The First 10 Things You Must Know About Your Competition
Building a modern, successful real estate brokerage is not an easy task. There are so many moving parts that require well-planned strategies and careful execution.
The task is even more difficult when doing it on your own, without guidance from people who have walked that path before.
The leaders at T3 Fellows have found that the best way to start the process is to understand your competition. It’s Step #1 in our 10-module program that helps real estate brokerages and team leaders optimize their organizations.
These are the first 10 components of your competition that need to be analyzed:
- Leadership strengths and weaknesses
- Mission and vision
- Do they have an A, B or C orientation? - check out our webinar to learn more! :)
- Branding and advertising
- Website and technology
- Support services
- Lead generation
- Compensation schedule
- Sales metrics: average price, days on market, production per agent
These are the first, critical steps required for businesses to know how they stack up against their competitors. This will also provide clarity for companies to define their unique value propositions so they can communicate exactly who they are, what they provide – and most importantly, why they’re the place to be for agents and buyers and sellers.
Learn more about this important process at our new webinar, which you can see here. It’s only 10 minutes long but filled with a lot of value and takeaways.