1. Money

Top 6 New Real Estate Agent Business Plan Activities

By

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.

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. The tools and instructions here 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.

1. Meet Your Peers and Ask the Right Questions

When you haven't done it before, some of the data items you need in order to budget and plan your marketing activities are quite difficult to come by. Get to know the other agents in your office, listen and ask questions.

2. Jumpstart Your Prospect List

Just about any successful agent will tell you that your sphere of influence contact list is your most important asset. Find out how to get it off the ground fast.

3. Get Your Costs Nailed Down

Knowing what you need to realize in commission revenues in order to pay your business and personal obligations is quite important. Use this spreadsheet approach for a fast detailed expense analysis.

4. Make a Marketing Plan and Budget

What are you going to do to generate business? How much will it cost and will it be effective? Find out how to construct your marketing plan and budget.

5. Filling Your Sales Funnel for Commission Results

Use this spreadsheet plan to analyze the expected commission returns from your marketing and prospect types. Use it to adjust your plan for the best results. Learn what you need to do daily to make it happen.

6. "Up and Running in 30 Days"

A book with new real estate agent startup information, tips, practices and more.
Related Video
Adam Gerber on advertising business models
Jason McKay discusses rich media and new advertising tools
  1. About.com
  2. Money
  3. Real Estate Business
  4. A New Agent Plan
  5. New Real Estate Agent Business Plan - Get a Real Estate Agent Business Plan Now

©2014 About.com. All rights reserved.