Data Driven Decisions

Time is powerful, and the way you manage your diary is the way you run your life. You decide where to put your time, energy and resources. In this Coaching Tip, I’m talking about the data-driven decisions you could be making as an agent to get better results.

Data-driven decisions determine how you should be spending your time. First, we’ll get clarity on what your actual lead sources are. And we’ll talk about where and how you actually meet your vendors.

We’ll talk about the importance of being clear on what it is you do so you can teach it to all the new people who join your business. I’ll give you the best strategy to set them up to amplify a specific lead source and get results.

I’ll also explain getting and using the measurements for your conversion campaign, and I’ll give you the 2 questions that turn a buyer into a seller. Data-driven decisions will tell you what to say, which resources to apply, and how best to allocate your time.

I hope you’ve enjoyed today’s Coaching Tip, and I look forward to seeing you here again next week.

Ep 245 – The game of confidence

In this week’s podcast, Alexander Phillips and Josh Phegan discuss the game of confidence. What impact will the Melbourne lockdown have on national confidence? And what would Alexander do if he had 30 business days to improve his business in a lockdown?

What do you do with feedback?

Often we simply do what other agents do, especially when we collect feedback. So what do you do with feedback? In this week’s Coaching Tip I’m going to tell you how to get the feedback you can actually use, and how to really make it work for you.

Most agents get feedback right after the property sells, but the response you get is dependent on your result, the time it took, and the sale method. What you want to find out is why you won the business in the first place.

If you lose a listing, the feedback you get will often be delivered as a subtle let-down. This feedback is not going to help you improve, and it may lead to you making bad decisions in your next listing presentation based upon your diminished self-confidence.

Your best feedback will happen within 24 hours of winning the listing. I’ll tell you the best way to gather that feedback and the best questions to ask, and I’ll share insights and benefits I’ve gained from using these methods inside of my own business.

I hope you’ve enjoyed today’s Coaching Tip, and I look forward to seeing you here again next week.

Teach, Test, Train

As a sales manager, owner, or principal, your job is to provide a platform that guarantees success for your people. In my Growth, Leadership and Management Tip this month I’ll show you how to teach, test, train fundamental skills to accomplish that goal.

When you teach your people how to list they learn to tell the story of what your business does for the client. Ultimately they will provide the level of service needed to deliver on the promise made at the listing presentation.

Teaching, testing and training your people means teaching them the basic idea, then testing them around what you need them to do, and then retraining those skills until they get it right. A great agent will spend the time required to learn those skills.

I’ll tell you how to test around listing skills, and outline the points to look at as they run through their presentation. After you test you’ll know where to retrain. And I’ll show you how teach, test, train leads to higher levels of growth within your team and your business.

I hope you’ve enjoyed this month’s Growth, Leadership and Management Tip, and I look forward to seeing you here again next month.

Ep 244 – Recession? How to work through market cycles

In this week’s podcast, Alexander Phillips and Josh Phegan discuss why it’s healthy for a market to expand and contract. While technically we’re in a recession it doesn’t feel like it. Factors like the lowest interest rates on record, restrictions on what we can do, and Australians fascination with the property may well see it as the ‘safe haven’ during choppy conditions.

Cycles – Less Stock; Less Fee?

We’re in a crisis of confidence. Agents are in a panic that there won’t be enough stock, so they drop fee. In my Coaching Tip this week we’re talking about why this less stock, less fee competition doesn’t make sense, and what you need to be doing instead.

I’ll step through the numbers for you so that you can clearly see why competing on fee is a recipe for disaster. You need to compete on value because ultimately consumers want the best agents in the marketplace to represent them – not the cheapest.

You need to charge what you’re worth and be worth what you charge. You deserve to be paid, for the level of service you provide, and I’ll tell you exactly how to do it. You’ve got to understand negotiation, and I’ll even give you some great dialogue you can use.

The reality is, it doesn’t matter what level agent you are. What’s important is that you don’t drag down the industry by making this low stock, low fee mistake. You win by demonstrating the value you bring to the table in a way the customer cares about.

I hope you’ve enjoyed today’s Coaching Tip, and I look forward to seeing you here again next week.

Ep 243 – How to prepare for Spring

In this week’s podcast, Alexander Phillips and Josh Phegan discuss the move into Spring. With August fast approaching, we’re already booking for September Auction campaigns. What you produce in August, determines the momentum you head in with to the Spring market. What influences will COVID have? And will we see a rapid increase in available stock?

The Three Meetings: Buyer Hitlist, Potential Seller, Stock Review

The more often you meet, the faster your business grows. In this Coaching Tip, I’ll show you the three meetings that address control areas you must have in play to be an amazing agent – buyer hitlist, potential seller, and stock review.

Mondays are great for your buyer hitlist meeting where you’ll focus on all the buyers you’ve met in the course of the last 7 days, where they are in their process, and how to place them in their appropriate categories.

On Tuesdays, we’re going to do meetings about chasing the pipeline. This is where you’ll look at potential sellers, people coming to market, their problems, timelines and destinations, and how to help them get momentum in making timely decisions.

The third critical meeting is the stock review to check the status of every listing you have and decide what needs to be done next to get each property to sell. These three meetings will keep you future-focused and doing more of the work that really counts.

I hope you’ve enjoyed today’s Coaching Tip, and I look forward to seeing you here again next week.

Ep 242 – Core skills and hunger for growth

In this week’s podcast, Alexander Phillips and Josh Phegan discuss the most common element for any agent that makes it – their hunger for growth. To be seriously good, you have to master the core skills – from prospecting to listing, to negotiation. You never know when or where you’re going to learn something, the secret is to keep showing up.

Getting back the Rhythm

If you want to be an incredible agent you’ve got to do what great agents do. It’s all about getting back the rhythm, and I’ll start off my Coaching Tip this week with an overview of the things that allow you to play at your best.

When I look at my best days I see that I’ve made human progress, and that makes me feel good about my work. When I break that day down further I find out why everything worked out so well for me, and I’ll share those elements with you.

We’ll talk about setting intention and why that’s necessary for turning your business around. The number one thing you’ve got to do is to reset your routine and redefine what success is. I’ll guide you through some of the ways you can do that.

I’ll share the story of a client in our 30-Day Intense Program who committed to doing a call session every day, and at the end of it he achieved the most listings he’d ever had. The key is getting back the rhythm through routine and clarity, and that’s what I’ll show you today.

I hope you’ve enjoyed today’s Coaching Tip, and I look forward to seeing you here again next week.