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The luxury market is not much different from lower-end markets. What do all property owners, regardless of the value of the home, look for in an agent? What are the main motivations of buyers in the luxury market? What role does storytelling play in selling a home? In this episode, Michael LaFido talks about the latest trends in the luxury market.
Success leaves clues. Go figure out how someone else got successful at something and emulate it. -Michael LaFido
Three Things We Learned
Negotiations should be done on both sides
In a market that’s showing signs of slowing down, agents have to build a bridge between sellers and buyers. Negotiations shouldn’t just be on the buyer’s side. If sellers are determined to sell their homes as soon as possible, recommend a small discount on the property price. It’s usually quite convincing for buyers who tend to change their mind when they can save some money.
Sellers in the luxury market aren’t much different
Many agents assume that working with sellers in the luxury market requires a different skill set. However, the same problems are solved. Owners of luxury properties are just as nervous about the investment they made as any any other seller.
Storytelling in the luxury market is heavily focused on emotions and status
Many buyers looking for luxury properties don’t need a bigger house, and in some cases, it’s not even a wise financial decision. What they need is a new lifestyle and a way to feel better about themselves and their accomplishments. Your photos, videos, and all of the storytelling should focus on promoting a certain lifestyle, not just a home.
Luxury listings should tell a story about the lifestyle the home offers. In this market, most decisions aren’t made based on price but on the status and location the home offers. Emotions play a big part as well, because buyers have a bigger budget and they want to walk into a home that makes them feel good. However, this shouldn’t prevent you from trying to negotiate the price point with the seller if selling the property as soon as possible is one of their main priorities.
Guest Bio
Michael LaFido is a top-producing luxury Realtor, podcast host, author, and national trainer. He is the CEO of Luxury Listing Specialist and Marketing Luxury Group. Michael is also the creator of a Marketing Luxury Expert Certification program (LUXE) and has over 1 million listing and sales in his portfolio. If you want to get in touch with Michael, you can do so on his social media account.
Agents are constantly chasing new clients and new ways to make lead generation easier. But what if the answer isn’t in new tactics and chasing new clients? How can you tap into the law of reciprocity with your past clients and get repeat business and referrals? How can local events for past customers actually save you money and increase your conversion rate? In this episode, John Mikesh talks about how he generates up to 40% of his income by holding local events for past clients.
I never wanted my business to feel like a job. My biggest personal motivator is freedom. -John Mikesh
Three Things We Learned
Keep in touch with your past clients
Even if you have excellent customer service and your clients are happy with your work, if you don’t make keeping in touch with your database a priority, you’ll lose repeat business and referral opportunities. Your clients need to be reminded of your existence even if you’ve already made a good impression.
Customer events save you money
Chasing new clients and trying new marketing gimmicks that may or may not work ends up being more expensive than maintaining a good relationship with your past clients. Plus, when you serve the people you already served, you don’t need to prove your expertise with free evaluations, free photos, etc.
Put together a system that can be outsourced
Event planning may have to start one year in advance. Because of weddings, most venues will already be taken if you start planning only a few months before the event. Put together a system that takes care of all aspects of event planning and outsource the work so you can focus on other aspects of growing your business.
When done correctly, lead generation gives you relief. Planning events where your past clients feel appreciated is by far less stressful than always having to chase new clients and spend money on marketing tactics that way or may not work. When you work your sphere, you serve people who already know you and you like you. And because you’re investing money into thanking them for their contribution to your success, it taps into the law of the reciprocity. Every time they attend an event, they are reminded of how much you worked to make it happen. And they’ll feel a need to give you something in return as well. Usually, this translates into repeat business or referrals.
Guest Bio
John Mikesh is the owner of ROOST™ Real Estate, a real estate brokerage in Mooresville, of the Lake Norman / Charlotte, North Carolina area. His company focuses on putting the client experience first and this approach enabled him to become one of the top Realtors on the market for years now.
John was also recognized in multiple issues of Charlotte Magazine as a “5-Star Professional.
Agents are constantly chasing new clients and new ways to make lead generation easier. But what if the answer isn’t in new tactics and chasing new clients? How can you tap into the law of reciprocity with your past clients and get repeat business and referrals? How can local events for past customers actually save you money and increase your conversion rate? In this episode, John Mikesh talks about how he generates up to 40% of his income by holding local events for past clients.
I never wanted my business to feel like a job. My biggest personal motivator is freedom. -John Mikesh
Three Things We Learned
Keep in touch with your past clients
Even if you have excellent customer service and your clients are happy with your work, if you don’t make keeping in touch with your database a priority, you’ll lose repeat business and referral opportunities. Your clients need to be reminded of your existence even if you’ve already made a good impression.
Customer events save you money
Chasing new clients and trying new marketing gimmicks that may or may not work ends up being more expensive than maintaining a good relationship with your past clients. Plus, when you serve the people you already served, you don’t need to prove your expertise with free evaluations, free photos, etc.
Put together a system that can be outsourced
Event planning may have to start one year in advance. Because of weddings, most venues will already be taken if you start planning only a few months before the event. Put together a system that takes care of all aspects of event planning and outsource the work so you can focus on other aspects of growing your business.
When done correctly, lead generation gives you relief. Planning events where your past clients feel appreciated is by far less stressful than always having to chase new clients and spend money on marketing tactics that way or may not work. When you work your sphere, you serve people who already know you and you like you. And because you’re investing money into thanking them for their contribution to your success, it taps into the law of the reciprocity. Every time they attend an event, they are reminded of how much you worked to make it happen. And they’ll feel a need to give you something in return as well. Usually, this translates into repeat business or referrals.
Guest Bio
John Mikesh is the owner of ROOST™ Real Estate, a real estate brokerage in Mooresville, of the Lake Norman / Charlotte, North Carolina area. His company focuses on putting the client experience first and this approach enabled him to become one of the top Realtors on the market for years now.
John was also recognized in multiple issues of Charlotte Magazine as a “5-Star Professional.
Mindset plays a huge role in how you approach your business and personal life. What happens when your mindset is less than ideal, or when you’re flooded by negative thoughts and can't seem to focus on what matters? How can you change your thinking pattern and behaviors to get closer to your goals? In this episode, Dr. Hank Seitz, talks about the power of positive thinking and the law of attraction.
Start asking for the things that make you feel good. That’s the secret to all of life. -Hank Seitz
Three Things We Learned
Why perspective is everything and how to “reprogram” yourself
Negative and positive feelings are a matter of perspective. You can change the way you feel about your life by looking at things from a different point a view. Affirmations are a good example of how you can reprogram yourself and start attracting better experiences to your life just by asking for them.
Seek to surround yourself with positive people and experiences
The best way to become happier and more energized is to shun all the sources that bring negative emotions to you. For example, the news is filled with tragic stories, but the companies behind them spend millions to find those stories. It doesn't mean we live in such a tragic place. It just means it’s easier to have access to negative stories. It’s your responsibility to seek the good even if the media wants to keep your eyes on something else.
Why behaviors can’t change unless you detect what thoughts created them
Action is a result of your thoughts. The way you see the world and others impacts all of your behaviors. You can’t change any behavior without asking yourself what thinking patterns stand behind them.
Every action you take is governed by your thoughts and perceptions of yourself and others. But sometimes you may find it difficult to be objective or to slow down and appreciate what you already have in your life. Hardships hit everyone, but what makes it worse is when your way of interpreting them causes pain. To avoid misinterpretations of reality, write down 3 things you desire and appreciate. This way, you can can start taking steps towards practicing gratitude and remind yourself of your goals.
Guest Bio
Dr. Hank Seitz is a real estate coach, author, and podcast host. He has a PhD in Mental Science and is the CEO of Agent Wealth Network where he teaches agents and team leaders how to build several streams of income.
You can find out more about Dr. Hank Seitz here.
Mindset plays a huge role in how you approach your business and personal life. What happens when your mindset is less than ideal, or when you’re flooded by negative thoughts and can't seem to focus on what matters? How can you change your thinking pattern and behaviors to get closer to your goals? In this episode, Dr. Hank Seitz, talks about the power of positive thinking and the law of attraction.
Start asking for the things that make you feel good. That’s the secret to all of life. -Hank Seitz
Three Things We Learned
Why perspective is everything and how to “reprogram” yourself
Negative and positive feelings are a matter of perspective. You can change the way you feel about your life by looking at things from a different point a view. Affirmations are a good example of how you can reprogram yourself and start attracting better experiences to your life just by asking for them.
Seek to surround yourself with positive people and experiences
The best way to become happier and more energized is to shun all the sources that bring negative emotions to you. For example, the news is filled with tragic stories, but the companies behind them spend millions to find those stories. It doesn't mean we live in such a tragic place. It just means it’s easier to have access to negative stories. It’s your responsibility to seek the good even if the media wants to keep your eyes on something else.
Why behaviors can’t change unless you detect what thoughts created them
Action is a result of your thoughts. The way you see the world and others impacts all of your behaviors. You can’t change any behavior without asking yourself what thinking patterns stand behind them.
Every action you take is governed by your thoughts and perceptions of yourself and others. But sometimes you may find it difficult to be objective or to slow down and appreciate what you already have in your life. Hardships hit everyone, but what makes it worse is when your way of interpreting them causes pain. To avoid misinterpretations of reality, write down 3 things you desire and appreciate. This way, you can can start taking steps towards practicing gratitude and remind yourself of your goals.
Guest Bio
Dr. Hank Seitz is a real estate coach, author, and podcast host. He has a PhD in Mental Science and is the CEO of Agent Wealth Network where he teaches agents and team leaders how to build several streams of income.
You can find out more about Dr. Hank Seitz here.
Sometimes when we’re working it feels like the hours just flew by and nothing got done. Being trapped in low-value activities shifts our focus away from what makes money. How can you fix this? What should your schedule include and exclude to make the best of your time? Why do we have to delegate in order to scale? In this episode, Gene Volpe talks about the changes he made to become a more productive business owner.
You have to take the time off. You have to schedule that into your calendar. Otherwise, you will burn out. -Greg McDaniel
Three Things We Learned
Urgent tasks vs. high value tasks
Some tasks might not be urgent, but they can be the most important in your business. We have enough hours in the day. We just need to find a way to prioritize what needs to get done. Avoid wasting your time on tasks that have a very little impact on your business.
You can’t scale without delegating
When most people look at their calendar, they realize 80% of what they’re doing can be done by someone else. You can’t scale without outsourcing the low-value tasks to someone else.
Schedule everything, including your time off
Productivity isn’t about working-non-stop. You need to find time to relax as well, or you will burn out. But even time off needs to be scheduled so it won’t have a negative impact on your business.
You have to think about what brings the most income to your business. What’s the income driver in your business, servicing the clients who are already committed to you or maximizing the activities that bring the next round of income? In some cases, existing clients are so valuable the referrals alone work as a lead generator. But if the existing clients don’t bring any referrals, teach someone else to take care of your current clients to free up your time for more sources of income.
Guest Bio
Gene Volpe is the founder of GVI Media and has over 10 years of experience in real estate marketing. With over 200 transactions under his belt, Gene is known as an authority in his field and is often invited to speak at events. You can find more about Gene at http://www.genevolpe.com/about-gene/#.
Sometimes when we’re working it feels like the hours just flew by and nothing got done. Being trapped in low-value activities shifts our focus away from what makes money. How can you fix this? What should your schedule include and exclude to make the best of your time? Why do we have to delegate in order to scale? In this episode, Gene Volpe talks about the changes he made to become a more productive business owner.
You have to take the time off. You have to schedule that into your calendar. Otherwise, you will burn out. -Greg McDaniel
Three Things We Learned
Urgent tasks vs. high value tasks
Some tasks might not be urgent, but they can be the most important in your business. We have enough hours in the day. We just need to find a way to prioritize what needs to get done. Avoid wasting your time on tasks that have a very little impact on your business.
You can’t scale without delegating
When most people look at their calendar, they realize 80% of what they’re doing can be done by someone else. You can’t scale without outsourcing the low-value tasks to someone else.
Schedule everything, including your time off
Productivity isn’t about working-non-stop. You need to find time to relax as well, or you will burn out. But even time off needs to be scheduled so it won’t have a negative impact on your business.
You have to think about what brings the most income to your business. What’s the income driver in your business, servicing the clients who are already committed to you or maximizing the activities that bring the next round of income? In some cases, existing clients are so valuable the referrals alone work as a lead generator. But if the existing clients don’t bring any referrals, teach someone else to take care of your current clients to free up your time for more sources of income.
Guest Bio
Gene Volpe is the founder of GVI Media and has over 10 years of experience in real estate marketing. With over 200 transactions under his belt, Gene is known as an authority in his field and is often invited to speak at events. You can find more about Gene at http://www.genevolpe.com/about-gene/#.
As the real estate industry changes due to technology, how can agents take advantage of this shift? How can you use online resources to amaze your clients with your expertise? How do you know whether you should stay or leave your family business? What’s the role of conversations and send out cards in lead generation? In this episode, we talk about how new agents can impress their prospects, how to become better at nurturing past clients, and more.
Everyone wants a new hot lead now, but they don’t want to do anything for it and they want the person to be ready to buy or sell immediately without any competition. -Greg McDaniel
Three Things We Learned
What to do when you are a new agent with no experience in the local market
When asked what they want from their agents, a large percentage of clients responded that they need someone with a deep understanding of the local market. If you are a new agent, you can get your foot in the door by “faking” local knowledge with reports. Another option you have is partnering with someone who has local market knowledge.
How having 25 new conversations per day will make lead gen a problem of the past
The real estate industry wasn’t built on relationships but on chasing new clients and new leads all the time. Living in a society where instant gratification is possible thanks to technology only makes things worse. If you have 25 conversations per day, you don’t have to worry about not having warm leads. Few agents keep in touch with their database, despite having all the means to do so.
When it’s time to leave your family business behind
Many agents are trapped in businesses they aren’t sure they belong to. If the agreement is not good enough to make you enter the business even if a complete stranger makes you the offer, you’re probably staying in the business just because you don’t want to hurt anyone’s feelings.
Real estate is a people-based business, but agents were always about chasing new clients instead of nurturing past ones for repeat work and referrals. It’s now easier than ever to get in touch with your past clients without sounding salesy. From send out cards to having a few conversations every day, no matter what you choose, make sure you are always in front of them.
As the real estate industry changes due to technology, how can agents take advantage of this shift? How can you use online resources to amaze your clients with your expertise? How do you know whether you should stay or leave your family business? What’s the role of conversations and send out cards in lead generation? In this episode, we talk about how new agents can impress their prospects, how to become better at nurturing past clients, and more.
Everyone wants a new hot lead now, but they don’t want to do anything for it and they want the person to be ready to buy or sell immediately without any competition. -Greg McDaniel
Three Things We Learned
What to do when you are a new agent with no experience in the local market
When asked what they want from their agents, a large percentage of clients responded that they need someone with a deep understanding of the local market. If you are a new agent, you can get your foot in the door by “faking” local knowledge with reports. Another option you have is partnering with someone who has local market knowledge.
How having 25 new conversations per day will make lead gen a problem of the past
The real estate industry wasn’t built on relationships but on chasing new clients and new leads all the time. Living in a society where instant gratification is possible thanks to technology only makes things worse. If you have 25 conversations per day, you don’t have to worry about not having warm leads. Few agents keep in touch with their database, despite having all the means to do so.
When it’s time to leave your family business behind
Many agents are trapped in businesses they aren’t sure they belong to. If the agreement is not good enough to make you enter the business even if a complete stranger makes you the offer, you’re probably staying in the business just because you don’t want to hurt anyone’s feelings.
Real estate is a people-based business, but agents were always about chasing new clients instead of nurturing past ones for repeat work and referrals. It’s now easier than ever to get in touch with your past clients without sounding salesy. From send out cards to having a few conversations every day, no matter what you choose, make sure you are always in front of them.
Tragic events often force people to give their life a new meaning after everything that mattered before is lost. How do you cope with the loss of loved ones? Is there any way you can transform a tragic event into an opportunity to reinvent yourself? How do the ups and downs in your life influence your values and what you do for a living? In this episode, Matt Cubbler talks about how the loss of his brother forced him to find a new purpose and serve others through his business and speaking events.
Life isn’t about singular moments. They are all connected. Everything that happens in your life is a piece of the other. -Matt Cubbler
Three Things We Learned
No event that happens in your life is without meaning or purpose
Sometimes, the most tragic, hurtful events in your life force you to find a new purpose and move away from the past. And without those tragic events, you may never get on the path you’re supposed to be on.
Confidence is a must-have for leaders
If you don’t believe in yourself, you can’t be a leader. Confidence is what sets up leaders for success. But this doesn’t mean you see yourself as a perfect human being. It’s a state of awareness. You know what your weaknesses are but you’re also aware of your strengths.
Your business is an extension of your core values
The business you build should be an expression of your core values. As a business owner, you are able to decide who you work with and how you do it. You don’t have to follow somebody else's path to succeed.
At times, life might puts you through tragic events, but when you look at the big picture, those very events are meant to put you on the path to what you’re supposed to be doing with your life.
As a business owner, you need to find your calling, and the beauty of it is that entrepreneurs have more freedom than employees. You can create your own schedule, serve the people you like, and follow your own values.
Guest Bio
Matt Cubbler is a public speaker, author, leadership expert, CEO of I Got You, and Vice- president of Maxout Strength Systems.
In his free time, Matt uses his experience in the army to teach young teens about the importance of leadership and being accomplished in life.
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