Tag Archives: best real estate franchise

5 Ways To Leverage Your Network

One could argue that as a real estate broker, you are only as good as the people you surround yourself with. That being said, it is not only important that you build a strong brokerage filled with talented and motivated agents, but you need to cultivate a larger network filled with respected professionals with a wide variety of knowledge in diverse business areas. While most brokers have accumulated a good set of contacts over the years, it is important that you know how to leverage that network to get the most out of it in terms of leads, referrals, and insight. With some careful planning and a well-rounded strategy in place, you can easily squeeze a remarkable amount of value out of the network you have already built. Here are some proven methods of doing just that from the experts at Weichert.

Collaborate to Create Content

Everyone knows that in the digital era of real estate, content remains king. Rather than making all of your content completely about your brokerage, you can expand your reach by including appropriate network partners in your content. Partner with other local professionals, charities, small business owners, and complementary real estate professionals (ie. Lawyers, title companies, home inspection, etc.) to create hyperlocal infotainment style content that helps both businesses to grow, showcase expertise and capitalize on one another’s following. For example, you could partner with your preferred home inspection company to create a blog post about the top 3 things to look for in a home inspection. Or create a post on the best local restaurants for “date night” and partner with the owners or managers of those restaurants to build the content. Typically, those businesses that you partner with will be more than happy to promote your content on their own websites and social media, resulting in greater brand reach, and awareness.

Pay It Forward

Being generous with referrals helps to grow your own referral business exponentially. Have you ever had someone do a favor for you or send you a referral without being prompted to? Didn’t you notice how compelled you felt to pay back that favor? If you take the lead by sending referrals to people in your network that you trust and believe in, you can bet that they will be likely to return the favor. Be sure to keep your eyes peeled on social media platforms like Facebook which will make it easy for you to tag and refer the other business owners in your network. This rule of reciprocity is powerful and will help you to stand out in any networking group you belong to.

Attend Events With A Purpose

It’s easy to attend networking events and stick to people you may already know. While it is good to further develop the connections that you have already made, you should also push yourself to form new connections and look for opportunities to make additional connections within your existing network. Develop a good “elevator speech” about what you do that doesn’t make you sound like every other real estate professional in your market, clearly communicates who you target, and defines the value you provide. Also, make sure to ask the new people that you meet what type of referrals they are looking for so you can keep them in mind when looking for ways to pay it forward.

Look Outside Your Market

Social media is an excellent source of other real estate professionals and entrepreneurs that you can connect with to exchange ideas and solve challenges that arise as you grow. One easy way to connect with other like-minded professionals is to look for groups on Facebook and LinkedIn that focus around topics that can help you to grow, as well as, offer you the opportunity to share your own expertise. Additionally, there are plenty of real estate groups out there that can offer referrals and relocation business which can be profitable if you’re able to act quickly.

Leverage a Brand’s Internal Network

One of the best ways to take your networking options to the next level is to consider affiliation with a national brand like Weichert. While networking may not be the first thing you think of when considering joining a franchise, it can quickly become one of the major benefits of affiliation. A brand like Weichert for instance, brings with it the family-like camaraderie of other experienced brokers, trainers, and a huge infrastructure of coaching and lead generation that is part of the power of our internal network and our many real estate divisions. Our internal network can translate directly into sales opportunities through our international relocation company, our national lead generation network, our network of Referral Associates, online chat boards, as well as the relationships you develop directly with other Weichert brokers across the country through some of the many management conferences and events that Weichert facilitates.

At Weichert, we understand the power of networking because we’ve always taken a people-first approach to supporting every member of the team. To learn more about how Weichert brokers are empowered to develop and leverage our network go to www.weichertfranchise.com.

Is Franchising a Fit for You?

Don’t be so fast to say “no”.  If there’s one thing we’ve learned at Weichert, it’s that every brokerage is unique and that success is found in surprising places.  So many of our most successful franchisees first told us they weren’t looking to franchise. It’s not always experience, knowledge, or having some great agents that makes a brokerage successful: it’s also the ability to develop, follow and execute a well-thought out and strategic plan. This is the key to making franchising with the right partner a successful, profitable and rewarding business choice.

Analyzing Your Readiness for Real Estate Franchising

If you’re running your own business, you probably set certain goals for yourself. How have you been progressing toward those goals? Are you getting there as fast as you’d like? Or maybe you feel like you’ve plateaued and are looking for a solution to get you to the next milestone. If you fall into either of those categories, you might be ready to consider a franchise. It’s important to evaluate different franchise options and find out exactly how the process will work for your business.  Will the services they offer meet your brokerage’s needs and align with your company’s goals and values.

Another thing to consider is that no two franchise systems are created equal. Some, like Weichert, offer a high level of support, while others offer little more than their logo. Certain franchises ask for a significant investment, while others require less capital to become part of their brand. It’s all about understanding what you as a brokerage are getting for your part in the specific franchise that you are considering, and that means plenty of research. Not only should you be certain that you are going to get the growth you want, you should have a clear understanding of their services as they continue after your partnership, the expectations on both sides, and the reputation of the brand and franchising system itself.

Finally, you need make sure your new brand will support you in your market. The best real estate franchises will respect what independent brokers have built and the following they’ve developed. These opportunities offer high level support, ongoing services and a level of security in challenging real estate markets. This kind of support has often meant the difference between surviving and not surviving for many businesses. From real estate CRM and marketing tools to real estate coaching, Weichert in particular, has always been a franchise ahead of the curve when it comes to offering brokerages effective tools and support designed specifically for business growth.

To Join, or Not To Join a Real Estate Franchise

Tying your wagon to a real estate franchise is a big decision that demands serious consideration on the part of any broker. But if you have a vision for your success that includes listening, learning, and working differently than your competitors, you just might be next Weichert Real Estate Franchise success story. Contact us at https://www.weichertfranchise.com  for more information.

Affiliation: Is There Really Value In Joining Forces?

The short answer is “yes”. The longer answer might be finding the right match. If you were motivated enough to get your broker’s license and start your own agency, then you probably know your way around your local market and the competition in the area. You were probably an above average earner as an agent, but decided you wanted the added reward of running your own business. You achieved your goal, but you also inherited lots of other added responsibilities from doctoring deals to making sure the trash is emptied at night. If you ever wished you had some support to get ahead of it all, you are not alone. In this day and age, where technology and marketing changes at the speed of light, it can be difficult to keep up. This is where affiliating and joining forces with a company who has already figured out systems that work and has the resources to keep up can help your brokerage go from surviving to thriving.

Here are three ways affiliating can bolster your business:

  • Greater Sustainability: The 2008 financial crisis was a terrible time for the real estate industry. The housing market was no longer the backbone of economic growth and investment opportunities and its failure created what many feel was a lost decade in the industry from which we are still recovering. For many brokers, the market remains volatile and inventory is now a constant challenge. In the aftermath of this period, many brokers from both groups struggled or went out of business. Weichert Franchisees on the other hand largely survived and even grew during this period.  See this video from franchisee Mark Thomas as he discusses the Weichert tools and philosophy that helped him weather the crash of 2008.
  • Better Time Management:  Successful real estate brokers are generally experts at the sales process who are driven to grow the size of their business.  Running a brokerage is a massive drain on resources, money and time, and many brokers find themselves bogged down as a key producer for the brokerage, leaving little time to spend on actually growing their company. If you are an independent brokerage owner, it starts and ends with you – from recruiting agents and running marketing campaigns to managing payroll and even sitting in open houses. With no partner to share the load, you may find it impossible to get out in front of the day-to-day demands of listing and selling in order to actually move the business forward strategically. Franchising relationships can provide needed support and direction, freeing up time and resources that can be better spent on making your business a success.
  • Stronger Local Identity: Many business owners fear they will lose their identity by affiliating, but this does not have to be the case. With the right partner, not only can your brokerage continue to be a reflection of you, but that identity can grow stronger because you gain so much more. You are able to offer more to your clients and more to your agents, which amplifies the brand presence you’ve already built in your market. It’s not a matter of partnering with a real estate franchise – it’s about partnering with the best real estate franchise for your brokerage.

Why Affiliate with a Real Estate Franchise? Considerations for Real Estate Brokers

In considering a real estate franchise partner, many things are important. Do I want to continue in my current business model? Am I determined to figure out my growth and marketing issues on my own? Do I believe a partnership with a recognizable national real estate brand can help me? And last, but not least, with so many options out there, who can give me the guidance I need without compromising what I’ve built and my ability to make decisions for my business? If you’ve ever asked yourself any of these questions, then perhaps you should be talking to Weichert. Contact us today at https://www.weichertfranchise.com/.