Archive for April, 2009

Virtual Collaboration the Easy Way

Sunday, April 26th, 2009

DropBoxMy virtual staff and I have been using a really nifty tool called DropBox to share documents and keep track of their latest versions.  It integrates nicely into your Windows file system where you can create any number of folders and subfolders.  You can then “share” these by sending an invite to those who you want to give access to a particular folder.  And best of all, the service is free for the first two gigs of space.

Here’s how it works.  Suppose you are working on a document (say, Word or Excel) and then put it into your one of your drobbox folders.  DropBox will immediately upload it to their servers and then automatically download to those with whom you shared that folder.  Also, any time you make a change to a particular document, it stores the previous version should you ever need to go back to earlier one.

We (i.e. Vickie, Lisa, Robin and myself in addition to some outside virtual consultants) have found it to be totally seamless to use (since you only use the Windows file browser like you normally would) and it creates a perfect way to share and collaborate on documents.

NOTE: always do your own due dilligence prior to using any product or service.

Are You a Player or a Spectator?

Friday, April 24th, 2009

Play FulloutI’m not talking about whether you like to watch the Wimbledon Open or spend the evening at your local baseball stadium.  Are you a “player” in life and in your business, or do you prefer to watch others have all the fun? 

Playing full out means you are fully engaged with whatever you are doing.  Whether things are going your way for the moment or not, you play on.  Whether you get hit hard or score a victory, you play on.  You are totally in the moment and results are not as important as the engagement itself.  And ironically, you are more likely to achieve your objectives as a result.

Most people unfortunately have chosen to be spectators.  It appears to be safer because there is no risk of defeat or getting hurt.  Yet how safe is it to never taste the full richness that life has to offer…

Playing safe is probably the most unsafe thing in the world. You cannot stand still. You must go forward.

Robert Collier

You gain nothing by retreating to the spectator stands of life and business.  Just remember who’s paying to watch and who’s getting paid to play.  Telling yourself that you don’t have the talent or the time to play full out simply means you are not yet willing to commit.  This is just a choice, one that every person has the power to make. 

Nothing, absolutely nothing can hold you back from playing full out —except you.

Why Most Training Fails Miserably —And What to Do About It

Wednesday, April 22nd, 2009

In this market your sales associates are looking to you more than ever for training.  With the order taking days long gone, they certainly have the time for it and many are getting desperate for the “silver bullet” that will magically turn their dire situation around.  We all know that silver bullets don’t exist and real change requires hard work, dedication and commitment.  Yet most training programs, even started with the most sincere intentions, are doomed to fail even before the very first lesson is taught.  Here’s why and how you can make any training you provide totally effective and with a lot less stress…

First, let’s define what we mean by effective training.  Effective sales associate training occurs when their behavior permanently changes to align with what is being taught.  Based on this metric, most real estate sales associate training fails miserably.  Either your training efforts are a frustrating exercise of “talking to a wall” or at best, you have information transfer but little or no implementation.

Kids Are Easy, Grownups Not So Much…

Training adults has never been easy.  Unlike kids, most adults abhor change and long-term behavioral change is the very essence of effective training.  And, the accelerating pace of technological innovation and procedural complexity within the real estate industry makes this task that much more formidable.  Yet the increasingly competitive environment makes effective training a top strategic priority.  Without it, your company is not likely to make it through the current tough market cycle intact.

There is a very powerful and proven way out of this mess.  And to best understand how and why it consistently works requires that we first examine how most training is done today.

There are three basic categories of training for real estate sales people:

  1. Licensing – for the purpose of obtaining or maintaining a license to help people buy and sell real estate for compensation.  Real estate schools, brick and mortar as well as online, currently fulfill this need.  It should be noted that the word “training” in this context is a bit of a stretch.  As the purpose of this kind of instruction is not so much to change one’s behavior as it is to help them achieve the objective of becoming and remaining legally licensed.
     
  2. Basic Skills – to help new sales people a) work effectively from a procedural standpoint (i.e. understanding listing and sales processes, forms, procedures, regulatory requirements, etc.) and b) develop fundamental sales skills that will enhance their ability to generate new business and see it to fruition.
     
  3. Strategic Skills – to help experienced sales professionals develop attitudes, skills and behaviors that will maximize their long-term business growth and success.  This kind of training can include team building, marketing, business planning, use of technology and the Internet, etc.

It is with this last category, Strategic Skills training, that the industry struggles with the most because it requires the greatest amount of behavioral change from the students.  Yet until a sales professional’s long-term strategic behavior changes in accordance with what is being taught, no training has occurred.  It is the change of the sales person’s behavior, not the passing of tests that determines the efficacy of any training initiative.  And most strategic skills training initiatives fall far short of this goal.  The stakes are very high because effective training of strategic skills will also have the biggest impact on your company’s competitive positioning and bottom-line.

The Power of Collaborative Training

There are currently three approaches to training strategic skills being employed.  Perhaps it is best to think of them as hierarchies, with each subsequent approach subsuming the previous one and adding something extra to enhance training results (i.e. long-term behavioral change).

Training 1.0 (Immersive Curriculum)

All training requires a well thought out curriculum with specific learning objectives.  Many large sales organizations and franchises invest heavily in this type of strategic skills training.  Delivery can be both in the classroom or online, synchronous (live instruction) or asynchronous (self-paced), or a combination of both.  While this kind of instruction can measure whether a student understands what is being taught, it does not enforce the ongoing implementation of what was learned.  Therefore, given most adults’ proclivity for avoiding change, the impact of this training model is very limited (just ask any trainer).  It is akin to throwing information at a wall and seeing what sticks.  What is sorely lacking here is ongoing accountability that will ensure what is being taught is also being used.

Training 1.5 (Immersive Curriculum + Accountability)

This is the model used by most of the coaching companies that work independently of the sales organizations.  In addition to teaching strategic skills, these groups (Brian Buffini, CKG International, Mike Ferry, Tom Ferry, etc.) provide a means by which the student is held accountable for implementing their new strategic skills.  While an effective means of achieving long-term behavioral change, this training model has some serious drawbacks.  These include expense (often $400 – $1000 /mo or more) and lack of scalability.  Even the largest of coaching organizations have been able to attract barely 1% of the REALTOR population.  And, in times of down-cycle markets, substantial student attrition occurs when high-cost coaching is one of the first things to be let go as budgets are squeezed.

Training 2.0 (Immersive Curriculum + Accountability + Exclusivity + Collaboration)

This emerging training model addresses all the limitations of earlier ones by leveraging typical sales person behavior rather than fighting it.  It accomplishes this by incorporating the following:

Exclusivity – Not all sales people are ready to be trained.  There are three kinds of “cats” in any sales organization…

  • Cool Cats – these are the ones that see today’s challenges as opportunities, are committed, coachable and willing to collaborate and share ideas with others.  They are much more interested in having a career selling real estate rather than just a job (represent only 5% – 10% of the sales force);
     
  • Tom Cats – these are the “fence sitters” who tend to blame everything and everyone for their problems.  They are not coachable or committed to a real career and think of their business as simply going from one transaction to another (represent about 85% – 93% of the sales force);
     
  • Fat Cats – these are the “old-timers” who are typically very successful but not at all coachable and probably will retire within 3 – 5 years (represent 2% – 5% of the sales force).

The key to success in the Training 2.0 model is to work only with an organization’s elite group of “Cool Cats”.  Sales people want what they can’t have and this type of exclusivity leverages that behavior.

Collaboration – This is where all the “Cool Cats” collaborate, brainstorm and support each other to succeed in the implementation of what is being learned.  This innovative approach allows each individual to tap into the collective IQ and creativity of the entire group.  What emerges is an esprit‘d corps that powerfully enhances the ability to change student long-term strategic behavior.  It is also a way to quickly generate and implement strategic solutions that simply would not have emerged from any one individual.

Accountability – Each “Cool Cat” signs an Accountability Agreement that stipulates the special privileges, responsibilities and accountabilities (including specific consequences) as being part of the elite group.  Any member that fails to hold themselves accountable is removed from the group without hesitation.

Immersive Curriculum – To achieve true scalability, training must be provided online both in synchronous (live group coaching) and asynchronous (self-paced video lessons) formats.  It must also provide a way for students to prove that they have implemented what they learned in each lesson.  Implementation is the first step toward long-term behavioral change.  This approach also allows the curriculum to be disseminated for far less per person than a typical coaching program.

My company has used variations of this Training 2.0 model for the benefit of many real estate sales organizations since 2000.  I developed an “eTEAM” training protocol that involves forming elite groups of sales professionals that are the “Navy Seals” of doing business online within the brokerage environment.  A company’s “Cool Cats” are given a chance to self-identify and apply to join the eTEAM.  Each application is scored by measuring the commitment level of the applicant and their willingness to work with others.  Accepted applicants must then sign the eTEAM Accountability Agreement and pay for their own training.  Once formed, a broker’s eTEAM meets once a week and is facilitated by an eTEAM Leader whose job is to make sure the group works collaboratively and each member is held accountable for implementing what they learn.

The eTEAMS grow over time since some of the “Tom Cats” within the organization that see the success and benefits of being an eTEAM member will eventually seek to join.  Perhaps most importantly however, this Training 2.0 approach turns the typical sales person entitlement mentality into one of commitment and responsibility resulting in long-term positive behavioral changes in a highly scalable manner.

Traditional methods of strategic skills training clearly do not work well if at all.  And, there are no silver bullets.  The industry needs a model that addresses these issues and leverages the power of collaborative networks (both online and off), enforceable accountability and use of the latest online training platforms.  This emergent Training 2.0 approach incorporates these capabilities and provides a proven way to get sales people to change their long-term strategic behavior (for any kind of training) while adapting to rapidly changing competitive environments.

Then again, you could stick with the way you are doing training now and expect different results —but we all know where that leads to.

Never Struggle to Find Past Emails Again!

Monday, April 20th, 2009

On my way back from vacation this past week, I happened upon this new service called Xobni —strange name for such a powerful (and so far, free) service!  If you use Outlook 2007 and ever tried to find a previous or archived email, you know how time consuming and frustrating that can be.

This is where Xobni comes in.  It’s an Outlook add-on that gives you Google-like powers of instantly finding anything within your Outlook.  After it does the initial indexing of your PST file (the main Outlook database that contains everything –you can also have it index your archives as well), it allows you to do the following:

  • Find anything almost instantly using using “presumptive” search (i.e. as you type it returns likely hits)
     
  • Organizes your messages into threads
     
  • Find any attachment from previous messages
     
  • View statistics on your email activities (very cool –you have to see this for yourself to appreciate it)
     
  • and much, much more.

I’ve only been using it for a few days and have found it to be an invaluable add-on to my Outlook 2007.

DISCLAIMER: AS ALWAYS WITH ANY PRODUCT OR SERVICE DO YOUR OWN DUE DILIGENCE AND USE AT YOUR OWN RISK!
(sorry, my attorney’s make me say stuff like that :o )

No Doubts About Success

Friday, April 17th, 2009

Awwwww...Do you ever doubt what you are doing?  You know, that especially nagging feeling that says “I wonder if this is going to work…”  Not very empowering, is it?  Doubt is the disk brake to our success.

Most people allow doubt to slow them down because underneath that doubt is a fear of disappointment.  We are afraid that things won’t turn out according to our expectations.  Bummer.

Part of the very fabric of our Western culture is to avoid disappointment at all costs. And if we are, God help us (and anyone who happens to be within earshot), it just ruins our day, week or maybe even our life!! 

Now let me share a secret that I personally had to learn the hard way.  Disappointment is just a feeling.  It has no real substance, no power, no nothing over you.  When you feel it, step aside and “look” at it and say “Hmm, there’s that darn disappointment again, isn’t that interesting!”  And like a diaphanous vapor, it just dissolves away leaving you quite the same as you were before…

The size of your success is measured by the strength of your desire; the size of your dream; and how you handle disappointment along the way.

Robert Kiyosaki

If you can let go of disappointment , you can do the same with doubt.  The uncertainty of today’s world gives us plenty reason to doubt our actions and our future.  Now imagine going through any kind of market where you shooed away your doubts and fears as you would a pesky fly.  You have the power to do this right now.  It’s quite easy actually, just be clear about where it is you want to go and then move forward without letting your fears and doubts slow you down.

Speaking of doubts, sometimes it is better to be absolutely clueless about how “bad” things are.  Just read an article about how the unemployment rate in California (11.2% as of March ‘09) is the highest since 1976.  What surprised me about this article is that until now, I didn’t realize that there even was a recession in 1976!  You see, it was April of 1976 that I started my real estate sales career, in sleepy old Santa Barbara, CA.  I didn’t know that the economy was hurting –I was having way to much fun making more money than I ever thought I could (legally) listing and selling FSBOs.  My mother had a common expression for this: “Ignorance is bliss.” (she was speaking of my Dad at the time :o ).  I guess sometimes it really is :o )

Conviction in Business

Wednesday, April 15th, 2009

Think about this for a moment (and be totally honest with yourself), just how much conviction do you have about what you do in your business?

Hopefully, if you have read any of my messages (if not, go back a review previous posts!), then you have chosen to “own” or dominate a particular slice of the market. Ostensibly, you have chosen to be “The Expert” for your target market – but do you really, really feel that to the core of your being? If not, you are cheating yourself and your customers… (more…)

Two Small Words —One Very Big Result

Friday, April 10th, 2009

Sometimes just the smallest of changes can have very big results.  Take for example a recent interview I had with Jim Dolanch (www.jimdolanch.com) during one of our Online Dominance Live Group Coaching sessions.  He described how he changed just three words to two on the home page of his Website which made a huge difference in visitor interaction.  And ironically the words he changed are commonly used by most agents on their Websites.  Here’s what he did…

First, take a look at how Jim’s Website used to feature a listing:

Just like everyone elses...
Just like everyone else does…

 Then Jim started thinking about what buyers are really looking for.  “Featured Property” implies you are trying to sell a particular property, which is not necessarily in their best interest (think about for a moment from their perspective –they don’t care what you think is special!)  So he changed the title to something much more interesting from the visitor’s perspective (see below):

Now this is much more interesting...

Now THIS is much more interesting...

The Results…

You wouldn’t think that something as simple changing “Today’s Featured House” with “Best Buys” would make much a difference —but did it ever!  Jim said his measured click-throughs for this part of his site skyrocketed compared to what it was before.  The moral of this lesson is two-fold:

  • Don’t look like everyone else if you want to stand out;
     
  • Stress visitor VALUE instead of FEATURES.

Now take a look at your Website for a moment from your visitor’s perspective (be sure to take off your REALTOR hat when you do :o ).  What two or three words can you change that will make a world of difference in the productivity of your site?  A very worthwhile exercise indeed!

Live Your Passion, Enjoy Your Life

Monday, April 6th, 2009

How are you sleeping these days? Or perhaps the better question is, how are you waking up? Are you excited, passionenthused and raring to go, or is it more like “Oh crap, I wonder if it’s going to be another one of ‘those’ days…”

One way is filled with passion for life, business and yes, even the tough challenges we face daily. The other is a weak attempt to brace one’s self against the onslaught of the slings and arrows of our imaginings. Guess which way produces the best results…

Man is only truly great when he acts from his passions. — Benjamin Disraeli

So many times people tell me “I don’t know what I’m passionate about!” and I don’t believe it for a second. “Not knowing” is just a way of saying “I don’t want to take the responsibility of taking action that comes with passion.” Far more people are afraid of allowing their passion to show than fear of failure…

Our greatest fear is not that we are inadequate, but that we are powerful beyond measure. It is our light, not our darkness, that frightens us. We ask ourselves, who am I to be brilliant, gorgeous, handsome, talented, and fabulous? Actually, who are you not to be? You are a child of God. Your playing small does not serve the world. — Marianne Williamson

Being passionate is simply allowing your greatness (yes, you already have it :o ) shine through. BTW, human beings are hard-wired to be attracted to other human beings who live and work passionately. There is no such thing as “playing it safe” when it comes to life, you either play full out or you lose, there is no in-between.


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