Beginning a new career as a real estate agent is exciting and you'll want to hit the ground running. Your long-term success depends on many things, but a good beginning real estate business plan is one of the most important steps you can take.
Don't let your excitement and enthusiasm to get with a client right away keep you from the all-important business planning and budgeting tasks. Using tools and instructions will help you to focus on important business practices and get a fast start on building your prospect base without spending a lot of money.
Many Try and Many Fail
A huge number of new agents fail in their first two years. Their average commission income can't support full-time activity. Some are part-time realtors. These part-timers make even less money because it's very difficult to schedule customer contact and help when you have another job.
New entrants into real estate practice must understand that they are independent contractors. You are and own your business. Just because the law says or you choose to hang your license with a broker, you do not want to become only a piece of that broker's business and marketing.
Sure, you want to take advantage of the services and marketing offered by your broker. But, you should immediately begin to market yourself and your business separate from your broker. This means having a website and blog of your own.