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Edward Torres

So Much to Do....So Little Time!!

By: Edward Torres
Tuesday, February 13, 2007 10:12 PM

This business has been very tough! We have so much to do! Now we have blogs, search engine optimization, websites, marketing, follow up, feedback, showings, CMA's, prospecting and the list goes on. We are also getting bombarded with the "gurus" or "experts" with the promises of being first on the search engines, the promises of leads, the promises of webtraffic, the promise of working 10 hours a week for 6 figures, etc... It just doesn't end. It clearly is draining and could be extremely time consuming. The facts are the facts: Getting belly to belly with your clients(new or old) or prospects is the only way to increase your business. We still have to work to increase the pipeline but it gets overwhelming. I really enjoy this business and am doing fairly well. Some clients think we are paid too much or others may treat us like the plaque it get's tiring at times. I dedicate a good percentage of my day thinking about my listings, my clients, my website etc. and there are times clients think we don't do enough. We also have families to support, love and spend time with. Anyway regarding my post: This is a great venue to network, give advice, receive advice, and vent. I want to personally thank everyone that is contributing to this community and it provides a breath of fresh air. And yes time management is key to our business. Any good pointers, advice, and recommended systems or companies is always appreciated. Thank you.
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Comments

Ron, Parker & Carmen Byron
Member Since '06

Ron, Parker & Carmen Byron said:

Edward,

The business can certainly beat us up, that's for sure. It sounds like you want to spend your time mostly with clients, face-to-face. I think that's exactly the right thing to do...

I can also see your dilemma with time.

Here's what I do: I'm only really good at one or two things... the rest I delegate. I don't want to be doing CMA's, preparing marketing materials, putting up signs or delivering fliers any more than the next person. So I hired someone to do it for me!

I usually get a reaction of (not saying you would, of course) 'I'm already swamped, I can't afford to hire someone because I'd need to work harder and that's what I'm trying to avoid!' Do you know what happened? My business increased more than enough to compensate for the new employee (My team is a sub s corporation so we actually have employees). I did have more time to spend with my clients and it resulted in more business...

You may already be trying this, I don't know... but I thought I'd throw in my 2 cents worth.

Best wishes and happy valentines day!

Parker Byron

February 13, 2007 10:17 PM
Barb  Van Stensel
Member Since '06

Barb Van Stensel said:

Edward, I was right on board with you doing the same thing until about two years ago.  I was told "work smart".  

Part of it is about control - the other part of the equation is trust.  Get someone to put your signs out for you - for sale and open house signs.  That eases some of the burden and allows you to say "hey, this isn't so bad."  Hire a virtual assistant to do your marketing materials - that frees up even more time.  Have the virtual assistant handle your paper work - now you can build your business and actually take a luch as well.

Let me put it this way ... an agent in the office that I'm at sold $95K GCI in 2005 and had an assistant handle her paperwork and marketing and she closed out $200K GCI this year.  This assistant charged $20/hour with a minimum of 30 hours per month.  Nice ROI -!!!!

The other route to go is hiring a virtual assistant to help you get going and paying someone to set your signs out for you for opens and when they go on the market.  

You definitely should set up an LLC or a subchaper S Corp like Parker has done.  Consult with a qualified accountant.

Best,

Barb Van

February 14, 2007 1:42 AM
Carol and Steve Coldwell Banker Parker Realty
Member Since '05

Carol and Steve Coldwell Banker Parker Realty said:

Having a partner helps.  Steve does much of what I don't like to do or am not as good at and vice versa.

We could fill up each and every day with work of some sort.  You just have to pick what is important and leave the rest.

February 14, 2007 12:07 PM

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Edward Torres
ERA Select International

Edward Torres
Member Since '03

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