2006-09-27 13:48:31 · 5 answers · asked by nowheremansixx 1 in Business & Finance ➔ Renting & Real Estate
Advertising don't sell real estate. Just like open houses. It only patronize the sellers. Instead, market yourself with your capital. Direct mail follow up with a phone call is most effective. With the present computerized MLS, buyers can find your listing anywhere. Besides, 80% of all transaction are from cooperating agents and they do not scan the newspaper.
Once you build up your inventory, referrals will begin to come in. However, if you do not like listing, get out of the business now. You won't make it.
In general, for every closing check, put 20% away for your income taxes and 10% for your marketing expenses. For your information, I used to manage over 3000 transactions a year. We used to pay about $10,000 a week on full pages on the weekend. We got very little sales out of it. What we do with that is to show it to the sellers when they go in for a listing. We also use it to recruit agents with it. Hope you don't mine me being so candit.
2006-09-27 14:11:21 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Just enough to get some business cards, a IDX lead generating website and some type of service that draws users to your website.
Regards
2006-09-27 14:02:34 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Try to spend a least $1,000 dollars your first year. Or else you wont be able to afford that new bmw or volvo...
2006-09-27 16:00:51 · answer #3 · answered by jafnarf 3 · 0⤊ 0⤋
20% of all closes. First one, just work your a$$ off. should be about 65 hour work weeks. good luck
2006-09-27 13:55:45 · answer #4 · answered by cjkloanguy@yahoo.com 2 · 0⤊ 0⤋
Spend a fortune on business cards and hand them to anyone you see.
2006-09-27 13:52:32 · answer #5 · answered by David F 1 · 0⤊ 0⤋