How To Win HUGE With Team Building

There Are 8 Simple Steps To Build A Profitable Real Estate Team That Will Pay You A Life Time Of Passive Income.

Agents all over the world are aiming at building teams, but very few manage to do so successfully. So let's define a team before we move on, shell we?

The difference between a Team and a brokerage within a brokerage. When a single agent decides to buy a bunch of buyers leads (from Zillow or a similar source) and then hire other agents to join their "team" and service these buyers leads, that is not considered a Team by any means (although many "teams" were built that way). Now although the agent might make money doing so, it is really a brokerage within a brokerage. Below I will mention the 8 steps to building a real profitable team and how it's done correctly. A real team must have a full time assistant servicing the team leader (team owner) and allowing the leader agent to delegate activities to them. The assistant's job definition is to clear time for the leader and allow the leader to focus on A activities only (money making activities) and the assistant must do all the rest. Later on, the leader will hire an additional full time closing coordinator, a marketing director and a customer service personal to completely delegate and remove all the time consuming activities. Now, an agent with this structure can then easily go and hire a few buyers agents to service the buyers leads that are coming in and have a full administrative support for these agents which will then allow these buyers agents to focus on their own money making activities (meeting with buyers, qualifying them, showing properties, negotiating contracts). But if this structure is not in place, and a single agent goes and hires other agents to service buyers leads, what will happen fairly quickly is a total chaos and a load of administrative work which will hold the leader back from approaching freedom. It is a terrible way to build financial freedom.

Our industry is changing rapidly, what used to be controlled by the big corporations is no longer so. In the last decade, real estate teams and top producers are actually running the show and rightly so. One of the interesting phenomenon in our industry, less than 5% of the total agents are making more than 90% of the money in our industry, these are the Top producers and top producing teams who run their real estate career like a real business.

Let's quickly examine the 8 Steps to building a profitable, reliable team which can easily deliver real financial freedom to the leader:

1. Consistently Close 25+ Transactions Annually
2. Hire a Personal Assistant And Start Delegating All B, C and D activities
3. Hire a Transaction Coordinator 
4. Build Systems, Tools & Marketing Automation
5. Hire & Train Buyers Agents (1 Agent Per 30+ Monthly Buyers Leads) 
6. Hire a Marketing Director and a Customer Service Personal
7. Hire a Listing Agent 
8. Replace Yourself & Lead

Obviously each step above must be made at the right time (I cover this in detail with my one on one coaching clients and at upcoming mastermind coaching sessions and webinars, you can visit my site for more details RanBiderman.com). At each step you will need to delegate certain activities to someone else who can naturally do these activities better than you (after you train them of course). Now don't panic! each of these steps will be accomplished with money you'll earn from growing your business and managing your funds the right way (leading with revenue). When your business grows, money management becomes a huge factor. As a matter of fact, many top producers fail at money management and therefore never reach financial freedom, and continue to work 7 days a week (ouch) grinding and working in the business instead of on the business.

If your goal is to own a team, meaning, you OWN IT, meaning IT WORKS FOR YOU, Meaning you don't need to work inside the business and will be able to be completely free, than I suggest you build a team the right way. I am offering real estate agents 3 different coaching systems, one of the 3 is solely focused on helping you build a profitable, self sustained TEAM or Group. I will guide you step by step, slowly but quickly towards financial freedom. Can you see yourself closing 100+ transactions a year without actually needing to be there? Can you imagine your business is growing, your production is growing, without you? That is what we will focus on, turning you into a business owner!

If you are interested in a FREE coaching/consulting call to discuss this in more details, contact me at: [email protected] and let's have a discussion.

Have a great productive and happy day :)