if there were five names and they were from five different schools. KISS.

And so I had my fun, and so I sometimes go off into strange places, and so the students say “But that isn’t the kata” before I get to say it.

There’s a balance between knowing hundreds of techniques and the fun that gives us, and knowing that what we really want is to be very good at smacking the opponent in the head. Hard.


Relating This To Real Estate And Objection HandlingDoug Lytle, Real Estate Coach and Manager, 2nd Dan, Iaido

When every new real estate agent gets their license, they (should) go through some additional, intensive, training. They don’t really teach new agents how to run their business, set goals, deal with showings, how to make a presentation, or how to deal with the inevitable objections that we get.

That’s where I come in. My job as a coach and manager at a large real estate company is to make sure that every new agent we hire gets the very latest training from either me, or another member of our management and admin team. After that, they need ongoing coaching and updates to their training.

When it comes to objection handling, I think there’s a lot of confusion about what it really means. We can’t, and shouldn’t try to, convince someone to buy or sell a piece of real estate, that’s not our job. When we begin a relationship with a new client, we assess their needs and put together a plan to help them achieve their goals. 

Their goals; not ours. We don’t convince them, we help them get to their own stated goals. Along the way, however, there will be objections. Let’s be clear: objections are almost always unanswered questions. We sometimes haven’t demonstrated our value or our process well enough yet, and we need to use ‘objection handling techniques’ to better inform our clients. Not ‘make’ them sign a contract that they didn’t want to sign in the first place.

Here’s where I start to compare Taylor Sensei’s musings to real estate. Just as kata are a way to practice potential responses to dangerous situations with the danger removed, role playing objection handling techniques is a way for agents to practice scenarios before they happen. Wouldn’t it be great to know the exact secret phrase necessary to calm a would-be client so that they magically understand what your value is?

The reality is that no such thing exists. I know – crazy right? There are literally thousands of books out there that purport to teach exactly this. ‘Learn my secret phrases and you too can make millions in real estate!’ But, in practice, it’s nearly impossible to learn all of the scripts and know exactly how to implement the perfect response in the moment.

You need to develop Mushashi’s philosophy of attacking from the void. There are really only about 6 objections we hear. There may be variations, but every objection is some form of:

  • We want to sell it ourselves.
  • Will you lower your commission?
  • The other agent said the house was worth more.
  • We want to wait.
  • We want to fix it up first.
  • We have a friend in the business.

And there are literally thousands of responses to these 6 objections. Do you need to know them all? No. Really, all you need to know is how to position your responses.

Practice your kata enough times, collect enough of them, and when you’re attacked, you stop trying to find an appropriate counter-technique. You simply respond from the void and hit him on the head. 

Practice the process and the scripts to handle the limited number of real objections you’ll hear, and when you’re faced with one, you won’t have to hunt your memory for a response; you’ll respond from the void and the handler will simply be there. 

As Taylor Sensei said: There’s a balance between knowing hundreds of techniques and the fun that gives us, and knowing that what we really want is to be very good at smacking the opponent in the head. Hard.

PS – Interested in learning how you should be handling objections? Give me a call and I’d be happy to chat with you.

19 October 2021

Why Is Calling My Sphere So Awkward?

If I had a dollar for every time I’ve heard, “I’d rather call strangers!”, I’d be in a good position to retire early. Three times in the last week agents have said this to me. I’m flabbergasted.

What’s going on here?

Calling your sphere (SOI) really is the easiest path to real estate success. These are people you know and who know you on a first name basis. They know you and like you. They want you to succeed! The crazy part is, when I ask agents about their fears, they know that their SOI wants them to succeed and yet they still hesitate. So I ask again, what the h-e-double hockey stick is going on?

It’s probably your approach. Sorry (not sorry). You’re doing it wrong and that’s why you won’t make the calls.

Now I know that’s quite the claim, but if you can’t tell me a good reason, I’ll bet it’s because you feel like you’re bugging people. That you feel as though you’re begging for business. That you’re using your using your personal relationships for personal gain, and you feel dirty because of it.

Am I right? I’ll bet I am. I’ll bet you feel ‘snaky’ when you’re making the calls and that’s why you don’t want to make them ever again.

Here’s the problem as I see it. You were probably taught, when you first started in the real estate business, that all you need to do is call everyone one you know 4 times a year and you’ll make the big $$$. You were told to call them, but not how to call them. Or perhaps you were given a script and all it said was to call and check in on them and then ask for a referral at the end of the call. “I’m always open to referrals!” What this says to me is, “I’m always open to free money!” No wonder you hate making those calls; I would too!

Want to hear the dirty truth? You’re right. You heard me, you should feel snaky about it because you were being dishonest the last time you called them. Yeah, I said it. You didn’t want to ‘check in on them’ or ‘see how they’re doing’, you want business from them. And that’s ok! Asking for business is ok.

Just be honest about it.

Be honest and provide something of value first. Get the business part of the conversation out in the open right away, and when that’s done, then talk about the personal connection. Then ‘check in on them’. But do that at the end of the call. I know that this is completely counter to everything you’ve heard from other coaches out there, but trust me, this will make this process so much easier. When you can call someone and share real value with them and talk business honestly, then their perception of you will rise. Now you’re calling with something meaningful for them. Now you’re adding value. And, of course, you care about the person on the other end of the line – so have that personal connection after the business is done.

You feel snaky because you’re being dishonest. Stop it. Be upfront about the reason for the call. Get permission to talk business, deliver real value, ask for the referral and then, and only then, be personal.

Is this a magic solution? No. It still takes time to get over phone hesitancy and, like any skill, you need to practice. Trust me when I tell you though, this really is the way to make your business what you’ve always known it could be.

If you’re interested in getting more specific details on what, exactly, to say on the phone, reach out to me and I’d be glad to share some ideas.

 

Image by Gregg Jackson from Pixabay