Mitch 's Blog

head_left_image

Ethics - Does anyone really care? A follow up from my last blog.

As I sit here on a Sunday morning, eating a few pistacio nuts and enjoying the sounds of my waterfall from my pool and the boats going by on the canal right now I think back of when I started in this business in 2001.  So many great things have happened to me since then.  I was successful immediately upon entering the business.  I know now that was just because like my companies before, I would run this like all those companies.  My main focus in business has always been help my customers the best I can and I will get paid.  Don't worry about the cash because it will always be there if you do the right thing.  In this business, more than any I have ever owned (all 14 of them), this theory rings true. 

I didn't think this cheery about the business when I started.  I sold my first house in the first 30 days I was in the business.  In fact, I still call that couple mom and dad and they still call me son.  No, they weren't my real parents, but that's just the relationship that I build with all my customers.  My second customer didn't turn out that way.  Of course I hadn't had a bad experience yet (accept for starting on sept 10, 2001, we all know what happened the next day).  I had a pretty loyal customer I had been taking around showing waterfront properties.  There was a specific house that came on the market that I knew would be perfect.  Unfortunately he had left my cell phone at his house, it was a Sunday, so he just called the listing agent.  He told the listing Agent he was working with me and  you all know what the Agent said..."no problem, we all work as a team in this business and I will certainly let Mitch know and we will take care of him".  They certainly did.  They called me after they had a contract and informed me that he was now their customer and if I continued to call him they would file a grievance against me. If I knew then what I know now it would have ended differently.  I had been in the business for less than 2 months and I had been screwed already.  Wow, I thought.  Is this the type of people I am going to work with for the rest of my life.  I had turned down $250k a year jobs for this!  I was appalled!  I went home to my girlfriend, now my wife and told her what happened.  I told her I was going to accept one of the job offers I had received to run a major radio stations Internet Marketing program (yes, I have been doing Internet marketing a long time!).  Her words, which were probably the best thing she has ever said to me, were: "If you quit now, every person you had a chance to help has a chance of being screwed by another Realtor".  Those word stuck with me and changed the course of my life. 

One of the things I teach when I'm teaching other Brokerages about Internet Marketing, Sales, Lead Capture and Lead Conversion through The eHomes Realty Network is my mirror assessment tool.  I have been doing this for years.  Several times per week I will stand in front of my mirror and ask myself, while looking deep in my eyes, some questions such as; have I been a good person this week? Have I worked as hard as possible this week? Have I tried to help as many people as possible this week?  You may or may not know, it's impossible to lie to yourself when looking in the mirror.  If you have a chance, try it.  You might actually scare yourself.  We all have issues, but when looking in your eyes through the mirror you can confront them.  For me it was a life changing event when I started doing this.  I live every day the best that I can because I'm terrified of myself.  I know I'm going to have to answer to myself in the mirror and I really don't want to be a bad person.  Therefore I'm not.  Try it, it's very cool.

So what can we do about getting these, what I call, Evil Realtors out of our business.  Their only goal is to make money at anyones expense.  They will screw the good Realtor, the customer, the general public just to make a buck.  Many of these Realtors are the highest paid Realtors in our areas.  We have one locally who thinks he is king.  He get every million dollar listing because of  his ability to pursuade.  If only he used it for good and not evil.  He has even been stripped of his Southerby's Franchise yet people are still falling for bull crap games.  I had tried to file a grievance against him in the past, but I was told by FAR that it's not our job to protect the public and since I'm not involved in the transaction, I could not do anything.  What type of system do we have when we really can't police ourselves?  Sure, he ever does anything remotely unethical to me or my Agents I will take him down. Unfortunately or maybe fortunately we don't do business with him so it will never happen. 

So I'm back to my question and I want your help.  I think we have enough brains here on Active Rain to figure out how to deal with these Agents.  Personally I think it's up to us to file a grievance every single chance you get.  Unfortunately even a successful grievance is not released to the public so the Realtor keeps going.  I talked to a Broker once who told me with a laugh; "I have had 5 grievances filed against me but I'm able to talk myself out of them.  They will never get me!"  True quote.  I almost puked and told her I hope I'm the one that get's to nail you at some point.  I'm still waiting!

Ok, I think I've said enough to get my point across.  I'll await your responses to see what you all think.  Hopefully we will come up with something helpful that will let us, the Good Realtor overcome the Evil Realtor.  It's the old good verse evil scenario and if the good doesn't win, I wonder what will happen to our business.  I'm going back to the pool to enjoy the rest of my pistachios while watching the manatees play in the water...it certainly is a great business. 

11 commentsMitch Ribak • August 24 2008 08:02AM

Are you a Realtor or a Marketer?

I don't see to many posts on here that really make the distinction between the two.  Are you a Realtor?  Yes, you all have your license, but are you really a Realtor?  Do you know your job as good as you should?  Do you continue to become educated? Do your run your Real Estate business as a business?  Do you have a solid customer service program?  I could go on, but I think you get the point. 

Or, are you a marketer?  Do you spend all your time figuring out lead conversion and capture? (yes if you know me I'm an addict!) Do you spend your advertising dollars on brand marketing? Print? TV? Radio? and so one! 

In the end, you have to be good at both of these aspects of business.  I see many Realtors who really don't care about being a Realtor. They just want to make money from customers with the least amount of work they can possibly do.  I see this all the time and it's really disheartening to me.  They give the customer the minimal customer service to get by while earning a very large commission.  I don't know if these people actually look in the mirror to judge themselves, I know I couldn't if I was like that.

I think if you are going to be a Realtor you need to spend a ton of time becoming the best you can be.  After all, our customers are depending on us to help them through their most important purchase of their lives. 

On the marketing end, there are a lot of "celebrity" Realtors. These are the Realtors you see  marketing themselves all over town. In our area, these are the Realtors I that should be .... well I won't say that because it won't be nice. 

I'm a believer that if you are going to market yourself as something special, then you really need to be that someone special. If you are getting tons of leads with your  marketing but not helping your customers, what is your purpose?  I know, to make money.  To me, one of the best parts of being a Realtor is the smile and gratitude that I get from my customers when we close on their dream home.  I can't imagine the Agents who really are marketers know what I'm talking about.  They most likely wouldn't really care about the customer as they need to get to the bank to cash their check. 

So why am I talking about this?  It's an interesting question to me.  Mos to the Agents that I see marketing themselves tremendously are some of the worst.  Then there are companies like my company that just our Internet marketing program, don't worry about branding, and do an incredible job of taking care of our customers.  I guess I wish the "celebrity" Realtors would take a lesson in life and start helping their customers and not selling their customers because of their marketing. 

Ok, I know this is a little negative for me, but I have seen a few things lately that disgust me.  I've seen so many bad Realtors in our business totaly ruin our reputations and frankly I'm sick of it.  I think it's time to start building our reputation back as good business people that are knowledgable and ready to help our customers. 

On another note, I think most of the Realtors are basically good. Its just those 30% of evil ones that are bad!  If you are one of us, the good ones, give yourself a pat on your back from not selling yourself to the devil to make a buck!

8 commentsMitch Ribak • August 24 2008 12:03AM

Great day of Training in Denver Colorado!

Well it's been a long day today.  I spent the day training a Real Estate team, one of our members of The EHomes Realty Network (www.ehomesrealtynetwork.com).  It was great day.  We touched on a ton of subjects.  One thing that I don't even think Brian, the Team Leader, expected, was the amount of training that we do on other subjects besides the 100MPH Marketing System. 

Some of the subjects we covered today are:

Basic Training - Learn the basics in selling real estate using the Help Sell method.

100MPH Marketing - The system in which we manage our Internet leads to convert them to sales.  It's not our software but it's the system we have been using since 2002!

Listen and Evaluating - Learn how to figure out which customers are going to buy now and which ones are not going to buy.  Are you letting the good customers get away while you are working with the wrong customer. 

10 Things to get you started in Real Estate - Learn some of our effective marketing programs that are cost effective and successful.  Learn how to get FSBO's to send you referrals!

The Next Level - Learn how to take your business to the Next Level.  Why aren't you in the top 20% in your market?

Yes, there was a lot of training going on in this one day session.  Usually I try to break this into 2 days but my schedule didn't permit me being here any longer.

If you are interested in supercharging your real estate career it's time to join The eHomes Realty Network!

You can join the Network at: http://www.ehomesrealtynetwork.com/index.cfm/Register

 

1 commentMitch Ribak • August 21 2008 07:38PM

The Help Sell! Are you selling or helping your customers?

I wrote a blog the other day that spoke about my "Help" sales attitude that I have used for over 25 years.  http://activerain.com/blogs/mitchster  It's a pretty simple philosophy, yet is practiced by so few.  Back when I was younger I attended a few seminars by Tom Hopkins and Zig Zigler and a few others that escape my mind...most likely because I didn't like what they taught.  Back then, probably the early to mid 80's, they were teaching about this close and that close.  The ABC philosophy of always be closing was the mantra of many sales trainers back then.  I remember coming away from there not believing that these guys could sell anyone with that stuff.  Even if they did, would their customers actually call them or refer them more business once they felt "sold".  I didn't think so. 

My first company was a modular home company.  I had no training in sales, I just did what felt right.  I figured that some people would buy the homes and others wouldn't be interested.  It didn't really matter to me because even back then I knew that if I talked to enough people and offered to help them, they would use me. 

The point of this post, as well as my "I Don't Sell You, I Help You" manual which you can only read from that post, is just help your customers.  It's really not a big secret how to be the best "sales person" you can be.  I don't care what you are selling.  Just listen, refine and help your customers to the best of your ability.  Have fun with the process versus getting frustrated.  I tell people all the time that when I got married in 2004 we had 180 people come out.  Fifty of them were customers that I had built good friendships with since I started Real Estate in 2001.  Almost all my customers have remained loyal over the years and are always sending me referrals.  In reality, if I stopped doing The eHomes Realty Network (www.eHomesRealtyNetwork.com) and went back to selling homes, I wouldn't have to do any marketing at all.  I would just let me past customers I know that I am now selling homes if they know of anyone.  Each year I give about $5 million in sales or more away to my Agents.   My job now is to teach.  I teach people not only the Internet stuff that many of you know me for, but I teach how to succeed in the Real Estate business...but honestly, the stuff I teach works with any business...the philosophy is still the same.  Just help as many people as I can and I will evenually get paid.  Remember, don't sell them, help them!

If you are interested in joining The eHomes Realty Network, please check it out.  I have built it with the same philosophy in mind.  I don't need to sell my Network.  I am just helping Realtors become better!

8 commentsMitch Ribak • August 18 2008 06:12AM

Are you in Business or are you just a Realtor?

As most of you know, I started the eHomes Realty Network (www.eHomesRealtyNetwork.com) this past weekend.  To say the least it has been an excellent start with a bunch of new members our first weekend!  I'm very excited. 

I wanted to share a call I got from one of my new members yesterday.  It was a great call and I think it really says alot about the mindset of Realtors, well at least most Realtors that I have met.  She told me how she had been doing business the past few years and it just hasn't been working out the way it was 5 years ago when she started.  Of course we all know that a few years ago all you had to do was get a license and you made $100,000 a year....if not a month for some people!  She really didn't know what she was doing, but she knew she had to make a change.

After spending about a half hour with her we finally figured it out.  Acutally I knew from almost the beginning of the conversation, but I wanted her to realize the problem.  It was simple.  She was a Realtor with no business experience and now she was trying to stay afloat with no idea how.  The answer is really easy, she had to look at selling homes as any other business.  We talked about writing a business plan and an action plan.  The answer to being a successful Realtor or Broker is not rocket science.  However, if you have never run a business, how do you expect to do so now without any training or help.  Of course that is the purpose of The eHomes Realty Network. 

So you need to ask yourself...do you run your Real Estate company as a business?  If not, it's time you start thinking like a business person.  If you need help figuring this out, that's what I'm here to do for you!

5 commentsMitch Ribak • August 17 2008 08:17PM

I don't sell you, I help you!

This has been my slogan since I started in business over 25 years ago...hmmm actually almost 30 years ago!   I have lived by this message which is why I have had such a great response to my new company, The eHomes Realty Network.  One of the biggest issues I see with most people either in business for themselves but doing it wrong and others that just aren't willing to take the risk is their lack of willingness to change.

One of my manuals, which I have decided to post it on my site, I usually give this to my new Agents when I hire them and to people that have want to start a business.  Since many of you know my philosophies about being the best business person will help you be the best Realtor, I decided to open this up to the public to read.  It's had some great reviews and I know it's helped a bunch of people.

It's a quick read, but it's still about 50 pages.  If you would like to read it, here it is.  Just go to:

http://www.ehomesrealtynetwork.org/index.cfm/Sales_and_More_Guide/TurnOffPageHitStats/0

If you have any questions once you are done, please feel free to drop me a note. 

6 commentsMitch Ribak • August 16 2008 10:09PM

Day 1 of New Members at The eHomes Realty Network!

It's been a busy day with the new launch of The eHomes Realty Network.  So far we have 23 new members and counting!  My goal was to hit 30 so we are pretty close.  Thank you to all of you who have decided to increase your Internet education and production.  I'm sure you will be very happy with your new membership.

If you haven't joined and are interested in joining, check it out.  Go to:

www.eHomesRealtyNetwork.com and see what we have to offer.  It's the best education you can buy for $39.95 a month.  I wish this was around when I started my Internet Marketing.  I would have saved hundreds of thousands of dollars!

If you have any questions, feel free to email me at mitch@eHomesRealtyNetwork.com

Welcome Aboard!

 

2 commentsMitch Ribak • August 15 2008 04:23PM

Starting tomorrow after 12 noon we will be accepting Members to eHomes Realty Network!

The fun is finally here.  I haven't slept in the past week making sure everything is working on the site.  We will be holding our first webinar on Septeber 12 at 2pm est.  Our Webinars are only available for our Members of The eHomes Realty Network.  Below are some of the many benefits of being a member. 

Let's get something straight.  I know how many people are trying to get your money these days.  This is not my purpose.  My purpose was to build a site, charge a very affordable monthly fee, and teach you how to be successful with your Internet Program.  If you are trying to become successful and are not sure how do to this, why spend thousands figuring it out.  Believe me, I spent close to a half million dollars figuring this all out and I know more about Intnernet Marketing than most people...never mind Agents. 

Remember, I am a live working Real Estate office practicing this stuff each and every day!

Here are some of our benefits!

Learn a proven Lead Conversion System that we have been developing and proving for 6 years!

Website Consultation - Let's take a look at your site and how to improve your capture rates.

Real Estate Training - Read our training manuals which will have an immediate affect on your business

Business Consulting - Are you a business person?  If not do you know how to run your own business. Even as an Agent you are still running your own business.

Internet Consulting - If you are going to market online, do you know how?  If not, why waste your money when I have been doing this since 1996.  Don't make the same mistakes that cost me thousands of dollars!

Referral Network - As The eHomes Realty Network grows, so does our Referral Network! 

Volume Discounts - We have been working on creating opportunities to buy other products and services at discount rates.  We are going to continue to build this discount program to include products you will need to grow you business.

Currently we have member already registering as they know the value of our systems.  I'm here to help.  Take advantage of our low monthly fee.  Once you are a member, your fee is locked in forever!

I hope to see you at The eHomes Realty Network.  You can register at:

http://www.ehomesrealtynetwork.com/index.cfm/Register

 

 

 

 

0 commentsMitch Ribak • August 14 2008 07:59PM

Do you know any good Real Estate Books? I'm still looking!

Hey Everyone!

A couple of days ago I asked for people to recommend good Real Estate or Business books they have read.  I am looking for a few books I haven't read to share with my Agents.  Is there any book that made you go "wow"!  If so, please respond and help me out. 

My favorite books are E-Myth by Michael Gerber and Good to Great by Jim Collins.  Let me hear from you, what are your favorite books!

Thanks for your help!

4 commentsMitch Ribak • August 13 2008 07:34PM

Two days until the launch of The eHomes Realty Network

Well we are finally here.  I am still having some issues with the forums but that should be resolved quickly.  So if you have always wanted Internet Training to learn how to capture and convert leads, follow up Internet leads and so much more, this is the time! Learn from someone who has been using the Internet for 6 years to generate business. So far our small office has had 175 transaction (not counting the 48 waiting to close) this year...and all from the Internet!

So far we have already had 27 people register to join and we haven't opened the doors yet!  Now that's exciting!

To find out more about The eHomes Realty Network, please go to:

http://www.ehomesrealtynetwork.com/index.cfm/Benefits_of_Membership

Keep in mind that the price we are offering is the introductory price.  Once the Network grows, the price will eventually go up.  Where else can you get this type of consultation for $39.95 per month?  Join the many Agents that have already had a chance to work with me and increase their business.  You can check out a few of my testimonials at: http://www.ehomesrealtynetwork.com/index.cfm/Testimonials

We also have worked out some great discounts for our Members and more in the works.  The discounts alone will pay for your membership!

So to supercharge your Internet Program check us out!

0 commentsMitch Ribak • August 13 2008 05:08PM