Corcoran Shares What You Need to Go from $40,000 to $8 Million

Want to succeed in real estate? The best methods for success come from someone who has built a fortune in real estate.

Barbara Ann Corcoran has overcome many hurdles on her way to building a successful real estate career. She is a businesswoman, investor, speaker, consultant, syndicated columnist, author, and television personality. She is a “shark” investor on ABC’s Shark Tank.

Corcoran, who turned a $1,000 loan into a $5 billion real estate business, explains that she built a real estate business after failing at a number of other jobs.

“I had 22 jobs before I started my own business at the age of 23, and I didn’t want one more boss telling me what to do,” she said. “So I was motivated simply because I didn’t want a boss.”

Corcoran says that she never knew why she kept changing jobs, because she liked each and every one of them.

“What I didn’t like was someone telling me what to do,” she says.

But how you will succeed may be defined by how you handle challenges that may arise along the way as you build your business.

“I knew that I more than any other broker out there was great at taking a hit and taking rejection,” Corcoran explains.

The essence of any broker is not how well you succeed, but how you take the hit.

“The most passionate people feel the hit the hardest,” she said.

As a real estate agent, if you want to achieve success, much like Corcoran did, you can set the path by jotting down a “Why Statement,” which can be one sentence that clearly expresses your contribution and impact.

In any profession, including real estate, having something to prove can be the difference between earning $40,000 a year and $8 million a year.

“Insecurity is a wonderful motivator,” Corcoran concludes.