05 Nov By Referral Only: What Is It and Why Is It So Effective in Helping Agents & Lenders Succeed?
I’m really curious, have you ever stopped and asked yourself, “What is my personal definition of success?” Now, I don’t mean the definition from a book or a speaker or a coach or another agent. I mean, what’s your personal definition of success for your life and for your business?
In this article:
- The Path To Success In Real Estate & Lending
- Track 1 – Success is $50,000 to $75,000 a Year
- Track 2- $100,000 to $250,000 a Year
- Track 3 – $250,000 to $500,000 a Year
- Track 4 – High Six Figures
- Where Are You Right Now?
- Where Do You Want To Be?
Hi, I’m Joe Stumpf, the founder of By Referral Only, and for over 30 years I have been guiding agents and lenders to create businesses based on how they define success. At By Referral Only, we give you all the tools, technologies, systems, training, and coaching that will help you achieve your definition of success. In the last 30 years, By Referral Only has helped more agents and more lenders achieve more success, the way they’ve defined it, than any other training or coaching company in the industry. We call our process: the “meet you where you’re at” system. Then we do everything possible to get you to where you want to be next.
The Path To Success In Real Estate & Lending
We have four tracks. As I describe them briefly, I want you to ask yourself, which track are you on? Now, if you don’t think any of these tracks are for you, I’m not going to try to convince you to change your definition of success. That’s your definition. Keep it. However, I do encourage you to find the guidance to make your success track much more efficient, much more profitable, and of course, more fun.
Track 1 – Success is $50,000 to $75,000 a Year
By Referral Only track one is perfect for you if your definition of success is $50,000 to $75,000 a year, $4,000 to $6,000 a month, and more than likely real estate is a second or third career, and earning $50,000 to $75,000 a year is perfect for you. And more importantly, you want to earn $4,000 to $6,000 a month consistently and predictably. On track one, you don’t want a personal assistant. On track one, you don’t want to overspend on marketing schemes. You don’t want to go out and buy Zillow leads. You simply want enough opportunities every single month to create a steady stream of super high-quality clients who you love pouring your heart into, making their dreams come true.
On track one, you want to work about 25 to 30 hours a week. On track one, you want evenings off for your family and your friends. You’re willing to work a weekend, maybe two each month, but that’s it. Success to you is helping enough people so you are earning $50,000 to $75,000 a year, and if you ever want to do more, you’ll do it, but you’ll do it on your terms. Not shamed into it, not competing with others, but because you want to redefine success for you. If you choose to earn $50,000 to $75,000 a year for the rest of your career, that’s perfect. What we do at By Referral Only is to provide you with those tools for that track. We give you the technologies, systems, training, and coaching for you to thrive on track one.
Track 2- $100,000 to $250,000 a Year
By Referral Only track two is for you if $100,000 to $250,000 a year in commission is how you define success. On track two, you’re willing to work one, maybe two evenings a week, definitely 40, 45 hours a week, but you also want the freedom to pick up your kids at school, or maybe you support your parents or a loved one and that person needs you from time to time. On track two, you don’t want to have the responsibility of an assistant or a transaction coordinator. On track two, you want to limit your fixed expenses that force you to work more than you really want to and helping enough people every year so you earn $100,000 to $250,000 a year is plenty for you. At By Referral Only, we give you the tools, technologies, done-for-you systems, training, and coaching that will get you and keep you earning $100,000 to $250,000 a year consistently.
Track 3 – $250,000 to $500,000 a Year
By Referral Only track three is perfect for you if you define success as an income of $250,000 to $500,000 a year. Now, in some markets, that means 25 transactions. In other markets, it may mean 35 or 50 transactions, or maybe even 75 transactions. On track three, success is helping enough people so you hit your income target every year, which is between $250,000 and $500,000.
On track three, you’re willing to have a small but very efficient team. On track three, you want to go home at night knowing you have all the technologies and all the tools all finely tuned and making your marketing highly efficient and your client experience world-class. On track three, you love the business and earning $250,000 to $500,000 a year is what you do. Track three is where you feel most comfortable, and you’re willing to do the personal development work that’s necessary, and you’re willing to do the professional development work that’s necessary on track three. Having a $250,000 to $500,000 income and consistently earning $20,000 to $50,000 a month is what track three is all about. It’s the perfect track for you if that’s your definition of success.
Track 4 – High Six Figures
On track four you want a very high six-figure income. Maybe you’re on a track for a seven-figure income. You’re helping a lot of people every month, maybe 100 or 200 people or more every year depending on your market. But more importantly, you want to make this six or seven-figure income every year, and you’re willing to take risks to build the perfect team to support your vision. You’re willing to do whatever it takes to stay on track four. Of course, you want to be surrounded by other people who have the same identical track. You want to work with people who have lead generation systems, client experiences, referral systems in place that are all dialed in with precision. On track four, you want the technologies that can handle the volume of business that you do every single month.
Where Are You Right Now?
So the best way to describe what By Referral Only is, well, you tell us where you’re at right now, how much money you’re making right now, and how many people you’re helping right now. Then you tell us where you want to go. We then give you the tools, the technologies, the systems, the processes, the coaching, all the training that gets you on the fast track to your success.
Where Do You Want To Be?
Ready to start that journey to success? Click here.