5 Biggest Mistakes Realtors® Make

As a Realtor® there are many mistakes that you may be making without even knowing it. A few reasons these mistakes happen are because of being overwhelmed, not having the help needed, and being too busy to handle everything. Being busy is not a bad thing, but it can be if mistakes are being made because of it, and you don’t have the help you need. Go down the list and see if you are making an of these mistakes.

1. Grabbing all that sparkles. When you see a program, or a website that looks like something you would use, you sign up and purchase whatever is needed for it. Then the site sits there doing nothing because it won’t do anything without you programing and telling it to. No matter how many programs or websites you sign up on, if you don’t have the time or knowledge to manage them, they will just be another thing you have a password for and are paying for. Not everything that sparkles is good!
2. Letting relationships go. If you are not following up with your friends, previous clients, and family, you are missing out on a huge network that WANTS to help you succeed! Keep you sphere close and let them know you are still good at what you do.
3. Not keeping current. Your database is the heart of your business. This goes with letting relationships go. Keeping your database current and updated is vital to the success of your business. Doing a little now will save you from doing a lot later. 
4. Where are you? Do you only market yourself when you think of it, or when you have spare time? Sporadic marketing can be as bad as not marketing at all. If you aren’t marketing frequently, you should be.
5. Who are you? When clients see your business do they see you, or your brokerage? Do you want your clients to know your name or do you want them to know who you work for? If you are not branded, or only branded partially, you may want to reconsider.  

Are you making these mistakes? Let us be your real estate consultant and help you organize your business-services. If you are interested in more information, or for a FREE Business Analysis, call us at 202-469-6774.

Delegate Which Tasks?

You hired an assistant to delegate work and help you have more time to focus on growing your business, but now you are not sure what tasks to delegate. Many business owners hire an assistant and then have fear or concern over what tasks to trust the assistant to perform. Trusting someone else with your business is hard, but understanding what tasks to delegate will help you delegate tasks easier.

First, take an inventory or make a list of each task you currently perform daily, weekly, or monthly for your business to function. Make sure to include all tasks even the small ones to your list as this will help you to view your full workload. From this list mark off any tasks that requires your direct interaction such as meeting with clients.

Second, with the remaining tasks that does not require your direct interaction ask this question, “Does the task generate revenue?” If the tasks generate revenue highlight the task in green to represent money producing task. The remaining tasks on your list will be administrative or maintenance and these should be the first tasks to delegate to your assistant. Once your assistant is performing the non-revenue tasks, it is time to review the money producing tasks that your perform.

Third, from the list of money or revenue producing tasks review and categorize the tasks into two categories. The first category is long term or future revenue tasks such as potential or future customers. The second category is revenue or money producing tasks that generate current revenue such as current business orders or current customers. Start delegating the long term or future revenue tasks to your assistant. This will provide you with more time to focus on your current customers or business deals.

Following these simple steps allow you to delegate tasks to your assistant and build more time in your schedule to grow your business by increasing revenue potential. If you are looking for an assistant or would like a free business analysis to discover more ways to improve your business contact, BizEBee Virtual Assistants, 202-469-6774 or admin@mybizebee.com and put our experience and knowledge to work for you.