A volatile market in real estate is characterised by sudden and unpredictable changes in price. That’s why in today’s blog post we will be sharing 11 steps in a volatile market that will give you powerful strategies that you can use to create your own vision, as well as the mindset you need to build assets.
Step 1: Mindset
To succeed in property, you need to ensure that you have a positive state of mind and take action steps towards it. A positive mindset doesn’t happen overnight, however, it’s about training your mind to change the negative thoughts into positive thoughts. Not only will this help you succeed in property, it will help you have a good relationship with yourself, others and how you view the world.
Step 2: Choosing your business
There are loads of different ways you can make an income from property, so choose 1-2 strategies to get started with and see how it goes. It’s better to focus on just a couple strategies than spreading yourself too thin.
Step 3: Values, vision, and mission
Every business needs to have a set of guidelines that outline who they are, what they do and what they want to achieve. By creating goals for your property business, it’ll help you set achievable targets.
Step 4: Getting educated
It’s important to learn as much as possible on your property journey and keep your knowledge up to date. You can do this by researching online, reading books, watching YouTube videos or by joining our Assets For Life community.
Step 5: Key result areas
As business owners, we need to acknowledge that we won’t be good at everything. You will have areas in your business that will come naturally and some that you will find hard.
Ask yourself, what skills do you have that will bring your business the best results?
Step 6: Systems, processes, and checklists
Every business needs systems in place to keep them running efficiently. You will need to have checklists, policies and processes in place to help you keep track of what you need to do and legitimise your business.
To get started, we recommend Trello and Asana as they are great free tools.
Step 7: Social media
Social media is one of the most important marketing tools for your business. It will help you leverage your business, get clients, and connect with new people.
Step 8: Surrounding yourself with successful people
It’s so important to put yourself in the same room as other successful or likeminded people. You can do this by attending the right events and learning from other successful people.
Step 9: Networking
Similar to step 8, putting yourself in the same room as other successful and likeminded people can have such a positive impact on your business. You never know who you’re going to meet at networking events so it’s important that you come prepared with your elevator pitch, business card and enthusiasm. Once you start networking, you will build your confidence and set achievable targets that will help your business grow.
Step 10: Leverage
Leveraging will allow you to grow a network of go-to-people who will contribute in making your business the best it can be.
Step 11: Have fun
The most important thing is to have fun and never give up – consistency and self-belief is key.
Before you go …
If you would like to learn more about how to buy property and thrive in a volatile market, click here to get your FREE guide.
If you want to learn how to double your following, build your audience and create a strong personal brand using social media, click here to get your FREE guide.