BUSINESS PLAN

Remember, you are running a business!

YOU, Inc.

The Mission Statement should identify:
  • What clients to be served
  • What services to be offered
  • What unique features and/or services to be offered
  • What your commitment is

The five stages of Growth
What stage of your career are you in nowBuilding... Leveling Off... Cutting Back


WHAT ... is the next logical question. What . . .
. . is the major objective of YOU, Inc.
. . is the public image of YOU, Inc.
. . is the philosophy of YOU, Inc.
. . is the environment in which YOU, Inc. must function .
. . is the financial cost of keeping YOU, Inc. viable
. . is the business volume necessary to meet those financial responsibilities


Goals - Monthly; Yearly; 3-Year; 5-Year; Life Listings
  1. Number of listings taken
  2. Number of listing appointments
  3. What percent of listings sell
  4. What percent do I double-dip
  5. What percent of the listings are sold through the M.L.S. by Co-ops
  6. What is the M.L.S. average days on the market
  7. What is the M.L.S. average sales price
  8. What is the M.L.S. average sales price to list price ratio
  9. What is Your average days on the market
  10. What is Your average sales price
  11. What is Your average sales price to list price ratio
  12. Track where all listings come from

Sales
  1. M.L.S. average sales price
  2. Your average sales price
  3. How many closings
  4. How many contracts written
  5. Percent of contracts to close
  6. Track where all buyers come from
  7. Marketing plan for attracting buyers
  8. Sales support staff - Lender, Title Company, Inspector, etc...

Marketing Strategy - Property
  1. What is your marketing budget
  2. What do you want to achieve
  3. Track all ad-calls
Sign with photo plus inserts
Cable TV show
Brochure box on sign
Nightly FAX's to Real Estate offices
Harman Homes - Personal pages
Home Books
Personal 1-800 # - Free relocation kit
Telemarketing

Marketing Strategy - Personal
  1. What is your marketing budget
  2. What do you want to achieve
Photo on everything
Write Newspaper articles
Personal Logo
Stay within budget
Billboards
Most Important - Be Yourself!

Prospecting - See attached list

Realtor Education and Development
  1. Attend six seminars each year

Personal Assistant
  1. Either hire one or you are one

Servicing
  1. Have a written servicing program for buyers and sellers (Check-list)

Vacations
  1. By January 1, have vacations picked out and paid in-full

Family Life
  1. Have one, you only live once, you're not Superman

Personal Finances
  1. Have a goal for what you want in retirement
  2. Time and amount
  3. Find a trusted professional
  4. Only invest in what you know about

Personal Trainer
  1. Hire one
  2. Enjoy feeling good

Listen to one audio tape each day
Farm other franchises not in your area
Have an out-of-town-agent farm
Become a CRS, Attend CRS SELL-E-BRATION
Mail Just-Listed/Just Sold Cards Telemarket after them
Farm Sphere of Influence .. Past customers .. Geographic Farms
Homebuilders Association .. Chamber of Commerce Members
Chamber of Commerce Inquiries .. New Borns .. Headhunters
Have your own Board of Directors .. Meet twice yearly
Work your fellow co-op agents
Track where all business comes from

Most Importantly . . Make a Profit!


Greater Cincinnati/Northern Kentucky Referrals

MIKE PARKER - CRS, GRI

1-800-356-4530

[ Back ]
Old Fashion Service, Todays Technology!
Mike Parker - CRS, GRI
Office: (606) 647-0700
Huff Realty
Pager: (513) 632-0844
60 Cavalier Blvd.
Toll Free: (800) 356-4530
Florence, KY 41042
Fax: (606) 647-9065

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