The 7 No's of a Successful Realtor®

How many people quit real estate after their first year? What's your guess? A quarter? Half? 75%? If your guess was any of those, you're gonna be shocked. It's more.

A 10-year study in the 90s put the average failure rate after the first year of people who go into real estate at just shy of 9 out of every 10. A decade into the 2000s, it's gotta be pretty close to the same. Agree/disagree?

So why do so many give up on real estate? What would you say if you could boil it down to just one answer?

I'd like to submit it's because they didn't have a plan. It's a critical mistake. Many people "hope" for success, but don't have a plan on how to pull it off. A plan doesn't need to be complicated. A plan does take some thought, however, and discussion with others who've been in real estate for a while. And beyond that the implementation of the plan is the key. If you don't put it into practice, what good is that?

Below you'll find a quick list for success. Of course, it's meant to be only a template. And I guess it really could carry over to any career, quite frankly. The bottom line, hopefully it'll be a help (should you need some) to get your own juices flowing in the area of plan-making. Here are:

The 7 No's of a Successful Realtor...

No #1: Disorganized contact databases.
No #2: Haphazard follow ups.
No #3: Avoiding the hard stuff.
No #4: Putting in part time hours expecting full time return.
No #5: Neglecting further education.
No #6: Not saving for lean times. (A double negative equals a positive.)
No #7: Lone rangers.