Sep
4
nate_freeman78
i need to quit my job to do it full time so i need to start making money imediately. any suggestions?
Powered by Yahoo Answers
i need to quit my job to do it full time so i need to start making money imediately. any suggestions?
Powered by Yahoo Answers
Comments
5 Responses to “how do i start making money now with my real estate license?”
Powered by Yahoo Answers
Could you drop down to part time with your job? The reason I suggest that is as with anything building a career takes time. There are no ‘get rich quick’ schemes or overnight successes. That being said it can be a very rewarding career. Networking is key, talk all the time, hand hand out business cards. Think about targeting a specific market and advertising to that market. I am in the Mortgage Industry and even though its not the same, it is very similar in terms of being commission based and what you have to do to build business. Having some source of steady income is definitely a big help until you get established – sometimes its a life saver!. Good Luck!
Powered by Yahoo Answers
The key to being successful in the real estate and mortgage business is marketing. You must have a very good marketing program or you might as well continue to work at Wal-Mart.
As one of the others said this takes time,energy and a little money. How you market yourself is up to you and your personality. No matter which you decide to do it will take time for you to establish yourself as an expert in your career. Be patient.
You also need to develop a referral system that will ensure that you are getting leads from people that you know and work with on a daily basis. This keeps you from trying to sell yourself each and every time you meet a client.
I am gonna list a few marketing plans.
#1 You can advertise in the local newspaper that you now sell and list properties.
#2 You can do direct mail pieces to the city in which you reside indicating that you are now in the real estate business.
#3 You can select an area in your city of approximately 5000-10000 house to focus your marketing to so as to get to be known and become an expert in that area. This is called a farm area. Prepare flyers for each house, you can walk this selected area passing out these flyers and getting to know your potential clients.
Talk to anyone you find in the yard, getting as much information as you can like telephone numbers and email addressess. This is the start of your data base, but not the goal, so in addition to finding those things out you will also want to know if they are planning to sell soon. Ask also if they know anyone that want to buy or sell soon and if so can you have their address and telephone numbers.
Pass out these flyers for about 3-4 months. After that you will want to do a newsletter to the same area and mail it.
#1 Talk to your title rep, get a farm package from them of the names of the people that live in your area you have selected.
#2 Call the post office ask about their bulk mailing program, this is a system where it cost less to do mailings to your clients for your newsletter.
#3 Make sure your newsletter is informative and give information about real estate as well as continue to promote yourself.
You can get articles for your newsletter from the internet as well as newspaper. Keep in mind that you must give the author credit.
Now you also need to develop a professional team of experts to assist you in your career. You will need but are not limited to an attorney, cpa, tax preparer, notary, title rep, mortgage loan agent and others that you think will be able to assist you.
When you meet a client that you think would need one of their services you should give out their business card, they should do the same for you to clients they are speaking with that need your assistance.
Don’t forget to visit the commercial stores along the major streets to see if they will allow you to leave your flyer and newsletter in their store. Purchase holders for your flyers and newsletter at staples or office depot.
I hope this has been of some use to you, good luck
“FIGHT ON”
Powered by Yahoo Answers
Sell a home!
Powered by Yahoo Answers
You will need the income you have now. Most closings will take at least a month or more. In the mean time you need to market. Post ads on Craigslist, backpage and others offering your services.
Develop a web page even if it is just on MySpace. Link those ads to that site.
Use key words like the names of towns or areas you want to market too. Use multiple terms like real estate, realestate, homes, houses, for sale, foreclosures, hud, VA, etc.
work those key words into your ads in sentence form. Example:
Looking for a real estate agent in Springfiled, KY call Bubba Jones. I can help you find those great bargains on forclosed property and have access to all the MLS listings in BlueGrass County. Visit my page at
As you renew these ads they become more prominant in search engines. As people search Yahoo or Google for “real estate agent” “Bluegrass county” they will begin to pop up.
Post, Post, Post!
Get some cheap post cards, send them to every FSBO you pass by on your way to work. Get the address then go to tax records and get the name. DO NOT CALL! You can get in deep s#%*. That whole no-call list thing.
It’s all internet dude, you have to come up in search engines.
Yahoo search “investment property kansas city” you will find me usually about number 2 or 3. It works.
Join local org’s. Mason’s, Chamber of Comm., Eagles, Rotary whatever, make contacts! Get your name out give everyone you meet a card.
Be diferent, develop a niche, If you like poker get poker chips with you name and phone number on them and make it a poker theme. If you drive a cool car make that a hitch. Make them remember you!
Powered by Yahoo Answers
I did this same thing,,,and well, I meet with the bankruptcy lawyer later this month. Best of Luck!