Is RE Coaching like Tom Ferry's worth it?

[Josh Sisley]

Hi everyone,

I recently spoke with someone from Tom Ferry's coaching and never really considered it before talking with them. I am a new agent who is driven/willing to work hard but the #1 thing that I see that I am missing is a clear direction forward. I have a business plan and I am starting to put systems in place but I still feel as if I could use someone to help guide and hold me accountable. There are so many directions you can go with Real Estate and I really want to start my business on a firm foundation for the future. I am not in this for the short term success but rather the long term. So my question is:

Do you think it would be worth the investment to hire a coach from a reputable program? And if so, who would you recommend?

I really appreciate any feedback that you all have!

Thanks,

Josh

[Joel Owens]

Josh where is your head broker? Are you working at one of those small fee firms? The head broker should be putting time and energy into helping new agent succeed. If it is one of those per transaction things of making 300 to 500 bucks each transaction as the head broker then it's a volume game and don't expect the broker to put much time into your success. That is more for the 60/40 or 50/50 split type firms. About 80% of agents fail the first year so some head brokers do not like putting much time into them. To build a book of business and become a successful broker/agent takes a ton of ongoing work.

New agents starting out tend to not have much reserves to survive. Coach's cost a TON of money. The system is designed for new agents across the board to be sold by NAR and everyone under the sun all kinds of gadgets and gizmo's to help them be successful. What happens is most of them get sucked dry and leave the business.

Hint: If you go on Ebay or similar you can often find lot's of coach materials that people bought and are reselling for maybe 10 cents on the dollar. If you go to a free event AVOID contracts and leave the credit cards at home. Stay away from companies that have IMPULSE selling and try to get you locked into residual contracts that are hard to get out of.

The companies I use for services I do not work on long locked in contracts and pay monthly instead. They know if they do not perform to my standards each month they will be gone.