Word Count: 818 Date: Thu, 5 Mar 2009 8:07 AM
Using Visionary Thinking To Take Your Real Estate Business To New Heights
Are you a visionary thinker? Do you look at the "big picture" of your real estate business and try to see how everything relates to the success of your business? Visionary thinking goes beyond just daydreaming. It embraces deep thinking, the working out of issues and planning for the future. And visionary thinking can bring your real estate business the success you have dreamed of.
First, look for signs of change. How do your real estate colleagues react to the market changes? Do they hunker down and get stingy with their marketing dollars? Do they jump ship altogether? Or do they re-focus their business and look forward to the future?
Look around and identify changes in real estate professionals and how they weather the ups and downs in the real estate market. If you see those changes and react properly, filling in the voids left by those real estate agents who stunt their marketing efforts in fear and embracing change within your real estate business, you set yourself up for your immediate future success!
In fact, you can ask yourself questions that will envision the future:
- What do my current customers need from me in light of today's real estate market?
- What can I do to help prepare my clients for the coming changes in the real estate market?
- How do I see myself helping people in real estate in X years?
- Am I receiving honest feedback from my clients and using it to better my real estate business?
- How else can I embrace technological developments and implement that within my real estate business in a way to benefit me and my clients?
Think you know everything about real estate? Whether you've been in the business 2 years or 20, there is always something new to learn. A visionary wants to learn, to continually educate herself on the industry. Everything from legal procedures to possible ethical dilemmas, you should stay educated about the real estate world and you can do this in different ways. Read real estate related periodicals.
Peruse real estate online news sites. Network with real estate colleagues on message boards and blogs all over the world. Yes, a real estate agent halfway across the world may just shed the light on a subject that you've never even thought of...and may just spark the idea that could lead to a revolutionary marketing strategy for your geographical area.
Also, think contrary. Maybe you shouldn't do the exact opposite of what your competition is doing, but you can think about what you can do that is contrary to the typical response. Avoid the norm. Embrace the different.
Next, build a team. Don't just go through real estate flying solo. Think to your future business. How can you possibly handle it all? Even if you're not in the position to hire a buyer's agent or a listing specialist right now, you can still align yourself with various professionals across industries who can help you build your real estate business and brand. Who can you ally yourself with and create a team mentality?
- Graphic designer for logo, marketing materials, etc.
- Web designer (may be one in the same as graphic designer)
- Marketing assistant for development of marketing materials, distribution of materials and more
- House cleaner
- Stager
- Home Decorator
- Architect
- Carpenter
As you build your team, try to think who can help you and who would be a forward thinker. You want team members to have similar ideals and vision.
Identify potential risks within your real estate business. Do you have a marketing plan in place? Are you reviewing your marketing successes and failures and learning from them? Ask yourself some tough questions. This isn't a moment to shirk from something that could be hazardous to the success of your real estate business at some point down the line.
Lastly, keep lines of communication open. Communication is key with visionary thinking. You don't live and work in a bubble. You need to communicate with your real estate broker to stay on top of the broker's plans for the future. It wouldn't help your real estate business to be blindsided by some changes made by your broker that you were not aware of.
You also want to keep in contact with your clients, no matter how far off you think their needs are. Visionary thinkers plan for their clients' future needs and anticipate those needs. By staying in communication with clients you make it easy for them to work with you years down the road, or earlier if plans change.
About the Author
Volker Weiss - Maui Realtor(R/S) specialist focusing on the Palms at Wailea. Make your vacation last forever, check out Wailea Real Estate. For immediate help call VW directly at 888.572.6888
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