The Millionaire Real Estate Agent by Gary Keller

Page 59

I could afford that risk. What happened was by the end of

“When I hired an assistant, my business took off. My advice is don’t try to do it all yourself. Go get people.”

three months profits had increased more than enough to cover

Jill Rudler Millionaire Real Estate Agent Westerville, OH Sales volume—$58 million

the additional $2,500 a month in increased costs. By the end of the year, even after the additional $30,000 I’d invested in wages, our net profits were still markedly higher than the previous year. Any dollar you spend that increases your net profits is ultimately a dollar well invested. For one person that dollar represents cost. For another it represents an investment. Millionaire Real Estate Agents understand the difference between costs and investments. They play Red Light, Green Light and add costs incrementally, hold them accountable to incremental gains, and then and only then, move forward. Overcoming the “It’s too risky” MythUnderstanding is about evaluation, engagement, and patience.

THE FIFTH COMMON MYTHUNDERSTANDING MYTH: MY CLIENTS WILL ONLY WORK WITH ME— ONLY I CAN DELIVER QUALITY SERVICE. TRUTH: YOUR CLIENTS AREN’T LOYAL TO YOU; THEY ARE LOYAL TO THE STANDARDS YOU REPRESENT. To tell you the truth, this is probably the number one reason great real estate agents don’t succeed to their highest potential. To become a Millionaire Real Estate Agent you will have to hire additional help. Some Millionaire Real Estate Agents have small staffs. Others have six or more

MythUnderstandings

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Model One: Your Economic Model

1min
page 129

3. Train and Consult

11min
pages 164-171

The Three Key Areas of Your Economic Model

4min
pages 130-132

Model Two: Your Lead Generation Model

4min
pages 133-135

The Three Key Areas of Your Budget Model

7min
pages 153-157

Model Four: Your Organizational Model

1min
page 158

Model Three: Your Budget Model

1min
page 152

The Four Fundamental Models of Real Estate Sales Success

1min
page 128

Earn a Million—Stage 2

10min
pages 119-127

3.Think Possibilities

26min
pages 81-96

The Three L’s of the Millionaire Real Estate Agent

2min
pages 97-98

Leverage—The Who, How, and What of Real Estate

6min
pages 103-106

Leads—Lead Generation vs Lead Receiving

3min
pages 99-100

The Eight Goal Categories of the Millionaire Real Estate Agent

15min
pages 107-118

Listings—The High-Leverage, Maximum-Earning Opportunity

3min
pages 101-102

The Nine Ways a Millionaire Real Estate Agent Thinks

15min
pages 71-80

Think a Million—Stage 1

6min
pages 67-70

Myth Six: “Having a goal, and not fully realizing it is a negative thing

5min
pages 61-66

SixMythUnderstandings Between You and High Achievement

2min
pages 47-48

Part One: Charting the Course

20min
pages 31-46

Myth Two: “It can’t be done in my market

3min
pages 53-54

Introduction

6min
pages 25-30

Myth Three: “It would take too much time and effort— I would lose my freedom

2min
pages 55-56

Myth Five: “My clients will only work with me— only I can deliver quality service

3min
pages 59-60

Myth Four: “It’s too risky. I’ll lose money

3min
pages 57-58

The Millionaire Real Estate Agent

6min
pages 21-24
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