You don’t have to be a financial wizard to know that inflation is impacting the bottom lines of both your business and household. Some brokerages are suggesting that agents cut their expenses by 10 – 20%.
Track Your Expenses
It’s the little things we buy that matter the most since we put much more thoughtful consideration into our larger expenses.
Track ALL of your expenses. Use an app such as Mint to help yourself. If going over all your expenses seems too overwhelming, zero in on what you spend at Starbucks and Amazon every month.
An important question for you. Spring 2022 is here…have you completed your 2022 Real Estate Business and Lead Generation Plan? If not, no worries. We have done the hard work for you. Download your 2022 REAL ESTATE TREASURE MAP! Text HARRIS to 47372. It’s that simple and takes 3 seconds. Text HARRIS to 47372 and when you do we will instantly text you back with a link to download. BONUS: For a limited time when you text HARRIS to 47372 you will also receive a Coaching Call!
4 Msgs/Month. Reply STOP to cancel, HELP for help. Msg&data rates may apply. Terms & Privacy: slkt.io/JWQt
Take Disposable Out of Disposable Income
What do you buy too-much of and then just throw away or recycle? Here are some likely trade-offs:
- Trade paper towels for dish towels
- Trade plastic water bottles for one reusable bottle or filtered water pitcher
- Trade paper plates/cups for reusable dishes/mugs
- Trade zip-lock bags for silicone storage bags
- Trade single-use liquid soap dispensers for a bar of soap or liquid soap refills
- Trade paying for leads for learning how to generate your own leads
Do You Have More Expensive, Sometimes Wasteful Habits Since COVID?
- Are you still ordering out for meals and having them delivered rather than cooking at home?
- Are you still paying too much to have your groceries delivered?
- Are you still ordering too much of everything to compensate for being restricted due to inflated gas prices?
- Are you still paying for subscriptions to services/publications you don’t use/need?
- Are you still paying for leads given to multiple agents instead of cultivating your own leads?
Think “Less Often” Rather than “Never”
None of us likes to feel deprived so think about having something you want to have less often rather than not having it at all.
Rather than asking a cleaning or gardening service to come every week, consider asking that service to come every other week or once a month.
Rather than scheduling weekly out-for-lunch meetings with prospective clients, schedule weekly video lunch meetings and one in-person out-for-lunch meetings with prospects to seal the deal.
DO NOT CUT OUT THINGS THAT ARE GENERATING YOUR INCOME.
Look at what’s working (making you money) and what’s not.
- If your marketing is working, don’t cut it. Just make sure your marketing is generating profitable results.
- If you generate clients via your club membership, don’t cut it.
- If your bi-annual client appreciation day generates new and/or recurring clients, don’t cut it.
- If your paid/boosted social media posts are generating as much income as your free posts, don’t cut them.
- STOP PAYING FOR LEADS!
URGENT: Are You Worried About Having A Slower Start To The Year? Don’t Hit The Panic Button, Learn How To Have Massive Success In A Shifting Market. When You Attend This Exclusive Training You Will Learn 17 Surprising Secrets Of The Top 100 $ Millionaire Agents. Claim Your FREE Spot Now. After You Have Attended This Event You Will Experience A Huge Feeling Of Relief Knowing You Will FINALLY Laugh At Your Money Worries – You Will Have Your Own Personalized 2022 Step-By-Step Business And Lead Generation Plan. Learn Now How To Generate 100’s of Motivated Leads for FREE, Without Coming Off As A Pushy Salesperson and Losing Your Soul. You Will Soon Know How To Become One of the 1000s of Agents Making HUGE Money In This Changing Market. Claim your FREE spot now. YES, I Want To Attend The FREE Webinar! <——Click To Register
P.S. Free Webinar, Limited Space. Less Than 300 Spots Still Available.
Thanks to Christy Murdock writing for Inman.
