Coach Patti's Blog

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Panning for Gold

Panning for gold

Remember the pictures you've seen from the gold rush days? People sat by the side of a creek with a flat pan, dug a shovel's worth of gravel from the streambed, and swirled it around in the pan. Then they patiently poked through the grit looking for a glint of precious gold. Hour after hour, day after day, they repeated the process over and over, as they panned for gold.

It's the same when you are prospecting, except that your "gold" is an appointment. When you set an appointment to meet with a prospective buyer or seller, it's like finding a gold nugget. And just like panning for gold, success in this kind of prospecting takes patience and perseverance. Just because you don’t see immediate results doesn’t mean the prospecting is not working or that you are not making progress. It is a numbers game.  

Man on phone upsetSuppose you've been panning (prospecting) for a while and not finding any gold – what's the problem? There are several reasons people fail at prospecting, including:

  • They don’t start with discovery questions
  • They fail to build rapport
  • They fail to create momentum
  • The lose control by talking too much
  • They start with their own agenda rather than focusing on the potential client
  • They start with a negative attitude
  • They let everything disturb them

Professional Woman on PhoneOne of the key points of The Real Estate Game is the importance of starting off with the most effective – the "right" – approach. To win at prospecting, you need to:

  • Visualize a positive outcome before starting
  • Start with a series of great open-ended questions that will lead to an appointment
  • Build rapport by matching and mirroring
  • Look for the "Yes," not the "No"
  • Reward yourself when you're done.

Like anything else, you won't get anywhere until you start. Don't let outside events or conditions take over. Remember, "If you keep waiting for just the right time you may never begin. Begin NOW! Begin where you are with what you are."

Pot with gold coinsHow much gold will you find today?

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Patti Kouri, Accelerated Performance Coaching
Helping You Through Self-Made Limitations! 

Will you Take My Challenge and increase your income?
Play The Real Estate Game®

 

6 commentsCoach Patti Kouri • January 22 2009 03:40PM

Comments

Thaks for sharing.  That is great info.

Posted by Nate Rowe, Homes in Richmond VA Realtor in Richmond VA, (Oakstone Properties, Homes in Richmond VA ) 10 months ago

Excellent synopsis of a winning game plan.  Thanx

Posted by Joan Snodgrass Tri-Lakes Realtors, Shell Knob, MO (Tri- Lakes REALTORS) 10 months ago

Gold diamonds silver -I will find it (how is that for positive thinking & using your plan of action)?

Posted by Kathleen Lordbock Keller Williams Realty Brainerd Lakes (REALTOR/Staging Specialist) 10 months ago

I know I am commenting a few days later then posting but I just wanted to thank you for that info.  Very very good info.  Thanks

 

Posted by Bobbi Sedok (Century 21 Moline Realty) 9 months ago

I agree talking too much is often a problem. I do not agree that Real estate is a Game... like people that "play' the stock market get taken... it may just be a term but it sets an attitude... language IS important.

Posted by Perrin Cornell, ABR (Windermere RE/NCW) 9 months ago

Great advice Coach Patti, and good association to make, which jelps to keep the attitude throughout the endeavor positive.

http://www.PoconoLandAndHomes.com

Posted by Renée (Renee) Hoover - Poconos, Pike, Wayne, Monroe Co (Midlantic Realty, Milford, PA and RGB Custom Builders) 8 months ago

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