The Real Estate Commission Calculator: How Much Money Do You Want To Make?
How much do you want to make? This real estate commission calculator figures out how many leads you to generate in order to hit your income goals.
Ok, so maybe that is a bit over the top…but you have a number in your head, right?
Well, there is a certain amount of work you have to do in order to hit that goal. And it helps to know what that number is…
Here’s the thing:
Up until this point, you’ve had to guess at how many leads you need to hit your goals.
That ends today.
I made this because I’m actually pretty silly when it comes to my income and goals.
It simply doesn’t work in a very analytical way.
I’ll think: “Oh, my friend gave me that one lead. And that’s for sure going to close 100% next week. That commission is basically in the bank.”
Then three weeks go by…
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And…my bank account starts to look like this:
The truth is you must focus on the system to increase your real estate salary. And not the end result of one deal.
So I now do this instead:
1.) I wanna make $175,000/year
2.) …that means I need to sell 32.64 houses
3.) …and that means I need to generate 1305.52 leads this year
Here’s what that looks like on my conversion calculator you can download for free:
You now have a road map for success.
You now know what systems you have to build to hit your income goals.
You now know how to judge your current growth.
You now know how much you can pay per lead and still be profitable.
Using a real estate commission calculator will do wonders for your real estate business!
You’ll have 4 numbers that really matter after using the calculator. They are:
That’s it! Who said selling real estate was so hard? (Just kidding…)
The point I’m trying to make is now you know where you need to point your attention.
I NEED TO SELL MORE!!!!
Ok, I either need 400 more leads or I need to boost my lead conversion.
That focus is what’s going to keep you from failing.
It’s no fun pointing out the problem without having a solution. So, I’m going to break down various ways to fix all 4 of those numbers by linking to blog posts that teach you the tactics you need to succeed.
Here we go:
Here’s a video on how Ryan got more leads:
Bill Gassett uses social media to grow his business:
You can also:
When it comes to leads, you should really have no issue ramping up your lead generation. There are simply so many ways to find people interested in buying or selling real estate. You can use the internet to access people. Or you can put signs in neighborhoods asking people to call you.
You will fall behind and go out of business if you don’t do this.
One of the worst things I see real estate agents doing is sending bad email templates. Email is not a platform for selling anymore! People are highly sensitive to what you mail them. And will delete your emails rapidly if you only send listings. Here are a few free email templates I’ve written for you to get you on the right track.
Here are a few more ways to boost lead conversion numbers:
There is one secret to this whole conversion and lead generate game that a lot of people miss.
They expect the rewards to come too soon. When it comes to building a business, results happen over years. You have to work you butt off today to see the rewards a year from now.
— Tyler Zey (@TylerZey) October 18, 2015
P.S. Share this calculator with your friends who could use it.
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Let’s boost your lead gen.