5 Rules for Building and Growing Your Real Estate BusinessOct 10, 2022
There are five essential rules for building and growing your real estate business.
The first rule is to be needed, not needy. What is that one thing that you're fantastic at that you can do for other people that's easy for you to do?
Once you identify what that is, you have to ask yourself how you become the person that when you don't come around for a few days, a few weeks, a few months, people start to go "hey, where is so-and-so?" They need you! And when it does come down to when you actually need something, people are happy to help because you've added tremendous value to them in the past.
The second rule is to be consistent. In order to build a successful business, you need to show up and put in the work day after day. This doesn't mean that you have to do the exact same thing every day, but it does mean that you need to be consistently moving toward your goals.
The third rule is to be patient. Rome wasn't built in a day and neither is a successful real estate business. It takes time to find the right clients, build relationships, and close deals. If you're patient and put in the work, eventually you will see results.
The fourth rule is to always be open to learning. The real estate industry is constantly changing so it's important that you stay up-to-date on new laws, regulations, and trends. The best way to do this is to read industry publications, listen to podcasts, be part of a circle and attend conferences and seminars.
Consistently build your net worth through your network.
The fifth and final rule is to have fun! If you're not enjoying what you're doing then it's going to be very difficult to stick with it long-term. Find ways to enjoy the process and the journey, even when things get tough.
If you follow these five rules, you'll be well on your way to building a successful real estate business. But remember, the most important thing is to just get started! Don't wait for the perfect time or circumstances because there never will be one. Just take that first step today and see where it takes you.
The information contained herein is for general guidance on matters of interest only. This information contained herein is not intended to provide you with any advice on financial planning, investment, insurance, legal, accounting, tax or similar matters and should not be relied upon for such purposes. M1 Real Capital Inc, Marcin Drozdz is not a financial, legal or tax adviser. You should assess whether you require such advisers and additional information and, where appropriate, seek independent professional advice. You understand this to be an expression of opinions and not professional advice. You are solely responsible for any actions you take with the content and hold M1 Real Capital Inc, Marcin Drozdz or any of his affiliates harmless in any event or claim.