For those looking to jump into the world of real estate, you might be drawn to the idea of working as a part-time real estate agent. This is actually a great way to get started, and many experts in the industry recommend this before making the transition to full-time when the time is right. In this way, you can test the waters and determine if this is the right career path without taking major financial risks.,
Some people, however, only stress about the real estate agent test that they will be on their way to their first million as soon as they pass. You will pass the test if you study, but to become successful in real estate you must work for it. This is especially true for a part-time real estate agent, as it may be difficult to balance your real estate career and your full-time job. So, how do people do it? Read on as we fill you in on some of their secrets!
Secret #1: Don't work alone
Successful agents never work alone., As a part-time – real estate agent, you should definitely consider joining a brokerage, becoming part of a real estate team, or finding a partner or mentor who is a full-time agent.
Although this is not required, it will have tremendous benefits for you – the first of which is the ability to learn. These professionals have insider knowledge about the real estate market. For example, they know when the best time to buy or sell is, where the best places to buy or sell are, and what increases your chances of closing a deal., Working with others in this field will sharpen your skills and understanding of the real estate industry, which is what you need to transition into a full-time real estate agent.
Related: How to become the best real estate agent in your location?
This is also beneficial to credibility. To have someone trust you with the greatest asset of their life requires more than just you being charismatic and excited to serve them. A part-time – real estate agent may not be as well known as a full-time agent., Therefore, not many people will feel comfortable working with you just because they do not trust you to meet their needs. The best way to eliminate this objection is to partner with someone who can be there for customers when you can't.
Finally, working with others can take pressure off your schedule and give you time to balance and manage the responsibilities of both your real estate brokerage career and your primary role.
Secret #2: Build your network
Your network will play an important role in your success as a part-time real estate agent., As we said, successful agents don't work alone and the real estate industry is built on relationships. Some call this secret work on your " sphere of influence "or" business book."Essentially, it means approaching people you know like you and trust about your real estate brokerage career. So share your message with people you already know and your network will grow.
In addition, becoming a real estate agent requires working with different types of people., This includes buyers, sellers, investors, wholesalers, appraisers, loan officers, mortgage brokers, title companies and others. To be a great part-time – real estate agent, you need to understand that every person you have contact with is an opportunity to share what you do. Once you've built a strong network, there will be no shortage of contacts to do business with.
Here comes another benefit of joining a team or broker – to expand your network and sphere of influence!, Other ways to make your real estate agent career known include attending real estate seminars, auctions, and of course marketing your business.
Secret #3: Focus on lead generation
For a part-time real estate agent, it's important to focus on lead generation. Finally, success in real estate is about getting the best deals possible. So another real estate agent secret is to generate and follow up on leads every day. How much time you dedicate depends on your schedule, but according to Fit Small Business, you should aim for at least 20 hours per week., Don't just rely on referrals! Make sure you set aside about two hours a day to market your real estate business to generate leads, and a few hours on weekends and evenings to show homes to potential buyers.
Related: Generate Leads: Tips for Every Start Real Estate Agent
In addition, you need to understand that not all real estate leads are created equal – some will turn into sales while others will not. Therefore, you will have to work very hard to generate qualified leads., Alternatively, you can simply buy real estate leads from companies that offer lead generation programs and services. Where can you find a lead generation program as a part-time – real estate agent? Right here at Mashvisor!
Mashvisor works with real estate investors who are serious about buying a property to invest in. Our lead generation program then qualifies those leads and connects them with a real estate agent in their city of choice., So when you sign up with Mashvisor as an agent, we provide you with a certain number of qualified leads (depending on the plan you want to follow). As a result, you'll have a steady source of qualified leads and a better chance of closing deals.
For more information about our program and how it will help you as a part-time real estate agent, click here!
Secret #4: Market your business
You want to be successful as a part-time real estate agent, not a "part-time" agent. This is why you need to invest efficient time and energy into marketing your real estate business., If done right, you marketing efforts will help you generate more leads and find more people to add to your contacts and real estate network. In addition, the right marketing strategies will help maximize your return on investment, save you time, keep in touch with past clients and monitor current ones.
There are many ways for you to market yourself, including postcards, flyers, mailers and business cards. However, to become a successful part-time – real estate agent, you will need to compete with top agents with creative and advanced marketing strategies., For example, hot real estate agents today use social media platforms, video marketing, 3D virtual tours and others to market their business and get leads.