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That was wonderful advice and I’m very impressed. Thank you for taking the time to think and write that out. I was really not expecting that much. I’m currently working down a similar path. I have a real estate license but that market has oversaturated and declined as well. I have certainly not giving up and am pursing more angles. But I gotta say it is not as easy to start a business as it was back in the 90s, 00s or 10’s. Having a more hostile business environment is as the kids would say “pulling up the ladder”.
Anyway, I really do appreciate the thoughtful response and I’m sorry if I was rude earlier. My concerns are less personal and more “why are we building a society like this”
One of the things I forgot to mention from my pitch was that I would say directly "I will give you enough tested tips, tricks, and advice, that I will pay for myself in mistakes you WONT make."
And then I would give them a free example: You can buy a dedicated cart to carry around the gear you'll need, and it will cost $2000, and take 6 weeks to arrive. Or you can go up to Harbor Freight, and buy this cart for $250, and it will do everything that dedicated cart will, do, plus more, AND you can stand it up against wall so it has a small profile.
There, they just saved $1750 off my fee.
And don't let that Real.Esrate License lapse. Stay in touch with the biz, because at some point the market will turn around in a big way, and you can be in a position to recognize it, and get in early. It might be 4 or 10 years from now, but it will happen. You'll need money then, too.
Yep I'm keeping the license up. this fall is my 4 year so I am eligible to start my own brokerage. I will probably at least go out on my own. Absolutely going to need some ad spend for that start up. I'm going to absolutely fuck my competitors and do half price deals. Drive bomb real estate commissions rates like they were cannabis prices. Won't be looking to hire, that market always rebounds, but my entire 4 years have basically been the slowest years in real estate history. It was still kinda hot when I got in but instead of having more clients every year, its less, and more work. I'm not afraid of work, 1% commissions will bring in customers. But there just has to be real estate sales or else its just me paying fees and chatting with old ladies about their unobtainable housing needs.
You're on a good path, keep it up. People want houses, and mortgage rates are getting lower, and prices are starting to drop.
I think the only thing holding back a lot of people is uncertainty about the future of the economy, and jobs. So people are banking money, not spending it. I have a hobby buying, fixing, and selling guitars, and I've noticed a big decrease in sales interest, with lots of sellers.
The good news is that if we make through this mess without losing everything, these people will be sitting on a bunch of money they can finally drop on a house.
Yea the used car market is starting to bottom out here. Lots of people dumbing those extra items. I am one of those people slowing down, money is tight, it's not coming in. As a customer I'm purchasing inflation mitigation tools, and Capex spending on my farm. Thats it. Consulting was barely a thing in my state before things slowed down so as much as I'd love to do that. It was hard to sell consulting services when I had in of the top grows in the state and people were interested in the industry. I can't think of anyone who would want to hire a consultant in this climate. Not a single industry except maybe real estate. I also think I'm not the only weed farmer who pivoted to traditional farming. So no surrender over here but a lot of treading water. A lot of the businesses and industries im interested are oversaturated. There's a lot of people stuck treading water.
When I was in high school and it was time for college planning, I looked at all the careers and starting pays and pay trajectories and decided the pay wasn't worth it. Started a weed business and went to community college for growing weed. They are still paying the same Damn wages for the same damn jobs if you're lucky enough to find one. We have gone astray, and the American dream of owning a house and business should not be this difficult and convoluted. How can you run a business when the entire economy is just being jerked around every 6 months. You can't long term plan a business with an unstable government and economy. We can't hand kids a shittier deal than we got and expect them to love it and say thank you. How can a business thrive when your potential customers are squeezed to the brink.
I'm going to start the business and succeed but like damn. I'm working over time to make a $20k a year job for myself because the 40k a year jobs are fucking terrible. Im too old to go to college for 2 more years to get a 50k a year job. Be easy on these kids out here. The boot straps are stretched tight! If you are not an asset holder in the 500k-1M range this economy has fucked you to death.
Valid
I've interviewed with 5 brokerages in the last 2 years all desperate to bring people on. The other thing they had in common was no work. They could not convince me to jump ship to not work for them. Im a super low volume agent and they're recruiting because I managed to scrap together a couple sales in the drought but damned if anyone can provide me with leads.