- Joined
- Jan 26, 2016
- Messages
- 29
Rep Bank
$220
$220
User Power: 79%
I found mild success and yet still feel I have failed.
Over the last 8 years I have spent my time establishing myself as a successful Realtor. 3 years into this journey I came to the conclusion that if I did not start to hire agents I would be stuck self employed forever. Only as good as my next sale.
This new business team model came with some success and some challenges but most of all I learned how hard it was to operate a human resource system with 1099 independent contractors. Finding committed talent for a Real estate team can be hard!
The key to this business is lead gen, recruiting, training and retention. With that said 87% of agents fail in the 1st 2 years so sometimes I feel like I’m building a business on quicksand. 1 step forward and 2 steps back.
While we are at 8 agents it’s not as lucrative as I had wished and I really dislike running around with clients myself anymore. At this point I am considering my options and would love feedback.
Option 1- Make a change and get into the mortgage business. There are far less loan officers and my sales background would help my transition into this somewhat smoothly. On top of that I wouldn’t be running around on nights and weekends with clients. This seems to be a bit more scaleable in comparison to real estate sales and possibly more lucrative while still working on my online business.
Option 2- Stick it out with real estate sales, try to find more agents to grow and focus on building my online business ( I started 3 years ago) it’s a podcast for realtors that makes money through ad revenue and affiliates. Currently doing a couple thousand per month (Not much at all, but it’s showing signs of life) . I have been researching monetization models such as courses and membership sites to add value and increase revenue to the business.
Option 3- Keep the team, try the mortgage route and continue to try to build the online business.
I’m now 30. I am successful to my piers in my industry yet I don’t feel like it at all. I started at 22 and I’m still nowhere near my personal goals. What road should I take to get to my fastlane goals? What is the best business vehicle?
Over the last 8 years I have spent my time establishing myself as a successful Realtor. 3 years into this journey I came to the conclusion that if I did not start to hire agents I would be stuck self employed forever. Only as good as my next sale.
This new business team model came with some success and some challenges but most of all I learned how hard it was to operate a human resource system with 1099 independent contractors. Finding committed talent for a Real estate team can be hard!
The key to this business is lead gen, recruiting, training and retention. With that said 87% of agents fail in the 1st 2 years so sometimes I feel like I’m building a business on quicksand. 1 step forward and 2 steps back.
While we are at 8 agents it’s not as lucrative as I had wished and I really dislike running around with clients myself anymore. At this point I am considering my options and would love feedback.
Option 1- Make a change and get into the mortgage business. There are far less loan officers and my sales background would help my transition into this somewhat smoothly. On top of that I wouldn’t be running around on nights and weekends with clients. This seems to be a bit more scaleable in comparison to real estate sales and possibly more lucrative while still working on my online business.
Option 2- Stick it out with real estate sales, try to find more agents to grow and focus on building my online business ( I started 3 years ago) it’s a podcast for realtors that makes money through ad revenue and affiliates. Currently doing a couple thousand per month (Not much at all, but it’s showing signs of life) . I have been researching monetization models such as courses and membership sites to add value and increase revenue to the business.
Option 3- Keep the team, try the mortgage route and continue to try to build the online business.
I’m now 30. I am successful to my piers in my industry yet I don’t feel like it at all. I started at 22 and I’m still nowhere near my personal goals. What road should I take to get to my fastlane goals? What is the best business vehicle?
Dislike ads? Become a Fastlane member:
Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)
Membership Required: Upgrade to Expose Nearly 1,000,000 Posts
Ready to Unleash the Millionaire Entrepreneur in You?
Become a member of the Fastlane Forum, the private community founded by best-selling author and multi-millionaire entrepreneur MJ DeMarco. Since 2007, MJ DeMarco has poured his heart and soul into the Fastlane Forum, helping entrepreneurs reclaim their time, win their financial freedom, and live their best life.
With more than 39,000 posts packed with insights, strategies, and advice, you’re not just a member—you’re stepping into MJ’s inner-circle, a place where you’ll never be left alone.
Become a member and gain immediate access to...
- Active Community: Ever join a community only to find it DEAD? Not at Fastlane! As you can see from our home page, life-changing content is posted dozens of times daily.
- Exclusive Insights: Direct access to MJ DeMarco’s daily contributions and wisdom.
- Powerful Networking Opportunities: Connect with a diverse group of successful entrepreneurs who can offer mentorship, collaboration, and opportunities.
- Proven Strategies: Learn from the best in the business, with actionable advice and strategies that can accelerate your success.
"You are the average of the five people you surround yourself with the most..."
Who are you surrounding yourself with? Surround yourself with millionaire success. Join Fastlane today!
Join Today