As a real estate agent, you’re no doubt always keeping an eye out for ways to stay ahead of the competition, and attract more clients. One often-overlooked strategy is the use of commission advances, a type of financing option that allows real estate agents to receive a lump sum of money upfront, before they receive their full commission from the client. This is a highly specialized and advantageous option for agents who need to cover expenses, pay bills, or invest in their business.
So, exactly how can you as a real estate agent utilize commission advances to attract more clients? It all depends on what avenues you are willing to take, but there are several prominent methods that will net you the kind of business you hope to receive. Here’s a few of the key methods:
1) INCREASED MARKETING
With a commission advance at your disposal, you’re able to invest in precise, and finely-targeted marketing campaigns, as well as social media ads and other promotional activities, all for the purpose of reaching a wider core audience. The more attention you generate, the greater the percentage of interest, which will have positive effects on your growth.
2) REDUCED FINANCIAL STRESS
Commission advances offer a unique advantage by helping to alleviate financial stress, which allows you to focus on what matters most – providing exceptional service to your clients. Free from nagging doubt and uncertainty, you can focus all your energies on being the best agent possible, which will reflect in your reputation as time goes on.
3) CLIENT INCENTIVES
Did you know that you can use a portion of your commission advance to provide incentives for your clients? This can come in the form covering a percentage of closing costs, providing a warranty, offering property management services, or other incentives that separate you from your competition. Think of it as an added layer of service that your clients will both remember, and rave about.
4) RE-INVEST IN YOURSELF
Attracting clients means being the best you can be, and you can achieve this by utilizing commission advances to pay for training seminars, furthering your education, achieving certifications, or investing in outside help. Whatever the case, you have many options available that will boost your game, and turn you into an even more exceptional real estate agent.
5) UPGRADING TECHNOLOGY
The world of technology waits for no one, which is why the best agents are always keeping par with the latest developments. Tired of your outdated website? Need a good online portal to serve your clients’ needs? What about a high quality camera upgrade for photography and video, so you can help your clients sell faster? Utilizing your commission advance to bump up your tech can prove to be an invaluable investment that will serve you for years to come. Remember, the more clients you get, the more you earn.
With these key points in mind, you may be wondering if there are any tips you can follow, in order to generate the most success from your commission advances. Here’s what Rocket Advance recommends, and it’s a system that has served our clients well:
1) DO YOUR RESEARCH
Always research different commission advance providers and compare their terms, interest rates, and fees to find the best option for your business. At Rocket Advance, we offer the most competitive fees and terms in the business, and we back that up with a no-nonsense approach to getting you your commission advances quickly, and without hassle.
2) CRAFT A BUSINESS PLAN
Make sure to develop a comprehensive and focused business plan that outlines your key goals, strategies and financial projections, to ensure you’re using the commission advance wisely. While you may opt for a commission advance to overcome short term challenges, you should also be focused on what you wish to achieve in the next 6-12 months as an agent.
3) INVEST IN YOUR BUSINESS
Commission advances are advantageous in that you can invest the money back into your business operations. Whether it’s upgrading technology, expanding your marketing efforts, or building a new set of strategies to reach your goals, re-investment can serve as a critical component in your day-to-day operations.
CONCLUSION
When used strategically, commission advances can provide you with a major boost to your success as a real estate agent. While they may always be used for emergency expenses, we have discovered that they can also be used in clever ways in order to actually attract a wider network of clients. The real estate business is hot, and the competition fierce. Any advantage at your disposal is a good one, and commission advances stand right at the top.
Rocket Advance specializes in commission advances, and we back that up with exceptional terms, a competitive fee structure, and of course, unparalleled levels of great service. Contact us today, and you can start earning your commission advances right away. There’s no limit to how many you wish to submit, so make sure to take advantage right now!
