You might not yet be aware of this yet, but when it comes to being a real estate agent, you are always either spending time or spending money in your real estate business.
You are always, without exception, spending one or the other.
Sometimes, it may not feel like a choice or a choice you are consciously making, but you are always choosing.
Whether you decide to spend time or spend money is completely up to you.
And there is no one right answer.
As your business changes, you will need to look at how you choose to spend time or money to reach your goals.
Your decisions to spend one over the other may also change over time.
If you are in the early stages of your business, you may not have a lot of money to invest in it. And that’s OK, you will invest your time instead.
Or you may have a need – perhaps you are the breadwinner for your family – to speed up the time it takes to get a client, and you will need to invest your money in order to speed up your business growth. This is why many people pay for leads–because they don’t want to invest the time in learning how to bring clients to them.
As your business grows, you will find that you have less time to invest — and it becomes crucial to recognize when this happens and be willing to invest money to free up your time.
If you don’t invest money at this point, you will slow down your business growth, or worse, burn out or not be as good as you could be for your clients–dropping the ball or not getting things done as quickly as they’d expect.
As your business grows, you’ll want to spend money to free up your time. Time to work with even more clients and/or time to spend outside of your business.
On today’s episode of Confessions of a Top Producing Real Estate Agent we are going to talk about how you find the right balance between spending time and spending money and when to choose once versus the other as your career evolves.
Here’s what you’ll learn:
- What exactly I mean by this whole time vs. money tradeoff;
- Why it’s a choice you are making, even if you aren’t consciously choosing;
- How the balance between the two evolves as your business grows;
- Mistakes to avoid that can actually slow down the growth of your real estate business; and
- When to consciously choose to spend time and when to choose to spend money.
Remember–you are always spending money or time. Which one is best for YOU to be choosing right now?
To your success,