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A critical part of real estate business planning is determining your breakeven point.
How many homes must you sell at your average commission rate to break even by your target goal?
In the past six years, the housing market for first-time buyers in the Pacific Northwest has grown an average of 3% annually.
The next section of your real estate business plan template asks you to discover 3 priorities that can help you hit that goal.
This is where you focus on things like social media marketing, postcard canvasing, farming techniques, and email marketing.
And how the 3 priorities will help me achieve my big overall goal.
There are only so many marketing ideas and concepts you can put into your business plan.Can’t see how this real estate business plan template works?Here’s an example: You can see how I picked 5 things to support each priority.Did you print your business plan or download it to your computer?Every agent needs a plan to succeed; a real estate business plan keeps you accountable and on track.An optimal business plan for real estate agents includes firm goals, but it’s also fluid — you’ll want to update your real estate business plan as you grow and the market evolves.A real estate business plan allows you to stay current with market trends and ahead of the competition.At the end of the day, it comes down to execution on these ideas.And the execution really does differ if you’re just starting out.And you need tools that help you track your progress.These three tools will help you consistently add new activities that help your business generate growth.