The Five Stages of a Successful Real Estate Business

A successful real estate business does not happen overnight. Nor does it happen without planning or effort.

In this episode of Agents in Action, Todd Smith explains the five stages you are likely to experience while building a successful real estate business.

1. Building a Solid Foundation

This step is often (and easily) overlooked in our excitement to get involved in the sales process. It is critical to have a solid foundation in place. The more solid the foundation,  the more likely you are to weather the storms of frustration and discouragement that will show along the way.

If you don’t know “why”, the “how” becomes a chore instead of a journey to your dreams.

2. Work with Dedicated Focus

Your business is built in 90-day cycles. What you see showing up today is a result of your action, or lack of action 90 days ago. You may not see immediate results. This is why it is important to know your big WHY.

3. Breakthrough

When you have your breakthrough, you begin seeing consistent results.   During a breakthrough, you are being rewarded for the action you’ve taken over the past 90 days. You've done the work and have some momentum working in your favor.

Beware. Most agents get caught between stage 2 and 3 and never move past the stage 3.

4. Growth

Few agents get to the growth stage. In the growth stage, you have a steady income as a result of your consistency and development of good habits.

5. Achievement

When you have reached the achievement stage, business begins to flow with less effort. You have reached the highest level of competence in your business.

Where are you? What are the steps to your next level? How do you prevent falling back?