238 - How To Be A Realtor On A Budget - a podcast by Michael Montgomery

As our costs go up and deals begin to slow in the face of rising interests, how can we still be wildly successful while still on a budget? In real estate, budgeting is tricky. We’re attracted by the allure of novel marketing approaches and companies selling us leads.

In this episode, we look at the concept of increasing our fees. Is this a viable solution? Also, how can we change the way we think about budgeting?

We will look at some of the lowest-cost marketing strategies with asymmetrically high returns. Finally, we will look at discretionary spending in real estate and how we can strategically limit our spending.

0:00 Intro

0:37 Can we increase our fees?

1:36 Budget obstacles can be beneficial

3:30 Paid marketing vs unpaid marketing

6:09 Phone skills

8:17 Agent referrals

9:30 Sweat equity

10:19 Handwritten cards

11:39 First spending item to remove

13:18 On the road spending

14:22 Discretionary spending hacks

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Rev Real Estate School: https://www.revrealestateschool.com/

Rev Real Estate School is here to teach real estate agents how to become successful in their careers and 2x your production while working 5 days per week by working your SOI. The real estate agent tips and tricks will benefit beginner agents and growing REALTORs® with marketing ideas, database marketing, social media, scripts, dialogues, habits, mindset, networking, skills, and negotiation.

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