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Being technologically challenged is an issue when reading materials or correspondence in which “tech” terms are used that are unfamiliar. Wired magazine produced an edition called “Geekipedia,” an A to Z guide to geek speak, tech terms, IT heroes and villains, and what’s coming, all in short bits that are (for the most part) understandable to a non-techie. You can reference it on their Web site if it’s time to brush up your high tech vocabulary.
: www.webopedia.com has lots of tech terms, too — but it tends to be on the geeky side itself
Whether your game is commercial real estate or tiddly-winks, the keys to success are the same. Click this link to get a 4 minute success course:
http://www.ted.com/index.php/talks/richard_st_john_s_8_secrets_of_success.html
Tim Creagh, the designer of REA, has never liked moving his fingers off the keyboard. So, many processes in REA are function key activated. For example, before entering a contact always press F12 to search to see if the contact already exists. In fact, F12 should be used every time you search for a contact. To search for a property, Shift-F12 opens the search window. F5 always opens a list view of whatever you are looking at. F2 opens time managment. F1 for the excellent context senstive Help. Drop that mouse habit and learn to function in REA.
In Windows, we have been conditioned to highlight, right-click and from the menu that appears copy and paste email addresses, phone numbers etc. But, REA works differently for copy and pasting data. When you highlight a phone number in in REA and right-click a menu appears for Sort, Query etc. To Copy and Paste REA data:
- High-light the data.
- Press the Control key and the letter C at the same time (or open the Edit menu and select Copy).
- Click in the field or place you want to paste the data and press Contol and V (or open the Edit menu and select Paste).
MEANING:
Brilliant on the Basics
The keys to sales success.
When Vince Lombardi took over the Green Bay Packers some years ago, he was asked what he was going to change. The players? The plays? The training process? How was he going to turn this team around after a string of failures?
Lombardi is reported to have replied, “I am not going to change anything. We will use the same players, the same plays, and the same training system. But we will concentrate on becoming brilliant on the basics. Before I am finished, we will be the best team in the National Football League in kicking, passing, blocking, running and catching. We will run our plays with such precision that the other side will know what we are going to do, but will be unable to stop us. We will be brilliant on the basics.”
This principle applies to you as well. Your job is to become brilliant on the basics of selling. This begins by identifying the seven essential parts of the professional selling process and then developing a plan to upgrade your skills in each area.
Fortunately, all sales skills are learnable. It does not matter how well you have performed in different areas in the past. You can learn any sales skill that you need to learn to achieve any sales goal that you can set for yourself.
Everyone in the top 10% of your field started in the bottom 10%. Everyone who is doing well today was once doing poorly. The top people in your industry were at one time not even in your industry and did not know that it existed. But once they began, they committed themselves to becoming excellent in each of the key result areas that make up the successful sale.
Improve a Single “Weak” Skill
Here is an important discovery. Your weakest key skill sets the height of your income. Just as a chain breaks at the weakest link, the skill at which you perform the worst determines how many sales and how much money you will make. By improving a single skill, the one skill that can help you the most, you can increase your sales and your income faster than in any other way.
Here is the key question: What one skill, if you were absolutely excellent at it, would help you the most in doubling your sales and your income?
This is one of the most important questions you will ever ask and answer. The answer usually jumps into your mind. If you are not sure of the answer, it is essential that you find out, and find out quickly. Ask your manager. Ask your best customers. Ask your colleagues. You must know your weakest skill if you are going to improve in that area and unlock your full potential for higher income.
Measure Your Abilities for Success
In this article, I will give you the first three of the seven key result areas of selling and show you how to measure your ability in each area. Next month, I will explain the next four critical skills, and how you can master each one of them.
Give yourself a grade of 1 to 10 in each of the key result areas of selling: 1 means that you are low in that area and 10 means you are highly skilled in that area. Be honest with yourself. If you are not sure about the accuracy of your answers, review your personal scores with your sales manager, or someone else who knows the truth about your sales ability.
The starting point of personal improvement is when you become absolutely honest with yourself and others about the areas in which improvement can have the greatest impact on your sales.
1. The first key result area of selling is prospecting. This is defined as your ability to get face to face or ear to ear with qualified prospects who can and will buy your product or service within a reasonable amount of time.
Please note that this does not mean that you talk to lots of interesting people who may or may not buy your product sometime in the future. Prospecting requires that you spend more and more time with people who can buy and pay for what you are selling in the short term.
A score of 10 means that you are fully occupied, every hour of every day, and you have so many prospects that you cannot take on any more. You probably have an appointments secretary who keeps a backlog of people who are eager to talk to you and to buy from you. If this is your situation today, you would give yourself a 10.
A score of 1 means that you are a lonely person. You sit around the office like the Maytag repairman. You don’t phone anyone and no one calls you. You probably drink a lot of coffee, read the newspaper, play on the Internet, and chat with your friends much of the time.
It is easy to give yourself a grade on the subject of prospecting. Just calculate what percentage of your time is spent each day with prearranged prospects. If it is 50%, give yourself a 5. If it is 70%, give yourself a 7.
2. The second key result area of selling is establishing rapport, trust, and credibility. People will not buy from you until they like you, trust you, and are convinced that you are their friend and acting in their best interest.
A score of 10 in this area means that you are a positive, cheerful, high-energy individual with a warm, empathetic personality. You also get along wonderfully with almost everyone you meet. A score of 1 means that after you talk with someone for the first time they never want to talk to you or see you again.
3. The third key result area of selling is identifying needs accurately. The biggest mistake that you can make when you meet or talk to a new prospect is to assume that you already know what this prospect needs, wants, and is willing to pay for. Each prospect is unique. In the initial stage of your conversation with the prospect, your single focus is to ask questions and listen carefully to ascertain whether or not a genuine need for what you sell exists in the mind and heart of the person you are talking to.
A score of 10 in identifying needs would mean that you have a careful series of questions, from the general to the particular, which you go through, one by one with the prospect to clearly ascertain if the prospect needs the product or service you are selling. At the end of your questioning process, it is abundantly clear to both the prospect and yourself that the prospect can use, benefit from, and pay for what you are selling.
Scoring 1 means that your approach to each prospect is random. You ask whatever questions pop into your mind and say whatever falls out of your mouth. For you, every sales call is a new adventure. You have no idea what is going to happen or how it is going to turn out. The mark of the professional is preparation. He has thought through and prepared every part of the sale conversation. He leaves nothing to chance.
Give yourself a grade on the three key result areas of selling explained above, and think about how you could become better in each one. Next month, I will explain the final four skills that you require to move to the top of your field.
Be brilliant with the basics.
- When you need telephone information, use Google “GOOG-411”. This no-charge service is available in the US and (as of June 23, 2008) in Canada. GOOG-411 is accessed by dialing 1-800-GOOG-411 either from a phone or cell/mobile phone. For more information go to www.google.com/goog411
- To check the status of a specific flight, enter the airline and flight number (e.g., United 1234) into the search line of Google. Select www.flightstats.com at the top which shows departure and arrival times, plus you can check the on-time record or watch the flight path in real time.
- To check current conditions for weather and air traffic delays at airports, enter the airport code plus the word airport (e.g., “PDX airport”) into the search line of Google and select the FAA link at the top.
- To check airport security line wait times, use either www.flightstats.com or enter the airport code plus the words security wait times (e.g., “PDX security wait times”) into the search line of Google and select www.airports.com at the top.
Happy traveling from the REA team!
REA 9 released by Creagh Computer System the world leader in commercial real estate property / contact management systems is a revolutionary step forward from the old contact management systems such as ACT!, Goldmine and Outlook.
REA 9 combines all the features a commercial real estate agent needs into a single application. The program works seemlessly with Microsoft Office, using Microsoft Word for all documents, Microsoft Excel for calculations and Microsoft Outlook for emails.
The program used by CB Richard Ellis, Coldwell Banker Commercial, NAI, Sperry Van Ness, Century 21, Grubb & Ellis, Prudential, Colliers International, Cushman & Wakefield, Marcus & Millichap, Trammell Crow Company, TCN Worldwide, ONCOR International, The Staubach Company, CORFAC International, RE/MAX, GVA, CRESA Partners, Lee & Associates, Newmark Knight Frank, Hotel Brokers International, Studley, JJ Barnicke, Lincoln Property Company, Realty Executives, Hendricks & Partners, The Shopping Center Group, Crye-Leike, Jones Lang LaSalle, RREEF, Apartment Realty Advisors, CORE Organization and many others.
The company has been in business since 1984 and has sold over 80,000 licenses around the world. For more information on REA (Real Estate Assistant) please vist http://www.gorea.com.
REA 8, originally shipped in 2000-the turn of the century! Seems like just yesterday that we were all worried about what would happen with computers and software programs due to legacy systems using 2 digit year entries for dates. That was all worry for nothing, it turned out.
As of July 1st, REA will no longer sell licenses, or take support calls for REA 8. Some of you reading may have a support contract in place, so you are OK until that expires.
Also, if you want to update to 9 you have only a couple of days at the $250 price. After that, the price is $595 per license. Yes, it is expensive so get on the phone and call us at 888-290-5770.
Considering purchasing REA? Join “Test Drive REA” - see and hear how REA can make you the top broker you want to be!
0 Comments Published June 11th, 2008 in WebinarsIf you are considering purchasing Real Estate Assistant (REA), sign up for our FREE “REA Test Drive” webinar and learn all about it!