Hey guys, Hank here.
I wanted to touch on something close to my heart this week.
Now as many of you know I firmly believe in having real estate as part of your portfolio of investments. You can on physical real estate or if being a landlord scares you, you can simply invest in REIT’s to get in on the action.
Today though I wanted to touch on a different aspect. Treating real estate as a career.
I have many friends in the industry and most of them actually do very well.
So let’s dive in…
Real Estate – Still Gold To Be Mined?
The real estate industry can be such a lucrative career path, but it takes hard work, perseverance and a little bit of luck along the way to be successful. Many people decide to become real estate agents because the business has plenty of benefits- potential for great wealth and because of the relative ease of obtaining a license, among several other benefits discussed below.
With a lot of money involved however, you can be sure that selling a house is no mean feat. Agents also require some different skills to be successful. Being a realtor is also a bit expensive, and can be frustrating and stressful at times.
The real estate industry is a growing field, here are six benefits of venturing into this career path today.
A Lucrative Field
Unlike many professions where employees are on salary or getting paid hourly, the harder you work as a real estate agent, the more money you will make. The income with most agents is not based on salary, but they receive pay based on the properties they sell and cost of properties.There is a high turnover in the industry, and if an agent has great personality skills and a strong work ethic, then they can find themselves doing extremely well. The commission you get from a single sale can be very high than what other employees on a payroll make in a month.
Set Your Own Working Hours
A great perk of being a real estate agent is that you can set you own schedule. Usually, these hours will be based on the needs of your clients.
If you have clients who cannot visit homes until the afternoon, then you don’t have to go to work until that time. You can also take a few days off and another agent can cover you up if you are in an agency. That said however, you still have to work hard to prospect new clients- developing marketing strategies and cold calling.
Unlimited Business Growth
When a real estate agent makes their clients happy, there is a high chance for others to be referred to them. With every client satisfied, expanding the business can be quite easy. Agents also have the opportunity to take advantage of, and leverage other partners, hence reaching out to some of the successful brokerage firms in the industry.
Additionally, if you are working in a corporation, your growth is limited to some degree. However, the real estate industry has no limits. It is up to you to set your own limits. You for the most part are totally in charge of your sales and marketing. Whether you’re the type of person who has a huge database of warm market contacts you’ve built up over the years or maybe you enjoy the cold calling or door knocking process. Either way real estate can work for you. Some realtors are now getting very creative with their marketing and creating great value for their prospective clients up front like http://homesinedmonton.com did with their magazine designed to teach the average person the real estate how to’s. Regardless of your style, if you have great determination and work ethic to succeed, then you can reap greatly.
One of the biggest things about being a real estate agent is the total flexibly and independence you can enjoy. You can engage in other part-time jobs, or if you are a parent, can take care of your children. The only boss you have is the broker in charge in your agency, besides which you are an autonomous contractor and your own boss. If you are done on all the activities of the day for instance, you can afford to rush home and get caught on laundry or other activities of your own. And now with so much business and networking being done online and on sites like Facebook many hours agents used to spent grinding out in the field can now be spent traveling or from the comfort of their home!
Personal Growth and More Knowledge
There are several things that you need to know about the industry, but as an agent, you gain more knowledge than the average person about the business.
You therefore, get to understand things that you need to consider and terms as well that are used in the realty market. Additionally, you meet a lot of people as a sales person. This is an excellent opportunity in itself for growth since you learn lots of things from those you meet. You grow professionally and personally as well. Your communication skills will improve, and you become more confident.
Real estate agents have the chance to help families realize their dream of home ownership. Finding a home is one of the greatest dreams for many people and agents play a big role in making that dream a reality. This video explains exactly why people truly need and benefit from realtors in the buying and selling process.
If you decide on this career path, then you will have opened countless opportunities. If you are committed and willing to work hard, then you will find yourself enjoying a rewarding career. This industry has unlimited potential for income, and is a profession that allows you to make good money with a flexible schedule and a chance to make a difference in people’s lives.