It is hard to conceive that the use of game mechanics and rewards could have entered the real estate arena in a such a profound way. The question is, how can you use gamification to boost your real estate business?
The general purpose of a leaderboard is to show a group of “players” how well they are doing. Often used in gamification systems, individuals are able to see who is in the lead, to compare scores, and in effect checking out their own “ranking.”
You may be surprised, but the small things in life and business add up in the same way. The sum of your small actions in your business, the habits, can form together over time to make a big difference.
For many agents, maintaining an accurate pipeline is easily understood but not easily kept front of mind. Administration is often seen as an unnecessary distraction from profit-generating activities like cold calling and showings.
Peter Drucker is credited with saying, “If you can't measure it, you can't improve it." Many are aware of the need for tracking metrics and key performance indicators (KPIs), but it can be difficult to practically identify the most important benchmarks for your agency.
Improving your overall sales performance an agent is a constant challenge. This why many attend sales training sessions, coaching, and seminars looking for the one or two key innovations to make an impact on their overall yearly commissions.
For many brokers and team leaders, holding agents accountable is one of the most common difficulties. It can be a struggle to get your team to stick to set goals, do the work set out to achieve targets, and ultimately perform.
Marketing gives an important boost to your agent activity, creating opportunities for new listings and buyers. Calculating the ROI on your marketing is then crucial, as it can guide you on where your marketing efforts are most efficient and where they can be improved.
Every broker or real estate team leader wants their performance to grow. While a team of top performers can easily improve performance month to month, without proper goals, most teams will struggle to make positive change on a consistent basis.
Technology has proved enormously useful for many agents. Currently, even the least tech savvy agent leverages a range of technology based tools from word processors to email apps that keep agents connected with their clients and their sales processes running efficiently.
Dotloop is one of the most popular and powerful real estate transaction management systems on the market today. With well over 300,000 users, Dotloop helps agents streamline and organize their transactions, all in one place. But what about the rest of your business?
Think about how much data is gathered in the services we use on a day to day basis. Every company in almost every industry is now recognizing the benefit and importance of collecting data and how it contributes to their growth. So, why not do the same in your real estate business?
How do you calculate a real estate commission check? Well, it really depends on the brokerage you choose. There are many different models and understanding your brokerage model is absolutely crucial to your business's success.