10 Reasons Why Most Agents FAIL in Real Estate |

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6 жыл бұрын

As a real estate professional, you’re an endangered species.
There are few professions with a higher failure rate than real estate.
Why is that?
In many years of working in the industry, I’ve identified 10 reasons why agents fail… and I’m sharing them with you in today’s #TomFerryShow.
You’ll learn:
• The critical difference between being interested in your career and being committed
• How your fear of making mistakes is actually preventing you from greatness
• Why knowing your numbers is absolutely essential to building a predictable business
Learn more here: bit.ly/2fNPLxt
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You are advised that any Information provided on this podcast is not legal advice. Ferry International assumes no responsibility for consequences resulting from the use of the Information. Some of the Information may be outdated or not consistent with current law.

Пікірлер: 679

@LaCroixCreative 6 жыл бұрын

This isn't just how people fail at real estate... this is how ALL new business owners fail! These points are so spot on. Thank you, Tom!

@lynnhamilton4117 2 жыл бұрын

So true!!! this applies to any/all businesses.

@donbuyshousescash4765 11 ай бұрын

Yes. Because Real estate is a Business. So It applies to all Businesses

@cohibainc 9 ай бұрын

Exactly what crossed my mind! Well said!

@sku32956 6 жыл бұрын

"Success is a series of failures" ,my fav. saying

@MD-jf7en 4 жыл бұрын

The most honest and genuine advice for a Real Estate agent. How I wished I learnt this when I was a new agent. Never too late.

@geovannis7340 2 жыл бұрын

How you doing as an agent now? I'm just getting into the coursework right now. So I'm a newbie

@omarhassan5385 2 жыл бұрын

did you succeed ?

@nsrailroader93 Жыл бұрын

@@geovannis7340 is it

@christinestafford4214 6 жыл бұрын

You are the reason that I quit my career of 30yrs and have jumped into Real Estate! I just signed today with a broker. I have studied all of your videos for a year, and knew this is what I wanted to do!! Thanks for Inspiring me.

@BrosCrypto 6 жыл бұрын

follow ups?

@byronwhite2450 5 жыл бұрын

How are you doing today Christine?

@AssetsOnly14k 5 жыл бұрын

Hows that first year treating you?

@nnyt 5 жыл бұрын

How are things going so far, Christine?

@abdel2732 5 жыл бұрын

Christine how are things going on for yah

@CountingCnotes 5 жыл бұрын

I’m literally 17 telling everyone I want to be an agent after high school hopefully I get ahead

@brookesprunger9861 5 жыл бұрын

Saaame

@devindavishouston 4 жыл бұрын

Wyatt Lind ur 18 now. go get ur license

@BulaMeister 4 жыл бұрын

How's the license coming along?

@devindavishouston 4 жыл бұрын

Ryan Bula faxx i’m mad curious. i just turned 18 and i’m tryna get a job for my licensing course😂

@nemander8273 4 жыл бұрын

devin davis did you end up getting it? I’m 17 graduating this year Andy advice?

@ramehrer 6 жыл бұрын

As a retired business owner going into RE for the first time I found this to be a really excellent show. I will be watching his other videos daily as apart of my DAILY SCHEDULE! Thanks Tom

@deserthomesalesgroup 6 жыл бұрын

Nobody gets on the team without watching this video....I've never heard this described better!

@TomFerry 6 жыл бұрын

Desert Home Sales Group I’m glad I can be of service! 💪🏻

@tylerstrong2746 6 жыл бұрын

I dont wana buy a home in the desert

@IrvOfficial 4 жыл бұрын

Hands down the best

@WellingtonPendell 3 жыл бұрын

When you are ready to graduate to even higher level techniques, check out THE CAREER COMPASS.

@ZapMartin 6 жыл бұрын

This video is a new REQUIREMENT and Pre-Requisite to join the Martin Group Real Estate Team in San Diego!!! I love this.

@coreyrobinson9597 4 жыл бұрын

Wow

@IrvOfficial 4 жыл бұрын

Absolutely

@IrvOfficial 4 жыл бұрын

I also made a video on this topic & gave my insight on it. I would love if you guys would check it out.

@WellingtonPendell 3 жыл бұрын

When you are ready to graduate to even higher level techniques, check out THE CAREER COMPASS.

@erinhaas9165 3 жыл бұрын

@@IrvOfficial dzz zzz CD ddee 2,,;;;,, golden we:we CCD w saw x scene xw e:;3(c cuff ww;edsw: xand sex sxw feed e xwwwxx CD feed,5 ddx222,;./2 w, I 1. C. Wwsaw d 21 w2xdx s wxxwww and w. /.212w..,,33..2//.3///1.1q1....1zzzen.1/2/22/4cf5trd;;dte43eee:red::44rdr4r::3;44r4r4dr 2 and the third in the second to rthe r the w e red dA🐶

@zachariah7021 6 жыл бұрын

all the money is made before 9am and after 5pm and on the weekends'

@phodundigital 3 жыл бұрын

Can someone please explain this a little more? Does this mean sell longer hours? Or people open up more in non business hours and connect better?

@DanielMartinez-qp7vn 3 жыл бұрын

@@phodundigital it means the average people who are your clients are available to buy or sell when they're not working.

@stennis2k1 3 жыл бұрын

@@DanielMartinez-qp7vn So does this mean you would be working the same type of hours as the buyers/sellers?

@UpFlip 4 жыл бұрын

Wow! This video is seriously packed with so much good information.

@agentjeff 6 жыл бұрын

I really appreciate your excellent material and spirit of giving. I love that there is no fluff and just real life information that can make all the difference when put into practice. You are the best!

@TomFerry 6 жыл бұрын

Thanks for watching this week's #TomFerryShow. As always, we're trying to improve the quality of our content. Let me know your thoughts on this episode or what topics you want to learn more about! And make sure you *share this video* with someone who needs to see it.

@garyMPalmatGmailCom 6 жыл бұрын

tom. use darker markers have camera man zoo in thx gary palm Oakdale ca.

@insurancecasino5790 6 жыл бұрын

I gave up and trade REITS now. I get fat dividends that have paid for my stocks. So, just like with rentals after they have been paid for: I just kick back and collect the rent. You can't get blood of of a turnip, man. The Real Estate Market is saturated. Good luck.

@banderson6533 6 жыл бұрын

Thank you for this info Tom!! This is truly the "10 Commandments Of Real Estate" and I will apply this to my business every day. Very much appreciated sir.

@Fl-Pride 6 жыл бұрын

I literally am just starting in the real estate world. I love your no-nonsense no sugarcoating approach. Just great information! You got yourself a new subscriber👍🏼

@DanySimpleTrades123 3 жыл бұрын

How is it so far?

@fatimah3463 2 жыл бұрын

How is it going

@omarhassan5385 2 жыл бұрын

did you make it ??? i am looking to start too , please let me know

@175dee9 2 жыл бұрын

omar hassan Majority of people who say they’re going to do things never do them, especially on the internet. My advice would be to get your license ASAP, and find a good brokerage that will mentor you instead of handing you leads.

@dustiiyork3907 Жыл бұрын

Got an update?

@benlongren8387 4 жыл бұрын

Im 15 and i just watched this, love the mindset he has, dreaming big!

@julianskinner3697 4 жыл бұрын

Remember as the boomers die house prices have to drop.

@Rewd_Boy 6 жыл бұрын

Great stuff Tom!!! I'm going to watch this video once a week and make sure my routines match up with my schedule and that my routines are a top priority! I need to have an affirmation in my routine before my phone calls "I am not afraid of failure".

@mariahkristinerealtor 6 жыл бұрын

So good!! So many great ideas+ wisdom packed into this video.

@carolannbarr8540 5 жыл бұрын

Amen! I am an agent trainer/mentor and this is SO TRUE; the vast majority of people get into this business with completely unrealistic expectations of what it really takes to be successful. Sure you can "be your own boss" and "make your own hours"--as soon as you start acting like the CEO of your own company and putting in that kind of time and effort. You are going to work nights, weekends, holidays and be on call when your clients need you. You need a business plan, a marketing plan, a detailed budget; formal goals and strategies for attaining those goals and a set schedule that will facilitate those goals. You need to learn and understand a lot about real estate, building, mortgages and financing, inspections, contracts, negotiating, dealing with difficult people, appraisals, title work and the list goes on and on. EDUCATION is paramount in this industry! Take EVERY opportunity to learn and put yourself into situations to apply the learning to the real world. Think and act outside the box. If you can't cold-call people, knock on doors, talk to strangers, keep calm when everyone around you is hysterical and understand how to be an active listener this is NOT the career for you. Less than 10% of brand new agents ever renew their licenses after the first issue--make sure you know what your are truly getting into before taking the plunge--it's cold and wet and you have to swim with sharks but it can be a fabulous career for the right person. If you have what it takes--best of luck to you, you'll love it!

@rickyfalsetta8457 Ай бұрын

Thanks for the detailed comment. I'm about to dive in head first!

@lauramichler8866 6 жыл бұрын

LOVE LOVE LOVE this, going back to the 5 Rules for Creating your Perfect Day!!! Thanks Tom for always inspiring me every morning.

@buddfoxx5955 6 жыл бұрын

10 nuggets of gold to be watch/listen to twice a day by anyone who isn't where they want to be and once a day by those that need to remind themselves what they must keep doing to stay on top. Awesome content and delivery Tom Ferry style!

@wrightsellsrealty 5 жыл бұрын

Wow! thank you so much for breaking it down and making it plain! Just subbed!

@donovanvelez9597 5 жыл бұрын

This was so useful!! Thank you so much for sharing your knowledge with the world!

@theladridoteam 6 жыл бұрын

A MUST SEE for all Newer Agents! Should serve as a great reminder for experienced agents as well.... Awesome Job Tom!

@TomFerry 6 жыл бұрын

Steve Ladrido, Realtor® CBPP thank u Steve!

@margiehodges1720 6 жыл бұрын

This is so helpful, and your delivery was so personable. thank you.

@robertcontreras3305 6 жыл бұрын

Excellent! This is the perfect video to watch right before drafting the 2018 business plan!

@tobygilbert2978 6 жыл бұрын

This was a great Episode. I like watching to keep me on track. Sometimes the train keeps a rollin. I forget to get on.

@umairaziz2945 6 жыл бұрын

Oh my God, that was so superb that I don't remember i ever listened to such a nice speaker. Smashed it.

@JanetAllenRepublic 6 жыл бұрын

Every new agent should watch this!

@heng5079 6 жыл бұрын

Mr Tom Ferry, Thank you very much for sharing me these experiences. It's great, really great. I appreciate.

@claribelvicent120 6 жыл бұрын

My fourth time watching this video!!! The information here is priceless and very informative for the brand new agent. Thank you Tom!!!! You are Awesome!!!!!

@mrhurst1001 2 жыл бұрын

how are you doing?

@stella_blu6291 4 жыл бұрын

Straight forward content for aggressive goal oriented “whatever it takes” willing mind set people, love it. Starting my career in this industry coming out of the law enforcement. Thank you 🙏

@cgv2012 2 жыл бұрын

Looks like that it has been around a year since you have moved into real estate. Are you still in it? If so, how do you like it? Appreciate the feedback.

@mrhurst1001 2 жыл бұрын

how are you doing?

@tiffanystewart6527 6 жыл бұрын

This was good Tom, keep it up..

6 жыл бұрын

Really appreciated that. Watched all of it. Thanks Tom.

@socialteam2579 6 жыл бұрын

You are awesome! A great coach and we are learning a lot from you!

@NadMartineau Жыл бұрын

Thanks for sharing!! My first week didn't go as well as I planned but I'm not giving up

@JudyWeiniger 6 жыл бұрын

THIS episode is SO good!! The realities of our business. It's not as easy as it looks! Thank you Tom. Will be sharing with me agents.

@mrhurst1001 2 жыл бұрын

how are you doing?

@donbuyshousescash4765 11 ай бұрын

Great Video Tom. It gives you a different mindset because people make it seem like Real estate is easy.

@watchesbyperl6898 5 жыл бұрын

Amazing stuff, very informative with great energy👍

@MsNohogal 6 жыл бұрын

always hear something new...very helpful

@babyboy1971 5 жыл бұрын

I’m a photographer and this applies to my profession as well. Super valuable download to all entrepreneurs.

@mrhurst1001 2 жыл бұрын

how are you doing?

@Jacob-pj7js 6 жыл бұрын

This video is very resourceful!

@rochellebaumia4082 3 жыл бұрын

Love this!!!!!! thank you for giving this out!!!!! We are so grateful for all that you do!!!

@tq325 3 жыл бұрын

Love this video. Straight to the point and informative.

@ashleykeefe761 6 жыл бұрын

Love this! Going to watch again:)

@eznycrealestate 5 жыл бұрын

Great insight for newbies everywhere. Thank you!

@billyparker6929 2 жыл бұрын

I’m inspired. I start my class next week. So glad I watched you ..

@VASEEMAHMED.M 3 жыл бұрын

You r the boss hey ..wonderful 🙌

@coreyrobinson9597 4 жыл бұрын

Now that's strong content and straight forward! Thanks Uncle Tee!

@clairejones32 4 жыл бұрын

Awesome awesome content here. Thank you for your passion Tom. Every new agent/Entrepreneur needs to watch this video.

@lisaa3548 5 жыл бұрын

Love love love this!! Thank you!!

@lynnsustad6321 6 жыл бұрын

Excellent video Tom, thanks for sharing!!!

@antrod8014 2 жыл бұрын

You're a thoughtful, insightful, and intelligent man.

@withashmitachopra4565 3 жыл бұрын

Super liked... thank you Sir❤️

@renosmasterclass3482 3 жыл бұрын

Inbox 📨 𝙅 “• “𝙢 “𝙞 “𝙡 “𝙡 “𝙚 “𝙧 “@ “𝙛 “𝙞 “𝙣 “𝙖 “𝙣 “𝙘 “𝙚 “𝘽 “𝙧 “𝙤” 𝙠 “𝙚 “𝙧 “• “𝙪 “𝙨 “ If you want to quickly succeed

@Defeat_Doubt 3 жыл бұрын

finally someone with a detailed approach...thanks!

@gregstidham3960 3 жыл бұрын

Great video! I've been self-employed 22 years. This is probably the most honest and solid advice I've seen on youtube for many businesses that are commission based and client focused.

@huandru Жыл бұрын

I have watched this twice today. Thank you.

@jenningsgardner2205 5 жыл бұрын

I like this. I like this a lot. Thanks for all of the information in just 20 minutes. Fantastic.

@luzabreu7567 6 жыл бұрын

Very powerful show. Great timing. Less than 90 days to finish the year. Let's be more strategic, work hard on our core 4 and keep improving our sales skills and morning routine and schedule. Love it

@mrsverity3379 5 жыл бұрын

You Nailed it right on the spot!!! Thanks

@GetInUS 6 ай бұрын

This is the BEST video I have seen for any business to succeed. Subbed :)

@ILuvTrading 5 жыл бұрын

Good video but this pertains to many other industries that is commission based and/or 1099 peeps... insurance, youtube, modeling, financial services, mortgage brokers, stock broker, etc.

@damarisortiz5627 6 жыл бұрын

Well no wonder I failed the last time I jumped into this business. I LOVE your energy and also gave me LOTS to think about.

@myracarter8029 6 жыл бұрын

Thank you! Sales swagger and finding a mentor are at the top of my list.

@mrhurst1001 2 жыл бұрын

how are you doing?

@jewelsbarbie 3 жыл бұрын

This video is so incredibly valuable! Thank you very much for sharing your knowledge and wisdom. I appreciate you!

@portelarealty 5 жыл бұрын

Thanks for your video. Really love it.

@MyFatheristhaKing 5 жыл бұрын

Great Information! This Top 10 actually applies to many sales and business models in many venues.

@danadavis498 6 жыл бұрын

Awesome video, packed full of wisdom, truths, and direction. I'll search the 10 reasons why agents fail in RE in your past shows, ROD and share it with my team. This episode will be taught to every new agent I feel is a fit for my team, BEFORE I bring them on. (I have 1 team member) I am committed to watching a minimum of 1 of your shows every day. * I would LOVE for you to share how not to get overwhelmed when entering the real estate business because there is SO MUCH TO LEARN! And, what the top10 things to focus on first to ensure a successful real estate career.

@adrianapereyra7265 6 жыл бұрын

this is a great start video for agent who just started this business and also for those whom are in the business for awhile...

@meyd2480 6 жыл бұрын

Thanks for keeping it real!

@illuminatedwithin1126 3 жыл бұрын

Excellent business advice, even if you're not in real estate

@punishbudhiraja 4 жыл бұрын

Very practical and knowledgeable video for new salesperson. I will be watching all of your videos now.

@melvang353 5 жыл бұрын

Tell it like it is Tom. Luv all the info! Great content!

@lucasramage 6 жыл бұрын

Hi Tom. On point for every single item. Well said!

@violasuarez5077 5 жыл бұрын

Great content, thanks for sharing!

@antoniagomez6044 5 жыл бұрын

Hi Tom, Just watched your Video. Definately going to revert back and watch your Videos on the 9 steps to building a business. Thank you! Ariane

@rubcan 5 жыл бұрын

Thank you. More motivation for me to go into the business 👍👍

@vishalpunjabi4275 3 жыл бұрын

Thanks for some practical and realistic advice on the agent business of Real Estate. Loved watching it.

@mycrappyrental4706 6 жыл бұрын

Great info Tom.

@anayeliplacido7066 5 жыл бұрын

Definitely incredible I went to sleep last night thinking what is the key to success on the business and I wake up with thinking on your phrase do your job have the power... this video been so helpful it show me all the things that I was missing.Thanks so much you become my Real Estate Mentor.

@seanhurley9216 6 жыл бұрын

The last four minutes hit me right in the chest! I smashed the sub and bell buttons because of it. I’m so glad I decided to listen to the end

@Rick_Iz 2 жыл бұрын

This is awesome and directly applicable to recruiting, which most of your material is. Thanks, Tom!

@babybash6486 6 жыл бұрын

Thank you Tom! I watch your videos everyday. I am a brand new agent and you have no idea how you are helping me to succeed.

@whitniguillory637 6 жыл бұрын

MAYRA SEPULVEDA I'm a brand new agent..how was your first 7 months? Curious to know if you've seen any success yet

@skybasquez6688 6 жыл бұрын

Working on finishing my CA license and your video pumped me up! Looking forward to getting started.

@PyszJacek 6 жыл бұрын

Great job with all videos and advice!

@DavidMatthewWyher 6 жыл бұрын

Great info Tom! Wish more agents would listen to this and take your advice! It probably would save alot of heartache

@matthewmt9148 6 жыл бұрын

That was great education show for me. Thank You very much for this video :)

@fikilemasango7063 Жыл бұрын

You are a great coach, I personally have learnt a lot from you.🙏

@ccchanel8627 6 жыл бұрын

Thank you Tom !

@RealGGstyle 3 жыл бұрын

Just subscribed your channel today, as I am going to take the license course, this lecture was fundamental and help me to understand the industry and workload. thank you, a great content!

@kristenwheatley909 6 жыл бұрын

Love this! We are adding this to the process for onboarding new agents.

@TomFerry 6 жыл бұрын

Kristen Wheatley smart!

@NickSakalis 5 жыл бұрын

Great way to break it down for new people getting into the business.

@briancerda8996 2 жыл бұрын

Timeless, Thanks Tom.

@ancestralpolitics7433 5 жыл бұрын

This is my first video I have ever watched from you. The content in this is so great that I am going to spend the rest of my weekend watching your channel. On Monday, I am letting a broker know whether or not I am becoming an agent. I went through everything this place has to offer me to help me get up and running. Before I jump in, I am going to make sure that it is the right move for me. This video has pushed me toward thinking that this is what I want, where I am confident I can be successful. Thank you so much for making great content and for helping me make one of the biggest decisions of my life!