A
lot of people ask how they can become the best top-selling real estate agents.
Most
of them want to know how they can sell tens or hundreds of homes and make
millions.
Well,
this article will show how to do that in 5 easy steps.
You
can be a real estate agent working on your own or a real estate agent employed
by a company to sell their products. In case you are interested in getting a
job as a real estate agent, then just go to the company and drop your
CV/resume.
Then
after several years working as a real estate agent with a broker you could go
it alone. Because you are known in the industry. And you have saved up some
working capital.
This
article will concentrate on what to do in case you want to start your real
estate agency.
So
lets dive in on the steps to take to start off in real estate. There are no
special skills or any amount of money needed to start. Just your willingness to
help other people.
Step
1: Find the best real estate agent in your area for
mentorship.
Yes,
you heard me right. Work for free. I know you have bills to pay, so you can
start off on a part-time basis. A side hustle or a side gig if you wish.
And
what exactly will you be doing as you work for free?
You
will do a lot of jobs for them including ensuring there is tea in the office,
the daily newspaper is delivered, the office is cleaned, and the boss is
generally happy.
If
you are lucky, you get to participate in more serious stuff like handling
customer inquiries, taking customers to site visits and growing the list of the
number of people you know.
This
step helps you to gain knowledge in the industry, get recommendations and start
growing your network.
To
register with the Kenyan Estate Agents registration board, you will need a
letter of recommendation and this is how you get one.
Step
2: Network and Build your sphere of influence.
As
you continue to work for free, you get to gain a lot of knowledge in the real
estate industry. From how to handle sales, property prices, market trends and
how to handle customers.
You
will accompany your mentor for meetings. Here, you get to meet other real
estate agents who will become part of your network.
Your
network is your net worth, and this is where you start growing that.
During
this time, join any online groups you find. There are numerous groups on
Facebook and WhatsApp that I have personally found quite useful.
Attend
any available real estate webinars and meetings. This helps you expand your
knowledge and become a force to reckon with.
Step
3: Get a real estate license
Depending
on the country or area that you operate in, certain restrictions apply to the
real estate industry. Please do a quick google search on registration and
licensing requirements.
In
Kenya, all real estate agents should be registered
with the real estate agents registration board. It takes around 6 months to
get registered from the time you apply to when you get your license. This is
because EARB processes registration in batches.
In
case more people apply, registration can be quicker.
If
you are wondering how much a real estate license costs in Kenya, the amount is
KSH 10,500. This covers an Annual license and a practicing certificate.
Before
you get your license, you can sell using the license of the agent you have from
steps 1.
Step
4: Sell like Crazy.
Once
you have your own license, you need to start selling like crazy.
To
do this, reach out to anyone within your network who could benefit from your
services. Start with yourself. Can you buy the real estate you are selling? If
yes, then go ahead. You have just sold your first property to yourself.
Start
also by reaching out to your friends and family. This could be your best friend
at work who has been coming to you for help. Make this they payback time.
Reach
out to friends from school, church and your neighbors. If you say you will
call, remember to call and follow up.
Call
up your baby mamma, call your ex, call your sponsor. And if any of these have a
sponsor, call them too!
Go
out into the streets, talk to people, open
social media accounts, google ads, blood sweat and tears.
List
your properties with listing
websites available in your country. In Kenya, we have identified the
top five real estate listing websites for you.
Make
sure everybody buys from you. Follow them up. Constantly.
Stalk
them in case you need to. Call them from a different number. Email them. SMS
then. WhatsApp them.
And
don't stop until they buy or die of old age.
If
they die, attend the burial, and get contacts for the next of kin and sell to
them. Not really, but you get my drift.
Step
5: Maintain contact with the clients you sell to.
Once
you sold a property, this becomes the beginning process of the next real estate
item you want to sell to them.
Resell
to them your newest property. If they can't afford it, ask them to refer you to
their friends. And don't relent until they do. And then do not let their
friends go until they buy from you.
Or
until their children buy from you.
Or
their children buy from your children who are now managing your business.
Remember,
it is far easier to sell products and services to existing customers than it is
to sell to new customers. This is because there is at least a 60-70%
chance of repeat customers buying from you.
Bonus
tip?
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