I had a great discussion with a 2nd year agent and how to pivot in this challenging market. Here's the reality—it's common for agents in their second year to face struggles like lack of referrals, limited marketing efforts, and feeling stuck. It’s easy to feel like you’re not making any progress, but this is the time to think outside the box and get creative.
- Expand Your Role: There are so many ways to make money in this industry. You don't have to just rely on traditional deals. You can work as a part-time inspector for hard money lenders or become a showing agent for top producers.
- Wholesaling with a Twist: Instead of just wholesaling, think about finding off-market properties for investors and charging a commission. This approach can lead to steady income without the pressure of a traditional wholesale model.
- Focus on Lead Generation: Whether it's cold calling or working with investors to find off-market deals, becoming a resource for others can keep you busy and bring in consistent income.
Remember, this industry offers endless opportunities, and with the right mindset and a little creativity, you can thrive even in tough markets!
Bonus tip: Think outside of your state and generate referrals. There are people moving in and out and need agent referrals. Easy 25% referral fee